Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Credit Card Without Cibil Score

     

    There is no denying the fact that with the advent of credit cards, life has become easier for individuals with regard to availing things and paying for it at a later date. As such, it has become an indispensable part of an individual’s life. The use of credit card has varied with the passing of years and is currently regarded as one of the deciding factors of a good credit score. Moreover, the card enables the cardholder to improve his/her budget as well as their credit rating, if used effectively.

    What is CIBIL score?

    CIBIL score which is also known as credit score is generated after the Credit Information Report (CIR) summarizes the payment history of the individual’s payment history of loans and credit cards that he/she might have availed from banks and financial institutions. It is a three-digit number that ranges between 300 and 900. The closer the number is to 900, the stronger is the credit profile of the individual.

    Why Do Banks And Financial Institutions Check Cibil Score Before Issuing A Credit Card?

    Banks and financial institutions check the CIBIL or credit score of the individual before issuing credit cards in their names is because credit cards are a form of unsecured lending that banks in the country provide to the applicant based solely on the applicant’s creditworthiness. Banks avoid providing individuals with credit cards who have a bad history of repaying loans or has a bad credit history as it involves the risk of defaults which can ultimately lead to losses for them. As such, banks use the simple way to looking at the credit history of the individual in a bid to ascertain whether he/she is financial capable of handling a credit card without defaulting on the payment due. All the credit reports and scores of the individual who has requested for a credit card are provided to the bank by TransUnion CIBIL Limited when the bank requests the information. Banks analyse the individuals record of late payments and defaults as well as the records of any loans or credit cards that might be currently held by the individual by checking their credit score. Through the CIBIL score, banks gauge the individuals diligence towards paying credit card bills. It needs to be mentioned that there have instances when banks have considered having no credit history also as poor credit history.

    Minimum Cibil Score Required To Avail A Regular Credit Card

    As mentioned earlier, CIBIL scores of individuals are generally in the range of 300-900. To have a good CIBIL score, it is always better to have a number that is close of 900. Ideally, a good CIBIL score for a individual falls in the range of 700 and above. However, to pinpoint precisely as to what is the minimum CIBIL score required to avail a regular credit card is a tough ask as most banks and financial institutions follow a similar pattern. Usually, banks accept a CIBIL score in the range of 700-750 and above to issue a credit card to an individual. However, there is no hard and fast rule to it as banks and financial institutions offer certain credit cards to individuals with low credit score as well.

     

    How To Get A Credit Card Without Cibil Score?

    For an individual who has no CIBIL score or has a low CIBIL score, it is quite difficult to get a regular credit card, however it is not impossible.

    To get a regular credit card without having a CIBIL score, an individual can try doing the below mentioned things:

    • Get a secured credit card: This is the most easy and convenient process that an individual can turn to while looking to getting a credit card without having a CIBIL score. An unsecured credit card can be availed by all those applicants who have no credit score or possess a low credit score. The secured credit card can be availed in a bid to build up the individual’s CIBIL score. To avail a secured credit card, all the individual needs to do is open a fixed deposit account with a bank from which he/she wishes to avail the secured card and make a deposit. The bank will issue a credit card to the individual with a credit limit between 50 to 100 percent of the total deposit made as per their banking terms and conditions.
    • Get an add-on credit card: Availing an add-on or supplementary credit card is another way for an individual to build his/her CIBIL score. An add-on credit card can be availed by the individual if he/she has a primary credit cardholder in the family. A add-on credit card comes with similar benefits and features as the primary credit card which the family member possesses. However, the credit limit that was on the primary credit card is now shared between both the cards, i,e primary and the add-on credit cards. Irrespective of that, the individual can still avail the benefits of the add-on credit card as well as use it during unforeseen times like financial emergency.
    • Credit card against savings account: Credit cards are offered against savings account only by some of the major banks in the country. This is another way an individual can get himself/herself a credit card without having a CIBIL score. To get a credit card based on the savings account that the individual possesses, he/she will have to deposit a certain amount of money in the account for the bank to provide him/her with a credit card.
    • Avail a prepaid credit card: Another way of getting a regular credit card from banks and financial institutions without possessing a CIBIL score is by availing a prepaid credit card. This is a good idea for individuals who have a bad credit score. Prepaid credit cards are offered by all the major banks in India to people who possess a bad CIBIL score or are without a credit history. A prepaid credit card can be used by individuals by putting in a certain amount of money and using it just like an individual uses a prepaid mobile connection.

    Doing the above mentioned things can help an individual in availing the benefits of a credit card without having a CIBIL score as well as enable them in building their CIBIL score to help them avail a regular credit card. Though there are ways to avail a credit card without even having a CIBIL score, it is better to use the options only to build up one’s credit score to avail other credit facilities provided by banks and financial institutions that exist in the country.

     

    FAQs On How to Get Credit Card Without Cibil Score

    1. How to build a CIBIL from zero without a credit card in India?
    2. An individual can build his/her CIBIL score without possessing a credit card by availing a secured credit card, add-on card, prepaid credit card etc and using it properly.

    3. Does credit card usage affects CIBIL score?
    4. Yes, credit card usage does affects the CIBIL score of an individual. If the credit card is used well, the CIBIL score is built up. If it is not managed well, the CIBIL score takes a hammering.

    5. Does opting for EMI for credit card payment affect my CIBIL score?
    6. No, it does not. However, if the EMIs are not paid on the due dates it does have an impact on the CIBIL score.

    7. How to increase my credit card limit?
    8. You can increase the credit limit my making sure that you handle the credit responsibly. On doing so, the credit limit is increased automatically by the credit card issuers. You can also request for the credit limit to be increased by contacting the credit card issuer.

    9. Will getting my first credit card increase my CIBIL score?
    10. Yes. However after availing the credit card the individual needs to make sure that the credit card is used responsibly with the utilization percent preferably kept to 20-30 percent of the available credit limit.

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    Credit Card Without Cibil Score Reviews

    • RBL Bank Credit Card
      "Easy to convert for EMI "
      0.5 4.0/5 "Great!"
      I got RBL card offer from BAJAJ Finance. I have been using this card past 10 months which is a life time free card. The credit limit is sufficient of 55K. EMI conversion is avail and I can convert via mobile app whenever required with nominal charge. I use this card for general purpose. Based on usage I get points but not yet redeem it.
      Was this review helpful? 27
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards
      SBI Cards Credit Card
      "Good service"
      0.5 4.0/5 "Great!"
      SBI credit card have offers and reward points but I have not redeem them yet, this is a domestic card, the credit limit is of 50000 which I am very much satisfied as per my need. I got my statement on time. I used this card for personal purposes.The card is very user friendly.
      Was this review helpful? 33
      , hyderabad
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      I am using SBI credit card for more than three months, there are some reward points and offers in the card. I used this card for online shopping, fuel surcharge and groceries.The credit limit of the card is sufficient and I like the most about the card is that it is a life time free card and very good to use.
      Was this review helpful? 26
      , hyderabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      The bank agent suggest me to take credit card from INDUSIND and I have taken it because it doesn't have any annual fee. The offer and reward points are available in the card are good. I am satisfied with the limit of the card. I used the card for general purposes. But it will be nice, if the offers and reward points will be more.
      Was this review helpful? 15
      , jaipur
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am using INDUSIND credit card for 3 months. The card have no offers available and also there is no rewards. The only benefit is that its a life time free card and the credit limit is only for 75000 I am not that satisfied as i expected to get around 1.5 lakh. Apart from the limit over all experience is good.
      Was this review helpful? 17
      , chennai
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have got INDUSIND credit card few months ago and I have used it for two months now ,the credit limit of the card is Rs.70000 which is a life time free card. The bank have informed me every details about the reward points and offers but I have not got any time check it. I am satisfied with their card service.
      Was this review helpful? 18
      , hyderabad
      Reviewed on Mar 21, 2020
    • ICICI Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Am having ICICI credit card for two years, I feel good and have not face any issues. The best part about the card is its a life time free card. I used to get my card statement on time. I used this card for shopping, groceries and for many other personal purposes.I am using the bank mobile app which function smooth and simple.
      Was this review helpful? 22
      , faridabad
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have used SBI credit card for 2-3 months, but I have not got any time to check about the offers available in the card. The limit of the card is 38000 and I am satisfied because its a life time free card. I used to get my card statement on time and the net banking is also working very well.
      Was this review helpful? 31
      , faridabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service "
      0.5 4.0/5 "Great!"
      Since it is a life time free card offer from INDUSIND so I chosen it and applied through online. I received a call on time and they have done the verification process. Hence I received the card by 7 days, the credit limit is okay for me. Its easy to use for all purposes.
      Was this review helpful? 13
      , chennai
      Reviewed on Mar 21, 2020
    • Citibank Credit Card
      "Good "
      0.5 4.0/5 "Great!"
      CITI has provided good offers and benefits on 2 months before. So I chosen this card and applied through online. It is annual fee chargeable of 500 rupees bu there is waiver off option if I spend 30K within a year. The credit limit is 65K. There is EMI conversion avail for this card.
      Was this review helpful? 11
      , coimbatore
      Reviewed on Mar 21, 2020
    • HDFC Bank Credit Card
      "very good"
      0.5 5.0/5 "Blown Away!"
      I have used credit card from HDFC bank for 1 year which is very good and also very comfortable, its a life time free card and lots of offers are available in the card. This card was suggested to me by my colleague. Mobile banking also functions very smooth.
      Was this review helpful? 31
      , bangalore
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Average service"
      0.5 4.0/5 "Great!"
      INDUSIND bank credit card have an credit limit of of Rs.75000, there is no offers available in the card and it also have a charges of 3000 along with GST. I hardly receive any remainder messages for my bill payment due to that some time I could not pay my bill on time. I would advise them send my bill on time before the due date.
      Was this review helpful? 16
      , bangalore
      Reviewed on Mar 21, 2020
    • ICICI Bank Credit Card
      "Need to increase the credit limit "
      0.5 5.0/5 "Blown Away!"
      I have been using ICICI card for more than one year. They have provided an annual fee chargeable card and waiver off option is applicable. The credit limit is okay of 50K. Since I need to do purchase about 45K on some of the month so this limit is not sufficient. I swipe the card for travel, shopping and fuel purposes. I have not opted for EMI conversion.
      Was this review helpful? 16
      , kolkata
      Reviewed on Mar 21, 2020
    • Axis Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using AXIS bank credit card for 3 years, Its a life time free card so I applied the card through bank. The agent have informed me everything about the card. I used to get offers of 10% on petrol bunk and shopping.The limit of the card is Rs.45000 and I used to pay my bill directly through bank.I am also using their net banking which is very good.
      Was this review helpful? 26
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service"
      0.5 4.0/5 "Great!"
      I got INDUSIND credit card from few months ago.The card have an EMI conversion. I used the card for multi purposes like shopping, online payment, ticket booking. This is annually chargeable card, I am not satisfied with the credit limit of Rs.75000 as I am expecting more than than 1 lakh.
      Was this review helpful? 19
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got a life time free card offer from INDUSIND bank hence applied through online on three months back. I received the call on time and the process was done on smooth. I got the card on exact time frame. The credit limit is sufficient and they provided good offers and benefit as well.I use this card for shopping and travel purpose.
      Was this review helpful? 8
      , kolkata
      Reviewed on Mar 21, 2020
    • RBL Bank Credit Card
      "Average service"
      0.5 1.0/5 "Really Bad"
      RBL credit card is a chargeable card, I always have to go to Bajaj Finance to pay my credit card bill. I am not satisfied with the customer service which has to be improved. I used this card when ever needed for shopping, fuel surcharge and bill payment.The limit of the card is fine.
      Was this review helpful? 43
      , ranchi
      Reviewed on Mar 21, 2020
    • HDFC Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      HDFC credit card is very convenience to use, I have been using the card for 4.5 months for Shopping, groceries, fuel surcharge and electricity bill payment also. I pay my credit card bill through ATM. I always get my bill on time, this card was suggested to me by the bank agent.
      Was this review helpful? 23
      , ranchi
      Reviewed on Mar 21, 2020
    • RBL Bank Credit Card
      "Okay service "
      0.5 3.0/5 "Satisfactory"
      I used RBL card for twice only. I get message or call for EMI conversion from banker. It is a life time free card. Once all the process done I received the card by 15 days. I am holding this card past 6 months. The credit limit is sufficient of 30K. Once I tried to convert for EMI of 3 months it was done on time without any problem. It is Bajaj card.
      Was this review helpful? 13
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Good card"
      0.5 5.0/5 "Blown Away!"
      I have been using SBI credit card for the last two months, the credit limit of the card was satisfied it was Rs.9,80,000. The bank agent came and collect my document he have informed me every detail about the card. The card have a charges of Rs.2299 in a year. I used to pay my credit card bill through bank. Am getting my card statement in softcopy but I wish the bank can send me a hard copy statement also.
      Was this review helpful? 37
      , gurgaon
      Reviewed on Mar 21, 2020
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