“Can I get credit card with low CIBIL score” is a common query nowdays. My cousin had a low CIBIL score and yet he managed to get a credit card. He told me that lenders usually prefer offering loans and credit cards to applicants with good credit scores because this helps them protect from any potential bad assets. However, there are a few options for people with bad credit to get a credit card. Let me tell you how to get credit card with low CIBIL score:
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How to Get a Credit Card with Low CIBIL Score
Apply for a credit card with your primary bank
Generally, banks provide free credit cards to their customers. Your primary bank has the whole financial history with them and can determine your creditworthiness easily. It’s a super easy way to get a credit card with a poor credit score.Get a high-fee unsecured credit card
Banks issue a credit card fee on every credit card they issue. Most banks waive off the credit card fee or lower it for cardholders having a good credit rating or with a long-standing relationship with the bank. If you have a bad credit score, then you can apply for a credit card with higher fees. You won’t have to provide any deposit for this card and you can get it even if you have bad credit. You can then use this card to build a sound credit profile and slowly shift to a credit card with better offers and lower charges.Get a secured credit card
A secured credit card is a credit card issued on pledging an asset of high value or against collateral. Generally, a secured credit card is issued with a Fixed Deposit (FD) held at the bank. The credit limit on such cards is generally 80-90% of the linked FD value. Now you know how to apply for credit card with low CIBIL score. Read more: How to get home loan with low CIBIL score? Does cheque bounce affect CIBIL score? How Much CIBIL Score Required for Credit Card? Does EMI on Credit Card Affect CIBIL Score? Please like my answer if you found my answer on how to credit card with low CIBIL score helpful.Your Feedback Matters! How was this Answer?
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Authors Of The Question
How to Get Credit Score with Low CIBIL Score?
Chandra
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1 Answers
2 Year
2022-09-01T19:09:10+00:00 2022-09-01T19:37:29+00:00Comment
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