Lifestyle

What's the minimum CIBIL score needed to qualify for a credit card?

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Credit card

A credit card can be a great way to manage your finances as it provides the leisure of paying later and ensures convenience. 

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CIBIL Score

Maintaining a proper CIBIL or credit score is the key to having financial control. A good CIBIL score can ensure a better credit card with all your areas of interest covered.

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Importance of CIBIL score

A good CIBIL score is not only required for a credit card but it is also important to secure a loan. Whether you will get a loan or not, depends on your CIBIL score. 

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What is a CIBIL score?

A CIBIL score is a three-digit number that showcases the summary of your credit history and reports. It ranges from 300 to 900. The higher your CIBIL score the better it is. 

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CIBIL score for credit card

If you need a credit card then your CIBIL score must be above 750. Several banks and financial organizations do not provide credit cards to lower CIBIL score holders. 

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Credit card for lower CIBIL score

Some select finance institutions and banks provide credit cards to individuals with lower CIBIL scores, around 650. However, it depends on the bank. 

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