Why Should I Check My CIBIL Score for Credit Cards?
TransUnion CIBIL is considered one of the oldest and most popular credit information bureaus in India. It assigns a credit score to everyone with a financial history. Your CIBIL Score is a numerical representation of your credit history. It is a 3-digit number, which can vary from 300 to 900. A high CIBIL Score is important when you apply for a credit card.
One of the best credit cards in India, the Bajaj Finserv RBL Bank SuperCard, comes with the features of 4 cards in 1. You can use it as a credit card, a loan card, a cash card, and an EMI card.
What is a good CIBIL Score to get the Bajaj Finserv RBL Bank SuperCard?
The CIBIL Score required for the credit card is at the bank’s discretion but it should ideally be higher than 750. If you have a low CIBIL Score, you can improve it by following certain habits or taking a few key measures.
How much CIBIL score is required for a Credit Card?
A CIBIL score of 750 or above is generally required to qualify for a credit card. This score reflects good creditworthiness, increasing your chances of approval and access to better credit card offers and benefits.
How to improve your CIBIL Score
- Repay on time
Delayed or missed EMI payments are recorded in your credit history. They lower your CIBIL Score and show you as a financially irresponsible borrower. Always make sure to pay your credit card dues or EMIs in a timely fashion to increase your CIBIL Score.
- Use it responsibly
Credit cards give you access to immediate funds, which you are liable to repay later. You should always try to pay the total outstanding amount reflected on your credit card bill instead of the minimum amount due. This helps you boost your CIBIL Score.
How do I check my CIBIL Score online before applying for a credit card?
You can check your CIBIL Score for free online through Bajaj Finserv by filling in a few basic details. Checking your score doesn’t affect your score.
Benefits of a good CIBIL Score to get a credit card
A good CIBIL Score enhances your eligibility for credit cards, offering better interest rates, higher credit limits, and access to premium cards with exclusive benefits. It reflects financial responsibility and increases the likelihood of approval.
Impact of CIBIL Score on credit card approval
The CIBIL Score significantly impacts credit card approval, as lenders use it to assess creditworthiness. A higher score indicates lower risk, improving approval chances. Conversely, a lower score may result in rejection or higher interest rates.
How to read CIBIL Score report for credit card?
To read a CIBIL Score report, check the score, typically ranging from 300 to 900. Review the credit summary for outstanding balances, payment history, and credit inquiries. A higher score suggests good credit health, essential for credit card applications.
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Explore and apply for co-branded credit cards online.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
A good CIBIL score for a credit card is usually above 750. This indicates that you have a good credit history and are more likely to be approved for a credit card.
Yes, you can get a credit card with a 700 CIBIL score. While a higher score is always preferred, a score of 700 or above indicates good creditworthiness and may qualify you for certain credit cards.
Yes, you can still get a credit card with a 650 CIBIL score. However, your options may be limited, and will be at the bank’s discretion and you may not be eligible for premium credit cards with exclusive benefits.
With a 700 credit score, you can expect a credit limit of up to Rs. 1 lakh or more, depending on the card issuer's policies and your income eligibility.
The minimum CIBIL Score required to apply for a credit card in India is generally around 750. However, some issuers may consider applicants with scores above 650, albeit with stricter terms or limited features.
Your CIBIL Score affects your chances of getting approved for a credit card by indicating your creditworthiness. A high score (750+) suggests responsible credit behaviour, increasing approval chances, while a low score can lead to rejection or stringent terms.
