Why do I need to check my CIBIL score when it comes to credit cards?

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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 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.

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Frequently asked questions

What is a good CIBIL score for a credit card?

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.

Can I get a credit card with a 700 CIBIL score?

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.

Can you get a credit card with a 650 score?

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.

What credit limit can I get with a 700 credit score?

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.

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