Table of Contents
How can I get credit card if my cibil is zero?
Yes, you can. Those who have zero CIBIL score do not lose eligibility to apply for a credit card. There are many banks offering wide range of credit cards to those having no credit history since the factors based on which credit cards are given are income and CIBIL or credit score.
How can I increase my cibil score in HDFC Bank?
Pay all your loan-related dues on time, such as loan EMIs and credit card bills. Use your credit limit wisely—use only up to 50\% of your credit card limit a month. Keep a balance between secured and unsecured loans (i.e. debt with and without collateral). Maintain a reasonable debt-to-income ratio.
How much time does it take to increase cibil score?
around 4-12 months
The time taken to improve the CIBIL™ score can normally be around 4-12 months, depending on your consistency in reflecting good credit behaviour. A credit score close to 750 is considered good and it will take lesser time to further improve such a credit score.
Can I get a credit card with 650 CIBIL score?
If the credit score is in between 650 and 750, it determines that the individual will not face too many hurdles while applying for credit cards and loans. A credit score that lies between 550 and 650 indicates that the individual is fairly regular with payments.
What is CIBIL score in HDFC Bank?
The CIBIL score comes in the range of 300 to 900 in India – anything above 700 is considered good for the approval of loans or credit cards. A higher CIBIL score suggests good credit history and responsible repayment behaviour.
Is 650 a good CIBIL score?
70\% of U.S. consumers’ FICO® Scores are higher than 650. What’s more, your score of 650 is very close to the Good credit score range of 670-739. With some work, you may be able to reach (and even exceed) that score range, which could mean access to a greater range of credit and loans, at better interest rates.
How to check CIBIL score for free in HDFC Bank?
HDFC Bank is the official partner for CIBIL – Check Credit Score for Free. To get Free CIBIL score online within 2 minutes just provide some basic details: Enter ID details (Any 1) PAN; Passport; Voter ID; Driver’s license; Ration Card; Get a Free Credit Score (No impact on your Credit Score) 3 Essential tips to keep your financial health fine!
What is CIBIL score?
CIBIL score or credit score is like your financial report card. In other words, it’s simply the numerical representation of your repayment history. Things you need to know about CIBIL score: The CIBIL score comes in the range of 300 to 900 in India – anything above 700 is considered good for the approval of loans or credit cards.
What is the minimum credit score required for a HDFC credit card?
This number is in the range of 300 to 900. A credit score closer to 900 is considered to be good by the banks and a credit score closer to 300 is considered to be risky by the banks. HDFC requires the credit card applicants to have a minimum CIBIL™ score of 750 or above to be eligible for any of the credit card.
How to apply for a credit card from HDFC Bank?
If you are looking to apply for any credit card from HDFC Bank, make sure you check your credit score and then apply so that you do not face a card disapproval. And, if you don’t have a credit history right now, then you can apply for a secured credit card which the bank gives against FD or savings account.