How To Get Your First Credit Card With No Credit Score In India

Can I get credit card without Credit score? The Answer is "YES". Here's How?

Getting a credit card is a big decision and getting your credit card application rejected can be disheartening. In order to get a credit card, you must meet the eligibility requirements like minimum age and salary requirement, credit score, etc. Credit Score plays an important role in the credit card application approval as it helps the issuer to determine whether you are creditworthy or not. But there is no thumb rule that you should have a credit score in order to get a credit card. You can get a credit card with no credit score in India. Here are the few types of credit cards that you can consider while applying for the first time:

• Secured credit card: secured credit cards are offered against the fixed deposit. You need to maintain a fixed deposit with the respective bank. They are easiest to avail and there are rare chances that your credit application for these cards will be rejected. You can check out SBI Unnati Credit Card, Kotak 811 #DreamDifferent Credit Card, etc. under the secured credit cards.

• Lifetime free credit card: These credit cards come with no joining and renewal fee. With these credit cards, you get to enjoy the shopping, travel, movies, and dining benefits. These are truly rewarding credit cards for first-time credit card users. Among the best credit cards in India you can vouch for HSBC Visa Platinum Credit Card, Amazon Pay ICICI Bank credit card, Flipkart Axis Bank credit card, etc. under the lifestyle credit cards.

• Get an add-on credit card: If you want to enjoy the higher rewards and benefits and don’t want to apply for the secured or lifetime free credit cards then you can apply for the add-on credit cards on the primary credit card. For these credit cards, the minimum age requirement is 18 years. Any family member having a credit card can help you get the add-on credit card and you will also enjoy the same benefits as that of a primary card. 

• Amazon Buy Now Pay Later: You can use this to build your credit score and after building a good credit score you can apply for the credit card you wish to. This is the shortest and the easiest way to build a credit score without a credit card. 

• Personal Loan: You can take a personal loan first that will help you in building a credit score. After repaying it you can apply for the credit card as you will have a credit score and the chances of your credit card application getting rejected become less.

Bottom Line:

Gone are the days when it was difficult to get a credit card without a Credit score. Choosing one type of credit card mentioned above can get you a credit card without any hassles or by simply using Amazon Buy Now Pay Later can help you in starting with your credit journey. You can use these credit cards to build your Credit score and after some time you can apply for upgraded credit cards if they complement your financial health and other requirements. Secured credit cards and lifetime free credit cards are ideals for first-time credit card applicants. After getting the credit card one must remember to pay the credit card outstanding balance on time and never default on the credit card bill payment as it can have a negative impact on the credit score. Also, he/she must keep the credit utilization ratio low, using a credit card beyond the pre-approved limit can also impact the credit score negatively. Comment down what do you think of these secured and lifetime free credit cards and do you also approve that one can get a credit card without a credit score in India!?