How to Obtain a Credit Card Without CIBIL Score?

Being able to build a good credit score is the step to being able to open credit avenues like a credit card. But what if you are new to credit and don’t have a CIBIL score? Can you still get a credit card? The answer is yes! 

Having a high CIBIL score makes it easier to get credit card approval, but there are other ways to obtain a credit card. Let’s understand how you can secure a credit card without a CIBIL score. 

What is CIBIL Score and How Does it Work? 

Your CIBIL score is a numerical figure between 300 and 900 that provides you with a clear picture of your credit health. A higher CIBIL score is preferred as it shows higher creditworthiness.

Your credit report, which includes your installment repayment history, outstanding debts, and credit inquiries, typically influences your ability to obtain a credit card. Various banks and financial institutions use credit scores when determining the creditworthiness of a borrower. 

However, there are ways to get a credit card even if you lack a credit score. 

How to Get a Credit Card Without CIBIL Score?

Now, let’s look at practical ways to get a credit card without a CIBIL score.

1. Secured Credit Cards 

Secured credit cards are credit cards given against a fixed deposit. It is a good option for people with low or no CIBIL score. For these cards, you are required to pay a cash security equal to an average of the credit limit given to you. But sometimes banks offer credit cards with limits of up to 75%-80% of the fixed deposit amount. 

Regular and timely payments improve the credit score in the long run, which is important for maintaining a good credit score profile. 

2. Add-On Cards 

An add-on card is another card that you can get against your primary credit card. You can enjoy the same benefits on the add-on card as on the primary card, with minimal documentation required for the application. 

Typically, there are no joining or maintenance fees for an add-on card. If the primary cardholder has a good credit history, you can get a supplementary credit card linked to their account. Since the primary cardholder is responsible for making payments, some issuers might not consider the applicant's CIBIL score when offering an add-on card. 

3. Credit Card Against Salary Account 

If you receive a fixed monthly income and have a salary account with a bank, you can apply for a credit card. Banks may offer credit cards with favorable terms based on your salary and account activity, making it easier to qualify for a card. 

This often involves less documentation and quicker approval compared to other types of credit cards. 

Effective Strategies for Building an Excellent Credit Score 

While we have discussed ways to get a credit card without a CIBIL score, it is also essential to know how to start building your credit history to improve your CIBIL score. Let’s look at some ways to build your CIBIL score.

1. Apply for a Small Loan

You could also consider taking a small unsecured personal loan, credit builder loan from an accredited bank, or other related financial firms. Ensure timely repayment to build your credit and a good CIBIL score.

2. Pay EMIs on Time 

Paying EMIs (Equated Monthly Installments) on time is crucial, as these payments are reported to credit bureaus and can positively impact your CIBIL score. 

3. Monitor Your Credit Report 

Review your CIBIL score report for any mistakes or information that could lower your score. Accurate information affects your creditworthiness, so correcting errors is beneficial. 

Why Do Banks Analyze Your CIBIL Credit Score Before Sanctioning a Credit Card? 

Banks use your CIBIL score to determine credit card approval. A high score indicates a good credit history, making you a low-risk borrower, while a low or no score suggests a higher risk.

If you don't have a CIBIL score, banks may offer secured credit cards backed by a fixed deposit or consider factors like income and job stability. Building credit with a secured card and timely payments can help you qualify for unsecured cards later.