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In the recent times, Axis Bank has becomes one of the most preferred retail banks for its top notch services and timely customer care. In fact, it has surpassed most of the private bank entities to emerge as a leading banking service provider in the country.
Getting a credit card from this prestigious banking institution can be a truly amazing deal. However, the same depends on your credit history and most importantly, your credit score or as it is more commonly known, your CIBIL score.
In this article, we will tell you all about the Axis Bank credit card and the ideal CIBIL score you need to achieve to avail the same. In addition, we will also tell you the most common mistakes that people make that adversely affecting their credit score and ways to improve your credit ratings in the eyes of the bank.
Well, your CIBIL score is the foremost criterion that determines your creditworthiness and your chances of availing a loan or a credit card for any given bank.
A CIBIL score ranges from 300-900. Anything above the score of 750 is considered as a favourable score. Your credit rating is calculated by taking into account several considerations such as your previous defaults, the number of loans you have taken from the bank, unpaid instalments, your income in a given period, etc.
In order to avail a credit card easily, you need to ensure that your credit rating is up to the mark so as to avoid any hassle or trouble while availing the bank's credit services.
Essentially, Axis Bank offers all the amazing services that a customer would ideally require from his bank. A seamless service and customised attention to customer’s needs surely makes this bank a favourite for a majority of customers.
Here are some of the startling features of the Axis Bank credit card.
There may be several reasons due to which your application for availing a credit card might be rejected. Some of the most common and probable reasons are enlisted below:
Here are some of the most helpful tips that can ensure that you have a good credit rating and are saved from any doubt on your ability to pay credit.
Does CIBIL maintain a defaulter list with itself?
No. CIBIL maintains no such list with itself. Its only job is to assess the credit worthiness of a particular customer.
What is the ideal CIBIL Score?
The closer your score is to 900, the better it is for you. It helps you gain credit from the bank quite easily. However, 750 is the ideal score for most of the credit requirements.
Is there a way to check my CIBIL Score?
You can check your CIBIL score by visiting the official website i.e. www.cibil.com.
Does CIBIL help the customers in any way?
Surely, CIBIL ensures that there is transparency in bank transactions. It helps, both the bank as well as the customers know the latter's credit rating, so as to evaluate and assess whether it is genuine to disburse loan to the applicant.
Can I get a Loan on Axis Bank's Credit Card?
Axis Bank offers instantaneous loans to its customers at the most convenient conditions.
Here are some of the most amazing features of availing a loan on your Axis Bank credit card:
What is eligibility Criteria for Axis Bank Credit Card?
Will Axis Bank give me a credit card if I have a low CIBIL score?
Well, as mentioned above, the ideal score to apply and avail an Axis Bank credit card is 750. Any score below 750 can make you ineligible to apply for the same.
Does failure to pay my Axis Bank credit card dues affect my CIBIL score?
Yes, failure to make any payment or EMI due to the bank can adversely affect your credit ratings or your CIBIL score. All payments due towards credit availed have to be made within the time period specified by the bank.