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The IndusInd Bank is one of the most well-known banks in India that provide a wide range of financial services. The bank offers an assortment of credit cards that come with attractive offers. Credit cards are like a small loan taken from the bank which needs to be repaid before a certain deadline to avoid interest and other charges. IndusInd Bank has a large variety of credit cards to offer and that makes them a prominent credit provider of the country. Some types of IndusInd credit cards are:
If you need a credit card, you can choose the various offers from IndusInd Bank. However, there are certain requirements and eligibility criteria imposed by the bank that you will have to meet. If you are not aware of CIBIL requirements for IndusInd credit card, don't worry. This article will guide you through the entire process. It will explain the importance of CIBIL score for receiving IndusInd credit card and then inform you about how to improve CIBIL score to receive credit cards without any issues.
CIBIL assesses your credit history and provides a score in the range of 300 to 900. Naturally, higher the score, the better are your chances to getting the IndusInd credit card. Your CIBIL score carries a lot of importance when it comes to receiving credit from banks and financial institutions. A higher score is an indicator that the person does their credit card/loan payments on time and therefore can successfully afford to have a credit card. This three-digit score is a measure of your trustworthiness to the bank where you have applied for a credit card. When you apply for an IndusInd credit card, the bank will perform a background check of your credit history in partnership with CIBIL. Since CIBIL has the latest records of your credit dealings, it prepares a CIR (Credit Information Report) and gives out a CIBIL score. Based on this score, the bank will then evaluate your current outstanding payments and your ability to pay them while having a credit card. If you successfully meet their eligibility criteria, the bank will approve your credit card application and you will get IndusInd credit card.
IndusInd bank provides an assortment of credit cards fitting the requirements, preferences, and affordability of all kinds of customers. They even provide credit cards that are tailored to meet the requirements of individual customers. If you meet IndusInd credit cards eligibility requirements and successfully submit all the required documents, you can easily get IndusInd credit card. The best IndusInd credit cards are:
While the process of applying for an IndusInd credit card is relatively very simple, the problem is that your credit card application can be rejected due to certain reasons. Therefore, it is wise to know about them in advance and take steps to ensure that your IndusInd credit card application is successfully accepted and you receive it fast.
Can I get a loan on IndusInd credit card?
Yes, you can get a loan against your IndusInd credit card.
What is the Eligibility criteria for getting IndusInd credit card?
You must be atleast 18 years of age with all the relevant documents to be eligible to get a credit card from IndusInd Bank. Your income must be suitable for the applied card and must have a great credit history and a good CIBIL score.
Will the bank give me a credit card if I have a low CIBIL score?
No, the bank will reject your credit card application if you have a low CIBIL score.
Does skipping a payment for IndusInd credit card affect my CIBIL score?
Yes. If you skip the payment for your card, the bank will forward this information to CIBIL and therefore, lower your CIBIL score.
Had a loan settlement with the IndusInd bank, will it affect my CIBIL score?
Loan settlement with the bank will positively affect your CIBIL score, since it will lower the amount of credit you owe to the bank.
Can I get more than three IndusInd bank credit card if I have a good CIBIL score?
If you have an exceptional CIBIL score, you can get three cards or even more from the same issuer. But it is not recommended as it can damage your CIBIL score, if you fail or falter in making their payments on time.