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Standard Chartered Bank is one of the leading foreign banks operating in India. The bank offers a wide range of financial products and services to its customers. To begin with, Standard Chartered Credit Cards are quite popular among the working class in Indian. The main attraction is the double benefits and rewards which come with the credit card.
Shopping, cashback, exclusive membership, 360 rewards, double benefits, contactless feature, good life programme and the list goes on and on. You name it and they have it. But everyone cannot avail a Standard Chartered Bank Credit Card, as there are certain eligibility criteria which has to be met. Read more to find out.
A CIBIL score is a credit score generated by TransUnion CIBIL, a credit rating bureau. This score is an indicator of your current credit healthy and applicability. The score ranges from 300-900 and highlights your creditworthiness to any credit institutions or bank. When you apply for a credit card, post KYC verification, the bank seeks your CIBIL score. Standard Chartered Bank also follows this system of verification while processing a credit card application. A score of 700 plus is the general requirement by Standard Chartered Bank for a credit card application. This means that if you do not have a CIBIL score of 700 plus, you will not be issued a credit card. Therefore, it is very important to have a high CIBIL score, if you seek a credit card from Standard Chartered Bank.
Eligibility The eligibility criteria is different for individuals who seek a new application without any relationship with the bank and for those who already have a bank account or card with Standard Chartered Bank .
What if I have a low CIBIL score, will Standard Chartered Bank Credit Card give me a credit?
No, you need to have a credit score of 700 plus in order to be eligible for a Standard Chartered Bank Credit Card.
Does skipping a Standard Chartered credit card payment affect my CIBIL score?
Yes, missing even a single payment or EMI on your Standard Chartered Bank Credit Card will have a negative impact on your credit score.
Had a loan settlement with Standard Chartered credit card, will it affect my CIBIL score?
Yes, if you have successfully settled your loan account, it will improve your credit score as you have cleared all your outstanding payments.
Can I get more than 3 Standard Chartered credit cards if I have a good CIBIL score?
Yes, your CIBIL Score, earning source and monthly earnings play a major role in deciding how many credit cards you can hold.
Can I get a Loan on Standard Chartered Bank Credit Card?
Yes, you can avail a loan on your Standard Chartered Bank Credit Card with an option to convert the payback amount into easy EMIs. You can avail the following types of loans on your Standard Chartered Bank Credit Card.
What are benefits and features of Standard Chartered Bank Credit Card?