Credit Cards for Low CIBIL Score in 2024

Are you one of those frequently wondering if there's a credit card for low CIBIL score? If so, you're not alone. Many individuals in India face challenges when it comes to obtaining a credit card due to a low CIBIL score. In this comprehensive guide, we'll delve into the details of credit cards available for individuals with a poor CIBIL score, how to improve your CIBIL score, and why having a good CIBIL score is essential.

What is a CIBIL Score?

A CIBIL score is a three-digit number ranging from 300 to 900 that represents your creditworthiness. It is calculated by the Credit Information Bureau of India Limited (CIBIL) based on your credit history, which includes factors such as your payment history, credit utilization ratio, length of credit history, and types of credit accounts. A higher CIBIL score indicates a lower risk to lenders, making it easier to get approved for loans and credit cards with favorable terms.

Difference Between Credit Score and CIBIL Score

While the terms "credit score" and "CIBIL score" are often used interchangeably, there is a subtle difference. A credit score is a general term that can refer to any credit score calculated by major credit bureaus such as Equifax, Experian, TransUnion, and CIBIL. A CIBIL score, on the other hand, is specifically calculated by CIBIL. In India, the CIBIL score is the most widely recognized and used credit score by lenders.

Minimum CIBIL Score for Credit Card

The minimum CIBIL score required for a credit card varies by issuer. Generally, a score of 650 or higher is considered favorable. However, if your CIBIL score is below 650, you may still be able to get a credit card, but you might have to pay higher interest rates and fees. Some banks and financial institutions offer credit cards specifically designed for individuals with poor credit scores or no credit history.

Best Credit Cards for Low CIBIL Score in 2024

Here are some of the best credit card options for individuals with a low CIBIL score in India:

1. SBI Advantage Plus Credit Card

The SBI Advantage Plus Credit Card is a globally accepted credit card secured against fixed deposits. This card does not require a specific CIBIL score for approval, making it an excellent choice for those with poor credit history.

Key Highlights:

  • Credit Limit: Up to 85% of your total fixed deposit.
  • Cash Withdrawals: Available at ATMs worldwide.
  • Add-on Cards: Available for family members.
  • EMI Facility: Convert transactions into EMIs through Flexipay.

Fees and Charges:

  • Annual Renewal Fee: Rs. 500 per annum.
  • Interest Charges: 2.25% per month or 27% per annum.
  • Late Payment Charges: Up to Rs. 750 depending on the spending amount.

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2. HDFC Money Back Credit Card

The HDFC Money Back Credit Card can be obtained based on your salary, making it accessible to individuals working on improving their creditworthiness. There are no specific CIBIL score requirements for this card.

Key Highlights:

  • Reward Points: Earn 2 reward points for every Rs. 150 spent.
  • EMI Conversion: Convert expenditures into EMIs with the SmartEMI option.
  • Lost Card Liability: No liability once the card is reported lost.

Fees and Charges:

  • Joining Fee: Rs. 500.
  • Annual Renewal Fee: Rs. 500.
  • Minimum Amount Due: 5% of the total outstanding amount.
  • Late Payment Fee: Up to Rs. 750.
  • Over Limit Charge: Minimum of Rs. 500.

3. Axis Bank Insta Easy Credit Card

The Axis Bank Insta Easy Credit Card is available against your salary or fixed deposit, offering a streamlined application process with minimal documentation.

Key Highlights:

  • Credit Limit: Up to 80% of your Fixed Deposit amount.
  • Fuel Surcharge Waiver: 1% waiver on fuel transactions.
  • Cash Withdrawals: Up to 100% of your credit limit.
  • No Joining or Annual Fees: Enjoy the benefits without any fees.

Fees and Charges:

  • Interest Rate: 2.50% per month or 34.49% per annum.
  • Late Payment Fee: Up to Rs. 700.

How to Increase CIBIL Score Without Credit Card

Improving your CIBIL score without a credit card is possible by following these tips:

1. Pay Bills on Time and in Full

Timely payment of bills, including rent, utilities, and other recurring expenses, is crucial for maintaining a good credit score.

2. Get a Secured Loan

A secured loan requires collateral, such as a savings deposit or a car. Timely repayment of such loans can positively impact your credit score.

3. Become an Authorized User

If you become an authorized user on someone else's credit card, their positive payment history can help improve your credit score.

4. Get a Credit Builder Loan

Credit builder loans are designed to help individuals build their credit history. Regular, timely payments on these loans are reported to credit bureaus, aiding in credit score improvement.

Key Takeaways

  • Pay Bills On Time: This is the most crucial factor for a good credit score.
  • Consider Secured Credit Options: Secured credit cards and loans can help build your credit.
  • Check Your Credit Report Regularly: Ensure there are no errors that could negatively impact your score.
  • Limit New Credit Applications: Too many applications in a short period can harm your credit score.

When looking for a credit card suitable for a low income, particularly for those earning below Rs. 25,000 per month in India, it's essential to choose one that offers good benefits without high fees. Here's a list of some of the best low-income credit cards in India for 2024, including their features and eligibility criteria:

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4. YES Bank Prosperity Reward Plus Credit Card

  • Annual Fee: Rs. 499
  • Features:
    • 6 Reward Points for every Rs. 200 spent on Grocery Stores & Supermarkets.
    • 4 Reward Points for every Rs. 200 spent on other categories.
    • Fuel surcharge waiver.
  • Eligibility: Minimum income of Rs. 25,000 per month.

5. SimplyCLICK SBI Card

  • Annual Fee: Rs. 499 (Waived on yearly spends of over Rs. 1 lakh)
  • Features:
    • 10 Reward Points on online spends at partner stores.
    • 1% fuel surcharge waiver.
    • Option to convert transactions above Rs. 2,500 to EMI.
  • Eligibility: Minimum income of Rs. 18,000 per month.

6. SimplySAVE SBI Card

  • Annual Fee: Rs. 499 (Waived on yearly spends of over Rs. 1 lakh)
  • Features:
    • 10 Reward Points on spends at departmental stores, grocery, dining, and movies.
    • 1% fuel surcharge waiver.
    • Option to convert transactions above Rs. 2,500 to EMI.
  • Eligibility: Minimum income of Rs. 18,000 per month.

7. HDFC Bharat CashBack Card

  • Annual Fee: Rs. 500 (Waived on yearly spends of over Rs. 50,000)
  • Features:
    • 5% cashback on rail bookings, fuel, bill payments, and recharges.
    • Accidental death insurance of up to Rs. 50 lakhs.
    • Fire and burglary protection for goods.
  • Eligibility: Minimum income of Rs. 12,000 per month.

8. HDFC Freedom Card

  • Annual Fee: Rs. 500 (Waived on yearly spends of over Rs. 60,000)
  • Features:
    • 25X reward points on birthday spends.
    • 10X reward points on SmartBUY and PayZapp.
    • 1% fuel surcharge waiver.
  • Eligibility: Minimum income of Rs. 12,000 per month.

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9. SBI Tata Titanium Credit Card

  • Annual Fee: Rs. 499
  • Features:
    • 5% value back on spends at Tata outlets.
    • 3X reward points on departmental and grocery store spends.
    • 1 reward point for every Rs. 100 spent on other categories.
  • Eligibility: Minimum income of Rs. 15,000 per month.

Application Process

You can apply for these credit cards online through platforms like BankBazaar or by visiting the respective bank's website. The typical process involves:

  1. Checking Eligibility: Ensure you meet the income and age criteria.
  2. Filling Application Form: Complete the application form with personal and financial details.
  3. Document Submission: Upload necessary documents such as identity proof, address proof, and income proof.
  4. Verification: Wait for the bank to verify your application and documents.
  5. Approval and Delivery: Once approved, the credit card will be delivered to your address.

Required Documents

  • Identity Proof: PAN Card, Voter ID, Driving License, etc.
  • Address Proof: Passport, Aadhaar Card, Utility Bill, etc.
  • Income Proof: Latest salary slip for salaried individuals or Income Tax Returns for self-employed individuals.


While selecting a credit card, consider the following:

  • Annual Fees: Some cards have waived fees based on spending thresholds.
  • Rewards and Benefits: Choose a card that offers rewards or cashback on categories you frequently spend on.
  • Eligibility Criteria: Ensure your income meets the minimum requirement to avoid rejection.
  • Interest Rates: Check the interest rates on overdue payments, which can vary significantly between cards.

These credit cards are tailored for low-income individuals, offering benefits and rewards without high fees, making them accessible and beneficial for daily use.


Obtaining a credit card with a low CIBIL score can be challenging, but it's not impossible. By exploring secured credit cards and focusing on improving your credit score, you can access better financial products in the future. Remember, a higher CIBIL score opens up more opportunities for favorable credit terms and interest rates. Start improving your credit score today by paying bills on time, managing your credit responsibly, and considering the credit card options available for low CIBIL scores in 2024.