Having a low credit score can make it difficult to get a traditional credit card, as lenders prefer applicants with strong financial histories. A poor credit or low CIBIL score signals potential risk to banks, often leading to higher interest rates, lower credit limits, or rejection. However, that doesn’t mean you’re out of options. There are specialized credit products designed to help individuals with poor credit regain financial stability.
By choosing the right credit card for a low CIBIL score, practicing responsible usage, and gradually improving your credit behavior, you can rebuild your credit score over time. If you want to explore different credit options, check out our guide on How to Get a Credit Card without Credit Score.
Why Do You Need a Good Credit Score?
A credit score is a key financial indicator that influences your ability to borrow money, secure favorable interest rates, and access various financial products. Lenders, landlords, and even some employers use credit scores to assess financial responsibility. A good credit score can help you:
- Qualify for Credit Cards & Loans – A high credit score increases approval chances for loans and credit cards.
- Secure Lower Interest Rates – Borrowing money becomes more affordable with a good credit history.
- Increase Credit Limits – Banks may offer higher credit limits based on a strong repayment record.
- Improve Rental & Job Prospects – Some landlords and employers check credit scores before making a decision.
- Lower Insurance Premiums – Certain insurers use credit scores to determine premium rates.
Generally, a credit score above 700 is considered good, while a score below 650 is poor. If you have a low score, don’t worry—there are still ways to get a credit card and improve your credit profile.
Best Credit Card Options for a Low CIBIL Score
1. Apply for a Secured Credit Card
A secured credit card requires a refundable security deposit as collateral, with a credit limit equal to the deposit amount. These are ideal for those with a low credit score or no credit history.
| Best Secured Credit Cards | Annual Fee | Minimum Deposit Required |
| SBI Card Unnati | No annual fee for first 4 years | â‚ą25,000 |
| ICICI Bank Instant Platinum Card | No annual fee | â‚ą20,000 |
| Axis Bank Insta Easy Credit Card | No annual fee | ₹5,000 – ₹5,555 |
| HDFC Bank MoneyBack+ Credit Card | â‚ą500 | â‚ą20,000 |
Alternative Credit Cards for Low CIBIL Scores
Some banks and fintech companies offer credit cards for low credit scores without requiring collateral:
- OneCard Credit Card – A digital-first credit card with low approval requirements.
- RBL Bank SuperCard – A credit card designed for those with no or low credit scores.
To compare different types of credit options, check out How to Get a Credit Card without a CIBIL Score.
Can I Get a Loan Against My FD to Build Credit?
Yes, you can get a loan against FD without breaking your deposit. Banks allow you to borrow up to 90% of your FD amount at interest rates lower than personal loans. This is a great way to access credit while keeping your savings intact. Learn more about FDs in our guide on What is Fixed Deposit (FD) – Full Form, Meaning & Features.
How to Improve Your Credit Score for Better Credit Card Offers
Even if you get a credit card with a low CIBIL score, working towards improving your credit can help you access better credit cards, lower interest rates, and higher credit limits in the future. Follow these steps:
- Pay Bills on Time: Always pay your credit card and loan EMIs before the due date.
- Maintain Low Credit Utilization: Using less than 30% of your total credit limit can improve your score.
- Monitor Your Credit Report: Check your CIBIL report regularly and dispute any errors.
- Diversify Credit Mix: Consider a mix of secured and unsecured credit to build a strong profile.
For a step-by-step guide, read How to Boost Your CIBIL Score from 300 to 750.
Conclusion
A low credit or CIBIL score doesn’t mean you can’t get a credit card. By opting for a secured credit card, alternative low-score credit cards, or improving your credit habits, you can gradually rebuild your creditworthiness. Over time, responsible financial behavior will help you unlock better financial products, higher credit limits, and lower interest rates. If you’re still unsure how to get a credit card with a low credit/CIBIL score, follow these steps and explore various options available to find the right credit card for you.
For more investment insights, check out How to Boost Your CIBIL Score from 300 to 750.
