Credit Card without CIBIL

[Jonas]

A friend of mine doesn't have any CIBIL history. Is there a way to get a credit card without it?

Has a savings account in ICICI.

 

[Sushubh]

FD based cards? They do essentially work like regular credit cards.

 

[Jonas]

I was thinking about the same, but banks do start offering CCs themselves when they see a certain average balance in an account. So just thinking to wait or get an FD based card.

 

[Sushubh]

i mean if he hasn't been offered a card from icici already, he is more or less out of luck. maybe try with OneCard. i assume fd based card would start his credit history so it would be a start. assuming your friend is not looking to make high value purchases immediately, a smallish fd should work fine to kickstart the process.

 

[Jonas]

Yep, not looking to making high value purchases. It's kind of funny they still don't have a credit history. A good portion of India still runs on cash.

 

[Lolita_Magnum]

Have barely been with Kotak for a year or so, and they regularly thrash me with credit card offers.

 

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[Sushubh]

Yeah. Smaller banks would do that. IDFC calls me every second week offering me a personal loan or credit card. This started happening after I shut down my account with them. ICICI would probably not bother unless you have a salary account with a proper company.

 

[Lolita_Magnum]

Kotak... is a small bank?

 

[Sushubh]

compared to sbi, icici, hdfc? lol i guess.

 

[socrates]

My experience is hdfc bank is faster in offering cc to people who have accounts with them. Icici was always a laggard in this except for a short duration when they were even standing in car parks & in front of toilets in movie theaters. But those days are long gone.