First CC without credit history

[nini]

Hi ,I am Nini.
I came to know about this technofino community from twitter.
Absolutely Amazing. Reading responses for quite some time.
Now made up mind that 'i also need a credit card' and that too in few months.
I don't have any history in cibil neither do my parents, siblings.
All i have a SBI bank account and a job in Govt setup since two months which give me around 90k pm inhand.
Panjab bank wanted me to keep 3L in saving account for some yellow card.
I do not want any FD , huge NRV , savings balance ( most of my salary would be invested )
Is there any way to get any entry level credit card to build history

There are threads, that do cater to newbies,but most of them say you need to give initial funding to bank.
Is it true?

Ps- I am in mid 20s and tier 3 city of UP ( if that helps)

 

[Nishan11]

Hi ,I am Nini.
I came to know about this technofino community from twitter.
Absolutely Amazing. Reading responses for quite some time.
Now made up mind that 'i also need a credit card' and that too in few months.
I don't have any history in cibil neither do my parents, siblings.
All i have a SBI bank account and a job in Govt setup since two months which give me around 90k pm inhand.
Panjab bank wanted me to keep 3L in saving account for some yellow card.
I do not want any FD , huge NRV , savings balance ( most of my salary would be invested )
Is there any way to get any entry level credit card to build history

There are threads, that do cater to newbies,but most of them say you need to give initial funding to bank.
Is it true?

Ps- I am in mid 20s and tier 3 city of UP ( if that helps)

Govt employee can easily get card by SBI & Bank Of Baroda by applying offline with salary slips, salary credit bank statement for 3 months & ITR.

It's better to get SBI card first in your journey as they don't issue card later if you have more credit cards in portfolio as they may consider you over leverage.

Note :- In case you still don't get card, then take a small loan of around 10k-15k for buying any appliances or gadgets for yourself or family by bajaj finance or similar firms. Take duration of loan for 6-7 month minimum, as 6 months loan will create your cibil score. After that you will have cibil history to apply credit cards.

 

[Riya Sharma]

Open a HDFC SavingsMax account and keep all of your extra cash in it. Should get a pre-approved offer in 6 months. Take only the core cards and above Millenia.

 

[nini]

Govt employee can easily get card by SBI & Bank Of Baroda by applying offline with salary slips, salary credit bank statement for 3 months & ITR.

It's better to get SBI card first in your journey as they don't issue card later if you have more credit cards in portfolio as they may consider you over leverage.

Note :- In case you still don't get card, then take a small loan of around 10k-15k for buying any appliances or gadgets for yourself or family by bajaj finance or similar firms. Take duration of loan for 6-7 month minimum, as 6 months loan will create your cibil score. After that you will have cibil history to apply credit cards.

Thank you for the response.
You mean SBI would provide CC solely on basis of salary slips?
Which card in particular should i ask?

Also the SBI bank here is too small (i mean imagine 100 customer in total😭) would it dent my offline application?

 

[nini]

Open a HDFC SavingsMax account and keep all of your extra cash in it. Should get a pre-approved offer in 6 months. Take only the core cards and above Millenia.

Hi , overdose

Don't have HDFC branch nearby
Plus 6 months wait is looong

 

[LimaT]

You can start with secured credit card, if you didn't get any unsecured card. That's how I started my CC journey.

 

[nini]

You can start with secured credit card, if you didn't get any unsecured card. That's how I started my CC journey.

In how much time you get unsecured after secured?

 

[peregrine0falcon]

Go for SBI or BOB. They provide credit cards to any city or village.

 

[nini]

Go for SBI or BOB. They provide credit cards to any city or village.

Thank you..

Do i need BOB account for this?
And offline application would be good?

 

[Riya Sharma]

Hi , overdose

Don't have HDFC branch nearby
Plus 6 months wait is looong

well, they are the only ones who reliably provide pre-approved cards to people without CIBIL. Another one is Axis. I got my Axis card pre-approved in 2 months after opening account.

 

[LimaT]

well, they are the only ones who reliably provide pre-approved cards to people without CIBIL. Another one is Axis. I got my Axis card pre-approved in 2 months after opening account.

Yes, I agree with You. In Axis you can open account and while opening ask them for CC, they will help.

 

[LimaT]

In how much time you get unsecured after secured

About six months with ICICI.

 

[Nishan11]

Thank you for the response.
You mean SBI would provide CC solely on basis of salary slips?
Which card in particular should i ask?

Also the SBI bank here is too small (i mean imagine 100 customer in total😭) would it dent my offline application?

I am state govt officer too. I used the above method to create my cibil history before covid.

You can apply SBI SimplyClick as beginner by giving salary slip, ITR & salary account statement. Best wishes.

If they don't budge, then take secure fd for cibil creation or small loan for gadget/appliance from any firm for atleast 6-7 months. 6 month is minimum for cibil creation.

 

[peregrine0falcon]

Thank you..

Do i need BOB account for this?
And offline application would be good?

No need for account. You can apply offline.

 

[nini]

Thank you folks.

 

[newinnov]

Hi ,I am Nini.
I came to know about this technofino community from twitter.
Absolutely Amazing. Reading responses for quite some time.
Now made up mind that 'i also need a credit card' and that too in few months.
I don't have any history in cibil neither do my parents, siblings.
All i have a SBI bank account and a job in Govt setup since two months which give me around 90k pm inhand.
Panjab bank wanted me to keep 3L in saving account for some yellow card.
I do not want any FD , huge NRV , savings balance ( most of my salary would be invested )
Is there any way to get any entry level credit card to build history

There are threads, that do cater to newbies,but most of them say you need to give initial funding to bank.
Is it true?

Ps- I am in mid 20s and tier 3 city of UP ( if that helps)

HDFC used to provide Moneyback card with salary a/c ask for that from your BM.
Don't apply SBI as First card high chance of rejection.
Bob pnb indian bank will approve easily.

 

[Kumar93196]

If you are totally new to credit you can apply for indusind bank cc via agent it will be approved easily.
Or buy something on emi via offline route and pay the emi after 3/4 months your cibil will be generated and you can easily take any bank cc

 

[nini]

If you are totally new to credit you can apply for indusind bank cc via agent it will be approved easily.
Or buy something on emi via offline route and pay the emi after 3/4 months your cibil will be generated and you can easily take any bank cc

Thank you so much..

 

[NewPlayer]

If you are considering secured card then, IDFC Wow ( Lifetime Free) can be applied online with 10k FD with around 7% interest.
And along with that with 199+GST fee you can get IDFC rupay card also.
In few months you will have Cibil score for applying other better cards online.

 

[nini]

If you are considering secured card then, IDFC Wow ( Lifetime Free) can be applied online with 10k FD with around 7% interest.
And along with that with 199+GST fee you can get IDFC rupay card also.
In few months you will have Cibil score for applying other better cards online.

Some one this forum said , once you get IDFC WOW , they won't give other idfc cards in future..

Thank you anyways