Minimum CIBIL™ score required for ICICI credit card

What is the minimum CIBIL™ score needed for ICICI credit cards?

ICICI bank issues credit cards based on certain guidelines set by the bank. Among these guidelines, the credit score issued by CIBIL™ is provided huge weightage while issuing the credit cards. The bank requires the applicants to have a minimum credit score of 750 to be eligible for the credit cards of the bank.

A person having a credit score of 750 or above will easily get the issue of credit cards of the bank and can also have a chance to negotiate the credit card charges that are levied by the bank.

A person having a credit score lower than 750 finds it difficult to get the credit cards of the bank. Also, if the bank decides to issue the credit cards to such applicants, the credit limit may be lower and the chances to negotiate the credit card charges may not be feasible.

Additional Reading: How much of a CIBIL™ score is required for a credit card

About ICICI Credit Cards

Credit cards have become a useful financial tool for millions across the globe. It’s often referred to as plastic money that can be used by anyone to perform cashless transactions. The push for digital India and the multiple advantages of credit cards in the modern and global world has ensured a steady rise in the number of credit cardholders in the country. Credit cards are one of the most profitable products of any bank. ICICI Bank is among the numerous banks that provide many types of credit cards for its customers.

ICICI Bank is among one of the top names in the banking sector. It is a private sector bank that has many unique banking solutions that can be accessed by its customers across the globe. The bank provides many types of products and services for its retail banking, NRI banking and corporate banking customers. The credit cards issued by the bank are of many variants and

What are the types of credit cards issued by ICICI Bank?

ICICI Bank issues many types of credit cards for its customers depending on their needs and the credit limit that can be sanctioned to them. The types of credit cards issued by the bank are mentioned below,

Instant credit cards

Special credit cards

• Coral credit card
• Sapphiro credit card
• Rubyx credit card
• Platinum credit card

Co-Brand credit cards

• MakeMytrip credit card
• Manchester United credit card
• HPCL credit card
• Accelero credit card

Featured credit cards

• Expressions credit card
• Emerald credit card
• Unifare metro credit card
• Credit card against Fixed Deposit
• NRI credit card

Other credit cards

• Diamante credit card
• Secured credit card
• Amazon Pay credit card
• InterMiles credit card

What is the CIBIL™ score?

CIBIL™ is one of the four certified credit rating agencies in India that are allowed to issued credit scores to individuals and business entities. The other credit rating agencies in India are,

• Equifax
• Experian
• CRIF Highmark

Credit scores issued by CIBIL™ are referred by ICICI bank while considering an application for the issue of new credit cards or loan applications. The credit score issued by CIBIL™ is a three-digit number in the range of 300 to 900. Of these scores, the credit score of a person nearing 900 is considered to be good and preferred by the bank for extending a line of credit. A credit score nearing 300 is considered to be bad and adverse by the lenders. Such a score alerts the lenders of the potential risk in issuing a line of credit. This risk may be default or delay in payment of credit card dues.

CIBIL™ score required for ICICI credit card FAQs