Minimum CIBIL Score Required for ICICI Credit Card

Last Updated : Feb. 15, 2025, 4:27 p.m.

There are various factors which are crucial for the approval of your credit card application like your income, occupation, work experience, and your age. While these factors are very crucial, the CIBIL score is probably the most important. For an ICICI credit card , even if you meet all the other eligibility criteria, your loan or credit card application may be rejected if you have a poor credit score. The minimum CIBIL score required for an ICICI credit card is 750. A score of 750 or above is considered excellent, and it creates confidence in the bank that you will repay your credit card bills on time. You are seen as an individual who handles your finances with responsibility and is regarded as low risk.

Key factors influencing the approval of ICICI Credit Card

The factors impacting the approval of ICICI Bank credit card are as follows. Let us understand these factors and how they can sometimes compensate for a lower CIBIL score.

• Type of credit card: Premium ICICI Bank credit cards need higher CIBIL scores and higher income levels as compared to basic or secured credit cards .

• Income Level: Having a higher income can sometimes make up for a lower credit score, indicating a better repayment capacity.

• Debt to income ratio: Your debt to income ratio shows the total amount of debt you owe compared to the total amount of money you earn each month. Even if your CIBIL score is low, a lower debt to income ratio improves your chances of getting an ICICI credit card approval.

• Credit history: A long, positive credit history means a higher CIBIL score and higher chances of credit card approval.

• Work Experience: Considering your employment, credit card issuers also regard your years of service in an organization. A steady job and work experience improves your chances of getting a credit card.

• Previous relationship: ICICI Bank prefers to give credit cards to those customers who have had a prior association with the bank. The bank is already aware of your income level, debts, repaying capacity, spending patterns, etc. Customers who have a good credit history with the bank and a good relationship are more likely to get approval for the ICICI Bank credit card.

5 Smart Ways to Improve Your CIBIL Score

Having seen the importance of the CIBIL score to obtain an ICICI bank credit card. Let us now understand how to improve or maintain your CIBIL score. Here are some smart tips.

• Make timely repayments: Your repayment history is the most important factor that contributes to your CIBIL score. It makes up to 35% of your CIBIL score. So, ensure to pay your credit card bills and loan EMIs on time. Even a single default will affect your credit score if it is already mediocre. Negative items also stay on your CIBIL credit report for a period of 7 years.

• Monitor your credit report regularly: Monitoring your credit report regularly will help you identify errors that may bring down your CIBIL score. Errors may include misplaced personal and account information, accounts active in your name but not opened by you (due to identity theft), duplicate accounts, etc. Once you find these errors out, you can raise a dispute with the credit bureau and rectify the discrepancies.

• Have a good credit mix: Having a good credit mix improves your CIBIL score. Having a variety of credit products on your credit report gives the impression to the lenders that you are capable of handling various types of credit products simultaneously. Also, ensure to have a balanced ratio between secured and unsecured loans.

• Do not apply for frequent credit in a short duration: Applying for multiple credit in a short duration triggers multiple hard inquiries which will affect your CIBIL score negatively. So, analyze well before applying for credit whether you really need it, and then go in for further credit. Also, space out your applications between a period of 6 months. Further, if your loan or credit card application is rejected, then do not re-apply immediately. Instead, analyze the cause for it and improve in those areas. If it has been due to your CIBIL score, then enhance it and then re-apply.

• Do not close old credit card accounts: You may have old credit card accounts with really excellent credit history in your CIBIL report. These accounts show your favorable association with lenders and also your creditworthiness. Removing these accounts will delete this positive credit history and also reduce the overall credit limit available.

Free CIBIL Score Check

Eligibility Criteria for Top ICICI Bank Credit Cards

The eligibility criteria for ICICI credit cards varies with each credit card. The eligibility criteria for top credit cards from the bank are as follows:

Know Your CIBIL Score Before Applying for ICICI Cards

If you are not familiar with your Cibil Score then you can check it on the official website of Wishfin. It will tell you the exact score that you are having and it depends on the payment record of your debts. So, you must see the steps involved to check your Cibil Score and see whether it is above or below 750.

• Go to the official website of Wishfin
• Then, go to the ‘CIBIL Score’ page
• Give your first name, middle name, and last name
• Give your date of birth and select gender
• Type your PAN card number
• Type the net monthly income you earn
• Enter your Employment status
• Give Employer’s name if in case you are salaried
• Type Contact details such as the mobile number and email address
• Accept the ‘Terms & Conditions’
• Finally, click on the ‘Submit’ button

Details You will Get After Checking Your Credit Score

After checking your Cibil Score on the website you will get the following information. It will tell you all the details related to your credit history of the credit cards you are using.

• A Summary of your Credit History.
• The name of the Applicant
• Social Security Number of the Individual
• Your existing credit cards.
• Your Running Loans
• The amount of money yet to be paid to the bank.
• Your Repayment history whether you are paying your bills on time or not.

Conclusion

Now you know the minimum Cibil Score Required for an ICICI credit card. So, before you apply for the ICICI Credit Card, you must make sure that your Cibil Score is 750 and above. The bank will give a quick approval for the card if you have a good credit score. But if your score is below 750 then the eligibility criteria will be strict and the bank might also give you a low credit limit.