Minimum CIBIL Score Required for SBI Credit Card

Last Updated : Feb. 15, 2025, 4:16 p.m.

The CIBIL score is one of the key factors considered by SBI while approving any new credit card or deciding on the maximum credit limit to be sanctioned. It helps lenders evaluate the creditworthiness and loan repaying capacity of the potential borrower, thus protecting lenders from high risk borrowers. A minimum CIBIL score of 750 and above is required for SBI credit cards .

What is a good CIBIL Score for SBI Credit Card?

CIBIL score is a 3 digit number that is in the range of 300 to 900, and it is shown in the credit report generated by TransUnion CIBIL, which is one of the 4 credit bureaus in India (Equifax, Experian, and CRIF HighMark being the other 3).

A CIBIL score of 750 and above is considered an excellent credit score, and it leads to swift approval of your loan or credit card application. It also equips you with the power to negotiate with SBI for a higher credit limit or lower interest rate for your SBI credit card.

A CIBIL score in the range of 550 and 749 is considered a mediocre score with a certain amount of risk to the lender. But, you can still get your SBI credit card application approved if you satisfy the other credit card eligibility criteria set by SBI.

A score below 550 indicates that you are a high risk borrower who is not responsible financially. Lenders are not confident of your repaying abilities. SBI will not approve your credit card for such a low credit score.

Tips to Improve Your CIBIL Score

Here are some important tips to improve your CIBIL score in order to get your SBI credit card approved.

• Pay your loan EMIs and credit card bills on time: Your repayment history makes up to 35% of your CIBIL score. It is the most important factor impacting your credit score. Timely repayments help in building a great credit score and then maintaining it.

• Check your credit report regularly: By checking your CIBIL report regularly, you can identify errors that bring down your CIBIL score. You can then raise a dispute with TransUnion CIBIL and get them rectified.

• Maintain a credit utilization ratio within 30% or 40%: The credit utilization ratio or CUR is defined as the percentage of credit used from the available credit limit. Experts recommend a CUR within 30% or 40% for a good credit score. For a really high score, you should have a very low CUR within 10%. A very high CUR is greatly detrimental to your CIBIL score.

• Do not close old credit cards: Do not close old credit cards with good credit history. These accounts show your long term association with lenders and also reflect your creditworthiness. Closing old credit cards will lead to loss of credit limit and also reduce the age of credit history.

• Do not apply for multiple credit products in a short duration: Applying for multiple credit products in a short duration of time triggers multiple hard inquiries. This leads to a reduction in your credit score. Hence apply for credit only when required. Also space out your applications with a minimum period of 6 months.

• Have a credit mix: It is essential to have a diverse portfolio of credit like instalment loans, revolving credit like credit cards, mortgages, etc. It is also important to have a balanced ratio between secured and unsecured loans. Seeing your diverse credit portfolio, lenders get the confidence that you will be able to handle multiple types of credit simultaneously.

Benefits of Having a good CIBIL Score for SBI Credit Cards

A good CIBIL score gives various benefits to credit card applicants, and these are as follows:

• You will be eligible to have premium SBI credit cards with attractive offers
• You will be eligible for a higher credit limit thus giving you more money to spend.
• You can negotiate for a lower rate of interest.
• You will get approval for an SBI credit card swiftly and also an additional SBI credit card.

Free CIBIL Score Check

Other Eligibility Criteria for SBI Credit Cards

• Age: The minimum and maximum age limits for the applicants to avail a credit card are 21 and 70 years respectively.
• Credit Score: A credit score of 750 and above is preferred. Further, you should not have any defaults in your credit history.
• Regular income: You must have a steady flow of income to obtain an SBI credit card. Your income must fulfil the minimum salary eligibility criteria of the SBI credit card that you are applying to. Premium credit cards usually have a high income requirement when compared to entry level credit cards.
• Documentation: You must be able to provide a valid proof of identity, address, and income. The set of documents may vary according to the SBI Credit Card and the occupation type.

Check Your CIBIL Score Before Applying for the SBI Credit Card

It is necessary to know your Cibil Score before you apply for the SBI Credit Card. If you find that your Cibil Score is 750 and above then you should immediately apply for the credit card and get quick approval. You can use the Official website of Wishfin to know your exact Cibil Score.

• Visit the official website of Wishfin
• Go to the ‘CIBIL Score’ page
• Type your first name, middle name, and last name
• Give your date of birth and select gender
• Enter your PAN card number
• Enter the net monthly income you earn
• Provide your Employment status
• Type Employer’s name if in case you are salaried
• Provide 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

Once you have checked your Cibil Score for the Credit Card , you will get the following details related to your credit history.

• 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 that the minimum Cibil Score Required for the SBI credit card is 750. In some conditions, the bank can issue you a card even if you have a Cibil Score less than 750 but they will give you a low credit limit and high interest will be charged on the card. So, make sure that you have a Cibil Score of 750 and above if you are willing to get an SBI Card.