Minimum CIBIL Score Required for Yes Bank Credit Card

Last Updated : Feb. 12, 2025, 5:41 p.m.

The CIBIL score is a 3 digit number that lies between 300 and 900. It summarizes your repayment history and reflects your creditworthiness. This numerical score helps lenders understand your reliability as a borrower, and the responsibility with which you can handle your finances. Your CIBIL score is an important factor when it comes to Yes Bank credit cards and is included in the eligibility criteria list set down by the bank. The higher the CIBIL score, the quicker is the approval of the credit card of your choice. The minimum CIBIL score required for Yes Bank Credit Card is 750. A score of 750 and above gives confidence to the bank that you will pay your credit card bills on time. Let us now understand the reasons why a CIBIL score of 750 and above is preferred.

Why Should You Have a CIBIL Score of 750 and Above?

Here are the reasons for a minimum CIBIL score of 750 and above:

Higher Chances for Credit Card Approval

A credit score of 750 and above gives you improved chances of getting your preferred credit card. It indicates to issuers that you are managing your funds responsibly and are less probable to default on your payments.

Equips you with the Power to Negotiate

Having a CIBIL score of 750 and above equips you with the power to negotiate with lenders for higher credit limits or for obtaining premium Yes Bank credit cards.

Quicker Processing of your Credit Card Application

When you have a strong CIBIL score, your credit card application gets approved quicker by Yes Bank. This is because the bank is confident that individuals with a robust credit score are less likely to default on their credit card bill payments.

Diverse Credit Portfolio

Having a good CIBIL score may mean that you are likely to have a credit mix in your portfolio. A credit mix can include installment loans, revolving credit like credit cards, and mortgages. Also, there should be a balanced ratio between secured and unsecured loans. Having a credit mix demonstrates to lenders that you are capable of handling various types of credit with responsibility simultaneously.

Higher Benefits

Issuers will provide you with favorable benefits if you have a good credit score. This is because your robust credit score demonstrates to the person that you will be able to repay on time, maintain a credit utilization ratio less than 30%, and also maintain a balanced credit mix.

Credit Utilization Ratio

Maintaining a credit utilization ratio less than 30% suggests that you are using the available credit limit judiciously and are not overdependent on credit. So, a high credit score of 750 and above means a low credit utilization ratio within 30%. This instills confidence in the lender that they can sanction a credit card with confidence.

Free CIBIL Score Check

Tips to Improve Your CIBIL Score

• Timely repayment of Dues: To maintain a good credit score, it is essential to repay your EMIs and credit card bills on time.
  
• Avoid being a guarantor: Being a guarantor for high risk borrowers is not a good idea. If the primary borrower defaults on payments, then it will affect you as well. So, analyze the borrower’s financial history before you become a guarantor.
  
• Avoid Applying for multiple loans: Applying for multiple loans within a short duration will trigger multiple hard inquiries which will lead to a drop in your CIBIL score. Hence, analyze whether you need further credit before applying for it.
  
• Maintain a low credit utilization ratio: Maintain a low credit utilization ratio (CUR) within 30% or 40%. Credit utilization ratio is defined as the percentage of credit limit used from the available credit limit. A low CUR will gradually lead to an improved credit score.
  
• Monitor your credit activity: Check your CIBIL report periodically to ensure that your CIBIL score is not dropping due to errors on your report. If you identify such errors, you can raise a dispute with TransUnion CIBIL and get it rectified.

Check your CIBIL report for free on Wishfin and improve your credit score.

Calculation of the CIBIL Score

You can make use of the Wishfin Cibil Score calculator to know your exact Cibil Score. If you find that your score is qualifying the target of 750 then you can easily apply for the credit card . You must follow the steps given below to calculate the Cibil Score.

• Open Wishfin’s official website
• Visit the ‘CIBIL Score’ page on that website
• Give your first name, middle name, and last name
• Give your date of birth and select gender
• Type your PAN card number
• Provide the net monthly income you earn
• Enter your Employment status
• Give 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

You will get the following information after checking the Cibil Score through Wishfin Cibil Calculator. You can use these details to determine repayment history. If your Cibil Score is 750 and above then you can easily apply for the Yes Bank Credit Card .

• 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.

Other Eligibility Criteria for Yes Bank Credit Cards

• Age: Must be between 21 and 60 years

• Income: Must have a stable source of income. Salaried individuals must earn at least Rs. 25,000 per month and self-employed individuals must earn at least Rs. 5 lakhs per year.

• CIBIL Score: Have a good CIBIL score of 750 or above.

• Resident: Only a resident of certain Indian cities can apply for this credit card.

• Documents required: Documents like income proofs (Salary slips, bank statements, IT returns, etc.), passport sized photographs, and the filled out application form must be furnished.

Conclusion

Now you know that the minimum Cibil Score Required for Yes Bank Credit Card is 750 and above. But you can also apply for the credit card at a score between 700 to 750 but the credit limit of that card might be low and the eligibility criteria might be strict. So you must have a Cibil Score of at least 750 to enjoy an easy approval for your credit card information.