SUSHANT RAJ
Are you having issues getting a credit card due to your low credit score? Having poor credit scores can be difficult to improve and doesn’t help you in having a credit card and enjoying the rewards.
However, you can replenish your score in a few ways. Secured credit cards are an easy way to get a credit card and are also ideal for improving your credit score.
To boost your credit score, read 3 Ways to Boost Your Credit Score
The following are some of the best credit cards with a bad credit score in 2023.
Customers having a bad credit score can apply for the Advantage Plus credit card, which is a basic card offered by the State Bank of India.
It is available with a minimum annual fee and joining fee, and is specifically curated for all your shopping needs. It is accepted worldwide and offers several other benefits as well.
Types of Charges Sum Annual Fee Rs.500 Minimum amount due 5% of the total outstanding amount subject to a minimum of Rs.200 Add-on card fee Nil Finance charges 2.25% per month Interest-free credit period 20-50 days Cash advance fee at SBI ATMs or other ATMs 2.5% of the transaction amount subject to a minimum of Rs.300 Payment dishonor fee 2% of the payment amount is subjected to a minimum of Rs.350. Types of Charges Sum Renewal fee Rs.500 Cash advance limit Up to 80% of the credit limit Charge slip retrieval Rs.225 per charge slip Cheque pickup fee Rs.90 Late payment charges For a total amount due between Rs.0 and Rs.200 – Nil
Between Rs.200 and Rs.500 – Rs.100
Between Rs.500 and Rs.1,000 – Rs.400
Between Rs.1,000 and Rs.10,000 – Rs.500
More than Rs.10,000 – Rs.750
Statement retrieval Rs.100 per statement Foreign currency transaction 3.5% Types of Charges Sum Cash advance fee at international ATMs 3% of the transaction amount subject to a minimum of Rs.300. Card replacement Rs.100 Cash payment fee Rs.100 Railway ticket fee 1.8% of the transaction cost + GST Fuel surcharge 2.5% of the fuel purchase amount Rewards redemption fee Rs.99 Emergency card replacement, when abroad $175
There are two methods to apply online and offline. You can visit the website of the State Bank of India and tap on ‘Apply’.
To apply offline you have to contact your nearest SBI center or call on SBI Customer Care number.
In a bid to help make the banking experience more accessible, SBI has launched a new credit card for holders of an SBI bank account that maintains a minimum balance of Rs.25,000 or more.
Named the Unnati card, it offers attractive benefits like its ability to be used at over 24 million outlets and when making payments or shopping.
The app application process is simple to make the purchase process hassle-free.
Type of charges Amount to be paid Annual Fee (5th Year Onwards) Rs.499 Add-on card Nil Finance Charges
Up to 3.50% per month
Interest-free Credit Period 20 days to 50 days Cash Advance Limit Up to 80% of credit limit subject to a maximum of Rs.12,000 each day Free credit period Nil Cash Advance Fee at SBI ATMs 2.5% of the transaction amount subject to a minimum value of Rs.500 Type of charges Amount to be paid Cash Advance Fee at other bank ATMs 2.5% of the transaction amount subject to a minimum value of Rs.500 Cash Advance Fee at International ATMs 2.5% of the transaction amount subject to a minimum value of Rs.500 Cash Payment Fee Rs.100 Payment Dishonour Fee 2% of payment amount subject to a minimum amount of Rs.500 Cheque Fee Rs.100 Card Replacement Fee Rs.100 Emergency card replacement when abroad Emergency card replacement when abroad Foreign Currency Transaction markup 3.5% Rewards Redemption Rs.99 Over limit Charges 2.5% of the amount subject to a minimum of Rs.600 Railway tickets via ticket counters Rs.30 plus 2.5% of the transaction amount Railway tickets via the official online portal 1.8% of the transaction amount plus a service charge Fuel surcharge waiver
1% waiver for transactions between Rs.500 to Rs.3,000
There are two methods to apply online and offline. You can visit the website of the State Bank of India and tap on ‘Apply’.
To apply offline you have to contact your nearest SBI center or call on SBI Customer Care number.
This credit card is considered the best credit card for low CIBIL Scores. You can get this card easily and enjoy its long-term rewards.
Insta Easy card from Axis Bank is one of the few cards with guaranteed approval from the bank. The only criterion for this card is that the applicant must have a fixed deposit with Axis Bank.
A fixed deposit is required to qualify for the card.
Among the features of the card are a 50-day interest-free period, unlimited cash withdrawals, flexible credit limits, dining offers, fuel surcharge waivers, and eDGE loyalty rewards.
Shopping Offers
Types of charges Amount to be paid Standard Joining Fee Nil Standard Annual Fee Nil Interest 2.50% per month Add-on Card Joining Fee
Nil
Cash Withdrawal Fees 2.5% (minimum Rs. 250) Card Replacement Waived Fee for Cash Payment
Rs. 100
Types of charges Amount to be paid Duplicate Statement Fee Waived Overdue Penalty or Late Payment Fee Nil if the Total Payment due is up to Rs. 100
Total Payment due is between Rs. 101 – Rs. 300 – Rs.100
Total Payment due is between Rs. 301 – Rs. 1,000 – Rs.300
Total Payment due is between Rs. 1,001 – Rs. 5,000 – Rs.500
Total Payment due is between Rs. 5,001 – Rs. 20000 – Rs.600
Total Payment due is Rs. 20,001 and above – Rs.700
Over Limit Penalty
3% of the over-limit amount (Minimum of Rs.500)
Charge-slip Retrieval Fee or Copy Request Fee
Waived
Cheque return or dishonor Fee Rs.300 Outstation Cheque Fee
Waived
Fuel Transaction Surcharge 1% of transaction amount (Refunded for fuel transactions between Rs.400 and Rs.4,000) Mobile Alerts for Transactions
Waived
Foreign Currency Transaction Fee
3.50% of the transaction value
Hotlisting Charges
Nil
Balance Enquiry Charges Waived
HDFC MoneyBack Credit Card is one of the most commonly used reputed credit cards for bad credit in India.
For every spend you make with this card, you will receive a certain percentage of money back at the end of the credit cycle.
HDFC Bank has specially curated the Moneyback Credit Card for its customers. There is a joining fee of Rs.500 and a 3.39 % interest rate.
Types of charges Amount to be paid Joining fee
Rs.500
Annual fee
Rs.500
Interest rate 3.49% per month Cash withdrawal fee 2.5% of the withdrawn amount (Minimum Rs.500) Cash advance limit 40% of the credit limit Rewards redemption fee
Rs.99 per request
Late payment charges · Less than Rs.100 – None
· Rs.100 to Rs.500 – Rs.100
· Rs.501 to Rs.5,000 – Rs.400
· Rs.5,001 to Rs.10,000 – Rs.500
· Rs.10,001 and above – Rs.750
Types of charges Amount to be paid Over limit charges
2.5% of the over-limit amount (minimum Rs.500)
Payment return charges 2% of the payment amount (minimum Rs.450) Cash processing fee Rs.100 Reissue of lost, stolen, or damaged card Rs.100 Foreign currency transaction fee
3.5%
An outstation cheque processing charge Up to Rs.5,000 – Rs.25,000 in cheque value
More than Rs.5,000 – Rs.50 in the value of the check
Visit the official website of HDFC bank to apply online. You can contact your nearest HDFC branch or call on HDFC customer care number to apply offline.
These are the guaranteed approval credit cards for bad credit scores in 2023 for those users who are looking to get credit cards quickly for their personal or business purposes.
Visit the official site of the respective banks or credit card (which you want) to apply online now to avail of amazing offers and rewards.