i am afraid to ask about credit cards

POSTED BY rajarshi ray ON June 1, 2013 4:29 pm COMMENTS (6)

i read that all card queries gets recorded and brings down the cibil score. then how i am gonna ask the banks?

6 replies on this article “i am afraid to ask about credit cards”

  1. Dear Rajarshi, medrely lip talk with your banker ‘ll not be reported into your CIBIL.

    Thanks

    Ashal

    1. rajarshi ray says:

      thanks

  2. Dear Rajarshi, whenever you apply for a credit line (be it for Credit card, home loan, car loan, personal loan or any other loan), it’s marked in your CIBIL report. Too many & frequent request for new credit lines indicates that you are credit hungry & it impacts your credit score.

    So instead of applying for a new credit card & for the fear of getting rekected, you may start using a FD linked xcard for a start. later on you can switch to a regular card from the same bank. In fact based upon your credit history, the bank ‘ll offer it to you on it’s own.

    Thanks

    Ashal

    1. rajarshi ray says:

      i still don’t get it. i am interested in standard chartered’s titanium credit card and presently hold a gold credit card ( not from stanchart ). now, if i go to stanchart and ask verbal questions, will it be traced and reported to cibil?

      1. It goes to CIBIL only when you fill up the form and formally apply for it . Just a verbal communication will not effect anything .

        Also dont be fearful on this, as things going in CIBIL does not mean anything . Only when you do something wrong or which is not justifiable should be feared !

        Manish

        1. rajarshi ray says:

          thanks

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today