Can you increase your credit score with a Credit Card?​

In today's digital age, a good credit score has become just as essential as a smartphone with a speedy internet connection. And credit cards play an important role in affecting our credit scores. However, many students, first-time job seekers, and homemakers are not eligible for credit cards or loans because of no credit history or low credit scores. They need to be made aware of how to increase credit score and the importance of it. 

If you aspire to buy a house or take a loan, you must know how to increase your CIBIL score seamlessly. That's where the FIRST WOW! Credit Card can be your ultimate hero to build and improve your credit score. Let's explore how!

FIRST WOW! Credit Card - the credit-builder
 

Designed to empower individuals with limited or no credit history, the FIRST WOW! Credit Card is a reliable credit builder, guiding you on how to increase credit score effectively. Here's how this credit card can be a hero in your life -

• Easy approval process –
  
  

  FIRST WOW! Credit Card offers accessible approval without income proof, even if you have a limited credit history or bad credit. Take the first step towards building your credit score with ease. 

• Tailored credit limit – 
  
  

  The FIRST WOW! Credit Card is backed by a fixed deposit (FD), providing you with a high credit limit of minimum 100% of your FD value. This allows you to maintain a low utilisation ratio, a crucial factor while contemplating how to increase credit score. You can even increase your credit limit with a new FD.

How does credit building work?
 

With the FIRST WOW! Credit Card, you now have a practical tool guiding you on how to increase CIBIL score while demonstrating your creditworthiness. How can you do this?

• Pay responsibly and make timely payments to enhance your credit score
• Get access and qualify for higher credit limits with lower interest rates and more favourable loan terms
• With this credit builder, you can avail low-interest rates starting at just 9% p.a. 

Thus, making it easier to pay off your balance and build a good credit history.

Benefits of credit building with FIRST WOW! Credit Card
 

The FIRST WOW! Credit Card from IDFC FIRST Bank not only guides you on how to increase credit score but also offers the following benefits -

• No annual fee –
  
  

  Unlike other credit cards, the FIRST WOW! Credit Card is a lifetime free credit card. Say goodbye to worries about joining fees, membership charges, or annual fees while enjoying the card's benefits.

• 4X reward points –
  
  

  Every Rs 100 spent using the FIRST WOW! Credit Card earns you 4X reward points, which have no expiry date and can be redeemed anytime, anywhere. This makes your spending more rewarding.

• Exclusive offers –
  
  

  As FIRST WOW! Credit Card holders can access more than 300 merchant offers, enjoy 50% off on BookMyShow movie tickets, receive complimentary roadside assistance, benefit from personal accident coverage of Rs 2 Lakhs, and much more.

How to apply?

Applying for the FIRST WOW! Credit Card is a breeze. Follow these straightforward steps to kickstart your credit building journey -

• Visit the IDFC FIRST Bank and navigate to the Credit Cards section
• Search for FIRST WOW! Credit Card and click on "Apply Now"
• Enter your basic details, such as name, email address, and mobile number
• Choose and fund your fixed deposit
• Complete your KYC 
• Submit your application

The credit card offers instant approval, enabling you to use it immediately for your financial needs.

​​Take the first step today!

Understanding how to increase credit score is the first step towards unlocking financial opportunities. With the FIRST WOW! Credit Card, you can embark on this journey with confidence. Apply now and start building your credit history today.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.