Have No Credit Score? Here Are the Best Credit Cards for You

Your credit score is a designated number that represents your creditworthiness and helps lenders gauge if you are a financially capable individual. A good credit score is essential. Credit cards are easy to use in day-to-day life, helping you pay for daily expenses and luxury items. If you are also looking to build your credit score, here’s how a credit card can help.

If you are using a first-time credit card to build a credit history, here’s how it can help you:

1. Pay Dues

Make sure to pay off the outstanding amount due on your credit card. If you want to build your credit score using a credit card, try to avoid paying late. You should also try to pay off the entire amount to avoid higher interest rates and piling up debt. Responsibly repaying your credit card dues boosts your credit score and builds your creditworthiness.

2. Limit Credit Utilisation

Use your credit card up to 30% of the sanctioned limit. If you require more funds, request that your credit card issuer extend the limit. This way, you can maintain your credit utilisation ratio and access the funds needed. Do note that not using your card also lowers your credit score, so do so within the limits mentioned.

3. Multiple Cards

While using multiple credit cards is convenient and, as such, does not affect your credit score, you must be smart about it. Using too many credit cards can flag you as a high-risk individual who is always short on credit. If you do want numerous cards, pace yourself and use those as per the credit-to-limit ratio. Doing so will help you build a healthy credit history without negative effects.

If you are looking for the best first-time credit card with no credit history of your own, you opt for one that has reasonable eligibility criteria and an easy application process. Plus, it should also be a credit card that is easy to manage, wherein you can repay the dues easily and on time. HDFC Bank has various credit card options for you to choose from. They are as follows:

1. Millennia Credit Card

If you want amazing cashback, the HDFC Bank Millennia Credit Card is for you. Apart from the regular functions of a credit card, you get to avail of cashback on Amazon, BookMyShow, Flipkart, Myntra, Zomato, etc. You can also enjoy cashback on other spending, including EMI payments and wallet transactions. Plus, you get perks like domestic airport lounge access and ₹1000 worth of gift vouchers, subject to certain conditions.

2. Regalia Credit Card

If you want to reserve your first-time credit card for luxury purchases, then the Regalia Credit Card might be what you are looking for. The card offers exciting benefits like reward points every time you spend a certain amount, along with bonus reward points subject to meeting a spending limit. You also enjoy domestic and international airport lounge access to make your travels much more comfortable.

3. MoneyBack+ Credit Card

The HDFC Bank MoneyBack+ Credit Card is widely considered to be one of the best cards to manage daily expenses. Thus, this one might be the best option if you plan to use your first-time credit card regularly. Besides being easy to use and manage, the card offers CashPoints on Amazon, BigBasket, Flipkart, etc., and EMI spending at merchant locations. You can also avail of CashPoints for fuel charges, wallet uploads, and gift vouchers worth up to ₹2000 annually.

Begin a new phase of your financial journey by building your credit score. Opt for the MoneyBack+ Credit Card and start creating your credit history wisely.

Click here to learn more about and apply for the HDFC Bank MoneyBack+ Credit Card!

Wondering How A Credit Card Can Ensure Financial Freedom? Click Here To Know

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​​​​​​​*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.

Credit Card approvals at the sole discretion of HDFC Bank Limited. Credit Card approvals are subject to documentation and verification as per the Bank's requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.