Could not use Cred?

Could not use Cred?

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Deal Cadet
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I hold 2 credit card but in the cred it is saying i am wait listed. Do refreshing score will decrease my CIBIL score?
is the same happens every time i open the app since every time it says checking your score when i open the app?
What should i do to get the cred setup or should i forget it for 3-4 months?

11 Comments  |  
5 Dimers
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Deal Cadet
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Is this first time that you were trying to create account? If so then it could be because of the your credit score not meeting criteria.
Wait for few months and it will create account when score improves.

PS. You are not going to miss much as Cred is not what it used to be and fun is mostly over now.

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Deal Cadet
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indiansoul wrote:

Is this first time that you were trying to create account? If so then it could be because of the your credit score not meeting criteria.
Wait for few months and it will create account when score improves.

PS. You are not going to miss much as Cred is not what it used to be and fun is mostly over now.

Do I get to see the score?
First time when I tried i got some mail from credit rating bureaus that states I dont have any credit score
I wont do the check again i think thats decreases the raiting

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Deal Subedar
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DealBroker23 wrote:

Do I get to see the score?
First time when I tried i got some mail from credit rating bureaus that states I dont have any credit score
I wont do the check again i think thats decreases the raiting

How old are both your credit cards?

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Deal Cadet
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DealBroker23 wrote:

Do I get to see the score?
First time when I tried i got some mail from credit rating bureaus that states I dont have any credit score
I wont do the check again i think thats decreases the raiting

Checking the report or credit score has no effect on score. You may not enough credit history for your score or it may be too low for credit to let you create account but then I wonder how you got your credit cards? Were those offered against FD?

You can Check your report on wishfin or bankbazaar for free. I prefer wishfin as they pull from CIBIL where bankbazaar provides from Experian.

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Deal Cadet
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indiansoul wrote:

Checking the report or credit score has no effect on score. You may not enough credit history for your score or it may be too low for credit to let you create account but then I wonder how you got your credit cards? Were those offered against FD?

You can Check your report on wishfin or bankbazaar for free. I prefer wishfin as they pull from CIBIL where bankbazaar provides from Experian.

Employed and getting a decent salary.
One card from the salaried account other is the ICICI platinum chip card.

AFAIK, checking the score effect it, They consider people are credit hungry, read somewhere but not confirmed if it is true. However, will refrain from checking. I too dont see too much excited sharing my details(paying on) with cred. Better be safe and pay from the bank portal only.

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Deal Cadet
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indiansoul wrote:

Checking the report or credit score has no effect on score. You may not enough credit history for your score or it may be too low for credit to let you create account but then I wonder how you got your credit cards? Were those offered against FD?

You can Check your report on wishfin or bankbazaar for free. I prefer wishfin as they pull from CIBIL where bankbazaar provides from Experian.

wishfin and bankbazaar will definitely sale my phone number and I dont want any phone calls from banks

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Deal Subedar
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DealBroker23 wrote:

new, 3 months at max

Your cards needs to be about 6 months old for the credit score generation.

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