New Delhi, April 23 -- A credit score of 750 or more is generally considered excellent in India. Still, many applicants find themselves in difficult situations, facing denial when applying for premium credit cards.

This contradiction clearly highlights that a credit score is important but still, it is not the sole determinant for the approval of premium, high end credit cards.

Let's discuss some important reasons and considerations such as optimum credit scores, income stability, past loan settlement, payment history, over-all debt etc., that all credit card applicants must be aware of before applying for a premium credit card.

According to Akshay Aedula, product and growth at CRED, "Credit score is an output of past financial decision...