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Should I close my FD card?

me_sovon

TF Premier
I have been seeking a credit card from Axis Bank, but I have faced multiple rejections: twice for the Flipkart Axis card and twice for the MyZone credit card. I suspect that my second MyZone application was declined due to the short interval between the two applications.

During my most recent application for the MyZone credit card, a physical KYC was conducted, during which the agent suggested that I open a library account. Consequently, I now also hold a savings account with Axis Bank.

Following the rejection, I received a call from my branch advising me to consider a fixed deposit (FD) based credit card and to maintain this card for at least three months.

As I approach the end of this three-month period, I have several questions:

1. Should I close the card?
2. Should I keep it for a few more months to potentially qualify for a pre-approved offer for an unsecured card?
3. Does the pre-approved offer depend on the FD card?

My current CIBIL score is 781, and I have three unsecured credit cards.
 
I have been seeking a credit card from Axis Bank, but I have faced multiple rejections: twice for the Flipkart Axis card and twice for the MyZone credit card. I suspect that my second MyZone application was declined due to the short interval between the two applications.

During my most recent application for the MyZone credit card, a physical KYC was conducted, during which the agent suggested that I open a library account. Consequently, I now also hold a savings account with Axis Bank.

Following the rejection, I received a call from my branch advising me to consider a fixed deposit (FD) based credit card and to maintain this card for at least three months.

As I approach the end of this three-month period, I have several questions:

1. Should I close the card?
2. Should I keep it for a few more months to potentially qualify for a pre-approved offer for an unsecured card?
3. Does the pre-approved offer depend on the FD card?

My current CIBIL score is 781, and I have three unsecured credit cards.
Firstly , you need to find out why your applications are getting rejected.
 
FD card does not guarantee you a pre-approved card. In 2018 i bought ICICI FD card. Till 2021 i didn't receive any pre-approved offer. I had lesser no of txn's in ICICI a/c.
Pre-approved offer depends on how you use your a/c n debit card. Viz. for purchases
 
Fd card owned by my brother for more than 1 year and limit of fd is 1l and having burgundy account still no pre approved offer with a cibil score of 800 it totally depends
My wife with burgundy account with fd of 56k got a cc and after 6 months got pre approved offer for Select with limit of 2.57l where her cibil was 0 and now before getting pre approved cc it was 750. It totally depends and nothing can be said.
 
Fd card owned by my brother for more than 1 year and limit of fd is 1l and having burgundy account still no pre approved offer with a cibil score of 800 it totally depends
My wife with burgundy account with fd of 56k got a cc and after 6 months got pre approved offer for Select with limit of 2.57l where her cibil was 0 and now before getting pre approved cc it was 750. It totally depends and nothing can be said.
How many transactions did your wife approximately?
 
FD card does not guarantee you a pre-approved card. In 2018 i bought ICICI FD card. Till 2021 i didn't receive any pre-approved offer. I had lesser no of txn's in ICICI a/c.
Pre-approved offer depends on how you use your a/c n debit card. Viz. for purchases

Fd card owned by my brother for more than 1 year and limit of fd is 1l and having burgundy account still no pre approved offer with a cibil score of 800 it totally depends
My wife with burgundy account with fd of 56k got a cc and after 6 months got pre approved offer for Select with limit of 2.57l where her cibil was 0 and now before getting pre approved cc it was 750. It totally depends and nothing can be said.
So it's better to close the FD?
 
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