Hello everyone,
I am posting this thread to inform you about secured cards. Which all banks offer secured cards and which varients and everything.
1) ICICI Bank
ICICI Bank offers its two basic card- Platinum and Coral card against a fd of minimum 50,000 for both the cards. You can apply for this card directly from mobile banking or net banking.You need to have a savings account in ICICI to avail this card. After 5-6 months u can apply for its co branded card like amazon pay card or Makemytrip cards and you will get shared limit with your secured credit card. They give 90% limit of fixed deposit.
2) Axis Bank- Axis bank offers these cards on fd.
The list of cards are as follow-
Myzone- minimum fd of 25000
IndianOil Axis Bank card- minimum fd of 25000 ( to be confirmed)
Axis Bank privilege on a fd of minimum 1 lakh.
Axis Bank Select card on a fd of minimum 5 lakhs(to be confirmed).
You can apply Myzone, Indian Oil and Privilege card online thru net or mobile banking. For select card u need to go to branch. You can even apply for axis flipkart card thru branch. You need to have a saving account in Axis bank to get secured credit card. They give 80% limit of fixed deposit.
3) IDFC Bank- They give IDFC WOW card against fd. Minimum fd amount 5,000. You do not need to have a savings account with them to get this card. They give 100% fd limit.You can apply for this card online. They report as unsecured card in cibil.
4) SBI Bank- They offer all their core cards against fd except for cashback and Aurum.
SimplyClick,Simply Save- minimum fd of 25,000.
Prime-minimum fd of 60,000.
Elite- minimum fd of 1,20,000
They give 75-80% fd limit. You need to have a savings account with them.
You have to apply for their cards thru branch.
5) AU bank nomo
(details to be filled)
6) Kotak Bank- They offer Kotak dream different card against a fd of minimum 10,000. You can apply for this card online. You need to have a savings account with them. They report as secured card in cibil.
7) SBM Bank- State bank of maurituis, they offer heck tons of useless cards thru third parties like onecard, paisabazaar step up card, gild card, magnet card. Honestly its a useless and risky bank and I would suggest not to do fd with them.
8) HDFC- They offer cards against fd. You need to have a savings account with them. They give 80% limit against fd.
Freedom- minimum fd of 20,000
Millenia- minimum fd of 1,25,000
Regalia- minimum fd of 4-5 lakhs(to be confirmed)
Infia- minimum fd of 10-13 lakhs (to be confirmed and maybe they have discontinued giving infinia against fd)
Overall I would say if you want a credit card to build your credit score go for ICICI bank credit card because you have great chances of getting an unsecured card later.
If you want lounge access then get sbi prime or sbi elite but they have a fees of 3,000 plus taxes and 5,000 plus taxes respectively but in the first year of the card u get a voucher from pantaloons/shopperstop/yatra of 3,000(for prime card) and 5,000(for elite card) . So you can convert that sbi card to ltf or close if after one year.
I am posting this thread to inform you about secured cards. Which all banks offer secured cards and which varients and everything.
1) ICICI Bank
ICICI Bank offers its two basic card- Platinum and Coral card against a fd of minimum 50,000 for both the cards. You can apply for this card directly from mobile banking or net banking.You need to have a savings account in ICICI to avail this card. After 5-6 months u can apply for its co branded card like amazon pay card or Makemytrip cards and you will get shared limit with your secured credit card. They give 90% limit of fixed deposit.
2) Axis Bank- Axis bank offers these cards on fd.
The list of cards are as follow-
Myzone- minimum fd of 25000
IndianOil Axis Bank card- minimum fd of 25000 ( to be confirmed)
Axis Bank privilege on a fd of minimum 1 lakh.
Axis Bank Select card on a fd of minimum 5 lakhs(to be confirmed).
You can apply Myzone, Indian Oil and Privilege card online thru net or mobile banking. For select card u need to go to branch. You can even apply for axis flipkart card thru branch. You need to have a saving account in Axis bank to get secured credit card. They give 80% limit of fixed deposit.
3) IDFC Bank- They give IDFC WOW card against fd. Minimum fd amount 5,000. You do not need to have a savings account with them to get this card. They give 100% fd limit.You can apply for this card online. They report as unsecured card in cibil.
4) SBI Bank- They offer all their core cards against fd except for cashback and Aurum.
SimplyClick,Simply Save- minimum fd of 25,000.
Prime-minimum fd of 60,000.
Elite- minimum fd of 1,20,000
They give 75-80% fd limit. You need to have a savings account with them.
You have to apply for their cards thru branch.
5) AU bank nomo
(details to be filled)
6) Kotak Bank- They offer Kotak dream different card against a fd of minimum 10,000. You can apply for this card online. You need to have a savings account with them. They report as secured card in cibil.
7) SBM Bank- State bank of maurituis, they offer heck tons of useless cards thru third parties like onecard, paisabazaar step up card, gild card, magnet card. Honestly its a useless and risky bank and I would suggest not to do fd with them.
8) HDFC- They offer cards against fd. You need to have a savings account with them. They give 80% limit against fd.
Freedom- minimum fd of 20,000
Millenia- minimum fd of 1,25,000
Regalia- minimum fd of 4-5 lakhs(to be confirmed)
Infia- minimum fd of 10-13 lakhs (to be confirmed and maybe they have discontinued giving infinia against fd)
Overall I would say if you want a credit card to build your credit score go for ICICI bank credit card because you have great chances of getting an unsecured card later.
If you want lounge access then get sbi prime or sbi elite but they have a fees of 3,000 plus taxes and 5,000 plus taxes respectively but in the first year of the card u get a voucher from pantaloons/shopperstop/yatra of 3,000(for prime card) and 5,000(for elite card) . So you can convert that sbi card to ltf or close if after one year.
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