Best Credit Card To Get With FD

[garvxgarg]

Hi Everyone!

I Can Make A FD Of 5L (Maximum) Which Credit Card Should I Get?

1. HDFC DCB (5L FD)
2. HDFC Regalia (3L FD)
3. ICICI Saphiro (5L FD)
4. OneCard (OR Any Other CC)

**Question: Can I Use My Secured Card Statement To Get My Limit Increased In My Unsecured Credit?**

Thanks,
Garv

 

[RAMESH BABU N]

Credit rating agencies classify as shown in this attachment....

 

[Nemesis]

So is there any possibility for LE through this?

 

[Trust Me]

Credit rating agencies classify as shown in this attachment....

So they make no distinction between a secured and an unsecured credit card? Strange!

 

[sarainfo12]

So they make no distinction between a secured and an unsecured credit card? Strange!

No no , some banks reports secured cards as secured credit card.
For example ICICI

 

[garvxgarg]

Why do you wish to get a secured credit card ?
Are you new to credit cards?
Or is it only for LE purpose on your existing cards?

As I am 19 yo only.
1. Want to get more cc with more high limit.
2. yes, with only 1 card of 25k limit (HDFC)
3. want to do the fd anyway so thought why not get a card with it.

 

[kshitij_0]

As I am 19 yo only.
1. Want to get more cc with more high limit.
2. yes, with only 1 card of 25k limit (HDFC)
3. want to do the fd anyway so thought why not get a card with it.

You can do FD in ICICI and get FD based CC with 90% limit. And then apply for Apay CC from Amazon app using your Secured CC number after 3-6 months on safe side, (even in 1 month also it may work). They'll give you unsecured Amazon Pay CC (LTF ofc) with the same limit of your Secured ICICI Card. You can try negotiating Wealth Account (Zero MAB) as well from ICICI by using that FD. (Talk to BM).

Then close the FD once you are done with all those things and search for another bank.

I don't know if this is working now or not but it was working a year ago.
HDFC Infinia is worth it if they provide LTF and if you really want to keep the FD for long time.

 

[jetesh]

Are we getting a Federal Scapia Credit Card against FD ? And the amount required to secure a Scapia Credit card ?

 

[Moulidharan]

You can do FD in ICICI and get FD based CC with 90% limit. And then apply for Apay CC from Amazon app using your Secured CC number after 3-6 months on safe side, (even in 1 month also it may work). They'll give you unsecured Amazon Pay CC (LTF ofc) with the same limit of your Secured ICICI Card. You can try negotiating Wealth Account (Zero MAB) as well from ICICI by using that FD. (Talk to BM).

Then close the FD once you are done with all those things and search for another bank.

I don't know if this is working now or not but it was working a year ago.
HDFC Infinia is worth it if they provide LTF and if you really want to keep the FD for long time.

In Amazon,It will directly give a red line stating that Minimum age is 21.I too have planned this and tried to apply Apay card after 6 months of getting the icici fd platinum card.Cant go further in the application stage

 

[sidp]

DCB will not offered against FD. Regalia will be offered.

Your flyer seems legit but my bm told me something different. He said every card can be attained through fd. Just that the fd has to be more than a year. 1 or 1.5L for neu plus, 3L+ for neu infinity and 5L+ for DCB. This is by putting lien. And they dont have to take special permission.

But they can also give cards without lien but in that case they have to take special permission from higher up depending on card variant. Like with a 3L fd without lien they can give millenia, but for Regalia gold they need cluster head's permission.

 

[BVCBVC is verified member.]

DCB will not offered against FD. Regalia will be offered.

AFAIK ICICI offers Coral, IDFC offers Wow card, HDFC list mentioned below, One card you will get metal CC against 50K FD(some users got for 20K) also.

@sidp Look at this image, it's official image from HDFC.

Now they have removed Infinia aganist FD. When I got that image Diners cards and co branded cards are not given on FD Lien.

Just check the latest from HDFC. Ask your RM/BM they will provide the update.

 

[sidp]

@sidp Look at this image, it's official image from HDFC.

Yeah I am not questioning the authenticity. I actually said it seems legitimate. But the point I wanted to make is everything is possible when they want to make their target.
Just last week he told me even infinnia can be availed with 15L fd or 50L worth of transactions in current account.
Also this is a semi urban branch, so they are desperate to increase their branch size. In metro no one cares about the same 15L fd.

 

[sidp]

As I am 19 yo only.
1. Want to get more cc with more high limit.
2. yes, with only 1 card of 25k limit (HDFC)
3. want to do the fd anyway so thought why not get a card with it.

Issuer can report secured cc as secured or unsecured. but they have to report it. That's how people with with messed up credit improve their credit score.
If they report as secured, you can't get le on c2c. Because here the cl is not a indication of your credit worthiness, it shows how much value that specific card issuer can extract from collateral. As others don't have access to that collateral , they wouldn't give you credit. But on the plus side, with secured cc your credit mix is better. Still weightage of credit mix in credit score is much lower than payment history.

If they report as unsecured, then other issuers will see this cl as your credit worthiness and you can get c2c. In your case CL is more important than credit history. So search for issuers who report secured card as unsecured( eg HDFC).

My advice would be to open a higher variant account( speciale in hdfc or wealth in icici) and negotiate higher variant cc( may be even ltf) give them a post dated cheque. So 1st card, then account. If they don't honour their commitment you can cancel the cheque and even close account and complain to customer care for mis-selling In this method you may lose interest upto 7-10 days.

 

[prash1161]

My secured millennia card reported as unsecured only .
View attachment 25961
Both are secured cards , but mentioned as unsecured.

Fd amt? A