Could you recommend the best banks for opening a savings account that also offer pre-approved credit card options?

[rishusing]

I’m turning 21 soon and I’m looking to open a savings account with a bank that provides pre-approved credit card offers. I'm willing to maintain a minimum average balance of 20-30K. My goal is to build my credit score while earning some cashback rewards in the process. Should I opt for a secured credit card upfront, or is it better to open the account first and then wait for a pre-approved offer? I’d appreciate your advice on this

 

[arunkd386]

I’m turning 21 soon and I’m looking to open a savings account with a bank that provides pre-approved credit card offers. I'm willing to maintain a minimum average balance of 20-30K. My goal is to build my credit score while earning some cashback rewards in the process. Should I opt for a secured credit card upfront, or is it better to open the account first and then wait for a pre-approved offer? I’d appreciate your advice on this

Go for HDFC

 

[Prithi]

Got Pre-Approved Credit Card offer on Kotak 811 within just 1 month of opening account. Applied for the same. No CIBIL hit.

 

[Dazzwilliams]

Got Pre-Approved Credit Card offer on Kotak 811 within just 1 month of opening account. No CIBIL hit.

Which card variant? Was it LTF

 

[sparkit]

Got Pre-Approved Credit Card offer on Kotak 811 within just 1 month of opening account. Applied for the same. No CIBIL hit.

They are not accepting new applications right?
Or am I missing something?

 

[Prithi]

Which card variant? Was it LTF

It gives the options to choose from multiple cards. I selected Kotak League Rupay (LTF).

 

[Prithi]

They are not accepting new applications right?
Or am I missing something?

Not sure. I applied in February or March.

 

[sparkit]

Not sure. I applied in February or March.

Yes, they stopped taking new applications since may.

 

[pothi]

Go for HDFC

+1 . I'd recommend Savings Max variant, as OP is ready to keep 20-30k.

Axis Liberty SB account is also an option.

Should I opt for a secured credit card upfront, or is it better to open the account first and then wait for a pre-approved offer?

Go with Amazon Pay Later and do some shopping to go for Amazon Pay ICICI Credit Card. You may even get a zero-bal savings account when you use this path.

 

[rishusing]

Go for HDFC

Does HDFC offer secured FD cards? Typically, how long does one have to wait to receive a pre-approved offer, considering the individual has no prior credit history?

 

[TechnoFi]

I’m turning 21 soon and I’m looking to open a savings account with a bank that provides pre-approved credit card offers. I'm willing to maintain a minimum average balance of 20-30K. My goal is to build my credit score while earning some cashback rewards in the process. Should I opt for a secured credit card upfront, or is it better to open the account first and then wait for a pre-approved offer? I’d appreciate your advice on this

First procure secure CC to start building your credit profile.

 

[TechnoFi]

Next you may open S/B accounts with hdfc/icici banks etc and weight for pre-approved cc offer.

 

[Humanbeing]

HDFC is one of the first bank that comes to my list of getting pre approved credit card that too without income proof or verification. Just spend on POS / E-commerce using debit card & you will start getting pre approved offers within 3-6 months. You should open HDFC saving max account to get better pre approved offers.

 

[arunkd386]

Does HDFC offer secured FD cards? Typically, how long does one have to wait to receive a pre-approved offer, considering the individual has no prior credit history?

Yes.. You have to contact Branch.
Generally 3-4 months after decent debit card usage.

 

[rishusing]

+1 . I'd recommend Savings Max variant, as OP is ready to keep 20-30k.

Axis Liberty SB account is also an option.




Go with Amazon Pay Later and do some shopping to go for Amazon Pay ICICI Credit Card. You may even get a zero-bal savings account when you use this path.

Okay, do banks offers pre-approved cc offer in zero balance account?

Also without credit history can I get Amazon pay later?

 

[rishusing]

First procure secure CC to start building your credit profile.

Can you suggest few good secured credit card through which I could build credit history and earn some rewards in the process.

 

[rishusing]

Yes, they stopped taking new applications since may.

They are not opening kotak 811 account also?

 

[sparkit]

They are not opening kotak 811 account also?

Yes, you can open other Kotak bank accounts through branch. But not 811.

 

[rishusing]

Yes, you can open other Kotak bank accounts through branch. But not 811.

What about 811 Super account, can we open it through the branch?

 

[rishusing]

First procure secure CC to start building your credit profile.

Can you suggest some good secured credit cards that offer cashback or rewards and have minimal annual maintenance charges (AMC)?