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Credit Card

SarthakModak

TF Buzz
Suppose there is a situation-A bank is offering some lower variant credit cards should one take it or wait for a decent credit card offer from that bank(if they know that they will surely get it soon).Moreover that will be the first credit card of that person. So which one will be a wiser choice?
 
What are you getting, what do you want?
Actually it's not about me it's about my friend.He has an account in HDFC bank and now he is getting few credit cards(IndianOil CC & Business MoneyBack CC) on pre-approved basis and he wants Millennia CC on pre-approved basis.It's gonna be his first CC so he can't decide now what to do in this situation whether he will wait for Millennia CC or he will apply among those CCs.
 
I got approved for Axis Airtel from Airtel’s side, even did the Video KYC, only for Axis to tell me I’m rejected due to “internal parameters.” Any way I can fix this?
Maybe you should focus on increasing your credit score and try after few months else no one can say bank's internal parameters or you can go to your nearest Axis bank branch and try C2C if they accept your application.
 
Suppose there is a situation-A bank is offering some lower variant credit cards should one take it or wait for a decent credit card offer from that bank(if they know that they will surely get it soon).Moreover that will be the first credit card of that person. So which one will be a wiser choice?
Hello Sarthak,

My honest opinion is if it is the first ever credit card of your friend, then HDFC card may not be the wise choice. To understand why it is so please follow the thread https://www.technofino.in/community...hdfc-credit-card-limit-to-credit-bureaus.322/
 
Hello Sarthak,

My honest opinion is if it is the first ever credit card of your friend, then HDFC card may not be the wise choice. To understand why it is so please follow the thread https://www.technofino.in/community...hdfc-credit-card-limit-to-credit-bureaus.322/
Yeah you're right but I am also thinking at least his credit score will build.The sooner it builds the better.Since many people are also saying that there is no negative impact on their credit score for not reporting their credit limit.
 
Yeah you're right but I am also thinking at least his credit score will build.The sooner it builds the better.Since many people are also saying that there is no negative impact on their credit score for not reporting their credit limit.
If that is the only credit card someone owns, it may have a negative impact on the credit score depending on some of the factors that were already pointed out in the thread I shared in my last response. There are plenty other LTF cards available in the market which you can opt for and use to build your score.
 
If that is the only credit card someone owns, it may have a negative impact on the credit score depending on some of the factors that were already pointed out in the thread I shared in my last response. There are plenty other LTF cards available in the market which you can opt for and use to build your score.
Actually he is a student & he doesn't have an income source to apply for other banks credit card.He only has HDFC bank account.So you can understand the situation.
 
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