Criteria to get LTF federal bank credit card?

[Tarun239]

What is the criteria to get Federal bank credit card?
1 Do they offer card only to account holders? In case yes, how old should be the account?
2.What is the cibil inquiry criteria?
3.Any other criteria they consider?
I have already tried for federal credit card once it was announced ltf in april, was rejected after uploading bank statement? Kindly help. Thanks.

 

[raghu.rokda]

A

What is the criteria to get Federal bank credit card?
1 Do they offer card only to account holders? In case yes, how old should be the account?
2.What is the cibil inquiry criteria?
3.Any other criteria they consider?
I have already tried for federal credit card once it was announced ltf in april, was rejected after uploading bank statement? Kindly help. Thanks.

Apply for lifetime free Scapia federal card

 

[Tarun239]

A

Apply for lifetime free Scapia federal card

Tried rejected due to too many cibil inquiries recently

 

[raghu.rokda]

Tried rejected due to too many cibil inquiries recently

Yes not more than 5 cibil inquiries

 

[Tarun239]

Yes not more than 5 cibil inquiries

Yaa

 

[raghu.rokda]

Yaa

No issue, apply after 90 days, you definitely get

 

[Sai Ganesh]

Yes not more than 5 cibil inquiries

5 refers to monthly or quarter bro ?

 

[Tarun239]

Can federal bank credit card be applied through offline agent??

 

[CardGame]

Can federal bank credit card be applied through offline agent??

No. Nearby branch BM said nothing can be done offline and even branch can't influence anything even if u hold account.

 

[Tarun239]

No. Nearby branch BM said nothing can be done offline and even branch can't influence anything even if u hold account.

K, thank you

 

[Tarun239]

Federal rejecting credit card again and again inspite of 5 enquiries in last 6 mths, cibil 770,experian 824,salaried,already holding 25 plus credit cards from all major banks, does opening a federal bank account increases chance of preapproved offer? Kindly help. After entering mobile number and otp itself, application is getting declined.

 

[Deleted member 27665]

Federal rejecting credit card again and again inspite of 5 enquiries in last 6 mths, cibil 770,experian 824,salaried,already holding 25 plus credit cards from all major banks, does opening a federal bank account increases chance of preapproved offer? Kindly help. After entering mobile number and otp itself, application is getting declined.

Close atleast 50% of your credit cards to increase the chance of approval.

 

[praful47]

Eligibility for federal bank credit card

 

[Tarun239]

Close atleast 50% of your credit cards to increase the chance of appr

Close atleast 50% of your credit cards to increase the chance of approval.

Thanks for your suggestion, but just wanted to know how does number of credit cards affect approval or rejection? In this TF community , many people are holding close to 50 plus cards.

 

[Tarun239]

Eligibility for federal bank credit card

Thanks, this was quite useful

 

[Deleted member 27665]

Thanks for your suggestion, but just wanted to know how does number of credit cards affect approval or rejection? In this TF community , many people are holding close to 50 plus cards.

Holding these many credit cards shows your profile to banks as 'Credit Hungry'. Having large number of unsecured loans in CIBIL doesn't have a positive impact on your profile. You might even be labelled as 'Over Leveraged' by banks based upon your Income to Debt ratio. Many banks are strict with the number of enquiries as well. Overall you should only have credit cards which you use frequently based upon your usage rather than collecting unnecessary credit cards from all banks and over-leveraging yourself.

 

[Tarun239]

Holding these many credit cards shows your profile to banks as 'Credit Hungry'. Having large number of unsecured loans in CIBIL doesn't have a positive impact on your profile. You might even be labelled as 'Over Leveraged' by banks based upon your Income to Debt ratio. Many banks are strict with the number of enquiries as well. Overall you should only have credit cards which you use frequently based upon your usage rather than collecting unnecessary credit cards from all banks and over-leveraging yourself.

Thanks for explaining

 

[Tarun239]

Eligibility for federal bank credit card

I went to federal bank, they even denied for secured credit card, they told only can be applied online

 

[arjun]

I went to federal bank, they even denied for secured credit card, they told only can be applied online

Their offline branches are nothing but useless trust me, They are not helpful neither kind always rude

 

[Tarun239]

Their offline branches are nothing but useless trust me, They are not helpful neither kind always rude

Yaa, I am really surprised with their working, govt banks like sbi etc are so good compared to federal. Sometimes I feel government banks get unnecessary flak.