How many FD based secured credit card are there in the market which report the FD backed card as a secured credit card in CIBIL ?
CIBIL verified answer please.
Like ICICI FD backed card is shown as secured credit card in CIBIL..
most of the banks will give you any card of your choice against FD For Eg you can even get regalia, infinia against FD
I used to hold BOB Easy CC against FD it shown as unsecured
most of the banks will give you any card of your choice against FD For Eg you can even get regalia, infinia against FD
I used to hold BOB Easy CC against FD it shown as unsecured View attachment 14796
So many banks are offering FD based card.. but I just want to know about CIBIL reporting for those FD based card which is reflected as "secured credit card" in CIBIL report as shown below.
What is/are the advantages of a secured credit card? I know it is beneficial for people with NH CIBIL or low CIBIL but other than that is there any other advantages to a person with >750 CIBIL?
I has been more than a month since I have the IDFC wow with me but the card has not been reported to CIBIL yet. Not sure how long it will take to reflect in Credit bureaus.