IDFC Wow Card- Worth it or not?

[Chaitanya-a]

I'm trying to apply IDFC First Bank Credit card but it is only showing the option for secured card. Whereas I have 6 unsecured cards- 2 from Axis, ICICI & HDFC each.

I have 2 questions:

1) Does having secured card in my portfolio affects my credit score or lesser chances of getting approval for future cards either from other banks or from IDFC?

2) I've recently enrolled into IDFC First Select program. Will there be more chances of getting pre-approved offer of Select CC from them? Should I wait for that instead of going for this card?

 

[SangEUD]

I'm trying to apply IDFC First Bank Credit card but it is only showing the option for secured card. Whereas I have 6 unsecured cards- 2 from Axis, ICICI & HDFC each.

I have 2 questions:

1) Does having secured card in my portfolio affects my credit score or lesser chances of getting approval for future cards either from other banks or from IDFC?

2) I've recently enrolled into IDFC First Select program. Will there be more chances of getting pre-approved offer of Select CC from them? Should I wait for that instead of going for this card?

1. No

2. As you have already enrolled into First Select program. What I suggest is keep the AMB or NRV good for 3-6 months.

I expect you to be pre-approved for IDFC Select credit card, which is decent being an LTF card. Or ask your Select RM to provide Select CC after 2-3 months.

I don't recommend you to go for WOW card.

 

[Chaitanya-a]

1. No

2. As you have already enrolled into First Select program. What I suggest is keep the AMB or NRV good for 3-6 months.

I expect you to be pre-approved for IDFC Select credit card, which is decent being an LTF card.

I don't recommend you to go for WOW card.

Thanks!