Kotak FD credit card.

[rahul98]

Hello TFians
Pls suggest some credit card on 10-20k FD.
Objective is to:
1- build credit score from scratch ( currently no entry is there)
2- Credit reports should be reported to the bureaus.

Some queries-
1- do secured card does change to unsecured?
2- do the limit increases even if FD amount remains same?
3- In 1 year score reaches 750 , if CUR<10%
and bills timely paid.(emi purchases)?
4- kotak vs IndusInd vs idfc vs Onecard
5- which variant CC is available for this amount FD?

Thank you.

 

[Chaitanya-a]

Some queries-
1- do secured card does change to unsecured?

Rarely

2- do the limit increases even if FD amount remains same?

Nope. That's just marketing gimmick.

3- In 1 year score reaches 750 , if CUR<10%
and bills timely paid.(emi purchases)?

Yes, quite possible

4- kotak vs IndusInd vs idfc vs Onecard

IDFC is easier to get. It shows as unsecured on CIBIL. OneCard isn't worthy.

5- which variant CC is available for this amount FD?

IDFC Wow is available. You can also get Axis Flipkart card on 20k FD via branch.

 

[Shubham Yadav]

Hello TFians
Pls suggest some credit card on 10-20k FD.
Objective is to:
1- build credit score from scratch ( currently no entry is there)
2- Credit reports should be reported to the bureaus.

Some queries-
1- do secured card does change to unsecured?
2- do the limit increases even if FD amount remains same?
3- In 1 year score reaches 750 , if CUR<10%
and bills timely paid.(emi purchases)?
4- kotak vs IndusInd vs idfc vs Onecard
5- which variant CC is available for this amount FD?

Thank you.

Kotak FD card would better and serve all purposes. Its has been seen that kotak increase limit on their FD card and make it unsecured.

 

[Piyush_Jaiswal]

Hello TFians
Pls suggest some credit card on 10-20k FD.
Objective is to:
1- build credit score from scratch ( currently no entry is there)
2- Credit reports should be reported to the bureaus.

Some queries-
1- do secured card does change to unsecured?
2- do the limit increases even if FD amount remains same?
3- In 1 year score reaches 750 , if CUR<10%
and bills timely paid.(emi purchases)?
4- kotak vs IndusInd vs idfc vs Onecard
5- which variant CC is available for this amount FD?

Thank you.

Go for Kotak Card. My mother's CC got upgraded to League Platinum with LE in 13 months and the FD was returned. My sister's CC got only LE in 4 months.

Kotak is very generous in giving LE and Upgrades.

 

[raghu.rokda]

Go for Kotak Card. My mother's CC got upgraded to League Platinum with LE in 13 months and the FD was returned. My sister's CC got only LE in 4 months.

Kotak is very generous in giving LE and Upgrades.

Ladko k liye koi benefit ni hai kya

 

[unusedbrain1]

Go for Kotak Card. My mother's CC got upgraded to League Platinum with LE in 13 months and the FD was returned. My sister's CC got only LE in 4 months.

Kotak is very generous in giving LE and Upgrades.

how much was the fd amount

 

[Piyush_Jaiswal]

Ladko k liye koi benefit ni hai kya

I agree on this part that many banks are biased towards female in this regard.

 

[Piyush_Jaiswal]

how much was the fd amount

20k

 

[golu]

Hello TFians
Pls suggest some credit card on 10-20k FD.
Objective is to:
1- build credit score from scratch ( currently no entry is there)
2- Credit reports should be reported to the bureaus.

Some queries-
1- do secured card does change to unsecured?
2- do the limit increases even if FD amount remains same?
3- In 1 year score reaches 750 , if CUR<10%
and bills timely paid.(emi purchases)?
4- kotak vs IndusInd vs idfc vs Onecard
5- which variant CC is available for this amount FD?

Thank you.

I currently hold fd based 811 dream different card from kotak.
Got limit increased 3 times.
My card is almost 3 years old now.
I did fd of 15k initially now i have limit of 1.08 lacs.
I also tried to convert my secured card to unsecured by kotak is not doing it for me. Also, i tried pno but no help.
I also have fd based secured card from IndusInd bank which is also almost 3 years old. But I never got limit increase on that. Applied for manual limit increase and conversion of secured to unsecured with giving them ITR of more than 40 lacs. Still they didn't increase my limits nor made my card unsecured. They are saying to increase the fd amount which I don't want to do.

According to me go for Kotak Blindly.
Now coming back to you questions

1. Rarely, but remember anything can happen in the world of banking.
2.Yes, for kotak 100% sure. I don't know about others. But I don't think any other bank allows this.
3. Cibil takes time to generate a good score above around 1.5 years to 2 years.
While others like Experian, cref and Equifax gives better score in less than a year.
4. Kotak best, but if you want to have offers go with onecard.
5. For 10to20k mostly all banks provide secured cards.

 

[doraemon]

I got the card on 5k fd on 5th dec but cibil score is still not generated
When will it generate
I have spent around 30k on it (by prepaying) when I will get LE or upgrade offer?

 

[Chaitanya-a]

I got the card on 5k fd on 5th dec but cibil score is still not generated
When will it generate
I have spent around 30k on it (by prepaying) when I will get LE or upgrade offer?

Be patient. It gets reported to CIBIL within 3 months. LE or upgrade takes 6 months atleast. But there's no surity for FD card. It may take more than a year.