SECURED CREDIT CARD.

[Thor04]

bro honestly here's my idea.... I am applying for sbi prime against fd of 1.5 lakhs and it is a worthy card if ltf.... For first year I will have to pay 3k plus 540 taxes but then i will get 3k vouchers from shopperstop.... then in may 2025 imma call the sbi customer care service and ask them to either close it or make it ltf.... theres 90 percent chance they will make it ltf... then by next year my cibil will improve and I am 21 years old rn and by next year I will apply for hdfc regalia and if I dont get it then I will take it on fd of 5 lakhs... now my question is if i really wanna improve my cibil score how much should I use my sbi credit card... like will using it less than 1% help me or should I use it less than 10% or 30 %

 

[Anupama_Jha]

bro honestly here's my idea.... I am applying for sbi prime against fd of 1.5 lakhs and it is a worthy card if ltf.... For first year I will have to pay 3k plus 540 taxes but then i will get 3k vouchers from shopperstop.... then in may 2025 imma call the sbi customer care service and ask them to either close it or make it ltf.... theres 90 percent chance they will make it ltf... then by next year my cibil will improve and I am 21 years old rn and by next year I will apply for hdfc regalia and if I dont get it then I will take it on fd of 5 lakhs... now my question is if i really wanna improve my cibil score how much should I use my sbi credit card... like will using it less than 1% help me or should I use it less than 10% or 30 %

If you makes the SBI Prime card (LTF) it's still a secured card. You have to keep that fd as long as you wants ur card.

What I have done is I took onecard on just 2k fd, in dec and got axis ace (15k) unsecured in April. Also, I didn't have any relationship with them, i.e. FDs or Savings Account.

For context: Today's my highest limit across card is ₹2.3L

Now, last and most important point. That CIBIL dilemma. Holy Sh**t

There's nothing called perfect cibil score, or tips and tricks to improve. You only need to follow 3 basic rules -

1. Never delay a 1₹ payment by even 1 day.

2. Keep utilisation ratio as less as possible. Under 30% bracket is always good.

3. Don't hurry in getting more and more cards/loans. Apply 1-2 products monthly.

Booom, ur CIBIL will be rock solid 🪨

**Important info: Instead of focusing on CIBIL, increasing credit limit, and getting more and more cashbacks or RPs, you should focus on increasing real income. Yeah, if you have 5L in pocket, every bank will treat you like KING👑

All the best to #Debt_club

 

[Anupama_Jha]

If you take SBI Card against FD it will show as Secured card instead of unsecured. Though cibil will be generated, but below 750-760.

Next thing, if you makes the SBI Prime card (LTF) it's still a secured card. You have to keep that fd as long as you wants ur card.

What I have done is I took onecard on just 2k fd, in dec and got axis ace (15k) unsecured in April. Also, I didn't have any relationship with them, i.e. FDs or Savings Account.

For context: Today's my highest limit across card is ₹2.3L

Onecard and IDFC WOW cards gets reported as unsecured card, though they are secured.

Now, last and most important point. That CIBIL dilemma. Holy Sh**t

There's nothing called perfect cibil score, or tips and tricks to improve. You only need to follow 3 basic rules -

1. Never delay a 1₹ payment by even 1 day.

2. Keep utilisation ratio as less as possible. Under 30% bracket is always good.

3. Don't hurry in getting more and more cards/loans. Apply 1-2 products monthly.

Booom, ur CIBIL will be rock solid 🪨

**Important info: Instead of focusing on CIBIL, increasing credit limit, and getting more and more cashbacks or RPs, you should focus on increasing real income. Yeah, if you have 5L in pocket, every bank will treat you like KING👑

All the best to #Debt_club

Check this thread 🧵

https://www.technofino.in/community/threads/list-of-banks-which-report-secured-credit-cards-accurate-to-cics.26807/

 

[Thor04]

okay bro well yh ur right imma work on improving my real income rather than these so called cards lmao

 

[mail2jampa]

If you makes the SBI Prime card (LTF) it's still a secured card. You have to keep that fd as long as you wants ur card.

What I have done is I took onecard on just 2k fd, in dec and got axis ace (15k) unsecured in April. Also, I didn't have any relationship with them, i.e. FDs or Savings Account.

For context: Today's my highest limit across card is ₹2.3L

Now, last and most important point. That CIBIL dilemma. Holy Sh**t

There's nothing called perfect cibil score, or tips and tricks to improve. You only need to follow 3 basic rules -

1. Never delay a 1₹ payment by even 1 day.

2. Keep utilisation ratio as less as possible. Under 30% bracket is always good.

3. Don't hurry in getting more and more cards/loans. Apply 1-2 products monthly.

Booom, ur CIBIL will be rock solid 🪨

**Important info: Instead of focusing on CIBIL, increasing credit limit, and getting more and more cashbacks or RPs, you should focus on increasing real income. Yeah, if you have 5L in pocket, every bank will treat you like KING👑

All the best to #Debt_club

1)what in you CIBIL report your one card is reported as SECURED CREDIT CARD OR UNSECURED CREDIT CARD ( please share the screenshot for proof bro as what it is showing in cibil)
2)Name/variant Of the ONE CARD with partner bank that you have taken ???
3)One card which is received is visa or master or rupay ??
4)while applying for FD based CREDIT CARD in one APP , DOES HARD ENQUIRY happened on or after the date of appying , please check in your cibil once and reply all the above qs bro

it helps us a lot

thank you bro