Should I apply for a new credit card or not?

[sidmal]

Hi all,

I have 5 credit cards but I dont have any Rupay variant. I want to apply for one but the problem is related to number of enquiries in my CIBIL report.

My credit profile is almost 4 years old and I have 14 enquiries till date. Out of those 14, 13 are in the last 3 months alone - 8 in October, 4 in November and 1 in December. I feel if I apply for a new credit card now, there is a high chance of it getting rejected due to ths reason.

What would you suggest -

1. Apply for the new credit card now
2. Wait another month or two before applying

Thanks

 

[Deleted member 21942]

Wait for few months, financial year ending is around the corner. Apply cc in the month of Feb-March 2024 for higher chances of approval. Do not apply for any new cc or loan until then.

 

[sidmal]

Wait for few months, financial year ending is around the corner. Apply cc in the month of Feb-March 2024 for higher chances of approval. Do not apply for any new cc or loan until then.

Thanks. I think I will try to control the insane urge to apply for a new credit card right now and wait till February 24.

 

[RAMESH BABU N]

Wait for few months, financial year ending is around the corner. Apply cc in the month of Feb-March 2024 for higher chances of approval. Do not apply for any new cc or loan until then.

In addition to this, why not use Rupay debit cards - of your existing bank accounts - for your UPI needs ?

 

[SSV]

Hi all,

I have 5 credit cards but I dont have any Rupay variant. I want to apply for one but the problem is related to number of enquiries in my CIBIL report.

My credit profile is almost 4 years old and I have 14 enquiries till date. Out of those 14, 13 are in the last 3 months alone - 8 in October, 4 in November and 1 in December. I feel if I apply for a new credit card now, there is a high chance of it getting rejected due to ths reason.

What would you suggest -

1. Apply for the new credit card now
2. Wait another month or two before applying

Thanks

Which Rupay CC you want to get ?

 

[sidmal]

In addition to this, why not use Rupay debit cards - of your existing bank accounts - for your UPI needs ?

Wanted to link the Rupay credit card to a UPI app.

 

[sidmal]

Which Rupay CC you want to get ?

From what I gathered from the forums, the Tata Neucard Rupay variant seems to offer the best returns (maybe). I have the Visa variant of this card. So was looking at other options like the Kotak League Rupay or the ones from Bank of Baroda or PNB ones.

 

[shrewdoc]

Hi all,

I have 5 credit cards but I dont have any Rupay variant. I want to apply for one but the problem is related to number of enquiries in my CIBIL report.

My credit profile is almost 4 years old and I have 14 enquiries till date. Out of those 14, 13 are in the last 3 months alone - 8 in October, 4 in November and 1 in December. I feel if I apply for a new credit card now, there is a high chance of it getting rejected due to ths reason.

What would you suggest -

1. Apply for the new credit card now
2. Wait another month or two before applying

Thanks

Which cards you currently have? Maybe if Rupay variant of your current card already exists, you can convert from existing network without additional cibil hit.

 

[SSV]

From what I gathered from the forums, the Tata Neucard Rupay variant seems to offer the best returns (maybe). I have the Visa variant of this card. So was looking at other options like the Kotak League Rupay or the ones from Bank of Baroda or PNB ones.

If you apply now for Kotak league you would instantly get it ..

 

[SSV]

From what I gathered from the forums, the Tata Neucard Rupay variant seems to offer the best returns (maybe). I have the Visa variant of this card. So was looking at other options like the Kotak League Rupay or the ones from Bank of Baroda or PNB ones.

You can also covert your Tata Neu visa to Rupay

 

[sidmal]

You ca also covert your Tata Neu visa to Rupay

I wish I could tell you the whole story behind that card. I have converted this card twice already - Visa - Rupay - Visa. Dont ask why.

 

[SSV]

From what I gathered from the forums, the Tata Neucard Rupay variant seems to offer the best returns (maybe). I have the Visa variant of this card. So was looking at other options like the Kotak League Rupay or the ones from Bank of Baroda or PNB ones.

You can apply now for your Kotak league card and can thank me later..
This no of enquiries is over rated..
You already have history of 4 years..

Best wishes

League Platinum Credit Card | 8 Reward Points - No Joining Fees

Apply for league platinum credit card online to earn up to 8 reward points on every Rs.150 spent, fuel surcharge waiver & priority assistance. No Joining Fees or Non Annual Fees.

www.kotak.com

 

[sidmal]

If you apply now for Kotak league you would instantly get it ..

Now I'm tempted to apply 😀

 

[SSV]

I wish I could tell you the whole story behind that card. I have converted this card twice already - Visa - Rupay - Visa. Dont ask why.

Don’t tell me also .. please save me 🙂 😉

 

[SSV]

Now I'm tempted to apply 😀

All the best and let’s know.. you will get it

 

[sidmal]

All the best and let’s know.. you will get it

Thanks. Lets see.

 

[SSV]

Thanks. Lets see.

Go thru this before you apply, gives you some idea of application process

Post in thread 'Kotak League Platinum - RuPay/Visa is being offered LTF'
https://www.technofino.in/community...y-visa-is-being-offered-ltf.13827/post-377724

 

[sidmal]

Go thru this before you apply, gives you some idea of application process

Post in thread 'Kotak League Platinum - RuPay/Visa is being offered LTF'
https://www.technofino.in/community...y-visa-is-being-offered-ltf.13827/post-377724

Thanks for the link. Appreciate it.

 

[Shubham Yadav]

You can apply now for your Kotak league card and can thank me later..
This no of enquiries is over rated..
You already have history of 4 years..

Best wishes

League Platinum Credit Card | 8 Reward Points - No Joining Fees

Apply for league platinum credit card online to earn up to 8 reward points on every Rs.150 spent, fuel surcharge waiver & priority assistance. No Joining Fees or Non Annual Fees.

www.kotak.com

Existing card holder can get second card ?

 

[SSV]

Existing card holder can get second card ?

No . . , I think