Should I close my FD card?

[me_sovon]

I have been seeking a credit card from Axis Bank, but I have faced multiple rejections: twice for the Flipkart Axis card and twice for the MyZone credit card. I suspect that my second MyZone application was declined due to the short interval between the two applications.

During my most recent application for the MyZone credit card, a physical KYC was conducted, during which the agent suggested that I open a library account. Consequently, I now also hold a savings account with Axis Bank.

Following the rejection, I received a call from my branch advising me to consider a fixed deposit (FD) based credit card and to maintain this card for at least three months.

As I approach the end of this three-month period, I have several questions:

1. Should I close the card?
2. Should I keep it for a few more months to potentially qualify for a pre-approved offer for an unsecured card?
3. Does the pre-approved offer depend on the FD card?

My current CIBIL score is 781, and I have three unsecured credit cards.

 

[hender]

Yeahh for 15k FD, getting 12k limit.
Myzone Visa LTF
No no drawbacks even no advantage I guess. Just a secured card showing on my cibil.

BM has nothing to say, from the beginning I know that they are completing their FD target, but still thought that atleast I can use the card on Swiggy Zomato, so I took the card.

If you can keep FD, keep it, Close the। Credit card...wait for sometime, meanwhile do transaction from account, in case of urgent need, you can again create FD card.
Rest Pray 🙏, भगवान बहुत दयालु हैं

 

[me_sovon]

If you can keep FD, keep it, Close the। Credit card...wait for sometime, meanwhile do transaction from account, in case of urgent need, you can again create FD card.
Rest Pray 🙏, भगवान बहुत दयालु हैं

I understand, 3 months complete hone ke baad call pe ek unsecured card ka request karke dekhunga milta hai to achhi baat hai. Nehi to closure request dal dunga, phir ek do mahine baad FD bhi close kar dunga

 

[hender]

Yeahh I'm doing All my daily transaction from this account and maintaining the 25k balance. After completing the 3 months, I am gonna close the fd card, as it's only have 12k limit and no Swiggy Zomato offers are applicable so it's totally waste to continue.

Hey,
Someone asked me Axis myZone Rupay CC on FD, For 15-18 K FD
1- 80% or 90% FD Limit ?
2- Is it possible to increase /decrease FD/FD card limit later ?
3- can 2nd FD card be issued for higher FD Limit, later?
4-For sale offer Amz, FK for mobile etc FD card get Disc ?
5-Any charges for Opening/Closing FD card?
6- Axis myZone RuPay - do they offer Free benefits ? is it good in UPI pymt ?
7- If just use with full limit for purchase online, and repay same time, Will it count as 100% utilisation ?

Yeahh for 15k FD, getting 12k limit.
Myzone Visa LTF
No no drawbacks even no advantage I guess. Just a secured card showing on my cibil.

BM has nothing to say, from the beginning I know that they are completing their FD target, but still thought that atleast I can use the card on Swiggy Zomato, so I took the card.

 

[me_sovon]

Hey,
Someone asked me Axis myZone Rupay CC on FD, For 15-18 K FD
1- 80% or 90% FD Limit ?
2- Is it possible to increase /decrease FD/FD card limit later ?
3- can 2nd FD card be issued for higher FD Limit, later?
4-For sale offer Amz, FK for mobile etc FD card get Disc ?
5-Any charges for Opening/Closing FD card?
6- Axis myZone RuPay - do they offer Free benefits ? is it good in UPI pymt ?
7- If just use with full limit for purchase online, and repay same time, Will it count as 100% utilisation ?

80% of the FD limit

I think it's not possible to increase or decrease the FD limit, I didn't see any option so I'm not sure

Also still there is an option available for FD card, so maybe it's possible to take another FD card, but I think it's possible after 3 months of the first one.

On flipkart Amazon it will work as normal core card

Premature closure charges are there on the interest amount, but no idea about the exact amount, maybe 3 to 4% I'm not sure

In my case I asked them for s rupay varient but after creating the FD I was getting only visa and master card option, my RM told me that on rupya card is available for FD cards

If you use your 100% and repayment the full amount it will not count as 100% also it takes 24 to 48 hours to update the amount, so if you repay the amount instantly, it will not harm your utilisation

 

[hender]

80% of the FD limit

I think it's not possible to increase or decrease the FD limit, I didn't see any option so I'm not sure

Also still there is a option available for FD card, so maybe it's possible to take another FD card, but I think it's possible after 3 months of the first one.

On flipkart Amazon it will work as normal core card

Premature closure charges are there on the interest amount, but no idea about the exact amount, maybe 3 to 4% I'm not sure

In my case I asked them for s rupay varient but after creating the FD I was getting only visa and master card option, my RM told me that on rupya card is available for FD cards

If you use your 100% and repayment the full amount it will not count as 100% also it takes 24 to 48 hours to update the amount, so if you repay the amount instantly, it will not harm your utilisation

Thanks a lot buddy, few more
1- Cibil hit or not ?
2- FD Card opening closing charges, not FD premature charge?
3- Timeline of the complete process?

 

[me_sovon]

Thanks a lot buddy, few more
1- Cibil hit or not ?
2- FD Card opening closing charges, not FD premature charge?
3- Timeline of the complete process?

Yes cibil was hit
LTF Card so no charges for card
10 minutes to create the fd and complete the card selection
less than 24 hours to receive the approval sms and virtual card

 

[pvrk5694]

If you have axis general saving account then close axis fd card try to open kotak 811 dream different rupay fd card with 10K fd & lifetime free use it for 6 to 12 months and get good cibil score of 780+ and file itr with 4-5 lakhs if you are self employed then try axis myzone or neo entry card once you get you can slowly get higher card based on usage axis FD Card has worst benefits right now best fd creditcard was kotak 811 dream different rupay variant. If you have loans then try to open super money or stable money fd card with 1000-2000 based on your usage

 

[me_sovon]

If you have axis general saving account then close axis fd card try to open kotak 811 dream different rupay fd card with 10K fd & lifetime free use it for 6 to 12 months and get good cibil score of 780+ and file itr with 4-5 lakhs if you are self employed then try axis myzone or neo entry card once you get you can slowly get higher card based on usage axis FD Card has worst benefits right now best fd creditcard was kotak 811 dream different rupay variant. If you have loans then try to open super money or stable money fd card with 1000-2000 based on your usage

Axis libarty account

Kotak is not serviceable in my area.

My CIBIL is 782 currently.

And I'm still studying, so it's kinda of complicated for income proof.

But I'm holding ICICI with 1 lakh, sbi with 85k , indusind with 30k limit.

Currently we have a black plan in our home, so Airtel axis is my main goal

 

[pvrk5694]

Axis libarty account

Kotak is not serviceable in my area.

My CIBIL is 782 currently.

And I'm still studying, so it's kinda of complicated for income proof.

But I'm holding ICICI with 1 lakh, sbi with 85k , indusind with 30k limit.

Currently we have a black plan in our home, so Airtel axis is my main goal

Since you have other bank cards no need of any fd card I don't know your age with out income proof you cannt get airtel axis better apply through your parents. within a year I think airtel axis getting devalued already by charging convience fee they hinting us

 

[me_sovon]

Since you have other bank cards no need of any fd card I don't know your age with out income proof you cannt get airtel axis better apply through your parents. within a year I think airtel axis getting devalued already by charging convience fee they hinting us

Okay I understand, so I will close it after this bill generation.

 

[Abhi21]

Bhai if you are either salaried / self employed getting axis card is quite easy.
No need of FDs.
Cibil enquiry keep it min atleast for 3 months automatically you will get call for axis basic entry lvl cards (neo/myzone).
From here good spends min 3 months time you will get timely upgrade option.
ICICI, SBI and AXIS are very particular about cibil enquires apart from 750+ score.
I got my sbi card then too many applications, rejections.
Gave 2 months of break, axis offer mila neo
Not much useful tho used only for offers only.
Called customer care said close it or upgrade it as it isn't much useful
Converted to privilege
Used well..
After a month seeing pre approved atlas.
Can't claim until 3 months waiting period isn't over.
Waiting for next month to claim.
3 months cool down between applications and 45 days after closing the card.

Have you tried calling customer care. Do it one as it's 3 months old now...
You may get upgraded to fk axis.

 

[me_sovon]

Bhai if you are either salaried / self employed getting axis card is quite easy.
No need of FDs.
Cibil enquiry keep it min atleast for 3 months automatically you will get call for axis basic entry lvl cards (neo/myzone).
From here good spends min 3 months time you will get timely upgrade option.
ICICI, SBI and AXIS are very particular about cibil enquires apart from 750+ score.
I got my sbi card then too many applications, rejections.
Gave 2 months of break, axis offer mila neo
Not much useful tho used only for offers only.
Called customer care said close it or upgrade it as it isn't much useful
Converted to privilege
Used well..
After a month seeing pre approved atlas.
Can't claim until 3 months waiting period isn't over.
Waiting for next month to claim.
3 months cool down between applications and 45 days after closing the card.

Have you tried calling customer care. Do it one as it's 3 months old now...
You may get upgraded to fk axis.

No few days left to complete 3 months.

And I'm still studying so I don't have any income proof.
And maybe now I understand why Axis is declined my applications, i had applied nearly 4 to 5 cards within 4 months and 2 application was only for axis.

 

[me_sovon]

Have you tried calling customer care. Do it one as it's 3 months old now...
You may get upgraded to fk axis

Does FD cards are eligible for upgrade offer? I mean for unsecured upgrade offers?