Thank You Techno fino community

[shubham__0720]

I just got my first unsecured credit card approved and i am very happy . I just became 19th in the month of November .and was holding Idfc wow and one card (both FD based) and i applied for Fk axis every 6 months but 2 times it got declined but this 3rd time .it got approved .However the limit is 15k only but I am very happy to get my first unsecured card.
Thanks everybody for the various thread on various topics.
Now looking forward for more and great credit cards.

 

[karanssh]

Congrats but you're 19, I'd suggest you don't apply for more cards until you start earning. Enjoy the cards you have now 🙂

 

[shubham__0720]

Congrats but you're 19, I'd suggest you don't apply for more cards until you start earning. Enjoy the cards you have now 🙂

I am already earning through various sources. Last year i filed ITR of 4.8L approx

 

[Rahul Gupta]

I am already earning through various sources. Last year i filed ITR of 4.8L approx

You mention 4.8L itr during application? Did they ask for income proof?

 

[shubham__0720]

You mention 4.8L itr during application? Did they ask for income proof?

Yes i mentioned it
But no proof was asked .Even the guy that came for Kyc only took the fingerprint and a picture of me and the kyc was done.

 

[Rahul Gupta]

Yes i mentioned it
But no proof was asked .Even the guy that came for Kyc only took the fingerprint and a picture of me and the kyc was done.

Cool. Congratulations for your new card.
btw a tip for you- Use just 10-20% of your limit if you want to increase it quickly.

 

[Teja Bhai]

I just got my first unsecured credit card approved and i am very happy . I just became 19th in the month of November .and was holding Idfc wow and one card (both FD based) and i applied for Fk axis every 6 months but 2 times it got declined but this 3rd time .it got approved .However the limit is 15k only but I am very happy to get my first unsecured card.
Thanks everybody for the various thread on various topics.
Now looking forward for more and great credit cards.

use wisely & built your credit score for the future..
.
Best wishes !!

 

[shubham__0720]

use wisely & built your credit score for the future..
.
Best wishes !!

Thanks a lot.

 

[shubham__0720]

Cool. Congratulations for your new card.
btw a tip for you- Use just 10-20% of your limit if you want to increase it quickly.

Really ??
because i have heard. Suppose i have a limit of 15000 so i should do 20-25k Rs transactions in a month ( but eventually i will pay before bill generation for 30% usage cibil report)

This 20-25k will let the bank know that i need more limit and they will eventually increase it.

Is it true ??

 

[HN74]

As far as I know, Axis reports Credit utilisation on month end and not on bill generation date. So do keep that in mind and ensure you don't have too high utilisation during month end either.

I am not sure if spending 20-25k on 15k limit helps with LE

 

[Rahul Gupta]

Really ??
because i have heard. Suppose i have a limit of 15000 so i should do 20-25k Rs transactions in a month ( but eventually i will pay before bill generation for 30% usage cibil report)

This 20-25k will let the bank know that i need more limit and they will eventually increase it.

Is it true ??

I am jusy sharing my experience using card too much never helps in limit enhancement. Just use randomly make some big bills and some very small.

 

[Teja Bhai]

Really ??
because i have heard. Suppose i have a limit of 15000 so i should do 20-25k Rs transactions in a month ( but eventually i will pay before bill generation for 30% usage cibil report)

This 20-25k will let the bank know that i need more limit and they will eventually increase it.

Is it true ??

False..
It will not help you for limit enhancement.
Actually it will impact you negatively..

 

[Teja Bhai]

Cool. Congratulations for your new card.
btw a tip for you- Use just 10-20% of your limit if you want to increase it quickly.

Perfect 👍

 

[shubham__0720]

False..
It will not help you for limit enhancement.
Actually it will impact you negatively..

Ok will keep that in mind.Thanks

 

[shubham__0720]

I am jusy sharing my experience using card too much never helps in limit enhancement. Just use randomly make some big bills and some very small.

Okay Will ensure that.Thanks

Btw do you have any idea when i will recieve my physical card . In flipkart app it is showing but i have not recieved any dispatch message.

 

[Rahul Gupta]

Okay Will ensure that.Thanks

Btw do you have any idea when i will recieve my physical card . In flipkart app it is showing but i have not recieved any dispatch message.

Normally 3 working days from approval message but it depends on city to city.