Which among ICICI vs Axis vs HDFC is Easiest to get LTF CC without CIBIL by maintaing balance,FD ?

[harshn]

Hello intelligent folks,
I m 27, self employed with only 2 lac ITR. I never had any credit cards or any CIBIL score (Since kept all funds in SBI from 10 years 😭😥).
I can manage 4-7 lac FD , 30k savings account balance. This amount will decrease in future, after I get my CC , since, I will buy stocks from that money.
Also in future I might have to open one as salary account amongst ICICI or HDFC so maybe that time I can bargain(if possible at that time) for LTF CC before opening account, keep that in mind while suggesting, also I'm not much interest in secured FD based card.

Also I do not spend via DC , rarely once or twice a year on Flipkart/Amazon., I will receive NEFT amount twice this financial year only. Most of my payments r debit via UPI.

1. Which savings account should I open to get pre approved UNSECURED LTF card (LTF is must have condition for me) amongst ICICI , AXIS , HDFC ? Paid CC only of Axis Bank like Ace/Airtel makes sense for me, since I don't spend much or travel via flight.

2. Axis gives pre approved offers without CIBIL or not ?

3. Without AXIS saving account , getting Neo or MyZone will also be not possible c2c basis or even after being salaried in future ?

4. After getting card from one Bank i can switch my funds in other other 2
one by one , so what should be the order, keeping in mind I have no history of cc , no CIBIL score.

5. Does these 3 banks , mainly Axis give pre approved offers better to New accounts(6 months to 18 months) or old accounts (3-8 years old) ?

6. While opening account i can't enter salaried since it asks for employer details, so will HDFC only give preapproved offers for biz grow etc types cards for self employed ? What about ICICI, AXIS ?

7. Does branch address pin code (not our address pin code) matter for offering CC or not? What about branch being rural or semi urban or urban ?

8. R these 3 banks not accepting (or majorly rejecting), card to card basis applications ?

9. HDFC co-branded cards like Swiggy or Tata neu r sometimes not eligible for Flipkart/Amazon sale 10% discount on electronics? Similarly for Amazon pay ICICI also ?

Some more queries but less imp :

10. HDFC salary account(without classic) gives free Debit Card or not ?

11. ICICI privilege (family 360) can be downgraded automatically by algorithm or by RM , if not maintained enough funds? Has someone faced this till now?

12. Can we block ICICI DC or still survive any way without debit card GRID? Even FD can't be broken without GRID no? not even via branch or via customer care?

 

[6ix9ine]

Hello intelligent folks,
I m 27, self employed with only 2 lac ITR. I never had any credit cards or any CIBIL score (Since kept all funds in SBI from 10 years 😭😥).
I can manage 4-7 lac FD , 30k savings account balance. This amount will decrease in future, after I get my CC , since, I will buy stocks from that money.
Also in future I might have to open one as salary account amongst ICICI or HDFC so maybe that time I can bargain(if possible at that time) for LTF CC before opening account, keep that in mind while suggesting, also I'm not much interest in secured FD based card.

Also I do not spend via DC , rarely once or twice a year on Flipkart/Amazon., I will receive NEFT amount twice this financial year only. Most of my payments r debit via UPI , few r via net banking payment.

1. Which savings account should I open to get pre approved UNSECURED LTF card (LTF is must have condition for me) amongst ICICI , AXIS , HDFC ? Paid CC only Axis Ace/Airtel makers sense for me, since I don't spend much.

2. HDFC salary account(without classic) gives free Debit Card or not ?

3. HDFC co-branded cards like Swiggy or Tata neu r sometimes not eligible for Flipkart/Amazon sale 10% discount on electronics? Similarly for Amazon pay ICICI also ?

4. While opening account i can't enter salaried since it asks for employer details, so will HDFC only give preapproved offers for biz grow etc types cards for self employed ? What about ICICI, AXIS ?

5. R these 3 banks not accepting (or majorly rejecting), card to card basis applications ?

6.Without AXIS saving account , getting Neo or MyZone will also be not possible c2c basis or even after being salaried in future ?

7. ICICI privilege (family 360) can be downgraded automatically by algorithm or by RM , if not maintained enough funds? Has someone faced this till now?

8. Can we block ICICI DC or still survive any way without debit card GRID? Even FD can't be broken without GRID no, not even via branch or via customer care?

1. ICICI/HDFC can be good if you open a good saving account and do good volume of transactions for 6-7 months. You will start receiving pre-approved offers and eventually, a LTF one soon.

2. With salary account, you can choose any debit card. It's completely free. However, you can otp for "saving max" variant in HDFC which will ensure you a LTF debit card, whichever version you wanna choose (millennia or platinum)

3. HDFC cobranded cards doesn't work on sales. As for amazon pay it reduce the 5% cashback to 1% (during sales) but not so often.

4. No, you will get offers for moneyback, indian oil, etc. ICICI can be another one which gives a LTF card but their reward system is trash. Not sure about Axis.

5. This is a tricky one, some says it's working whereas other says it doesn't work anymore. You have to try from your own end.

6. With salaried, it's possible even if you don't hold account.

7 and 8, no idea.

 

[pothi]

That's a hell lot of questions than what I expected to see when I saw the title. 😁

For the title question.... ICICI is the first choice. With a bit of shopping on Amazon, you don't even need an (SB) account in ICICI (to get Amazon Pay CC). Second choice is Axis (with Liberty account). HDFC doesn't give LTF as quickly as the other two. So, last choice.

 

[harshn]

5. This is a tricky one, some says it's working whereas other says it doesn't work anymore. You have to try from your own end.

6. With salaried, it's possible even if you don't hold account.

7 and 8, no idea.

These r ans to which ques no. ? Actually i edited the post 😔🤦🏻

 

[Dazzwilliams]

These r ans to which ques no. ? Actually i edited the post 😔🤦🏻

. . .

 

[Swastik]

7 and 8, no idea.

I'll take it from here,

7. I've heard that services at ICICI Semi Urban and Rural branches are very good, RMs are much more accommodating towerds people who maintain good relationship value or have good salary

8.Axis easily accepts card to card application offline, you just need to find a local bank agent
HDFC doesn't, and while I'm not sure about ICICI, they as it is give out LTF cards with high limits easily, people generally use ICICI cards for C2C applications with other banks

9. Yes, co branded cards like ICICI Amazon Pay are not eligible for offers on Amazon

10.Yes ,free DC on salary account at HDFC

11. ICICI usually doesn't downgrade 360 Family account as most people who got privilege status get it through 4L+ limit cards, and they continue holding the same

12. No can't survive without Debit card mapped to your ICICI account as grid is required for many transactions and actions on internet banking

 

[6ix9ine]

These r ans to which ques no. ? Actually i edited the post 😔🤦🏻

. . .

 

[sidp]

Hello intelligent folks,
I m 27, self employed with only 2 lac ITR. I never had any credit cards or any CIBIL score (Since kept all funds in SBI from 10 years 😭😥).
I can manage 4-7 lac FD , 30k savings account balance. This amount will decrease in future, after I get my CC , since, I will buy stocks from that money.

Ignore this 1st part If you don't like free advice: If you have limited earning/savings STAY AWAY FROM STOCKS. At best you can look at large/ mid cap stable mf that too if you are sure you don't need it back in less than year. This should be treated as emergency fund . Keeping it as fd under senior citizen parents/grand parents in sfb might be best option. (Premature withdrawal for senior citizen in most sfb warrants no fine. Plus they give good rate. Just make sure amount is <5L.

1. Which savings account should I open to get pre approved UNSECURED LTF card (LTF is must have condition for me) amongst ICICI , AXIS , HDFC ? Paid CC only of Axis Bank like Ace/Airtel makes sense for me, since I don't spend much or travel via flight.

You can never be sure but all 3 generally give credit card offer after 1 financial quarter. So you might start getting offer around Feb for their year end target. Ltf from hdfc is highly unlikely at that balance. You can get ltf offer from axis(neo/myzone) , icici( platinum). If you use fk/Amazon/tata neu regularly you check there for cobranded cards. Only Amazon icici would be ltf.

2. Axis gives pre approved offers without CIBIL or not ?

Yes. But limit mostly depends on savings balance. Most people who keep min bal get around 15k limit.

3. Without AXIS saving account , getting Neo or MyZone will also be not possible c2c basis or even after being salaried in future ?

Nothing like that.

4. After getting card from one Bank i can switch my funds in other other 2
one by one , so what should be the order, keeping in mind I have no history of cc , no CIBIL score.

Axis and icici should be 1st priority. Apay icici is great card plus ltf. You can also make fd card in icici wait for 3-6 months. Apply apay icici card, once you get that you can close the fd card. This way you will get much higher cl.

5. Does these 3 banks , mainly Axis give pre approved offers better to New accounts(6 months to 18 months) or old accounts (3-8 years old) ?

Icici gives better offer to old customers. Axis and hdfc for new customer. In hdfc if you dont take 1st offer ,they generally give better offer. But there is a chance they can degrade offer both in terms of card variant and cl. 1st offer they gave me was ltf regalia gold( i didn't check but cl must be>3L) > paid millenia( don't remember exactly ~55-70k) >ltf millenia(>1l).

6. While opening account i can't enter salaried since it asks for employer details, so will HDFC only give preapproved offers for biz grow etc types cards for self employed ? What about ICICI, AXIS ?

generally hdfc gives biz cards to self employed. you can get normal cards too through offline application. So it will be paid/fyf and would require better relationship value with bank as you aren't interested in fd cards.

7. Does branch address pin code (not our address pin code) matter for offering CC or not? What about branch being rural or semi urban or urban ?

These 3 offer card in most places. Pincode is factor with smaller players.

9. HDFC co-branded cards like Swiggy or Tata neu r sometimes not eligible for Flipkart/Amazon sale 10% discount on electronics? Similarly for Amazon pay ICICI also ?

yes. This time fk/amazon even excluded fuel/irctc cards which they were including earlier.

 

[harshn]

11. ICICI usually doesn't downgrade 360 Family account as most people who got privilege status get it through 4L+ limit cards, and they continue holding the same

Actually i was asking abt downgrade without CC with around 2 lac FD.

 

[harshn]

I'll take it from here,

Actually first 6 ques were most imp

 

[6ix9ine]

Actually first 6 ques were most imp

Go for ICICI FD backed CC, build cibil

Use that CC for everything.

Try C2C, don't miss your payment

Build a good history of cibil first, it will take time for sure but the future rewards will be fruitful.

Take your time with it, understand everything slowly. Good luck.

 

[Swastik]

Actually i was asking abt downgrade without CC with around 2 lac FD.

If you maintain 2L FD, you won't be downgraded,
As such don't worry too much,
ICICI is chill overall, they'll downgrade Wealth to Privilage but usually don't downgrade Privilage accounts,

HDFC is slightly more stringent, but I'm not maintaining much and account is still preferred,

Axis is most serious when it comes to account category, they'll downgrade Burgundy within a month, at max quater if you don't maintain

 

[Swastik]

Actually first 6 ques were most imp

Alright I'll give my take on these as well

1. Both ICICI and Axis are equally good for pre-approved LTF C/c, ICICI is most generous with limits
HDFC might offer you something but most likely paid and that too very basic, plus upgrades and limit enhancement is a hassle with them

2. Now this is tricky, getting anything without Cibil is difficult even with Pre-approved you might get declined

3. Yes, getting any basic and premium cards from axis easy even without account, C2C works offline only not online
Last yr i got Magnus and Vistara Signature Cards without any previous relationship just by C2C offline

4. I'm not sure what you're asking here,
If you're asking whether you can get a FD secured card and then move funds without closing card then no, you can't
If you're asking about pre-approved card by maintaining funds in your account then yes you can move funds without affecting your card

5. Account age doesn't matter as much as other things like Cibil, Transactions, Balance etc,
But ICICI tends to be generous to older Account holder in my experience

6. If you're opening just savings account and not salaried, you can put salaried in form, no problem, no one is going to ask you about your employer details

 

[harshn]

4. I'm not sure what you're asking here,
If you're asking whether you can get a FD secured card and then move funds without closing card then no, you can't
If you're asking about pre-approved card by maintaining funds in your account then yes you can move funds without affecting your card

4. After getting card from one Bank i can switch my funds in other other 2
one by one , so what should be the order, keeping in mind I have no history of cc , no CIBIL score.

By this I mean I will open all 3 accounts but one at a time , after getting 1-2 LTF card from that acc , i will close that acc or only keep min balance and transfer funds to another one after opening acc there , also maybe I'll have to open salary acc one amongst these so what shud b the sequence of approaching like
initially Axis -> then HDFC salary -> then ICICI or
initially HDFC -> then ICICI salary -> then Axis or
initially Axis -> then HDFC -> then ICICI , or initially ICICI -> then Axis -> then HDFC(salary or even without salary)
keep in mind initially I don't have CIBIL, self employed , very few DC spends; salary acc opening chances r 95% but after 1.5 year.
So whatever is best offering preapproved without CIBIL should b kept 1st and whatever is best offering preapproved only for salary accounts should be kept accordingly, whatever is never (or lesser chance) offering without CIBIL should b kept last, whichever gives new accounts better offers shud b kept in middle or last bcz later I'll get salaried with gud salary or even if not income will increase , likewise u hav to think, adjust order and tell.

Also can HDFC give moneyback LTF with 1L limit if I initially start with it as self employed without CIBIL with 5 lac FD ?

Now pls suggest 🙏🏻
Thanx for ur replies 🙏🏻 & in advance 🙏🏻

 

[Swastik]

By this I mean I will open all 3 accounts but one at a time , after getting 1-2 LTF card from that acc , i will close that acc or only keep min balance and transfer funds to another one after opening acc there , also maybe I'll have to open salary acc one amongst these so what shud b the sequence of approaching like
initially Axis -> then HDFC salary -> then ICICI or
initially HDFC -> then ICICI salary -> then Axis or
initially Axis -> then HDFC -> then ICICI , or initially ICICI -> then Axis -> then HDFC(salary or even without salary)
keep in mind initially I don't have CIBIL, self employed , very few DC spends; salary acc opening chances r 95% but after 1.5 year.
So whatever is best offering preapproved without CIBIL should b kept 1st and whatever is best offering preapproved only for salary accounts should be kept accordingly, whatever is never (or lesser chance) offering without CIBIL should b kept last likewise.

Also can HDFC give moneyback LTF with 1L limit if I initially start with it as self employed without CIBIL with 5 lac FD ?

Now pls suggest 🙏🏻
Thanx for ur replies 🙏🏻 & in advance 🙏🏻

Alright, so you have ran all permutations between these 3 accounts, and now you want to know which path to proceed on

Well it's really difficult to tell as there're no guarantees to anything,

But here are a few general things i can tell

1. ICICI is the easiest one to get Pre Approved LTF card imo, followed by Axis,
HDFC is best if you've a salary account with them

2. You cannot open salary account if you don't actually have salary incoming every month as banks require you to give employer details and for salary to be credited every month

3. It's difficult to get any unsecured card without Cibil score, might be easier with salary account but no surety here

4. In any case if you do get an unsecured card from any account, closing the account later will not affect the card

5. As far as Moneyback LTF on 5L FD, you can walk into your nearest branch and negotiate with people there, 5L FD is no joke by any means, they should be able get you Millennia LTF i think,
But problem here will be no cibil, for this branch employees will have to try little harder, but 5L FD should be enough motivation to do so

 

[harshn]

@Swastik
Yes i know what salary account means.
What do u think abt new account vs old account :

, whatever is never (or lesser chance) offering without CIBIL should b kept last, whichever gives new accounts better offers shud b kept in middle or last bcz later I'll get salaried with gud salary or even if not income will increase , so better offers shud b kept for later, likewise u hav to think, adjust order and tell.

will that affect ur order ?

 

[Swastik]

@Swastik
Yes i know what salary account means.
What do u think abt new account vs old account :


will that affect ur order ?

I'm having a hard time grasping your whole situation, and you're getting caught up in trivial things like age of account which really doesn't matter that much
So you're self employed now and will get salaried later

HDFC tends to be most stringent when it comes to Cibil, Salary and Transactions, but that also can be managed by waving a 5L cheque under branch employees nose

ICICI > Axis imo when comes to getting pre approved cards, although they're quite similar to be honest

Getting anything is difficult without CIBIL or ITR, but you've got that 5L Fund to your advantage, you can use it to negotiate with any bank you want, see how they respond