Will a Secured CC be counted as Secured Accounts in CIBIL?

[Credit_Cards]

Hi,

My CIBIL is having a red marking and not able to improve CIBIL infact it went from 800+ to 751 (danger line) overtime. I was wondering if adding asecured account will add value and I do not have a home or vehicle loan requirement was wondering if a FD backed secured CC be counted as secured account.


I already have secured One Card but it is reported as unsecured by SBM in CIBIL. Please highlight which banks report a FD backed CC as secured in CIBIL.

Thank you

 

[Tejo]

Hi,

My CIBIL is having a red marking and not able to improve CIBIL infact it went from 800+ to 751 (danger line) overtime. I was wondering if adding asecured account will add value and I do not have a home or vehicle loan requirement was wondering if a FD backed secured CC be counted as secured account.


I already have secured One Card but it is reported as unsecured by SBM in CIBIL. Please highlight which banks report a FD backed CC as secured in CIBIL.

Thank you

Axis, kotak, hdfc 💯

Sbi, pnb, bob ... not sure

 

[Credit_Cards]

just confirmed, even ICICI report as secured

 

[Shin-Chan]

Axis, kotak, hdfc 💯

Sbi, pnb, bob ... not sure

HDFC do not report as secured FD.

ICICI, Yes, Kotak report secured 100%

HDFC, RBL, PNB, BoB, IDFC, IndusInd report unsecured 100%.

 

[Tejo]

HDFC do not report as secured FD.

ICICI, Yes, Kotak report secured 100%

HDFC, RBL, PNB, BoB, IDFC, IndusInd report unsecured 100%.

Few in TF said reported as both secured and unsecured.

We can't predict dfc

 

[Shin-Chan]

I talked to BM he told they will report as unsecured.


but more interesting was ICICI who told me they are discontinuing platinum CC and FD backed CC will not be LTF; will visit branch sometime to check offline.


If this credit mix helps in CIBIL its worth to have a small percentage of CC as secured.