Which axis bank account should i open for pre approved offers?

[alixonthego]

I am thinking of opening an Axis Bank account to get a pre-approved offer since HDFC is giving me none. Which account should I open? And what balance should I maintain?

I currently have 777 cibil with 1.3 years in age of credit profile

 

[6ix9ine]

Axis Liberty, though there are charges but decent account once you understand everything.

 

[alixonthego]

Axis Liberty, though there are charges but decent account once you understand everything.

I was considering Axis Liberty but the branch employees keep trying to sell me higher tier options with lakhs in AQB to get pre approved so I became uncertain

How much balance would be good to maintain?

 

[6ix9ine]

I was considering Axis Liberty but the branch employees keep trying to sell me higher tier options with lakhs in AQB to get pre approved so I became uncertain

How much balance would be good to maintain?

Liberty needs 25K only.

It's completely upto you, if you have the money then go straight for the burgundy account.

 

[ahtsham]

I was considering Axis Liberty but the branch employees keep trying to sell me higher tier options with lakhs in AQB to get pre approved so I became uncertain

How much balance would be good to maintain?

My axis cc was rejected last year in August. So opened liberty account and maintained around 50k and got pre-approved cc offer after 4 months.

 

[alixonthego]

Liberty needs 25K only.

It's completely upto you, if you have the money then go straight for the burgundy account.

Would 40k be a good amount to maintain?

 

[alixonthego]

My axis cc was rejected last year in August. So opened liberty account and maintained around 50k and got pre-approved cc offer after 4 months.

Which card did you get? And what was the cl you were offered? Also do you think 40k would be good amount to maintain?

 

[6ix9ine]

Would 40k be a good amount to maintain?

Yes, it's more than enough. There is mainly a debit card charge and sms charges per quarter.

But you can milk decent benefits from this account using debit card on weekends and 750GV per quarter, for more information refer the liberty brochure on axis website.

 

[ahtsham]

Which card did you get? And what was the cl you were offered? Also do you think 40k would be good amount to maintain?

Axis airtel with 5 lakh limit.
Yes 40k is a good amount. But try to keep as much as possible even if for short time. Also this is not sure shot method. No one can guarantee.

 

[SSV]

Would 40k be a good amount to maintain?

SBLBR will be good enough.. keeping above 25K will be fine.. I got so many pre approved offers for more than 10 cards.. just keep transacting with bank account.. example: paying other bank CC bills thru CRED etc.. all the best

 

[ahtsham]

SBLBR will be good enough.. keeping above 25K will be fine.. I got so many pre approved offers for more than 10 cards.. just keep transacting with bank account.. example: paying other bank CC bills thru CRED etc.. all the best

Yes, I kept transacting but only on cc bills on cred for quarterly spends of 60k. No other spends done.

 

[aniketkr.sharma]

I am thinking of opening an Axis Bank account to get a pre-approved offer since HDFC is giving me none. Which account should I open? And what balance should I maintain?

I currently have 777 cibil with 1.3 years in age of credit profile

No one if want peace

 

[alixonthego]

SBLBR will be good enough.. keeping above 25K will be fine.. I got so many pre approved offers for more than 10 cards.. just keep transacting with bank account.. example: paying other bank CC bills thru CRED etc.. all the best

Thanks for the guidance on account maintenance

I have just opened the Liberty account at a branch with 40k UPI transaction done to the account. Though I will add another 10k by end of month to maintain 50K MAB

As you suggested, I should use this account to pay credit card bills through CRED. So will it be a viable and good usage if I do 50k as base maintenance and I transfer another 30-50k every month into the account to pay CC bills?

And as for transactions, if I purchase something on maybe zomato or Blinkit every now and then, that is also ok right?

Also last thing, should I start paying the cc bills from next week onwards or wait till next month bill? There is an existing cc bill with IDFC due for 1 June from last cycle

 

[SSV]

Thanks for the guidance on account maintenance

I have just opened the Liberty account at a branch with 40k UPI transaction done to the account. Though I will add another 10k by end of month to maintain 50K MAB

As you suggested, I should use this account to pay credit card bills through CRED. So will it be a viable and good usage if I do 50k as base maintenance and I transfer another 30-50k every month into the account to pay CC bills?

And as for transactions, if I purchase something on maybe zomato or Blinkit every now and then, that is also ok right?

Also last thing, should I start paying the cc bills from next week onwards or wait till next month bill? There is an existing cc bill with IDFC due for 1 June from last cycle

You can do transactions and cc bill payments straight away.. no need to wait..
But try to do regular transactions at least every week...

 

[alixonthego]

You can do transactions and cc bill payments straight away.. no need to wait..
But try to do regular transactions at least every week...

Thanks, I will do as you instructed

Thank you to everyone else also for the help 🙂