Help needed for Onecard sbm bank

[Wizard]

I have Onecard credit card by SBM bank.The credit card was backed by fixed deposits. The bank was reporting to CIBIL as unsecured credit card. I have raised dispute on CIBIL to change it as secured credit card which was rejected by SBM bank. I heard secured accounts will have a positive impact on CIBIL score. What should I do now? Please guide

 

[signior-x]

Same issue is I am facing. I am not closing the card just because it's my oldest card.

 

[Raaghul5]

I have Onecard credit card by SBM bank.The credit card was backed by fixed deposits. The bank was reporting to CIBIL as unsecured credit card. I have raised dispute on CIBIL to change it as secured credit card which was rejected by SBM bank. I heard secured accounts will have a positive impact on CIBIL score. What should I do now? Please guide

Take the ombudsman way.

 

[Wizard]

Same issue is I am facing. I am not closing the card just because it's

Same issue is I am facing. I am not closing the card just because it's my oldest card.

Yes as it was my first and oldest credit card I also didn't want to close it. But how to change the card type to secured type.

 

[Wizard]

Take the ombudsman way.

Will they help for this type of query?

 

[White_Fox]

I have Onecard credit card by SBM bank.The credit card was backed by fixed deposits. The bank was reporting to CIBIL as unsecured credit card. I have raised dispute on CIBIL to change it as secured credit card which was rejected by SBM bank. I heard secured accounts will have a positive impact on CIBIL score. What should I do now? Please guide

OneCard generally provides a credit limit of approximately 110% of your fixed deposit (FD). So if your FD is of ₹10,000, OneCard will provide a credit limit of ₹11,000. Therefore, it will show up as an unsecured card on credit reports.

Credit cards that show as secured cards on the credit reports provide credit limits less than the FD.