Closing all sort of relationship with a bank

[CyberPsych]

If I close all sorts of accounts (savings, current, credit, loan, etc accounts) with a specific bank, will they delete all my data from their servers? If yes, how long it will take?

If I apply for a credit card or load after, say 180 days, will I be considered as a new customer or customer with existing relationship because there is history of relationship?

 

[SSV]

Only FK Axis card. Approved on May 30, 2023.

Okay do this , in this order…

1) close your FK card immediately I.e tomorrow..
It’s a waste card anyway that too you have it as paid

2) open a liberty sb account online tomorrow itself..

3) wait for pre approved offers. You would most likely get them in around 1 month..

apply thru Airtel app, you will get it definitely…

Before closing FK, take any axis basic core card thru CC .. this will definitely help you in getting Airtel card

 

[CyberPsych]

One more option, try changing details as per CIBIL and PAN in airtel app and try again.

I tried that too with CIBIL report generated through Axis bank website. My gender was marked as Female in CIBIL and income was marked as 60,00,12,000. I even entered these as is, still same issue. (Now I have disputed and changed gender in CIBIL)

 

[CyberPsych]

1) close your FK card immediately I.e tomorrow..
It’s a waste card anyway that too you have it as paid

2) open a liberty sb account online tomorrow itself..

3) wait for pre approved offers. You would most likely get them in around 1 month..

apply thru Airtel app, you will get it definitely…

Sure I will try

you will get it definitely…

You seem to be sure, did you know anyone who succeeded with this method?

take any axis basic core card

Why another card?

 

[SSV]

Why another card

Because having both deposit and credit accounts clears the path to get any other new credit products

 

[SSV]

You seem to be sure, did you know anyone who succeeded with this method?

Yes, I guess I know myself well!!

 

[rp0703]

If I close all sorts of accounts (savings, current, credit, loan, etc accounts) with a specific bank, will they delete all my data from their servers? If yes, how long it will take?

If I apply for a credit card or load after, say 180 days, will I be considered as a new customer or customer with existing relationship because there is history of relationship?

Bank have to comply with various laws that direct them to store data and identity of a customer. Like under prevention of money laundering act banks need to store customer data for atleast 5 to 10 years years from the end of their business relationship with the customer. So you will always be customer with existing relationship.

 

[CyberPsych]

close your FK card immediately I.e tomorrow..

While closing FK axis can I ask customer care to convert FK Axis to some other card like Neo or MyZone?

 

[SSV]

Bank have to comply with various laws that direct them to store data and identity of a customer. Like under prevention of money laundering act banks need to store customer data for atleast 5 to 10 years years from the end of their business relationship with the customer. So you will always be customer with existing relationship.

Yes this is correct..
But that doesn’t necessarily mean that they should take this info into consideration while granting CCs …

 

[SSV]

While closing FK axis can I ask customer care to convert FK Axis to some other card like Neo or MyZone?

Simple answer No, FK a co branded card can’t be converted into a core card

 

[CyberPsych]

Simple answer No, FK a co branded card can’t be converted into a core card

Okay then, I will apply seperately

 

[helloworld]

While closing FK axis can I ask customer care to convert FK Axis to some other card like Neo or MyZone?

Converted to myzone ltf from fk when I asked them to make fk as LTF. But that was last year beginning and happened through pno.

 

[SSV]

While closing FK axis can I ask customer care to convert FK Axis to some other card like Neo or MyZone?

Simple answer No, FK a co branded card can’t be converted into a core card

Okay then, I will apply seperately

Do this

Before the step 1 that I gave you above, do this :

0.1) Call CC tomorrow and ask if there are any pre approved offers.. there should be some .. then you can get it with just giving a consent

 

[SSV]

Converted to myzone ltf from fk when I asked them to make fk as LTF. But that was last year beginning and happened through pno.

Good to know that even though it’s through PNO

 

[CyberPsych]

Do this

Before the step 1 that I gave you above, do this :

0.1) Call CC tomorrow and ask if there are any pre approved offers.. there should be some .. then you can get it with just giving a consent

Okay, thanks. I will try tomorrow

 

[SSV]

Okay, thanks. I will try tomorrow

No worries..

If you don’t like what you have as pre approved offers, then you can ask them
1) can you convert the current FK to any other basic card? If they say no.
2) Ask them to close FK and then retention team will call you and ask them the same question ..
In any case close the crap FK card and try to get some basic card along with this exercise..

Even if you couldn’t get any core card also , it’s not the end of the world..

We can try different things..

Best wishes
Good night

 

[CyberPsych]

No worries..

If you don’t like what you have as pre approved offers, then you can ask them
1) can you convert the current FK to any other basic card? If they say no.
2) Ask them to close FK and then retention team will call you and ask them the same question to them..
In any case close the crap FK card and try to get some basic card along with this exercise..

Even if you couldn’t get any core card also , it’s not the end of the world..

We can try different things..

Best wishes
Good night

Many thanks, I will keep posted with any updates.

 

[AritraSaha]

No worries..

If you don’t like what you have as pre approved offers, then you can ask them
1) can you convert the current FK to any other basic card? If they say no.
2) Ask them to close FK and then retention team will call you and ask them the same question ..
In any case close the crap FK card and try to get some basic card along with this exercise..

Even if you couldn’t get any core card also , it’s not the end of the world..

We can try different things..

Best wishes
Good night

 

[CyberPsych]

open a liberty sb account online tomorrow itself..

Should I open Liberty account only? Can I go and open an normal savings account through branch? Liberty needs 25K minimum balance, normal savings account needs 10K only (confirmed by visiting the branch)

 

[SSV]

Should I open Liberty account only? Can I go and open a normal savings account through branch? Liberty needs 25K minimum balance, normal savings account needs 10K only (confirmed by visiting the branch)

Normal also fine..
But with liberty if you spend / do wallet transfers etc for 60k in a quarter, you will get 750 GV..
Plus’s if you spend 25 k pm you don’t need to maintain 25k balance

 

[SSV]

Should I open Liberty account only? Can I go and open an normal savings account through branch? Liberty needs 25K minimum balance, normal savings account needs 10K only (confirmed by visiting the branch)

Normal also fine..
But with liberty if you spend / do wallet transfers etc for 60k in a quarter, you will get 750 GV..
Plus’s if you spend 25 k pm you don’t need to maintain 25k balance

For details:
Thread 'Axis Bank Liberty Savings Account Benefits'
https://www.technofino.in/community/threads/axis-bank-liberty-savings-account-benefits.1504/