Finding the Perfect Secured Credit Card for CIBIL Building and Rewards! (OneCard is Out, Let's Discuss!)

[VibhavBilgoji]

Hey everyone! I'm on the mission to build a solid CIBIL score and figured a secured credit card could be my key. I was initially eyeing the OneCard, but the lack of conversion to unsecured later down the line made me reconsider.​

After browsing through the forum, I learned add-on cards don't contribute to CIBIL, which was insightful! However, my main question remains unanswered: What secured credit card offers a sweet balance of CIBIL building potential and decent reward rates?
Here's what I'm looking for:

• Strong CIBIL reporting: I want a card that consistently reports my responsible credit behavior to CIBIL.
• Decent reward rate: Earning some rewards while building credit would be a bonus! Cashback, points, travel miles - anything works!
• Reasonable fees: I understand secured cards come with fees, but I'd prefer them to be manageable.
• Conversion to unsecured (optional): If possible, having the option to convert the card to unsecured in the future would be ideal.

I've read about various options like IDFC First WOW, Gild and Fi Simplifi, but I'd love to hear your real-world experiences and recommendations!
What secured credit card do you think ticks all the boxes? Bonus points if you have experience with one that eventually converted to unsecured!
Thanks in advance for sharing your wisdom!
P.S. If I missed any crucial details, please let me know! The more informed I am, the better I can choose the right card.
P.P.S. Anyone else here skipped OneCard for the same reason? Let's discuss!

 

[varun__goel_]

Amex Add on's do reflect in Cibil report, but it does not affect credit score i think ,

Or my GF holding my Amex Plat Travel add on (and Axis Magnus & Vistara Signature as well) would've gotten some credit score by now ,but her onescore is still just blank

It does affect. My mother's score increased from 704 to 740 within a month .....😯😱

 

[VibhavBilgoji]

Amex Add on's do reflect in Cibil report, but it does not affect credit score i think ,

Or my GF holding my Amex Plat Travel add on (and Axis Magnus & Vistara Signature as well) would've gotten some credit score by now ,but her onescore is still just blank

I read about it in many thread, like this one
Post in thread 'Banks which report add-on Credit Card to Cibil' https://www.technofino.in/community...-add-on-credit-card-to-cibil.8215/post-130084

 

[Swastik]

It does affect. My mother's score increased from 704 to 740 within a month .....😯😱

Maybe for someone with an credit score already it might ,but for someone with no credit exposure or history, it seems unlikely that add on card with make credit score

 

[Swastik]

I read about it in many thread, like this one
Post in thread 'Banks which report add-on Credit Card to Cibil' https://www.technofino.in/community...-add-on-credit-card-to-cibil.8215/post-130084

I see ,well in that case I'll just wait and watch

 

[varun__goel_]

Maybe for someone with an credit score already it might ,but for someone with no credit exposure or history, it seems unlikely that add on card with make credit score

It does help, it 's the way many have adopted to get their 1st card.

Check credit score from Axis portal

OneScore is naughtyyy

 

[Swastik]

It does help, it 's the way many have adopted to get their 1st card.

Check credit score from Axis portal

OneScore is naughtyyy

Will do that

 

[Swastik]

Also the add on Amex doesn't show any credit limit or utilization, just an Amex card with Payments being made on time
(i had an Amex MRCC from my dad few yrs back)

But it does build relationship with Amex ,like my own Plat Travel say member since 2020 ,but i got my own card in late 2022 ,so they keep record of add on card members as well

 

[sidp]

Amex Add on's do reflect in Cibil report, but it does not affect credit score i think ,

Or my GF holding my Amex Plat Travel add on (and Axis Magnus & Vistara Signature as well) would've gotten some credit score by now ,but her onescore is still just blank

That's what I also said. All usage & payment history is reflected on primary card only. How can issuer report single spend on multiple accounts.

Though I ve heard that getting add on/corporate amex helps in getting personal amex card.

 

[Swastik]

That's what I also said. All usage & payment history is reflected on primary card only. How can issuer report single spend on multiple accounts.

And no other card issuer does this ,I'm holding a HDFC DCB from my dad since last 5 yrs ,never has it come up in any of my cibil reports

But Amex works in mysterious ways i guess

 

[sidp]

And no other card issuer does this ,I'm holding a HDFC DCB from my dad since last 5 yrs ,never has it come up in any of my cibil reports

But Amex works in mysterious ways i guess

Some have reported icici to do the same thing.
Are you having problem to upgrade because of this add on?

 

[Swastik]

I'm actually considering getting a FD Rupay card for my GF ,so that she can do small UPI transactions by herself and build some credit history & score

 

[Swastik]

Some have reported icici to do the same thing.
Are you having problem to upgrade because of this add on?

Nope ,quite the opposite actually, i think one of the reasons i was able to get my own Amex Plat Travel so easily us because i held my dad's MRCC Add on for over 2 Yrs

 

[sidp]

Nope ,quite the opposite actually, i think one of the reasons i was able to get my own Amex Plat Travel so easily us because i held my dad's MRCC Add on for over 2 Yrs

I am talking about upgrading your millenia to dcb.😆

I think it creates problem in axis. If you have add on, you can't get same variant as personal card. Could be same in hdfc.

Hdfc even writes getting floater card will make you ineligible fir add on.

 

[techt]

I am talking about upgrading your millenia to dcb.😆

I think it creates problem in axis. If you have add on, you can't get same variant as personal card. Could be same in hdfc.

Hdfc even writes getting floater card will make you ineligible fir add on.

You are an HDFC encyclopedia.

 

[Swastik]

I am talking about upgrading your millenia to dcb.😆

HDFC has no love for me regardless of what my cibil report says 😅 (Stuck with 1.16L Limit on Millennia for over 2 yrs)

But you know what, when HDFC doesn't love you ,ICICI likes you 😊 (Got 6L Limit after recent enhancement last year)

 

[techt]

HDFC has no love for me regardless of what my cibil report says 😅 (Stuck with 1.16L Limit on Millennia for over 2 yrs)

But you know what, when HDFC doesn't love you ,ICICI likes you 😊 (Got 6L Limit after recent enhancement last year)

Yes amongst CCs HDFC is pathetic, its riding by the drum beats of Infinianists.

 

[sidp]

You are an HDFC encyclopedia.

Not like that. I don't trust banks. So read tnc.
If you look at tnc , floater card hardly make any sense.

 

[Swastik]

I am talking about upgrading your millenia to dcb.😆

I think it creates problem in axis. If you have add on, you can't get same variant as personal card. Could be same in hdfc.

Hdfc even writes getting floater card will make you ineligible fir add on.

HDFC could've offered me Regalia Gold or even Diners Club Premier(i know it's trash now)

Or atleast they could've given me sone LE ,but nope ,nothing 😬

 

[VibhavBilgoji]

It does help, it 's the way many have adopted to get their 1st card.

Check credit score from Axis portal

OneScore is naughtyyy

do you know of any other verified people who actually did what i am doing?

 

[VibhavBilgoji]

I am talking about upgrading your millenia to dcb.😆

I think it creates problem in axis. If you have add on, you can't get same variant as personal card. Could be same in hdfc.

Hdfc even writes getting floater card will make you ineligible fir add on.

Bruh
Do any other banks have such queer terms and conditions?