raghav_mri
TF Buzz
I have recently turned 18 and looking for ways to increase/start my CIBIL score. I know that I can take a FD based credit card but is there any way to generate my CIBIL score
Depend on bank to bankHow much credit history(depth) is required for apply the first unsecured credit card
I got Apay card even though I'm 20 .pre approved after holding fd based card in icici .Just open a regular or savings max a/c in hdfc depending how much balance you can maintain. Spend via the debit card provided, within 6 months you will get offer for credit card. Do not open BNPL, it sometimes impacts negatively.
Or get a fd card from icici/one card/idfc
Don't look for anything else😉😉
Apay cc is not for under 21, so no chance
Spending with debit card.... Can get a higher chance off getting credit card?Just open a regular or savings max a/c in hdfc depending how much balance you can maintain. Spend via the debit card provided, within 6 months you will get offer for credit card. Do not open BNPL, it sometimes impacts negatively.
Or get a fd card from icici/one card/idfc
Don't look for anything else😉😉
Apay cc is not for under 21, so no chance
Yes it is trueSpending with debit card.... Can get a higher chance off getting credit card?
Is it true 🤔 🤔
Means there is no benefit of using upi from savings account... If we only open an account for pre~approved credit card 🤔Yes it is true
The banks AI/system checks your spending habits from your account. If you spend more via dc, the better chance to get a credit card as pre approved. The logic behind this is simple, you can swipe your cc at almost every place where dc can be swiped. Their system will recognize that the individual is capable of earning them mdr. And if lured to spend more than his income, then will help them to earn interest charges too.
It will also help, but the main ones are balance and dc spends.Means there is no benefit of using upi from savings account... If we only open an account for pre~approved credit card 🤔
I have axis liberty savings account of MAB =25000....It will also help, but the main ones are balance and dc spends.
I also have liberty, and waiting for pre approved cc. Not holding 2L but around 20-30K, and good dc spends. Around 5 months have passed. In hdfc I got within 6 monthsI have axis liberty savings account of MAB =25000....
In which I hold balance above 2 lac... Only opened for pre-approved credit card.... It was about 4 month still they don't offered me cc.... And I use this account as my primary account.. Also one thing that i can't use there dc.. Only using upi... Means i have to use there dc for better result 😊
Hmmm waiting is only option for us 😂I also have liberty, and waiting for pre approved cc. Not holding 2L but around 20-30K, and good dc spends. Around 5 months have passed. In hdfc I got within 6 months