Query regarding Au bank digital account

[Batmanbaba]

the physical debit card necessary on au digital account… I can see au abhi account variant which only has virtual debit card.. But uts validity is only showing 1 year…. I dont want to take any physical payment based debit card… As already having free debit cards….

 

[TheTrickySid]

I got it in 3-4 months. Maintained less than 1000 rupees and got Altura Plus credit card as pre-approved, no docs asked, no CIBIL hit yet.

What limit did you get??

 

[TheTrickySid]

Y
Yes... A lot of people have got it ltf..... You can check youtube

Can you share some links I tried finding but couldn't find one

 

[yolofino]

What limit did you get??

90k

 

[Batmanbaba]

90k

Did you got ltf or paid... Was cibil enquiry or ipv done....???

 

[Batmanbaba]

Can you share some links I tried finding but couldn't find one

The video I guess is taken down... It was in my saved videos... Now showing private....

 

[yolofino]

Did you got ltf or paid... Was cibil enquiry or ipv done....???

Paid.

No cibil enquiry, no docs asked, no video KYC or IPV done.

 

[Souvik]

Point is.... If you get high limit.... There will be issue... Sometimes major bank reject application on basis of that you already have more credit in proportion of salary or itr declared....... Get the major ones and then you can look into au as rewards rate is very less....

That's a valid point, and a very good suggestion/advice after all.....Credit limit proportionate to income.

I wonder how these college students are getting hold of credit cards nowadays, and what if these are unsecured CC's ? That's a glut of credit for a novice, who may end up spoiling his cibil inadvertently.

 

[AllSeeker]

That's a valid point, and a very good suggestion/advice after all.....Credit limit proportionate to income.

I wonder how these college students are getting hold of credit cards nowadays, and what if these are unsecured CC's ? That's a glut of credit for a novice, who may end up spoiling his cibil inadvertently.

Indeed, and we don't need to look at far. We can see example of western countries who have credit card culture and everyone gets one in their teens.

I've heard many many horror stories. As we move towards consumer based market I think this is going to happen here too.

Arguments like we are different and now we are more informed don't work, this is mostly psychological war that bank goes with its young customer.

 

[Souvik]

Indeed, and we don't need to look at far. We can see example of western countries who have credit card culture and everyone gets one in their teens.

I've heard many many horror stories. As we move towards consumer based market I think this is going to happen here too.

Arguments like we are different and now we are more informed don't work, this is mostly psychological war that bank goes with its young customer.

At that age credit and s*x (If you read something objectionable, its your dirty mind, I cant help ) both are tricky. These banks across the world have expanded credit lines for customer acquisition to an extent that has all sections of people trapped, more so in western countries.

As we see it now and later, its the borrower who has to be responsible now, no way out !

 

[AllSeeker]

At that age credit and s*x (If you read something objectionable, its your dirty mind, I cant help ) both are tricky. These banks across the world have expanded credit lines for customer acquisition to an extent that has all sections of people trapped, more so in western countries.

As we see it now and later, its the borrower who has to be responsible now, no way out !

Exactly.

 

[Batmanbaba]

That's a valid point, and a very good suggestion/advice after all.....Credit limit proportionate to income.

I wonder how these college students are getting hold of credit cards nowadays, and what if these are unsecured CC's ? That's a glut of credit for a novice, who may end up spoiling his cibil inadvertently.

If they fail.. The bank recovery agents will make their lives hell.... They make adults run for cover....

Thats desperation of banks to push credit cards.... Its a lucrative business for them... If you don't pay... Its good for banks... The intrest rates are very high... Plus penalties, late fees... Etc...

 

[Souvik]

If they fail.. The bank recovery agents will make their lives hell.... They make adults run for cover....

Thats desperation of banks to push credit cards.... Its a lucrative business for them... If you don't pay... Its good for banks... The interest rates are very high... Plus penalties, late fees... Etc...

Definitely a lucrative business for banks, they very well know they are spoiling a society/ spending habits, still the impetus of excessive capitalism erodes social and moral values.

 

[TheTrickySid]

That's a valid point, and a very good suggestion/advice after all.....Credit limit proportionate to income.

I wonder how these college students are getting hold of credit cards nowadays, and what if these are unsecured CC's ? That's a glut of credit for a novice, who may end up spoiling his cibil inadvertently.

 

[TheTrickySid]

All that said, if one can handle CCs, be it whatever age, they should try to get the best CCs they can get.
I can handle my CCs.

Nowadays many banks give CC at age 18, so really the customer must be careful.

Having descipline sums it all.
If one has descipline and control over spending even in availability of capital they would have no issues in handling the CC 😉

 

[TheTrickySid]

No I said that many here tell about having CCs loans at a young age

I was not trying to quote your comment,
I was just trying to explain about the general CC usage.

I just follow 1 simple thing.
I only spent the amount of money through my CC that is available in my bank.

 

[007]

I was not trying to quote your comment,
I was just trying to explain about the general CC usage.

I just follow 1 simple thing.
I only spent the amount of money through my CC that is available in my bank.

Yup I believe in the same, and also no EMIs (not even No-Cost EMIs). I just use for getting the product/service at best value. No over spending!

 

[AllSeeker]

My general rule is only have CC spending in equivalent amount that you have secured somewhere in case of emergency. And that spending can't be more than your one month salary/earnings.

Everything in my house is bought on no-cost emi and sometimes flat cc discounts. I think those tools are useful but you need to have the cash somewhere in either liquid or fd form that you can utilise if suddenly next month you don't get salary/cashflow in.

This happens more than what one might like, especially people with business have this problem so we always need to have plan B,C, D, E and F

 

[ashwink]

Both.... 200 plus 18% gst...

No bob platinum costs 295 pa including gst

 

[Batmanbaba]

O

No bob platinum costs 295 pa including gst

Ohh then it might be 250 plus gst

 

[ashwink]

+91-1800-102-4455

From 10 am to 5pm only... Benefits of sarkari bank.... 😉

Sometimes I have even called over 10PM then also call get connected.