secured credit cards query


Malai_Kofta

New Member
Recruit
Nov 30, 2019
1
0
1
Can ICICI secured credit cards be issued against joint account fixed deposits? I have around 7L in savings account itself in name of my husband and myself and 4L FD
 

nimod

Well-Known Member
Adept
Jan 7, 2013
652
501
133
Can ICICI secured credit cards be issued against joint account fixed deposits? I have around 7L in savings account itself in name of my husband and myself and 4L FD
Its strange why they didn't offer you an LTF credit card yet.
Are your deposits with ICICI ?
 

dpandey

Well-Known Member
Adept
Jul 11, 2010
284
196
81
Bangalore

"Eligibility -
FD Card can be opened by resident individuals only i.e. FD account holder where the mode of holding is either single or joint."

Thank Google :)
 

xkcd0137

Member
Disciple
Dec 20, 2018
30
10
16
Query: I am planning to buy an appliance urgently and an iPhone during Big Billion sale. Flipkart currently has offers on ICICI Credit Cards. There are two options -

1) Online: Open an InstaSave FD account (Zero Balance account) which gives a credit card instantly with maximum 45000 credit limit.

2) Offline: Make an FD for 1 lac tomorrow and open a Savings account and get a credit card against that FD. They may offer around 90000 as credit limit but I am not sure if the account will be Zero balance or not. Also, How much time they may take to issue a card? This option may also increase risk of exposure.

Also I am wary of ICICI's horror stories so want to keep my exposure minimum.
 

nimod

Well-Known Member
Adept
Jan 7, 2013
652
501
133
Query: I am planning to buy an appliance urgently and an iPhone during Big Billion sale. Flipkart currently has offers on ICICI Credit Cards. There are two options -

1) Online: Open an InstaSave FD account (Zero Balance account) which gives a credit card instantly with maximum 45000 credit limit.

2) Offline: Make an FD for 1 lac tomorrow and open a Savings account and get a credit card against that FD. They may offer around 90000 as credit limit but I am not sure if the account will be Zero balance or not. Also, How much time they may take to issue a card? This option may also increase risk of exposure.

Also I am wary of ICICI's horror stories so want to keep my exposure minimum.
Use a friend's/relative's card.
You take discount, they keep RPs.