Whether one should have a credit card or not?

[blueblood]

@tressalie Axis bank rejected my freecharge axis bank cedit card too. I don't have an account with Axis bank. Can you guide how to get an axis credit card?

 

[tressalie]

@blueblood You will need a full fledged savings bank account with Axis Bank with 15,000 average monthly balance to get a credit card. No way to get it against FD without that.

 

[blueblood]

@tressalie Oh! Can't i open a FD of Rs 25,000 with Axis Bank and get a credit card against FD?

 

[tressalie]

@blueblood You can but only after you open a savings account with Axis first. I tried doing what you described but that just wasted a month. The incompetent branch employees told me it's possible without a bank account, but then made me open one eventually. I speak from (harrowing) experience.

 

[blueblood]

@tressalie Understood. I would then try opening the savings account from my hometown so that the monthly average balance requirement would be less. What do you think?

 

[tressalie]

@blueblood That sounds like a solid idea. Just make sure the employees understand what you're trying to do before opening the account.

One branch I visited straight up refused to look into it, while the other was overconfident that a FD-linked CC doesn't need a savings account.

Oh also, you can only get the Flipkart and MyZone cards on FD.