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Hi Friend,
As somebody Over here said that Axis Bank gives Credit card So have contacted the Nearest Axis Bank, and they Have Said that they are issuing Credit cards and the thing you need to do is Open a Account in Axis Bank Account and Then Fixed deposit Rs.20,000/- and your credit card will be issued within 7-12 business days, and further you will also get the Interest of your money and there is No Annual fees on Credit Card.
but i heard in your country you should have one job income above 1000$ at least to apply the credit card. so this is changed already?
Ya.I am from india and i also think that You need a job for credit card.How can you get credit card without that?
I think in any country the requirement to get the credit card is same, you must produce a fix monthly income slip as proof to apply it, it can either comes from your permanent jobs, your business, or even your side income works. It won't possible to get Credit card for free without a income to support.
Well, except Axis bank, almost all other banks demand those stuffs. For Axis bank, they want minimum deposit of $400 and lots of transaction and they will see about your transactions for 6 months, and if they satisfied, they will give you a credit card after 6 months. It's not true that they will give immediately credit card within 10 to 12 days as soon as you open account unless and until you have good document proofs to show them that you are earning more than $1000 per month.Quote:
Originally Posted by hyxfei
You means in Axis bank, even if you don't have a job at all but you have some decent amount savings in their account. Then after 6 months, they will issues you a credit card? I am first time heard that a bank is giving out credit card so easily.Quote:
Originally Posted by lemon_1800
Ya.That is right procedure to get a credit card in india right now.I do not think that as this man is saying we will get a credit card.Quote:
Originally Posted by lemon_1800
Well when Axis bank started business in Credit Card they are card for totally free with lowest documents and requirement but now they have changed their rules even whole staff it is really hard to get any banks credit card now because of market crisis but when RBI will remove their restriction and allowed banks for work freely surely we can expect get any bank card at nominal fees and without headache.Quote:
Originally Posted by kiatsiang
And you have any idea about when RBI is going to remove those restrictions?I dont think that they will remove restrictions when recession is going on.Quote:
Originally Posted by moneymoney
I don't think in this financial year RBI will remove restriction as still market is down plus world it is facing financial crisis and almost all top facing problems that's why they are not giving credit card and add more requirement and lot's of verification stuff.Quote:
Originally Posted by revvv1234
but i think till next year u can expect RBI will remove some restriction from TOP bank like ICICI, SBI, HDFC, CITI bank.
I have suggested you about axis bank.Quote:
Originally Posted by sekhar4m92
I also contacted them for my credit card. I told them that I am now self employed person and I have been maintaining Rs. 10000 balance in my account for the last 1 year. They asked me to keep Rs. 25 th as fixed deposit and would issue CC within 7-10 business days.
Ya.Probabely they will remove next year.I hope getting credit card after that will be esay.Quote:
Originally Posted by moneymoney
We can just hope but it will be not easy to get credit card in future CC issuer making their rules and requrement very hard one of my friend is working with Axis bank i have told him i am interested to get a new credit card but he refuse if u don't have good permanent job and high salary and own home at posh place then only u will get CC or no chance not even in other CC issuer banks that;s why i am trying to get pioneer card or any other international Debit card for PP verification.Quote:
Originally Posted by revvv1234
Ya.Only Visa debit card will work.Not Visa electron or mastercard wont work.Try to get that one.Your account will be get verified.Quote:
Originally Posted by moneymoney
but they don't accept Indian Banks Debit Cards if it is international then might work some time but not 100% sure i have tried my both Visa And master Card for verification but it don't get added.Quote:
Originally Posted by revvv1234
Then i also dont know about this issue.I thought they accepy VISA debit card.I am not verifying my account because i dont require that much services.Quote:
Originally Posted by moneymoney
only members from USA and UK can verify account though Debit Card all other international members need to provide credit card for verification.Quote:
Originally Posted by revvv1234
I thought we can use the Visa Debit card to withdraw our money to the local bank account for international member. Why couldn't we use back the Visa debit card to do the verification?Quote:
Originally Posted by moneymoney
Its paypal rules.Perhaps everybody has debit card.To get debit card is easy than to get a credit card.You can not do anything once they have your credit card number.They can track you if you do something wrong.Quote:
Originally Posted by kiatsiang
I Have Personally Consulted with Axis Bank Authorities and they Said that They are Issuing Credit Cards to the applicant when the Applicants Deposit Rs.20,000/- as a fixed deposit amount, and then he will be Eligible for getting the Credit card, And No Job Proof or ITR Report copy.Quote:
Originally Posted by revvv1234
Well, this is a good news. My country also having some bank given the credit card by this condition. Take note that the fixed deposits is deiffernt that normal saving, fixed deposits need us to put money in the bank for some duration and cannot withdraw if the credit card hasn;t canceled yet.Quote:
Originally Posted by sekhar4m92
Yes, getting credit card has really become very difficult in our place-India and i think it's the same all over the wold now because of the recession and this thing about Axis bank will have to be verified first before commenting and so let me check it out myself
Ya.Because crisis started because sort of these credit cards only so they are taking too much care for that so it is more difficult to get credit cards.
Yeah, The associated with the Solution is Fixed Deposit of Money, but for doing that Fixed deposit we are going to get Interest of our money, then I think its a Good deal for Indian Members to Go for Axis Bank Credit Cards.Quote:
Originally Posted by kiatsiang
The thread starter is already confirm it with the axis bank, there is no point to confirm again. The offers is for fixed deposit owner to have credit card, it is common in my country too. Bank wanted more member to save the money in FD for long term, thats why they can provides credit cards.Quote:
Originally Posted by alensot
May be you are right but let us verify because i cant believe that they are giving credit card on just fixed deposit of 20000.Quote:
Originally Posted by kiatsiang
20,000 Rs is equavallent to how much in USD? In my country, even with 8,000 USD Fixed deposit saving, we already can get Gold credit card, provided we can't withdraw the FD in one year.Quote:
Originally Posted by revvv1234
20000 equals to around $400 by considering exchange rate as $50.Right now i guess rate is $47.So you have to add some $ extra and $8000 is a large amount to get a credit card.Quote:
Originally Posted by eddielkk
For 20 000 Rs. u need to exchange 400$ if exchange 200 000 to your local currency u will get 4,402,910 Indonesian Rupiah here is brief details.Quote:
Originally Posted by eddielkk
Quote:
Tuesday, June 2, 2009
20,000 Indian Rupee = 4,402,910 Indonesian Rupiah
20,000 Indonesian Rupiah (IDR) = 90.84901 Indian Rupee (INR)
Median price = 214.208 / 220.145 (bid/ask)
Estimated price based on daily US dollar rates.
wow.there are ploicy about your saving amount then you can get one golden credit card or not? here we can get credit card easily and only the credit amount depends on all our bank's saving amount.
Hi friend, i am not from indonesia, i am from malaysia. Our currency is RM. I think if only rs20,000 means $400 USD, it is just a very small amount to start with getting the credit card. Really a nice offer that bank has offered.Quote:
Originally Posted by moneymoney
oh k i though u are from Indonesia anyways $400 is big amount in my country and some bank offer credit card for more than 450$ fixed deposit but because of new Bank rules those bank also putting some restriction on FD i had tried to contact some High Class banks.Quote:
Originally Posted by eddielkk
In this case, i think india is really having a better offer than my country. As for my country to get free credit card from FD, One must have at least $3000 USD amunt to start with.Quote:
Originally Posted by moneymoney
yeah that is correct in our country bank position is good they offer all service at very cheap rate and with less requirement but still some Nationalizes bank have strict rules and regulation without providing all requirement they don't issue credit card but because financial crisis all banks have been stop their activity and put restriction in issuing new Credit Card but i am searching for good offer...... :)Quote:
Originally Posted by eddielkk
It is difficult to get good offer on credit card because of this economy crisis and due to this bank rules become more strict.Quote:
Originally Posted by moneymoney
Revvvv1234, again i have to remind you that don't alwasy repeating other members post, where all you "points" is already said by moneymoney before. This type of posting is consider spam/senseless post. Don't spam here please.Quote:
Originally Posted by revvv1234
Now there are still some offers like applying personal loans to get credit card in my country. I also got 2 of my credit cards through this way.
well if its really 20,000 rupees then its real affordable to get a CC, but have you guys heard of payoneer debit cards thats free, i am not going off topic just reminding others of this service, anybody already availed it in India
Debit card couldn't use for the vierification purpose in paypal, so there is no points to getting debit card for it. Debit card may only suitable to use when requesting withdrawal of paypal funds in some country.Quote:
Originally Posted by ashvini
Dear Friend, I want to Say that When You Have Option to Get Credit Card and as You said its affordable too, then don't take risk with payoneer Cards and Other VCC.Quote:
Originally Posted by ashvini
ofcourse not all debit cards are accepted, but this payoneer is used by so many people for verification purpose so it is acceptable my dear friend, moreover if you are earning some handsome money you can directly transfer the money to this card and save yourself from taxes :wink:Quote:
Originally Posted by kiatsiang