Query - Bank Credit Cards and NBFC Cards
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I’m seeing a lot of offers with these days from Bank of Baroda credit cards, Federal Bank credit cards, OneCard credit cards, Slice cards, Dhani cards etc.
I’ve the following credit as well as prepaid cards :
- HDFC Regalia CC [LTF]
- Citi Paytm First CC
- Citi Rewards CC
- Ola Money SBI CC
- Amazon Pay ICICI CC [LTF]
- ICICI Platinum Visa CC [LTF]
- RBL Edition Classic (Zomato) [LTF]
- Ola Money Postpaid+ Card
- LazyCard (LazyPay)
From all popular banks, I miss deals from Axis Bank cards and Axis really didn’t entertain me with Axis Flipkart CC because I don’t have a bank account with them or relationship in any form.
Offers from Bank of Baroda credit cards, Federal Bank credit cards, RuPay credit cards, OneCard, Slice and what not are really having an edge these days. The fact that it’s not a long term thing, I know, that’s why haven’t aggressively applied for them.
So, based on cards I currently have, I need a few suggestions from card experts.
- I really want to own a RuPay credit card because I miss out on offers from RuPay network. For debit card, I have RuPay Platinum debit card from PNB. Please suggest one, LTF suggestions preferred.
- Does Bank of Baroda and/or Federal Bank offer LTF credit card which one can easily get and will be helpful in future? If yes, please suggest.
- What should I do for OneCard?
OneCard says I need to do FD to get credit card whereas I’ve highest credit limit of 5L in HDFC Regalia CC. I don’t see it feasible to book FD for OneCard CC and that too when the card will be valid till I’m having FD booked with them, if I terminate, it’s gone. I won’t go for this FD method but any idea why I’m getting this way of applying when I already hold so many CCs with decent credit limit and CIBIL history?
- Shall I go for Slice card? I’ve heard you get hard CIBIL enquiry for Slice card. Any sort of information/suggestion on Slice card is more than welcome as I’m willing to go ahead with applying for same.
- How’s Simpl? On several portals, I see Simpl along with Ola Money Postpaid and LazyPay payment options.
- Any other suggestion is welcome like for Jupiter, Fi, Postpe etc prepaid cards.
- Lastly, if I apply for say, Simpl, Slice, Fi, Postpe and a few more at the same time, will that take a hit on my CIBIL score? Any strategy around here is also welcome 😊
I hope this discussion shall help others too, requesting to tag experts and make this a discussion worthwhile for dimers. Let’s go!
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@abhishek012; Are there any other RuPay credit cards available from other banks which are LTF?
Please if you could let me know the list..would be helpful!
Hi @sahil1033 – I’m sure you might have observed that in the last 1-1.5 yrs, most of the consistent and too good deals have been coming on neo-bank or NBFC cards like slice, Jupiter, etc.
A quick background for you and the entire DD community
Between 2010-13, Flipkart and other general ecommerce sites were continuously raising funding and acquiring customers. Hence they started the trend of adding bank discounts online .
After that amazon entered the game and the competition became fierce like anything on sale days during those times..
During those days, these ecommerce companies heavily relied on funding in order to provide us such loot offers and their tech teams/fraud detection systems were not fast enough to disable techinal pricing errors.
Today the funding has majorily moved to to fintech companies like Niyo, Jupiter, slice etc and you can continue to expect a fierce competition amongst these players for the next 2-3 yrs. Hence, big offers.
So i suggest you apply for..(1/2)
..these cards ..but do so cautiously. Time it well when there are new user offers or additional offers for new users or good referal benefits.
Today on almost all major platforms apps/websites the trend of additional discount is payment specific. Hence it is always better to collect and keep LTF cards as long as you can manage them and pay their bill on time.
One thing you should note though is that the customer care of fintech companies is still not upto the mark and you have to rely on email and twitter more than phone customer care to get a good and fast resolution. Otherwise, it is all good .
Hope this helps you take a call. Let me know if any additional queries. Happy to refer you as well if needed.
SBI Cards is the most common example of NBFC Card – it is not offered by SBI but by a NBFC subsidiary SBICSPL.
PNB offer LTF RuPay credit card, apply from your PNB branch.
Note – PNB LTF means you need to use your card only once per quarter.