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Read this first if applying for Axis Freecharge Card

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guest_999

Now that Axis Freecharge card has removed the monthly cashback limit it does seem better now so thought of installing freecharge app to see how is the application process in case I want to apply in future. However after installing freecharge app the first screen I saw was this which immediately made me change my mind.

https://cdn0.desidime.com/attachments/photos/701244/medium/7809733desidime-freecharge-01.jpg?1627109046

This is something expected from those “pretending to be credit card” apps like slice/lazypay/snapay etc which focus on giving card to first time users/college students etc with no credit history but I didn’t expect a full fledged credit card to do the same. For those who don’t know the above screen basically say that freecharge will read all the financial transaction sms in your phone & save that info to their own servers where an AI will process this info to build your credit profile to decide whether to approve your card or not irrespective of your cibil score/income.

In other threads I saw many whose applications were rejected for this card despite having good cibil score/income & my guess is the reason was because of above. If a person has lots of financial transactions in their sms history with good amount of total debits as well as credits & no “payment overdue” etc sms then AI will likely judge the person to have good enough profile for card approval while if a person having good cibil score/income but doesn’t use same smartphone for receiving financial transaction sms or regularly delete unnecessary/no more required financial transaction sms then most likely AI will not approve card for such a person.

Since I have never given such info for any credit card before, I will not give this info for this card either.

@sri222 @Original @karthi4052752 @VimAl_Raj @vasanth_ece @VellaBoy @Ripalbaria @sifar

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Deal Cadet Deal Cadet
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Thanks for informing. I don’t know about this. VU

Deal Cadet Deal Cadet
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Its better to apply directly from Axis bank site .Else they ask all details smile

Deal Cadet Deal Cadet
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Never gave Freecharge app SMS permission. Probably why I can’t see the option for applying credit card in the app.

Community Angel Community Angel
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It has nothing to do with credit card even Airtel thanks app asks such information

Talk-Of-The-Town Talk-Of-The-Town
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drupal wrote:

It has nothing to do with credit card even Airtel thanks app asks such information

it is. such apps use this information for assessment through AI (Artificial intelligence) for credit or CC application. It helps them to create 360 degree profile of a user

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drupal wrote:

It has nothing to do with credit card even Airtel thanks app asks such information

I have airtel thanks app installed & it never asked for such permission, it only asked for usual sms permission for autofill & of course I have never activated any of its “services” like wallet or linked UPI etc.

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vasanth_ece wrote:

Its better to apply directly from Axis bank site .Else they ask all details smile

I have applied via 3rd party agents & they all ask for card statement along with pan & address proof. This asking for all “financial transaction sms” is something done only by “pretending to be credit card” apps like slice/lazypay/snapay etc because their target customer base has no cibil/credit score & this is the only way to build a full financial profile of such prospective customers. This is also why amazonpay or flipkart don’t ask access for financial transactions sms for “storage/processing” when applying for amazonpay or flipkart card because they are full fledged card relying on usual process of cibil report & bank’s internal guidelines for approving an application.

Deal Cadet Deal Cadet
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Nice info VU.

Deal Subedar Deal Subedar
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guest_999 wrote:

I have applied via 3rd party agents & they all ask for card statement along with pan & address proof. This asking for all “financial transaction sms” is something done only by “pretending to be credit card” apps like slice/lazypay/snapay etc because their target customer base has no cibil/credit score & this is the only way to build a full financial profile of such prospective customers. This is also why amazonpay or flipkart don’t ask access for financial transactions sms for “storage/processing” when applying for amazonpay or flipkart card because they are full fledged card relying on usual process of cibil report & bank’s internal guidelines for approving an application.

Correct, good observation.

However, Flipkart PayLater does this too. FAQ says:

“When applying for Flipkart Pay Later, I had to give device permissions such as SMS, etc. to the Flipkart app. What do you do with this data?

This data is used only to assess your eligibility for Flipkart Pay Later. Your personal data is not accessed and the collected data is not shared with third parties."

So, beware what you are signing up for. VU+

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bftb wrote:

Correct, good observation.

However, Flipkart PayLater does this too. FAQ says:

“When applying for Flipkart Pay Later, I had to give device permissions such as SMS, etc. to the Flipkart app. What do you do with this data?

This data is used only to assess your eligibility for Flipkart Pay Later. Your personal data is not accessed and the collected data is not shared with third parties."

So, beware what you are signing up for. VU+

I only apply for credit cards & never for such “pretend credit card” apps/services so didn’t know about it, thanks for the info. KG+

Deal Lieutenant Deal Lieutenant
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Now this is prime example of Data is oil as quoted by motabhai

Deal Captain Deal Captain
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So i am really not able to understand even they track our financial history that will indeed result to our card approval right with better card limit right?
Unless and until they are stealing our personal card details/data i think it should be fine right ?
@guest_999 @Tejaskale

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MrKool_JJ wrote:

So i am really not able to understand even they track our financial history that will indeed result to our card approval right with better card limit right?
Unless and until they are stealing our personal card details/data i think it should be fine right ?
@guest_999 @Tejaskale

Point is, are you really comfortable sharing all this data with freecharge/slice/lazypay/snapay etc when you didn’t share this data with sbi/hdfc/axis/icici/amex to get credit cards. If HDFC was asking all this data for processing diners club black or infinia card approval then it might be worth it but for such cards/apps it is not worth it. Also don’t forget that freecharge will get hacked sometime in future(just like mobikwik,dominos,big basket etc as it is only a matter of time unless freecharge also opens a payment bank like paytm which has almost zero probability of happening). Also have you ever think about why banks never ask for such info, that is because banks don’t need/rely on such info to approve cards as they depend on hard financial data from cibil reports & other channels.

Deal Captain Deal Captain
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guest_999 wrote:

Point is, are you really comfortable sharing all this data with freecharge/slice/lazypay/snapay etc when you didn’t share this data with sbi/hdfc/axis/icici/amex to get credit cards. If HDFC was asking all this data for processing diners club black or infinia card approval then it might be worth it but for such cards/apps it is not worth it. Also don’t forget that freecharge will get hacked sometime in future(just like mobikwik,dominos,big basket etc as it is only a matter of time unless freecharge also opens a payment bank like paytm which has almost zero probability of happening). Also have you ever think about why banks never ask for such info, that is because banks don’t need/rely on such info to approve cards as they depend on hard financial data from cibil reports & other channels.

But what can they do with our financial txns details? 🙈
If they are only using it do judge a user’s capability to spend and pay back the same on time then it’s ok but but but as you said if they are outsourcing this can making money out of it or even if they are using it for malpractices then that’s pretty bad.
I too agree to your view where in this in only done these apps and banking firms doesn’t require such data since they directly check our credit history.
But you never know they can also save our personal card details which is a big no so it’s better to avoid it raised_hands pray

Talk-Of-The-Town Talk-Of-The-Town
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Yes Bro U R Right, Now A Days Many People Need Money But No Score To Get Loan, By Reading All The Financial Messages Based On Spend Behaviour They Will Give You Loans.

Recently In EENADU Paper ( Telugu Region ) They Have Mentioned This Type Of Data Collection For Providing Loans.

Deal Cadet Deal Cadet
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guest_999 wrote:

Point is, are you really comfortable sharing all this data with freecharge/slice/lazypay/snapay etc when you didn’t share this data with sbi/hdfc/axis/icici/amex to get credit cards. If HDFC was asking all this data for processing diners club black or infinia card approval then it might be worth it but for such cards/apps it is not worth it. Also don’t forget that freecharge will get hacked sometime in future(just like mobikwik,dominos,big basket etc as it is only a matter of time unless freecharge also opens a payment bank like paytm which has almost zero probability of happening). Also have you ever think about why banks never ask for such info, that is because banks don’t need/rely on such info to approve cards as they depend on hard financial data from cibil reports & other channels.

Bro do you know you can inject custom made sms in your phone.. delete all your previous sms and inject super high fake transactions records..like from sbi,
You have spent rs 20000 on your card ending 7339 . Your current limit is 528109.

Lmao beat them into their own game

Deal Cadet Deal Cadet
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guest_999 wrote:

Point is, are you really comfortable sharing all this data with freecharge/slice/lazypay/snapay etc when you didn’t share this data with sbi/hdfc/axis/icici/amex to get credit cards. If HDFC was asking all this data for processing diners club black or infinia card approval then it might be worth it but for such cards/apps it is not worth it. Also don’t forget that freecharge will get hacked sometime in future(just like mobikwik,dominos,big basket etc as it is only a matter of time unless freecharge also opens a payment bank like paytm which has almost zero probability of happening). Also have you ever think about why banks never ask for such info, that is because banks don’t need/rely on such info to approve cards as they depend on hard financial data from cibil reports & other channels.

Btw axis bank will be the one who will decide you will get these card or not.. not FreeCharge..

These sms are generally requested for getting on time sms to autofill otps

Deal Subedar Deal Subedar
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@guest_999 BTW, most of the permissions that most of the apps ask for, are optional; In this particular case, Phone permission is mandatory to give, else the app won’t start/run; BUT the sms permission can be denied and still the app will work as fine.

Previously (a year or two back) I used to grant all permission to any app; but now, I first try to decline the permission and see if the works fine else give it.
For example, in the case of financial apps, Phone permission is needed to validate number (for profile, UPI), and this is mandatory in most cases; SMS permission is asked to read OTP automatically or in some cases to send sms to validate number, and this can be denied in most cases; Camera access is needed for QR scanning and this can be denied too if you don’t plan to use it. Contacts permission is needed for payment to your contacts, and this too can be skipped. Storage/File&Media, Location and Microphone is not generally asked in financial apps; Anyways do note that permission like Camera, Mic, or any sensor based permission cannot be accessed by any app that’s running in the background (android 8+). Obviously we can’t fully protect our privacy but we should definitely try to protect it from misuse.

Deal Subedar Deal Subedar
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SMS permission is OPTIONAL (not mandatory)

https://cdn0.desidime.com/attachments/photos/701805/medium/IMG_20210724_125737.jpg?1627202079

Critic Critic
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sri222 wrote:

SMS permission is OPTIONAL (not mandatory)

https://cdn0.desidime.com/attachments/photos/701805/medium/IMG_20210724_125737.jpg?1627202079

See the screenshot I posted, in my case it is not optional most likely because I have never installed freecharge app before in this phone. Probably it is optional if you have ever installed this app in the past & it already collected a basic amount of data from your phone/number.
@BlueFlash

Deal Subedar Deal Subedar
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guest_999 wrote:

See the screenshot I posted, in my case it is not optional most likely because I have never installed freecharge app before in this phone. Probably it is optional if you have ever installed this app in the past & it already collected a basic amount of data from your phone/number.

I have this app on my phone from nearly 2 years (using the same phone). I’m aware of permissions control, never given SMS permission.
After installing any app, I will first deny all the permissions, then the app will show the mandatory permissions. Then I will decide should I use the app or not.

Similarly, here after installing FreeCharge app, ‘Get started’ page will show the purpose of permissions. Click on Get started. Clicking on Get started doesn’t mean that you given permission. Next you will get permissions Allow or Deny options. Deny both Phone and SMS. You will get the page that I shared which shows mandatory permission. Next you can give permission only to Phone.
Otherwise you can directly Click on Get started, Next page Allow Phone, Next Deny SMS, then you will get login page.

https://cdn0.desidime.com/attachments/photos/701891/medium/IMG_20210724_125623.jpg?1627215001https://cdn0.desidime.com/attachments/photos/701893/medium/IMG_20210724_125720.jpg?1627215025https://cdn0.desidime.com/attachments/photos/701894/medium/IMG_20210724_125642.jpg?1627215044https://cdn0.desidime.com/attachments/photos/701895/medium/IMG_20210724_125737.jpg?1627215073




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MrKool_JJ wrote:

But what can they do with our financial txns details? 🙈
If they are only using it do judge a user’s capability to spend and pay back the same on time then it’s ok but but but as you said if they are outsourcing this can making money out of it or even if they are using it for malpractices then that’s pretty bad.
I too agree to your view where in this in only done these apps and banking firms doesn’t require such data since they directly check our credit history.
But you never know they can also save our personal card details which is a big no so it’s better to avoid it raised_hands pray

They can find out which sites you buy from, which mobile/dth/net services you use, which bank cards are linked to your mobile number, which upi/mobile banking apps you use, which upi id you use for sending/receiving money & the other peoples upi id/bank acc partial details who send you money. Whenever freecharge gets hacked all this data will be compromised.

Critic Critic
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dark.demon wrote:

Bro do you know you can inject custom made sms in your phone.. delete all your previous sms and inject super high fake transactions records..like from sbi,
You have spent rs 20000 on your card ending 7339 . Your current limit is 528109.

Lmao beat them into their own game

That is where AI comes into picture, if you decide to do this then most likely you will be blacklisted from getting freecharge card in near future irrespective of how much cibil score/income you have in future.

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sri222 wrote:

I have this app on my phone from nearly 2 years (using the same phone). I’m aware of permissions control, never given SMS permission.
After installing any app, I will first deny all the permissions, then the app will show the mandatory permissions. Then I will decide should I use the app or not.

Similarly, here after installing FreeCharge app, ‘Get started’ page will show the purpose of permissions. Click on Get started. Clicking on Get started doesn’t mean that you given permission. Next you will get permissions Allow or Deny options. Deny both Phone and SMS. You will get the page that I shared which shows mandatory permission. Next you can give permission only to Phone.
Otherwise you can directly Click on Get started, Next page Allow Phone, Next Deny SMS, then you will get login page.

https://cdn0.desidime.com/attachments/photos/701891/medium/IMG_20210724_125623.jpg?1627215001https://cdn0.desidime.com/attachments/photos/701893/medium/IMG_20210724_125720.jpg?1627215025https://cdn0.desidime.com/attachments/photos/701894/medium/IMG_20210724_125642.jpg?1627215044https://cdn0.desidime.com/attachments/photos/701895/medium/IMG_20210724_125737.jpg?1627215073




Ok but the whole point of getting freecharge card is based on giving this sms permission, without it freecharge app is just a mobile recharge app just like its web interface so what’s even the point in using it(as per recent comments freecharge app has stopped giving scratch cards too for cb so the only point of using this app for recharges is no more).

Deal Captain Deal Captain
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guest_999 wrote:

They can find out which sites you buy from, which mobile/dth/net services you use, which bank cards are linked to your mobile number, which upi/mobile banking apps you use, which upi id you use for sending/receiving money & the other peoples upi id/bank acc partial details who send you money. Whenever freecharge gets hacked all this data will be compromised.

Nai chiaye baba ye sb muje pir grin
Thanks for this blush pray

Community Angel Community Angel
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MrKool_JJ wrote:

Nai chiaye baba ye sb muje pir grin
Thanks for this blush pray

Kisi ko assume karna hai kuchh bhi karle,
Kalpna ki koi Seema nahi hai
Watch this Kaamdev comedy and comment specially aankh band karo aur mahsoos karo Wala part 😂

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guest_999 wrote:

That is where AI comes into picture, if you decide to do this then most likely you will be blacklisted from getting freecharge card in near future irrespective of how much cibil score/income you have in future.

https://cdn0.desidime.com/attachments/photos/702033/medium/7815523rofl-emoji.jpg?1627260602 https://cdn0.desidime.com/attachments/photos/702032/medium/7815523tenor.gif?1627260441
Deal Subedar Deal Subedar
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1/3
Dimers, bear with my lengthy posts. If interested, then only read.

First I will explain about my Axis FreeCharge credit card approval procedure just to let you know the Reality because of some assumptions about the card approval.
I didn’t expect this much procedure especially for this card.

I have applied Axis FreeCharge credit card through FreeCharge app with all the details. Immediately email received from CIBIL…Your CIBIL Report has changed. It was hard enquiry.
Next day, Axis bank agent came for KYC, he opened some application in his phone and again entered all my personal and professional information. Then took a photo of mine and PAN, mAadhaar verification done. I asked him should I give Income proofs, he said NO.
After 2 days, I got a verification call. He asked me about personal, Job and salary details. I asked him..anymore verification, he said NO.
Surprisingly, next day another agent came to office address for verification.
Finally my card was approved.

Now I think, the application submitted through FreeCharge was just for reference purpose only.
Remaining procedure was same like Offline credit card application procedure.

Similar kind of verification happened with my friends (given app SMS permission).
One friend had call verification and office address verification (my city)
Other friend had call verification and Income proofs given (other city).
These happened in February and March 2021.

From 4 to 6 years, me and my friends already had other credit cards with decent and high limits.

@guest_999 @drupal @BlueFlash @Peace_Of_Mind @bftb @MrKool_JJ @dark.demon @vasanth_ece  @ El-Profesor @Original @karthi4052752 @VimAl_Raj @VellaBoy @Ripalbaria @sifar  

Deal Subedar Deal Subedar
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2/3,

Regarding the SMS Permission…

FreeCharge, a wholly owned subsidiary of Axis Bank (acquired in 2017).

FreeCharge using SMS permission for the assessment of our financial transactions for providing credit cards or loans, which is unacceptable for me as well.
If anybody gives SMS permission, definitely it helps FreeCharge to get more information. With my personal experience, I can say definitely its not the Only criteria to decide to approve or reject the card. I think, they will take all 3 into consideration…CIBIL/Income/Messages assessment (if SMS permission given). After applying through FreeCharge app, Axis bank agents are doing verification just like for any other credit card.

Also the SMS  permission is OPTIONAL. So if the SMS permission is not given to FreeCharge app, they won’t get our financial details through Messages and can’t assess our credit card application based on Messages. They have to go through our CIBIL/Income (happened in my case).

@guest_999 @drupal @BlueFlash @Peace_Of_Mind @bftb @MrKool_JJ @dark.demon @vasanth_ece @Original @karthi4052752 @VimAl_Raj @VellaBoy @Ripalbaria @sifar  @ El-Profesor 

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