Query on:SBI credit Card against FD

Query on:SBI credit Card against FD

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Deal Newbie
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Can I break the FD against which I have taken credit card.

Lets say I did FD for 1 year, Can I break it in 6 Months.

15 Comments  |  
10 Dimers
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Deal Cadet
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Close the card & break your fd whenever you want to.

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Deal Cadet
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Not sure but I read somewhere in the past that if sbi unnati card is maintained without any late payment(aka all dues paid in full before due date) for the first year then from second year onward one can break the FD without surrendering the card.

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Deal Cadet
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Not possible to break the FD if you want to keep the card. They put a lien on the FD until the card is active so you cannot break it.
If you want to break then first close the card.

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Deal Subedar
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raj7254 wrote:

Not possible to break the FD if you want to keep the card. They put a lien on the FD until the card is active so you cannot break it.
If you want to break then first close the card.

this is correct reply

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Deal Newbie
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Thanks Guys
In between I also searched internet and found same.

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Deal Newbie
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One Ques. If I maintain good track record for 6 months then close the credit card and FD, Will I get new credit card on CIBIL score basis?
@rogerthat @raj7254

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Deal Newbie
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I assume you have to take credit card on card 2 card basis and then close the credit card.

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Deal Subedar
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Dev-m wrote:

One Ques. If I maintain good track record for 6 months then close the credit card and FD, Will I get new credit card on CIBIL score basis?
@rogerthat @raj7254

you can get card on card basis
after that you surrender your old card.

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Deal Cadet
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Dev-m wrote:

One Ques. If I maintain good track record for 6 months then close the credit card and FD, Will I get new credit card on CIBIL score basis?
@rogerthat @raj7254

Axis does that usually after an year or so. You get a mail if they remove the lien.

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Deal Newbie
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How many years should we have to put FD to get SBI card..

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Deal Subedar
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arunrush680 wrote:

Axis does that usually after an year or so. You get a mail if they remove the lien.

i am holding that card for 4 years , lien not removed so far.

no late payment ever

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Deal Cadet
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arunrush680 wrote:

Axis does that usually after an year or so. You get a mail if they remove the lien.

From my experience they usually don’t remove the lien. Don’t have any experience with axis so maybe they do this. They might give you another card if you have good relationship with bank and then you can close this old card and break the FD

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Deal Subedar
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rogerthat wrote:

you can get card on card basis
after that you surrender your old card.

Minimum credit limit for card to card is 50000

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