Question regarding ICICI CC against FD

Question regarding ICICI CC against FD

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Deal Newbie
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After stealthily browsing forums for a while finally decided to make an account here. I currently have a cc against fd in icici bank. The fd is only of 10k. My question is if i open another deposit will the limit of my current card increase or will they issue a new card. How can i increase the limit of my current card which is 9k right now. Or is there any other bank with better cards that i should open an fd in instead.

3 Comments  |  
3 Dimers
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Deal Cadet
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no your limit will not increase
you will not get second credit card against second FD
if you wish to get card with higher limit ( against FD ) than you must clear your dues first card close the first card ( not recommended as it will reduce your credit score )
than make higher FD this time Make sure to do FD of more than 75000 so that you will get credit limit of over 60000 ( this will help you ) to get credit cards from other bank on card to card basis also this will replace your income proof in getting cards from other banks

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Deal Newbie
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Thank you. I currently have an HDFC moneyback card with 40k limit. The first bill was generated this week. Can iIcancel the icici one and make a new deposit and make a larger deposit?. If this affects my credit score negatively how long should i wait before cancelling it.

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Critic
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cr1mzn wrote:

Thank you. I currently have an HDFC moneyback card with 40k limit. The first bill was generated this week. Can iIcancel the icici one and make a new deposit and make a larger deposit?. If this affects my credit score negatively how long should i wait before cancelling it.

Now forget about all this till 21st Apr,banks will do only most essential work meaning no acc opening/card against fd/any misc tasks,only cash & chq deposit/withdrawal .

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