So you want Plastic Fantastic with a Fixed Deposit Twist? Axis Bank's FD-backed Credit Card to the rescue!
Let's face it, who doesn't love the feeling of swiping that little piece of plastic and getting instant gratification (well, almost instant, gotta pay that bill eventually!) But what if your credit score is singing the blues and your wallet's looking a little worse for wear? Fear not, dear reader, for Axis Bank's FD-backed credit card is here to be your knight in shining… well, plastic.
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| How To Get Credit Card Against Fd In Axis Bank |
But first things first, what is an FD-backed credit card?
Imagine this: you have some spare cash sitting in a Fixed Deposit (FD), earning you a decent interest rate. But let's be honest, sometimes emergencies pop up faster than you can say "." An FD-backed credit card is like saying "hold my coffee" to that situation. You use your FD as security, and Axis Bank grants you a credit limit of up to 80% of the FD amount. Now you have that plastic fantastic in your hand, ready to tackle those unexpected expenses (or maybe that dream vacation you've been eyeing ).
Now, how do you get your hands on this magical piece of plastic?
Here's the not-so-secret recipe:
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- Make sure you have an existing FD with Axis Bank. This is like the flour in your credit card cookie dough – you can't bake without it! (The minimum FD amount is Rs. 20,000, by the way.)
- Head over to your nearest Axis Bank branch, or if you're feeling tech-savvy, apply online. Just remember, dressing up isn't required, but a smile and a friendly attitude always go a long way.
- Fill out the application form and provide the necessary documents. This might include proof of identity, income, and, of course, details of your FD. Think of it as gathering the ingredients for your credit card recipe.
- Wait patiently (but not too patiently, you can always check the online status) for Axis Bank's decision. They'll be evaluating your application and making sure you're a responsible borrower (aka, someone who won't go on a shopping spree and forget to pay the bill).
- Voila! If your application is approved, you'll receive your credit card in the mail. Now you can unleash your inner swiper (responsibly, of course).
Remember, an FD-backed credit card is a great way to build your credit score if used wisely. Make your payments on time, and you'll be well on your way to unlocking a world of financial opportunities (and maybe even a few more guilt-free swipes ).
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