SBM KREDIT.PE CREDIT CARD

Arvind0890

KF Rookie
Can anyone help me with the date when SBM Bank sends its data to CIBIL. Kindly inform about secured credit card as I have SBM KREIT.PE card.
 

wealth_wise

KF Rookie
Secured Credit Card needs minimum INR 2,000/- deposit into FD and you get virtual card , if you want physical one to be delivered there is no fees but minimum FD amount is 5,000/- in total.
I first started with minimum 2k and later on created another FD of 3k which automatically generated & sent a physical card.
The limit of your usability will be with deduction from your deposited amount like- from 2k you can sped 19 hundred something, so like below 95%, i am not sure about this percentage but it exists. (maybe security deposit or something but let me know if someone knows about this)
 

adityakr

KF Rookie
Secured Credit Card needs minimum INR 2,000/- deposit into FD and you get virtual card , if you want physical one to be delivered there is no fees but minimum FD amount is 5,000/- in total.
I first started with minimum 2k and later on created another FD of 3k which automatically generated & sent a physical card.
The limit of your usability will be with deduction from your deposited amount like- from 2k you can sped 19 hundred something, so like below 95%, i am not sure about this percentage but it exists. (maybe security deposit or something but let me know if someone knows about this)
I heard it has an annual fee if you book an fd of 2000. So will it upgrade to lifetime free if you top-up your fd later?
 
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