Super Money Credit Card Related

(Those who don't know super Credit card)
SuperMoney Credit card is FD(Fixed Deposit) based Credit card in other words it's Credit card against your fixed deposit. It provided by Utkarsha Small Finance Bank partnership with SuperMoney by Flipkart. Main advantage of this card is that your FD start with just 100rs and you'll get Virtual Credit with limit 90% of your fixed deposit. Wanna Physical Card then you need to create FD with minimum 5000rs.


I was shocked when I saw my Cibil Report!
2 Months back I have applied for SuperMoney Credit Card for keeping as FD based Credit Card in portfolio but In my cibil report it shows As Credit Card instead of Secured Credit Card. I don't how?

So be aware that if you are applying Super Money Credit as FD Based Credit card to improve your score, it won't work.

 

[abhimarda]

(Those who don't know super Credit card)
SuperMoney Credit card is FD(Fixed Deposit) based Credit card in other words it's Credit card against your fixed deposit. It provided by Utkarsha Small Finance Bank partnership with SuperMoney by Flipkart. Main advantage of this card is that your FD start with just 100rs and you'll get Virtual Credit with limit 90% of your fixed deposit. Wanna Physical Card then you need to create FD with minimum 5000rs.


I was shocked when I saw my Cibil Report!
2 Months back I have applied for SuperMoney Credit Card for keeping as FD based Credit Card in portfolio but In my cibil report it shows As Credit Card instead of Secured Credit Card. I don't how?

So be aware that if you are applying Super Money Credit as FD Based Credit card to improve your score, it won't work.

Not all banks report secured credit cards as "secured". So they may appear as credit cards only.

 

[Akusahil]

Not all banks report secured credit cards as "secured". So they may appear as credit cards only.

Could you please suggest, which credit will be better option as FD credit card b'coz I have only unsecured credit cards.

 

[abhimarda]

Could you please suggest, which credit will be better option as FD credit card b'coz I have only unsecured credit cards.

There are many however it will depend on what your usage is. Now many HDFC cards are also available on FD basis. There is Onecard as well on which some or the other offers keep coming in but I am not sure if it is being issued currently. There are several others, most of the banks have some or the other card available against FD.