Hello i am from new Delhi currently i have account in Axis Bank i Do lot of online shopping so i was thinking to get a credit card so that i can use EMI feature online on websites like Flipkart.com or Ebay.in or some shopping from ebay.com(international) So what i want to know is As ICICI bank has a minimal Saving/AC opening balance of RS 10,000 so do i have to deposite that amount also if i am inventing 25,000 on FD also means 10,000 for A/C minimum Balance and 25,000 For FD? and If i create a FD of 25000 i will Get a CC of About Rs 21000 Approx Limit. So what ever type of CC i get can i use that online shopping For EMI?? and as it has a limit of 21000. So Can i buy a item more then of Rs 21000 on EMI? I am new To all these Things Please Some one Help me to get a better Card For Online Shopping on EMI.....
OK what if I already have bought something of vale 18000 on emi then can I bought other item or not on emi ? Of same value or less. And what about my first question will every credit card works on EMI And do I have to deposit 10000 also for account opening
I know I need to open an account what I am asking is the minimum balance is rs 10000 for saving account. So I have to deposit that amount also if I am investing 25000 on FD?
From what I am thinking. There is no use of credit card. Suppose I have credit card which has limit of 20000 of FD against of rs 25000 And if I bought anything on emi of 6 month whose original item price is 19000 then till next 6 month I can not use my credit card .what is the use of it then better to buy in cash against a FD of 25000
As ICICI bank has a minimal Saving/AC opening balance of RS 10,000 so do i have to deposite that amount also if i am inventing 25,000 on FD also means 10,000 for A/C minimum Balance and 25,000 For FD? - First what the hell of minimum balance of FD man. You made a FD of 25K and they took that FD and will give you a CC which is worth 21K. If you didn't pay the credit at right time ICICI Suck your FD and your CC at no time. and If i create a FD of 25000 i will Get a CC of About Rs 21000 Approx Limit. So what ever type of CC i get can i use that online shopping For EMI?? - You can only use upto 21K. Because that's you CC limit. Put 1Lak you will get 75k CC then your limit will be 75K - get it! and as it has a limit of 21000. So Can i buy a item more then of Rs 21000 on EMI? - NO OF'CORCE YOU CAN'T USE MORE THAN 21K BECAUSE THAT YOUR CC LIMIT MAN.
you cant buy more then the value of 21,000rs, only some Credit cards works on EMI and That Depends on the Bank and the account you are opening
And how do I came to know that the account I going to open in icici bank and the cc I will get it support emi or not