Flipkart Pay later Cibil issue

See this thread:
https://www.desidime.com/forums/dost-and-dimes/...

Civil score

I’m also facing the same issue. IDFC told to ask flipkart to close this loan account.

I think the only option is to permanently delete your Flipkart account. Then your linked Paylater account will also closed. And will be removed from CIBIL.

File your complains here:

https://www.rbi.org.in/Scripts/Complaint...px

Bhai my loan got cancelled showing I have a consumer loan, though the credit manager seems like a new person. You can check in CIBIL it shows no OS, just issue amnt is 60k. I have wrote to Kissht to remove my account. I got a auto reply that they are working on it.

As far as IDFC is concerned, flipkart mentioned in faqs that we can raise a request to close the account but can’t find the answer.

One suggestion visit nearest IDFC bank. I would do that. But yes prior to that get your loan account with you. You can find your complete account number in paisabazar uquifax score.
Hope it helps..

Please provide email address and process

Even I have same issues it’s fraud done by Flipkart where is our 60k ?? When we have requested for personal loan .

so whats could be possble from such pay later apps like postpaid from-ola/amazon/flipkart/lazypay? on CIBIL account , if we took loan is it a bad thing , doesnt it increase our credit worthiness?

im also facing the Same issue. no response from flipkart and bank

My account was blocked yesterday so will my paylater account also get closed?
I still have Rs330 dues to pay for this month and around Rs 600 for next month but I am unable to do so as account is blocked.
I have pointed out this concern to twitter team but they still haven’t responded me.
Any suggestion?

I also got the same issue…have contacted filpkart as well idfc first bank but they have not responded yet

Iam also facing this problem

Raised a request for my Paylater Account closure and received this mail. Let’s see if they really close my account or not.

“Hi xxxx,

Thank you for writing in.

We certainly understand your concern.

We are sorry to hear that you’re having issues while using Pay Later services.

We’d like to let you know that we are looking into the Flipkart Pay Later Account closure request and we will send you an update on this within 15 business days from the date of raising the request.

We would like to thank you for your understanding.

Thank you for shopping with Flipkart.

Thanks,
Pradeep Kumar
Flipkart Customer Support
Flipkart Customer Support ( 2020-07-09 14:32:34 )"

My bad luck that I didn’t bothered to refer this thread on desidime and now I am worried.

Just few days back, activated Amazon Pay Later and received ₹10000 credit limit from Capital Float.

Yesterday only, I had activated Flipkart Pay Later and received ₹5000 credit limit from IDFC First Bank.

Quite a long time back, I had started using LazyPay but I have rarely paid via it. just once or twice only. I think they might have reduced from previous limit and currently offering just ₹1500 only.

Started using ePayLater service but again used it rarely for few transactions only.

Actually I usually pay via Debit Card or UPI Apps like PhonePe, Google Pay or Wallets like Paytm, Mobikwik, Amazon Pay etc. most of the time so couldn’t use LazyPay or ePayLater much.

I don’t have any Credit Card or not taken any Loans in past. Hence, my credit score is not build yet. I am Self-employed with uneven earnings.

I had applied for Amazon Pay ICICI Bank Credit Card once, but after doing KYC (although I am existing Savings Account Holder of ICICI Bank and having Full KYC) from Amazon & ICICI, they abruptly rejected my application without giving any reason for rejection, while their CC is also good for nothing. I contacted both Amazon and ICICI Bank but couldn’t get positive response from either parties. Amazon straight forwardly excused that they don’t have any say in this and they are simply cashback processing partner of ICICI Bank for this particular variant of Credit Card. And then suddenly magic happened, suddenly out of a blue moon, local verification agency of ICICI Bank called me and told to visit my residence for verification purposes, with reference to my card application, btw which was already denied through informing via SMS. Still I had a hope of card approval so I entertained them and their man visited and completed his procedure. Then again pin drop silence from them.

So after lot of frustrations and humiliation from such a bitter experience, I have decided to build my CIBIL Score gradually from scratch, hence thought to apply for Amazon & Flipkart Pay Later services.

But after reading all this I think I have done terrible mistake and I should have avoided atleast Flipkart Pay Later. I hate Flipkart to the core due to many bad experiences and cheating from them in the past. Its cheap, greed, third rated and fraud company but still I have to bear them for years now. They have eaten my Flipkart First membership amount, duplicate products sent, Pathetic CC experience, Overall complete headache, most of the time. But just for building my CIBIL Score I had betted in this nonsense calle flipkart.

So my point is that can anybody guide me about this situation. Will it negatively affect my CIBIL Score in future.

Another thing that, will Secured Credit Card issued against FD (FD Extra > FD Card > Instant Platinum Credit Card) with ₹10000 FD at ICICI Bank will help in building good CIBIL Score for getting Unsecured Credit Card like Amazon Pay ICICI Bank Credit Card or any other card + loans etc.

Bajaj Finserv is offering their Bajaj Finserv EMI Network Card with pre-approved limit of ₹30000 by paying ₹500+ towards one time fees. Should I opt for this? Will it be worth to keep this card for No Cost EMI for e-commerce transactions (mainly on Amazon)? Can I build my Credit Score using this card.

Kindly, guide me on all these issues. Thanks to everyone for sharing your precious knowledge in earlier posts.

Thanks. Actually below mentioned page on Amazon.in for No Cost EMI shows Bajaj Finserv EMI Network Card and its usage for availing the same.

https://www.amazon.in/b/ref=sxts_spks?ie=UTF8&n...

https://www.amazon.in/b/ref=s9_acss_bw_cg_ncere...

I will also try to inquire with Bajaj Finserv CC, as per your advice.

But as far as I have researched, Bajaj Finserv has strong policy to push customers to their partnered stores for buying products, so I think they don’t encourage much for online purchases. Anyways this is my assumption only but there are strong reasons behind it. Because I have seen many comments about them under different videos on youtube about what is Bajaj Finserv EMI Network Card and how to apply online or offline for the same.

Many people told that their in-store representative push customers for buying some product from their respective store first abd then they take application for generating network card. Their conditions are also bit on higher side, the minimum value of the purchased product should be of 12,000. So if customer who intend to buy the product he actually needed via EMI will end up buying without their facility or will have to buy some useless thing first. Apart from that the product is available in store (Vijay Sales, Croma, Reliance Digital etc.) is on bit higher side than various e-commerce platforms (Flipkart, Amazon, SnapDeal etc.) So ultimately its ghate ka sauda for the customer.

Even some customers have complained that they even Card application by giving reasons like insufficient salary or annual income etc. Then its furthermore frustrating.

They have great track record in taking higher charges for lapse of Installment payment or issue with ECS mandate with Bank. Although they mentioned those charges on their website and customers doesn’t bother to refer them before applying for card and then rant about these issues. In certain feedbacks customers were genuine and wrong charges were taken by Bajaj Finserv. But afterall this is part and parcel of the dirty games played in Money Lending and Credit Giving businesses.

So I was bit skeptic when they offered pre-approval credit limit of ₹30000 in Bajaj Markets App for EMI Network Card. Then I refered youtube and quora for this thing.

Somehow forgot to check on desidime to, otherwise i wouldn’t have applied for Flipkart Pay Later.

Amazon is still bit more transperant and good e-commerce player, while Flipkart has became fraudster day by day. Many innocent customers are not aware of their dirty tricks and gets trapped into their net. The day Mobikwik Wallet started I had stopped using it and the day Flipkart started Super Coins, I have stopped buying from them. Because these Super Cash and Super Coins concepts are mere fooling people. If you want to gove cashback then give it directly, like Amazon gives in wallet. Here, flipkart first of all cheats by giving just 2 coins against every ₹100 spent on product buying and then maximum capping of 50 coins on single order. Means you can get maximum coins on order of ₹2500 only. Hence, if you buy any single product higher then this then you will loose those coins. e.g. If you buy mobile worth say ₹10000 then you loose 150 coins on that order.

Even coin redemption is also a big joke. Flipkart has learnt all these dirty tricks from Mobikwik. Because Prepaid Recharge, Bill Payments etc. services are powered by MobiDick wallet only. These rascals have spread venom in entire industry, because after their super coins concept, paytm, amazon, flipkart etc. all have degraded their cashback benefits and started playing around with cashback programs for maximizing their own intrests and reducing customer benefits.

@maulik.n.raval If you don’t have a job/salary or really self-employed(aka don’t fill fake ITR just for getting a credit card as someone suggested above because that may prove to be another costly mistake in future) then don’t run after too many cards & just take sbi simplyclick card against FD. Use this card for 6-7 months by paying all your outstanding dues in such a manner that remaining outstanding on the day of statement bill generation(say your card statement generation date is 15th of every month) is around 10-15% of your card limit so your card with 20k limit you do 18k of transactions but pay 15k(you can always pay custom amount in credit card) on 13th of the month so on 15th the final bill generated will be of 3k which is 15% of your card limit of 20k which you can then pay within next 4-5 days.

SBI simplyclick card is one of the best card for doing online transactions & especially for amazon transactions which gives 2.5% worth of reward points. Also keep in mind that no bank will give you a card based on secured credit card(aka card against FD) so your main purpose of taking card against FD is to build a good cibil score & later when you have a good job/salary then you can apply for another regular unsecured card.

Nope, I exactly don’t needed Pay Later from either Flipkart or Amazon, but I intend to start something from small scale. That’s why applied for Amazon’s Pay Later service so that instead of paying directly from Bank account for Product purchases and utility bills etc. using Debit Card or UPI, i can use credit limit first and then timely repay them.

I know about ICICI Bank’s Credit Cards. They take unt shunt charges also. Payback program is worst reward / cashback program. Only Amazon Pay ICICI Bank Credit Card is the only variant offered by them which gives cashback directly into Amazon Pay Wallet and plus its Life Time Free too.

They have two variants, Platinum and Instant Platinum, while former is Unsecured Card while Later is Secured Card against minimum FD of ₹10000. While Coral also has Secured variant against minimum FD of ₹30000, along with its Unsecured sibling.

I was used to filed ITR earlier, but this year due to COVID-19 pandemic my financial situation is not good. Even previous two years were also bad.

I am actually planning for future, in case emergency situation, I will be having good credit worthiness in terms of good CIBIL score and re-payment history then I can immediately get personal loan or home/auto loan etc.

I don’t want to use Credit Card as luxury but whenever needed then it may fulfill my necessities. So your advices were very much helpful for me because experiences of different dimers is really helpful in what is good or bad. Because marketing guys won’t let you know their product / companies other side. They will only show one side of the coin which is good.

I have tried to check my CIBIL via paisa bazaar etc. but its not generated so you can say its NIL as of now, so ICICI Bank rejected my Amazon Pay ICICI Bank Credit Card application.

Actually their management is idiot, they offer FD Card option under FD Xtra in their NetBanking and iMobile, where there are 3 variants available with different minimum FD conditions. 1. Instant Platinum 2. Coral against FD & 3. Rubix against FD

Now Instant Platinum is LTF issued against minimum FD of ₹10000 with 90% Credit Limit on FD, i.e. with minimum Credit Limit of ₹9000.

While Amazon Pay ICICI Bank Credit Card is also LTF.

The only difference between these two is that this one is Unsecured with Amazon Pay as Reward / Partner, while Instant Platinum is Secured against FD with Payback as Reward / Cashback partner. So ultimately both are entry level cards and both are LTF. But donkeys sitting into ICICI Bank doesn’t think about offering this Amazon Pay ICICI Bank Credit Card against FD. This quite simple change will increase their CC issuance multiple times and Secured cards are have almost 0% risk attached to it. So they can recover entire credit from the Lien marked on FD.

But these people get ultimate pleasure in rejecting 80 to 90 applications for this card. They feels happy when customers are begging for asking them reason behind rejecting their application. By the way these reasons or their eligibility criterias are kept as a hidden secret by them. I have read tons of frustrating experiences like me on quora, desidime etc. public discussion platforms. People are fed up with their silence on eligibility criteria.

If they hadn’t these particular variant co-branded with Amazon then I wouldn’t have bothered to even call once to them.

Secured Card Variants with Minimum FD requirements

SBI SimplyClick / SimplySave – ₹25000

Axis My Zone / Insta Easy – ₹20000

HDFC Regalia – 20000

Kotak Mahindra Aqua – ₹15000

ICICI Instant Platinum – ₹10000 & Coral against FD – ₹30000

only ICICI has lowest FD requirements for secured credit card.

If I block say 15k, 20k, 25k or 30k in FD against CC, then how would I do repayment of my cc bills. Even I don’t require credit more than ₹8000 to ₹9000 as of now, so once 10k is blocked with ICICI, I can use remaining money for repayments. While rest all banks asking higher than this.

Your last sentences are exactly same as zi am planning to do. I am looking for good work opportunities but due to COVID-19, I am hesitated to take job in another city or especially in another state because then will have to relocate myself and get adjusted while this pandemic is going. I am happy to do that once everything gets over.

My reason behind creating credit worthiness is only that I won’t have to ask for money to friends and family, in case of some urgencies or unforseen crisis situation. Atleast after playing intrests, i can atleast somehow secure uncertain future needs.

I was regular salaried person and was filing ITRs regularly. But then somehow took risk of creating my own small startup consultancy and freelancing work. But back stabbed by few friends on whom I have heavily relied and also helped them by going out of the way or by bearing personal financial losses in the their critical time.

As they say, Dogs are man’s best / loyal friends. Why no one say that mens are man’s best / loyal friend? Because we are selfish to the core.

But expectations are like glass, they are meant to be broken and from whom you keep higher expectations you face highest disappointment.

Anyways now I have stop blindly trusting people and taking them on the face value or what they committ.

Soon I will bring my rail on track and even I am aware with the fact that credit won’t be built up in a click of a button. Obviously it will take so much long time and sustained efforts and will do that.

Btw I don’t do any unnecessary or window shopping or even panic buying.

I am kind of a tol mol ke bol person who does bit of research and comparison before taking final call. I am always looking for optimum value of money spent behind any product or services.

I think majority of dimers are thinking the same way and that’s why everyone take calculated decisions only.

I personally appreciate your time & efforts behind guiding me on right path. I am really grateful to dimers like you who devoting their precious time in helping others and that too without any relation or knowing someone personally and most importantly without any personal intrest or benefit. That’s really a genuine sacrifice and true help.

@maulik.n.raval also note that ICICI seems to not report instant platinum card against FD to cibil as per comment by @Donald-Trump

https://www.desidime.com/discussions/credit-car...

No, I am not in favour of fake ITR Filing just for sake of getting even Amazon Pay ICICI Bank Credit Card or may be any other CC from any xyz bank.

Reason is quite clear, it will take months and years to build your credit worthiness and credit scores, but it will take very little time to ruin everything and once you are flagged as defaulter then it will become very much difficult to take credit at the time of actual need and then ultimately you will be bound to borrow money from goons and byajkhors. Which will ultimately turn into mental and psychological pressure and sometimes nightmare.

Its always better to pick up legal way. Fake ITRs are similar to paper tiger, which can neither roar nor attack. So it may help in short term by inflating your repayment capacity and you can fool Banks or NBFCs but unless your income is not increased you may gonna default for sure.

That’s why I am not in a hurry. As per my opinion, CC is a need for me but not a greed and one should never take excessive financial burden without need. But yes its always good to be prepared for unforeseen future.

What about getting SBI Unnati CC against FD. (If they offer that variant).

Unnati is new entry level CC offered by SBI Cards and its also Free for First Four Years.