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Does IDFC allow credit limit transfer?

hackymanoj

TF Select
VIP Lounge
I faced a peculiar scenario with IDFC. I hold a select card with IDFC. Then somehow it allowed me to apply for a new card using same number. I wanted to apply for wealth but sadly it showed me Select card but wealth was also shown if I can provide documents. I have shared the bank statement and it doesn't meet the salary criteria for wealth. Today the application is approved and they again have given me select card. Now I'm left with two select cards under same customer id.


So, I'm checking if IDFC allows credit limit transfer from one card to other, so I can ask to close one select card and upgrade the other to wealth based on limit criteria.
 
IDFC don't have seperate limit feature, all the card comes under one limit.

In some cases we see different limit in 2 cards , the reason behind this..

If you already have any IDFC card with limit of like 3 Lac and you applied for another card and you have got 4 Lac limit in new card then it doesn't mean both card have their own seperate limit. It simply means that the maximum spending power across all the IDFC credit card is only 4 Lac only..
 
I faced a peculiar scenario with IDFC. I hold a select card with IDFC. Then somehow it allowed me to apply for a new card using same number. I wanted to apply for wealth but sadly it showed me Select card but wealth was also shown if I can provide documents. I have shared the bank statement and it doesn't meet the salary criteria for wealth. Today the application is approved and they again have given me select card. Now I'm left with two select cards under same customer id.


So, I'm checking if IDFC allows credit limit transfer from one card to other, so I can ask to close one select card and upgrade the other to wealth based on limit criteria.
wait for the card delivery and probably you won't be able to transfer limit to existing card if old or new select is closed. how come 2 select for one individual that a real question.
 
l'm checking if IDFC allows credit limit transfer from one card to other, so I can ask to close one select card and upgrade the other to wealth based on limit criteria.
You won't be able to transfer limit between cards. IDFC doesn't allow 2 core cards under the same customer id and they may close 1 card randomly in audits. Better you close the card with lower credit limit.
 
I chose to close my select card from the app which will automatically block all of them. A day or two later I have received call from retention team for the docs to upgrade to wealth and cancelled my closure request and I have sent them the docs as they request. Later in the night I tried to apply for wealth and I was able to apply but I was given select again as I don't meet the criteria.


It might be while applying in the night my old cards might not have been active, so was allowed to apply. Later my old cards became active as closure request is cancelled and so the new card got approved after a few days.

Reached to customer care, they said it's not possible to transfer limit between the cards in IDFC
 
Mine is not shared limit. It's different limit for each card
IDFC doesn't provide separate limit, its shared and you can use max. amount in that card.

Ex:

Card A: 3L
Card B: 4L

You total limit: 4L
and at max. on Card A you can spend 3L or on Card B 4L.

So, if you spend 2L on Card A, Card B allows you to spend max. 2L.

Whichever way it fills 4L first that stops there.

Do check with support if they categorize you other way..
 
I faced a peculiar scenario with IDFC. I hold a select card with IDFC. Then somehow it allowed me to apply for a new card using same number. I wanted to apply for wealth but sadly it showed me Select card but wealth was also shown if I can provide documents. I have shared the bank statement and it doesn't meet the salary criteria for wealth. Today the application is approved and they again have given me select card. Now I'm left with two select cards under same customer id.


So, I'm checking if IDFC allows credit limit transfer from one card to other, so I can ask to close one select card and upgrade the other to wealth based on limit criteria.
what does CIBIL show.. chk that as well
 
I chose to close my select card from the app which will automatically block all of them. A day or two later I have received call from retention team for the docs to upgrade to wealth and cancelled my closure request and I have sent them the docs as they request. Later in the night I tried to apply for wealth and I was able to apply but I was given select again as I don't meet the criteria.


It might be while applying in the night my old cards might not have been active, so was allowed to apply. Later my old cards became active as closure request is cancelled and so the new card got approved after a few days.

Reached to customer care, they said it's not possible to transfer limit between the cards in IDFC
so two select cards are active??

you should have waited till u got confirmation that card has been closed.
 
what does CIBIL show.. chk that as well
There are two idfc cards showing in cibil with different limits. However, one of my select card got upgraded to wealth recently. Now I'm holding wealth and select cards.
so two select cards are active??

you should have waited till u got confirmation that card has been closed.
Older select card is now upgraded to wealth and another is select.
 
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