Infinia Infinia Against ULIP?

[sonuyos]

I got an offer from HDFC RM, saying I can get Infinia (I have no shot at getting it directly without waiting for like years. As it took them 8yrs to upgrade my Moneyback to Millennia card.)

If I go thru FD backed route it will be - 7.20% interest rate on 10lk fd. I straight up lose 5-7% on 10lk = 60k roughly every year.

They said to pay 2.1lk to get the card and of which I can surrender the Policy if I want after 1yr, and get back roungly 103-108k back.

In return they will give me Infinia Metal with a guaranteed upgrade (giving me in writing over email) to Infinia Reserve once the card launches.

Plus the card would be 3 yrs free.

Should I go for it?

Edit : Did not go with it. As many pointed out, the cost doesn't justify the card, especially after the 2:1 accor devaluation.

 

[Vasuki]

Atleast this path is much better than taking a ULIP plan if one is crazy for Infinia Metal credit card

5 CR trv maintenance krke
25 cr ka business loan Dede bs 🌚


Infinia toh ayenge aur jayenge
Business chlta rhega

 

[SamPtnk]

Another year end trap

Dont fall for it bro

 

[Deleted member 27665]

5 CR trv maintenance krke
25 cr ka business loan Dede bs 🌚


Infinia toh ayenge aur jayenge
Business chlta rhega

 

[Vasuki]

Among axis , hdfc ,icici
Who is best regarding loan and business loan .if u maintain hni account for long

 

[SamPtnk]

Among axis , hdfc ,icici
Who is best regarding loan and business loan .if u maintain hni account for long

Surprisingly SBI
They offer lowest rates if you have HNI acc with them with a decent cibil

 

[Vasuki]

Surprisingly SBI
They offer lowest rates if you have HNI acc with them with a decent cibil

Holy shit ..
What hni they have ..
Classic - preferred of hdfc types
Or burgundy of axis types

 

[Deleted member 27665]

Holy shit ..
What hni they have ..
Classic - preferred of hdfc types
Or burgundy of axis types

SBI Wealth account

About SBI Wealth - Wealth Management

sbi.co.in

 

[SamPtnk]

Holy shit ..
What hni they have ..
Classic - preferred of hdfc types
Or burgundy of axis types

Platinum
Somehow they included my PPF balance in NRV

 

[SamPtnk]

SBI Wealth account

About SBI Wealth - Wealth Management

sbi.co.in

Thats for Ultra HNI for lower fishes Platinum acc is enough

 

[Avatar Aang]

Considering that you prefer Accor. IMO getting a MB for family member will be better deal.
MB with 5:4 ratio and Accelerated reward points for spends more than 1.5L is better than Infinia.
Infinia is good for Smartbuy 10x/5x transactions. But considering your spends I think the capping of 15K will be very low.

 

[j_s]

After reading a few pages of this thread I lost track. This just seems like one of those threads just for the heck of it. Everyone is slicing and dicing for absolutely nothing. OP wants Infinia. That's it. It is not complicated.

You either threaten to close your relationships with HDFC or actually do close your relationships (if it isn't too much of a headache). For the kind of business OP is talking about, Infinia is a given without any strings. Anything less than that will be foolish of OP.

 

[sonuyos]

Called the RM, said no,

After reading a few pages of this thread I lost track. This just seems like one of those threads just for the heck of it. Everyone is slicing and dicing for absolutely nothing. OP wants Infinia. That's it. It is not complicated.

You either threaten to close your relationships with HDFC or actually do close your relationships (if it isn't too much of a headache). For the kind of business OP is talking about, Infinia is a given without any strings. Anything less than that will be foolish of OP.

You didnt read it fully then, I was told to close the account, when I threatened them. lmao. So I moved all my funds to Axis (Right around the time MB was announced).

 

[Vasuki]

After reading a few pages of this thread I lost track. This just seems like one of those threads just for the heck of it. Everyone is slicing and dicing for absolutely nothing. OP wants Infinia. That's it. It is not complicated.

You either threaten to close your relationships with HDFC or actually do close your relationships (if it isn't too much of a headache). For the kind of business OP is talking about, Infinia is a given without any strings. Anything less than that will be foolish of OP.

If he was stuck at money-back & got millennia after 1 year of battle with imperia banking

You think threatening hdfc have impact

 

[sonuyos]

Considering that you prefer Accor. IMO getting a MB for family member will be better deal.
MB with 5:4 ratio and Accelerated reward points for spends more than 1.5L is better than Infinia.
Infinia is good for Smartbuy 10x/5x transactions. But considering your spends I think the capping of 15K will be very low.

This is actually what i am thinking too.

10lk AQB + 35k yearly fees would be cheaper (especially when it will be waived off at 25llk spend).

Plus clear access to 10lk whenever needed.

 

[Deleted member 27665]

This is actually what i am thinking too.

10lk AQB + 35k yearly fees would be cheaper (especially when it will be waived off at 25llk spend).

Plus clear access to 10lk whenever needed.

One thing to note here is you will need to maintain Rs 10 lacs AQB all the time to retain Burgundy status. You can't withdraw it or you will have to credit a lot more money afterwards to maintain Rs 10 lacs AQB.

 

[sonuyos]

One thing to note here is you will need to maintain Rs 10 lacs AQB all the time to retain Burgundy status. You can't withdraw it or you will have to credit a lot more money afterwards to maintain Rs 10 lacs AQB.

Yea, thats fine. Been doing it for past 6months.

 

[Vasuki]

Platinum
Somehow they included my PPF balance in NRV

Account detail .
Link

 

[j_s]

Honestly, this sounds all made up at this point.

 

[sonuyos]

Honestly, this sounds all made up at this point.

Ok i guess?

 

[Vasuki]

Honestly, this sounds all made up at this point.

Did you got infinia 🌚?
How