₹1 Cr in the Bank, New to Credit Cards — Which Premium Banking & Cards Would You Go For?

[Infinia]

Imagine you're just starting out in the credit card world and suddenly have ₹1 crore sitting in your bank account — not for spending, but purely to meet eligibility criteria for any premium credit card or top-tier banking relationship in India.

• What premium banking program would you go after first — HDFC Imperia, Axis Burgundy, Kotak Privy League, ICICI Wealth, or something else? Why?
• What are your monthly spends like, and how would you use those to maximise points, perks, or travel benefits?
• If you had the chance to apply for any card today (Infinia, Axis Reserve, Axis Magnus Burgundy etc.), which one would you choose?
• And as someone new to this space, what common mistakes would you avoid?

Curious to hear your strategies, red flags, and card picks!

 

[sunit123]

It might take one 20 years to make 1cr->10cr. Not sure we will have that interest in cc at that point in life.

This is typical middle class thinking.....Then before credit card, we should learn how to make money

 

[Abhi21]

Hypothetical question requires hypothetical answer.

AXiS
1) Go to axis, get yourself a burgundy acc and then M4B card with limit over 40-50 lac by FD of 1cr.
2) spend everything on it for a year, collect points then convert into accor.
3) Mistake to avoid axis hai.. So get ready for devaluation.

Then close the acc in axis and open acc with HDFC

1) Go to HDFC get infini account and 1cr FD for a year get inifinia card with 40-50L limit
2) Spend how much ever you can, book ur tickets via smartbuy by points and hotels done via accor with axis.
3) Mistakes to avoid don't buy ULIPs.

Then close axis and go to ICICI

Repeat the above n get EPM and use vouchers for all spends.

If someone so happy with money lying then do get SBI Aurum card so that life me kuch tho tension bana rahe.. Lol.

Hypothetical ans hai.. Don't ask how one can get a card like that with such huge limit and all.

1cr yese hi pada hai tho RM tera gulam.. So you can do it.. If you have done it then let us know.

Note : someone having 1Cr lying will not look into all those stuffs as bank tself will come at your door step to give you his best version of credit card and not be wasting time in calculating points.

 

[LHR]

If you’ve got 50 lakh sitting in your HDFC savings account, you’re not just banking, you’re entering the VIP zone. Here’s what that kind of balance can unlock


You’ll likely be auto-upgraded to HDFC Imperia. That gets you a dedicated relationship manager, priority service, higher ATM limits, and access to better loan deals. Basically, no more standing in line like the rest of us


You become eligible for premium credit cards like Infinia. That card gives you crazy rewards, unlimited airport lounge access, and a concierge service that can book everything except your future


They may also throw in exclusive investment offers, early locker access, and sweet home loan rates. The bank starts treating you like royalty and suddenly remembers your name before your account number


So with 50 lakh in the account, you don’t just earn interest. You earn upgrades, respect, and perks you never knew you needed. Just use it smartly or all the benefits will stay in their brochure and not in your life

bro thinks he's chatgpt when he joined yesterday lmao

 

[Wealth is my birth right!]

It might take one 20 years to make 1cr->10cr. Not sure we will have that interest in cc at that point in life.

Nope
Its wrong concept
Post 1 crore all wealthy ppl grow to 10 in very short term

 

[ontherocks]

 

[sunit123]

Nope
Its wrong concept
Post 1 crore all wealthy ppl grow to 10 in very short term

Right bro..It only takes 2 to 5 years max..First 1 Cr is very difficult which takes maximum time.

 

[JAM]

Right bro..It only takes 2 to 5 years max..First 1 Cr is very difficult which takes maximum time.

1 crore to 10 crore in 5 years max ? Are you sure about that. Coz thats 55% annual return over the period of time without including any tax each year.

 

[sunit123]

1 crore to 10 crore in 5 years max ? Are you sure about that. Coz thats 55% annual return over the period of time without including any tax each year.

Start a business or invest in promising start up

 

[JAM]

Start a business or invest in promising start up

Thats very easy to say. Most of such businesses and start ups fail. The likelihood of you taking 1 cr to 0 is higher than you taking it to 10cr using this method.
55+% annual return is unrealistic. And if you are talking about business taxes are going to eat into whatever you make annually so you are basically going to have to more than double your money annually. Such businesses don't last as competition will cut you down to the 10-15% margin eventually.

 

[Wealth is my birth right!]

Thats very easy to say. Most of such businesses and start ups fail. The likelihood of you taking 1 cr to 0 is higher than you taking it to 10cr using this method.
55+% annual return is unrealistic. And if you are talking about business taxes are going to eat into whatever you make annually so you are basically going to have to more than double your money annually. Such businesses don't last as competition will cut you down to the 10-15% margin eventually.

Risk vs reward
We have to take calculated risks
Not one plan fits all it depends upon age commitment plan b and all
So all put together when a person self made 1 crore that experience with knowledge make easily fetch multi crores in sooner span of time

 

[JAM]

Risk vs reward
We have to take calculated risks
Not one plan fits all it depends upon age commitment plan b and all
So all put together when a person self made 1 crore that experience with knowledge make easily fetch multi crores in sooner span of time

I don't think you realize how unrealistic 55%+ roi for multi year is.

The more money you have the less risk you take. After a certain point its not even about making more money but just beating inflation and a couple of percent a year which is what the large fund houses and family offices cater to.

So no post 1 crore people aren't getting to 10 crores in "very short term" using their capital. It just isn't happening and theres absolutely no data to back it up.

 

[sunit123]

I don't think you realize how unrealistic 55%+ roi for multi year is.

The more money you have the less risk you take. After a certain point its not even about making more money but just beating inflation and a couple of percent a year which is what the large fund houses and family offices cater to.

So no post 1 crore people aren't getting to 10 crores in "very short term" using their capital. It just isn't happening and theres absolutely no data to back it up.

Check the wealth graph of Warren Buffett, how exponentially it went up. It grew more than 10 times in a period of 5 years couple of times

I know 3 people in my family and friend circle who multiplied 1 Cr to 8 to 10 Cr in max 5 years and that to legally

I am not here to prove my point...I strongly believe that if you believe in something, it will definitely happen and if u do not believe that it can happen then, it will never happen

However, parking 1 Cr to just get some crappy credit card is worst idea..

 

[hender]

Check the wealth graph of Warren Buffett, how exponentially it went up. It grew more than 10 times in a period of 5 years couple of times

I know 3 people in my family and friend circle who multiplied 1 Cr to 8 to 10 Cr in max 5 years and that to legally

I am not here to prove my point...I strongly believe that if you believe in something, it will definitely happen and if u do not believe that it can happen then, it will never happen

However, parking 1 Cr to just get some crappy credit card is worst idea..

What's the FORMULA.
or simply what path they choose...

 

[JAM]

Check the wealth graph of Warren Buffett, how exponentially it went up. It grew more than 10 times in a period of 5 years couple of times

I know 3 people in my family and friend circle who multiplied 1 Cr to 8 to 10 Cr in max 5 years and that to legally

I am not here to prove my point...I strongly believe that if you believe in something, it will definitely happen and if u do not believe that it can happen then, it will never happen

However, parking 1 Cr to just get some crappy credit card is worst idea..

Your example is Warren Buffett. His roi is less than 20%. And he hasn't made 10 times ever since computers /stock exchanges became sophisticated for a reason.
And I repeat you want everybody with 1 cr to be like Warren Buffet.
Anecdotal evidence of 3 people you know doesn't matter. Most people are losing money on high reward ventures.
Many listed companies have gone 10x -30x in 5 years in India doesn't mean everybody will be able to.

 

[Lobogris]

Check the wealth graph of Warren Buffett, how exponentially it went up. It grew more than 10 times in a period of 5 years couple of times

I know 3 people in my family and friend circle who multiplied 1 Cr to 8 to 10 Cr in max 5 years and that to legally

I am not here to prove my point...I strongly believe that if you believe in something, it will definitely happen and if u do not believe that it can happen then, it will never happen

However, parking 1 Cr to just get some crappy credit card is worst idea..

That’s an extreme outlier example. It’s like saying a few people started a business and their companies became Unicorns like Zomato, therefore every kid who buys a second hand bike for 20k and starts delivering will become a $ billionaire. For one Warren Buffet, there are millions who have lost money in the stock market.

 

[Lobogris]

I don't think you realize how unrealistic 55%+ roi for multi year is.

The more money you have the less risk you take. After a certain point its not even about making more money but just beating inflation and a couple of percent a year which is what the large fund houses and family offices cater to.

So no post 1 crore people aren't getting to 10 crores in "very short term" using their capital. It just isn't happening and theres absolutely no data to back it up.

Fully agree. Most people have no clue about how difficult it is to grow money. If it were that easy, no one would work 365 days a year, 7 days a week and 18 plus hours daily to run a restaurant, hotel, shop etc. Very very few people are able to grow 1 crore to 10 in even 20 years. Most, like 95% plus will not be able to.

 

[Lobogris]

Start a business or invest in promising start up

Almost all businesses fail. Just go to a big mall or city centre regularly and see how many restaurants, coffee shops and retail stores close each year. Even large established brands end up closing a lot of units.

 

[Lobogris]

If you’ve got 50 lakh sitting in your HDFC savings account, you’re not just banking, you’re entering the VIP zone. Here’s what that kind of balance can unlock


You’ll likely be auto-upgraded to HDFC Imperia. That gets you a dedicated relationship manager, priority service, higher ATM limits, and access to better loan deals. Basically, no more standing in line like the rest of us


You become eligible for premium credit cards like Infinia. That card gives you crazy rewards, unlimited airport lounge access, and a concierge service that can book everything except your future


They may also throw in exclusive investment offers, early locker access, and sweet home loan rates. The bank starts treating you like royalty and suddenly remembers your name before your account number


So with 50 lakh in the account, you don’t just earn interest. You earn upgrades, respect, and perks you never knew you needed. Just use it smartly or all the benefits will stay in their brochure and not in your life

Believe me, 50 lakhs isn’t anything for HDFC. I have kept crores with them and they don’t care at all. Only small finance banks would respect you for keeping 50 lakhs today. Now, with the new HDFC criteria, 1 crore can make you eligible to apply for Infinia if you satisfy other eligibility requirements. That’s the only benefit. There is no priority service at HDFC. At best, they will send you to an RM. Only some banks like RBL have a dedicated lounge at some branches for elite customers and in other smaller banks, you can go sit in the manager’s office if you keep a decent balance. I have kept high end accounts with decent amounts with most banks for years. None have good service.