Applied for Wealth But Got Select Instead

[jyothisthaliath]

I was using IDFC Select for past 6 months. Initial limit was only 1.2 Lacs. From the beginning I have been trying to get it upgraded to Wealth CC as I already got other CC having 5 Lacs limit. They told me to wait for 3 statements atleast and then request for upgrade.

Seeing many posts in the forum, I thought I would try my luck for Wealth CC through C2C process. I closed by Select card and confirmed the closure by email. Then next day I applied for Wealth CC by showing C2C with my ICICI Rubyx card having limit of 5 Lacs. I provided monthly income as 2 Lacs whereas in reality it is just 1.5 Lacs. After providing details, I was happy to see Wealth card with 7.5 Lacs limit showing there. I applied for same and completed the VKYC process.

But I got mail that they approved First Select card itself to me, with an improved limit of 3 Lacs. I escalated to PNO saying that I had applied for Wealth CC, then why they provided Select. They said it is Bank discretion to issue whatever card is suitable. I am not planning to activate this card, as it doesn't provide any benefit to me.

I want to know what went wrong here:
1. May be I should've given a higher fake income figure during application?
2. ICICI Rubyx was a bad choice for C2C? Other card I have is from HSBC for 4.2 Lakhs. I think less than 5 Lacs it won't count as eligible for C2C to Wealth CC?

 

[Anindya98]

But I have Select CC right now. What to do with it? Shall I close it then?

My suggestion would be not to close the card for the second time. From 1.2L to 3L is a good jump. Use the card for 2 - 3 months then go for the upgrade. Also, IDFC might blacklist you if you close the same card multiple times. Not sure about the last statement that happened with one of my relative.

 

[BVCBVC is verified member.]

I have IDFC savings account. I think Wealth account needs 10 L initial funding, right? Can't afford that much now 🙁

Some RM’s and BM’s can do it at 3-5L. On converting you can remove the balance

 

[BVCBVC is verified member.]

My suggestion would be not to close the card for the second time. From 1.2L to 3L is a good jump. Use the card for 2 - 3 months then go for the upgrade. Also, IDFC might blacklist you if you close the same card multiple times. Not sure about the last statement that happened with one of my relative.

But for upgrading wealth you need to have 5L CL on existing IDFC CC or while applying C2C as I have read multiple times on forum. And for Wealth your pincode should be Metro Pincode.

 

[jyothisthaliath]

Also, IDFC might blacklist you if you close the same card multiple times.

Solid advice 🙏🏻 Won't make the IDFC lords angry. Will continue with Select CC for now.

From 1.2L to 3L is a good jump

True that. Thanks for the motivation 😀

 

[jyothisthaliath]

But for upgrading wealth you need to have 5L CL on existing IDFC CC or while applying C2C as I have read multiple times on forum. And for Wealth your pincode should be Metro Pincode.

I mentioned that I was going C2C route with my ICICI rubyx card with 5L limit. Metro? Yes in Mumbai.

Still no luck 😭 Let it be. I don't deserve Wealth CC

 

[BVCBVC is verified member.]

I mentioned that I was going C2C route with my ICICI rubyx card with 5L limit. Metro? Yes in Mumbai.

Still no luck 😭 Let it be. I don't deserve Wealth CC

Wealth card has been devalued massively. Both are LTF, Wealth excels Select in 2 scenarios

1. International Lounge Access
2. 250 BOGO on Paytm.

Just don’t get devalued yourself, after all that’s a credit card. You might get it in future. No worries.

 

[Anindya98]

But for upgrading wealth you need to have 5L CL on existing IDFC CC or while applying C2C as I have read multiple times on forum. And for Wealth your pincode should be Metro Pincode.

He is getting the Weath Account by default eligible for Wealth CC. In my case, I was using Millenia(Got on Jan 23) with 1.38L and while opening my select account got the pre-approved select but when the agent applied the application got denied not rejected. After my account got upgraded I called the CC and asked for Select/Wealth CC was first denied when I mentioned my account status instantly request was taken and approved for an upgrade card without LE within 3-4 hrs Virtual Card was generated. Also, Pincode will play a vital role for Wealth Card that's true.

 

[BVCBVC is verified member.]

He is getting the Weath Account by default eligible for Wealth CC. In my case, I was using Millenia(Got on Jan 23) with 1.38L and while opening my select account got the pre-approved select but when the agent applied the application got denied not rejected. After my account got upgraded I called the CC and asked for Select/Wealth CC was first denied when I mentioned my account status instantly request was taken and approved for an upgrade card without LE within 3-4 hrs Virtual Card was generated. Also, Pincode will play a vital role for Wealth Card that's true.

But Wealth account will not give access to Wealth CC as per my experience and understanding on the reports by many on forum. Pincode 100% plays an important role for upgradation and approval of Wealth CC. But non metro locations you can get it approved by RM and BM.

 

[Anindya98]

Wealth card has been devalued massively. Both are LTF, Wealth excels Select in 2 scenarios

1. International Lounge Access
2. 250 BOGO on Paytm.

Just don’t get devalued yourself, after all that’s a credit card. You might get it in future. No worries.

Yes, I agree with you. All are valid points. Now Wealth Card has lost its charm. One more thing Spa Benefits on Wealth cc.
I think IDFC Wealth DC will give you more return than the CC after the recent changes.

 

[jyothisthaliath]

Weath Account by default eligible for Wealth CC

I had asked the branch person about this, if there is any preference for Wealth Account holder for CC upgrade. He said he cannot comment on that as Credit card is a whole different ball game, everything depended on my credit eligibility.

Yet I'm hopeful, something good might happen 🙂 fingers crossed 🤞🏻

 

[Animesh67]

Pincode 100% plays an important role for upgradation and approval of Wealth CC

y e s

 

[Animesh67]

I had asked the branch person about this, if there is any preference for Wealth Account holder for CC upgrade. He said he cannot comment on that as Credit card is a whole different ball game, everything depended on my credit eligibility.

Yet I'm hopeful, something good might happen 🙂 fingers crossed 🤞🏻

Agent can't confirm you ask the CC after 3 statements on the Select CC for Wealth Upgrade also share your last 3 months Income documents.

 

[BVCBVC is verified member.]

Yes, I agree with you. All are valid points. Now Wealth Card has lost its charm. One more thing Spa Benefits on Wealth cc.
I think IDFC Wealth DC will give you more return than the CC after the recent changes.

Yes, I have got Wealth account and Wealth DC on Visa Infinite variant which is more practically useful than Wealth CC. I lost interest in Wealth CC, let them given whenever they’re interested. I have told my RM until you don’t get me Wealth CC don’t call me for any banlance maintenance or any other support. He told he will get back to me after 3 months, but I’m not bothered as I am happy with Select CC + Vistara CC + Wealth DC. Wealth DC has access to arrival lounges

 

[theflash]

Please don't ask for the CC right now let the account get upgraded to Wealth then while linking your account to the family group your customer ID will also, get upgraded to Wealth Status Like in my case after that ask for the wealth cc.

Read this 2 threads for more information

Thread 'IDFC First Select Banking Program Upgrade Journey'

Jun 16, 2024

My Journey of Upgrading to IDFC Select banking​

I got upgraded to IDFC Select Banking on the 13th of June 2024. The process was seamless after giving the consent on 10th June. Virtual DC was generated after few hours. The physical card has not been received yet, I am using the virtual one with no issues. It is showing in the app from the next day IDFC First Select.

Let me share the whole journey.

I started my journey with IDFC last year in May with WOW CC. After that, I opened a joint account(25K MAB) with my father(as Primary Holder) in July End. Been using that...

• Anindya98
• debit card idfc idfc bank idfc first bank select debit card idfc first select banking program idfc select idfc wealth
• Replies: 73
• Forum: Bank Account

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• 
• 

Thread 'IDFC Family Banking for First Select/Wealth/Private Customers'

Jul 19, 2024

I am sharing my history with IDFC: (WOW Card) May 2023 only this was available -> SB Account 25KMAB Joint July 2023 (Secondary Holder) -> SB Account 25KMAB Joint October 2023 (Primary) -> Applied Via CashKaro got IDFC Millenia/Classic without docs via C2C (Selected Millenia 1.38L)-> SB Account 25KMAB May 2024 -> First Select Account Conversion on 14th June 2024 -> Called the CC asked for Select Card as I was pre-qualified instantly request taken card generated within few hours
I only spend Rs130 using my Millenia Card before the upgrade.
Also, got a new single account for my mother...

• Anindya98
• debit card family banking idfc idfc bank idfc bank select idfc bank wealth idfc first bank credit card idfc first select banking program
• Replies: 84
• Forum: Bank Account

• 
• 
• 

I have Wealth since a month now I have already applied multiple times while I was having Select Status and had multiple credit enquiries due to multiple applications done but each time I was offered WOW only, as I had taken it in Nov'22 (when I was NTB opened my accts later on in May'23). I'm not planning to get any further enquiries on my CIBIL as they don't seem to be interested in issuing any card to me 🙁.

 

[Animesh67]

Wealth DC has access to arrival lounges

Please explain .

 

[BVCBVC is verified member.]

Please explain .

R

Thread 'Any one used airport arrival lounges using credit or debit cards?'

Apr 19, 2022

Any one used airport arrival lounges using credit or debit cards?

• raj007
• Replies: 96
• Forum: Airport Lounge Reviews, Experiences & Discussions

Go through this . There are arrival lounges in India which can be access by Wealth DC.

 

[BVCBVC is verified member.]

I have Wealth since a month now I have already applied multiple times while I was having Select Status and had multiple credit enquiries due to multiple applications done but each time I was offered WOW only, as I had taken it in Nov'22 (when I was NTB opened my accts later on in May'23). I'm not planning to get any further enquiries on my CIBIL as they don't seem to be interested in issuing any card to me 🙁.

If I had to tell you mine, I guess I had around 20 enquiries in the past to get select CC to get the card combination right. I am from a Tier 2 city with only wow card displayed during application all the time. I had fought more for this than Infinia 😂😂 to be honest.

 

[Anindya98]

I have Wealth since a month now I have already applied multiple times while I was having Select Status and had multiple credit enquiries due to multiple applications done but each time I was offered WOW only, as I had taken it in Nov'22 (when I was NTB opened my accts later on in May'23). I'm not planning to get any further enquiries on my CIBIL as they don't seem to be interested in issuing any card to me 🙁.

Yes, the same thing happened to me I got a WOW card(no other card available) in May 2023 after that I didn't apply till Jan 24 by then I already had 2 Savings Accounts with them. Then when Cashkaro offered 1000 CB for IDFC cards I applied via them and got 2 options Classic/Millenia(got) spent 130rs throughout 4.5 months and got Upgraded to Select Last month. DM me I can try to help you out with this.

 

[theflash]

If I had to tell you mine, I guess I had around 20 enquiries in the past to get select CC to get the card combination right. I am from a Tier 2 city with only wow card displayed during application all the time. I had fought more for this than Infinia 😂😂 to be honest.

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Is there a chance that any of these enquiries can be suppressed?

 

[BVCBVC is verified member.]

Yes, the same thing happened to me I got a WOW card(no other card available) in May 2023 after that I didn't apply till Jan 24 by then I already had 2 Savings Accounts with them. Then when Cashkaro offered 1000 CB for IDFC cards I applied via them and got 2 options Classic/Millenia(got) spent 130rs throughout 4.5 months and got Upgraded to Select Last month. DM me I can try to help you out with this.

Share them here too, if they are not confidential 😋