Can you increase HDFC unsecured credit card limit with FD?

[joell]

I've 4 cards with HDFC. MB+, UPI Rupay, Swiggy and Tata Neu Plus share 56K limit across those cards. I'm 21 and a student. My usage is around 40-45% every month because HDFC is my primary account but I'm shifting slowly to ICICI. Im planning to book an FD of 50K. I was wondering if I could put a lien on my FD to increase my unsecured limit to say 90% of 50K+ 56K = 1L. I tried to email customer service but they arent properly answering anything and took it up as a credit increase ask. Im a bit too busy with exams to visit the branch.
Has anyone tried this?

 

[avikrish]

I've 4 cards with HDFC. MB+, UPI Rupay, Swiggy and Tata Neu Plus share 56K limit across those cards. I'm 21 and a student. My usage is around 40-45% every month because HDFC is my primary account but I'm shifting slowly to ICICI. Im planning to book an FD of 50K. I was wondering if I could put a lien on my FD to increase my unsecured limit to say 90% of 50K+ 56K = 1L. I tried to email customer service but they arent properly answering anything and took it up as a credit increase ask. Im a bit too busy with exams to visit the branch.
Has anyone tried this?

Credit card on fd is different that is secured cc and the unsecured cc which you got is different they cannot get mixed.

Spend the core card with 20-30% of credit limit every month, you will get credit limit offer in a year or 6 months.

Before having credit card of the bank if you have fd etc.. then you will get pre approved ltf card offers

 

[Ram1]

Yes you can

 

[joell]

Yes you can

Do you know the procedure? or anyone who has done this?

 

[Ram1]

Do you know the procedure? or anyone who has done this?

Earlier to get infinia, you needed to spend 7.5L in last 6 months. Now it's 9L. And you also need 8L minimum limit in current card. My limit was 5L but spends were over 11L.
So to increase limit, you can do an FD lien. Basically whatever amount you lien, your limit increases by 80% of that amount. Eg for 4L they increase limit by 3.2L.

Yeah See this

 

[_ayush]

Do you know the procedure? or anyone who has done this?

do an FD, mail grievance redressal that you want to lien the fd to increase credit limit. they will reply back with a form. fill details and it will be done.

 

[joell]

do an FD, mail grievance redressal that you want to lien the fd to increase credit limit. they will reply back with a form. fill details and it will be done.

Will it show up as secured or unsecured card in cibil?