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Climbing the credit card ladder
- Thread starter bdnbje
- Start date
Do an FD of 10 L and get infinia.
Use it for 6m - 1 Yr and then get every premium card on C2C basis.
This indeed is a Rocket 🚀 Science 🔭
But c2c doesn’t work against secured cards , is what I have seen
Can they differentiate among unsecured & secured cards?
Dont get too many cards.. Get one or two focussed ones.. use it wisely..pay on time / maybe even before time.. gradually increase limit and then c2c..too many cards not recommended.. this can happen quickly if planned well. without un necessary purchase.. but paying in full is key
Only if bank reports it as secured card .
I know for sure that HDFC infinia & IDFC wow against FD are reported as normal ( unsecured ) credit cards.
Two approaches:
1. If you don't want to spend a lot of thought and effort, apply for the best card you are currently eligible for. Cashback cards like the Axis Ace are simple in this regard (no planning, minimal thinking etc).
2. If you are willing to spend time on this, then here are some standard steps. (1) Identify the card you would like to 'climb to' - this could be from HDFC, Axis etc (2) apply for a card from THAT bank - the best one you are eligible for today (3) Put all your spends on that card - ALL. (4) After 6 months write to customer support asking for a limit-enhancement on your existing card (5) repeat step (4).
Once you hit a 'good' credit limit, you can request a card upgrade (and start the climb up the ladder).
Idhar burgundy kholne ke liye 5L nahi hai aur tum FD karwane ko bol rahe ho
Bhai , ladder 🪜 bhi Quick climbing wali chahiye to kuchh kurbani Deni padegi.
On a serious note ...
This may a good method to advance quickly in credit card hierarchy , if somebody has got the funds of FD anyways.
As lots of people are doing FD nowadays due to good rates.
Spend more u will be given LE soon
Yes beforehand we should earn more too
too early on the cc journey.. stay on course.. can slide out of control very quickly.. all the best..
i have cb card but i feel like i have a lot of redundant cards in my portfolio right now like SBI CB Axis FK ICICI Apay and hdfc millenia. I'm looking to upgrade this millenia to something like regalia since millenia is useless to me but i have a 75k limit with it came preapproved with my sb. 75k is much lower than the floor limit for regalia i believe but i have been spending a lot using this card for the last 6 months but no LE generated : (. Can you help me write a mail requesting them for LE ?
Kudos to TF young achiever 🙌👍
Feeling hurt 😣 😣
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