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Credit limit increase in hdfc
- Thread starter uvaid786
- Start date
0xfallup
TF Legend
Which card statement u sent and how much was the card limit
sivarock
TF Buzz
I sent kotak Zen with 2.3L limit. But, in my case card upgrade is based on my current limit. I don't know whether they have considered my Zen card statement or not.
0xfallup
TF Legend
oh , how many days it took for everything and was there hard enquiry?...i recently sent my apay statement 2.4 against my moneyback which is 2 years old having 60k and not a single LE
sivarock
TF Buzz
It took a week to 10 days i think. I didn't get any updates until this time. They directly add new card details in hdfc mobile banking first then 2 days later in internet banking. No welcome message initially and my first message was about new card setting information. Then my bluedart AWB details.
So wait, there is no fixed timeline for hdfc
My one escalation going on for more than two months to get first reply 😂
No enquiry for me
This year, their pre approved LE for most of them is less than 15% to none. Only few got more than 15%
MY SUGGESTION
Do one big purchase and then do the low transactions. Don't convert that big purchase to emi after. And don't took their CC LOAN.
0xfallup
TF Legend
alright thanks for your help...will update my scenario 🙂
sivarock
TF Buzz
do you hold any kotak card? totally how many card you hold?
0xfallup
TF Legend
yesterday only i got ..pvr platinum 168k and have many but my highest card limit is 240k i.e of amazonpay icici
sivarock
TF Buzz
There are N number of reasons to think as a bank to delay on deny LE and new CC applications.
I give you one peculiar reason for what any bank thinks.
You know bank will do soft cibil checks or hard checks when we apply any.
Then Cibil will give a better report to the bank than what we see on our Cibil report.
In that, there is an income part and there is a score for that like 1 to 10.
Ex: you previous income was recorded by CIBIL is 8L per year through your old CC or loan applications and your current combined total CCs credit limit is more than that like 10L means they will delay your LE or new CC due to you already holding more than your income.
The CC total utilization amount and any other loan outstanding amount other than home loan are also more than 8L means they think you had enough at this moment. so they delay the LE or new CC.
Like this, there are many reasons.
Attachments
sivarock
TF Buzz
After 6 months you can apply for Kotak LE with C4C method. But your cibil should be 760 and above and your other high limit CC should 1yr old.
0xfallup
TF Legend
sivarock
TF Buzz
You can guess yours by remembering what income you mentioned in your last one year's applications
sivarock
TF Buzz
You can't check directly. These options only for banks.
you can directly visit branch and go for card upgrade
The latest version of the LE form on the HDFC website doesn't have the option to tick C4C. Was thinking of sending the form.
Should I just go ahead and try my luck?
Do share if anybody has recently got LE using C4C method.
HDFC LE FORM. - This form seems to have been in place since 23-03-23
Should I just go ahead and try my luck?
Do share if anybody has recently got LE using C4C method.
HDFC LE FORM. - This form seems to have been in place since 23-03-23
I have received 3 card upgrade offers from HDFC in the last 6 years, which means they ideally want you to use a card for 2 years. I started with 30k limit & current limit is 6.9 lakh. All the upgrades & LE’s were pre approved except for the recent one, where I manually requested for DCB card as an upgrade for my Regalia. My Regalia limit was 3.45 lakh which was doubled to 6.9 lakh, again a pre approved offer. My mantra is simple:
-Use the card as much as possible, pay before statement generation of the usage is more than 20-30%
-Once or twice a year, make a few big purchases, if possible use it for overseas spending
-Maintain a decent NRV with the bank
-Most important thing, be patient. Sometimes we waste a lot of our previous time running behind LE’s, upgrades, etc. even when u don’t require any!
-Use the card as much as possible, pay before statement generation of the usage is more than 20-30%
-Once or twice a year, make a few big purchases, if possible use it for overseas spending
-Maintain a decent NRV with the bank
-Most important thing, be patient. Sometimes we waste a lot of our previous time running behind LE’s, upgrades, etc. even when u don’t require any!
