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DBC on FD

@Pavan @Venky, thank you guys ,
actually i wanted magnus but i m not a salaried or ITR, i have 4 cards,HDFC 1L limit, ICICI 50K,SBI 51K,AXIS 30K and CIBIL 775+.
i m thinking to take card on FD,i will go with infinia after 6 months i will apply for card to card for other Bank cards ,
i have few questions
1. i will get other Bank cards right?on C2C after 6 months.
2.wt are the T&C for this infinia on FD basis?
3. is this good way to get super premium credit cards?
thank you guys thank you i need your suggestion
 
@Pavan @Venky, thank you guys ,
actually i wanted magnus but i m not a salaried or ITR, i have 4 cards,HDFC 1L limit, ICICI 50K,SBI 51K,AXIS 30K and CIBIL 775+.
i m thinking to take card on FD,i will go with infinia after 6 months i will apply for card to card for other Bank cards ,
i have few questions
1. i will get other Bank cards right?on C2C after 6 months.
2.wt are the T&C for this infinia on FD basis?
3. is this good way to get super premium credit cards?
thank you guys thank you i need your suggestion

Hey to answer your questions.

1. Yes
2. 10 lakh fd for infinia
3. if you have money laying around and have no use for it then yes
 
@Pavan @Venky, thank you guys ,
actually i wanted magnus but i m not a salaried or ITR, i have 4 cards,HDFC 1L limit, ICICI 50K,SBI 51K,AXIS 30K and CIBIL 775+.
i m thinking to take card on FD,i will go with infinia after 6 months i will apply for card to card for other Bank cards ,
i have few questions
1. i will get other Bank cards right?on C2C after 6 months.
2.wt are the T&C for this infinia on FD basis?
3. is this good way to get super premium credit cards?
You can go for the FD route if you already have an existing FD or thinking about making one. That can be the entry point for you into premium cards. Magnus will take a year old card though to get it.
T&c are not defined clearly. You’ll have to make a 10-11 lakh FD and then apply for the card against it. You’ll be charges the whole amount and you’ll have to surrender the card if you dissolve the FD.
I think c2c can be done via secured cards too. Not very sure about it but the need for c2c app is just your card image and statement.
 
@Pavan @Venky guys few doubts like
1.is their any limit on gift card purchase (for myntra, amazon, flipkart) and which are best vochers
2.their is 15k limit for rewards (on smartbuy), how much worth vochers i can buy
3.i want to know best redemption option( other then flight and hotel) Tanishq is good i think (in Tanishq also max we can pay 70% with points)
thank you guys thank you
 
@Pavan @Venky guys few doubts like
1.is their any limit on gift card purchase (for myntra, amazon, flipkart) and which are best vochers
2.their is 15k limit for rewards (on smartbuy), how much worth vochers i can buy
3.i want to know best redemption option( other then flight and hotel) Tanishq is good i think (in Tanishq also max we can pay 70% with points)
thank you guys thank you
Apologies am not experience to answer above 🙁 i only there is a limit om amazon pay
70% points is only for infinia not for DCB
 
If you are taking FD route please take infinia atleast it's the worth card and yes through FD you can easily get..but remember you can't use that fd during emergency
one thing i was asking customer care ,that they are telling me you can liquid FD anytime , i think it will take around 20days(1st i have to close my card then i can liquid)
am right?
thanks
 
If you take card on fd.. that fd will be put on lien so unless the lien is not removed you cannot break/redeem and one has to go to branch for that




one thing i was asking customer care ,that they are telling me you can liquid FD anytime , i think it will take around 20days(1st i have to close my card then i can liquid)
am right?
than
 
@Pavan @Venky guys few doubts like
1.is their any limit on gift card purchase (for myntra, amazon, flipkart) and which are best vochers
2.their is 15k limit for rewards (on smartbuy), how much worth vochers i can buy
3.i want to know best redemption option( other then flight and hotel) Tanishq is good i think (in Tanishq also max we can pay 70% with points)
thank you guys thank you
I am sorry man, I only hold a Regalia from HDFC and don’t use their gyftr at all. You’ll have to seek help from someone else. 🙏
 
I am sorry man, I only hold a Regalia from HDFC and don’t use their gyftr at all. You’ll have to seek help from someone else. 🙏
brother i have hdfc money back card already ,now i can take infinia with FD ,
i can take right?
hdfc persons are telling that i have to close my hdfc money back card and i m seeing that so many people holds 3 hdfc cards.
 
brother i have hdfc money back card already ,now i can take infinia with FD ,
i can take right?
hdfc persons are telling that i have to close my hdfc money back card and i m seeing that so many people holds 3 hdfc cards.
As per my knowledge you don’t need to close your Moneyback since the Infinia will be FD backed. If you are facing any issues, just switch the branch. Any branch will be keen on making a 10+ lakh FD.
 
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