DCB LTF

[Finchamp!]

You can always pre-pay before statement generation and month end.

Yes. That is an option too. But what is your advice on closing the Regalia card altogether and trying on C2C basis?

 

[rohant]

Yes very true
As per RM we need 4 Lakh net salary per month for infinia
Which is 72 Lakh Net CTC which can be 1cr per year including esops per person 🙁 i have lost hopes on inifinia now

that's not sure at all. People with good relations with the bank and good credit scores and transactions get the card, and sometimes LTF

 

[imdjay]

Yes. That is an option too. But what is your advice on closing the Regalia card altogether and trying on C2C basis?

There is nothing certain in that case. Won't suggest it until you are tired and desperate.

 

[PavanPavan is verified member.]

that's not sure at all. People with good relations with the bank and good credit scores and transactions get the card, and sometimes LTF

What is good relation according to you i mean what is the NRV

 

[Finchamp!]

Kuch nahi. Bus 9-10L ka transaction ker do existing HDFC Card se. They will upgrade the

There is nothing certain in that case. Won't suggest it until you are tired and desperate.

Thak toh gaya hoon yaar 🙁 But I guess I get what you are saying. How many iterations of CC limit enhancements (and how much time) do you think it would take for my limit to go upto 5L from 3L?

 

[Random123]

Enhancing Credit limit at HDFC seems to be the most complicated process in the world right now 🙁. Despite sharing all documents needed for DCB LTF these people offered me lollypop of 20K limit enhancement (i.e. 2.8L to 3L). At this pace I don't know when I would cross 5L. They have asked me to keep spending on my HDFC credit card and try again after 6 months. While they expect me to direct as much of my expenses as possible on my HDFC card, I would not do so as that would disturb my credit utilisation ratio (spending 1.5L on a 3L card would take my utilisation above 50%, and from what Ive read, a CUR >30% is dangerous to CIBIL Score).

Had similar experience with upgrade request to DCB under LTF alumni program. They only increased existing millennia limit to 4L and denied upgrade citing internal policy. They probably are also looking at spend pattern too now. Have tata neu infinity which had decent spends but not much on millennia to be fair . Thought this upgrade was just based on alumni and salary criteria but seems it has changed now.

 

[rohant]

What is good relation according to you i mean what is the NRV

Having an account in the bank for a considerable period. Having FD/ RD/ SIP in the bank. Holding credit card of their bank with good limit + having a good credit score

 

[PavanPavan is verified member.]

Having an account in the bank for a considerable period. Having FD/ RD/ SIP in the bank. Holding credit card of their bank with good limit + having a good credit score

i believe i meet more than this 😛