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Got IDFC wealth credit card very easily

Harvey_Dent

TF Buzz
Anyone looking to apply for IDFC wealth credit card, go through this post once

I used to apply for IDFC credit cards last year. Every time it got rejected. This time I went to a mall and applied through an agent there.

The process was very simple. He said there are only two criteria for IDFC wealth cc. I only wanted wealth.
1. Salary 4 lakhs
OR
2. Existing card limit 4 lakhs for c2c and at least 1 year old card

I applied c2c using my ICICI apay card with 4.1 lakh limit and 1.2 years old, contray to popular belief it doesn’t work for c2c. The agent did all the application, no salary slips, no documents. Don’t know what salary he filled, but I was shown wealth and applied. I was surprised though.

Later office address verification happened on phone, I said I wfh. I was also sent a mail on my office email to verify company address and name. Process was smooth, even though their portal sucks. Approved within 3 days excluding weekend. Got same limit as apay.

I know this card is devalued now, but still it’s good for offers and dreamfolks membership, which I guess doesn’t have any minimum spends criteria.

10 days earlier I got sapphiro LTF under alumni program, and also got axis select. This is my last application of the year. Next year, I am looking to apply DCB or regalia LTF.

EDIT on 31st July: I received my card. If anyone wondering the lounge access associated with this card. Here’s the detailed info I checked on dreamfoks.

Domestic lounge: 4/qtr, can use cc or dreamfolks card. I know people might challenge this, but IDFC’s partnership with dreamfoks is a bit different compared to ICICI. Hence can use both

International lounge: 4/qtr using dreamfolks card

Railway lounge: 4/qtr. Can take 1 guest as well on that card

Domestic Airport spa: 4/qtr

Grand Total: 16, definitely worth for a LTF card
 
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I disagree here lol applied for wealth at 10 pm did kyc next day 11 am and by 1pm the card is showing in IDFC app and got approval email.
Just because it was like that fast for u , doesn't mean that's a general trend . My CIBIL is 792 with just 3 inquiries in past 6 months . But still stuck in credit review . And I can't wonder why !? At 2l/month salary and 4.2lac existing limit on ICICI Sapphiro, it was showing eligible for Wealth !!
 
Even after entering 3L+ monthly salary and credit card of 4.8L limit only Millenia and Classic cards are shown. CIBIL has about 10 enquires this month though, got 3 CC cards for the first time.

Can anything be done to get Wealth in this scenario?
Can anyone please suggest if they have any valuable inputs?
 
This is bit weird. The only possible reason I can think is that huge number of enquiries effected your application, better try after 3 months. What’s you cibil score though and is your company listed with them?
Company isn't listed with them and CIBIL score is 751 due to the large number of enquiries in August, I guess.

Yeah, I can try after 3 months, hope they still offer it LTF
 
Company isn't listed with them and CIBIL score is 751 due to the large number of enquiries in August, I guess.

Yeah, I can try after 3 months, hope they still offer it LTF
So, I guess cibil could be the major reason. 751 is quite low, maybe they have checks for premium cards. Yeah try again after 3 months and ensure your score is above 770
 
To answer everyones queries. What i have found out that directly getting the wealth card is simply a matter of how much existing limit you have in your old cards if your cards have 6–7-8-10 lakhs limit it is a cakewalk. My friend who was earlier an NRI, earning 4 lakhs in hand got only select variant whereas me and various others having less than 1 lakh (1 person also having 30k salary) have been approved basis limits on existing cards.
 
To answer everyones queries. What i have found out that directly getting the wealth card is simply a matter of how much existing limit you have in your old cards if your cards have 6–7-8-10 lakhs limit it is a cakewalk. My friend who was earlier an NRI, earning 4 lakhs in hand got only select variant whereas me and various others having less than 1 lakh (1 person also having 30k salary) have been approved basis limits on existing cards.
Precise explanation
 
My application was stuck in credit review phase, today I got a call from backend team stating that the home address and office address are very far so kindly update a new home address. So I did update the address and again called him, he said don't worry your application will be processed in a day or two
 
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