Got IDFC wealth credit card very easily

[Harvey_Dent]

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

 

[drsel]

Customer care said your existing limit on Select should be over 5 lakhs and you should be using it regularly, in order to be eligible to upgrade to wealth.

Only If you qualify on both counts you can phone them to upgrade.

 

[Kumar93196]

Customer care said your existing limit on Select should be over 5 lakhs and you should be using it regularly, in order to be eligible to upgrade to wealth.

Only If you qualify on both counts you can phone them to upgrade.

My friend is holding select for 2 years and currently having icici card worth 7lacs they deny upgrade saying your income should be more than 36LPA for upgrade.

 

[drsel]

My friend is holding select for 2 years and currently having icici card worth 7lacs they deny upgrade saying your income should be more than 36LPA for upgrade.

36 lakhs per annum and current limit on Select card should be over 5 lakhs, not on any other card.
Limit on other cards is not considered at all.

 

[Kumar93196]

36 lakhs per annum and current limit on Select card should be over 5 lakhs, not on any other card.
Limit on other cards is not considered at all.

While applying for idfc cc
If your limit resides between

25k to 1.49lac you will get MILLENIA/CLASSIC

1.50LAC TO 3.99LAC you will get select.

More than 3.99LAC you can go for wealth.

(In some cases you might get select card with 75k limit and wealth with 1lac limit.)

For upgrading idfc says you need to fullfill both salary and existing cc criteria. And for existing cc it doesn't means your current idfc card should be of that limit it needs to be any XYZ bank.

 

[Rahul Gupta]

While applying for idfc cc
If your limit resides between

25k to 1.49lac you will get MILLENIA/CLASSIC

1.50LAC TO 3.99LAC you will get select.

More than 3.99LAC you can go for wealth.

(In some cases you might get select card with 75k limit and wealth with 1lac limit.)

For upgrading idfc says you need to fullfill both salary and existing cc criteria. And for existing cc it doesn't means your current idfc card should be of that limit it needs to be any XYZ bank.

Hm but one guy had 7-8lac limit cards in cibil and still got millenia in offer.

 

[Jhon Anand]

While applying for idfc cc
If your limit resides between

25k to 1.49lac you will get MILLENIA/CLASSIC

1.50LAC TO 3.99LAC you will get select.

More than 3.99LAC you can go for wealth.

(In some cases you might get select card with 75k limit and wealth with 1lac limit.)

For upgrading idfc says you need to fullfill both salary and existing cc criteria. And for existing cc it doesn't means your current idfc card should be of that limit it needs to be any XYZ bank.

And credit age of person as well as the C2C card ?

 

[plastikman]

Hm but one guy had 7-8lac limit cards in cibil and still got millenia in offer.

Offcourse I know him. It is me. Haha. I had an existing card with 950k limit but got Millenia. Had to go via retention to get it upgraded to Select.

 

[aayusharyan]

I am pushing my luck to get Wealth from Select. Let's see. No harm in trying. 🤷🏻‍♂️

 

[plastikman]

I am pushing my luck to get Wealth from Select. Let's see. No harm in trying. 🤷🏻‍♂️

All the best 👍

 

[Kumar93196]

Hm but one guy had 7-8lac limit cards in cibil and still got millenia in offer.

Its on idfc 's system. i was applying idfc cc of a customer he is having a cc of 2 lacs and only 1 cc he is been using for almost 5 years and he got idfc first wealth with a whopping 6lac limit and is his annual salary is less than the entire cc limit😂😂

 

[Kumar93196]

And credit age of person as well as the C2C card ?

Ya his limit need to be high for more than 2 years.... If you got recent LE than you can't get your hands on higher cards

 

[aayusharyan]

Its on idfc 's system. i was applying idfc cc of a customer he is having a cc of 2 lacs and only 1 cc he is been using for almost 5 years and he got idfc first wealth with a whopping 6lac limit and is his annual salary is less than the entire cc limit😂😂

I want the stuff that the credit underwriters are smoking while making these decisions.

 

[Kumar93196]

I want the stuff that the credit underwriters are smoking while making these decisions.

These are not underwriters. The stuff you are looking are used by Some IT team which created that software.

 

[aayusharyan]

These are not underwriters. The stuff you are looking are used by Some IT team which created that software.

Being from Software Development background and knowing how much outsourcing happens. I can very well imagine why these banking systems are like that.

 

[aayusharyan]

i was applying idfc cc of a customer

Wait, you are an agent?

 

[Kumar93196]

Wait, you are an agent?

Credit card sales. Not from bank

 

[aayusharyan]

Credit card sales. Not from bank

Ohhh, just saw your profile, Freelancer CC sales, nice.

 

[Kumar93196]

Ohhh, just saw your profile, Freelancer CC sales, nice.

Yes and this November i am offering some gift with every cc approved 😂..

 

[aayusharyan]

Can you also help apply for banks like Union Bank / Indian Bank, etc?

 

[Kumar93196]

Can you also help apply for banks like Union Bank / Indian Bank, etc?

Pvt banks only😞