Have a regalia gold with 11.28L. Chances for upgrade to Infinia

[shantanu]

Hi everyone. Have a regalia gold with 11.28L limit. If i take tata neu credit card just for upi payments, will my chances to upgrade to infinia reduce?

My last 3 months spends are around 4L


Previous thread : https://www.technofino.in/community...for-imperia-customer.22527/page-4#post-536914

 

[drsel]

Actually very sad to know that people are spending many lakhs of rupees on poorly rewarding cards like Regalia, Regalia first , Regalia gold etc.

 

[Slayer]

Are you going to now say how Mangnus for Burgundy is the best card?

 

[amit]

Spend atleast 8lakh in six months and then ask for upgrade

 

[nrj1007]

Actually very sad to know that people are spending many lakhs of rupees on poorly rewarding cards like Regalia, Regalia first , Regalia gold etc.

Is there any other way?

 

[imdjay]

Actually very sad to know that people are spending many lakhs of rupees on poorly rewarding cards like Regalia, Regalia first , Regalia gold etc.

True, I spent 9L from RF and that too went in-vain.

 

[drsel]

True, I spent 9L from RF and that too went in-vain.

This is how the banks make huge profits out of their customers, instead of smart customers making profits out of the banks

 

[s1t2y3a3m6]

True, I spent 9L from RF and that too went in-vain.

Why ? didn't get card upgrade ?

 

[s1t2y3a3m6]

Hi everyone. Have a regalia gold with 11.28L limit. If i take tata neu credit card just for upi payments, will my chances to upgrade to infinia reduce?

My last 3 months spends are around 4L


Previous thread : https://www.technofino.in/community...for-imperia-customer.22527/page-4#post-536914

No but upgrade to infinia only depends on regalia spend.

 

[imdjay]

Why ? didn't get card upgrade ?

No. Had to go through some other ways.

 

[imdjay]

This is how the banks make huge profits out of their customers, instead of smart customers making profits out of the banks

But anyway I made profit from those transactions too. 😝 So no net loss. but could have been more profitable with other cards If I had those at that point of time.

 

[shrewdoc]

No but upgrade to infinia only depends on regalia spend.

You can spend on either card, it doesn't matter.

 

[Rahul Gupta]

Hi everyone. Have a regalia gold with 11.28L limit. If i take tata neu credit card just for upi payments, will my chances to upgrade to infinia reduce?

My last 3 months spends are around 4L


Previous thread : https://www.technofino.in/community...for-imperia-customer.22527/page-4#post-536914

Spend minimum 7.5lacs in last 6 months then email Grievance.Redressalcc@hdfcbank.com for upgrade or if you have good NRV with hdfc then you can ask them to upgrade on the basis of NRV/Good Relation with the bank as hdfc values the relation alot. You can also approch your RM/Bm for the upgrade if they are willing to help.

 

[Sriim]

You can spend on either card, it doesn't matter.

Wrong. Spends need to be on core card

 

[sidp]

Hi everyone. Have a regalia gold with 11.28L limit. If i take tata neu credit card just for upi payments, will my chances to upgrade to infinia reduce?

Hdfc only considers spend on the card you are upgrading which is regalia gold here.

As Regalia gold doesn't have rupay, your upi spend wouldn't anyway be part of it. So you needn't worry.

 

[drsel]

True, I spent 9L from RF and that too went in-vain.

You would have got 12.46% return on Magnus Burgundy
1.5 lacs return 7200
7.5 lacs return 105000.
Imagine how much your current credit card made out of you

 

[imdjay]

You would have got 12.46% return on Magnus Burgundy
1.5 lacs return 7200
7.5 lacs return 105000.
Imagine how much your current credit card made out of you

At that point of time, I had no super premium cards.
I would get chance to do this again in life. 🤣 Why over-think?

 

[ccrnc]

You would have got 12.46% return on Magnus Burgundy
1.5 lacs return 7200
7.5 lacs return 105000.
Imagine how much your current credit card made out of you

Imagine how much one could have made if someone put 10L/30L in equity in August 2023 instead of giving it to Axis Bank for 3/7% 🙂

 

[drsel]

Imagine how much one could have made if someone put 10L/30L in equity in August 2023 instead of giving it to Axis Bank for 3/7% 🙂

30 lacs in equity doesn't guarantee you more than 7.25% per annum.

Chances of negative returns are very high when you insist on investing at the peak of the market and expect it to keep on going higher and higher.

What will you do if Flls keep on selling or if there is another virus attack or terrorist attack or war or the government falls or something nobody could never imagine?

you need to keep some money @7.25%, ready for that crash,

 

[ccrnc]

30 lacs in equity doesn't guarantee you more than 7.25% per annum.

Chances of negative returns are very high when you insist on investing at the peak of the market and expect it to keep on going higher and higher.

What will you do if Flls keep on selling or if there is another virus attack or terrorist attack or war or the government falls or something nobody could never imagine?

you need to keep some money @7.25%, ready for that crash,

Neither does keeping 30L with Axis guarantee that they won't block your account or devalue it.
Anyway, I was talking about a specific scenario, about how people were arm-twisted into handing over funds to Axis in August, equity markets have returned 20% at minimum since then. Highly unlikely anyone came out ahead by trusting Axis, especially when they devalued their new offering already.

The whole point of this gimmick is that you can't withdraw those funds without losing your Burgundy status, so it doesn't matter if there's a crash or not, that amount isn't accessible/investible without creating headaches.

As for war/govt falling, if that happens, we have bigger problems than credit cards and FD's. The only asset that'd probably be useful would be physical gold, and alas, no more rewards on jewellery for MB either.