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

 

[Lobogris]

30+% for the last 3 years

That is no guarantee for the future.

 

[Lobogris]

M4b makes sense only for salaried or current account holders. Keeping 10L in savings or 30L fd just for burgundy account makes no financial sense. Someone has to spend at least 20- 25L just to break even from the loss of "burgundy status".

1st of all, people need to differentiate between emergency, consumption & investment funds. Weridly, Burgundy balance can't be termed any of that because once you take the money out you lose burgundy status & the cc.

But where did you get the figure? Really 7.25%? People can get much higher return if they just do few simple things. People who dont have good finance knowledge & those who cant stay updated with relevant info, shouldn't even deal with individual stocks. Dealing with individual stocks is a full time job (though there are few exception).

If someone is putting money in burgundy account means he doesn't need to spend it in medium term then he should park the funds at mf. Even if there is a crash, it'll bounce back

If it happens, there are bigger things to worry about than cc rewards.

It's like saying someone might die next day/week/month, So he should spend all his money to enjoy. There is no sense of proportion in this argument.

Like @ccrnc said, if someone is so paranoid about war/govt/bank failing then they should buy gold ( may be with infinnia or even neu infinity/ kotak myntra 🤣)

Markets crash all the time. It is a reasonable analogy. Higher the risk, higher the reward. So all instruments proving higher returns are more risky in general.
Coming to 30 lakhs in Axis FD, you can withdraw it for short term if needed. As long as you can keept the NRV above 30 lakhs for the quarter. In addition, a person is likely to have other funds available. So if I am keeping, say, 50 lakhs in HDFC FD, 40 in SBI and so on, I coukd easily move 30 to Axis without any loss. People are not liquidating stocks and MFs to make this FD. So this notional loss is flawed. The person making that FD would have kept it in FD somewhere else. So no loss at all.

 

[sourpai]

What about the concept of asset allocation which is a part of prudent financial planning?

If you have 1Cr or 1.5Cr liquid net worth, will you put all that into equity? What if someone has 70:30 asset allocation for equityebt? 30L FD in that case is easily justified. without any notional loss

It all depends on your liquid net worth. Can't really judge whether doing 30L FD is good or bad in isolation

It is definitely bad if someone is putting all or majority of their savings into FD

 

[Lobogris]

What about the concept of asset allocation which is a part of prudent financial planning?

If you have 1Cr or 1.5Cr liquid net worth, will you put all that into equity? What if someone has 70:30 asset allocation for equityebt? 30L FD in that case is easily justified. without any notional loss

It all depends on your liquid net worth. Can't really judge whether doing 30L FD is good or bad in isolation

It is definitely bad if someone is putting all or majority of their savings into FD

Completely correct. Only people with little money think of investing everything in equity. Anyone with a decent portfolio above a few crores would think of capital protection first.