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Hdfc Bank credit limit upgrade offer.

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Shoxie

Shoxie

TF Ace
So, I've been using milliniea for the past 7 months. Wrote them for a credit limit increase last Month and they denied the request. Escalations also didn't work, even though I had credit limit of 1.5L from other banks.

My credit limit was only 20k, which is only of the lowest for Millennia credit card. Since then, started maintaining 50k in the account and have increased my spends in the card will spend 1l in the current quarter, have spent approximately 60k from start of the year.

I've now received an offer to upgrade my Credit limited to 40k only, which is also very low. So my question is, should I wait for at least another month, spend more than 1L in the quarter, and then reach write an email for manual CL Enhancement? Will that work? Or they'll still offer me only 40k?

Also, if I accept the CL enhancement now, how long does it take for HDFC to offer another CLI? Is it 6 months cooldown like in Axis and SBI?

P.s. My salary doesn't match the requirement of 35k pm and I applied and got this card on C2C basis. I posted this considering this is a specific case, I tried searching and didn't get any results similar to this
 
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Shoxie said:
So my question is, should I wait for at least another month, spend more than 1L in the quarter, and then reach write an email for manual CL Enhancement?
Click to expand...
1st findout deadline to avail le? Spend as much you can till 10 days before deadline.

Tell them you are planning to buy a mobile/laptop and 40K limit wouldn't be enough. And you would be forced to spend it on other card. Share hdfc and one other cc statement to show that your limit is higher in that card and your repayment history is good.

You can say I am student /self employed. Hence sharing itr/salary slip won't be helpful. Ask them to make special concession for your case. If they don't agree , then accept the auto le.
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Sriim said:
I got LE from 3 to 3.7 L on my Regalia Gold after sending income documents to Chennai. Had spent 8.2L in 11 months of usage. Having salary account with them
Click to expand...

Ohh... Can I know if not personal... what was the change in income ??

like for eg, if i got the card earlier on 6 L p.a and now if I submit the 8 L p.a income documents ?? what percentage of my current credit limit will increase ?
 
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I have salary account in State Bank of India (Previously known as State Bank of Bikaner and Jaipur) since 2012 and saving account is from 2007.
Holding 2 accounts with SBI as one was previously in SBBJ.
All of my family members have an account in SBI.
My First Car Loan was taken from SBI in 2013 and Second Card Loan was also taken from SBI in 2019 as SBI have best interest rates for me among all private players without any foreclose charges.
Why everyone is underestimate the SBI ?
Having a bank account in SBI is a different categorization ?
What is the funny thing having a SBI account as everyone is laughing ?
 
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fageriaji said:
I have salary account in State Bank of India (Previously known as State Bank of Bikaner and Jaipur) since 2012 and saving account is from 2007.
Holding 2 accounts with SBI as one was previously in SBBJ.
All of my family members have an account in SBI.
My First Car Loan was taken from SBI in 2013 and Second Card Loan was also taken from SBI in 2019 as SBI have best interest rates for me among all private players without any foreclose charges.
Why everyone is underestimate the SBI ?
Having a bank account in SBI is a different categorization ?
What is the funny thing having a SBI account as everyone is laughing ?
Click to expand...
I took a car loan from SBI in 2019.
Then took another car loan from hdfc in 2022,could not even dare to contact them for this.
I didn't like their service.
Your experience could be different as every resource comes with different nature of skills.
I personally avoid this bank,even sbicards
 
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deep@vie said:
I took a car loan from SBI in 2019.
Then took another car loan from hdfc in 2022,could not even dare to contact them for this.
I didn't like their service.
Your experience could be different as every resource comes with different nature of skills.
I personally avoid this bank,even sbicards
Click to expand...
SBI bank and SBI card both are different companies.
I have HDFC Imperia Banking and branch is just 100 meter away from my home but in case of Car Loan/ Personal Loan no one can beat SBI if you have a good CIBIL and Government Sector Employee.
SBI have a lot of burden due to government schemes. SBI have to provide facility to every government schemes and even receive target from central government to fullfill them. That's why the banking services became secondary for SBI and to please the government is first priority.

Before merger SBBJ was far batter then SBI
 
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fageriaji said:
SBI bank and SBI card both are different companies.
I have HDFC Imperia Banking and branch is just 100 meter away from my home but in case of Car Loan/ Personal Loan no one can beat SBI if you have a good CIBIL and Government Sector Employee.
SBI have a lot of burden due to government schemes. SBI have to provide facility to every government schemes and even receive target from central government to fullfill them. That's why the banking services became secondary for SBI and to please the government is first priority.

Before merger SBBJ was far batter then SBI
Click to expand...
I know sbi & sbicard are different companies but attitude remains the same.
In my case, hdfc offered better rate than SBI.
 
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techt said:
Typical story with few of my colleagues. Still holding due to emotional value.

BTW, it's Forex remitences are better than the premium banking private banks.
Click to expand...
Yeah... Infact my forst Mutual fund investment first FDR, first debit card all were from SBI...
And since keeping 20-30k in it is not hampering anything
 
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