Hdfc cc new limit

[Cc_creditguy]

Hi guyz today I received 100% limit enhancement in hdfc cc 30k to 60k should I take it ??
Relationship status, salary account
Prefered customer, holding 3 card
1. legendary money-back +
2. Tata neu plus
3.Hdfc rupay

 

[BVCBVC is verified member.]

Sorry I got mixed up... between IDFC and HDFC threads currently running in parallel... that was supposed to be in IDFC thread..
Yes, for HDFC also I am happy that I got 8L ... I really dont need anymore..

Understood you've been between 2 threads.

Yes 8L on a single card is more than enough other than exceptional cases. Even if they offer me more, I will not accept LE.

 

[MudraMantra]

Hi guyz today I received 100% limit enhancement in hdfc cc 30k to 60k should I take it ??
Relationship status, salary account
Prefered customer, holding 3 card
1. legendary money-back +
2. Tata neu plus
3.Hdfc rupay

Yes, accept that this will enhance your credit utilization ratio.

 

[Fini7777]

U have preferred speak to rm and get better credit card either millenia or regalia. Check in upgrade n see in net banking
Also u can get platinum card.

The RMs won't help with our needs They always try to push their products which r useless so, the RM may not help in this case

 

[dealminer]

I really dont need anymore..

technically you'll if you are going to buy a car/house/ or want to burn the cash

 

[SSV]

technically you'll if you are going to buy a car/house/ or want to burn the cash

I am more of a fundamental guy rather than a technical guy .. 80 - 20 rule..

 

[dealminer]

I am more of a fundamental guy rather than a technical guy ..

still, infinia without 7 digit limit looks dull.
Don't you agree?

 

[SSV]

still, infinia without 7 digit limit looks dull.
Don't you agree?

Yes...
when it hapens.. it happens.... dont really care as of now...

 

[bhavik886151]

I am more of a fundamental guy rather than a technical guy .. 80 - 20 rule..

but higher limit always good though you don't need it now
i never take credit card as seriously and lost change so many good LTF cards as well as never accept any limit increase or not use cards at all
but now i regret it as my requirements changed and if i take all those cards and LE i will be at next level which take me at least 2 years from now

 

[SSV]

but higher limit always good though you don't need it now
i never take credit card as seriously and lost change so many good LTF cards as well as never accept any limit increase or not use cards at all
but now i regret it as my requirements changed and if i take all those cards and LE i will be at next level which take me at least 2 years from now

I am not saying we dont need HIGH CLs .. HIGH CL in one or two main cards is enough..
For me I have more than 15 Cards..
If we have high CLs on all the cards, we will end up as "Highly leveraged " and wont get any Credit cards in future..

 

[iamdhamo]

The RMs won't help with our needs They always try to push their products which r useless so, the RM may not help in this case

True but sometimes few help and we can check with grievance.redressalcc@hdfcbank.com team for limit increase

 

[iamdhamo]

I am not saying we dont need HIGH CLs .. HIGH CL in one or two main cards is enough..
For me I have more than 15 Cards..
If we have high CLs on all the cards, we will end up as "Highly leveraged " and wont get any Credit cards in future..

Oh so u mean high CL is bad? If we have 5 plus cards n if one is having 10L+ limit will this limit problem when I apply for a cc from a bank where there is no cc associated?

 

[SSV]

Oh so u mean high CL is bad? If we have 5 plus cards n if one is having 10L+ limit will this limit problem when I apply for a cc from a bank where there is no cc associated?

The ratio between your total granted CL on all cards and your income is called leverage..

this levergae should not be too high.. How much high is a high depends on how each bank looks at it..

 

[SAS]

Minimum credit limit for Millennia is 1 lack right? What he will request with 30K limit?

NO I HAVE MILLENIA CC WITH 60K LIMIT LTF

 

[Fini7777]

NO I HAVE MILLENIA CC WITH 60K LIMIT LTF

How did u get this card?
pre-approved or Applied from your side?
In general The base limit for millennia is 1L in some Exceptional cases like pre-approved cases they provide it with low limit

 

[Fini7777]

True but sometimes few help and we can check with grievance.redressalcc@hdfcbank.com team for limit increase

Yes, Reaching out to the cc escalation team is a Very good way for LE and Upgrades

 

[SAS]

How did u get this card?
pre-approved or Applied from your side?
In general The base limit for millennia is 1L in some Exceptional cases like pre-approved cases they provide it with low limit

when i have no relation with the bank suddenly i got a call and they said i have this card pre approved and to my surprise they gave it LTF and also i dont know how did i get pre approved offer as well

 

[yusuf646]

NO I HAVE MILLENIA CC WITH 60K LIMIT LTF

I got the information from Grievance Redressal team. Don't know what they guys are doing

 

[Das.N]

In HDFC they do offer 20-30% of annual income as limit.

True, this is the case with me too, 20% of annual income

 

[Trust Me]

I am not saying we dont need HIGH CLs .. HIGH CL in one or two main cards is enough..
For me I have more than 15 Cards..
If we have high CLs on all the cards, we will end up as "Highly leveraged " and wont get any Credit cards in future..

I am puzzled! You believe high CLs (like 8L) on a couple of cards is enough (and I agree). So how many active cards at a given time is deemed sufficient? Since you're still worried about high leverage even after 15+ cards, clearly that isn't enough!
.

 

[SSV]

So how many active cards at a given time is deemed sufficient?

This depends on your spends , types of spends and returns and non-spend benefits you are expecting...
In simple terms depends on your lifestyle... and varies from person to person ...

Since you're still worried about high leverage even after 15+ cards, clearly that isn't enough!

Look at the answer above, depends on individual's needs... the card's returns and benefits will change over the period of the time and so as the requirements of individuals.. hence the number of cards that a person can own varies over the period of the time