HDFC Credit Cards - FD Based.

[BVCBVC is verified member.]

Dear Community,

I had some issues in the past with HDFC Credit cards in 2015. They issued me credit card in 2013 and it got renewed in 2016, But I didn't collect the credit card as I moved out of Chennai to Bangalore. But they are saying that some payments are pending and kept it as delinquent account due to missed payments within due time which didn't happen actually with my knowledge. With that reason they are rejecting my Credit Card applications (2 rejected till now with same reason). I do hold preferred account with them with good account balance and transactions, but they are not offering credit card.

Now they are offering FD based credit card (3.5L - Regalia, 13L - Infinia). After 6-9 months of good usage they are telling they will provide Floater Credit card which will be different from the existing credit card, then you can close your FD credit card (For Ex, If we take Infinia now with 13 L FD, they wont give Infinia they may give Regalia, But if we take Regalia now they may give Diners Privilege or Diners Black depends on the usage and getting Infinia in that way will be around 3 years from now).

My Credit Card Portfolio:

ICICI Emeralde, Axis Magnus, Axis Vistara Infinite, Axis Privilege, SBI Prime, Citi Premier Miles, ICICI Coral, ICICI Amazon Pay, One Card, RBL Play Card


Can someone suggest me how to proceed from here. @TechnoFino Sumanta Hope you will be helpful on this issue.

 

[rajsanthosh]

I am having savings max account (joint account as I am primary holder).
I deposited 1.5L FD to avoid minimum balance requirement.
First I tried to apply unsecured card and it got rejected due to my education loan issue in the past .
Then i visited the nearby branch and asked to issue millennia card based on my fd .
They gave a form to sign it , i signed it .

After few days it got rejected due to secondary holder signature missing, then in new form we signed again.
After 8 days it got approved.

Unsecured card i tried with 3rd party agent .
But secured card i went via bank only .

Hope this info helps .
FD AMOUNT: 1.5L
Limit : 1.2L

Your fd based credit card annual charge or free

 

[sarainfo12]

Your fd based credit card annual charge or free

My card is millennia credit card , so what ever the charges applicable as per the card is applied .
We can't get LTF or FYF offer from secured cards .
My icici secured card is LTF because it's platinum card .

 

[aashuuuu]

Can anyone please confirm what percentage of FD amount does HDFC provide Credit limit on Secured Credit Cards.

 

[aashuuuu]

@sarainfo12 Do update.

 

[sarainfo12]

@sarainfo12 Do update.

80% of FD amount

 

[Tejo]

Check this one ....

 

[Tarun239]

Check this one ....View attachment 39652

What about diners black and infinia against fd?

 

[zealsid]

What about diners black and infinia against fd?

We have a Infinia against FD. FD amount should be > 10 lac.

 

[zealsid]

Your fd based credit card annual charge or free

Annual charges are there till we surrender card

 

[BVCBVC is verified member.]

Infinia aganist FD is dropped last year September or October due misselling by bank employees.

DCB is not available under FD.

 

[sarainfo12]

What about diners black and infinia against fd?

It's mentioned diners not allowed, but they gave diners against my FD .

 

[BVCBVC is verified member.]

It's mentioned diners not allowed, but they gave diners against my FD .

Typical HDFC policies.

How much FD did you make and did you receive DCB Metal?

 

[sarainfo12]

Typical HDFC policies.

How much FD did you make and did you receive DCB Metal?

They gave diners millennia lol .
1.5L FD amount and 1.2L they gave me limit .

Btw i recently converted that card from secured to unsecured. Lien got removed .

 

[aashuuuu]

They gave diners millennia lol .
1.5L FD amount and 1.2L they gave me limit .

Btw i recently converted that card from secured to unsecured. Lien got removed .

How did you do that?
Please elaborate.

 

[zealsid]

Infinia aganist FD is dropped last year September or October due misselling by bank employees.

DCB is not available under FD.

Yes, we got it in end September and then it was discontinued.

 

[sarainfo12]

How did you do that?
Please elaborate.

I got the card on July month , and using regularly like 20 to 50k per month .
Recently (dec month) I sent a email to grievance.redressalcc@hdfcbank.com
To requesting to convert my card from secured to unsecured card . And also last month i opened salary account with them and moved my salary credit from icici to hdfc .
They replied and asked me to share my payslips ( that time salary not credited in new hdfc account) . Then I sent those documents . During that time my salary also credited to new hdfc account.

Then they removed FD lien and based on my salary they agreed to give same limit which is 1.2L.

I am not sure whether my salary account played a role or not . But if we have solid income proof , they will convert it after 6 months of good usage and on time payment .

Entire process almost took 23 to 25 days days .

 

[prash1161]

If i get hdfc cc based cc how much minimum fd? And which card should i get?
Will I get pre approved offers?
Is it worth?

 

[Chaitanya-a]

If i get hdfc cc based cc how much minimum fd? And which card should i get?
Will I get pre approved offers?
Is it worth?

Minimum FD required is 15k. You'll get 80% limit of FD amount. Better card is Millennia which requires 1.25L FD.

Here's the criteria for other HDFC cc based on FD:

 

[prash1161]

Minimum FD required is 15k. You'll get 80% limit of FD amount. Better card is Millennia which requires 1.25L FD.

Here's the criteria for other HDFC cc based on FD:

View attachment 44180

Major benefits of millennia?

 

[sidp]

Here's the criteria for other HDFC cc based on FD:

These are policy but they do make exception. While I applied for reg gold, asm showed me a form where it was written 5.6L for biz black and 5.x for DCB metal. He said those are only for paid card with lien fd for people who have good relationship value and as I wasn't OK to put lien. So he agreed for regalia gold.
Even for infinnia bm quoted 10L fd for lien, 15L without lien or 50L transactions in current account. When they have target they would find a way.