HDFC FD Limit Increase and Upgrade Timeline

[joell]

Was holding MB+ with 56K limit for 8 months. Spends on MB+ is 2.5L in last 8 months. No income student. Also holding UPI floater, Neu Plus and Swiggy.

Dec 2

• Sent email to HDFC requesting a credit card upgrade to Millennia and a credit limit increase.
• Received reply: Request for Millennia card and credit limit increase could not be accommodated. Limit reviews are conducted every six months based on card usage and payment patterns.
• Replied: Escalated and highlighted consistent usage of the MoneyBack Plus card and spending exceeding the threshold for the annual fee waiver. Emphasized the benefits of shifting spending to the Millennia card.

Dec 3

• Received reply: Card upgrade request to Millennia denied as it did not meet the bank's internal criteria.
• Replied: Expressed disappointment and proposed an alternative solution of a lien against a fixed deposit. Offered to deposit FD for limit increase.

Dec 12

• Bank responded: Shared details about the Fixed Deposits Lien declaration form required for further review of the limit enhancement request.

Dec 13

• Submitted the filled Fixed Deposits Lien declaration form.

Dec 24 (9 days later)

• Received response: Offer to increase credit limit, subject to internal review, bringing the total limit to just under 2L.
• Replied: Confirmed consent for the proposed limit increase and requested necessary processing.

Jan 2 (9 days later)

• Credit limit increased. Acknowledged query regarding card upgrade to Millennia was under review and assured priority resolution.

Jan 7 (5 days later)

• Bank updated: Millennia card upgrade available with pricing details (First Year Free, Renewal Fee: ₹1000+ GST with waiver on ₹1L annual spend). Requested confirmation for pricing, product features, and consent for CIBIL check. Required latest income proof for review.
• Sent confirmation and provided requested details except income proof (not available as a student).
• Also asked for upgrade from Neu Plus to Infinity but was denied.

Jan 12

• Received SMS: Millennia card approved. No CIBIL enquiry.

Jan 14

• Got the physical card.

These guys are soo slow goddamn.

 

[aniketkr.sharma]

Was holding MB+ with 56K limit for 8 months. Spends on MB+ is 2.5L in last 8 months. No income student. Also holding UPI floater, Neu Plus and Swiggy.

Dec 2

• Sent email to HDFC requesting a credit card upgrade to Millennia and a credit limit increase.
• Received reply: Request for Millennia card and credit limit increase could not be accommodated. Limit reviews are conducted every six months based on card usage and payment patterns.
• Replied: Escalated and highlighted consistent usage of the MoneyBack Plus card and spending exceeding the threshold for the annual fee waiver. Emphasized the benefits of shifting spending to the Millennia card.

Dec 3

• Received reply: Card upgrade request to Millennia denied as it did not meet the bank's internal criteria.
• Replied: Expressed disappointment and proposed an alternative solution of a lien against a fixed deposit. Offered to deposit FD for limit increase.

Dec 12

• Bank responded: Shared details about the Fixed Deposits Lien declaration form required for further review of the limit enhancement request.

Dec 13

• Submitted the filled Fixed Deposits Lien declaration form.

Dec 24 (9 days later)

• Received response: Offer to increase credit limit, subject to internal review, bringing the total limit to just under 2L.
• Replied: Confirmed consent for the proposed limit increase and requested necessary processing.

Jan 2 (9 days later)

• Credit limit increased. Acknowledged query regarding card upgrade to Millennia was under review and assured priority resolution.

Jan 7 (5 days later)

• Bank updated: Millennia card upgrade available with pricing details (First Year Free, Renewal Fee: ₹1000+ GST with waiver on ₹1L annual spend). Requested confirmation for pricing, product features, and consent for CIBIL check. Required latest income proof for review.
• Sent confirmation and provided requested details except income proof (not available as a student).
• Also asked for upgrade from Neu Plus to Infinity but was denied.

Jan 12

• Received SMS: Millennia card approved. No CIBIL enquiry.

Jan 14

• Got the physical card.

These guys are soo slow goddamn.

Congratulations on the upgrade

You got the upgrade that's a good thing

 

[Pissant]

Now what happens if you break the deposit?

 

[aniketkr.sharma]

Now what happens if you break the deposit?

Lein Deposits can't be broken without having approval and also need lein removal before break.

They will downgrade the limit and maybe the card too

 

[aniketkr.sharma]

Was holding MB+ with 56K limit for 8 months. Spends on MB+ is 2.5L in last 8 months. No income student. Also holding UPI floater, Neu Plus and Swiggy.

Dec 2

• Sent email to HDFC requesting a credit card upgrade to Millennia and a credit limit increase.
• Received reply: Request for Millennia card and credit limit increase could not be accommodated. Limit reviews are conducted every six months based on card usage and payment patterns.
• Replied: Escalated and highlighted consistent usage of the MoneyBack Plus card and spending exceeding the threshold for the annual fee waiver. Emphasized the benefits of shifting spending to the Millennia card.

Dec 3

• Received reply: Card upgrade request to Millennia denied as it did not meet the bank's internal criteria.
• Replied: Expressed disappointment and proposed an alternative solution of a lien against a fixed deposit. Offered to deposit FD for limit increase.

Dec 12

• Bank responded: Shared details about the Fixed Deposits Lien declaration form required for further review of the limit enhancement request.

Dec 13

• Submitted the filled Fixed Deposits Lien declaration form.

Dec 24 (9 days later)

• Received response: Offer to increase credit limit, subject to internal review, bringing the total limit to just under 2L.
• Replied: Confirmed consent for the proposed limit increase and requested necessary processing.

Jan 2 (9 days later)

• Credit limit increased. Acknowledged query regarding card upgrade to Millennia was under review and assured priority resolution.

Jan 7 (5 days later)

• Bank updated: Millennia card upgrade available with pricing details (First Year Free, Renewal Fee: ₹1000+ GST with waiver on ₹1L annual spend). Requested confirmation for pricing, product features, and consent for CIBIL check. Required latest income proof for review.
• Sent confirmation and provided requested details except income proof (not available as a student).
• Also asked for upgrade from Neu Plus to Infinity but was denied.

Jan 12

• Received SMS: Millennia card approved. No CIBIL enquiry.

Jan 14

• Got the physical card.

These guys are soo slow goddamn.

What amount of FD you had done and what % of FD do they gave limit increase?

 

[joell]

What amount of FD you had done and what % of FD do they gave limit increase?

It depends on the customer. Someone I talked to got 80%. I got 90%.

 

[sandipnandi16]

Millenia was given lifetime free till 16 Jan. So you could have applied that directly, only disadvantage will be the limit they would have asked to split the existing limit They are approving additional card for existing user very easily.

But I don't believe that there is no cibil enquiry this could only happen if your existing card is closed. Or else cibil enquiry is bound to happen.

I may be wrong also if you want to increase limit, they doubled my limit after 4 years.