HDFC Infinia/DCB Metal Year End offer

[devrishivijan]

Today, HDFC Bank Team from Vikhroli office got in touch with me saying that on account of Year end, they can get me approvals for HDFC Diners Club Black Metal if I purchase insurance with minimum premium of Rs. 2 lacs p.a. or buy a annual ULIP of Rs. 2 lacs.

They said they can bridge the shortfall spends by Rs. 2-3 lacs and income criteria by Rs. 5 lacs p.a.

So for DCB Metal and Infinia, they can get approval if you spent only 6-7 lacs in the last one year.

For DCB criteria of net income of Rs. 25 lacs and for infinia net income of Rs. 50 lacs.

What is opinion of all over this?

 

[Mr. BeanMr. Bean is verified member.]

if I purchase insurance with minimum premium of Rs. 2 lacs p.a. or buy a annual ULIP of Rs. 2 lacs

I'd stay away.

 

[thanix]

Today, HDFC Bank Team from Vikhroli office got in touch with me saying that on account of Year end, they can get me approvals for HDFC Diners Club Black Metal if I purchase insurance with minimum premium of Rs. 2 lacs p.a. or buy a annual ULIP of Rs. 2 lacs.

They said they can bridge the shortfall spends by Rs. 2-3 lacs and income criteria by Rs. 5 lacs p.a.

So for DCB Metal and Infinia, they can get approval if you spent only 6-7 lacs in the last one year.

For DCB criteria of net income of Rs. 25 lacs and for infinia net income of Rs. 50 lacs.

What is opinion of all over this?

It is year end offer for themselves for their incentives on selling insurance/ULIP😁

 

[sohamfletcher]

Today, HDFC Bank Team from Vikhroli office got in touch with me saying that on account of Year end, they can get me approvals for HDFC Diners Club Black Metal if I purchase insurance with minimum premium of Rs. 2 lacs p.a. or buy a annual ULIP of Rs. 2 lacs.

They said they can bridge the shortfall spends by Rs. 2-3 lacs and income criteria by Rs. 5 lacs p.a.

So for DCB Metal and Infinia, they can get approval if you spent only 6-7 lacs in the last one year.

For DCB criteria of net income of Rs. 25 lacs and for infinia net income of Rs. 50 lacs.

What is opinion of all over this?

Yup I too received the call, as I had previously applied by writing to Chennai office for upgradation. But was rejected then.

This guy called and offering me FYF infinia metal, along with upgradation of account to preferred/imperia, he can also adjust payment of 2L on cards for 3 months, and can also refund card charges for next 2-3 years.

Looks lucrative. But due to government policy of taxing LTCG and fallings markets ULIPS have been out of favour, so banks are definitely trying to onboard by offering their prized rewards

 

[ALOAK]

Today, HDFC Bank Team from Vikhroli office got in touch with me saying that on account of Year end, they can get me approvals for HDFC Diners Club Black Metal if I purchase insurance with minimum premium of Rs. 2 lacs p.a. or buy a annual ULIP of Rs. 2 lacs.

They said they can bridge the shortfall spends by Rs. 2-3 lacs and income criteria by Rs. 5 lacs p.a.

So for DCB Metal and Infinia, they can get approval if you spent only 6-7 lacs in the last one year.

For DCB criteria of net income of Rs. 25 lacs and for infinia net income of Rs. 50 lacs.

What is opinion of all over this?

Don't even bother to go or buy ulip or insurance. Hdfc is known for this kind of fraud. U will end up into stress. Hear lot of wm not getting the card after buying. Don't bother at all. My 1 cent thought.

 

[devrishivijan]

So guys I did go for the ULIP option and they are supporting with the Infinia part. Since my limit was lower. They asked me to cancel my other hdfc cards to revise the limit. They have told me that the invite email should come by friday.

 

[aniketkr.sharma]

So guys I did go for the ULIP option and they are supporting with the Infinia part. Since my limit was lower. They asked me to cancel my other hdfc cards to revise the limit. They have told me that the invite email should come by friday.

First let the invite email come then cancel the card

 

[devrishivijan]

The risk taken by me is of procuring a ULIP. I can cancel the ULIP within 30 days of issuance if the card isn’t issued.

The savings in rewards justifies the means in terms of my use case for the card.

 

[devrishivijan]

First let the invite email come then cancel the card

Bro I have the card being upgraded. I had three hdfc cards. Cancelled two of them. So not a big deal.

 

[kvndsz512]

Bro I have the card being upgraded. I had three hdfc cards. Cancelled two of them. So not a big deal.

so the last cc also u will be closing before upgrade? 😆 i have never heard such thing bro if u close all card how and which card will be upgraded?

and tbh no email and all would come like this preapproved offer or anything

if they are taking approvals it is a direct offline application with sure shot approval
OR
with approvals they can upgrade the existing card

 

[_deb_]

The risk taken by me is of procuring a ULIP. I can cancel the ULIP within 30 days of issuance if the card isn’t issued.

The savings in rewards justifies the means in terms of my use case for the card.

We are happy for you 🙂

 

[aniketkr.sharma]

so the last cc also u will be closing before upgrade? 😆 i have never heard such thing bro if u close all card how and which card will be upgraded?

and tbh no email and all would come like this preapproved offer or anything

if they are taking approvals it is a direct offline application with sure shot approval
OR
with approvals they can upgrade the existing card

Sometimes people go on blind dates with RM's, better leave them.

If he will be tricked then will remember us

 

[devrishivijan]

so the last cc also u will be closing before upgrade? 😆 i have never heard such thing bro if u close all card how and which card will be upgraded?

and tbh no email and all would come like this preapproved offer or anything

if they are taking approvals it is a direct offline application with sure shot approval
OR
with approvals they can upgrade the existing card

I think I wasn’t clear in my reply.
I have 3 card: regalia gold fyf, swiggy hdfc ltf, pixel go ltf. They asked me to close swiggy hdfc n pixel go to increase the limit on my regalia gold.

Thereafter they will upgrade my regalia gold to infinia.

The MO of the RM is:
a. He asked me to apply by offline form which was rejected within 2 days
b. Then he applied for manual approval. Here they informed him to cancel the above 2 cards to increase limit on my swiggy hdfc.
c. The next step he has informed that I will be receiving an invite for the infinia card on my email.

Will update further steps if any as soon as I get my card.

 

[devrishivijan]

Sometimes people go on blind dates with RM's, better leave them.

If he will be tricked then will remember us

Haha it is definitely a blind date bro, I admit it. However, a calculated one.

 

[aniketkr.sharma]

Haha it is definitely a blind date bro, I admit it. However, a calculated one.

Ask her what is the process from dcbm for some precautions to be taken