Hdfc & it’s Audacity!

[Saiv]

We all know, when it comes to Credit limit, hdfc acts like a peasant, i’ve seen users getting ₹5000 limits also(across SM). Same HDFC offering instant loans On CC’s without any documents or other procedures with 3X times the limit of the Card. They push this loan thing very hard across the communication channels like WhatsApp(no matter how many times we opt out or block they’ll message from another account), mails app notifications website banners whatnot.

What infuriates me is, we’re good enough for them to push 3x times of the cc limit as loan but not as Credit limit(i know they have to put some money aside for every cc Acc but still).

In my case i even pledged my Fd i.e lakhs for a increased limit, but all i got was huge resounding no from hdfc.

Every time i see this loan related communication from hdfc it feels like they’re mocking me, coz i hold other bank’s CCs of course they also offer loans on cc but not more than CC Limit. Ex: if the limit is ₹460K then the loan offer will be in around >₹300k, but hdfc case different!

They won’t allow credit limit hikes, Weird rule of no core cc after co branded one, No rupay VC for co branded cards, low limits, in my case no fd based limit enhancement, No proper app for ccs(still that mycards website). Basic to the core Hdfc App & IB. What else i miss

 

[Anupama_Jha]

We all know, when it comes to Credit limit, hdfc acts like a peasant, i’ve seen users getting ₹5000 limits also(across SM). Same HDFC offering instant loans On CC’s without any documents or other procedures with 3X times the limit of the Card. They push this loan thing very hard across the communication channels like WhatsApp(no matter how many times we opt out or block they’ll message from another account), mails app notifications website banners whatnot.

What infuriates me is, we’re good enough for them to push 3x times of the cc limit as loan but not as Credit limit(i know they have to put some money aside for every cc Acc but still).

In my case i even pledged my Fd i.e lakhs for a increased limit, but still i got huge no from hdfc.

Every time i see this loan related communication from hdfc it feels like they’re mocking me, coz i hold other bank’s CCs of course they also offer loans on cc but not more than CC Limit. Ex: if the limit is ₹460K then the loan offer will be in around ₹300k.

They won’t allow credit limit hikes, Weird rule of no core cc after co branded one, No rupay VC for co branded cards, low limits, in my case no fd based limit enhancement, No proper app for ccs(still that mycards website). What else i miss

Atleast someone spoke. In greed for higher credit limit I even took 155k jumbo loan last yr😜 But to my surprise they have again started bombarding with another loan offers

 

[Jackk]

Spammed solely with futile loan offers for almost three years now and that too every alternate day! Argh!!! 😡

 

[Hell_Kitty]

We all know, when it comes to Credit limit, hdfc acts like a peasant, i’ve seen users getting ₹5000 limits also(across SM). Same HDFC offering instant loans On CC’s without any documents or other procedures with 3X times the limit of the Card. They push this loan thing very hard across the communication channels like WhatsApp(no matter how many times we opt out or block they’ll message from another account), mails app notifications website banners whatnot.

What infuriates me is, we’re good enough for them to push 3x times of the cc limit as loan but not as Credit limit(i know they have to put some money aside for every cc Acc but still).

In my case i even pledged my Fd i.e lakhs for a increased limit, but still i got huge no from hdfc.

Every time i see this loan related communication from hdfc it feels like they’re mocking me, coz i hold other bank’s CCs of course they also offer loans on cc but not more than CC Limit. Ex: if the limit is ₹460K then the loan offer will be in around ₹300k.

They won’t allow credit limit hikes, Weird rule of no core cc after co branded one, No rupay VC for co branded cards, low limits, in my case no fd based limit enhancement, No proper app for ccs(still that mycards website). What else i miss

Banks are here to make money. So they will do whatever they can to increase their profits and keeping investors happy. It’s not just HDFC but every bank is tightening the ropes to put a break on CC perks without giving them business.

 

[jhanishdev]

Its a pity that people are treated by HDFC this way because all I see on this forums are threads mocking Axis and ICICI and IndusInd banks while there’s a thread on every page asking desperately for Infinia or DCB. Just because Infinia gives more return than emeralds or Magnus?


My Business Regalia which has not seen an upgrade or CL hike in a decade is already in the drawers now and replaced by another card which gives better returns and no attitude like HDFC card department.

I have already closed my credit line, Mutual funds, deposits and demat accounts with HDFC in the last 5-6 years. A few deposits are maturing and HDFC is definitely not getting them back.

PS I asked for Home loan interest rate revision to my HDFC RM. I got .20% better difference from else with 40% less fees. Such is the quality of HDFC.

 

[vine]

Its a pity that people are treated by HDFC this way because all I see on this forums are threads mocking Axis and ICICI and IndusInd banks while there’s a thread on every page asking desperately for Infinia or DCB. Just because Infinia gives more return than emeralds or Magnus?


My Business Regalia which has not seen an upgrade or CL hike in a decade is already in the drawers now and replaced by another card which gives better returns and no attitude like HDFC card department.

I have already closed my credit line, Mutual funds, deposits and demat accounts with HDFC in the last 5-6 years. A few deposits are maturing and HDFC is definitely not getting them back.

PS I asked for Home loan interest rate revision to my HDFC RM. I got .20% better difference from a DSA with 40% less fees. Such is the quality of HDFC.

Actually Magnus gives more returns than Infinia.

 

[ujjwal2024]

I am thining of writting in reply to their loan appeal that
'" your application to offer loan to me is declined due to internal criteria...This should not discourage you...Thank you for being my loyal bank"

 

[ujjwal2024]

Actually Magnus gives more returns than Infinia.

but...magnus is good for high spends.....as infinia have one great advantage: It is virtually LTF (only GST you have pay) as you get back points equal to fee every year

 

[vine]

but...for high spends...as infinia have one great advantage: It is virtually LTF (only GST you have pay) as you get back points equal to fee every year

M4B fanboys! Assemble!

 

[Anupama_Jha]

M4B fanboys! Assemble!

Tagging the @drsel

 

[cardio_guy]

Yes, HDFC is pushing loan offers a lot these days. Both SMS and Whatsapp is their main medium.

 

[fradela]

Yes, HDFC is pushing loan offers a lot these days. Both SMS and Whatsapp is their main medium.

I'm getting a lot of emails for loan on Credit Cards.

 

[Anupama_Jha]

Yes, HDFC is pushing loan offers a lot these days. Both SMS and Whatsapp is their main medium.

Aren't you getting calls from branch and local DSA

 

[drsel]

Tagging the @drsel

I don't have any such problem. No marketing offers at all.
HDFC has been very nice to me, given me a paid INFINIA and soon after that Swiggy lifetime free

 

[akshayhs]

But to my surprise they have again started bombarding with another loan offers

 

[tachniki]

On credit card (especially with high rewards), banks may or may not make profit from my spend. But if they sell even one loan, they will definitely make profit of me. Bank is doing what is profitable to them as I do what is profitable to me.

 

[keerthirahul123]

For me, the pop up for loans is coming up everytime, I open HDFC app on my phone. The pop up comes up after a slight delay and by the time, I try to click on someplace where I want, the pop up comes and it opens a new page. i have to cancel, come back to the app, close the app and continue doing whatever I came there for.

 

[newinnov]

I'm getting same limit enhancement offer from past 2 years, with same limit... HDFC just likes to mock 🙂
Will stop using their card after december

 

[prankster]

I received notification this morning from the HDFC app for LTF Regalia, when I opened it, the page showed fees. They are clearly using clickbait notifications. And moreover, the cc apply page just goes blank most of the times when I try to see preapproved cards.

 

[sidp]

in my case no fd based limit enhancement,

You should escalate this matter. Many people have got LE & even card upgrade by putting lien on fd. There is a fd lien form, ask your rm. You can put partial lien on1 fd or lien on multiple fd of different tenure also.

Though hdfc also gave me a smaller cl, still they don't taunt me like this. Axis does. They send car loan offer almost 50x my cl and home loan >100x(almost as much both my house combined). 😅 But I am fine as I hardly use my axis ccs.