HDFC offering Infinia against investment - is it worth it?

[credit_explorer]

I read in this forum that we can get Infinia by investment route. I enquired about it with bank. They are offering Infinia if I invest 1.5 Lakh/year (earlier they were demanding 2 Lakh/year, but when I declined they came down to 1.5, and now they are eager to sell the policy, calling multiple times a day saying they got approval for Infinia). They are saying I can surrender the policy after 3 years and get the money back. I have few questions: How much money I will get back if I surrender the policy after 3 years (they are claiming I will get back 6-6.5 lakhs) ?
Is it worth it to invest 1.5 Lakh to get Infinia? I have Regalia Gold.
Thoughts and suggestions are appreciated.
Note: Infinia offered is not LTF. They are claiming RBI made some rules, so they cannot offer LTF for super premium cards.
Policy offered is Sampoorna Jeevan

 

[SSV]

t's not like that , there are hundreds of Infinia holders in this forum , many have been issued Infinia directly from the cc application site .
Mostly Infinia would come pre-approved with Diners if salary is more than 2.75 lakhs a month

How many people will have a salary of 2.75,L to start with . They slowly progress to that salary over 5 to 10 years time. As far as myself is concerned, I stopped working full time and I won’t get that salary criteria fulfilled ..
That’s why I said typical

Many have Infinia LTF , when it was distributed to almost everyone during the MC ban

This was an exception, because of the ban ..not common .
How many are getting now Infinia Meatl LTF, not many definitely . I had seen some 3 to 4 people claiming they got Infinia Metal LTF recently…

Many have easily upgraded to Infinia

Please tell this to the people waiting for Infinia upgrade , unnecessarily spending lots of lakhs to get upgrade and LE. They will be very happy and grateful to you…

It doesn't take 7 years to get an upgrade , with a decent profile and decent spends it can issued

The key word here is decent
again from what I read on this forum , majority of people had spent more than 7 years to get Infinia upgrade in the traditional LE, Upgrade, request route..

 

[msk1437]

For someone who purchases normal Apay vouchers for about 10-12k a month ( GC + MRCC ) combined would give higher returns than Infinia

H o w

 

[anirban.choudhuryanirban.choudhury is verified member.]

Good luck to those who are separate to take a mediocre card.

HDFC is preparing the lobby for Infinia Reserve in advance

I can assume when someone can do a "investment" of 1-2 lakhs per year for Infinia can surely do a couple of more lakhs for Infinia Reserve and then some more for Infinia Super Reserve 😂😂😂.

 

[anirban.choudhuryanirban.choudhury is verified member.]

H o w

Infinia 12k vouchers at 5x - 2000 points
GC - 6*1000 - 1600
MRCC - 4*1500 - 1240
Total - 2840 Points

Infinia 1:1 at smartbuy
Amex 1:1 at MB

Infinia 1:0.5 - For airmiles
amex - 1:0.5 - For airmiles

 

[msk1437]

Infinia 1:1 at smartbuy
Amex 1:1 at MB

Infinia 1:0.5 - For airmiles
amex - 1:0.5 - For airmiles

You're insane if you think 1 on smartbuy is same as 1 MB point

Also, Infinia 1:1 for vistara vs MR 3:1
Don't pin point some particular partner to prove your point

 

[anirban.choudhuryanirban.choudhury is verified member.]

You're insane if you think 1 on smartbuy is same as 1 MB point

Also, Infinia 1:1 for vistara vs MR 3:1
Don't pin point some particular partner to prove your point

For me MB is more useful than Smartbuy
Vistara is dead for me and who converts their points to Vistara when there are already a bunch of vistara cards

 

[msk1437]

For me MB is more useful than Smartbuy

How much do you value MB points in inr?

 

[anirban.choudhuryanirban.choudhury is verified member.]

How much do you value MB points in inr?

On an average I have been able to get 1.5-2 Rs value for my MB's

 

[msk1437]

On an average I have been able to get 1.5-2 Rs value for my MB's

So could purchase my MR points at 1Rs if that's a good deal for you?

 

[anirban.choudhuryanirban.choudhury is verified member.]

So could purchase my MR points at 1Rs if that's a good deal for you?

Yup anytime
But I purchase it at a much lower rates of 32 paise

 

[kshitij_0]

The requirement to get Infinia is pretty simple and doesn't require any loopholes
Salary above 2.75 lakhs per month net
Spends 7.5 lakhs in last 6 months
Limit above 8-10 lakhs

If you meet those you can get your card upgraded to Infinia

Problem is you have to meet all the three criteria simultaneously

 

[anirban.choudhuryanirban.choudhury is verified member.]

Problem is you have to meet all the three criteria simultaneously

If you are good with negotiations you can get it without any of the criteria too

 

[msk1437]

32 paise

this is it

 

[anirban.choudhuryanirban.choudhury is verified member.]

this is it

Bro why would I spend more if people like you are already selling it for 32 paise
If you can't leverage your points and take our maximum return for it , that's not my problem.

But I have even spend as high as 5000-6000 equivalent vouchers for 8k MR.

 

[msk1437]

why would I spend more if people like you are already selling it for 32 paise

Then why do you need to use amex cards when you can get MB points which is your target space at 32 paise

 

[kshitij_0]

If you are good with negotiations you can get it without any of the criteria too

Guy at what post can provide me confirmed Infinia?

 

[anirban.choudhuryanirban.choudhury is verified member.]

Then why do you need to use amex cards when you can get MB points which is your target space at 32 paise

Bro MB is not my only target
I transfer to VS , Asia miles and MB
I need to keep Amex cards because without those I can't buy MR's

Last Year I got 3*150k MR and 4*25k MR using referrals
Needless to say I bought those referrals with different sets of vouchers

Then transferred them to my targets as per my trip plans and that's how I used them.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Guy at what post can provide me confirmed Infinia?

Even your RM can provide Paid Infinia
For LTF there are some approvals again your RM/BM can guide you on that.

Make them an offer they can't resist 😂😂
Not an ULIP offer

 

[kshitij_0]

Make them an offer they can't resist 😂😂

Suggest some hacks

 

[amitr29]

Even your RM can provide Paid Infinia
For LTF there are some approvals again your RM/BM can guide you on that.

Make them an offer they can't resist 😂😂
Not an ULIP offer

And that offer is useless ULIP 😂😂