Don't ruin your investments for credit cards.
These banks take high commissions on your mutual funds, etc
Keep investments separate. Let it grow well
-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
HDFC offering Infinia against investment - is it worth it?
- Thread starter credit_explorer
- Start date
These banks take high commissions on your mutual funds, etc
Keep investments separate. Let it grow well
In a typical case, it is not a few years,
It is an average of 7 to 8 years , and the spends of an average of 20 to 30L ( some of which would mostly include some forced spending to meet LE and upgrade spending targets, which otherwise they would not make).
On top of all of these , requesting for LEs and Upgrades ( people call it requesting, I call it begging the Bank ) .
I basically don’t like begging… especially when I am at customer’s side, with money in my hand.
Last edited:
Returns on cards are best case scenario, as we all know how they are devalued. Infinia will be devalued for sure.
Well explained though!
Doing an FD of 30 lakhs just to get Burgundy Magnus is insane as per me.
Axis gives one of the lowest interests on FD.
Infinia is already a very mediocre card , it's returns are only limited to smart buy.
The earning rate is just mediocre. I don't understand why would someone do a ULIP for 1-2 lakhs a year and then pay the annual fees just to get the card. 😂😂😂
people are irrational
Also, you have compared with MB+, I think Regalia Gold will be the right comparison, as Regalia gold is very much possible
That's what "invite-only" marketing does. Makes it feel exclusive.
“Invite Only” card is like a “Love marriage.”
Only after the marriage you will come to know that all the girls are same / similar irrespective of “love marriage “or “arranged marriage “…
Until then you feel something very very special about your loved girl…
Even after knowing this people still fancy love marriage for generations…
Like this until getting Infinia , you feel that it’s the greatest thing in the world and after you got it , it’s just another CC, with some thick metal rather than plastic!!!
😀 😀
Take it easy guys, there are many things to worry about in life than this Infinia, M4B , ULIPs , FDs etc..
Agree - chill Guys.
You don't have money - don't invest in ULIP and take Infinia.
Don't put your perspective on someone's healthy decision. Respect it and move on.
Noone is forcing you to invest your money in ULIP if you dont want to.
Keep spending 8-10 lacs every 6 months and see if you get Infinia successfully 🙂
So you are saying investing 2 lakhs every year on a pathetic ULIP product that too in a era where we have good genuine investment products , to get a credit card is a healthy decision ??
And why will you push spend 8-10 laks every 6 months to get the card ?
If you have genuine spends of 8-10 laks every 6 months and then you get take Infinia, that's perfectly fine , but if you are spending just to get Infinia upgrade that's a strict "NO" in any universe. The fundamental rule of credit card should be no overspending . And to be one honest , if one doesn't have that kind of organic spends , Infinia won't be rewarding.
This whole forum and community has no purpose then. This community is for healthy discussion, may be for or against, but your point about money is absolutely in bad taste.
It's not about having money or not but discussion about a investment decision. And if you don't want to be part of this discussion, press ignore button.
Have you considered the tax savings on ulip vs direct mutual funds?
That's a good point Anirban - I am sure looking at different threads in this forum, we all know how desperate people are to get Infinia - thus resorting to manufactured spends to get one.
Lets ask questions for which we don't have an answer - for your questions, all answers are available on this platform already.
Classic example- people buying 1.5 lacs of Pineperks voucher last week from IGP and now waiting for refund - was that not a manufactured spend?
Healthy discussions will happen when you respect people's healthy decision - that's what I mentioned.
Basically, a bunch of influencers made the Infinia credit card seem like the next big thing with their over-the-top praise. Now, when you try to make an organic upgrade request for the card, the managers don't take you seriously. Instead, they're pushing these funds and ULIPs that are honestly just awful.
Same will be the case with Infinia Reserve too when it is launched. Its a money making business after all.
Banks cannot just give you lucrative offers if they are not getting anything in return.
You give some and you take some is the moral of the story.
Manufactured spends against instant rewards is completely fine as per me
If there are loopholes and being a cc enthusiasts we are ought to use those loopholes to gain maximum rewards , everyone of us at some point do it and their own level.
But that is done to gain instant rewards , but spending some crazy amounts every year just to get a card upgrade is something which is fundamentally incorrect.
Who's to judge whether decision is healthy? There can always be a discussion around it, if it's put on public forum.
The post in the first place was started with someone asking for a opinion and that's what is happening. Opinions can't flow in one direction, to make those people feel happy, who have invested in ULIP for Infinia. It suited them and they took a call but others have right to opine.
