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HDFC Super Premium Cards Eligibility hiked!!!
- Thread starter dravikumar
- Start date
ULIPs are often seen as a poor investment due to their high fees, including charges for managing funds and providing life insurance, which reduce returns, especially in the early years. They have a complex structure, making it hard to understand how your money is split between insurance and investment, with unclear returns. The 5-year lock-in period limits flexibility, and they offer less control compared to mutual funds. Returns tend to be lower due to the high costs, and many prefer to invest in mutual funds and buy separate term insurance for better returns and coverage.
Inshort
- High costs, complexity, and lack of flexibility make ULIPs less attractive compared to simpler, more transparent options like mutual funds and term insurance.
- Better returns can often be achieved by separating insurance from investment.
- Investors who seek clarity, control, and cost efficiency typically avoid ULIPs.
How do you say reserve is shelved based on this? I would guess this makes reserve an ultra premium card with much higher requirementsHDFC Bank increases eligibility criteria for super premium credit cards. Now 60 lacs ITR/5 lacs monthly salary required for Infinia.
Infinia is here to stay !! And Infina Reserve plan is shelved
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same view .
You may be right .
Senior level positions on pay level 14 and above, like joint secretary parallels or professors etc. For example. a professor in a Central Govt. Institute I know gets around 45 lpa in hand.
Very much a possibility ...
paxauquabriba-4876
TF Premier
whats ther gross as must be paying crzy heavy tax when net is 45
Yesterday morning my RM said no internal comms yet about reserve.
Too late to think of it being launched during festive season he said.
Y
Yup ,Infinia Reseve can positioned with the likes of Axis Reserve and Amex Plat charge
Sounds plausible, why launch so late
learningrewardgame
TF Buzz
I checked with 2 different RMs.
one in bangalore- they say information is True and we have got information last night.
one who sits in Noida main branch - Says there is no such info provided to us and if there was we would be the first to know this.
one in bangalore- they say information is True and we have got information last night.
one who sits in Noida main branch - Says there is no such info provided to us and if there was we would be the first to know this.
Highest paid government job- CEO of NATGRID Salary - Rs. 10,00,000 per month
ITR 60LPA is already high and its good move without devaluating or tied with HDFC Imperia account status like Magnus for Burgundy. But they still have value left for Ultra HNI customers whose TRV like more than 1CR So Infinia Reserve is possible like Axis Reserver 5:4 point conversion requires Burgundy Private with TRV 5CR
Most probably, this time, Noida guys may not be the first ones to know this kind of news...!!
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All in all i think it's a decent move by HDFC,
Look what ICICI have done recently, reduced eligibility criteria, removed spa benefits, introduced new cards(Emerald Private Metal),
I wouldn't be surprised if they add spend criteria on Emerald PVC considering how many have gotten this card LTF
Even IDFC devalued its wealth card,
Axis just ran it's cards into the ground, over issuing and plathora was amongst the reasons
Even Amex had to reevaluate Plat Charge recently, and by the looks of crowding at centurion one can ponder on why
Atleast HDFC is retaining its value by making it more exclusive, not bad
Look what ICICI have done recently, reduced eligibility criteria, removed spa benefits, introduced new cards(Emerald Private Metal),
I wouldn't be surprised if they add spend criteria on Emerald PVC considering how many have gotten this card LTF
Even IDFC devalued its wealth card,
Axis just ran it's cards into the ground, over issuing and plathora was amongst the reasons
Even Amex had to reevaluate Plat Charge recently, and by the looks of crowding at centurion one can ponder on why
Atleast HDFC is retaining its value by making it more exclusive, not bad
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True inflation according to them. 8-10 years back anything around 70-80K per month was considered very good salary, now even 3L is considered not a bad salary according to them.
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