HDFC has one of the no nonsense credit card portfolios without frequent meddling and good rewards. . Burgundy with TRV is an overkill if one cannot get it with salary. Now with LTF magnus burgundy not possible I feel it is waste of locking money. Old Magnus was unsustainable and in the spree for course correction they got lost. Presently I lost trust in Axis due to frequent meddling with products !
your 2 cents almost worth 98 cents !!My experience:
ICICI Wealth Management : Not bad, Not good. No nonsense bank for long term if you don't expect anything fancy. Never visited bank in a decade. Almost anything can be done either through net banking or phone banking. Same applies for credit cards to.
IDFC Wealth : RM keeps changing frequently. Some decent but some RM and their zonal head irritate to sell Ulips month after month. Not a premium experience till date for me. They have LTF wealth card. So no harm in having it for IDFC offers.
HDFC Preferred : Imperia is useless for TRV so didn't opt for it. You get pretty much same treatment across HDFC account variants is what I heard. RM irritates to sell ulips during initial days and dies down as you refuse. Peaceful after few months. In HDFC i felt it is about your relationship with BM. You can make a FD and get something lucrative by talking to BM directly. Got Infinia with just 10L FD for a month. Of course with promise of more business in future and I had qualified spends/income
Axis preferred : RM doesn't even call. I like it and relatively useless if we call
My 2 cents !
Thanks that explains a lot. Currently I feel I will go with icici with a IP for wealth and talk to hdfc for salary account. Use relationship as a way to get cc.My experience:
ICICI Wealth Management : Not bad, Not good. No nonsense bank for long term if you don't expect anything fancy. Never visited bank in a decade. Almost anything can be done either through net banking or phone banking. Same applies for credit cards to.
IDFC Wealth : RM keeps changing frequently. Some decent but some RM and their zonal head irritate to sell Ulips month after month. Not a premium experience till date for me. They have LTF wealth card. So no harm in having it for IDFC offers.
HDFC Preferred : Imperia is useless for TRV so didn't opt for it. You get pretty much same treatment across HDFC account variants is what I heard. RM irritates to sell ulips during initial days and dies down as you refuse. Peaceful after few months. In HDFC i felt it is about your relationship with BM. You can make a FD and get something lucrative by talking to BM directly. Got Infinia with just 10L FD for a month. Of course with promise of more business in future and I had qualified spends/income
Axis priority: RM doesn't even call. I like it and relatively useless if we call
My 2 cents !
Are you talking about their private banking services?
I think there is a nrv requirement for treasures.
, so I skipped mentioning above.
Hi, mostly inline with you. But the HSBC part is a shocker for me as that was my primary choice. I couldn't qualify as my net was lower than 3LPM. I currently hold IDFC Wealth Banking and mostly will move salary to HDFC, Imperia I don't think I will get but as per others its not much of a difference. So will try for it but not sure . If you have a good Bangalore RM, or BM for HDFC do send across.Based on my experience for many years, I would recommend HDFC imperia - as it has most products that you will look for including Infinia and possibly Infinity, and they have good balance sheet and stable and you will get infinia in some time if you keep requesting (I paid fees for 2 years, 3rd year onwards its LTF including DCB LTF), and possibly Infinity in future as well.
Suggestion, diversify your risk by getting 2+ HNI account like HDFC, ICICI, etc. And use their product which is best suited to your needs.
ICICI - good tech savvy Bank, sometime received Wealth management basis of credit card only, not sure how though, so nothing wrong in trying.
HSBC Premier- its been short run, but not great experience with Bank or RM either, I have zero balance currently and they are not Issuing Premier credit Card for free. I plan to use them only for item I will get benefit out of it.
Note : IDFC - I noted from my experience most of the people are not knowledgeable and keep holding on the transaction, (I have asked them one question they are yet to close since last 2 months
Keep us posted what you finally choose.
For RM, I would simply visit couple of branches and see how they talk, request them that you have x amount as salary just shy of 30k from eligibility and request meeting with Branch Head and request need waiver of eligibility to open imperia 1/3 branches may accept your request and give you time say 3-6 month to fund your account using slightly higher IP. All the best 👌
Ah ok, we have a tieup with hsbc so if your net is >=3LPM premier no joining or renewal but i guess thats only for our org
Tomorrow will go to a few branches and talk to them. Are you from Bangalore if yes if you can suggest some good branches
I am from Mumbai, the trick is to look for long term, show them the north star that you may take other things in future as well, most of the time they would not like to leave a HNI prospect for few thousand.
Ok noted, my company don't have any tie up. Will wait for similar offer this year as well (if any) to get the CC from HSBC.
Are you talking about company tie up? Do you have any list of the companies?
