IDFC Pre Approved Offer Card variant issue

[Srinivas Reddy]

I got pre approved offer from IDFC, but its showing I can choose card variant only between Millennia and Classic. Do anybody know how to get IDFC Select over them???

Btw mine is a 25k MAB account.

 

[souvikdey2002]

Not boasting, just posting my LTF Regalia status. My total credit card spends in a month would usually not cross 6k across all cards, hence never opted for that much limit.

I am though greedy to get a LTF upgrade to a better card as you said DCB, Infinia if there is a workaround.

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This is something which at least I have never seen ever in my life for people holding preferred/imperia account even.
Take this right away then negotiate for LTF DCB/Infinia, otherwise you will regret.

Just let us know in case, if you hold huge Shares of HDFC or have TRV of 50 Lakhs or so with HDFC.

@TechnoFino have you seen this anywhere?? This is something really rarest of the rare scenario.

 

[Souvik]

Woah! That's quite a jump! 🔥

I aint jumping bro !

How did you manage to get LTF Regalia though? 👀

Well, I am not sure as around 5 years back I had a call with someone who proposed for an upgrade of my existing credit card to Regalia LTF and I agreed but I started in HDFC with a salary account, had been swimming in No joy Preferred Account for more than 8 years now, maybe loyalty, good CIBIL etc.

 

[Souvik]

If you don't take this limit upgrade, then you have a very low chance of getting DCB/Infinia.

If you do take this upgrade, then your chances of getting either of these cards sometime in future, even LTF, becomes a possibility. That's how these things work, as per my understanding.

Also, with such a high limit, your can easily get other super premium CCs easily, even LTF. If I were you, I would have taken this limit upgrade with my eyes closed. I have significant spends per month (~50K) and I'm desperately waiting for a limit upgrade from HDFC. My limit on my business moneyback is only 75K.

I see you have a good point, there is no harm in opting for a few more clicks on the way.

 

[souvikdey2002]

I see you have a good point, there is no harm in opting for a few more clicks on the way.

Slightly off the track but your vocabulary is very good man!!!
You are one of the Shashi Tharoor of this forum.

 

[Souvik]

Also, this limit upgrade probably won't last forever. You might regret later ...

Over the years I have seen the proposed limit go up and up, I last remember it was 13.6 L, now it's 15L so I can vouch for and say is that your offered limit keeps on increasing if other factors are in sync like loyalty, cibil etc.

I maybe wrong but I sort of feel this is the way this game is played

 

[Souvik]

You can even get two HDFC CCs from HDFC if you have such a high limit on Regalia.

You're talking about two HDFC CC's however I have stopped using my Regalia since I have got Amazon Pay ICICI as that gives me prompt cashback at end of the month which I adjust on utility bill payments.

Transactions on my Regalia are less than 30 in the last 12 months or so.

 

[TechnoFinoTechnoFino is verified member.]

This is something which at least I have never seen ever in my life for people holding preferred/imperia account even.
Take this right away then negotiate for LTF DCB/Infinia, otherwise you will regret.

Just let us know in case, if you hold huge Shares of HDFC or have TRV of 50 Lakhs or so with HDFC.

@TechnoFino have you seen this anywhere?? This is something really rarest of the rare scenario.

I agree... accept the offer...
then negotiate for LTF Infinia/DCB.
only lucky person get this type of jump 😄

 

[Souvik]

That's insane man
BTW how long have you been using the card?
How did you managed to get such a big jump that is do you have a lot of funds in you account or a higher varient account etc??

I know it's insane and I even do not need it.

I have been using this HDFC CC for 8 years now, Regalia since last 5 years.

This limit is not uplifted in a day or so it has slowly increased and I kept getting prompts to increase my limit but I did not, so you see the difference in existing limit and proposed limit.

I did have a Preferred account/converted from salary account for some 6 years and of late just trying Imperia.

 

[Souvik]

This is something which at least I have never seen ever in my life for people holding preferred/imperia account even.
Take this right away then negotiate for LTF DCB/Infinia, otherwise you will regret.

Just let us know in case, if you hold huge Shares of HDFC or have TRV of 50 Lakhs or so with HDFC.

@TechnoFino have you seen this anywhere?? This is something really rarest of the rare scenario.

I am seeking to take it, only for a LTF upgrade, however I prioritize Amazon ICICI more nowadays, as cashback today is certainly more valuable for me than a reward point redemption even in cash some x months later.

No holdings in HDFC, the TRV point you made I do comply.

 

[Souvik]

Do keep us updated. When HDFC is meherbaan on someone, anything can happen.

Aha where I lag is in my relationship with my RM, he is in a branch in Bangalore (Sadashivnagar) which I never managed to visit in my life so never could build the kind of understanding that is required to get these kind of things go through easily. Linguistic barriers are there of course, in a different state. Since covid hit I am back to my native so it's more over the phone though hardly i contact him.

 

[Souvik]

I agree... accept the offer...
then negotiate for LTF Infinia/DCB.
only lucky person get this type of jump 😄

Thanks let me try.

 

[ashwinkashwink is verified member.]

I agree... accept the offer...
then negotiate for LTF Infinia/DCB.
only lucky person get this type of jump 😄

Like you as said at your Yt video 👀

 

[Souvik]

I live in Sadashivnagar
Didn't know there is an HDFC branch there

Where exactly is the branch BTW?

Google tells me it's
275/5, Palace Orchads, 15th Main Rd, Sadashivnagar. Bengaluru - 560080.LandmarkOpp to Sahajeevan Apt.

Below is the RM for Preferred and Imperia, since you stay nearby and if you manage to visit:


I myself never had to go that side of Bangalore and led most of my Bangalore life in Whitefield side. Good to know you're still in Bangalore. I sort of came back on 17th March 2020, just before the unthinkable hit us and not been there permanently since then. Visited once or twice after that finally vacated my accommodation in March 2022.

 

[souvikdey2002]

I am seeking to take it, only for a LTF upgrade, however I prioritize Amazon ICICI more nowadays, as cashback today is certainly more valuable for me than a reward point redemption even in cash some x months later.

No holdings in HDFC, the TRV point you made I do comply.

In that case you do have a point if you never increased you limit ever.

 

[Souvik]

In that case you do have a point if you never increased you limit ever.

Even before Amazon Pay ICICI was launched, I would spend 6k on credit card a month, summing upto maybe 1.4 L a year including bulk expenses like insurance premium etc.

So I never needed that kind of limit as you rightly thought. Mostly people lead a frugal life in Kolkata, need based spending, less show off 😆

 

[007]

Even before Amazon Pay ICICI was launched, I would spend 6k on credit card a month, summing upto maybe 1.4 L a year including bulk expenses like insurance premium etc.

So I never needed that kind of limit as you rightly thought. Mostly people lead a frugal life in Kolkata, need based spending, less show off 😆

Yeah one should adjust their CC based on spending, not the other way round. If you have less spends, you are saving more than the cashback/rewards. This is just another marketing strategy, to urge us to spend more! 🤷‍♂️

 

[Souvik]

Yeah one should adjust their CC based on spending, not the other way round. If you have less spends, you are saving more than the cashback/rewards. This is just another marketing strategy, to urge us to spend more! 🤷‍♂️

Can't agree more, I do and I believe almost all of us get notifications stating spend 80k on your credit card to get a voucher, at the end of the day we have to shell out that 80k to foot that bill and banks would be happy to gobble up transaction fees from vendors and late fees, EMI charges from us in lieu of that short term credit.

I remember in one of the documentaries that I saw sometime back they had coined a nice term for this... Irrational exuberance.

 

[007]

Can't agree more, I do and I believe almost all of us get notifications stating spend 80k on your credit card to get a voucher, at the end of the day we have to shell out that 80k to foot that bill and banks would be happy to gobble up transaction fees from vendors and late fees, EMI charges from us in lieu of that short term credit.

I remember in one of the documentaries that I saw sometime back they had coined a nice term for this... Irrational exuberance.

Yup. New phrase for me ("Irrational exuberance"). If possible, do link the documentary! 🤗

 

[Souvik]

Yup. New phrase for me ("Irrational exuberance"). If possible, do link the documentary! 🤗

I am not really sure about the documentary but if you google it you would see the origin and books around this.

For that matter you can pull up any documentary on Lehman Bros, Too Big to Fail etc. All would be of the same theme and outcome as we know history.

 

[souvikdey2002]

Yup. New phrase for me ("Irrational exuberance"). If possible, do link the documentary! 🤗

Again I may sound odd here but for me to grab a higher credit limit is not for those vouchers & benefits.
And honestly I never spend to reach those goals unless they are an absolute necessity.
For me to get a higher limit is always related to get the Highest variant card of any bank.
Generally speaking if you are using a basic credit card of any bank & all of a sudden you want to reach to the topmost card of any other bank is not possible.
Therefore, slowly you need to go up & change your portfolio accordingly.