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Idfc select to wealth card.

M

Mandeepthukral

TF Buzz
Around 2 years, I got a message from idfc bank that I am preapproved for idfc select card with 2.1 lakh limit. I applied for it. In the meantime, I several cards were upgraded from regalia to infinia metal, magnus, emaralde and several others. In Jan this year I called idfc bank for limit increase with intention to upgrade to wealth card. I was told there is no such offer. I closed the card and applied again. I was offered secured wow idfc card (lol). Even after stating my super premium credit cards and charge cards. With limits upwards of 8L. On 21st July I got a message from idfc that I am eligible for wealth card with 5L limit. I applied and immediately my application was rejected in 2 seconds. Then 5 days later I received a message from them that my card is approved and dispatched.
This is just for the information for anyone required.
In the meantime in April this year, I did received a message from them to offer 10k balance saving account as zero balance account. Which I opened. I maintained 2k balance in the account. Then on 12th July I did open 2 Rd of 5k each for a year.
 
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NeoOnWheels said:
My MoneyBack was 18 years old card which last month got upgraded to Infinia. APay is 3 years old, and SBI Elite is 3 months old.
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inthat case,3 enquiries won’t do a damage of 8 ..it’s something else and these kind of fluctuations are normal..
the score won’t go linearly upwards always as the time passes..
It is more like a typical share price chart..up and down and up and down..
 
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NeoOnWheels said:
My MoneyBack was 18 years old card which last month got upgraded to Infinia. APay is 3 years old, and SBI Elite is 3 months old.
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You can have 10 enquiries in the last one month and the impact on score would be very minimal (2 to 4) and it recovers pretty quickly within a couple of months..
theme of the story here don’t worry about no of enquiries if your cibil is more than 5 years old let alone 18 years
 
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S S V said:
And the Dice had been rolled for me and it turned out to be the LUCKY number : 6 for me

All within the span of 15 minutes from the starting of application to VKYC to Approval to Virtual Card thru IDFC App....

Here it is, my IDFC First Wealth:

View attachment 35097
View attachment 35096
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IDFC is wierd . First, they offered me Wealth with 5lac limit on 4.6L Amazon Pay and 2 lac/month salary , that time i had lot of CIBIL inquiries . Still they gave soft approval but at that time office verification failed . Now when I am applying after 2 months with new mobile no , with 4lac/month salary and increased limit of 6.6lac on ICICI Sapphiro they are providing me Select card with just 1.5lac limit .

Also, if i already have Indusind Select VISA/MCdebit cards and Sapphiro CC for BMS BOGO, will i be missing anything if i don't get Wealth ??
In hindsight , I am thinking that it's good only as my credit limit exposure won't increase and i would have added IDFC to my CC portofolio .

Folks, what are ur thoughts ???
 
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AlphaCAT said:
IDFC is wierd . First, they offered me Wealth with 5lac limit on 4.6L Amazon Pay and 2 lac/month salary , that time i had lot of CIBIL inquiries . Still they gave soft approval but at that time office verification failed . Now when I am applying after 2 months with new mobile no , with 4lac/month salary and increased limit of 6.6lac on ICICI Sapphiro they are providing me Select card with just 1.5lac limit .

Also, if i already have Indusind Select VISA/MCdebit cards and Sapphiro CC for BMS BOGO, will i be missing anything if i don't get Wealth ??
In hindsight , I am thinking that it's good only as my credit limit exposure won't increase and i would have added IDFC to my CC portofolio .

Folks, what are ur thoughts ???
Click to expand...

IDFC wealth can be used for Wallet loading and Govt transactions which still give rewards.

Where is your location? CIBIL? and CIBIL age?
 
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AlphaCAT said:
IDFC is wierd . First, they offered me Wealth with 5lac limit on 4.6L Amazon Pay and 2 lac/month salary , that time i had lot of CIBIL inquiries . Still they gave soft approval but at that time office verification failed . Now when I am applying after 2 months with new mobile no , with 4lac/month salary and increased limit of 6.6lac on ICICI Sapphiro they are providing me Select card with just 1.5lac limit .

Also, if i already have Indusind Select VISA/MCdebit cards and Sapphiro CC for BMS BOGO, will i be missing anything if i don't get Wealth ??
In hindsight , I am thinking that it's good only as my credit limit exposure won't increase and i would have added IDFC to my CC portofolio .

Folks, what are ur thoughts ???
Click to expand...
Take whichever IDFC credit card you get..... Here many are deprived of even basic IDFC cards 😏
 
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So i had Select with 1.8 lakhs limit. Requested them to match my Amex card limit and upgrade to wealth , they denied. So closed it 2 days back. Now should I apply again and see? Higest card in cibil is Amex Mrcc with 6.3 lakhs limit.
 
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IDFC sucks
I'm an existing SB customer with a Select CC
Tried (first using RM & then PNO) to get Wealth CC using 4.92L Magnus & 8.6L APay (4-5 years old). RM couldn't do anything but all that PNO did was to increase my Select CC limit to 3L. I think I need to suspend my VPF deductions for some time to increase my net salary just to get the Wealth card.
 
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I applied today and got offered for Select with 150k CL. I used amzn Pay with 510k . When they called me I told that i want wealth and they said it's generated automatically, Select is already an Premium card. Should I wait and request for Wealth or take Select....
 
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MajesticUser said:
I applied today and got offered for Select with 150k CL. I used amzn Pay with 510k . When they called me I told that i want wealth and they said it's generated automatically, Select is already an Premium card. Should I wait and request for Wealth or take Select....
Click to expand...
Select is a good card, but upgrade to wealth from select is very tough as already discussed on the forum.
 
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