Infinia Infinia Against ULIP?

[sonuyos]

I got an offer from HDFC RM, saying I can get Infinia (I have no shot at getting it directly without waiting for like years. As it took them 8yrs to upgrade my Moneyback to Millennia card.)

If I go thru FD backed route it will be - 7.20% interest rate on 10lk fd. I straight up lose 5-7% on 10lk = 60k roughly every year.

They said to pay 2.1lk to get the card and of which I can surrender the Policy if I want after 1yr, and get back roungly 103-108k back.

In return they will give me Infinia Metal with a guaranteed upgrade (giving me in writing over email) to Infinia Reserve once the card launches.

Plus the card would be 3 yrs free.

Should I go for it?

Edit : Did not go with it. As many pointed out, the cost doesn't justify the card, especially after the 2:1 accor devaluation.

 

[sonuyos]

If it was wrong with me then why would they offer Ulip option for the card :/

 

[Vasuki]

Already tried.

Escalation Team said, karlo band card.

View attachment 48131

Hopeless bank
I closed the cc ..
Waiting for better cc 😂

 

[sonuyos]

Lounge k liye i have Kotak White (Got Privy Account their, so free White) and few other options, but still I need an alternative for Accor points.

Even with recent devaluation of Axis card, I am still happy with them, they still outperform other banks cards by miles, and don't do unnecessary drama, at least with me.

 

[Alex292929]

how much do you maintain on an average?

 

[HumorSimpson]

If it was wrong with me then why would they offer Ulip option for the card :/

ULIP from bank perspective is U Loss I Profit. Every premium product from HDFC is a carrot 🥕 for ulip

 

[Maikalal Jaikishan]

You can pay to use lounge also.

 

[Zacobite]

If it was wrong with me then why would they offer Ulip option for the card :/

enough has been said.. you have been fleeced.. make amends and stop trying for something that you deserve but are being denied maliciously by a banks employees.. its humiliation if nothing else..

 

[sonuyos]

I stopped maintaining after i got reply from them ki close the account, I am like, why bother if they don't care.

 

[Vasuki]

Lounge k liye i have Kotak White (Got Privy Account their, so free White) and few other options, but still I need an alternative for Accor points.

Even with recent devaluation of Axis card, I am still happy with them, they still outperform other banks cards by miles, and don't do unnecessary drama, at least with me.

Get idfc wealth dc and cc .
For more lounge..
Ltf is it

 

[sonuyos]

You are right. And for the long time I held grude.

The only reason I opened to know if it is a good proposition or not. I guess its still isn't, no card deserve 106k, especially not Amex Plat, lol.

 

[Deleted member 26954]

BRUTAL Devaluation of INFINIA is ON the WAY like Axis CC's....Think twice

 

[sonuyos]

I got IDFC Select, they are not upgrading my card to Wealth as I already hold Select, and got Club Vistara one as well, as Axis CV Infinity would discontinue the benefit next yr.

 

[Zacobite]

I got IDFC Select, they are not upgrading my card to Wealth as I already hold Select, and got Club Vistara one as well, as Axis CV Infinity would discontinue the benefit next yr.

LOL.. you need to go to some temple

 

[sonuyos]

I know that,thats why i made them give in writing that I will be upgraded to Reserve no matter what. To which they agreed.

 

[Alex292929]

I stopped maintaining after i got reply from them ki close the account, I am like, why bother if they don't care.

True, but if you have a Imperia or any HNI programme relation with the bank, they expect at least you maintain the minimum balance that is 10L for Imperia I guess.

 

[sonuyos]

I am ok with IDFC decision, as its their bank and the card is LTF. I don't have any say or play in it.

 

[Zacobite]

I know that,thats why i made them give in writing that I will be upgraded to Reserve no matter what. To which they agreed.

good luck with more of what you seem to be asking for

 

[Vasuki]

True, but if you have a Imperia or any HNI programme relation with the bank, they expect at least you maintain the minimum balance that is 10L for Imperia I guess.

Not truly ..

 

[sonuyos]

1 would become Imperia only after maintaining the balance, no? Even after being treated like this, who will keep the balance?

 

[sonuyos]

I am telling them no, they can keep the card.