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Infinia Infinia Against ULIP?

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sonuyos

sonuyos

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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.
 
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DocFixIt said:
I don't in writing now on bank website
It's written on indus Pioneer for cc but in reality it's normal process according to eligibility ..with ltf or less fee's for you
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It's like Infinia Metal LTF credit card is complimentary credit card for HDFC Infiniti customers the same way we have Select LTF credit card for Axis Burgundy customers. No problem with the eligibility criteria as Infiniti RM will take care of necessary approvals from GH. No RM will take risk to loose an Infiniti customer just for an Infinia Metal credit card.
 
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cc-enthusiast said:
It's like Infinia Metal LTF credit card is complimentary credit card for HDFC Infiniti customers the same way we have Select LTF credit card for Axis Burgundy customers. No problem with the eligibility criteria as Infiniti RM will take care of necessary approvals from GH. No RM will take risk to loose an Infiniti customer just for an Infinia Metal credit card.
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Make sense for business person or your friend is branch bm 😉
 
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sonuyos said:
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.)

Just to give you some background, my ITR flys around 10-15lk as I am business man, and There is no shot in getting card otherwise.

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?
Click to expand...
Really 🙄 You willing to pay 1 lac for this ok ok card
 
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cc-enthusiast said:
It's like Infinia Metal LTF credit card is complimentary credit card for HDFC Infiniti customers the same way we have Select LTF credit card for Axis Burgundy customers. No problem with the eligibility criteria as Infiniti RM will take care of necessary approvals from GH. No RM will take risk to loose an Infiniti customer just for an Infinia Metal credit card.
Click to expand...
Uska kitna hai AQB?
 
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cc-enthusiast said:
HDFC Inifniti premium banking program requires Rs 5 Crore TRV with the bank and RM will help you from all sorts to approve an Infinia Metal LTF credit card as RM can't afford to loose a customer who can maintain TRV in Crores with the bank 😉
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Fir mai Axis mai na kholdu account itne TRV mein?

Burgundy account mai, toh ghar mein aake Loan process karke jaatein hai mera, plus MB and what not.

5cr TRV mai i can open a 2nd account and get BP card with combined limit of 25lk points a yr and a better reward rate.
 
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sonuyos said:
Fir mai Axis mai na kholdu account itne TRV mein?

Burgundy account mai, toh ghar mein aake Loan process karke jaatein hai mera, plus MB and what not.

5cr TRV mai i can open a 2nd account and get BP card with combined limit of 25lk points a yr and a better reward rate.
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Atleast this path is much better than taking a ULIP plan if one is crazy for Infinia Metal credit card 🙂
 
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