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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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Considering that you prefer Accor. IMO getting a MB for family member will be better deal.
MB with 5:4 ratio and Accelerated reward points for spends more than 1.5L is better than Infinia.
Infinia is good for Smartbuy 10x/5x transactions. But considering your spends I think the capping of 15K will be very low.
 
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After reading a few pages of this thread I lost track. This just seems like one of those threads just for the heck of it. Everyone is slicing and dicing for absolutely nothing. OP wants Infinia. That's it. It is not complicated.

You either threaten to close your relationships with HDFC or actually do close your relationships (if it isn't too much of a headache). For the kind of business OP is talking about, Infinia is a given without any strings. Anything less than that will be foolish of OP.
 
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Called the RM, said no,
j_s said:
After reading a few pages of this thread I lost track. This just seems like one of those threads just for the heck of it. Everyone is slicing and dicing for absolutely nothing. OP wants Infinia. That's it. It is not complicated.

You either threaten to close your relationships with HDFC or actually do close your relationships (if it isn't too much of a headache). For the kind of business OP is talking about, Infinia is a given without any strings. Anything less than that will be foolish of OP.
Click to expand...
You didnt read it fully then, I was told to close the account, when I threatened them. lmao. So I moved all my funds to Axis (Right around the time MB was announced).
 
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j_s said:
After reading a few pages of this thread I lost track. This just seems like one of those threads just for the heck of it. Everyone is slicing and dicing for absolutely nothing. OP wants Infinia. That's it. It is not complicated.

You either threaten to close your relationships with HDFC or actually do close your relationships (if it isn't too much of a headache). For the kind of business OP is talking about, Infinia is a given without any strings. Anything less than that will be foolish of OP.
Click to expand...
If he was stuck at money-back & got millennia after 1 year of battle with imperia banking

You think threatening hdfc have impact
 
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Avatar Aang said:
Considering that you prefer Accor. IMO getting a MB for family member will be better deal.
MB with 5:4 ratio and Accelerated reward points for spends more than 1.5L is better than Infinia.
Infinia is good for Smartbuy 10x/5x transactions. But considering your spends I think the capping of 15K will be very low.
Click to expand...
This is actually what i am thinking too.

10lk AQB + 35k yearly fees would be cheaper (especially when it will be waived off at 25llk spend).

Plus clear access to 10lk whenever needed.
 
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sonuyos said:
This is actually what i am thinking too.

10lk AQB + 35k yearly fees would be cheaper (especially when it will be waived off at 25llk spend).

Plus clear access to 10lk whenever needed.
Click to expand...
One thing to note here is you will need to maintain Rs 10 lacs AQB all the time to retain Burgundy status. You can't withdraw it or you will have to credit a lot more money afterwards to maintain Rs 10 lacs AQB.
 
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