Infinia Card: Is the Devaluation Coming?

[Salvator]

I've been holding an Infinia card for a while now and have always been impressed by its benefits. Recently, my friend tried opening a current and saving account for him and his three partners at HDFC Bank. Due to some technical glitch, they couldn't open the current account, but to their surprise and to compensate for it they were offered Infinia cards!

This is the first interaction they've had with HDFC Bank. No ITR documents or company proofs were submitted, and they only deposited 1 lakh each in their saving accounts. It seems like getting an Infinia card isn't as difficult as I thought, and this could be a sign of potential devaluation.

I'm shocked to hear people are struggling to get this card, while my friend and his partners got it so easily. The card limit is 8 lakhs, even though the standard Infinia limit is 10 lakhs.
Can I use this as evidence to get my family members' HDFC cards upgraded to Infinia?

Let me know your thoughts on this situation.

 

[sahilgulati5]

They were lucky I must say.. U can try.. But will it work out no one has idea. Yes infinia will be devalued further, once the new card is launched. We all Infinia Holders are waiting for Reserve.

 

[Riva]

NTB is usually easier than the upgrade route.
Which branch and city was this. Would depend on lot of factors. They could have also promised business in return.

 

[drsel]

Yes of course you should use this evidence to upgrade all cards to Infinia
it is the best card of HDFC and the only one worth having along with Biz Black

 

[Riva]

And if you are successful using this method to upgrade your cards to Infinia, please post here.. there are a LOT of folks here, meeting the criteria and are looking for a way to upgrade without any success.

 

[sourpai]

I've been holding an Infinia card for a while now and have always been impressed by its benefits. Recently, my friend tried opening a current and saving account for him and his three partners at HDFC Bank. Due to some technical glitch, they couldn't open the current account, but to their surprise and to compensate for it they were offered Infinia cards!

This is the first interaction they've had with HDFC Bank. No ITR documents or company proofs were submitted, and they only deposited 1 lakh each in their saving accounts. It seems like getting an Infinia card isn't as difficult as I thought, and this could be a sign of potential devaluation.

I'm shocked to hear people are struggling to get this card, while my friend and his partners got it so easily. The card limit is 8 lakhs, even though the standard Infinia limit is 10 lakhs.
Can I use this as evidence to get my family members' HDFC cards upgraded to Infinia?

Let me know your thoughts on this situation.

I think HDFC was afraid that these folks will report this technical glitch to RBI … and then ask for hefty compensation… Instead they issued them Infinia to keep them happy and not report it

 

[Avijeet]

I've been holding an Infinia card for a while now and have always been impressed by its benefits. Recently, my friend tried opening a current and saving account for him and his three partners at HDFC Bank. Due to some technical glitch, they couldn't open the current account, but to their surprise and to compensate for it they were offered Infinia cards!

This is the first interaction they've had with HDFC Bank. No ITR documents or company proofs were submitted, and they only deposited 1 lakh each in their saving accounts. It seems like getting an Infinia card isn't as difficult as I thought, and this could be a sign of potential devaluation.

I'm shocked to hear people are struggling to get this card, while my friend and his partners got it so easily. The card limit is 8 lakhs, even though the standard Infinia limit is 10 lakhs.
Can I use this as evidence to get my family members' HDFC cards upgraded to Infinia?

Let me know your thoughts on this situation.

May be a big ticket size .....

For large ticket sizes, HDFC never hesitate to roll out the red carpet, even with bare hands....

 

[Quiksilver27]

I've been holding an Infinia card for a while now and have always been impressed by its benefits. Recently, my friend tried opening a current and saving account for him and his three partners at HDFC Bank. Due to some technical glitch, they couldn't open the current account, but to their surprise and to compensate for it they were offered Infinia cards!

This is the first interaction they've had with HDFC Bank. No ITR documents or company proofs were submitted, and they only deposited 1 lakh each in their saving accounts. It seems like getting an Infinia card isn't as difficult as I thought, and this could be a sign of potential devaluation.

I'm shocked to hear people are struggling to get this card, while my friend and his partners got it so easily. The card limit is 8 lakhs, even though the standard Infinia limit is 10 lakhs.
Can I use this as evidence to get my family members' HDFC cards upgraded to Infinia?

Let me know your thoughts on this situation.

They were quite lucky for all to get Infinia! Maybe HDFC has made a huge blunder in opening their account.. But how will u use this to upgrade ur family to Infinia, you have any documentary evidence to prove ur point to HDFC?

 

[HumorSimpson]

I think HDFC was afraid that these folks will report this technical glitch to RBI … and then ask for hefty compensation… Instead they issued them Infinia to keep them happy and not report it

Rather than a reward it could be a punishment for them if they are non travelers

 

[sourpai]

Rather than a reward it could be a punishment for them if they are non travelers

Non travellers will anyways have very few options as they will prefer only cashback cards

 

[HumorSimpson]

Non travellers will anyways have very few options as they will prefer only cashback cards

That's exactly my point. Hdfc dodged an RBI complaint by giving them an MDC.

 

[Quiksilver27]

That's exactly my point. Hdfc dodged an RBI complaint by giving them an MDC.

But does an RBI complaint really matter and affect banks? if it did Axis bank should have shut down long ago 🤣

 

[sourpai]

That's exactly my point. Hdfc dodged an RBI complaint by giving them an MDC.

Yes HDFC dodged a complaint that is for sure... they were already banned by RBI in the past due to their poor IT systems, now bribing their way out via these tactics

 

[HumorSimpson]

But does an RBI complaint really matter and affect banks? if it did Axis bank should have shut down long ago 🤣

Yes it matters, customers do get compensations.

Coming to axis, the biggest problem was with the users, who tried loopholes which would not stand against them.

 

[Quiksilver27]

Yes it matters, customers do get compensations.

Coming to axis, the biggest problem was with the users, who tried loopholes which would not stand against them.

Good to know.. will wait for them to do something wrong and get my brother to Infinia

 

[BVCBVC is verified member.]

I've been holding an Infinia card for a while now and have always been impressed by its benefits. Recently, my friend tried opening a current and saving account for him and his three partners at HDFC Bank. Due to some technical glitch, they couldn't open the current account, but to their surprise and to compensate for it they were offered Infinia cards!

This is the first interaction they've had with HDFC Bank. No ITR documents or company proofs were submitted, and they only deposited 1 lakh each in their saving accounts. It seems like getting an Infinia card isn't as difficult as I thought, and this could be a sign of potential devaluation.

I'm shocked to hear people are struggling to get this card, while my friend and his partners got it so easily. The card limit is 8 lakhs, even though the standard Infinia limit is 10 lakhs.
Can I use this as evidence to get my family members' HDFC cards upgraded to Infinia?

Let me know your thoughts on this situation.

NTB customers and Ultra HNI and some lucky ones have the benefit of getting Infinia this way. And as Infinia Reserve is around the corner for sure before devaluation announcement they want to reach their targets by offering Infinia to some customers, and not with everyone of course wherever it's necessary depends on RM/BM/GH.

Just enjoy till Infinia shines bright.

 

[BVCBVC is verified member.]

Yes it matters, customers do get compensations.

Coming to axis, the biggest problem was with the users, who tried loopholes which would not stand against them.

Only loop holes??, users have broke the systems of Axis some times during Magnus/Reserve/Vistara Infinite era 😂😂.

 

[HumorSimpson]

Only loop holes??, users have broke the systems of Axis some times during Magnus/Reserve/Vistara Infinite era 😂😂.

Yes. Axis is the OG, let themselves exploit and at the time of crediting, Tata bye 👋

 

[shivamk]

Well, HDFC did screw up with me as well by not allowing fund transfer even after 24h of adding beneficiary. But my branch is dumb, they all are just bags of lame excuses.

I gave one last reminder to my RM to get a resolution, else I will complain to PNO and then RBI. I need an answer to why they left me in a state where my money is stuck with them and I couldn't do the transaction online within the timeline I had

 

[Salvator]

as I stated earlier, they are not HNI, did not promise big business and have barely deposted only 1,00,000 in the savings account and all of them got the Infinia card which is very shocking!