Infinia reserve from HDFC?

[thanix]

Saw some Twitter posts about Infinia reserve, even from @TechnoFino. And some put Smartbuy privilege snapshot showing it between DCB and Infinia and jokes around it. Any information around it?

 

[caabhi]

Saw some Twitter posts about Infinia reserve, even from @TechnoFino. And some put Smartbuy privilege snapshot showing it between DCB and Infinia and jokes around it. Any information around it?

+1 Following thread!

 

[vaibhav111vaibhav111 is verified member.]

Saw some Twitter posts about Infinia reserve, even from @TechnoFino. And some put Smartbuy privilege snapshot showing it between DCB and Infinia and jokes around it. Any information around it?

According to the tweet, it seems that the Infinia Reserve actually sits below the Infinia card, rather than above it. So, it looks like HDFC has inadvertently ruined its own party.

 

[Chaitanya-a]

According to the tweet, it seems that the Infinia Reserve actually sits below the Infinia card, rather than above it. So, it looks like HDFC has inadvertently ruined its own party.

HDFC is already losing the party in all its product line from savings till credit cards. Only negative updates since so long.

 

[thanix]

For me neither HDFC website works nor Smartbuy website works. Have they rolled back the website updates?

 

[caabhi]

According to the tweet, it seems that the Infinia Reserve actually sits below the Infinia card, rather than above it. So, it looks like HDFC has inadvertently ruined its own party.

Yes if it is below Infinia then surely they missed the party, they could very well have put some luxury benefits and introduced a card positioned as super luxury card with joining + welcome fees of 50k++

 

[Souvik]

HDFC is already losing the party in all its product line from savings till credit cards. Only negative updates since so long.

For some time now, HDFC Bank is caught napping, while some competitors have significantly improved their game.

 

[Chaitanya-a]

For some time now, HDFC Bank is caught napping, while some competitors have significantly improved their game.

HDFC is being laggard whereas their competitors understood the potential of the market.
I don't expect much improvement either.

 

[amit]

There is no place for a new cc in between Infinia and DCB.

or the infinia reserve will share DNA of DCB and Infinia (how its look before the devaluation)

 

[Slayer]

HDFC is already losing the party in all its product line from savings till credit cards. Only negative updates since so long.

+infinity

 

[787]

For some time now, HDFC Bank is caught napping, while some competitors have significantly improved their game.

Ax-is!

 

[Sudarshan61]

Yes if it is below Infinia then surely they missed the party, they could very well have put some luxury benefits and introduced a card positioned as super luxury card with joining + welcome fees of 50k++

How many people actually hold CC with fees of 50K+🤔

Bank earn the most on free cards and cards with less fee...

 

[thanix]

For my use case, I am perfectly okay with this card even if it is at DCB level and in Visa/MC that solves the acceptance problem. I am neither in Apple ecosystem nor use Flipkart. Also, if fee waiver is at 5L, I am more than happy.

Hope they don't make this card at Infinia level and push Infinia further high up.

 

[Slayer]

How many people actually hold CC with fees of 50K+🤔

Bank earn the most on free cards and cards with less fee...

Any satistacs?

 

[Souvik]

How many people actually hold CC with fees of 50K+🤔

Bank earn the most on free cards and cards with less fee...

As hard as it sounds general public is not very clever, many people buy a popcorn for 300 inside cinema halls, sandwiches inside airports at abysmal prices.

Its more about impulsive buying, show-off and gross foolishness. Bank RM's/Finance influencers will continue to make a scapegoat of these kind of people by selling ULIP's, MF's, credit cards with vouchers, high fees etc.

 

[Slayer]

As hard as it sounds general public is not very clever, many people buy a popcorn for 300 inside cinema halls, sandwiches inside airports at abysmal prices.

Its more about impulsive buying, show-off and gross foolishness. Bank RM's/Finance influencers will continue to make a scapegoat of these kind of people by selling ULIP's, MF's, credit cards with vouchers, high fees etc.

Peak clown munde statements

 

[vysakh]

How many people actually hold CC with fees of 50K+🤔

Bank earn the most on free cards and cards with less fee...

The money made by banks on card fee is negligible and insignificant. In the CC business, most of the money is made by the MDR. Cards with higher fee are targeted at affluent people and the offers are given so that they spend more using the card.

 

[yadavji]

Check this out -

 

[yadavji]

Also I think it'a a clever move by HDFC to position Reserve lower than Infinia, just to make Axis furious. 😋

 

[HazelBlotch]

As hard as it sounds general public is not very clever, many people buy a popcorn for 300 inside cinema halls, sandwiches inside airports at abysmal prices.

Its more about impulsive buying, show-off and gross foolishness. Bank RM's/Finance influencers will continue to make a scapegoat of these kind of people by selling ULIP's, MF's, credit cards with vouchers, high fees etc.

Exactly. Keep in mind that this forum is not an accurate representation of the average Indian man, far from it. This is very niche.