Millennia to Infinia

[Dobbiee]

Hi Guys,
Need some expert advice.
I am new to Technofino club and recently have been reading a lot of conversations here, specially about the high desire for Infinia. Have got excited for it too.

I have been a user of mostly ICICI Credit card. Mainly used Amazon Pay for last 5 years and I liked the cash-back system. In Nov got ICICI Emeralde Private, primarly based on my spends pattern (above Rs 15 lacs per annum).

To make better returns on the credit card, opened SavingsMax HDFC and started taking the 1% cashback also (other card payments through HDFC billpay).
Further to this, I also took HDFC Millennia credit card and easily meeting the Rs 1000 additional cashback criteria on spend of Rs 1 lac per quarter.
All in all I can expect around Rs 50k worth of benefit coming back on a spend of Rs 15 lacs per annum. (believe cost of Cash-back to bank is quite high, thats why the conversion ratio of Infinia from reward points to cash is only 1:0.3).

I am not saying that I am unhappy with this situation. But reading the threads here, I also got excited to get into the Infinia game of Smartbuy and make money more use out of my spends.

I wrote to Infinia customer care to issue me a card and also took to grievances, but they did not support. (Had provided all types of reasons and documents ranging from annual salary package, cibil score, HDFC Ergo policies, limit and spends on Emeralde etc.)

I approached HDFC branch and the credit card team over there told me that as you are new customer to HDFC do following:
Salary transfer every month in HDFC account should be above Rs 2.75 lacs pm for continuous 6 months. (which is not an issue).
Spend on the HDFC credit card (currently Millenia with a credit limit of 2.17 lacs) should be over Rs 7.5 lacs for 6 months.
If I meet these 2 criteria then they would upgrade me to Infinia.

Now my queries are:
1. Is it worth to spend over 7.5 lacs on Millennia in 6 months. I would be loosing money just with the hope of getting Infinia.
2. Should I keep requesting for credit limit increase. If that helps in getting the Infinia offer.
3. Is it possible to keep Millennia and still get an offer for Infinia as a 2nd card.
4. Any other way suggested.

Thanks in advance for the knowledge sharing and guidance.


Edit on16.06.2024:
On HDFC cards - CL increased to 5.5 lacs on 15th May. And Millennia card upgraded to DCB Metal on 15th June.

 

[VasukiVasuki is verified member.]

When I already have that kind of spends (totally salaried),
HDFC needs to realize my importance and give me what I deserve.

Bro it's not marriage
You aren't fufa of someone

INFINIA is invite only u have to get invite.

There are fd for emergency fund. And surely that can help here.
But dont believe in this route. Its not the right approach.

When I already have that kind of spends (totally salaried),
HDFC needs to realize my importance and give me what I deserve.

Will try with normal course. Direct with customer care or through help of branch, if they can.

Well you can try normal route .
I told you the only viable thing possible in your case

 

[Dobbiee]

Bro it's not marriage
You aren't fufa of someone

ha ha ha
Thats agreed. Main HDFC ka daamad bhi nai hun.
😊

 

[Dobbiee]

@Vasuki @BVC
Taken up the matter with branch. And spoke to cluster head. Showed positive signs. Was willing to push for the upgrade.

Situation - Getting short of credit limit by 1 lacs (need 8 lacs limit). And wont be able to increase limit immediately, as it happened last month only.
I offered to create lien on FD. But cluster head said that after putting lien, there would be no CL increase in future. And he asked not go with this route.

Need to wait for 2-3 months atleast to push for CL increase again. 😥

 

[VasukiVasuki is verified member.]

@Vasuki @BVC
Taken up the matter with branch. And spoke to cluster head. Showed positive signs. Was willing to push for the upgrade.

Situation - Getting short of credit limit by 1 lacs (need 8 lacs limit). And wont be able to increase limit immediately, as it happened last month only.
I offered to create lien on FD. But cluster head said that after putting lien, there would be no CL increase in future. And he asked not go with this route.

Need to wait for 2-3 months atleast to push for CL increase again. 😥

Depends if you need more than 8 lakh limit on credit card
Or INFINIA

 

[Dobbiee]

Dont want to block future LE. Higher limits are always beneficial.
Infinia to aa hi jaega.
Aaj nai to kal. 😉

Depends if you need more than 8 lakh limit on credit card
Or INFINIA