My CIBIL Score Debt is shown as Negative. Does it matter?

[RishiKiDev]

Taking EMI on DC isn't necessary.

Yeah. Most of my relatives and friends got only on doing regular spends on the debit card on different merchants and maintaining 2-3L

 

[RishiKiDev]

May be , may be not.. need to do whatever we can get n our disposal, without much costs

Does taking loans from HDFC help?

 

[SSV]

Yeah. Most of my relatives and friends got only on doing regular spends on the debit card on different merchants and maintaining 2-3L

Good to know.. I will share my experience with regard to this in the coming months

 

[RishiKiDev]

Good to know.. I will share my experience with regard to this in the coming months

They didn't get DCB but some got Regalia and some got Millennia as Pre-approved. The credit limit provided directly correspond to the maintained balance in SBA

 

[SSV]

Does taking loans from HDFC help?

100% .. not only that.. you need to demonstrate that you are paying back on time..
You are generating revenue for them , so definitely counts

 

[RishiKiDev]

100% .. not only that.. you need to demonstrate that you are paying back on time..
You are generating revenue for them , so definitely counts

So by your experience their algorithm prefers people who use their products more and more?

 

[SSV]

So by your experience their algorithm prefers people who use their products more and more?

Yes .. definitely ..
And another key is don’t take the first card whatever crap they offer..

 

[D₹V]

Let’s see, I can wait for another one year.. no rush..
The key here is , I should not take my first card until I get the one I want with at least 5 To 6 L limit
If I take the first card , then they don’t bother about me..
So regalia gold or DCB should do I think..

Yeah. So, you don't have any card?

I also, waited 1 year & took Millennia at 150k limit.

 

[RishiKiDev]

Yes .. definitely ..
And another key is don’t take the first card whatever crap they provide

My mom's credit limit hasn't increased since 2yrs. She has Regalia LTF with 5L. What moves do you suggest me to do in order to get a LE? She's housewife so can't go for manual LE.

 

[D₹V]

Does taking loans from HDFC help?

IMO it's waste of money.

 

[RishiKiDev]

IMO it's waste of money.

If it cuts short the waiting time to get a card then maybe it will be worth for those who want.
As there's no clear cut policy, it's all speculative.
I wish we could get their internal policy documents leaked.

 

[SSV]

IMO it's waste of money.

That is why I didn’t suggest in my initial post..
We need to do cost benefit analysis..
It is not worth spending that much on interest to get better cc offer..
But if there is genuine need, then should use this

 

[SSV]

My mom's credit limit hasn't increased since 2yrs. She has Regalia LTF with 5L. What moves do you suggest me to do in order to get a LE? She's housewife so can't go for manual LE.

To get LE, do one or two big purchase during one statement period close to the limit

 

[RishiKiDev]

That is why I didn’t suggest in my initial post..
We need to do cost benefit analysis..
It is not worth spending that much on interest to get better cc offer..
But if there is genuine need, then should use this

True.
Sometimes better to accept that you can't always get what you want, you get what you need.
Only credit card nerds like us would understand each others pain.

 

[D₹V]

If it cuts short the waiting time to get a card then maybe it will be worth for those who want.
As there's no clear cut policy, it's all speculative.
I wish we could get their internal policy documents leaked.

It'll do nothing short.

At first after account opening. In 3 months you'll get first pre approved offer with crap card & crappy limit. Then after 6 months, offers will change & then you'll get some likewise cards with good limit.

 

[RishiKiDev]

To get LE, do one or two big purchase during one statement period close to the limit

Big purchase as in >1L?

 

[RishiKiDev]

It'll do nothing short.

At first after account opening. In 3 months you'll get first pre approved offer with crap card & crappy limit. Then after 6 months, offers will change & then you'll get some likewise cards with good limit.

That's exactly what happened with me.

I always had the FOMO that had I taken a loan I would have got it faster.

 

[SSV]

Yeah. So, you don't have any card?

I also, waited 1 year & took Millennia at 150k limit.

Yes, my sb account is opened about 5 months ago..
Now I have MB LTF with 1.17 L offer for the last 2 months

 

[SSV]

Big purchase as in >1L?

Yes, put some friends and family’s purchases on this card, but key is during the same statement period.. take it to peak usage in one month

 

[D₹V]

Yes, my sb account is opened about 5 months ago..
Now I have MB LTF with 1.17 L offer for the last 2 months

The offer will change in February.

Mark my words , till then keep using DC like hell