EternallyHopeful
TF Premier
Hello TF Community, I am a new user and have been exploring the community for a few days. So far, the discussions here have enriched me so much that I now wish I had come to the community a lot sooner than I have. It was this community that made me aware of terms such as LTF, FYF, LE and NTB. So, Thank you TF community.
Below are my details and queries. I am still new to this credit card game and this community, so pardon me if I am not aware of certain things. I hope to learn from you guys and, then, one day, help others.
Credit Card Portfolio:
(1) Amazon Pay ICICI: (5.2 L) (LTF) (3 Y 6 M old)
(2) Au LIT: (70K) (LTF) (6 M old)
(3) Axis Neo: (3L) (LTF) (5 M old)
(4) IndusInd Visa Platinum: (5L) (LTF) (4 M old)
(5) HSBC Visa Platinum: (1.5L) (LTF) (3 M old)
(6) PNB Select Rupay: (1L) (LTF - have to use it once a quarter) (3 M old)
(7) Standard Chartered Visa Platinum: (3.25L) (LTF) (2 M old)
(8) BoB Premier Visa: (2L) (LTF) (3 M old)
Recent Rejections/decline in applications:
(1) One Card - only shows FD backed card from Federal Bank. Despite many Emails, no luck here.
(2) Axis Airtel - I tried applying using another Mobile Number as suggested by Community members, EKYC/VKYC done, but application was declined due to Bank's internal policies. May be Axis doesn't approve new card application within 6 months of older card approval - My application for Axis Neo was approved in Nov-23.
(3) Federal Bank - Tried applying on their web portal. After CIBIL fetch, they denied saying Bank's internal policies.
(4) ICICI Bank - After the application online and CIBIL fetch, their system shows I am not eligible for any of their cards at the moment. (wanted ICICI platinum and coral)
(5) Canara Bank - Despite having my salary account and FDs with them, they don't show any pre-approved offers. After the application online, their systems show I am not eligible for any of their cards at the moment. (Not that I care, but I just wanted to have a Canara Bank Credit card to add to the portfolio).
(6) IDFC Bank - after many days, their system finally shows IDFC Select card with 3.25L limit without income proof, but I want to get my hands on their Wealth card. Despite many Emails and entering higher salary etc, the system still shows Select card. The system does show Wealth card, but requires bank statement of salary credits of the last 3 months. I guess my salary details do not fit with their high income criteria for wealth card. However, in the hope of getting the Wealth card, I have not taken the Classic Card.
(7) HDFC Bank - I am shown moneyback and Swiggy cards after application. I have learnt from this Community that If you get any of these or co-branded cards, your chances of getting core cards go down. So, I have not applied for them at the moment.
Accounts at present:
I have a salary account in Canara Bank, a Savings account in SBI and Savings-FD accounts in Bank of Baroda.
Spends on cards:
My spends are not much. They are mainly groceries, utility bills/recharges, occasional online/offline shopping and occasional train/flight bookings. I don't order food online that much. My spends don't allow me, on the whole, to go for conditional fee-waiver cards as I won't be able to recover the fee as far as I can see.
Other details:
(1) Living in Delhi, so no issue of serviceable pin codes.
(2) CIBIL: 777, Experian: 857 - CIBIL went down 4 points recently due to many enquiries.
(3) ITR - around 15 LPA.
Queries/Guidance sought:
(1) I have learnt from the community that there are, generally, 4 ways of getting better cards:
- Opening SB and/or FD accounts with a particular bank, and waiting for pre-approved offer,
- Getting LTF cards (with or without account depending on the profile), using them for sometime and then asking for upgrades,
- Getting paid cards, using them for sometime and then asking LTF upgrades and/or better cards with LTF,
- Trying the C2C method (in most cases, visiting the branch) to get lower/mid-premium credit cards with paid/FYF/LTF status.
With the above in mind, how should I go about from hereon? Should I seek other LTF cards once the CIBIL stabilizes? or wait and try for lower/mid-premium cards? What process should I adopt? Any other thing that I am not aware of or anything that I am doing wrong? Again, my spends are not that high to allow me conditional fee waivers. I know I am being a little ambitious here with my low spends, but what's the harm in trying....
(2) What other cards should I target in 2024 based on my profile and spends?
I hope I was clear with my profile and needs. Any suggestion/information is welcome. Thanx in advance. TF community rocks.
Below are my details and queries. I am still new to this credit card game and this community, so pardon me if I am not aware of certain things. I hope to learn from you guys and, then, one day, help others.
Credit Card Portfolio:
(1) Amazon Pay ICICI: (5.2 L) (LTF) (3 Y 6 M old)
(2) Au LIT: (70K) (LTF) (6 M old)
(3) Axis Neo: (3L) (LTF) (5 M old)
(4) IndusInd Visa Platinum: (5L) (LTF) (4 M old)
(5) HSBC Visa Platinum: (1.5L) (LTF) (3 M old)
(6) PNB Select Rupay: (1L) (LTF - have to use it once a quarter) (3 M old)
(7) Standard Chartered Visa Platinum: (3.25L) (LTF) (2 M old)
(8) BoB Premier Visa: (2L) (LTF) (3 M old)
Recent Rejections/decline in applications:
(1) One Card - only shows FD backed card from Federal Bank. Despite many Emails, no luck here.
(2) Axis Airtel - I tried applying using another Mobile Number as suggested by Community members, EKYC/VKYC done, but application was declined due to Bank's internal policies. May be Axis doesn't approve new card application within 6 months of older card approval - My application for Axis Neo was approved in Nov-23.
(3) Federal Bank - Tried applying on their web portal. After CIBIL fetch, they denied saying Bank's internal policies.
(4) ICICI Bank - After the application online and CIBIL fetch, their system shows I am not eligible for any of their cards at the moment. (wanted ICICI platinum and coral)
(5) Canara Bank - Despite having my salary account and FDs with them, they don't show any pre-approved offers. After the application online, their systems show I am not eligible for any of their cards at the moment. (Not that I care, but I just wanted to have a Canara Bank Credit card to add to the portfolio).
(6) IDFC Bank - after many days, their system finally shows IDFC Select card with 3.25L limit without income proof, but I want to get my hands on their Wealth card. Despite many Emails and entering higher salary etc, the system still shows Select card. The system does show Wealth card, but requires bank statement of salary credits of the last 3 months. I guess my salary details do not fit with their high income criteria for wealth card. However, in the hope of getting the Wealth card, I have not taken the Classic Card.
(7) HDFC Bank - I am shown moneyback and Swiggy cards after application. I have learnt from this Community that If you get any of these or co-branded cards, your chances of getting core cards go down. So, I have not applied for them at the moment.
Accounts at present:
I have a salary account in Canara Bank, a Savings account in SBI and Savings-FD accounts in Bank of Baroda.
Spends on cards:
My spends are not much. They are mainly groceries, utility bills/recharges, occasional online/offline shopping and occasional train/flight bookings. I don't order food online that much. My spends don't allow me, on the whole, to go for conditional fee-waiver cards as I won't be able to recover the fee as far as I can see.
Other details:
(1) Living in Delhi, so no issue of serviceable pin codes.
(2) CIBIL: 777, Experian: 857 - CIBIL went down 4 points recently due to many enquiries.
(3) ITR - around 15 LPA.
Queries/Guidance sought:
(1) I have learnt from the community that there are, generally, 4 ways of getting better cards:
- Opening SB and/or FD accounts with a particular bank, and waiting for pre-approved offer,
- Getting LTF cards (with or without account depending on the profile), using them for sometime and then asking for upgrades,
- Getting paid cards, using them for sometime and then asking LTF upgrades and/or better cards with LTF,
- Trying the C2C method (in most cases, visiting the branch) to get lower/mid-premium credit cards with paid/FYF/LTF status.
With the above in mind, how should I go about from hereon? Should I seek other LTF cards once the CIBIL stabilizes? or wait and try for lower/mid-premium cards? What process should I adopt? Any other thing that I am not aware of or anything that I am doing wrong? Again, my spends are not that high to allow me conditional fee waivers. I know I am being a little ambitious here with my low spends, but what's the harm in trying....
(2) What other cards should I target in 2024 based on my profile and spends?
I hope I was clear with my profile and needs. Any suggestion/information is welcome. Thanx in advance. TF community rocks.
