DCB Please Help with DCB & Swiggy Dilemma!

[vishp]

Hi Everyone,

I am having DCB from Last 4 months. My goal was to get Infinia by end of year, through Credit Limit (8L) and Spend Eligibility (7.5 in 6 months).

I can easily achieve Spend Criteria. But my Credit Limit was 5L, and seeing that how difficult it is to get LE nowadays, that too to 8L, I lost hope, and got the Swiggy LTF Card. I know that getting Non-Core Card further impacts your ability to get LE.

Now the funny thing is I applied for Swiggy Card, a couple of days back, and it got approved yesterday and also I got an automatic LE for DCB ydy to about 7.5+ Lakhs!

Infinia Credit Limit Eligibility is 8 Lakhs, which I am short of by few thousands. I have two choices now.

1. Close Swiggy Card immediately and ask for another manual LE for DCB after few months
2. Use Swiggy Card for a couple of months, close it, and then ask for LE on DCB

Please suggest of how should I proceed. Please let me know if there are any other choices.

 

[helloworld]

What if it is dcb LtF and mostly spends are on gyftr...
3x vs 5X game

In fi nia

 

[adldeeps]

Step 1: Ask for Infinia upgrade once you hit 7.5L milestone, write in the mail you have requisite salary and everything
Step 2: If they accept, they will ask you for income documents, if it suits their criteria then they will increase CL to 8 lakh and then upgrade to paid variant of the card.
Step 3: If they deny, just ask for manual LE and send documents once they ask you. Once CL is more than 8L, do Step 1 again.

@vishp This is tried and tested way, worked for 2 of my friends. They have salaries above 2.7L per month so it was easy for them to get CL increase and they had spends on their DCB which worked in their favour. The above method will not work out if they cannot do manual LE more than 8L on your card.

On side note, DCB LTF is more or less good. It also gives access to virtual priority pass. Unless you are hitting the reward multiplier cap or having acceptance issues don't go for paid Infinia.

Current Card: Regalia Gold with CL of 8.5L & Spend Average of 5L a year. Recently Added Tata Neu Infinity.
Recently I mailed for upgrade my LTF Regalia Gold to LTF Infinia and do LE to 12L, (attached ITR of 41)
but I was denied and instead offered FYF DCB (Annual target 8L Spend to wave off Annual fee)

1. Should I go DCB FYF as that may eventually pave the way for Infinia? My current average is 5L and meeting target of 8L is slightly difficult.

2. Can anyone help me understand If spending on Tata Neu will be counted towards this spend target as both cards share same credit limit.

3. If I keep pushing manual LE 1-2 times will that make room for jumping from Regalia Gold to Infinia or passing via DCB is the only way.

 

[Yugi]

Current Card: Regalia Gold with CL of 8.5L & Spend Average of 5L a year. Recently Added Tata Neu Infinity.
Recently I mailed for upgrade my LTF Regalia Gold to LTF Infinia and do LE to 12L, (attached ITR of 41)
but I was denied and instead offered FYF DCB (Annual target 8L Spend to wave off Annual fee)

1. Should I go DCB FYF as that may eventually pave the way for Infinia? My current average is 5L and meeting target of 8L is slightly difficult.

2. Can anyone help me understand If spending on Tata Neu will be counted towards this spend target as both cards share same credit limit.

3. If I keep pushing manual LE 1-2 times will that make room for jumping from Regalia Gold to Infinia or passing via DCB is the only way.

Spends on different cards can be clubbed together. You have to spend 7.5 L in 6 months and then ask for Infinia upgrade. I don't think they are giving out LTF on it.

If your spends are not that high, try asking for DCB LTF. With 41 L ITR you can ask for manual LE.

 

[_ayush]

Do
Fd & lein it & increase limit

Can you please explain how to do FD lein. I asked my RM and he has no clue about it.

 

[Vasuki]

Can you please explain how to do FD lein. I asked my RM and he has no clue about it.

Context ? U are not OP
I' don't know your profile

Please ask questions giving your own context .
It's has become norm asking half cooked question without giving information about self

 

[_ayush]

Context ? U are not OP
I' don't know your profile

Please ask questions giving your own context .
It's has become norm asking half cooked question without giving information about self

Hey sorry. I have diners black with 5L limit. There is a big purchase coming up through which I'll be able to meet 7.5 lakh spend in 6 months. So just wanted to know what is the process to get limit increased based on fd lein. Both my BM and RM said they dont know about this.

 

[Vasuki]

Hey sorry. I have diners black with 5L limit. There is a big purchase coming up through which I'll be able to meet 7.5 lakh spend in 6 months. So just wanted to know what is the process to get limit increased based on fd lein. Both my BM and RM said they dont know about this.

Ofc they don't

Mail grievances redressal that u want to upgrade to INFINIA
They will say u r eligible & it's invite only card

So before mailing do 4 lakh fd
320 is 80% if they lien so 5+3.2 =8.32

So u know two condition
Tell them to lien your fd and make it 8 lakh+

2nd regarding spends that u would negotiate that I can do this much would it make.it eligible

Or u can directly mail.
U want to lein 4 lakh fd to increase your cc limit to further your cause for INFINIA

This should work .
Either way
But do fd before email

 

[imdjay]

Ofc they don't

Mail grievances redressal that u want to upgrade to INFINIA
They will say u r eligible & it's invite only card

So before mailing do 4 lakh fd
320 is 80% if they lien so 5+3.2 =8.32

So u know two condition
Tell them to lien your fd and make it 8 lakh+

2nd regarding spends that u would negotiate that I can do this much would it make.it eligible

Or u can directly mail.
U want to lein 4 lakh fd to increase your cc limit to further your cause for INFINIA

This should work .
Either way
But do fd before email

@_ayush first increase the limit with FD, do not mention Infinia. Once the limit is increased, then only ask for Infinia in a different communication thread.

 

[_ayush]

Yeah will do that only. Because with the current limit, I cant even do 7.5L transaction in a day.

 

[Vasuki]

@_ayush first increase the limit with FD, do not mention Infinia. Once the limit is increased, then only ask for Infinia in a different communication thread.

Yeah will do that only. Because with the current limit, I cant even do 7.5L transaction in a day.

For someone who have spent but was lacking limit & they had fd from long ago
Got suggested getting lien on fd for limit increase via grievances itself

So try l.e first then negotiate for spends

 

[nrj1007]

Hi Everyone,

I am having DCB from Last 4 months. My goal was to get Infinia by end of year, through Credit Limit (8L) and Spend Eligibility (7.5 in 6 months).

I can easily achieve Spend Criteria. But my Credit Limit was 5L, and seeing that how difficult it is to get LE nowadays, that too to 8L, I lost hope, and got the Swiggy LTF Card. I know that getting Non-Core Card further impacts your ability to get LE.

Now the funny thing is I applied for Swiggy Card, a couple of days back, and it got approved yesterday and also I got an automatic LE for DCB ydy to about 7.5+ Lakhs!

Infinia Credit Limit Eligibility is 8 Lakhs, which I am short of by few thousands. I have two choices now.

1. Close Swiggy Card immediately and ask for another manual LE for DCB after few months
2. Use Swiggy Card for a couple of months, close it, and then ask for LE on DCB

Please suggest of how should I proceed. Please let me know if there are any other choices.

You can get manual LE even if u have co branded cards if your salary/ITR qualifies. But 6 months is the cooldown period for manual LE.
So if you can wait for 6 months, use swiggy and then ask for manual LE and ask for upgrade if you get 8L CL.
If you want to upgrade before 6 months, close swiggy and you may get auto LE if you are lucky enough.

My story: I got manual LE from 3.6L to 6L 1 year ago. Then no auto LE as I had tata neu infinity.
I closed Tata neu 2 months back and got auto LE from 6L to 10L.
Now I am trying to get to 7.5L spends in last 6 months them I will ask for upgrade.

 

[imdjay]

For someone who have spent but was lacking limit & they had fd from long ago
Got suggested getting lien on fd for limit increase via grievances itself

So try l.e first then negotiate for spends

I said this based on my personal experience.
Yes, this was advised by the grievance team only, but only to one person. then a a lot of people started asking in the same way.
hence, the suggested way is first to get the credit limit increased, as they will be very happy to increase it with a lien.

 

[Vasuki]

I said this based on my personal experience.
Yes, this was advised by the grievance team only, but only to one person. then a a lot of people started asking in the same way.
hence, the suggested way is first to get the credit limit increased, as they will be very happy to increase it with a lien.

With current trend in falling saving in banks
They would happily

 

[_ayush]

@Vasuki @imdjay I recieved the following response from HDFC. I had made an FD of 4 lakhs considering current limit of 5 lakhs. This should make the total limit 8.2L. Is this the normal process for increasing credit limit using FD Lien? Or I might get less than 80% limit assigned?

Being sensitized to your concerns raised, we had taken up the matter for appropriate review and have reviewed your request for limit enhancement basis the FD (Fixed Deposit) lien declaration provided vide your e-mail of August 17, 2024. We clarify that the additional credit limit will be reviewed upto 80% of the FD amount.
We wish to inform that enhancement of limit will be subject to validation of your credit bureaus (CIBIL) and other bank internal verifications. Hence, we request your positive concurrence along with the consent on the appended points from your registered e-mail address on or before August 22, 2024 to enable us to assist you further.
Last 4 digits of the card number.
CIBIL enquiry consent
Confirmation on the amount as quoted above.

 

[kuchbhi]

@Vasuki @imdjay I recieved the following response from HDFC. I had made an FD of 4 lakhs considering current limit of 5 lakhs. This should make the total limit 8.2L. Is this the normal process for increasing credit limit using FD Lien? Or I might get less than 80% limit assigned?

Being sensitized to your concerns raised, we had taken up the matter for appropriate review and have reviewed your request for limit enhancement basis the FD (Fixed Deposit) lien declaration provided vide your e-mail of August 17, 2024. We clarify that the additional credit limit will be reviewed upto 80% of the FD amount.
We wish to inform that enhancement of limit will be subject to validation of your credit bureaus (CIBIL) and other bank internal verifications. Hence, we request your positive concurrence along with the consent on the appended points from your registered e-mail address on or before August 22, 2024 to enable us to assist you further.
Last 4 digits of the card number.
CIBIL enquiry consent
Confirmation on the amount as quoted above.

Yep I guess this is correct

 

[imdjay]

@Vasuki @imdjay I recieved the following response from HDFC. I had made an FD of 4 lakhs considering current limit of 5 lakhs. This should make the total limit 8.2L. Is this the normal process for increasing credit limit using FD Lien? Or I might get less than 80% limit assigned?

Being sensitized to your concerns raised, we had taken up the matter for appropriate review and have reviewed your request for limit enhancement basis the FD (Fixed Deposit) lien declaration provided vide your e-mail of August 17, 2024. We clarify that the additional credit limit will be reviewed upto 80% of the FD amount.
We wish to inform that enhancement of limit will be subject to validation of your credit bureaus (CIBIL) and other bank internal verifications. Hence, we request your positive concurrence along with the consent on the appended points from your registered e-mail address on or before August 22, 2024 to enable us to assist you further.
Last 4 digits of the card number.
CIBIL enquiry consent
Confirmation on the amount as quoted above.

Looks fine. Go Ahead.

 

[Avatar Aang]

8L limit not needed for Infinia.
I've got my DCB upgraded with CL<6L.

7.5L Spends criteria is the most important.

Dont forget to mark this as solution once you get your Infinia.

 

[_ayush]

8L limit not needed for Infinia.
I've got my DCB upgraded with CL<6L.

7.5L Spends criteria is the most important.

Dont forget to mark this as solution once you get your Infinia.

Did you mail pno/grievance redressal for upgrade or got approval from some bm/rm?

 

[Avatar Aang]

Did you mail pno/grievance redressal for upgrade or got approval from some bm/rm?

Upgraded through the mail route. RM is useless.
Once you spend 7.5L on existing card mail CC for upgrade. They'll probably state the internal policies and card can't be upgraded. Tell them that the internal policies vary from person to person and I am worthy of getting Infinia as I have a clean Cibil record with no late payments. Eventually they will agree.

 

[Vasuki]

@Vasuki @imdjay I recieved the following response from HDFC. I had made an FD of 4 lakhs considering current limit of 5 lakhs. This should make the total limit 8.2L. Is this the normal process for increasing credit limit using FD Lien? Or I might get less than 80% limit assigned?

Being sensitized to your concerns raised, we had taken up the matter for appropriate review and have reviewed your request for limit enhancement basis the FD (Fixed Deposit) lien declaration provided vide your e-mail of August 17, 2024. We clarify that the additional credit limit will be reviewed upto 80% of the FD amount.
We wish to inform that enhancement of limit will be subject to validation of your credit bureaus (CIBIL) and other bank internal verifications. Hence, we request your positive concurrence along with the consent on the appended points from your registered e-mail address on or before August 22, 2024 to enable us to assist you further.
Last 4 digits of the card number.
CIBIL enquiry consent
Confirmation on the amount as quoted above.

80% is standard in hdfc for any card be it indian oil