Retention offer on Infinia?

[thegoodstoner]

Does HDFC provide any retention offer on Infinia? Has anyone tried it?

Since the annual fee waiver is at 10 lakh, is it worth trying to close and speak to retention team if my spends are around ~5 lakh?

[Couldn't find any thread about this on technofino, hence creating this new post]

 

[SSV]

Sorry for being blunt here.

I have the following premium cards:
1) Magnus for Burgundy (meets all my needs)
2) HDFC Infinia
3) Amex Platinum Charge Card

I recently upgrade from Gold Charge card to Platinum charge card and I am going to close this card after using the best of 135K points. Even with relatively modest monthly income, I know my expenses and lifestyle does not match the TRUE lifestyle income needed for Amex Platinum.

So its good to experience everything that comes in your mind but keeping it going needs common financial sense.

Finally to answer the OP - You get renewal benefit on paying the annual fee what more retention do you want? GST reversal?
Call them to give you Regalia LTF 🙂

Very open and honest stocktake ..

 

[D₹V]

So it’s Moye Moye moment for Paytm as of now !!

Yes 🤣 now you understood true meaning of this meme.

 

[SSV]

Yes 🤣 now you understood true meaning of this meme.

I am glad I got it at the first time itself 😀

 

[card-shard]

This is what happens when you upgrade to a card that you truly know inside of you, that you can't afford to keep next year. If your lifestyle or expense can't keep up with such cards, don't upgrade.

 

[thegoodstoner]

Sorry for being blunt here.

I have the following premium cards:
1) Magnus for Burgundy (meets all my needs)
2) HDFC Infinia
3) Amex Platinum Charge Card

I recently upgrade from Gold Charge card to Platinum charge card and I am going to close this card after using the best of 135K points. Even with relatively modest monthly income, I know my expenses and lifestyle does not match the TRUE lifestyle income needed for Amex Platinum.

So its good to experience everything that comes in your mind but keeping it going needs common financial sense.

Finally to answer the OP - You get renewal benefit on paying the annual fee what more retention do you want? GST reversal?
Call them to give you Regalia LTF 🙂

Not that I can't afford it. My yearly income is 70 lpa and bank offered me Infinia even though I didn't really ask for it.

I'm 25 and bachelor so don't have much spends. I also have other cards like SBI Vistara Prime which I use for most of my spends.

I wanted to try if HDFC would wave off the fee or not, simply because why not (in case they do it easily which is what I wanted to check via this post if anyone has tried). Reg 12500 points, Vistara card already provides me flight tickets so I don't have many ways to use those points.

But I see the risk that what if they close the card without any question or follow up. Not sure if I'm ready for that.

 

[BucksBunny88888888]

Does HDFC provide any retention offer on Infinia? Has anyone tried it?

Since the annual fee waiver is at 10 lakh, is it worth trying to close and speak to retention team if my spends are around ~5 lakh?

[Couldn't find any thread about this on technofino, hence creating this new post]

I am HDFC Infinia holder and I got Infinia LTF also you get reward points upon paying annual fee.

 

[BucksBunny88888888]

Superb!! Many takes ultra premium cards to eat welcome benefit and later dump it.

 

[SSV]

Not that I can't afford it. My yearly income is 70 lpa and bank offered me Infinia even though I didn't really ask for it.

I'm 25 and bachelor so don't have much spends. I also have other cards like SBI Vistara Prime which I use for most of my spends.

I wanted to try if HDFC would wave off the fee or not, simply because why not (in case they do it easily which is what I wanted to check via this post if anyone has tried).

But I see the risk that what if they close the card without any question or follow up. Not sure if I'm ready for that.

Actually you are in a much better position to try this , compared to a lot of people here in a way that with your ₹70LPA income you will definitely get back infinia even if it’s closed ( I don’t think they will close)

 

[thegoodstoner]

Actually you are in a much better position to try this , compared to a lot of people here in a way that with your ₹70LPA income you will definitely get back infinia even if it’s closed ( I don’t think they will close)

Thanks. Let me think about it. I'll check with me RM if HDFC allows applying for a closed card later.

2200 is not really a big amount just that I feel it's getting wasted + Vistara card already provides me flight tickets so I don't have many ways to use 12500 points. Vistara Prime already gives me 4-5% returns on almost every spends so I would still keep this one as my goto card.

 

[thegoodstoner]

This is what happens when you upgrade to a card that you truly know inside of you, that you can't afford to keep next year. If your lifestyle or expense can't keep up with such cards, don't upgrade.

Bold of you to assume that I asked for any upgrade from the bank. HDFC offered me this card as FYF with my salary account even though I did not ask for it. They themselves said I can close the card from 2nd year if I don't find the fees worth it. That's exactly what I'm trying to decide here.

Being able to afford something is different while spending on something which isn't of much use is different.

 

[abhiver]

Not that I can't afford it. My yearly income is 70 lpa and bank offered me Infinia even though I didn't really ask for it.

I'm 25 and bachelor so don't have much spends. I also have other cards like SBI Vistara Prime which I use for most of my spends.

I wanted to try if HDFC would wave off the fee or not, simply because why not (in case they do it easily which is what I wanted to check via this post if anyone has tried). Reg 12500 points, Vistara card already provides me flight tickets so I don't have many ways to use those points.

But I see the risk that what if they close the card without any question or follow up. Not sure if I'm ready for that.

70 lakh ki income pe HDFC aapko retain jarur karegi. You must force them for LTF.

 

[thegoodstoner]

70 lakh ki income pe HDFC aapko retain jarur karegi. You must force them for LTF.

I'm scared BM will put pressure on me to buy investment plans/policy if I do this. 😂

 

[abhiver]

I'm scared BM will put pressure on me to buy investment plans/policy if I do this. 😂

Don't go to them. Simply write an email to the Grievance team to convert your card into LTF. If they deny then go to PNO.

And if your BM put pressure then tell him to resolve your current problem first.

By the way, I am just curious about what is your Job position. Earning 70Lpm at the age of 25 in India is really an achievement,

 

[jade]

Don't go to them. Simply write an email to the Grievance team to convert your card into LTF. If they deny then go to PNO.

And if your BM put pressure then tell him to resolve your current problem first.

By the way, I am just curious about what is your Job position. Earning 70Lpm at the age of 25 in India is really an achievement,

Probably working as a investment banker with a bulge bracket investment bank or working with a good private equity fund/hedge fund.

 

[infinia_dedo]

Probably working as a investment banker with a bulge bracket investment bank or working with a good private equity fund/hedge fund.

Startup/Faang hoga
Aajkal banks ka zamana nahi

 

[FinoGuy]

But I see the risk that what if they close the card without any question or follow up. Not sure if I'm ready for that.

Keep some outstanding so that they can't close it

 

[D₹V]

Superb!! Many takes ultra premium cards to eat welcome benefit and later dump it.

Samajh gaya tu kon hai vai 🤣🤭

 

[thegoodstoner]

Don't go to them. Simply write an email to the Grievance team to convert your card into LTF. If they deny then go to PNO.

And if your BM put pressure then tell him to resolve your current problem first.

By the way, I am just curious about what is your Job position. Earning 70Lpm at the age of 25 in India is really an achievement,

Hmm.. Thanks, I'll try. I'm a Software Engineer at an MNC.
It's not 70 Lpm, it's 70 Lpa. Lpm hota to I might not be using Technofino 😛
Also, it's 70, but the actual pay can vary a bit depending on stock prices since ~30% of my pay is in the form of stocks. As of today, it would be come somewhere around 65 if I calculate as per current stock since the stock prices fell a bit after they were vested.

Probably working as a investment banker with a bulge bracket investment bank or working with a good private equity fund/hedge fund.

Nhi bro. The same old Software Engineer.
Let's just say I've been pretty lucky with it to get early promotions.

 

[HumorSimpson]

Bold of you to assume that I asked for any upgrade from the bank. HDFC offered me this card as FYF with my salary account even though I did not ask for it. They themselves said I can close the card from 2nd year if I don't find the fees worth it. That's exactly what I'm trying to decide here.

Being able to afford something is different while spending on something which isn't of much use is different.

Well said .

 

[HumorSimpson]

Hmm.. Thanks, I'll try. I'm a Software Engineer at an MNC.
It's not 70 Lpm, it's 70 Lpa. Lpm hota to I might not be using Technofino 😛
Also, it's 70, but the actual pay can vary a bit depending on stock prices since ~30% of my pay is in the form of stocks. As of today, it would be come somewhere around 65 if I calculate as per current stock since the stock prices fell a bit after they were vested.


Nhi bro. The same old Software Engineer.
Let's just say I've been pretty lucky with it to get early promotions.

then you are the good programer rather than the good stoner.