Strategy to get HDFC INFINIA

[Dg2476]

Hi, please share if this is a viable option?

The strategy is to get whatever the best card they can offer against a bank fd with high credit limit (apprx 8-10lac) and do spends of 8-9 lacs in 2-3 months as i need to purchase many thing for my new home and then ask for infinia based on spends, and if get approved close the fd backed card and enjoy infinia there on.

Caveat- i only file itr of 7 lakhs

Will they need more itr even on spends based criteria?

 

[Lobogris]

Secured card won’t be considered. In addition, Infinia is not issued against such low income.

 

[SSV]

Hi, please share if this is a viable option?

The strategy is to get whatever the best card they can offer against a bank fd with high credit limit (apprx 8-10lac) and do spends of 8-9 lacs in 2-3 months as i need to purchase many thing for my new home and then ask for infinia based on spends, and if get approved close the fd backed card and enjoy infinia there on.

Caveat- i only file itr of 7 lakhs

Will they need more itr even on spends based criteria?

Extremely low chance to get this dream into reality .. Sorry to be blunt...
Very very hard to get with such a low itr..
Idea is good but not valid for infinia...

 

[Dg2476]

Actually i am not a salaried person but have a business (pvt ltd) will my business credentials help? or a big deposit upwards of 1cr in hdfc saving a/c?
Note- i dont have any relationship with hdfc so far.

 

[SSV]

a big deposit upwards of 1cr in hdfc saving a/c?

Talk to RM , when we are talking in crores we have a case provided we take right approach .. as they say Money talks !!