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Upgraded Federal Signet(Rupay) to Celesta(MC) (indirect way: Close & Reapply) in 2 days with 13x Limit Enhancement :)

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Rishabh

Rishabh

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Hello TFians !!!

Surprise post🙂

After holding Rupay Signet card from almost 2 years and number of requests & complaints to get Card Limit Enhancement or Upgrade which were never fulfilled, last week out of frustration I just got my Signet card closed.
I used to laugh when I got my Signet card with limit not enough to buy a good smartphone, don't know what Federal was doing when assigning such low limit of 30k in spite of having good CIBIL & other bank cards with limit way much higher than of Signet.

I was aware & told by Fed bank executive about the cooling period of 90 days to wait to apply again for new card; but after recent experience of getting moved from OneCard(Federal) to Imperio within a week within my Family (refer to post below) I randomly tried applying for new credit card from Federal with expectation of getting it rejected due to cooling period.

Rishabh

Thread 'Smooth transition from OneCard (Federal) to Federal Imperio within 5 days - Detailed Post'

Hello Folks,

This post is regarding getting Federal Imperio credit card issued after closing my 3 year old OneCard (On Federal bank network) in span of 5 days.
After recent devaluation of OneCard benefits & offers, & also limitation to apply for Federal core card due to OneCard; I thought of closing the OneCard just to get the Federal card because of good bank offers online across different merchants.

Timelines:

18th Dec: Submitted card closure request on OneCard app via Chat
19th Dec morning: Received call from OneCard Customer Care asking reason to close, I requested for Bank network...
  • Like

But application went through after asking all the basic details with no option to select card variant during the process except only thing I selected was platform as Mastercard.
Application got successfully submitted and reference number generated.

Today got surprised to receive email about Celesta card approval with limit more than 13x limit of earlier Signet card 🙂
No verification call, VKYC, etc.; only 6 month bank account statement was required to be uploaded.

Card Journey:-
- 7th Jan: Placed request for closure of existing Signet card
- 9th Jan: Got call to confirm closure request; card got closed immediately after confirmation
- 10th Jan: Applied for new Credit card (through Apply Now link) & got reference number with 7 days processing time message
- 13th Jan: Received card approval email with Celesta MC variant & credit limit details

Unpredictable Federal !!!

So anyone unable to get their card upgraded or limit enhancement from long, can give a try closing existing card and apply for new.
But again it may come with risk of Federal imposing cooling period for you to wait for 90 days & reject the card application depending how bad your luck is 🙂

Also to confirm I do not have Bank account or any other existing relationship with Federal bank.
 
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Should I close my federal scapia credit Card for getting core federal Bank credit card although my brother has federal core credit card for online instant discount offer, when ever I need it?
 
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maverick said:
Should I close my federal scapia credit Card for getting core federal Bank credit card although my brother has federal core credit card for online instant discount offer, when ever I need it?
Click to expand...
It depends whether you have requirement for Scapia card for International spends, etc.?
If not then you can close the Scapia & apply for core card, because I am not sure if merchant specific discounts of Federal core cards works for Scapia card or not (for OneCard it never worked)

Second thing you can do is to continue hold Scapia card & get an Add-On card issued on your name on your brother's core card.
So for online offers you will have two separate cards to use though they will share same credit limit.
 
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Rishabh said:
It depends whether you have requirement for Scapia card for International spends, etc.?
If not then you can close the Scapia & apply for core card, because I am not sure if merchant specific discounts of Federal core cards works for Scapia card or not (for OneCard it never worked)

Second thing you can do is to continue hold Scapia card & get an Add-On card issued on your name on your brother's core card.
So for online offers you will have two separate cards to use though they will share same credit limit.
Click to expand...
I don't think anything can beat the unlimited lounge access on scapia though
 
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Rishabh said:
Hello TFians !!!

Surprise post🙂

After holding Rupay Signet card from almost 2 years and number of requests & complaints to get Card Limit Enhancement or Upgrade which were never fulfilled, last week out of frustration I just got my Signet card closed.
I used to laugh when I got my Signet card with limit not enough to buy a good smartphone, don't know what Federal was doing when assigning such low limit of 30k in spite of having good CIBIL & other bank cards with limit way much higher than of Signet.

I was aware & told by Fed bank executive about the cooling period of 90 days to wait to apply again for new card; but after recent experience of getting moved from OneCard(Federal) to Imperio within a week within my Family (refer to post below) I randomly tried applying for new credit card from Federal with expectation of getting it rejected due to cooling period.

Rishabh

Thread 'Smooth transition from OneCard (Federal) to Federal Imperio within 5 days - Detailed Post'

Hello Folks,

This post is regarding getting Federal Imperio credit card issued after closing my 3 year old OneCard (On Federal bank network) in span of 5 days.
After recent devaluation of OneCard benefits & offers, & also limitation to apply for Federal core card due to OneCard; I thought of closing the OneCard just to get the Federal card because of good bank offers online across different merchants.

Timelines:

18th Dec: Submitted card closure request on OneCard app via Chat
19th Dec morning: Received call from OneCard Customer Care asking reason to close, I requested for Bank network...
  • Like

But application went through after asking all the basic details with no option to select card variant during the process except only thing I selected was platform as Mastercard.
Application got successfully submitted and reference number generated.

Today got surprised to receive email about Celesta card approval with limit more than 13x limit of earlier Signet card 🙂
No verification call, VKYC, etc.; only 6 month bank account statement was required to be uploaded.

Card Journey:-
- 7th Jan: Placed request for closure of existing Signet card
- 9th Jan: Got call to confirm closure request; card got closed immediately after confirmation
- 10th Jan: Applied for new Credit card (through Apply Now link) & got reference number with 7 days processing time message
- 13th Jan: Received card approval email with Celesta MC variant & credit limit details

Unpredictable Federal !!!

So anyone unable to get their card upgraded or limit enhancement from long, can give a try closing existing card and apply for new.
But again it may come with risk of Federal imposing cooling period for you to wait for 90 days & reject the card application depending how bad your luck is 🙂

Also to confirm I do not have Bank account or any other existing relationship with Federal bank.
Click to expand...
I too have signet with around 290k limit I tried asking them for an upgrade but they're not accepting... Should I close and reapply 🤔 what's your say? I don't use this card much have Federal Wave as well, just that both come in handy for instant discounts..
 
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theflash said:
I too have signet with around 290k limit I tried asking them for an upgrade but they're not accepting... Should I close and reapply 🤔 what's your say? I don't use this card much have Federal Wave as well, just that both come in handy for instant discounts..
Click to expand...
From rewards perspective not much value with any of the Federal cards. If you find your limit is good enough to cover your spends then no point closing & reapply. As I mentioned there is no guarantee if bank will approve new card very next day after closing Signet 🙂
 
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Kushagra_ said:
I don't think anything can beat the unlimited lounge access on scapia though
Click to expand...
It comes with a minimum spends criteria of 5000 per month (though the criteria is very low) but Celesta have 2 lounge per month without any required criteria. For many in general it shall cover the average lounge usage.

Secondly Federal running many discount offers across different merchants - shopping, travel etc. & offering highest discount compare to other cards. This will not be applicable to Scapia cards. 🙂
 
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Rishabh said:
It comes with a minimum spends criteria of 5000 per month (though the criteria is very low) but Celesta have 2 lounge per month without any required criteria. For many in general it shall cover the average lounge usage.

Secondly Federal running many discount offers across different merchants - shopping, travel etc. & offering highest discount compare to other cards. This will not be applicable to Scapia cards. 🙂
Click to expand...
Now the minimum spends criteria is 10000 for unlimited lounge access.
 
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