DCB What's most effective way to spend money(without actually spending)

[akmittal]

I have DCB plastic and want to upgrade to Infinia. My salary criteria and limit is matching but 6 month spends are not.

I have bought max amount of Amazon shopping voucher and big basket and will reach close to 6 lacs. Is it effective if I add money to payzap wallet and back to bank account?

 

[HumorSimpson]

@drsel @techt one thing i have got enough business to a HDFC branch
i manage a team of 40+ last year i had got them some 15 salary accounts , 4 home loans, 6 PL's

I do have a strong hold in a branch

This you should have mentioned in the beginning. The criteria is always bringing business to them, which I don't.

 

[HumorSimpson]

Money back plus is the most basic (and worthless) card of HDFC
my relative who has just passed out of college and just got a job received it

Yes. I never was a fan of hdfc cards and hardly use them.

 

[PavanPavan is verified member.]

This you should have mentioned in the beginning. The criteria is always bringing business to them, which I don't.

But branch never helped it's my RM who took approval

Only benifit i get from branch is priority service, Good locker and dedicated support

 

[Karma]

Two years of battle 😀 and last my RM took approval from some XYZ (i really don;t know) and approved

2 years is quite some time. Patience seems to be the key with Infinia. 😅

 

[PavanPavan is verified member.]

2 years is quite some time. Patience seems to be the key with Infinia. 😅

Ya as i said i had got all from HDFC other than infinia 😀

 

[drsel]

No i know peope who has infinia limit is 5 lakh and even few have git with FD's in past

Thank you sir you are the best one to guide us.

So what should one take besides income tax over 45 lakhs and another super premium card statement and 6 months bank statement to the branch?

 

[VISHESH_BANSAL]

To upgrade you need blessings from @VISHESH_BANSAL and @SSV 😛 😀

 

[HumorSimpson]

Thank you sir you are the best one to guide us.

So what should one take besides income tax over 45 lakhs and another super premium card statement and 6 months bank statement to the branch?

Going by the experiences by the members here. The first rule is the business generation by the user. This superceeds everything.

My CL is 12L,spends on it hardly 2000, itr 50Lpa +, no salary account, still a big NO from them.

 

[drsel]

Going by the experiences by the members here. The first rule is the business generation by the user. This superceeds everything.

My CL is 12L,spends on it hardly 2000, itr 50Lpa +, no salary account, still a big NO from them.

I guess they need to make a huge profit on the business that you generate
any profit that they make should be at least 10 times what you can make by using HDFC infinia card

 

[HumorSimpson]

I guess they need to make a huge profit on the business that you generate
any profit that they make should be at least 10 times what you can make by using HDFC infinia card

Yes. @Pavan has generated them enough business than a dozen of their own RMs.

 

[drsel]

Going by the experiences by the members here. The first rule is the business generation by the user. This superceeds everything.

My CL is 12L,spends on it hardly 2000, itr 50Lpa +, no salary account, still a big NO from them.

You really don't need Infinia.
just put 30 lacs in Axis fixed deposit and get the Magnus for Burgundy, which is definitely better than Infinia, even after devaluation

If they are rejecting crorepatis, then they don't deserve your business.
Remember that they need to make a huge profit out of each and every customer.
It is the most profitable bank in India.!

 

[PavanPavan is verified member.]

Going by the experiences by the members here. The first rule is the business generation by the user. This superceeds everything.

My CL is 12L,spends on it hardly 2000, itr 50Lpa +, no salary account, still a big NO from them.

Again they have a stupid rule of intake salary per month

You should push your RM she should help you

 

[jack333]

You really don't need Infinia.
just put 30 lacs in Axis fixed deposit and get the Magnus for Burgundy, which is definitely better than Infinia, even after devaluation

If they are rejecting crorepatis, then they don't deserve your business.
Remember that they need to make a huge profit out of each and every customer.
It is the most profitable bank in India.!

Are they still giving LTF? I enquired its now with 30k fee

 

[Sriim]

Going by the experiences by the members here. The first rule is the business generation by the user. This superceeds everything.

My CL is 12L,spends on it hardly 2000, itr 50Lpa +, no salary account, still a big NO from them.

How old is your mb+?

 

[HumorSimpson]

How old is your mb+?

In the process of renewal of my old bharat card it came. About 8 months old. But considering the History it's 13 years old.

 

[drsel]

Are they still giving LTF? I enquired its now with 30k fee

Magnus burgundy now has a 35400 joining fee and renewal fee, but some TF members are paying 70800 joining fee and renewal fee for Amex Platinum charge card, which is inferior to Magnus burgundy

 

[HumorSimpson]

Again they have a stupid rule of intake salary per month

You should push your RM she should help you

Even that intake salary criteria is met. Forget infinia, they are denying Millennia too

 

[HumorSimpson]

You really don't need Infinia.
just put 30 lacs in Axis fixed deposit and get the Magnus for Burgundy, which is definitely better than Infinia, even after devaluation

If they are rejecting crorepatis, then they don't deserve your business.
Remember that they need to make a huge profit out of each and every customer.
It is the most profitable bank in India.!

I invest thru a financial planner. Even for contingency funds he prefers debt funds to fds.

 

[drsel]

Even that intake salary criteria is met. Forget infinia, they are denying Millennia too

I had millennia for a few years and then I closed it permanently because it was a nuisance to phone customer care every year to remove the annual fee.
Also I have SBI cashback which is superior to millennia

 

[HumorSimpson]

I had millennia for a few years and then I closed it permanently because it was a nuisance to phone customer care every year to remove the annual fee.
Also I have SBI cashback which is superior to millennia

Exactly my point, and fighting with them his futile.