YFE card LTF or not?

[good_old_times]

Hi All,

I received YFE card today which the agent had told me would be LTF. However i cant see it mentioned anywhere in the welcome kit. I only see credit limit and cash limit. I am not able to reach Yes bank CC via the numbers provided. IS there any way to confirm whether its LTF or not?

 

[Sandy Singh]

You can mail them and ask if your card is LTF if phone is not working. Also did you get it in writing from the agent that it will be LTF?

 

[ltf4ever]

Hi All,

I received YFE card today which the agent had told me would be LTF. However i cant see it mentioned anywhere in the welcome kit. I only see credit limit and cash limit. I am not able to reach Yes bank CC via the numbers provided. IS there any way to confirm whether its LTF or not?

always ask on email, no phone call.
send email to their pno if no one is responding (yes Bank doesn't respond timely).

I hope you have not activated the card.
in that case, you will receive multiple calls from them to activate the card, at that time, tell them about this problem and to send you Ltf confirmation over email.

 

[good_old_times]

always ask on email, no phone call.
send email to their pno if no one is responding (yes Bank doesn't respond timely).

I hope you have not activated the card.
in that case, you will receive multiple calls from them to activate the card, at that time, tell them about this problem and to send you Ltf confirmation over email.

Yes, I havent activated the card yet. Let me wait for couple of weeks to see if I get any call for activation.

Will there be any affect on my cibil if I dont activate the card? Can they still charge me joining fees without activation?

 

[ltf4ever]

Yes, I havent activated the card yet. Let me wait for couple of weeks to see if I get any call for activation.

Will there be any affect on my cibil if I dont activate the card? Can they still charge me joining fees without activation?

1) in my opinion, it should not affect cibil. I have never seen 'unactivated' card as a factor affecting cibil. whatever impact had to happen would have already happened when an enquiry was added to your report.
2) they might charge you 'issuance/joining fee' because the card was issued. a good way for banks to ensure that users don't just apply for a card and let it go stale.

since I have never let a card go stale by not activating it, I would defer the answer to this question to experts to correct me if I am wrong.

 

[ltf4ever]

Yes, I havent activated the card yet. Let me wait for couple of weeks to see if I get any call for activation.

Will there be any affect on my cibil if I dont activate the card? Can they still charge me joining fees without activation?

1) in my opinion, it should not affect cibil. I have never seen 'unactivated' card as a factor affecting cibil. whatever impact had to happen would have already happened when an enquiry was added to your report.
2) they might charge you 'issuance/joining fee' because the card was issued. a good way for banks to ensure that users don't just apply for a card and let it go stale.

since I have never let a card go stale by not activating it, I would defer the answer to this question to experts to correct me if I am wrong.

I would suggest communicating to the customer care and letting them know that you won't activate the card because you were missold the card as ltf (I hope there is some proof you have which you can provide). and also asking them about joining fees (put everything on email). that way you can go to RBI if you want to, in case they charge you joining fees, as you have on record that it was a case of misselling and that you had escalated it.
but if you let the card go unactivated, you might not have any other recourse as the bank and RBI would think that you were just lazy to activate the card and now claiming refund for joining fees.

 

[MONEY]

Hi All,

I received YFE card today which the agent had told me would be LTF. However i cant see it mentioned anywhere in the welcome kit. I only see credit limit and cash limit. I am not able to reach Yes bank CC via the numbers provided. IS there any way to confirm whether its LTF or not?

on a side note, how did you apply C2C or via ITR / Salary slip? also, do you hold a Yes bank account?

sorry for hijacking

 

[good_old_times]

on a side note, how did you apply C2C or via ITR / Salary slip? also, do you hold a Yes bank account?

sorry for hijacking

I did nt submit any document. I just got a call from agent and followed his instructions.

No, i dont have a yes bank account.

 

[It_is_Naruto]

Hi All,

I received YFE card today which the agent had told me would be LTF. However i cant see it mentioned anywhere in the welcome kit. I only see credit limit and cash limit. I am not able to reach Yes bank CC via the numbers provided. IS there any way to confirm whether its LTF or not?

Refer this solved thread -

How to confirm Yes Bank CC LTF status?

While applying for the yes bank credit card, it was shown as LTF. I have received the card yesterday but it was not mentioned anywhere in the welcome kit. How to confirm it? Please see - Even the charges for the card were not mentioned.

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