HDFC CC not offering Upgrade or Limit Enhancement

[sri_cc]

My takehome salary: >2L

Relationship with HDFC

1. Savings Max account personal (unfortunately my company is a startup and not listed in HDFC, so couldn't get a salary account)
2. Normal savings accounts for both my parents
3. Locker in hometown
4. HDFC Ergo (term insurance)

Existing cards - Limits

• ICICI Coral - 1L
• ICICI Apay - 6.3L
• Axis Flipkart - 2L
• SBI CB - 1.1L
• Kotak White - 2.1L
• IDFC Wealth - 5L
• HDFC MB+ - 34K

I'm stuck with HDFC MB+ CC, I want at least Regalia Gold LTF. Also want the Tata Neu Infinity card as well, but Tata Neu app is showing only the Plus card, that too shared limit with MB+ (34K) and only FYF. Now I have the foll options,

1. Cancel the MB+ card and apply for Regalia Gold LTF via C2C method (branch people near my home are saying it will be processed as LTF for my salary, but read here that it's hit and miss for HDFC C2C) and then take the TataNeu Card Plus and then write to grievance cell asking it to upgrade to Infinity LTF. (prefer this as Regalia is the long term card, but confused after reading threads on the forum saying C2C for Regalia Gold is hit/miss with HDFC)
2. Take the Tata NeuCard Plus first and then go with C2C application and then write to HDFC grievance cell mentioning all the above information and ask them to upgrade it to Tata Neu Infinity LTF.

Please suggest the best course of action.

 

[SSV]

I'm being offered HDFC DCP as LTF, thinking whether to take it or not. Earlier I've cancelled MB+ & TN+ to get RG LTF or DCB/INF paid. It was not happening so went with Amex cards and have been using them for quite some time now. But eventual goal is INFINIA, so not sure whether to take it or not. Please share your thoughts.

cc @SSV

W a i t

 

[sri_cc]

W a i t

@SSV my eventual goal is INFINIA/DCB (paid is fine)

Now there are 2 routes right?

One is I can take this DCP LTF, wait for the limit to be increased to ~8L and either wait until I get an upgrade offer or move all my spends for 6 months on this card and then request for DCB upgrade (given spends have to be >7.5L)

Else, wait until I get RG FYF offer and follow similar route. But initially I'm not sure if I'd be able to spend >4lpa to negate the fees of this card until I get the DCB upgrade. So not sure if this is suitable for me.

Please suggest what should do? or if there are ways to reach INF/DCB (not interested in ULIPs).

BTW, little updates to my profile.
Takehome is now 1.9lpm. I get RSU at year end but that's not counted by these people.
Company is FAANG level, has tie up with HDFC.

 

[SSV]

@SSV my eventual goal is INFINIA/DCB (paid is fine)

Now there are 2 routes right?

One is I can take this DCP LTF, wait for the limit to be increased to ~8L and either wait until I get an upgrade offer or move all my spends for 6 months on this card and then request for DCB upgrade (given spends have to be >7.5L)

Else, wait until I get RG FYF offer and follow similar route. But initially I'm not sure if I'd be able to spend >4lpa to negate the fees of this card until I get the DCB upgrade. So not sure if this is suitable for me.

Please suggest what should do? or if there are ways to reach INF/DCB (not interested in ULIPs).

BTW, little updates to my profile.
Takehome is now 1.9lpm. I get RSU at year end but that's not counted by these people.
Company is FAANG level, has tie up with HDFC.

Don’t take DCP , you have more reasons to wait for a better card as your profile is strong..

 

[neo.puneet]

yes, wait for DCB - https://www.technofino.in/community/threads/paid-dcb-metal-journey.27558/

 

[sri_cc]

Don’t take DCP , you have more reasons to wait for a better card as your profile is strong..

yes, wait for DCB - https://www.technofino.in/community/threads/paid-dcb-metal-journey.27558/

ok will wait a few more months

how long should I be waiting? just so that I have the right expectations

 

[SSV]

ok will wait a few more months

how long should I be waiting? just so that I have the right expectations

With HDFC the wait is unpredictable ..but typically you may need to wait for a minimum 6 to 12 momths for a meaningful offer.. some people waited for several years also..

 

[sri_cc]

With HDFC the wait is unpredictable ..but typically you may need to wait for a minimum 6 to 12 momths for a meaningful offer.. some people waited for several years also..

if it is going to take that long, is it worth taking the DCP now & try to get it upgraded to DCB? or that route will take even longer?

 

[SSV]

if it is going to take that long, is it worth taking the DCP now & try to get it upgraded to DCB? or that route will take even longer?

I have no experience with this , but upgrades are purely at th3 discretion of the bank.. someone with relative experience may comment

 

[pranjal1984]

if it is going to take that long, is it worth taking the DCP now & try to get it upgraded to DCB? or that route will take even longer?

I have been using Regalia Gold LTF since January 2024. Limit is Rs 3.80 lakhs. Spent around 8 lakhs in a year. No card upgrade or limit enhancement offer till now. Stopped using the card since last month. Returns are very less. I am getting better returns using SBI Cashback, Axis Airtel and Amex Platinum Travel and occasional special card discounts of ICICI ,IDFC and BOB.

I already closed Swiggy LTF and Tata Neu Infinity LTF cards. I am planning to close Regalia Gold also as HDFC instant discount offers have reduced in sites. On a side note I am having HDFC preferred banking. But guess I am unluckier on their cards portfolio. There is no guarantee on limit increases and card Upgrades with HDFC.

 

[SSV]

I have been using Regalia Gold LTF since January 2024. Limit is Rs 3.80 lakhs. Spent around 8 lakhs in a year. No card upgrade or limit enhancement offer till now. Stopped using the card since last month. Returns are very less. I am getting better returns using SBI Cashback, Axis Airtel and Amex Platinum Travel and occasional special card discounts of ICICI ,IDFC and BOB.

I already closed Swiggy LTF and Tata Neu Infinity LTF cards. I am planning to close Regalia Gold also as HDFC instant discount offers have reduced in sites. On a side note I am having HDFC preferred banking. But guess I am unluckier on their cards portfolio. There is no guarantee on limit increases and card Upgrades with HDFC.

This was what I was expecting..an unfortunate truth..

 

[pranjal1984]

I

This was what I was expecting..an unfortunate truth..

In fact my previous card was Millenia which I got in March 2023 with 3.35 L limit. So in two years with more than 12 lakhs genuine spends , total limit increased by HDFC is only Rs 45000. Whereas I am having 7 to 8 lakhs limits with other Bank cards like SBI , Amex etc.