Got IDFC wealth credit card very easily

[Harvey_Dent]

Anyone looking to apply for IDFC wealth credit card, go through this post once

I used to apply for IDFC credit cards last year. Every time it got rejected. This time I went to a mall and applied through an agent there.

The process was very simple. He said there are only two criteria for IDFC wealth cc. I only wanted wealth.
1. Salary 4 lakhs
OR
2. Existing card limit 4 lakhs for c2c and at least 1 year old card

I applied c2c using my ICICI apay card with 4.1 lakh limit and 1.2 years old, contray to popular belief it doesn’t work for c2c. The agent did all the application, no salary slips, no documents. Don’t know what salary he filled, but I was shown wealth and applied. I was surprised though.

Later office address verification happened on phone, I said I wfh. I was also sent a mail on my office email to verify company address and name. Process was smooth, even though their portal sucks. Approved within 3 days excluding weekend. Got same limit as apay.

I know this card is devalued now, but still it’s good for offers and dreamfolks membership, which I guess doesn’t have any minimum spends criteria.

10 days earlier I got sapphiro LTF under alumni program, and also got axis select. This is my last application of the year. Next year, I am looking to apply DCB or regalia LTF.

EDIT on 31st July: I received my card. If anyone wondering the lounge access associated with this card. Here’s the detailed info I checked on dreamfoks.

Domestic lounge: 4/qtr, can use cc or dreamfolks card. I know people might challenge this, but IDFC’s partnership with dreamfoks is a bit different compared to ICICI. Hence can use both

International lounge: 4/qtr using dreamfolks card

Railway lounge: 4/qtr. Can take 1 guest as well on that card

Domestic Airport spa: 4/qtr

Grand Total: 16, definitely worth for a LTF card

 

[SSV]

Applied for the card Sunday evening, VKYC completed on Sunday & the application moved to "Under application verification" on Sunday the 11th itself.

Yesterday at around 17.45 some lady from IDFC called me & verified my home &office address including my job profile & also asked for my office timings in case some one was to visit me for physical verification.

Then my application moved to "Under credit review" within an hour of the phone call.

I'm not NTB with IDFC & have PL, CD & AL with them, also had a savings a/c which I had only closed in December '23. Ironically till I had the savings a/c with them every time I applied they only gave me the offer for the Wow card !

Hence still confused if any physical verification will happen ... Reading the threads suggests that physical verification happens during the "application verification" stage, but this is IDFC !

Since it moved to the next stage after the call. Maybe his guess is right.

To me, you are well past the physical verification stage. Now credit review team looks at CIBIL and other factors.. you should have a decision in a day or two

 

[CardGame]

Will update if IDFC still does a physical verification during credit review stage .. They might just have waived it off since I have ongoing CDL, AL & PL with them..

Highly likely .

 

[ray8285]

To me, you are well past the physical verification stage. Now credit review team looks at CIBIL and other factors.. you should have a decision in a day or two

Well I was aiming for the wealth ... Should have put in my salary as 3L+ .. Seems this might be the only reason they offered me select with a limit of 4.25L ..

I'm confused if I should close the card post approval & reapply for wealth or just keep it (I have amex plat charge & Plat travel, SBI Aurum, Kotak white reserve & ICICI sapphiro amongst others to cover me for the international lounge & golfing benefits)..

 

[CardGame]

Well I was aiming for the wealth ... Should have put in my salary as 3L+ .. Seems this might be the only reason they offered me select with a limit of 4.25L ..

I'm confused if I should close the card post approval & reapply for wealth or just keep it (I have amex plat charge & Plat travel, SBI Aurum, Kotak white reserve & ICICI sapphiro amongst others to cover me for the international lounge & golfing benefits)..

Yea you are good with select for now as per your portfolio. But the hunger for a premium card never ends especially when it's LTF and many people are getting their hands on it easily 😅

 

[SSV]

Well I was aiming for the wealth ... Should have put in my salary as 3L+ .. Seems this might be the only reason they offered me select with a limit of 4.25L ..

I'm confused if I should close the card post approval & reapply for wealth or just keep it (I have amex plat charge & Plat travel, SBI Aurum, Kotak white reserve & ICICI sapphiro amongst others to cover me for the international lounge & golfing benefits)..

So this is for select card?? I thought it was for the wealth..
If you have select card it is very difficult to get wealth card upgrade.
Don’t activate select card after you received it..
They might call you to retain and then ask for wealth. Otherwise we will try for wealth another time..

 

[SSV]

Yea you are good with select for now as per your portfolio. But the hunger for a premium card never ends especially when it's LTF and many people are getting their hands on it easily 😅

I got it with 2.31 L plat travel.. 4 months old.
But my CIBIL was around 800 and I was NTB too that time. It’s fairly easy for me and for many

 

[ray8285]

Yea you are good with select for now as per your portfolio. But the hunger for a premium card never ends especially when it's LTF and many people are getting their hands on it easily 😅

A big mistake ... Should have read the thread before applying for the card & put in the salary as 3l+ .. TBH, while applying I did not think IDFC will offer me even the "select" ..... given that they rejected all my previous applications & offered me the wow card !

 

[CardGame]

I got it with 2.31 L plat travel.. 4 months old.
But my CIBIL was around 800 and I was NTB too that time. It’s fairly easy for me and for many

It seems they care more about credit age than existing card limits for offering wealth.

Friend A with 12L limit on other cards with 2 yrs age can't see wealth
Friend B with 4.1L limit with 9yr age got wealth easily.

Both are self employed but entered salary as 3L and filled all details similar to the other.

It's still random and subjective but just my observation.

 

[ray8285]

So this is for select card?? I thought it was for the wealth..
If you have select card it is very difficult to get wealth card upgrade.
Don’t activate select card after you received it..
They might call you to retain and then ask for wealth. Otherwise we will try for wealth another time..

Yes & i'm really bummed about it.. The limit IDFC offered was just about acceptable hence I went ahead with the VKYC but reading this thread makes me feel it was a mistake ! Should have put in the salary as 3L+ ...

I got it with 2.31 L plat travel.. 4 months old.
But my CIBIL was around 800 and I was NTB too that time. It’s fairly easy for me and for many

My Plat Travel is 4 years old with a limit of 2.8L .... Went with salary of 2.21L & Kotak White with 6.75L since they did not have option to put in white reserve, only to be offered select with 4.25L ! However I'm not NTB & Cibil is 778

 

[ray8285]

It seems they care more about credit age than existing card limits for offering wealth.

Friend A with 12L limit on other cards with 2 yrs age can't see wealth
Friend B with 4.1L limit with 9yr age got wealth easily.

Both are self employed but entered salary as 3L and filled all details similar to the other.

It's still random and subjective but just my observation.

My credit age is 19 Years & The Kotak card account is 10+ years old with a limit of 6.75L !!!!!!.. Gotta be the salary input which downgraded me to the select from a possible wealth ! Also, I should have put in Amex, but I decided against it because of the low limit ..

 

[CardGame]

My credit age is 19 Years & The Kotak card account is 10+ years old with a limit of 6.75L !!!!!!.. Gotta be the salary input which downgraded me to the select from a possible wealth ! Also, I should have put in Amex, but I decided against it because of the low limit ..

With this profile you definitely missed wealth. Better don't activate select and ask wealth during activation/retention call. If denied, let them close it.

 

[SSV]

Yes & i'm really bummed about it.. The limit IDFC offered was just about acceptable hence I went ahead with the VKYC but reading this thread makes me feel it was a mistake ! Should have put in the salary as 3L+ ...


My Plat Travel is 4 years old with a limit of 2.8L .... Went with salary of 2.21L & Kotak White with 6.75L since they did not have option to put in white reserve, only to be offered select with 4.25L ! However I'm not NTB & Cibil is 778

My credit age is 19 Years & The Kotak card account is 10+ years old with a limit of 6.75L !!!!!!.. Gotta be the salary input which downgraded me to the select from a possible wealth ! Also, I should have put in Amex, but I decided against it because of the low limit ..

I have put only 2L salary and I still got it.
In my case , NTB and excellent CIBIL which is 5 year old played a big role

 

[ray8285]

Don’t activate select card after you received it..
They might call you to retain and then ask for wealth. Otherwise we will try for wealth another time..

IDFC being IDFC, the only thing that worries me is that if they go back to offering me the not so "Wow card" after closing select 😬

 

[SSV]

IDFC being IDFC, the only thing that worries me is that if they go back to offering me the not so "Wow card" after closing select 😬

Don’t worry, you will get Wealth in the next 3 to 6 months..
If you keep select you won’t get Wealth in 3 to 6 years also

 

[ray8285]

I have put only 2L salary and I still got it.
In my case , NTB and excellent CIBIL which is 5 year old played a big role

Touché.. anybody's guess it seems.. and all this time I thought that not inputting the 3L+ was the only factor that did not get me the wealth !

 

[RohitSah]

I have put only 2L salary and I still got it.
In my case , NTB and excellent CIBIL which is 5 year old played a big role

Did you directly applied through the website or used any refferal link?

 

[CardGame]

IDFC being IDFC, the only thing that worries me is that if they go back to offering me the not so "Wow card" after closing select 😬

Bring some luck next time! That's what helps a lot of people with these bank's algorithms 😅

 

[CardGame]

Did you directly applied through the website or used any refferal link?

Referral doesn't affect card eligibility & approval decisions. It's a myth

 

[ray8285]

Don’t worry, you will get Wealth in the next 3 to 6 months..
If you keep select you won’t get Wealth in 3 to 6 years also

Will try the retention route first ... Keeping my fingers crossed for the approval to happen first though ...

Can you tell me if I can apply straight away with a different number in case they decline the application ??

 

[RohitSah]

Referral doesn't affect card eligibility & approval decisions. It's a myth

I’m going to applying for the wealth card now…any tips for the application?