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For people who have a good NRV with the bank, the qualifying criteria would be less. If someone has high NRV, but a low credit score or something and is seen as a risk, they'll go back to the original criteria so that they can reject them.

Been showing only as FYF for me. How to get it to be LTF ?

What is the value of each point?

The money made by banks on card fee is negligible and insignificant. In the CC business, most of the money is made by the MDR. Cards with higher fee are targeted at affluent people and the offers are given so that they spend more using the card.

Awesome!

Those who got the upgrade to infinia in recent times, is the criteria both spends and high credit limit? My last LE on the DCB put me has put me over the infinia base limit, but thanks to magnus, the spends on DCB is negligible.

Does HDFC allow holding DCB and infinia, since they're on separate networks?

Cobranded cards are usually not upgradeable, unless there's a higher variant with the same brand.

1 & 2 should not be in this list as it has got nothing to do with magnus and are just reasons for you to take DCB. 3 is irrelevant because even without the 1 lakh milestone bonus, the base reward rate of Magnus (for airmiles) is more than DCB. 4 is silly because you get vouchers worth the...

Good riddance

what? how?

You cannot pay CC bills from wallet.

It's 3x rewards. The base reward is 3.3 and so 3x becomes 9.9 which is ~10%. Two things: - At checkout there is a 2.5% + GST and so total reward is somewhere around 7%, which is still more than almost every card. - There's a capping of 5k per month. You can't purchase coupons worth more...

Doesn't make any difference. Say old card has redemption value of 2RP = 1Re and you had 1000 RP, and you're trying to upgrade to a card where 1RP = 1Re, they'll convert the 1000 RP into 500 RP. Before upgrade you had RP worth 500Rs and after upgrade also you'll have RP worth 500 Rs.

Oh. Maybe they have different deals/packages with the merchants based on the MDR.

For me, it was accepted in around 90% of the places in Bangalore. Most places had somewhat new POS machines like the touchscreen one from pinelabs and paytm, or some other new one that had an HDFC branding on it. Worked on some of the older POS machines too, but some others like the very old...

No. In your current billing cycle, regular transactions -> 17.5k purchase something -> 30k EMI conversion -> -30k EMI 1 -> 5k. Total = 22.5k Available credit limit = 75k - 30k - 17.5k In your next 5 billing cycle, regular transactions -> x EMI n -> 5k Available credit limit = 75k - (30...

When the billing happens, there'll be two additional transactions. one will do a credit of 30k and one will do a debit of the first EMI (5k). So the bill would be 47.5k - 30k + 5k = 22.5k.

No. 30% will be 22500 itself. Of which 5k will go as EMI. So, you'll have 17500 remaining for other expenses before you reach the 30% CUR.

Had a similar experience, but for a different reason. The site showed DECLINE, but they wanted address proof. Submitted it at the nearest branch, with the same application number and within a few days the DECLINE became APPROVE. So when it comes to HDFC, the status being DECLINE doesn't...