Can I get any good good Credit card by Leveraging 15-20L in FD?

[tiny]

Ok to begin with I am not looking for a Secured CC. I already have few CC to begin with
HDFC Moneyback (50k) planning to close this CC as HDFC is not increasing my limit
AXIS ACE(75K)
AU XCITE(70K)
ICICI CORAL(70K)
ONE CARD (40K)
SBI CASHBACK
RBL SHOPRITE

Can I use 15-20L In FD as leverage for a new better CC. I dont have a income proof. And I am only looking for LTF CCs. Any advice will be appreciated

Started my CC journey approx 1 year ago

 

[zealsid]

Ok to begin with I am not looking for a Secured CC. I already have few CC to begin with
HDFC Moneyback (50k) planning to close this CC as HDFC is not increasing my limit
AXIS ACE(75K)
AU XCITE(70K)
ICICI CORAL(70K)
ONE CARD (40K)
SBI CASHBACK
RBL SHOPRITE

Can I use 15-20L In FD as leverage for a new better CC. I dont have a income proof. And I am only looking for LTF CCs. Any advice will be appreciated

I would suggest HDFC Infinia, you can get it by doing FD of 10 lacs with HDFC. LTF will depend on negotiations and your current relationship with HDFC bank. It is one best cards to get at this time and you can really enjoy all the benefits.

 

[sxchzy]

Ok to begin with I am not looking for a Secured CC. I already have few CC to begin with
HDFC Moneyback (50k) planning to close this CC as HDFC is not increasing my limit
AXIS ACE(75K)
AU XCITE(70K)
ICICI CORAL(70K)
ONE CARD (40K)
SBI CASHBACK
RBL SHOPRITE

Can I use 15-20L In FD as leverage for a new better CC. I dont have a income proof. And I am only looking for LTF CCs. Any advice will be appreciated

try and let us know as well

 

[Bugs Bunny]

Go to a tier 3 branch HDFC and ask for ltf infinia

 

[tiny]

Go to a tier 3 branch HDFC and ask for ltf infinia

is it possible ?

 

[Bugs Bunny]

is it possible ?

Definitely my friend.

 

[R@J]

Go to a tier 3 branch HDFC and ask for ltf infinia

Sounds interesting!! can you throw some light/tricks/negotiation points for that?

 

[Bugs Bunny]

Sounds interesting!! can you throw some light/tricks/negotiation points for that?

There isn't really a secret to it—just reach out to the manager and request an Imperia account with a 20L FD, paired with an Infinia LTF. If they're not responsive, mention that you're considering doing this at this XYZ branch for your convenience as other branches are offering the same. This should naturally pique their interest and engage them in your request.

 

[kshitij_0]

There isn't really a secret to it—just reach out to the manager and request an Imperia account with a 20L FD, paired with an Infinia LTF. If they're not responsive, mention that you're considering doing this at this XYZ branch for your convenience as other branches are offering the same. This should naturally pique their interest and engage them in your request.

What happens once you close the FD?
Coz permanently keeping 20L FD in a bank just for a CC is not worth it imo.

 

[tiny]

There isn't really a secret to it—just reach out to the manager and request an Imperia account with a 20L FD, paired with an Infinia LTF. If they're not responsive, mention that you're considering doing this at this XYZ branch for your convenience as other branches are offering the same. This should naturally pique their interest and engage them in your request.

what about sapphiro can I get it LTF ?

 

[Bugs Bunny]

What happens once you close the FD?
Coz permanently keeping 20L FD in a bank just for a CC is not worth it imo.

Assuming we have spare funds and wanted to anyway invest in an FD, we can choose to get a CC and not blocking hefty amount just for a cc.

 

[Dragon_slayer]

If you can do 30L FD, that will meet the MAB requirement for Axis Burgundy and qualify you for free Magnus CC

 

[tiny]

i

If you can do 30L FD, that will meet the MAB requirement for Axis Burgundy and qualify you for free Magnus CC

read somewhere on this from that you ca. open a Burgundy account with 5L

 

[Dragon_slayer]

i

read somewhere on this from that you ca. open a Burgundy account with 5L

Thats correct you can open with 5L, but you need to maintain the minimum requirement or they will downgrade your account

 

[R@J]

There isn't really a secret to it—just reach out to the manager and request an Imperia account with a 20L FD, paired with an Infinia LTF. If they're not responsive, mention that you're considering doing this at this XYZ branch for your convenience as other branches are offering the same. This should naturally pique their interest and engage them in your request.

Cool.... can an existing account be converted to Imperia easily (relaxed criteria) by maintaining some FDs?

I believe you can negotiate easily while opening a new account for initial funding.....not sure, if they do for existing accounts as well?

 

[Bugs Bunny]

Cool.... can an existing account be converted to Imperia easily (relaxed criteria) by maintaining some FDs?

I believe you can negotiate easily while opening a new account for initial funding.....not sure, if they do for existing accounts as well?

It is same for existing accounts as well. Once you start maintaining balance above 10L for 2-3 months you'd get the invite for imperia automatically

 

[Dragon_slayer]

There isn't really a secret to it—just reach out to the manager and request an Imperia account with a 20L FD, paired with an Infinia LTF. If they're not responsive, mention that you're considering doing this at this XYZ branch for your convenience as other branches are offering the same. This should naturally pique their interest and engage them in your request.

That isnt really the case, having an imperia account wont help in getting Infinia at all. The 20L FD might help to get infinia FYF, but its unlikely they will offer LTF.

 

[Bugs Bunny]

That isnt really the case, having an imperia account wont help in getting Infinia at all. The 20L FD might help to get infinia FYF, but its unlikely they will offer LTF.

Tier 3 branch can make it happen trust me.

 

[Riva]

If you can do 30L FD, that will meet the MAB requirement for Axis Burgundy and qualify you for free Magnus CC

Is Magnus still being given LTF to all burgundy customers? On the Burgundy page, it days select credit card.

 

[Dragon_slayer]

Is Magnus still being given LTF to all burgundy customers? On the Burgundy page, it days select credit card.

Today, we will know. As the offer starts from today only