Closing all sort of relationship with a bank

[CyberPsych]

If I close all sorts of accounts (savings, current, credit, loan, etc accounts) with a specific bank, will they delete all my data from their servers? If yes, how long it will take?

If I apply for a credit card or load after, say 180 days, will I be considered as a new customer or customer with existing relationship because there is history of relationship?

 

[AritraSaha]

Should I open Liberty account only? Can I go and open an normal savings account through branch? Liberty needs 25K minimum balance, normal savings account needs 10K only (confirmed by visiting the branch)

750*4+500*11+1000*1-17.7*4-354=9075rs per year

Will be the benifit with liberty 🗽 account.

 

[the_dark_knight]

Okay do this , in this order…

1) close your FK card immediately I.e tomorrow..
It’s a waste card anyway that too you have it as paid

2) open a liberty sb account online tomorrow itself..

3) wait for pre approved offers. You would most likely get them in around 1 month..

apply thru Airtel app, you will get it definitely…

Before closing FK, take any axis basic core card thru CC .. this will definitely help you in getting Airtel card

panda bhai MBBS 's prescription. What if your medicines don't work?

 

[the_dark_knight]

750*4+500*11+1000*1-17.7*4-354=9075rs per year

Will be the benifit with liberty 🗽 account.

How?
Also these spends can be cc bill payments through paytm, mobikwik etc?

 

[AritraSaha]

panda bhai MBBS 's prescription. What if your medicines don't work?

A 3 page long essay on human emotions, credit card industry, marketing tactics, with "i am sorry, I couldn't help you" will be given to the customer..🙂

 

[the_dark_knight]

750*4+500*11+1000*1-17.7*4-354=9075rs per year

Will be the benifit with liberty 🗽 account.

Saw the liberty thread...
I think 750*4 is the only practical benefit here ... which doesn't have any merchant restriction as such, so assuming cc bill payment would work.

This 500*11 is not at all a lucrative offer even if it is 5% cashback up to 500 on selected categories. What are credit cards useful for then? Enough competition in the market for this.
Plus the added headche for meeting the monthly milestone as well to waiver the nmc fee
For someone not having credit cards or only a few of them, this account could be beneficial.

 

[CyberPsych]

do wallet transfers etc for 60k in a quarter, you will get 750 GV..

So, if I load 25K to Amazon/Mobikwik wallet per month (75k per quarter) with the provided Axis debit card (thus no conv. fee) and then transfer it again to bank from wallet, it is taken into consideration and I can get both NMC waiver and ₹750 per quarter? I don't think so, this is easy. I am missing something.

 

[NShah]

So, if I load 25K to Amazon/Mobikwik wallet per month (75k per quarter) with the provided Axis debit card (thus no conv. fee) and then transfer it again to bank from wallet, it is taken into consideration and I can get both NMC waiver and ₹750 per quarter? I don't think so, this is easy. I am missing something.

Y e s
Bahut Simple formula hai
Also CC bill payments and UPI payments to merchant

 

[SSV]

So, if I load 25K to Amazon/Mobikwik wallet per month (75k per quarter) with the provided Axis debit card (thus no conv. fee) and then transfer it again to bank from wallet, it is taken into consideration and I can get both NMC waiver and ₹750 per quarter? I don't think so, this is easy. I am missing something.

Wallet loads using DC count towards both the milestones

 

[Pankhuri]

yes you will be considered
also try calling axis cc and asking them to issue axis airtel on a split limit basis or convert your existing card to airtel

They taking such requests? Any success stories?

 

[Pankhuri]

Before closing FK, take any axis basic core card thru CC .. this will definitely help you in getting Airtel card

Have a core card with Axis and with enough limit to qualify for magnus upgrade, still not getting anywhere in airtel app for airtel card. Anything I can do to change odds in my favor? Don't have a banking relationship with axis.

 

[SSV]

Don't have a banking relationship with axis.

——>

Because having both deposit and credit accounts clears the path to get any other new credit products

. .

 

[Pankhuri]

So, if I load 25K to Amazon/Mobikwik wallet per month (75k per quarter) with the provided Axis debit card (thus no conv. fee) and then transfer it again to bank from wallet, it is taken into consideration and I can get both NMC waiver and ₹750 per quarter? I don't think so, this is easy. I am missing something.

Wallet to bank transfer don't attract any fee? If true then this account is a really good prospect. Haven't used any wallets so have no idea how much money rotation b/w wallet and bank cost.

 

[NShah]

Wallet to bank transfer don't attract any fee? If true then this account is a really good prospect. Haven't used any wallets so have no idea how much money rotation b/w wallet and bank cost.

No fee free of cost
Use Amazon
Mobikwik
Amazon pay
U can aslo use UPI

 

[CyberPsych]

Wallet to bank transfer don't attract any fee? If true then this account is a really good prospect. Haven't used any wallets so have no idea how much money rotation b/w wallet and bank cost.

Credit card to wallet has convience fee. Debit card or UPI to wallet has no charges. AFAIK, PayZapp wallet is the only thing that charges to transfer from wallet to bank (though wallet loading is free of charge in PayZapp)

 

[SSV]

So, if I load 25K to Amazon/Mobikwik wallet per month (75k per quarter) with the provided Axis debit card (thus no conv. fee) and then transfer it again to bank from wallet, it is taken into consideration and I can get both NMC waiver and ₹750 per quarter? I don't think so, this is easy. I am missing something.

When done excessively by everyone , axis may exclude wallet loads as an eligible item for both the milestones .. I am not worried anyway

 

[SSV]

Credit card to wallet has convience fee. Debit card or UPI to wallet has no charges. AFAIK, PayZapp wallet is the only thing that charges to transfer from wallet to bank (though wallet loading is free of charge in PayZapp)

That is why Paytm removed DC loading option for some../ others also may follow the same path in future

 

[CyberPsych]

When done excessively by everyone , axis may exclude wallet loads as an eligible item for both the milestones .. I am not worried anyway

I don't mind getting ₹750 per quarter, my main hurdle is maintaining 25K. I guess I need to split wallet loads to every week and between debit card &, upi and achieve 25K spend per month

 

[Heisenberg37]

If I close all sorts of accounts (savings, current, credit, loan, etc accounts) with a specific bank, will they delete all my data from their servers? If yes, how long it will take?

If I apply for a credit card or load after, say 180 days, will I be considered as a new customer or customer with existing relationship because there is history of relationship?

Yes they save your cust id for 10 years ( for HDFC)
Most likely all banks do the same

 

[simplegarv]

If I close all sorts of accounts (savings, current, credit, loan, etc accounts) with a specific bank, will they delete all my data from their servers? If yes, how long it will take?

If I apply for a credit card or load after, say 180 days, will I be considered as a new customer or customer with existing relationship because there is history of relationship?

No, as per the government rules and regulations banks are required to hold the data for 3 years and the banks retains the data of Customer ID for forever.

 

[rohant]

Before knowing about credit cards, I applied for FK Axis (paid). Now GPay Ace application shows me "you already have a relationship with Axis, please apply from website". Atleast this can be acquired by a savings account and pre-approved offer.

For Airtel axis, no matter what method I try, it shows incorrect information at the end. I guess they are checking against my PAN and throw this error because I have existing relationship. My cousin and one of my friend applied for it (they don't have any relationship with Axis) and got it through. So, if I close my FK Axis (my only relationship with Axis) and apply for Ace/Airtel after 180 days for worst case, will I be still considered under "existing relationship customer"?

I dont think we (who do not have relationship with Axis i.e. saving A/C) have any customer id with them; only some temporary id.