Avatar Aang
TF Ace
there's no amb for Infinia.
For savings account programs. It's 1L for Classic. 2L for preferred. 10L for Imperia. 25L for Imperia global.
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Infinia From ₹1 Cr FD to Infinia CC: The Upgrade
- Thread starter Hackmebro
- Start date
- Replies 156
- Views 3K
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- Tags
- got infinia infinia upgrade
For savings account programs. It's 1L for Classic. 2L for preferred. 10L for Imperia. 25L for Imperia global.
So? He could have continued it for a year or two if he wanted. That was his choice. He obviously has some better use for the money. I personally can easily leave 1 crore lying with a bank for a few years but if he had a better use then, obviously he would have understood that the benefit is more than losing 30k in interest
Why not? Point is the value one perceives from the money spent. I might think spending 8 lakhs on an 85 inch OLED is good value while others woukd argue that a 50k TV would equally serve the purpose. In my case, I use lounges abroad 20 to 30 times a year and domestically quite often as well. Simply having unlimited access without worry alone is worth paying 30k per year for me.
@NikhilG 50 days ki FD @4.25% banakar, 100 days tak 2 baar compound karwa kar, FD bandh karwa denge. Tab tak Infinia milna hoga toh woh bhi mil jayega. Nahi toh 100 days ki FD ke poore returns lekar HDFC se baahar..
NikhilG
TF Premier
I guess ek saal ki karwai hogi minimum hdfc valo ne
Why would they have a say in that?
NikhilG
TF Premier
Because they know people would want to break the fd after getting the card and they get an excuse to put a 1 percent penalty on interest. @Hackmebro said he broke the fd and didn't complete it so it might be longer duration maybe an year or six months. Rest, I would let him confirm.
@Hackmebro will be able to clarify better..but this doesnt make sense. One can always open SA with said amount, and after a week or so, convert all that amount into an FD of suiatable duration through App. Bank ka koi lena dena hi nahi hona chahiye.
JAM
TF Select
Would have is not the same as have right ? When you are thinking about acquisition cost and interest lost etc over a short period of time thats from your personal perspective and you would be right in that but we don't have any of OP's context to make a judgement. He could be worth 50cr making an FD for the card or he could be worth 0 borrowing money to make this FD for the card.
Once you cross a certain threshold of money these small amount and percentages are meaningless.
Arey his only point is that while the cost of acquisition, per this strategy, would still be the same, it would hurt some lesser than the other. Nothing wrong with this general observation.
NikhilG
TF Premier
But, isn't it obvious?
Purchasing power would be different for every individual, how does it make a difference to our discussion?
Breathe in, breathe out!
JAM
TF Select
Brother purchasing power means what you can buy with a set amount of money which in our case in india is the same. Having more or less money doesn't change "purchasing power" . I am unaware of any other usage of purchasing power.
I am referring to the value of money to an individual. To you 1 lakh maybe significant to somebody with 5 cr 10cr it may not be. So in this case I'm referring to marginal utility of money.
Would have is not the same as have. Lot of people can be asset rich and cash poor especially in the "real estate + gold" culture we have. OP already has 1 cr liquid.
lol me? xD
