shariqAzim
TF Buzz
Hey folks help me understand, can banks just retain/block my credit limit even after i close my card? Shouldn't it be available for any other banks card to use from a general limit/leverage.
Back story:
I had a hdfc credit card which was worthless until jan 25, i applied hdfc pixel play which was somewhat worthless. I had closed the hdfc primary card few days after applying for pixel. And transferred 3 lakhs to pixel (as it was my primary card now)..
I closed my pixel card last week, now pixel aren't releasing the limit, rather saying it would be transferred only to a hdfc credit card (which sadly i dont have now).
At this point I don't have any cards from hdfc. And my credit leverage of 3 lakhs is lost because of this policy.
Question now is:
Can hdfc block and eat away the credit leverage like this or can i do something to get it resolved in my favour? Or am i wrong in understanding how credit leverage works or how it gets available for other institutions to use?
Asked this previously too without much help
https://www.technofino.in/community...whereas-it-should-be-available-for-all.42094/
Back story:
I had a hdfc credit card which was worthless until jan 25, i applied hdfc pixel play which was somewhat worthless. I had closed the hdfc primary card few days after applying for pixel. And transferred 3 lakhs to pixel (as it was my primary card now)..
I closed my pixel card last week, now pixel aren't releasing the limit, rather saying it would be transferred only to a hdfc credit card (which sadly i dont have now).
At this point I don't have any cards from hdfc. And my credit leverage of 3 lakhs is lost because of this policy.
Question now is:
Can hdfc block and eat away the credit leverage like this or can i do something to get it resolved in my favour? Or am i wrong in understanding how credit leverage works or how it gets available for other institutions to use?
Asked this previously too without much help
https://www.technofino.in/community...whereas-it-should-be-available-for-all.42094/
