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HDFC Super Premium Cards Eligibility Hiked!!!
- Thread starter Wealth_Magnet
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Sobirvs
TF Ace
This thread https://www.technofino.in/community...ard-tomorrow-strategy-tips.37259/post-1016097 was made and started by me and finally took me months and I got my brother's infinia approved and added myself as add on. I already use Infinia. Just that I am not the primary holder. I am wanting to upgrade myself to infinia too as that would mean twice the benefit for 5x/10x every month.
And someone telling me what I can get and what I cannot, save it please, I know what is what.
Again, I know chances of infinia is bleek, I am not saying I want hdfc to upgrade me from 3.45 to 8L and infinia. That's upto corp RM. My father gives alot of business (interest payments for cgtmse cc limit, POS trxns more than ~20cr annually), and we have tons of other hdfc products.
Even if there's 1% chance with corp RM, I'll take it, as I have nothing to lose anyways and this way it won't involve a CIBIL check aswell + my card tenure is 5 months.
And It doesn't matter if I can get DCBM or not, I am not interested. I have tasted Infinia's sweetness, so want that only. I can do 1cr FD too somehow, but that's ofc a huge financial loss and is not something a good financial move hence won't ever do that.
One thing is sure that corporate RM can do magic ! All the approvals ( exceptions) can be taken by BR ( bank representative) if the right guy buys your argument that you provide business to them . It’s all about who process your application and how well you represent your case . And corp RM are well connected and it’s easy for them to get approval in compare to branch representatives even sometimes BM . PS: got approvals for Infinia and EPM with 1.5L Net salary .
Isnt your brother’s case very standard, an almost sure shot way of getting infinia?
I am wondering what made you quote his case to compare with yours.
What’s your story of getting infinia and epm?
Sobirvs
TF Ace
No, I quoted his case coz first your reply and earlier reply before yours replied me in a way that made it look I hardly know anything abt infinia and 2nd even though it was standard, the whole case was handled by me and my brother has no clue abt infinia benefits. I sold him the idea of infinia with all the benfits but all he was interested in was a "metal" card, even if it didn't gave him any reward points, it doesn't matter to him.
I as an add on under my brother's infinia, I am the one who take full benefit of 49,500/1,12,500 spend benefit to get 5x/10x points limit to max out the rewards on infinia on his for my benefit.
Exactly, and tbh even you might not have the whole picture (I think you might), but corp RM's are very very damn powerful. They don't deal in individual cases, they work only and only B2B. These people are the one's who bring alot of business to HDFC. I am not talking about principle amount, I am talking about fees, penalty, interests, interest rates. They don't follow any policy, They can give interest rate of 6% or 8% or 12% or 16% for business loans of current account cc limit (I think 99% of the people don't even know what is current account cc limit in this forum). They give loans with or without collateral. Each RM has clients with portfolio of atleast 500cr. I am not talking abt client's portfolio, I am talking abt business that clients bring just to HDFC, not any other bank or any other entity. These clients are golden for HDFC. HDFC will give 10 infinia's sometimes even LTF to clients mother, brother, sister, who can even be unemployed and those infinia's would be totally unsecured and without any responsibility of the clients. That's how much corp RM's make sure they keep their clients happy. And I am not even talking abt tier 1 corp RM, I am talking about tier 3 hdfc corp RM. Tier 1 Corp RM I am guessing would have 3-4x client portfolio compared to tier 3's RM's portfolio.
And this portfolio is not savings account, or FD's, these are PURE AND PURE Loan account. Basically B2B. So pure green cash for HDFC So HDFC usually agree to Corp RM's requests for cards.
Now I am not saying the corp RM I am talking abt will get me infinia. I want infinia but I know to keep realistic expectations too. I still think 99% that he might not be able to get me infinia. May be he can get father infinia as long as whoever is the business owner(client). This RM even has power to get MDR rates changed for their clients business. He can get the MDR rate to even as low as 0.4% (1.6% is given to most new hdfc clients), 0.4% is an amazing MDR. These corp rm's are so powerful that branch BM's are kids in front of them. And the boss of these corp RM's are also damn powerful. Upon asking him how he can request infinia for me, he said he doesn't know anything abt infinia as he handles loan portfolio only for hdfc, but he can just put in a request to his boss who can get it through.
And it's not really a big deal though abt infinia, HDFC anyways give infinia for 1cr FD right? without cibil check etc. Now, a normal businessman/trader will have a cgtmse cc limit of 1-3cr easily and paying annual fees for cgtmse/interest/penalties etc etc, which is amazing return for HDFC, so these clients are 10x more interest to HDFC than a guy with savings account and 6% FD interest for 1cr deposit. So it surely is believable that these corp rm's can get infinia easily but given that you are in blood relation with a hdfc client who gives huge business to hdfc anyways.
Sobirvs
TF Ace
Very interest to know about EPM myself. I am in process to get dad's business to get POS with ICICI's TID because some top manufacturers (samsung, ifb etc) are now giving cashback/discount offers only on TID's with icici and not with generic pinelabs/rbl/hdfc combo. This saves money for both manufacturer and icici and these offers are only for icici cards.
I can promise them 2-5cr POS trxns, and in return if I can get EPM. Problem is business is not in my name, so not sure if that is even possible. But if icici wants business, that I can provide. Can even transfr cc limit to them given if they can give good rates + if they can match hdfc's MDR.
So I am interested what's your story for EPM. Tier 3 city's usually have very bad icici guy's, one of which works in wealth account management specific department and have no clue for epm and then they say we have this state head and north head living in delhi who isn't reachable, so I feel EPM's quite out my reach.
Received Infinia LTF helped by Corporate RM , shared here already . Similar process I followed for EPM and after some persuassion , they agreed .
A few years ago, they offered EP LTF for 300cr+ POS txn. Later, when EPM was introduced, they refused to hand these cards out.
Can you share the link for infinia ltf story?
Used to be. I was one of the early team members who built this internal payment reconciliation system, PG integration and auditing. Good old days. Clocked ~500cr ARR though.
Sobirvs
TF Ace
honestly I am not into LTF request, it's fine if paid. Can use it for waiver easily.
And omg 300 cr? damn. Lol.
This figure is nothing. A non-pan india clothes retailed I know that too from tier 3 city clocks this easily.
Also it's not really the amount though. Jewelers can easily do this as 300cr is just trxns, not profit lol, so ya, items which has huge ticket size can do this but ofc not per month but annually
Wait, not understanding, are u talking abt payment gateway business? in which they onboard merchants and then you are talking abt 500cr trxns or you are talking about total trxns of ONE Business?
I haven't tried LTF, as I feel I might go overboard with my request. If this corp RM get's me infinia, then may be I will try asking for LTF haha, I am already eating too mch of his brain every day
For EPM, man, icici really doesn't make it easy at all. This income requirement is the biggest headache. For infinia there are many other avenues for the same, not EPM. May be corp RM can have some tricks up his sleeves for EPM. Interestingly the HDFC Corp RM I am in touch with used to work with ICICI 4-5 yrs back for the same profession. I might try asking him contacts but for now, if he get's me infinia, that's more than what i would expect from him.
B2B sales. Merchants were buying from us.
yep. Our presence wasn't pan-India; it was limited to a few states in the North operating in tier 3/4+ cities. Had the potential to grow more, but bad decisions led to dust.
Please find all terms and conditions and approval process for all deviation on income / eligibility or spends conditions.
Edit : Confirmed with multiple sources and RM , this is 💯 percent genuine !
Just to clarify- Infinia Or Infinia Metal LTF? EPM LTF or Paid?
omg , these many struggles to get infinia ltf , I joined in a company around 2015, 1st time i got credit card of hdfc money back and my salary account also in HDFC, later it was upgraded to regalia automatically and in 2020/2021 i don't remember exactly , one afternoon I got a call from some bank person , i don't have classic account either and offered me free infinia LTF , i don't know exactly features of the card but what i know is it was premium care and i accepted , at that time my limit is below 10L , but while upgrading card, limit also enhanced to 11L something ,btw when i received infinia my salary is not even 10L PA 😀
You got lucky. Hdfc was issuing a lot of ltf infinias in 20-21.
Not the case anymore.
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