How I doubled my HDFC credit card Limit!

[suhailmz]

Hi All,
I wanted to share my experience of enhancing the credit limit of my HDFC credit card, which hasn’t been an easy task.
My credit limit was today enhanced from 3.48 lakh to 6.96 lakh.

Background:
I have my oldest credit card with HDFC, which is about 7 years & I hold a salary account with the same period. My initial limit on the card back in 2015 was 23000 approx. Although, HDFC has been proving limit enhancement offers from time to time, it usually took 1-2 years for the offer and the new limit too was not that high.

Last year, in September, I got a LE offer 2.5 lakh to 3.48 and I took it. However, I wasn’t happy & decided to do something about it.
I sent few limit enhancement forms, along with my salary slips, which were rejected & I was asked to provide a FD Lien proof, which made no sense ( My income surely qualified for a higher limit).

Here’s what I did that might have helped me get the offer:

1) Got my basic salary account upgraded to Preferred through RM’s help

2) Applied for HDFC Life insurance ( Not because I wanted LE, but I had to take a policy anyway, and decided to go with HDFC)

3) Shifted my expenses to HDFC card & increased my utilisation from 5-10% upto 30-40% for 4-5 months in a row

4) Started to park some money in my HDFC savings account, which usually has very less balance as I transfer money to a different account, usually within 1st week of the month. I started to park 1-2 lakh

5) Applied for upgrade to DCB card, which was eventually rejected as my limit on current Regalia card was less, & the nodal office support executives asked me to wait for limit enhancement offer to get the upgrade.

6) Activated AutoPay for bill payment in HDFC mobile app

7) Signed for the notification to make sure I don’t miss the limit offer

8) Needless to say, paid all my dues before time

To sum up the above, I focused on building a good relationship with HDFC bank & letting them know I am using their products & services, and they should not forget me

While the above pointers might not guarantee a good LE offer, you can try and see if it works for you. Happy that it did for me , and I hope you too receive the offers soon

Thanks,
Suhail

 

[sv004]

Hi All,
I wanted to share my experience of enhancing the credit limit of my HDFC credit card, which hasn’t been an easy task.
My credit limit was today enhanced from 3.48 lakh to 6.96 lakh.

Background:
I have my oldest credit card with HDFC, which is about 7 years & I hold a salary account with the same period. My initial limit on the card back in 2015 was 23000 approx. Although, HDFC has been proving limit enhancement offers from time to time, it usually took 1-2 years for the offer and the new limit too was not that high.

Last year, in September, I got a LE offer 2.5 lakh to 3.48 and I took it. However, I wasn’t happy & decided to do something about it.
I sent few limit enhancement forms, along with my salary slips, which were rejected & I was asked to provide a FD Lien proof, which made no sense ( My income surely qualified for a higher limit).

Here’s what I did that might have helped me get the offer:

1) Got my basic salary account upgraded to Preferred through RM’s help

2) Applied for HDFC Life insurance ( Not because I wanted LE, but I had to take a policy anyway, and decided to go with HDFC)

3) Shifted my expenses to HDFC card & increased my utilisation from 5-10% upto 30-40% for 4-5 months in a row

4) Started to park some money in my HDFC savings account, which usually has very less balance as I transfer money to a different account, usually within 1st week of the month. I started to park 1-2 lakh

5) Applied for upgrade to DCB card, which was eventually rejected as my limit on current Regalia card was less, & the nodal office support executives asked me to wait for limit enhancement offer to get the upgrade.

6) Activated AutoPay for bill payment in HDFC mobile app

7) Signed for the notification to make sure I don’t miss the limit offer

8) Needless to say, paid all my dues before time

To sum up the above, I focused on building a good relationship with HDFC bank & letting them know I am using their products & services, and they should not forget me

While the above pointers might not guarantee a good LE offer, you can try and see if it works for you. Happy that it did for me , and I hope you too receive the offers soon

Thanks,
Suhail

Did u pay ur dues before bill generation

 

[suhailmz]

Did u pay ur dues before bill generation

Sometimes, mostly I paid immediately after bill generation.

 

[Slayer]

Hi All,
I wanted to share my experience of enhancing the credit limit of my HDFC credit card, which hasn’t been an easy task.
My credit limit was today enhanced from 3.48 lakh to 6.96 lakh.

Background:
I have my oldest credit card with HDFC, which is about 7 years & I hold a salary account with the same period. My initial limit on the card back in 2015 was 23000 approx. Although, HDFC has been proving limit enhancement offers from time to time, it usually took 1-2 years for the offer and the new limit too was not that high.

Last year, in September, I got a LE offer 2.5 lakh to 3.48 and I took it. However, I wasn’t happy & decided to do something about it.
I sent few limit enhancement forms, along with my salary slips, which were rejected & I was asked to provide a FD Lien proof, which made no sense ( My income surely qualified for a higher limit).

Here’s what I did that might have helped me get the offer:

1) Got my basic salary account upgraded to Preferred through RM’s help

2) Applied for HDFC Life insurance ( Not because I wanted LE, but I had to take a policy anyway, and decided to go with HDFC)

3) Shifted my expenses to HDFC card & increased my utilisation from 5-10% upto 30-40% for 4-5 months in a row

4) Started to park some money in my HDFC savings account, which usually has very less balance as I transfer money to a different account, usually within 1st week of the month. I started to park 1-2 lakh

5) Applied for upgrade to DCB card, which was eventually rejected as my limit on current Regalia card was less, & the nodal office support executives asked me to wait for limit enhancement offer to get the upgrade.

6) Activated AutoPay for bill payment in HDFC mobile app

7) Signed for the notification to make sure I don’t miss the limit offer

8) Needless to say, paid all my dues before time

To sum up the above, I focused on building a good relationship with HDFC bank & letting them know I am using their products & services, and they should not forget me

While the above pointers might not guarantee a good LE offer, you can try and see if it works for you. Happy that it did for me , and I hope you too receive the offers soon

Thanks,
Suhail

HDFC Ergo Optima Restore is one of the best health insurance policies in the market

 

[suhailmz]

HDFC Ergo Restore is one of the best health insurance policies in the market

Yes it is, although I didn’t take health insurance, rather the life insurance policy. But it’s good undoubtedly.

 

[Slayer]

Yes it is, although I didn’t take health insurance, rather the life insurance policy. But it’s good undoubtedly.

Are you aiming for Infinia?

 

[suhailmz]

Are you aiming for Infinia?

You got me

 

[Slayer]

You got me

Long term Infinia is decent but they don't like to issue fresh infinia to non-carded customers

 

[suhailmz]

Long term Infinia is decent but they don't like to issue fresh infinia to non-carded customers

Non carded as in?

 

[Dhruvit.S]

HDFC Ergo Optima Restore is one of the best health insurance policies in the market

Can you explain why?

 

[Slayer]

Non carded as in?

Non-carded for HDFC

Basically not an existing HDFC card holder

 

[suhailmz]

Non-carded for HDFC

Basically not an existing HDFC card holder

Oh, I see.

 

[Golden_owl]

Hi All,
I wanted to share my experience of enhancing the credit limit of my HDFC credit card, which hasn’t been an easy task.
My credit limit was today enhanced from 3.48 lakh to 6.96 lakh.

Background:
I have my oldest credit card with HDFC, which is about 7 years & I hold a salary account with the same period. My initial limit on the card back in 2015 was 23000 approx. Although, HDFC has been proving limit enhancement offers from time to time, it usually took 1-2 years for the offer and the new limit too was not that high.

Last year, in September, I got a LE offer 2.5 lakh to 3.48 and I took it. However, I wasn’t happy & decided to do something about it.
I sent few limit enhancement forms, along with my salary slips, which were rejected & I was asked to provide a FD Lien proof, which made no sense ( My income surely qualified for a higher limit).

Here’s what I did that might have helped me get the offer:

1) Got my basic salary account upgraded to Preferred through RM’s help

2) Applied for HDFC Life insurance ( Not because I wanted LE, but I had to take a policy anyway, and decided to go with HDFC)

3) Shifted my expenses to HDFC card & increased my utilisation from 5-10% upto 30-40% for 4-5 months in a row

4) Started to park some money in my HDFC savings account, which usually has very less balance as I transfer money to a different account, usually within 1st week of the month. I started to park 1-2 lakh

5) Applied for upgrade to DCB card, which was eventually rejected as my limit on current Regalia card was less, & the nodal office support executives asked me to wait for limit enhancement offer to get the upgrade.

6) Activated AutoPay for bill payment in HDFC mobile app

7) Signed for the notification to make sure I don’t miss the limit offer

8) Needless to say, paid all my dues before time

To sum up the above, I focused on building a good relationship with HDFC bank & letting them know I am using their products & services, and they should not forget me

While the above pointers might not guarantee a good LE offer, you can try and see if it works for you. Happy that it did for me , and I hope you too receive the offers soon

Thanks,
Suhail

HDFC sometimes makes no sense at all. Example

My father is hdfc imperia customer with average balance of around 10lac also have joint corporate premium CC with 6 lac limit also had taken 2-3 business loan upwards of 6Cr and paid them back and 2 car loans from them 1st 12lac lone closed in October 2022 and new 25lac loan in November 2022 .

but when he applied his first cc 1 year ago he got limit of 62000....but strange part i applied for my first CC 2 months before my father did . I am student with average balance of 2-3 lac and no credit score also no income but i got limit of 1lac...😅

They trust broke college student but don't trust 50 year man who earns 1cr a year

 

[Dhruvit.S]

HDFC sometimes makes no sense at all. Example

My father is hdfc imperia customer with average balance of around 10lac also have joint corporate premium CC with 6 lac limit also had taken 2-3 business loan upwards of 6Cr and paid them back and 2 car loans from them 1st 12lac lone closed in October 2022 and new 25lac loan in November 2022 .

but when he applied his first cc 1 year ago he got limit of 62000....but strange part i applied for my first CC 2 months before my father did . I am student with average balance of 2-3 lac and no credit score also no income but i got limit of 1lac...😅

They trust broke college student but don't trust 50 year man who earns 1cr a year

You're their upcoming customer. They've got all the money out they could from your father. Jokes apart, it's on their algorithm. No one can really judge. Congrats on your first credit card.

 

[Golden_owl]

You're their upcoming customer. They've got all the money out they could from your father. Jokes apart, it's on their algorithm. No one can really judge. Congrats on your first credit card.

😅😅 God knows but. But overall hdfc has good card portfolio and services . But there is one problem they dont report credit limit to any credit unions so. Whatever is your highest spend it's your credit limit . Because of that every time i check my score it shows high credit utilisation.. so i i had to get 2nd card . It's ICICI Amazon pay with 90k limit now it's very good card no nonsense get it and pay the bill you dont have to worry about it ever again ..

 

[Slayer]

😅😅 God knows but. But overall hdfc has good card portfolio and services . But there is one problem they dont report credit limit to any credit unions so. Whatever is your highest spend it's your credit limit . Because of that every time i check my score it shows high credit utilisation.. so i i had to get 2nd card . It's ICICI Amazon pay with 90k limit now it's very good card no nonsense get it and pay the bill you dont have to worry about it ever again ..

I will refute your statement of good card portfolio

There are only 2 good cards for HDFC

Millennia/Regalia

DCB/Infinia

 

[suhailmz]

HDFC sometimes makes no sense at all. Example

My father is hdfc imperia customer with average balance of around 10lac also have joint corporate premium CC with 6 lac limit also had taken 2-3 business loan upwards of 6Cr and paid them back and 2 car loans from them 1st 12lac lone closed in October 2022 and new 25lac loan in November 2022 .

but when he applied his first cc 1 year ago he got limit of 62000....but strange part i applied for my first CC 2 months before my father did . I am student with average balance of 2-3 lac and no credit score also no income but i got limit of 1lac...😅

They trust broke college student but don't trust 50 year man who earns 1cr a year

It’s the algorithm but I feel your father would be getting the limit increase offers soon, if not already. Usually banks don’t provide a huge limit to begin with. Also, hdfc is fairly generous with new customers

 

[suhailmz]

😅😅 God knows but. But overall hdfc has good card portfolio and services . But there is one problem they dont report credit limit to any credit unions so. Whatever is your highest spend it's your credit limit . Because of that every time i check my score it shows high credit utilisation.. so i i had to get 2nd card . It's ICICI Amazon pay with 90k limit now it's very good card no nonsense get it and pay the bill you dont have to worry about it ever again ..

You will get good limit enhancement offers on ICICI card shortly.

 

[Slayer]

It’s the algorithm but I feel your father would be getting the limit increase offers soon, if not already. Usually banks don’t provide a huge limit to begin with. Also, hdfc is fairly generous with new customers

I don't think so

Got offered a CL of 1L even though my existing highest CL is 3.5L

Total CL is 10L

 

[suhailmz]

I don't think so

Got offered a CL of 1L even though my existing highest CL is 3.5L

Total CL is 10L

Didn’t get you