This will continue till
......
2) banks gives cards without due diligence or being strict in issuing CC just to expand their CC market share. (eg. IDFC wealth requires annual income of 36 lakhs or more, how many folks do you think got it via this route? Instead, bank gave wealth card just on the basis of C2C method if your existing CC has 5 lakhs limit and everyone knows how generous is ICICI in giving LE). Adding to this, today even HDFC Infinia doesn't feels exclusive anymore, I won't be surprised if Infinia and many other premium credit cards also gets more devalued (read point 2 again)
Hehe..... I love how you've found an ingenious solution to the whole problem! TF members reading your post would get stuck for ever in that infinite Do loop, and can't get out to run after all those lucrative cards in order to exploit them to death! Problem solved! 🙂
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