Dhaval parihar
TF Select
a week back i applied for millenia ltf by an agent on whatsapp
Apay limit - 1.5 lac
Millenia limit 37k
How is this possible?
Apay limit - 1.5 lac
Millenia limit 37k
How is this possible?
-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
Lesser limit than the card applied on the basis of
- Thread starter Dhaval parihar
- Start date
You may get 1:1 limit, but it is not guaranteed.
As per rbi master directive
As holding several credit cards enhances the total credit available to any consumer, card-issuers shall assess the credit limit for a credit card customer taking into consideration all the limits enjoyed by the cardholder from other entities on the basis of self-declaration/credit information obtained from a Credit Information Company, as appropriate. This shall be uniformly applied as per the board approved policy of the card-issuer.
As per rbi master directive
As holding several credit cards enhances the total credit available to any consumer, card-issuers shall assess the credit limit for a credit card customer taking into consideration all the limits enjoyed by the cardholder from other entities on the basis of self-declaration/credit information obtained from a Credit Information Company, as appropriate. This shall be uniformly applied as per the board approved policy of the card-issuer.
Dhaval parihar
TF Select
maybe i should have given them other card statement like icici platinum or kotak league
Chimera-san
TF Select
You should have opened an account, get preapproved offer, then you could have closed the account.
Chimera-san
TF Select
Also, these sales agents who call and exchange info on watsapp are shady and promise you everything just to sell that card.
Dhaval parihar
TF Select
Ive called the customer care and they have raised a complaint
1:1 limit is usually applicable for Core-banking CC. As Apay card is a co-branded card so most of the time 1:1 limit conversion doesn’t happen. In my case HDFC did the same thing.
Dhaval parihar
TF Select
Yaaar i should have applied through icici platinum / kotak league
Don’t worry. If you use the card properly (within 30-35% utilisation ratio) then HDFC will provide good LE within 7-8 months.
Dhaval parihar
TF Select
What if i cancell this and reapply again
credit enquiry again,
First ,mail CC and get confirmation that its LTF...
then you have 2 options:
1. visit branch and ask CC dept to increase the limit on account of your ITR (if salaried). you may need to share your previous year ITR as proof which might help you in increase the CL
2. keep using the card under 3k each month to maintain CUR by using it on zomato/swiggy/uber i.e. where the transaction costs are lower and total remains under 3k, HDFC usually give LE quicker than other banks if card is used every month and bill is paid on time
Don't think about cancellation as it is LTF. You may not receive a LTF card if you cancel and reapply for HDFC card. HDFC has very good track record to give LE regularly. So use the card wisely you will surely have good LE in near future.
Similar threads
- Question
