DCB LTF Diners Club Black Metal Credit Card

[dilbwagsingh]

I am currently having a decent relationship with HDFC bank. Had been maintaining quite a lot of balance in my savings account. I had previously tried getting DCB Metal as LTF but was refused straight up by the RM. Only recently when I started moving that money out to my SBI account and not maintain such high balance anymore my RM offered me a LTF DCB Metal upgrade over my regalia. But she is insisting me on purchasing a ULIP plan (HDFC life smart protect plan) which has a 5 year lock-in and premium she is insisting on is more than 1 lakh per annum. I did counter her saying I can work with a single time premium payment option plan (HDFC life insurance sampoorn nivesh) but not with a policy where I have to keep paying premiums for the coming 5 years. To which her reply is single time payment option plans will not be useful for your case escalation for DCB LTF.

My questions are -
1. What options do I have to better negotiate my case? Will taking directly to a branch manager work out better?
2. Are ULIP plans even worth it for getting a DCB Metal LTF? (P.S. - Already asked for Infinia LTF in return of the ULIP purchase but they said it is not possible)
3. Would moving towards 0 balance work out i.e moving all my money to SBI?

 

[NikhilG]

In this scenerio, if you aren't qualified for RG with income documents try spending through millennia and ask for upgrade based on spends

My diners millenia limit is 4.5 lakh. Don't know if I can satisfy their spends criteria. I'm following up via their grievances team, can I negotiate with them regarding fd based criteria. Maybe I can say if they give me dcb i will create a 20 lac fd ? What do you think?

 

[drabhishekladdha]

Any ULIP policy is NOT worth getting any credit card.

Note it down, bookmark it, save it, make it your wallpaper.

The money you'll make on your investments > the points you get from the credit cards.

So true...No ULIP for any credit card

 

[aniketkr.sharma]

My diners millenia limit is 4.5 lakh. Don't know if I can satisfy their spends criteria. I'm following up via their grievances team, can I negotiate with them regarding fd based criteria. Maybe I can say if they give me dcb i will create a 20 lac fd ? What do you think?

Spends matters in upgrade bro, they will not hear as far I read but also no harm in trying