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My new RM offered to upgrade my Regalia LTF to Infinia 12.5k+gst, after some thinking I asked him if its LTF then I will take it otherwise no.
He was so desperate for cross selling insurance etc, wanted my portfolio to be reviewed by experts & blah blah, He asked he would visit my home, or I can visit his branch location (its just 2-3 km), he was even ready for meeting at nearby CCD etc for actual Chai-kofi stuff.
But in the end I just asked him & his team to explain on call, WA/mail & then refused after 2 days saying I got it covered already.
Never had the experience to have such high value bank accounts.
I am not sure what benefits Infinia offers now after all the devaluation over recent months but for the time being, you can try for SC ultimate which is lot easier to get. Offers flat 3.33% rewards for every and any transaction, including rent payments and offline transactions. Hiccup - can’t redeem points against balance.
The main question is, why do you even want infinia so badly in the first place. Why does it matter whether you get infinia or not if you are not earning enough in the first place? Someone I know has crores in assets & dozens of lakhs in bank accs & he has never even owned a credit card. If you get infinia would you consider yourself better than that person, if yes then nothing more to say & if no then there is your answer.
REMOVED infinia , its not that great
Rewards are devalued so much , only option to get full benefit is travelling and hdfc jacks up almost every fare/bookings . And no one buys that crap apple or Tanishq voucher for 1:1 benefit
Amazon SB is gone which was the main purpose of this card
If you convert to cash RP it is merely 1% , vouchers less than 2%
Axis ace is a much better choice
Heck I was getting more CB+ vouchers when on Millennia
Get it if you only have LTF offer or travel 5-6 times via air in a month
Now infinia is only available in metal edition & not LTF.
imperia is not only criteria for Infinia, same thing done by cousin kept 10-15 lacs and got Imperia but they denied upgrading to Infinia based on Imeria, they clearly said it depends on income alone so HDFC is lier
All credit cards are myth, what u earn is peanuts when compared to needs in life, better concentrate on equity with those few lacs it(exp/knowledge) will help u forever; u can earn in one day thru stocks what u earn thru all these cards in a year after so much low class labor(apply this cupon/click here there/wait for RP/reconcile RP/call CC escalate CC..labor)
CC are just fun so have it if u are eligible else ignore
I do have many cards not Infinia but DCB
If u still insist do this: keep using each and every thing of HDFC like SB/CC/Payzapp/Paylater/personalloan/FD/Demat..all in ur limits u will get upgrades very fast CC spends need to be going up yoy
I too thought the same buddy when I was invited to Preferred banking. No point being loyal to the bank. Also, Infinia has devalued a lot and so will be fate of several credit cards in near future.
Don't keep that amount in bank, invest at a better place. If you've salary account with them, there's literally less or no difference in benefits between Preferred banking and salary account.
Many who have had premium Banking, not only in HDFC, be it icici, idfc or others, can you tell me your experience is it worth striving for the highest account in the respective bank. What are your comforts, learnings and hacks for keeping the ultimate bank accounts.
The only thing which I feel is nice about having premium banking, I can move things a bit faster.
eg. I need to group a family member, call RM.. tell him to do within a day or two as it is urgent, if he fails.. call up imperia support and tell him RM couldn't help please do fast, they get it done quite fast. Next time RM calls, tell him you failed me.. it helps me when I need his support next time.
There are several such tasks, be it cheque pickup from my home or get a DD done.. I can twist things a bit easier.
Now I will try to be honest. There's no end to this want. So don't try to reach any such targets. It will come automatic if you can progress in life. Also remember more you get into premium banking, I am sure more the bank will expect things from you which might be useless from your perspective, so more pesky calls.
It's a psychological hack for most part.
They (banks) offer you premium banking feature (different colour cards, cheques, net abnking) just to mark & lure you into selling their ULIPS & MFs.
Most certainly premium banking tag has higher loan rates compared to regular banking since you are their "HNI" customer who wouldn't ask questions or do background check or cross question them about the loan rates or certain feature of any product.
If you want just for the stamp - take any.
If you want answer to any query regarding the premium feature of the bank, then be specific.
I am now (premier) banking with HDFC, ICICI, Standard Chartered & IndusInd.
Pre-Covid (before March, 2020) I was with HSBC, DBS and Citibank.
Infinia is my main card & would continue to be (Not LTF - I don't understand the infatuation with LTF tbh).
Not worth...I have Wealth account in IDFC but I don't see any benefits of that from the normal account...Th debit card I got is a Visa Infinite Wealth debit card but then again what's the benefit of it...Better to just keep the minimum AMB in the private banks & doing FDs of max 5L in Small Finance Banks for higher interest rates...
Keep taking free variant upgrades and they'll upgrade you eventually.
Parking 7 digit figures just to get imperia tag makes no sense
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