https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8994334
If your monthly spends are above 1L, then go for Axis magnus
Downgrade HDFC Diners Black Credit Card
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i have got diners black upgraded six month back but now a days i dont see any benefit of this and they have annual charges also for this card which is no where justified after 10x devaluation on amazon and fk
wanted to keep hdfc card but without any fees, which card should i switch to , please suggest
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Top Comments
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8994443
If you've DCB I believe it must be of some good limit. So, I advice you not close this as it might impact your credit score and credit history.
AFAIK HDFC not offering LTF cards now. If you've other cards, how about downgrading to moneyback plus?
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8994937
That would be like finding alladin lamp and throwing it away.....
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995167
Ramta_Jogi wrote:I heard that we can't upgrade from DCB to Infinia. Is it true?That would be like finding alladin lamp and throwing it away.....
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995214
harshak9045 wrote:If you've DCB I believe it must be of some good limit. So, I advice you not close this as it might impact your credit score and credit history.
AFAIK HDFC not offering LTF cards now. If you've other cards, how about downgrading to moneyback plus?
HDFC don't report credit limit....so your point of it having good credit limit is useless
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995242
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harshak9045 wrote:
I heard that we can't upgrade from DCB to Infinia. Is it true?
No you can, just need 8l+ limit and 7l+ spend in last 6 month on dcb. Mail grievances for upgrade and it would be done.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995309
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Sudarshan61 wrote:But it reports the highest utilized credit so far. Having a good limit might help in emergency situations. If it's your oldest credit card then you're going to lose the credit history a bit. Consider how easy to get the same cad again.HDFC don't report credit limit....so your point of it having good credit limit is useless
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995315
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Is DCB some other type like rupay?
jambui wrote:One RM said Infinia upgrade is given for Master or Visa cards. I will take this with a grain of salt but heard this argument multiple times.No you can, just need 8l+ limit and 7l+ spend in last 6 month on dcb. Mail grievances for upgrade and it would be done.
Is DCB some other type like rupay?
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995393
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harshak9045 wrote:
I heard that we can't upgrade from DCB to Infinia. Is it true?
It's a hit or miss regarding upgrade from dcb to Infinia.
Holding DCB makes more sense nowadays. Lots of perks and added threshold spend vouchers. Its acceptance has definitely gone up with all banks updating their Pos software.
Sone pe suhaga would be Infinia along with dcb as an add-on (or vice versa) so you can mint points through SmartBuy with Infinia and use DCB perks to enjoy the redemption.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995460
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Ramta_Jogi wrote:It's a hit or miss regarding upgrade from dcb to Infinia.
Holding DCB makes more sense nowadays. Lots of perks and added threshold spend vouchers. Its acceptance has definitely gone up with all banks updating their Pos software.
Sone pe suhaga would be Infinia along with dcb as an add-on (or vice versa) so you can mint points through SmartBuy with Infinia and use DCB perks to enjoy the redemption.
Does HDFC combine points account for both the cards ? Or both cards will have separate points accounts ?
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995522
Ramta_Jogi wrote:dont see its use now ? m i misisng something ?That would be like finding alladin lamp and throwing it away.....
using sbicashback /axis ace/bob etrena/au lite instead of dcb
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995695
DCB is total waste in comparison to Infania/Magnus. Yes it is better than other hdfc card except infania but it is not worth 10K + GST anymore.
I have hardly made any transaction since last 6 months- since it is LTF and i am still holding else would have closed by now
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995700
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Abhinav_Pune wrote:Premium tier cards like dcb/infinia are not supposed to be used in combination with so many other cards. If using this many good cards then no point in taking any premium tier card unless you know some loophole to manufacture spend & earn reward points(like what's happening with magnus nowadays).
dont see its use now ? m i misisng something ?
using sbicashback /axis ace/bob etrena/au lite instead of dcb
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995709
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guest_999 wrote:any loophole fr magnus ?
Premium tier cards like dcb/infinia are not supposed to be used in combination with so many other cards. If using this many good cards then no point in taking any premium tier card unless you know some loophole to manufacture spend & earn reward points(like what's happening with magnus nowadays).
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995713
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Abhinav_Pune wrote:
any loophole fr magnus ?
Withdraw 1 lakh cash from ATM every month & get effectively 6.6% worth GVs in form of bonus reward points so even after paying back the bill immediately for cash withdrawal with around 0.6% finance charge still net profit of around 6%.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995720
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i dont use reward points for travel and while redeeming to cash it again becomes 1/2 ,so seems useless now.
even if spend on travels , we get upto 25% off coupon/discount if we book directly so again we get .75% of value only
guest_999 wrote:
Premium tier cards like dcb/infinia are not supposed to be used in combination with so many other cards. If using this many good cards then no point in taking any premium tier card unless you know some loophole to manufacture spend & earn reward points(like what's happening with magnus nowadays).
i dont use reward points for travel and while redeeming to cash it again becomes 1/2 ,so seems useless now.
even if spend on travels , we get upto 25% off coupon/discount if we book directly so again we get .75% of value only
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995922
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Sudarshan61 wrote:Does HDFC combine points account for both the cards ? Or both cards will have separate points accounts ?
Points from 2 HDFC cards are not combined. Posted separately.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8995971
Ramta_Jogi wrote:Not anymore guess. II am planning to do the same as well. In Jan I am going to close my DCB card. It was a dream card in those 10X days. Nowadays, except buying Amazon/Flipkart GC on SmartBuy, I don't see any useful purpose.That would be like finding alladin lamp and throwing it away.....
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996084
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996123
Guys I have regalia, do the reward points expire or should I keep accruing. I have around 40k points. What to do suggest. Points to Cash redemption ratio is very bad
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996144
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All of the above things will make the IT department to ask you for the clarification of the deposits. If the cash deposits are more than 2L per year and the CC bill is more than 10L / bank / year or the accumulated CC bills of all banks are significantly higher than the filed ITR you'll get rectifications from the IT dept.
So, kindly be aware of this and avoid this kind of rotation for a petty gain.
guest_999 wrote:Where will you deposit every month ? In your bank account ? or friend's bank account ? or write a DD to pay the CC bill?Withdraw 1 lakh cash from ATM every month & get effectively 6.6% worth GVs in form of bonus reward points so even after paying back the bill immediately for cash withdrawal with around 0.6% finance charge still net profit of around 6%.
All of the above things will make the IT department to ask you for the clarification of the deposits. If the cash deposits are more than 2L per year and the CC bill is more than 10L / bank / year or the accumulated CC bills of all banks are significantly higher than the filed ITR you'll get rectifications from the IT dept.
So, kindly be aware of this and avoid this kind of rotation for a petty gain.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996210
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You advised the greatest person against money rotation on DD to not to rotate money.
@guest_999 must be chuckling hard I guess.
harshak9045 wrote:HaHa, ROFL.
Where will you deposit every month ? In your bank account ? or friend's bank account ? or write a DD to pay the CC bill?
All of the above things will make the IT department to ask you for the clarification of the deposits. If the cash deposits are more than 2L per year and the CC bill is more than 10L / bank / year or the accumulated CC bills of all banks are significantly higher than the filed ITR you'll get rectifications from the IT dept.
So, kindly be aware of this and avoid this kind of rotation for a petty gain.
You advised the greatest person against money rotation on DD to not to rotate money.
@guest_999 must be chuckling hard I guess.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996220
@Abhinav_Pune close the paid DCB if you do not intend to spend much with it. I have a similar infinia which I am keeping only as its LTF for me, otherwise I am very rarely using it nowadays. Though it was a heavily used card last year with all that smartbuy and other offers going on.
You might want to try to see features of millennia cc, even with the devaluations it might be useful for 5% CB on its partners, still working for all txns on amazon. If you need lounge features with a good forex rates regalia might seem good too.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996355
I have DCB as LTF, does it make sense to upgrade to paid Infinia?
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996365
Seinfeld wrote:Thanks kg++@Abhinav_Pune close the paid DCB if you do not intend to spend much with it. I have a similar infinia which I am keeping only as its LTF for me, otherwise I am very rarely using it nowadays. Though it was a heavily used card last year with all that smartbuy and other offers going on.
You might want to try to see features of millennia cc, even with the devaluations it might be useful for 5% CB on its partners, still working for all txns on amazon. If you need lounge features with a good forex rates regalia might seem good too.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996383
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Seinfeld wrote:Haha..may be I'm missing something here..But the issue is for the OP
HaHa, ROFL.
You advised the greatest person against money rotation on DD to not to rotate money.
@guest_999 must be chuckling hard I guess.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996401
If you can't look forward to redeeming reward points on travel then ofcourse no travel or reward card makes sense. Neither Infinia nor DCB nor magnus or vistara Infinite or even Amex plat for that matter.
Might as well stick to some 5% cashback card.
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996406
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harshak9045 wrote:
So, kindly be aware of this and avoid this kind of rotation for a petty gain.
Mind it! 😹
Oh! The irony!
https://www.desidime.com/discussions/downgrade-hdfc-diners-black-card?page=1#post_8996498
LegendKiller007 wrote:In the same situation. I have a LTF DCB. However, now only the metallic variant of Infinia is available, which is not LTF.I have DCB as LTF, does it make sense to upgrade to paid Infinia?
I do not want to give up my LTF DCB. Checked for Infinia as an Add-on card, but my RM told me that requires a 12+ limit to hold both. So going for DCB in the meanwhile.
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All of the above things will make the IT department to ask you for the clarification of the deposits. If the cash deposits are more than 2L per year and the CC bill is more than 10L / bank / year or the accumulated CC bills of all banks are significantly higher than the filed ITR you'll get rectifications from the IT dept.
So, kindly be aware of this and avoid this kind of rotation for a petty gain.
HDFC don't report credit limit....so your point of it having good credit limit is useless
It's a hit or miss regarding upgrade from dcb to Infinia.
Holding DCB makes more sense nowadays. Lots of perks and added threshold spend vouchers. Its acceptance has definitely gone up with all banks updating their Pos software.
Sone pe suhaga would be Infinia along with dcb as an add-on (or vice versa) so you can mint points through SmartBuy with Infinia and use DCB perks to enjoy the redemption.