HDFC Credit Card Against FD Query!

HDFC Credit Card Against FD Query!

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Deal Cadet
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I will be getting HDFC credit card against FD in few days, I want to know which Credit Card will they offer and If they will give any choice or not, If they gave choice,Then which Credit card should i choose. I need it for online shopping mostly and it will be my first credit card.
Thanks!

30 Comments  |  
10 Dimers
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Deal Cadet
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If you’re booking fd > 4L try regalia. Talk to the manager first as there’s no standard terms.

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Deal Newbie
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Whats the amount of fd they asked from you….. 2 days back i visited branch for same and they said that for 50k they would give moneyback credit card and for 2 lakh they have Regalia first.

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are they ready to issue any card variant against FDs (depending on deposit amount off course) , like any Diners or their top end infinia ?

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ZitOO wrote:

are they ready to issue any card variant against FDs (depending on deposit amount off course) , like any Diners or their top end infinia ?

I am not sure, but the cc guy at my home branch says that if i make a fd of 7-9 lakhs than they will surely offer dcb or infinia.

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tank_u_m8 wrote:

I am not sure, but the cc guy at my home branch says that if i make a fd of 7-9 lakhs than they will surely offer dcb or infinia.

9 lakh fd for credit card flushed flushed

bro negotiate with them but insist on dcb

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Deal Lieutenant
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Professor1 wrote:

9 lakh fd for credit card flushed flushed

bro negotiate with them but insist on dcb

i am getting dcb against 7 lakh fd

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karthi4052752 wrote:

i am getting dcb against 7 lakh fd

And is it a new account or an old one. Also do you have preferred banking?

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Professor1 wrote:

And is it a new account or an old one. Also do you have preferred banking?

New, opened for this only.

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bro tell me as I can open an HDFC account for a credit card, would like to have DCB credit card

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Professor1 wrote:

bro tell me as I can open an HDFC account for a credit card, would like to have DCB credit card

yes bro… opened a new account, then deposited 7l for fd… then got this card

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arunrush680 wrote:

What’s the requirement for regalia & infinia?

regalia, i was told 2 or 4 lakh. i am not sure.
initially i was told 7 lakh fd for infinia, when i wanted to apply they told me 12 lakh

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HDFC issue both infinia and DCB both to same customer ?? Or not , kindly enquire with the bank .

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karthi4052752 wrote:

yes bro… opened a new account, then deposited 7k for fd… then got this card

7 lakh worth it for this card? I can go and book an fd for this card only if you suggest

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Professor1 wrote:

7 lakh worth it for this card? I can go and book an fd for this card only if you suggest

actually now i feel i shud not have booked the fd for longer period of time . it really depends on you…actually i have money which will have no use for 6 months atleast until i come back from my work abroad. plus i took in my wife name and she doesnot have a credit history and i am thinking of applying some premium cards of other banks with this card on card to card basis later
But what negative i feel is i shop less online when i am abroad so my benefit from this card also will be lesser. yet u never know

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ZitOO wrote:

HDFC issue both infinia and DCB both to same customer ?? Or not , kindly enquire with the bank .

i have seen people keeping regalia after their diners upgrade becoz they requested the bank saying diners acceptance is very low

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also if i am not wrong , earlier there was a 10x offer on international spends, which would have been a steal for me.

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karthi4052752 wrote:

also if i am not wrong , earlier there was a 10x offer on international spends, which would have been a steal for me.

All my spends would be online (on e-commerce or utility bills, etc). given the rewards system on this card and everyone boasting this card is making me inclined towards this card.

I also wanna know would this card be better than flipkart axis 1.5% unlimited cashback on online spends.

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Professor1 wrote:

All my spends would be online (on e-commerce or utility bills, etc). given the rewards system on this card and everyone boasting this card is making me inclined towards this card.

I also wanna know would this card be better than flipkart axis 1.5% unlimited cashback on online spends.

ofcourse, if u spend heavily on smartbuy merchants and 10x merchants, this is a nobrainer.
for other online spends only, not of much help.
for flight, hotels, even bus (redbus) they give 10x
plus u can get so many offline vouchers also using this
https://www.gyftr.com/hdfcsma...y/

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karthi4052752 wrote:

ofcourse, if u spend heavily on smartbuy merchants and 10x merchants, this is a nobrainer.
for other online spends only, not of much help.
for flight, hotels, even bus (redbus) they give 10x
plus u can get so many offline vouchers also using this
https://www.gyftr.com/hdfcsma...y/

I guess you have researched quite a lot about this card. This saturday is a bank holiday i suppose, come monday I will book an fd for this card. Can HDFC guys give this card for Rs 5 lakh fd?

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Professor1 wrote:

I guess you have researched quite a lot about this card. This saturday is a bank holiday i suppose, come monday I will book an fd for this card. Can HDFC guys give this card for Rs 5 lakh fd?

i think it depends on your bargaining skills and their sales target. some people can bring the fd value down if u can take their insurance plans, which give them a fatty commission and they have a target for selling them also.
another branch manager offer me directly regalia if i buy insurance from them

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Critic
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No offense to anyone here but seriously,people booking 5-10 lakhs FD just to get a credit card when this same amount of money invested correctly can give much more return than any credit card ever will. Btw have you people consider that all FD interest income is fully taxable as per your income tax bracket.

P.S. never ever buy any insurance policy which is not term insurance & which is offered by bank managers.

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karthi4052752 wrote:

yes bro… opened a new account, then deposited 7l for fd… then got this card

The card is instant or not? Did they give any acknowledgement after fd for this card.
Currently holding DCM, will they provide additional dcb for opening 7L fd?

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--AJ-- wrote:

The card is instant or not? Did they give any acknowledgement after fd for this card.
Currently holding DCM, will they provide additional dcb for opening 7L fd?

Not instant. Take about a week after fd. Acknowledgement?? U applied for dcb immediately after opening the account same time

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karthi4052752 wrote:

Not instant. Take about a week after fd. Acknowledgement?? U applied for dcb immediately after opening the account same time

I got dcb on card to card basis. Planning to take fd if they give dcb with that. I mean, in that fd application or form did they mention Dcb card? Here in chennai they are saying only by mouth no written proof.

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--AJ-- wrote:

I got dcb on card to card basis. Planning to take fd if they give dcb with that. I mean, in that fd application or form did they mention Dcb card? Here in chennai they are saying only by mouth no written proof.

they gave no written proof, same mouuth only… i got it

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--AJ-- wrote:

I got dcb on card to card basis. Planning to take fd if they give dcb with that. I mean, in that fd application or form did they mention Dcb card? Here in chennai they are saying only by mouth no written proof.

yeah, there was no written proof for me also. but i got it anyway.

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--AJ-- wrote:

I got dcb on card to card basis. Planning to take fd if they give dcb with that. I mean, in that fd application or form did they mention Dcb card? Here in chennai they are saying only by mouth no written proof.

You got it via card to card then why getting it thru FD? And remember you will never get any credit limit increase ever. It will always remain proportionate to the FD put on lien.

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