my experience with IDFC first credit card application process
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Today I wanted to check which cc variant I am eligible for. I wanted to go ahead with the application if I could get select variant. During application I entered my healthy HDFC cc limit and the system showed I am eligible for wealth variant with good credit limit. I gave my pan and aadhar etc details. And then I immediately completed video kyc. The whole process took just about 10-15 min. I thought I would have to give hdfc cc statement to the agent. But half an hour later, I got SMS saying my card was approved and I would get it in 5 days. I downloaded their app and could see the card details in the app. I never had such completely online and short application process with any card so far.
Ps: I don't have savings account with them
I had an interesting experience with IDFC when I got the Wealth card from them last year. After hearing about its launch, I contacted the RM and he was completely unhelpful. He said it is up to the system. Nothing can be done. I was unhappy as I was keeping over 50 lakhs in FDs and around 20 lakhs in savings account with IDFC for a few years. They used to offer 7% interest on savings at that time. I had a good CIBIL score of around 800 as well. So in my view, I should have been chosen for some card. I went to the branch and the manager was completely unhelpful and didn’t care at all when I said I would move my accounts. I was really unhappy as normally the mangers treat me well and offer some tea or coffee and take care of my requests. Here they had no lounge, no priority customer area and no concern at all. Finally talked to one of their credit card guys who was very helpful and sent a link for me and my wife via SMS and Whatsapp. Interesting my wife who had no cards and had a lesser (but still decent) amount in her accounts was shown a preapproved offer of Wealth with a credit limit of nearly 25 lakhs while I was shown no offer available. We accepted her offer and the card was delivered the very next day. I again went to the branch and they said it is the system. Chosen at random, bla bla. Nothing to do with your credit status. This time the manager was a little more helpful and he called someone to look into it. He worked on his laptop for a while and said he now had an offer for Wealth for me with a limit of 19.6 lakhs. I accepted it happily. Great card. If you spend more than 20k, you get 2.5% rewards on everything. Free international lounge access as well.
Few questions if you can answer
1. Which hdfc credit card you hold and its approx limit
2. What’s your cibil score
3. Where you entered your hdfc credit card limit during idfc credit card application process i.e, in your annual income option or is there any specific option for entering existing card limit if you apply on card 2 card basis
4. Which idfc card did you get and is it’s limit given more than hdfc or not
Hope you answer these questions if possible thanks in advance
1. Regalia first, limit 9L
2. 797
3. In the application, it asks if you hold any cc and its limit
4. I got IDFC wealth cc with 5.3L limit
i applied in November for idfc select on C2C basis. I was given 2 lakh limit on basis of statement but after document pickup it was rejected after few days. Yesterday received a mail from IDFC for pre approved Select Credit card with limit of 2.5lakh. Opened the link and applied and card was generated instantly.
Ps- having idfc zero balance account from few years which I opened to get cashback 😝