HDFC Credit Cards against Fixed Deposit (FD): Guys, HDFC is offering its premium credit cards against FD. That means, if you are not getting HDFC Credit Cards basis your CIBIL Score and income, you can open an FD with HDFC Bank and can get credit card basis the FD.
💎Here is the amount of FD required for popular HDFC Credit Cards (refer picture👇)
✳️For Salaried Individuals
👉Freedom and IOCL Card: FD of 15k to 34k
👉Moneyback+ Card: FD of 35k to 114k
👉Millenia & Diners Privilege: FD of 125k to 334k
👉Regalia Gold: FD of 335k or more
✳️For Self Employed
👉Biz First Card: FD of 20k to 54k
👉Biz Grow Card: FD of 55k to 334k
👉Biz Power Card: FD of 335k to 350k
👉Biz Black Card: FD of 550k or more
🤔🤔🤔But the real question is, should you open an FD to get a credit card ❓
or more specifically, should anyone open the FD of mentioned amount to get HDFC Credit Card❓
👉👉👉In my personal view, decision to open an FD should be based on an individual’s financial planning, not just to get a credit card.
👉Once you open an FD and get FD linked credit card, the amount is blocked till the credit card is active. You may not find the return rate of FD attractive.
👉If you close the FD, the credit card will also be closed in most cases.
👉It has been felt by some customers that once they got FD backed credit cards, they were not getting regular credit cards even after becoming eligible (although not a verified fact).
👉The amount of FD given the screenshot is very high.
✅✅✅What are your views on FD backed credit cards? Mention in comments 👇.
Press Like button and Repost if you found it informative 😊.
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Here is the Link 👉https://t.co/54MiLQEW6Z
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Note: Always take a credit card basis your own need and personal spending pattern, not just because of an offer. Make your own assessment. Some of the Links in the post might be our referral links. If you apply through these links we might get some referral pay or referral benefits.
[credit card, spendwisely, spend wisely, credit cards] #spendwisely #creditcard #creditcards
DIY International Holiday - Tips
I did my first international holiday with my spouse, 5-year-old child & parent.
Simple tips from my experience for effective travel 👇
Gone are the days of scouring the internet for valid coupons—LittlePixi does the legwork for you, streamlining the process of finding and applying savings, whether you're indulging in online shopping, settling bills, or ordering food. Get the app: https://t.co/Az6wgRB6Sh
🏆 Credit Card Awards 2023
🤝 Fun collaboration✨
@cards_wizard x @AmazingCreditC
🥂 We've split the categories, so if you're catching this first, hop over to @AmazingCreditC for the other set of winners!
Let the show begin 🥳
👀 Guess the Card of the Year?!?
Should you own multiple Credit Cards 💳
❌Myth: Holding multiple Credit Cards lowers your CIBIL
✅Reality 1: Not paying timely on your dues can significantly lower your CIBIL
✅Reality 2: Don't apply too many Cards in a short span of time (1-2 in 6 months is ok)
✅Reality 3: Don't exhaust your Card limits frequently
Better take another Card to lower your overall Card utilisation ratio to <= 30%
Disclaimer: Apply for multiple Cards only if it suits your spend pattern ✅
For majority people, 1-2 Credit Card is enough ✅
P.S.- I own 17 active Credit Cards 💳
CIBIL TU score is 👇👇
How do we get 8% return on ₹4,00,000 spends on our American Express Platinum Travel Credit Card?
We get 1 Membership Reward(MR) point for every ₹50 spent.
We can convert 1 MR to 1 Marriot Bonvoy(MB) point.
General value of 1 MB ~ ₹0.50.
This gives ₹4,000 rewards on ₹4,00,000 spends.
(1/n)
#Amex announces Reward Multiplier Program:
- 5X rewards on Platinum
- 3X rewards on Platinum Travel & Reserve
- 2X rewards on Gold, MRCC & SmartEarn
- Merchants: #Flipkart, #Amazon, #Myntra & many more
Read the details in latest article to know more. https://t.co/EUie6GDmpR
HSBC Offer: Get 5X reward points on Insurance Payments
SMS HSBCINS to 575750 to Register
Period: 7 July 2020 to 20 July 2020
Insurance Categories: Life, General: Travel, Motor, Health, Home
Max Points: Up to ₹2,000
Min Premium: ₹5,000
5X Points will be credited by 31-Aug-20
Axis Bank Re-Launches SELECT & RESERVE Credit cards with new benefits.
• Select looks stunning and features are good too.
• Reserve comes in Metal, yet primarily targeted for Golfers.
Here’s everything you need to know: https://t.co/4A6ehqJR4L
SpiceJet Travel Vouchers redemption options on American Express Platinum Travel Credit Card are now being discontinued beginning 1 August 2020.
#Amexlife#cardnpoints@AmexIndia