Just try this HS BC card workaround for unserviceable locations..
Considering upcoming bonus it's damn good..
I am now thinking about getting Premiere..
But will have to visit always if I have any branch related work..not a option. Let's see if they include more cities.
#ccgeeks
Got HSBC TravelOne in unserviceable area.
My journey process ๐
Visited relative in serviceable location (Pune) and applied โ got it delivered โ scheduled courier pickup back.
Most straightforward & guaranteed way.
While filling form:
โข 2 address needed โ Permanent (Aadhaar, can be non-serviceable) & Current (relative address)
โข Current address has to be in serviceable location.
โข Can't change delivery to permanent later.
VKYC:
โข Asked about both addresses
โข Must be done from same serviceable location (they verify it)
Approval insight:
โข <4 enquiries in last 6 months (incl. HSBC)
โข Good CIBIL needed
โข T1 seems available for self-employed now
Courier:
HSBC took 6 + Delhivery took 6 days (slow). Any better pickup courier?
I took T1 bcz:
Wide transfer partners. Not expecting much due to hopper rates. Letโs see.
Went for T1 over Scapia.
Take cards basis your need, not offers/bank push.(No referral)
@CardNiti this was the other way I was trying..
Also u may apply via paisabazaar and banbazaar as @iSatishAgarwal informed.
Happy gudi padwa!!
#ccgeeks #T1 #Hopper #HSBC
@CenturionGuy1@CardNiti Will inform equ-itas on mail that they are self employed..
So u think they will act negativity or convert profiles as self employed?
@suvendu_owner Nope.. cashkaro won't work here..!
Will Justify or not , totally depends on card rewards are end value u consider.. compare and then go ahead.
Little known fact - HDFC Biz Power too can be had as a floater.
The Biz Black Credit Card remains elusive as ever, and to get it as a floater card is now more difficult than ever (see article below).
But the Biz Power also gives accelerated returns on GST & other Government Payments, and is available as a floater card as well!
True, Biz Power gives low returns as compared to Biz Black, but which other card is giving returns on GST Payments?
โจ Always remember - 37% of something is better than 100% of nothing!
Here are some facts about Biz Power:
๐๐ผ It is similar to Regalia Gold (RG).
๐๐ผ Base rate is 5 pts/ โน200 (2.5%).
๐๐ผ Same Smartbuy Multipliers as RG
๐๐ผ Same limits of accelerated rp - 2k daily, and 4k monthly.
๐๐ผ BUT, Biz Power gives you 7,500 accelerated rp separately for business spends, which includes Government spends & bills paid via Payzapp.
๐๐ผ You can use points to pay for 70% of travel bookings done through Smartbuy @ โน0.5 per pt.
๐๐ผ No Accor in this one โน๏ธ. The only option for redemption is Krisflyer @ 2:1 ratio.
๐๐ผ Effective base rate is 1.25% and accelerated (5x) is 6.25%. in comparison, the Biz Black gives 1.33% & 16.67%.
โ ๏ธ There are some conditions like first 2 transactions are considered for GST, โน25k min. spend, etc. Please DYOR.
Eligibility for Floater:
๐๐ผ 3 Lakh limit of existing HDFC Card.
๐๐ผ Not much else!
๐คซ AFAIK, as of now HDFC does not check business income or ITR.
Final Words
Should you get it? Absolutely! In my mind, it is a no-brainer, because this card gives you extra SmartBuy limits + multipliers on government spending, utility bills etc. And Krisflyer can give you some amazing experiences, as well as be converted into other loyalty miles as well.
I know an HDFC guy who can help you get this card as a floater. DM me if you need his contact.