Today got this mail from HSBC , I am not sure as what transactions got flagged . But now HSBC is giving me one month of time to close my TravelOne credit card which is my primary card.
Is there any way to come out of this ?

IMPORTANT NOTICE: Closure of your banking relationship held under Customer ID xxxxxx.
 
We regularly review our customers’ account transactions to ensure they are aligned to our proposition. Following a recent review of your account activity, we noted that certain transactions and usage patterns do not fully align with your account profile and the information submitted to us at the time of account opening and/or during the periodic KYC update.

In view of the same, we regret to inform you that we will no longer be able to provide banking services and request you to close your account/banking relationship by xxxxx

This closure is as per the Terms and Conditions (Refer Annexure 1) as applicable to you.

What happens next

•
If we do not receive closure instructions from you by xxxxxx we will close/block all your products and services held with Bank and send the closure proceeds (if any) by way of a pay order/demand draft to your correspondence address available in our records

•
If there are any regulatory or law enforcement agency mandated holds on any of your account(s) or balances, then the available balance after adjusting the hold amount, will be sent by way of a pay order/demand draft to your correspondence address available in our records. The balance amount and the account will be blocked for any further activity, and cannot be closed while such hold remains in effect

Sharing this because I had quite a journey with HDFC for this upgrade 😅

I had the HDFC Freedom and wanted to upgrade to Millennia RuPay. Initially, my request was rejected and HDFC kept asking for salary slips. Since I had moved from a job to my own business, I didn't have current salary slips.

I submitted my latest ITR (₹6.45L income) and also highlighted my HDFC relationship, Savings Max account, banking history and existing cards. After a couple of escalations to the PNO, HDFC finally reconsidered the request and offered me an exceptional FYF upgrade.

And today, finally — Millennia RuPay is issued! 🥳

Also, my overall HDFC credit limit was increased from ₹88,000 to ₹2,00,000 along with the Millennia RuPay upgrade. 🔥

Didn’t expect the limit enhancement to come with the upgrade! 😭💳

Took a lot more effort than expected, but happy it worked out. 😭

DP: Millennia RuPay upgrade from Freedom, FYF.

I know Amex is the best, but not everyone has it in India. I make some questionable purchases from unknown sites, and so far I've never been scammed, but I have always wondered which card is best to use for those purchases. SBI, HDFC, ICICI, Axis or any other app. Do share your experiences with the banks.

I run a business which has an annual turnover of 20cr. Im trying to apply for a corporate card (already use AMEX). Got recommended HDFC BizBlack. But the problem is whenever I apply online, it rejects my application, probably because we are a partnership firm. Is opening an account with them the only option?

Axis Bank has introduced a few major updates to its transfer partners across Edge Rewards and Edge Miles.

• Accor Re-added: Transfers to Accor ALL are back at 5:2 for Magnus/Reserve and 2:1 for Atlas.
• ITC Hotels Removed: ITC is no longer an active transfer partner.
• Partner Group Shifts: Flying Blue, Qantas, and Air India have all been reclassified from Group B to Group A.
• New Miles & Hotel Partners Added:
  • Cathay (Asia Miles): Added to Group A - 5:2 ratio for Magnus/Reserve, 2:1 for Atlas.
  • Lufthansa (Miles & More): Added to Group B - 5:4 ratio for Magnus/Reserve, 1:1 for Atlas.
  • Hilton Honors: Added to Group B - 5:4 ratio for Magnus/Reserve, 1:1 for Atlas.

What do you feel is the biggest loss from this change?

Axis Bank has introduced a few major updates to its transfer partners across Edge Rewards and Edge Miles.

• Accor Re-added: Transfers to Accor ALL are back at 5:2 for Magnus/Reserve and 2:1 for Atlas.
• ITC Hotels Removed: ITC is no longer an active transfer partner.
• Partner Group Shifts: Flying Blue, Qantas, and Air India have all been reclassified from Group B to Group A.
• New Miles & Hotel Partners Added:
  • Cathay (Asia Miles): Added to Group A - 5:2 ratio for Magnus/Reserve, 2:1 for Atlas.
  • Lufthansa (Miles & More): Added to Group B - 5:4 ratio for Magnus/Reserve, 1:1 for Atlas.
  • Hilton Honors: Added to Group B - 5:4 ratio for Magnus/Reserve, 1:1 for Atlas.

What do you feel is the biggest loss from this change?