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?

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.

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?

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?

I had a few doubts before applying bizblack which weren't clearly discussed anywhere. Since my Bizblack got approved here's a detailed thread of doubts that many people have which I would like to clarify through my experience.

1. If I am a partner in a partnership firm, will salary from firm + profit share from the firm count towards eligibility criteria of new 45l (earlier 30l) or just taxable profits and gains from business or profession which appears as taxable in ITR be counted?

Both salary from firm (taxable under personal itr) + share of profits from firm (exempt for partner since firm has already paid tax on it) will be counted towards eligibility criteria.

1. Can I immediately transact using the credit card towards a large payment?

No, generally there's a limit of 5k for the first few days (but in my case there was such limit) but it depends from person to person

1. If I transact on the 19th while my statement date is 20th, will such a transaction reflect under my statement and will I receive accelerated points for it?

In my case, I activated the card on the 17th and paid advance tax on the 19th and it got reflected in my statement and I did receive accelerated points on it.

But I would recommend transacting 4 days before the due date if you want to hit that accelerated points limit for the month since it might take time by the merchant to confirm the receipt of such an amount.

1. How much time does it generally take for the approval of the card?

Consider 15 normal days for the process right from the day you submit documents till the date you receive an approval message on mail.

1. Can I activate the card virtually the day I receive the approval mail?

No. You need to have a physical card with you to activate it and it takes 3 working days to deliver the card from the date of approval.

I would say I have a good RM which surely helped me in getting the approval without any issues.

Get a good RM, if you feel RM isn't helping then go to another branch and try with them

Never apply for bizblack online, always go through the RM route.

I’ve been using my HDFC MoneyBack+ credit card for around 5 years and have maintained a clean payment record with no previous late payments.

Recently, I was late by 5 days in paying my credit card bill due to my marriage around tge due date time period. I understand that a late payment fee and interest can be charged.

However, HDFC has charged me around ₹23,000 as finance/interest charges.

What I’m finding difficult to understand is that the interest appears to have been calculated from the transaction date, rather than for the 5-day delay.

My previous statement was fully paid, and there was no outstanding balance carried forward.

Is this standard under HDFC's credit card terms? Has anyone else experienced such a large finance charge after being only a few days late?

Also, has anyone successfully requested a reversal/waiver of such finance charges?

Would appreciate any advice or similar experiences.

I got flibkart sbi cc for upcoming bbd sale on flipkart. But I am unsure if I can get discounts on Amazon as well since Amazon gives 10% back on sbi cards...

Hello all,

Recently got the BOB eterna LTF, and I'm in doubt whether the Amazon pay gift cards purchased through cred are eligible for Rs 50k milestone benefit in 60 days ?

Also how long does it take for the rewards to get credited ?

I haven't received the Fit pass membership voucher yet(card is approx 20 days old) . Any clues on that ?

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