Its a known fact that HDFC issues only one credit card for majority of their customers and for a selected few, they do issue two credit cards on exception, provided they’re eligible for such higher line of credit. Usually getting two credit cards is easy if you’re a High Net Worth Individual due to which they can provide you a high credit limit so that you can split across two cards.
Getting approved for 2 HDFC bank credit Cards:
It becomes impossible for many when they have credit limit like 1 Lakh and wants to hold two cards, as most premium credit cards with HDFC has 2L or more limit and there is no point in holding two beginner level cards.
So Having 5 Lakh or more limit on a single card increases your chances of holding multiple credit cards from HDFC, usually limited to maximum of 2 cards per person. Getting such higher limits takes time, you can learn more ways to increase your credit card limit here.
Trick to get 4 Credit Cards from HDFC Bank:
Well, that was a tough challenge just for getting approved for 2 cards right? So how are we gonna get 4 Credit cards? and is it really possible? Well, i got 2 answers for this.
Yes – You can. No – You can’t.
- To be more clear, Yes, you can have four credit cards theoretically as per CIBIL records.
- But, No, you can’t have 4 different HFC cards in reality.
You should be wondering where does CIBIL get into picture here. Well, i recently wrote about the Insights into HDFC Insta Jumbo Loan wherein Jumbo Loan (a credit card loan) is treated as a separate credit card (see image below) as per CIBIL records for reporting your credit usage behavior.
Now, if you have 2 HDFC credit cards and if you apply for a Jumbo Loan on each, technically, it will show as 4 HDFC Bank credit cards on your Cibil report – 2 actual cards & 2 Jumbo Loans. So this is how you can have 4 credit cards from HDFC without actually holding them 🙂
Tip: Insta Jumbo loans if paid on-time improves your CIBIL score as its reported without any hard inquiry on your CIBIL account.
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