Credit Card Upgrade

Hello Everyone, đź‘‹


I have a query regarding credit card upgrades and would love your insights:


I currently hold multiple lifetime free credit cards. When I check with customer care or through the bank app for an upgrade, the options offered are all paid variants.


  1. Is there any way to get an upgraded lifetime free card?
  2. If I decide to close one of my older cards (about 7 years old) and apply for a new card from the same bank, will this have a negative impact on my CIBIL score?
  3. Do credit card upgrades themselves impact CIBIL score in any way?

Any experiences, tips, or insights on this would be super helpful 🙏


Thanks in advance!
 

knagar0078

KF Expert
Yes, the Credit Card upgrade themselves do affect the CIBIL, when I upgraded by Federal Bank Card they closed my oldest Credit Card and issued a new one, surely the date of issuing was the same of the previous Credit Card but even then since the card was issued newly, all my transaction and bill paid details were empty which caused my CIBIL to drop by 50 points.
But after a while(2-3 months) it came back to the normal.
I advice you to not over spend using the upgraded card in the initial period or pre pay if over used. This helps to improve your Score faster. It's only for the initial two months.
Hope this Helps...
 

spal_98

KF Ace
Yes, the Credit Card upgrade themselves do affect the CIBIL, when I upgraded by Federal Bank Card they closed my oldest Credit Card and issued a new one, surely the date of issuing was the same of the previous Credit Card but even then since the card was issued newly, all my transaction and bill paid details were empty which caused my CIBIL to drop by 50 points.
But after a while(2-3 months) it came back to the normal.
I advice you to not over spend using the upgraded card in the initial period or pre pay if over used. This helps to improve your Score faster. It's only for the initial two months.
Hope this Helps...
I am using federal signet credit card ( 1 yr), in app no offer yet.... what is the procedure to upgrade signet to imperio, plz need ur help
 

knagar0078

KF Expert
If your Credit Limit is more than 1 Lakh Rupees then ask the customer care " I want to upgraded my Signet Card to Imperio" , and also told them " I am not getting the option in the application so do it from your end. "
Upgraded Card me koi welcome benifits nhi hota. Maine 10,000 spend kre fir Customer care ne bataya ki ₹500 ka amazon voucher new card pe milta h bs.

Also I had crossed the ₹50,000 milestone but kuch nhi mila. So don't chase the milestone before upgrading your card.
Ab main Imperio ko rarely hi use krta hu.
Just because limit theek h aur use krne se limit increase offer aa sakta h.
Only If your limit is more than ₹3.5 Lakh then get Celestra upgrade.
 

spal_98

KF Ace
If your Credit Limit is more than 1 Lakh Rupees then ask the customer care " I want to upgraded my Signet Card to Imperio" , and also told them " I am not getting the option in the application so do it from your end. "
Upgraded Card me koi welcome benifits nhi hota. Maine 10,000 spend kre fir Customer care ne bataya ki ₹500 ka amazon voucher new card pe milta h bs.

Also I had crossed the ₹50,000 milestone but kuch nhi mila. So don't chase the milestone before upgrading your card.
Ab main Imperio ko rarely hi use krta hu.
Just because limit theek h aur use krne se limit increase offer aa sakta h.
Only If your limit is more than ₹3.5 Lakh then get Celestra upgrade.
Thanks for ur reply, 🙏
 
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