I’m being offered a loan on my HDFC Credit Card with Tata Neu Plus. While the interest rate and tenure aren’t the best, a relative urgently needs cash and isn’t concerned about the interest. My question is: If I take this loan from HDFC, will it improve my creditworthiness or bargaining power for obtaining other credit cards (core credit cards) or for negotiating a Lifetime Free (LTF) status on my existing credit card? What do you think?
@akshith90 After closing the loan, it may help to some extent, as the bank will have earned a significant amount from you.