IDFC First Bank Limited

I agree with views shared by @Mudit.Kushalvardhan

Idfc first bank may have looked at your CIBIL score, cashflow analysis etc and based on that analysis you would have been eligible & got offer of topup loan as a personal blended loan.( as per the bank’s strategy / analysis )

Just as an example, idfc first bank doesn’t offer credit card at my pincode, bcoz they don’t have branch at my pincode, as told by one of their B.M. ( they only offer wow credit cards to my pincode which are backed by fd and secured ). They provide unsecured credit card to certain Pincode residents only.

Eventhough I hold high end bank account with them, have good credit score, have other company credit cards, they are following their policy and not giving unsecured cards to certain pincodes as per their policy.

On other end, I am getting other bank unsecured credit card offers, which includes RBL / INDUSIND / BAJAJ etc. They also don’t have branch at my pincode.

So should I conclude that RBL/ INDUSIND other banks has bad risk management guidelines and idfc first has good risk management guidelines on their credit card? No

In my view, One has to look at investment decision by looking at multiple angles and not just by certain one-off incidents.