Devaluation HDFC MoneyBack+ Devaluation

[Sunday]

HDFC silently changed the tnc on their website.

For statement credit: Each points now worth "upto" 0.25 rs. When I tried redeeming it's giving value of 0.20 rs. A 20% Devaluation.

For e-voucher also it's "upto" 0.25 now. When I tried Amazon & FK e-voucher it's giving 0.10 rs per point, that's outrageous!

Also, you need ₹500 worth of points to redeem against statement. So, 2500 points, which is the monthly capping on earning the accelerated rp. (I'm not sure if it was there before, cause I always redeemed >₹500)

It was a stupid card back then but it's almost worthless now. By adding the word "upto" they can do whatever they want, whenever they want. And don't forget about the stupid redemption charges. Earlier they used to charge 50rs+GST for statement credit. After latest Devaluation I can't find anywhere about the charges. I'll update on charges once I redeem the points.

For new applicants, please don't get this card.

 

[HumorSimpson]

Even money back + could be devalued

 

[komal]

HDFC silently changed the tnc on their website.

For statement credit: Each points now worth "upto" 0.25 rs. When I tried redeeming it's giving value of 0.20 rs. A 20% Devaluation.

For e-voucher also it's "upto" 0.25 now. When I tried Amazon & FK e-voucher it's giving 0.10 rs per point, that's outrageous!

Also, you need ₹500 worth of points to redeem against statement. So, 2500 points, which is the monthly capping on earning the accelerated rp. (I'm not sure if it was there before, cause I always redeemed >₹500)

It was a stupid card back then but it's almost worthless now. By adding the word "upto" they can do whatever they want, whenever they want. And don't forget about the stupid redemption charges. Earlier they used to charge 50rs+GST for statement cycle. After latest Devaluation I can't find anywhere the charges. I'll update on charges once I redeem the points.

For new applicants, please don't get this card.

@HumorSimpson

 

[Sree CC]

Even money back + could be devalued 😏

Recently got upgraded to Millennia

 

[Sunday]

Recently got upgraded to Millennia

If it's an ltf upgrade then OK. Otherwise have SBI Cashback & forget about HDFC entry level & midrange cards.

 

[rahulj87]

Luckily upgraded to millennia 2 months back

 

[Sunday]

Luckily upgraded to millennia 2 months back

If it's a LTF upgrade then it's fine

 

[rahulj87]

If it's a LTF upgrade then it's fine

No bro, paid millennia is still good. Only 1 lakh is required for annual fee waiver and can get 1000 voucher on achieving quarterly milestones.

 

[HumorSimpson]

No bro, paid millennia is still good. Only 1 lakh is required for annual fee waiver and can get 1000 voucher on achieving quarterly milestones.

Yes. I have been meeting fee waiver criteria via school fee payments.

 

[Sunday]

No bro, paid millennia is still good. Only 1 lakh is required for annual fee waiver and can get 1000 voucher on achieving quarterly milestones.

Yes, if hitting all the milestone then it's good. Otherwise comparing to SBI Cashback, CB card is simple , no nonsense card & provides much flexibility across all merchants unlike the millennia's limited merchant list. Also there are redemption fees & everything for millennia, rewards points are locked for a statement cycle yada yada. Too much headache.

 

[Sree CC]

If it's an ltf upgrade then OK. Otherwise have SBI Cashback & forget about HDFC entry level & midrange cards.

Using Millennia for Edu Spends.

 

[Hope]

was about to close. had 1k points couldn't redeem.
got more reason to close the card

 

[Sunday]

Using Millennia for Edu Spends.

Does it give CB in education spends?

 

[Sunday]

was about to close. had 1k points couldn't redeem.
got more reason to close the card

Its my only HDFC card, the limit is around 30K only as it is my first card I got as a student. They never offered any LE or card upgrade offer to me.
Planning on closing & applying again after a few months.

 

[HumorSimpson]

Does it give CB in education spends?

Yes 1% and if you hit quarterly milestone of 1L you get 1K AGV + 2 airport langar accesses

 

[Hope]

Its my only HDFC card, the limit is around 30K only as it is my first card I got as a student. They never offered any LE or card upgrade offer to me.
Planning on closing & applying again after a few months.

same gere stuck in 56k for years.
hesitating to close because Swiggy hdfc comes very handy cause i don't have any card for fk. guess have to bear that to get rid of this mb shit