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RuPay Card and UPI offers, Discussion and News group

This group is only for RuPay Card and UPI offers, Discussion and News. Any other Falana card, Dhimkana card discussion is not allowed.
RuPay Card and UPI offers, Discussion and News group

RuPay Card and UPI offers, Discussion and News group

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RuPay Card and UPI offers, Discussion and News group
A

Abhishek012

HDFC BizGrow & BizPower Now Available on RuPay Variant


hdfcbizrupay.jpg
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Reactions: BVC, SSV, plastikman and 1 other person
SSV
SSV
Now these cards will also be down the drain !!
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Reactions: Pack_of_Cards, ashwink and Abhishek012
A
Abhishek012
@SSV RuPay has a lot of money backed by India's largest banks HDFC, ICICI bank, SBI and all other PSU banks.

RuPay has now invested heavily in Business and Commercial Credit Cards.
SSV
SSV
@Abhishek012
Let us see, time only will decide.. prevailing conditions that are indicating in the market are contrary to what you just said now.
A
Abhishek012
@SSV Card devaluation is happening because people are spending more these days. The fee for some MDR categories is only 1% like Utility etc. People didn't even talk about this, I said it in one comment and then I saw @TechnoFino create/wrote a video/article on it and told everyone.

One important thing people do not tell about (or should I say so called credit card influencers) is server cost, credit card software upgrade, maintenance and security -

Look, if the bank's credit card spend starts increasing then the bank has to pay more for the server cost.
Then due to the user base increased, its server, maintenance and security costs start increasing (But there is not that much increase in profit).

last thing, inflation and customers are getting smarter -

if your card user base and card spend don't increase but inflation will occur after few years because the MDR and EMI fees you earn are not enough to cover your server and maintenance costs.

Nowadays, People who have credit cards are taking advantage of the 10% discount offer by shopping with their cards with other non-card users. Due to which banks will have to spend more in their promotion.

One more thing to remember, the banks first devaluing basic and premium cards, then super premium cards and lastly ultra premium cards (Since, most of the RuPay cards are currently basic and premium cards, People think that RuPay card is the most devalued).

But in reality banks devalue cards according to card categories and not by card networks.
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