The RBI has finally imposed penalties on a bank for charging non-maintenance penalties from their customers. On May 27, 2024, the RBI imposed a penalty of Rs. 91 lakhs on Yes Bank for charging non-maintenance penalties from their customers' savings accounts even when their account balance was...
...not on the total amount due.
vi. Interest shall be levied only on the outstanding amount, adjusted for payments/refunds/reversed transactions."
*Check Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 (Updated as on March 07, 2024) Point No 9. (b). v. and...
...pays by May 31, 2024, HDSC Bank cannot charge any extra penalties or interest. However, if he pays after May 31, he will incur additional charges.
*Official RBI Guidelines: check 9. (b). (v). point of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022...
Recently, one of our members, Nikhil, posted about a fraud incident that happened to him. His Accor account was hacked, and about 130,000 Accor points were used to order a mobile phone to a German address [Original Report Link: Click Here ]. After his post on the TF Community, I shared this on...
Finally, the day has come: the ICICI Bank Amazon Pay Credit Card has also been hit by the recent devaluation drive.
Effective June 18, 2024, rent paid using the ICICI Bank Amazon Pay Credit Card will not earn any cashback.
We rarely see any devaluation or changes in benefits for the ICICI...
In recent months, many credit cardholders have been left puzzled as they receive notifications from their banks informing them of reductions in their credit card limits. This trend, observed not only with SBI Card but also across various other banks, has raised questions among consumers. Why are...
In the world of personal finance, many people are always looking for ways to manage their money better and get the most out of their spending. One popular strategy that's gaining traction is using debit cards to pay off credit card bills. This allows you to earn cashback on expenses that...
Hello fellow travelers! I'm excited to share my recent short trip to Bali, Indonesia, where I experienced the beauty of this tropical paradise without breaking the bank. Join me as I take you through my journey, from the luxurious flights to the stunning sights of Bali, all made possible with a...
First, rent payments, and now utility payments category, banks are imposing extra charges on them. In a recent development, Yes Bank and IDFC First Bank announced that they will charge an additional 1% fee on all utility payments made using their credit cards starting from May 1, 2024. Customers...
Several users have reported being able to view other customers' ICICI Bank credit cards on their iMobile app. Since the full card number, expiry date, and CVV are visible on iMobile, and one can manage international transaction settings, it's easy for someone to misuse another person's credit...
On April 22, 2024, IDFC First Bank sent an email notification to many of their debit card users, indicating that the customers seemed to have violated the bank's terms of use of the First Reward program, and as a result, reward points earned in FY 23-24 would be purged. The bank also mentioned...
Amex Reward Multiplier Offer!
Offer period: 15th April to 30th April, 2024
Offer: Buy gift vouchers/shop on amex reward multiplier, earn upto 5X reward points and additional voucher worth upto Rs. 9000/-
Offer 1: Get voucher worth of Rs. 3000 on spending Rs. 75000 on reward multiplier in offer...
Many people are facing problems with SBI Unipay, a bill payment portal of State Bank Of India.
The Problem:
1. Few customers paid their credit card bills via the SBI Unity portal. Payment was deducted from their bank account (payment was successful), but the bill payment failed. According to...
After Yes Bank, Federal Bank is also going to impose an additional 1% + GST charge on all wallet loading transactions done using any Federal Bank credit card. In a recent development, Yes Bank announced a 0.5% charge on all wallet loading transactions done using their credit cards. Following the...
After Yes Bank, IDFC First Bank is here to surprise us. Although IDFC First Bank hasn't communicated anything yet, they have silently updated their MITC, which will be effective from May 1st, 2024. Since today is April 1st, IDFC First Bank must communicate any product charges today to make them...
Surprise from Yes Bank! Yes Bank has devalued all their credit cards.
Effective from 1st May, 2024, Yes Bank will change the fuel surcharge capping for a few of their credit cards. The new fuel surcharge capping is as follows:
Spends made on rent and wallet loading using paid Yes Bank credit...
First of all, if you have an Axis Bank credit card, immediately disable your international transactions. Many Axis Bank credit card holders have reported fraudulent transactions on their credit cards today without the need for OTP. Numerous people have posted about such incidents on X (formerly...
Axis Band has announced devaluation of their almost all credit cards, but they just destroyed their top most flagship credit card Axis Reserve Credit Card.
Here are the changes:
Revision of EDGE REWARD Points, Miles transfer:
In addition to the existing list of category exclusions, spends...
...Card)
1. Buy-one-Get-one free movie/non-movie ticket (up to Rs. 500 off on the second ticket) offer on BookMyShow will be discontinued.
2. 24*7 complimentary concierge services will be discontinued.
Revision of Domestic Lounge program: (Magnus & Magnus Burgundy Card)
To access complimentary...
...Following ATLAS Credit Card features will be discontinued:
1. Tier based benefit of Airport Meet & Assist and Airport Transfer Services.
2. 24*7 complimentary concierge services.
No doubt, the Axis Atlas credit card was one of the most rewarding air miles-focused credit cards. However...