devaluation

Now it's ICICI Bank's turn—they've joined the 2024 devaluation party. Here’s a simplified breakdown of the changes: Utility & Insurance Capping: You will continue to earn reward points for utility and insurance spends up to Rs. 80,000 at the current earn rate on Rubyx and higher variant...

Sapphiro - spa discontinued 75k spends in quarter for lounge access. All cards affected - attached pdf

Not sure if this has been mentioned. After charging 3% for Amazon Pay Gift cards, Smartbuy Gyftr has now started charging 2.5% for Amazon Shopping voucher also. I don't think this is HDFC rather Amazon hiking their charges. Seems now good old way of buying using CC offers is the way forward...

So, someone requested me for lounge access for VTZ a while ago. I knew pinnacle has access to this airport but before confirming I happened to have logged in to dream folks website to check available lounge. And I was astonished to find that except 6 metro cities none of the airports are showing...

Massive Devaluation Alert. Just tried to reach Axis Customer Care (Burgundy Account Holder). Now Phone Banking only available from 8am to 8pm, 7 days a week. No support over call after 8pm. Are we in 90s?

Today I started noticing HDFC Gyftr charging 2.5% gst on amazon shopping voucher and flipkart shopping voucher . Earlier this was only ment to be there for Amazon gift card. if hdfc is going to charge so much for everything how will this work . This is so sad :( they are just not stopping one...

Hdfc smartbuy started charging 2.95% on Flipkart gift card and Amazon shopping voucher Bye bye smartbuy

SBI CARDS also jumped on the utility bandwagon. Changes in T&C utility after 50000 will attract additional charges of 1%

1.With effect from 1 Nov’24, the Finance Charges revised to 3.75%. 2. With effect from 1 Dec’24, The sum of all Utility payments made in a billing cycle exceeds 50,000 then 1% fee will be charged on total amount of Utility payments

Hi TFC, I guess I started using the GoSats at wrong time. Paid 999 for Elite Card and now it's devalued. BTW, Wallet Load via CreditCard is now restricted to 10K per month. Post that, You need to pay 1.5% GST. Attached is the conversation with GoSats.

So, finally, other banks have started following SBI's path. HDFC is the second bank after SBI. Purchases eligible for Instant Discount/ Cashback on HDFC Bank Credit Card will not qualify for Reward Points. The same will be reversed within 120 days of end of cashback posting month or end of...

After axis Atlas devaluation in April, is it still a better option then AMEX platinum travel card? ( 1-2 international trips in a year , 2-3 domestic flight visits , living in gurgaon , family of 2) *. Want a card for better travel experiences (primarily hotel / flights) * Good reward...

New Amex applicants applying via Referral will no longer receive MRCC and Platinum Travel Card as 1st Year Free Further Amex Is no more offering the reduced annual fee of 1.5k on MRCC for Referral applications and will be charging full 4.5k Fee only from 2nd Year Onwards. Is Amex moving Towards...

Tried buying more than 10K Amazon Vouchers from Gyftr yesterday and post 10K all transactions were getting declined after using a different mobile numbers. Can anyone else confirm the same? Relevant reddit thread: https://www.reddit.com/r/amexindia/s/NRHaWTE2Ta Update: - Multiple folks have...

The cashback received on payment of credit cards , are now Only can be used to pay by credit UPI to merchants. The cashback cannot be used to pay third-party merchants. This is a major devaluation.

Dear Valued Client, Thank you for banking with Standard Chartered Bank. We wish to inform you that, effective 15 October 2024, we are revising the complimentary airport lounge access feature associated with your Standard Chartered EaseMyTrip credit card. The following revisions will apply...

IDFC First Rewards (for DC) is further devaluaed now. You cannot redeem more than 9866 points in one transaction which means you need to also pay Rs 34 for each 2.5K voucher in addition to Rs 117 fee + GST. Also, I was not allowed to do more than one redemption after the first one so I will keep...

In my view devaluation of credit cards will continue and getting a limit enhancement is going to be more difficult in coming years. These two are product of various circulars from RBI and market related factors. Some of them I've outlined below: Due to higher risk weightage annoucned by RBI...

I have closed 5 credit cards for several reasons. Banks are doing devaluation looking at other banks. I have got a replacement card with almost similar benefits. Indian Banks acting like Monkey see Monkey do. RBI should take steps on this devaluation issue. What's your opinion? HDFC Money...

Amex corporate cards - you can earn a maximum of 1,000 points on utility and government charges/taxes per calendar month. The Membership Rewards points that you earn on fuel spends will be discontinued from 1 October 2024.