Devaluation 1% fee on Transportation related transaction @RBL_CC

[shashankverma]

Starting Jan 7, RBL will charge 1% fee on any transaction greater than 10,000 with Transport MCC

Will flight booking attract Fee now?

 

[msankadi]

Starting Jan 7, RBL will charge 1% fee on any transaction greater than 10,000 with Transport MCCView attachment 115780

Will flight booking attract Fee now?

The whole cc industry is going down the drain... The day isn't far when Instead of rewards all cc txns will start becoming charged... These banks are treating us as if they are doing us a favor by extending cc to us

Yeah you can keep your bs products and entitlement

 

[bing1309]

Question will raise to what is the purpose of CC? I think people will go back to debit card.
Now RBL gives offers in travel website for flights etc did they become greedy like we will also do business if an 3rd party website adds convince fee why not we add transportion fees to card directly...

I am not worried about this its about all banks will follow this stupid path and if its an travel card they will say we will wave off 1% + gst as if they are showing courtesy...

I said in many posts Credit card will become just a Credit line and nothing else (banks made a normal salary earning man easy with Credit Card now the same would be like squeeze the needy)

I also wonder what is the on time payment that's happening vs non payment vs late payment (i assume on time payment is in more % hence banks are not able to make money hence this squeeze)