Jaduuu
TF Buzz
Hey folks,
Just wanted to drop in and share something I've found super helpful. If you're like me and have a credit card bill to tackle each month, here's a cool way to get 2% cashback using your Fi debit card.
Let's say you've got a credit card bill of ₹25,000. You can actually score a cool ₹500 cashback if you pay it through Cheq using your Fi debit card. Here's the rundown:
First, you need to keep a minimum balance of ₹50,000 in your account. Doing so gets you the 'Infinite Status' on Fi, which comes with a ton of perks, including 2% cashback through UPI (only on the Fi App) or your Debit Card. You can score a max cashback of ₹50 per transaction and ₹500 per month. They'll add this cashback to your account by the end of each month.
The catch is, to make the most of this cashback, you need to do 10 separate transactions of ₹2500 each through Cheq using your Fi Debit Card. Yes, it's a bit of a hassle, but the cashback makes it worth it. Just remember, Cheq charges a small processing fee of 0.2%, so that's ₹50 for a total bill of ₹25,000.
Besides the cashback, there are some other neat perks to the Fi Infinite Status:
You get Fi Coins - around 10,000 of them if you follow these steps. You can use these to win prizes or earn guaranteed cash rewards. And often, there's an offer where you can get ₹50 cashback for 2 debit card transactions of at least ₹100. It costs around 1699 Fi Coins, which pretty much covers your Cheq processing fee.
You also earn 250 Cheq points, which you can trade in for cash (4 points = ₹1) or gift vouchers (1 point = ₹1/₹0.5).
And here's a biggie - Fi Infinite Status means 0% forex charges with no cap. In my experience, Federal Bank usually has better forex rates than HDFC, ICICI, and other banks.
But here's something to bear in mind: If you make multiple transactions on the same website, your debit card might be paused for a short while.
I'm just sharing what's been working for me - you might find other ways to maximize cashback or rewards on your credit card bill payments. Just to be clear, this isn't a promo for Fi. I've been using Fi for a while now, and so far, it's been smooth sailing. But I've heard some folks say that Fi has temporarily blocked accounts and held funds. It hasn't happened to me, and I've done more than 10L+ transactions through the Fi App.
So there you go! A way to pay your credit card bill, earn some cashback, and get a few other perks. It's been a win for me, and I hope it works for you too!
If you have any questions or experiences to share, let's hear them. Here's to spending smart and saving even smarter!
Just wanted to drop in and share something I've found super helpful. If you're like me and have a credit card bill to tackle each month, here's a cool way to get 2% cashback using your Fi debit card.
Let's say you've got a credit card bill of ₹25,000. You can actually score a cool ₹500 cashback if you pay it through Cheq using your Fi debit card. Here's the rundown:
First, you need to keep a minimum balance of ₹50,000 in your account. Doing so gets you the 'Infinite Status' on Fi, which comes with a ton of perks, including 2% cashback through UPI (only on the Fi App) or your Debit Card. You can score a max cashback of ₹50 per transaction and ₹500 per month. They'll add this cashback to your account by the end of each month.
The catch is, to make the most of this cashback, you need to do 10 separate transactions of ₹2500 each through Cheq using your Fi Debit Card. Yes, it's a bit of a hassle, but the cashback makes it worth it. Just remember, Cheq charges a small processing fee of 0.2%, so that's ₹50 for a total bill of ₹25,000.
Besides the cashback, there are some other neat perks to the Fi Infinite Status:
You get Fi Coins - around 10,000 of them if you follow these steps. You can use these to win prizes or earn guaranteed cash rewards. And often, there's an offer where you can get ₹50 cashback for 2 debit card transactions of at least ₹100. It costs around 1699 Fi Coins, which pretty much covers your Cheq processing fee.
You also earn 250 Cheq points, which you can trade in for cash (4 points = ₹1) or gift vouchers (1 point = ₹1/₹0.5).
And here's a biggie - Fi Infinite Status means 0% forex charges with no cap. In my experience, Federal Bank usually has better forex rates than HDFC, ICICI, and other banks.
But here's something to bear in mind: If you make multiple transactions on the same website, your debit card might be paused for a short while.
I'm just sharing what's been working for me - you might find other ways to maximize cashback or rewards on your credit card bill payments. Just to be clear, this isn't a promo for Fi. I've been using Fi for a while now, and so far, it's been smooth sailing. But I've heard some folks say that Fi has temporarily blocked accounts and held funds. It hasn't happened to me, and I've done more than 10L+ transactions through the Fi App.
So there you go! A way to pay your credit card bill, earn some cashback, and get a few other perks. It's been a win for me, and I hope it works for you too!
If you have any questions or experiences to share, let's hear them. Here's to spending smart and saving even smarter!
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