Devaluation Changes to NeuCoins Earned on UPI Transactions

[RajS]

Dear Valued Cardholder,



Greetings from HDFC Bank!



We want to inform you about an upcoming change to your Tata Neu Infinity HDFC Bank Credit Card (ending in xxxxxx) regarding NeuCoins earned on UPI transactions.



New Changes Effective from 01-08-2024:

• 1.5 % back as NeuCoins on eligible UPI transactions made using your Tata Neu UPI ID.
• 0.50 % back as NeuCoins on other eligible UPI ID transactions.
• Total NeuCoins earned on eligible UPI transactions capped to 500 NeuCoins per calendar month.

Please Note: NeuCoins earned before 01-08-2024 are secure and will not be affected.

 

[newIntern]

It is same as earlier... max 500 neu coins per month. Nothing changed here also


To early to conclude? Nothing has changed really. Still earns good reward on UPI, now via tata neu app

can someone please post their honest review of tata neu app? specially for making UPI payments?
how is user experience, is custom UPI available? do we get widget for UPI scanning? do we get email notification for bank UPI transactions ?

 

[smuff]

If we register on Tata neu app and start paying from there, so we will continue to ear 1.5%. Is my understanding correct?

Yes, thats what email says.

 

[Chitra007]

If we register on Tata neu app and start paying from there, so we will continue to ear 1.5%. Is my understanding correct?

Yes, now only UPI transactions done through Tata Neu app will be eligible for 1.5% neucoins

 

[sousnake]

Sahi time pe band krwa diya..
Unnecessary 1500 lag jaate

 

[smuff]

HDFC and Tata dont want us to douple dip by using paytm(or any other upi app) to get reward there and also neu coins. Its Tata pushing the usage of tata neu app.

 

[newIntern]

They are promoting their platform after making these cards habitual. Fine with their strategy, but capping wise both cards have same maximum capping per month.

their app is too cluttered, also there is no widget to quickly scan and pay (for ios at least). can someone please confirm that we will not get any cashback if we pay using any other app?

 

[Nikhil@Mannar]

Important Update: Changes to NeuCoins Earned on UPI Transactions.​

Dear Valued Cardholder, Greetings from HDFC Bank! We want to inform you about an upcoming change to your Tata Neu Plus HDFC Bank Credit Card (ending in xx1653) regarding NeuCoins earned on UPI transactions. New Changes Effective from 01-08-2024: 1% back as NeuCoins on eligible UPI transactions made using your Tata Neu UPI ID. 0.25% back as NeuCoins on other eligible UPI ID transactions. Total NeuCoins earned on eligible UPI transactions capped to 500 NeuCoins per calendar month. Please Note: NeuCoins earned before 01-08-2024 are secure and will not be affected.​

 

[purushotham]

Better Amazon also follow this and launch Amazon pay Rupay card ( Atleast Apay app has good interface )

Phone pe Rupay credit card

And others

 

[arun4455]

But this business model is not a sustainable business model. Eventually all the cashback on upi txn will go away.

Better Amazon also follow this and launch Amazon pay Rupay card ( Atleast Apay app has good interface )

Phone pe Rupay credit card

And others

 

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Already being discussed here.

Devaluation - Changes to NeuCoins Earned on UPI Transactions

Dear Valued Cardholder, Greetings from HDFC Bank! We want to inform you about an upcoming change to your Tata Neu Infinity HDFC Bank Credit Card (ending in xxxxxx) regarding NeuCoins earned on UPI transactions. New Changes Effective from 01-08-2024: 1.5 % back as NeuCoins on eligible...

www.technofino.in

@vaibhav111 @Rkr @ashwink Please merge

 

[BVCBVC is verified member.]

Already being discussed here.

Devaluation - Changes to NeuCoins Earned on UPI Transactions

Dear Valued Cardholder, Greetings from HDFC Bank! We want to inform you about an upcoming change to your Tata Neu Infinity HDFC Bank Credit Card (ending in xxxxxx) regarding NeuCoins earned on UPI transactions. New Changes Effective from 01-08-2024: 1.5 % back as NeuCoins on eligible...

www.technofino.in

@vaibhav111 @Rkr @ashwink Please merge

 

[jar89]

Just got this mail from HDFC.

NeuCoin cashback changed from 1.5% to 0.5% for non TATA NEU UPI payments. Only the UPI payments made through TATA NEU app will fetch 1.5% back from August 1st.

 

[sourpai]

their app is too cluttered, also there is no widget to quickly scan and pay (for ios at least). can someone please confirm that we will not get any cashback if we pay using any other app?

Other apps will give you 0.5% on Infinity. Neu app will give 1.5%

 

[arun4455]

their app is too cluttered, also there is no widget to quickly scan and pay (for ios at least). can someone please confirm that we will not get any cashback if we pay using any other app?

You will get 0.5% if you use any other app for payment.

 

[Akash Topder]

It's not exactly a devaluation though. It's a chindi strategy to increase user base of their Tata Neu app. For me CRED was the go to UPI app as, 1. It was fast, 2. It gave 1-2 rupees cashback for Rupay UPI transactions, so double dip. Maybe upto 100-200 transactions I'll still use CRED and over that will use Tata Neu app.

 

[newinnov]

Tata Neu app gives my pixel diarrhea when opened... No clean interface

 

[panu24]

@vaibhav111 @Rkr @ashwink Please merge this thread into

Devaluation - Changes to NeuCoins Earned on UPI Transactions

Dear Valued Cardholder, Greetings from HDFC Bank! We want to inform you about an upcoming change to your Tata Neu Infinity HDFC Bank Credit Card (ending in xxxxxx) regarding NeuCoins earned on UPI transactions. New Changes Effective from 01-08-2024: 1.5 % back as NeuCoins on eligible...

www.technofino.in

 

[Anindya98]

I just got this mail from HDFC.

Neu Coins cashback changed from 1.5% to 0.5% for non-TATA NEU UPI payments. Only the UPI payments made through the TATA NEU app will fetch 1.5% back from August 1st.

Neu Coins cashback changed from 1% to 0.25% for non-TATA NEU UPI payments. Only the UPI payments made through the TATA NEU app will fetch 1% back from August 1st.

 

[sousnake]

It's not exactly a devaluation though. It's a chindi strategy to increase user base of their Tata Neu app. For me CRED was the go to UPI app as, 1. It was fast, 2. It gave 1-2 rupees cashback for Rupay UPI transactions, so double dip. Maybe upto 100-200 transactions I'll still use CRED and over that will use Tata Neu app.

aajkal cred gives 1-2 only on 1/2 txn a day. post that only stupid coins.
I use cred then paytm

 

[panu24]

@vaibhav111 @Rkr @ashwink Please merge this thread into

Devaluation - Changes to NeuCoins Earned on UPI Transactions

Dear Valued Cardholder, Greetings from HDFC Bank! We want to inform you about an upcoming change to your Tata Neu Infinity HDFC Bank Credit Card (ending in xxxxxx) regarding NeuCoins earned on UPI transactions. New Changes Effective from 01-08-2024: 1.5 % back as NeuCoins on eligible...

www.technofino.in