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Credit Card Golden Days Over

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kunalcc said:
No cashback on buying gift card from SBI Cashback and HDFC swiggy card, wherever you buy.

I was using Amazon to buy gift card as Amazon was using Shopping MCC for gift card purchase
Click to expand...
But SBI had already discontinued cb on gift cards from Amazon... We all were thriving by using third party merchants...
Let's see if cb is debited on those apps too or not
 
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I got the following merchant name while purchasing amazon pay gift card. Will I be getting the 5% cashback ?
 

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The simple funda is don't like it? Don't use it.

Way too many people exploit every benefit they offer and the rest start cribbing about it all over the community.

Magnus is dead! Axis is sh*t. Amex only offers Marriott stays, I like Accor more.

Well, that's how life is! Full of surprises and devaluations.

Be prepared, move on to the next or give up and stick to using UPI!
 
Just to confirm. Until now I was using Axis Atlas and buying Amazon Pay Voucher via Amazon and using it to pay utilities on Amazon.

Is this no longer possible? Will I get cash back on Axis Atlas when buying Amazon Pay
Voucher via Amazon?
 
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Did the RBI regulation create this dominoes effect?

Something to ponder about

economictimes.indiatimes.com

Credit card dues and defaulters on the rise

Credit card dues and defaulters are rising, with defaulters reaching 1.8% in June. Outstanding credit card debt has grown significantly, stressing the unsecured lending segment. Young millennials are heavily using credit limits and defaulting without revolving loans. The RBI's proactive measures...
economictimes.indiatimes.com economictimes.indiatimes.com
 
Good to see the proactive steps taken by RBI are yielding the needed strict measures in the CC industry.
Good to see the various banks exposure is reduced to 15% from 25% (unsecured lendings - CC and EduLoans).
 
Guys, Here is final update...

For Mastercard its game over (swiggy card)

For Visa its still game, but for how long (SBI, Millenia)

If MCC Changed for Mastercard it will soon change for Visa
Screenshot_2024-10-16-09-05-23-364_com.ge.capital.konysbiapp.webp Screenshot_2024-10-16-09-06-12-750_com.snapwork.hdfc.webp
 
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kunalcc said:
Guys, Here is final update...

For Mastercard its game over (swiggy card)

For Visa its still game, but for how long (SBI, Millenia)

If MCC Changed for Mastercard it will soon change for Visa
Screenshot_2024-10-16-09-05-23-364_com.ge.capital.konysbiapp.webp Screenshot_2024-10-16-09-06-12-750_com.snapwork.hdfc.webp
Click to expand...
So you mean to say, if we are getting merchant name as amazon.in then we will get 5% cashback. and no cashback if merchant name includes gift card.. ?
 
coolguy1 said:
The simple funda is don't like it? Don't use it.

Way too many people exploit every benefit they offer and the rest start cribbing about it all over the community.

Magnus is dead! Axis is sh*t. Amex only offers Marriott stays, I like Accor more.

Well, that's how life is! Full of surprises and devaluations.

Be prepared, move on to the next or give up and stick to using UPI!
Click to expand...
If people could really grap what you are saying, the majority of members here would be very upset!
 
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