Credit Cards With Lowest Reward Rates / Dumbest Ever Reward Structure

[beast_boy]

In my opinion Indusind Amex Epay is worst.

What is your opinion on Credit Cards from other banks, which offer lesser RP than this or have a trickier reward structure, please do comment.


About Indusind Amex Epay here it goes.
Yesterday I got Indusind Amex Epay Card on LTF basis via Split Limit, applied in a Ziffy , instantly created,
Then I sat on to calculate the RP which can be earned and found It has so idiotic TnC and a meager maxed out Reward rate of 0.99% after so much hassle

Number of Txn - 20
Each Txn Value - 500
Total Txn Value - 10k
1st to 4th txn RP - 4 * 4 = 16
5th to 6th txn RP - 8 * 6 = 48
Next 10 Txn RP - 10 * 10 = 100

Total RP Received for 10k Spends Spread over 20 Txn of 500 Each = 164
Monetary Value of RP Received = 57.4

CB on 10k Amount Paid Back within 7 Days of Bill Generation = Rs.41.66

Total Monetary Value of RP + CB = 99.06

Actual Reward rate = 0.9906%

The Maximum Reward rate that you can fetch from this card by Keeping a commitment of 11 Months and then Getting 2x RP per Txn in 12th Month Only and Keeping the fixed spend of 500 per Txn is 1.81% , even if you do 1Lakh Trxns of 500 Each.

By Far this is the dumbest Card I have ever seen.

 

[Channakya]

They are only making customers to spend recurring transactions on this card , so that they can benefit from it. I wanted to apply for this car, but after seeing the reward rate in one of the thread . I stopped thinking on it.

 

[beast_boy]

Just Took it for Indusind Specific Offers If Any. Else no use.

 

[Kumar93196]

Kotak platinum credit is way too poor than amex epay cc

 

[PaneerButterMasala]

All ICICI Cards except APay

 

[beast_boy]

All ICICI Cards except APay

Kotak platinum credit is way too poor than amex epay cc

Please explain a little about this, it will be helpful.