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Devaluation on HDFC Smartbuy FK and ASV gv
- Thread starter Farhad sekh
- Start date
Smartbuy Golden Days now passed..
HumorSimpson
TF Prestige
AGVs are becoming restrictive day by day. Even the 5% reward on Uber(amazon prime members who use amazon wallet) earlier which was given as 1% Uber cash and 4% AGV now is 5% uber cash.
taskmaster
TF Select
Great devaluation for Regalia Gold holders. No use of this card now.
Naveid
TF Buzz
that list is to make this card hype more as elite... HDFC is using infenia as the go to card and asking people to open FD of 20 lakh or greater to get the card .. In short its using Infenia to milk up there deposits by potraying it as ultra luxirious but internally its sucking dry card holders with such ideotic cuts very disheartened by this 3% new charge on shopping vouchers really not expected below the bet punch by HDFC .
This is major silent devaluation for Regalia Gold customers. Not at all useful for ASV, Apay and FK (Which is majority of voucher purchase).
To increase their margins and tightening the screws a little bit.
To add saltiness to our Diwali this year
Damn, I wanted to buy yesterday but got busy in office. And today, I saw the same 😢
With wider publicity of Smartbuy & Gyftr, even in some popular media publications, this was bound to happen.
But this is still the best reward rate for Infinia users? Isn't it? Unless Park+ comes up with Amz & FK vouchers with flat 10% discount and SBI gives 5% cashback on top of it 🤐
With wider publicity of Smartbuy & Gyftr, even in some popular media publications, this was bound to happen.
But this is still the best reward rate for Infinia users? Isn't it? Unless Park+ comes up with Amz & FK vouchers with flat 10% discount and SBI gives 5% cashback on top of it 🤐
Avatar Aang
TF Premier
That's very unlikely.
prateekm03
TF Select
HDFC be like Dil ke tukde tukde krke muskura ke charge laga diye
Then that also will be promoted well.
It is possible that, in reality many infinia holders are not really aware of its full potential except may be lounge access and only a handful of us were taking advantage of it. But these days with increased awareness, especially due to media coverage etc. more percentage of hdfc card owners are trying to get maximum benefit out of it. And banks are trying to find ways to restrict it.
iamabhisekagar
TF Legend
Dukh Dard Kasht aur Peeda...🥲
waveparticle1729
TF Buzz
Around 20% pa. So, much less than here. But that's not the only reason people get stuck in the minimum payments trap. Credit cards are more mainstream there so everyone (even the not very financially literate people) have them. Also, banks routinely give out balance transfer and cash advance offers to entice more people into credit card debt. Very useful for people who know how to take advantage but at the expense of others.
vshobhit387
TF Buzz
Hdfc has started charging 3%+gst as a processing fee on Amazon pay gift cards
Farhad sekh
TF Premier
Most of us doesn't have infinia
So getting 5% back or 6% in case of millenia
Now hdfc deducting 3.5%
So net gain 1.5%
Better to avoid the platform
peregrine0falcon
TF Select
17% to 27% APR and yes its pretty normal for people in US to not pay credit card bill as new cards allow 1.5 to 2 years of zero interest carry over and slowly it becomes a habit. Tons of people around in US earning good amount are in credit card debt cause there is no concept of savings in US. Majority of them are living in today and dont care about tomorrow. (US means US people and not Indians etc who save money).
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