Devaluation Trend, what can we expect?

[taherm]

India's growing economy is creating increasing consumer demands. Value propositions, including rewards, cashback, and discounts, have proven successful in attracting customers, as evidenced by companies like Jio, Zomato and Gpay. Credit card companies use similar strategies.

However, this approach is inherently unsustainable and can't continue indefinitely. Companies typically scale back these benefits once a significant customer base is established. As CC enthusiasts, we find ourselves constantly switching cards, managing reward points, and strategizing around ever-changing offers, only to face revisions and the need to adapt again.

The question arises, will this trend eventually stabilize with a few, reliable, and competitively valuable credit cards dominating the market? Likely that acquiring these highly sought-after cards will become increasingly challenging. Currently, the Infinia Card exemplifies such an offering.

 

[HumorSimpson]

Arindam bhaja govindam.
We can expect mental peace.

 

[Vasuki]

India's growing economy is creating increasing consumer demands. Value propositions, including rewards, cashback, and discounts, have proven successful in attracting customers, as evidenced by companies like Jio, Zomato and Gpay. Credit card companies use similar strategies.

However, this approach is inherently unsustainable and can't continue indefinitely. Companies typically scale back these benefits once a significant customer base is established. As CC enthusiasts, we find ourselves constantly switching cards, managing reward points, and strategizing around ever-changing offers, only to face revisions and the need to adapt again.

The question arises, will this trend eventually stabilize with a few, reliable, and competitively valuable credit cards dominating the market? Likely that acquiring these highly sought-after cards will become increasingly challenging. Currently, the Infinia Card exemplifies such an offering.

Evergreen card will remain the same .
Unsustainable high reward will come slowly . Like magnus 25% insane reward .
Infinia already got devalued in some regard in past . Hdfc is slow in devaluation bcz their cc portfolio has 4 card useful..
The slow death of Millniea but still decent card

 

[pinki]

Arindam bhaja govindam.
We can expect mental peace.

अभिषेकः गोविन्दम् अपि प्रेषयति अतः गोविन्दम् अपि पूजयेयुः।🙏

 

[HumorSimpson]

No CC can reward heavily. Realistic is 1-2% which is again a share cut from their MDRs.

There are many factors that contributed CC abuse.

1. Axis wanted some lion share of CC market and lured everyone with Princess Magnus. Agents went to a great length of taking bribe and getting this card to the customer.
2. Fintech apps wanted to jack up their numbers. So willingly left wallets with rewarding MCCs.
3. Youtubers wanted subscribers.

In this play naive users fell into the lure of money rotation. Thinking they are predators, they have become prey only to be destroyed.

 

[Vasuki]

No CC can reward heavily. Realistic is 1-2% which is again a share cut from their MDRs.

There are many factors that contributed CC abuse.

1. Axis wanted some lion share of CC market and lured everyone with Princess Magnus. Agents went to a great length of taking bribe and getting this card to the customer.
2. Fintech apps wanted to jack up their numbers. So willingly left wallets with rewarding MCCs.
3. Youtubers wanted subscribers.

In this play naive users fell into the lure of money rotation. Thinking they are predators, they have become prey only to be destroyed.

Ok agreed .
Why did idfc devalued their dc reward program 🧐?
All money wasted in Ind vs aus t 20 .
After world cup loss.

Which no one watched 🤡

 

[HumorSimpson]

Ok agreed .
Why did idfc devalued their dc reward program 🧐?
All money wasted in Ind vs aus t 20 .
After world cup loss.

Which no one watched 🤡

Full attack of money rotators, using DCs to CC bills maxing out every month.


You need to come out of your obsession with cricket. Already you are OUT janaab.

 

[Vasuki]

Full attack of money rotators, using DCs to CC bills maxing out every month.


You need to come out of your obsession with cricket. Already you are OUT janaab.

Rbl is also giving .
But idfc idk what to say

 

[Deleted member 9785]

No CC can reward heavily. Realistic is 1-2% which is again a share cut from their MDRs.

There are many factors that contributed CC abuse.

1. Axis wanted some lion share of CC market and lured everyone with Princess Magnus. Agents went to a great length of taking bribe and getting this card to the customer.
2. Fintech apps wanted to jack up their numbers. So willingly left wallets with rewarding MCCs.
3. Youtubers wanted subscribers.

In this play naive users fell into the lure of money rotation. Thinking they are predators, they have become prey only to be destroyed.

how prey and destroyed?

 

[HumorSimpson]

how prey and destroyed?

prey - rotating money in lure of points and later points blocked for many.
destroyed - for few thousands of money ended with IT notices. The reward money not enough to cover CA charges.


One more thread in this forum, where a young Finto used his dad's CC to rotate money. Got an IT notice and the dad is a cop.

 

[pinki]

prey - rotating money in lure of points and later points blocked for many.
destroyed - for few thousands of money ended with IT notices. The reward money not enough to cover CA charges.


One more thread in this forum, where a young Finto used his dad's CC to rotate money. Got an IT notice and the dad is a cop.

Pnb 0.5% was a next level thread to watch upon🤣🤣

 

[taherm]

I've stepped out of this game, have only two cards now, one for offline and one for online. Earlier are used to have around 10 cards. Sure I will miss out on some rewards but it was taking too much head space

 

[AlphaCAT]

All Axis cards devalued from 20 April, 2024