Eterna Is just a another card

[PavanPavan is verified member.]

New Terms and Condition of Eterna
No more 5x on Rent and utility

https://www.bobfinancial.com/documents/REVISIONINTARIFFOFCHARGES&PRODUCT%20FEATURE%20w.e.f15th%20November%202022.pdf

 

[ltf4ever]

But you did not factor in the reward component in your interxhange fees point

very crude explanation. but that's their strategy: bear some losses in the form of reward points until they have large enough customer base, and then devalue once the customer is hooked on to spending on credit.
the rewards are also financed by cobrand merchants, revolving credit users interest charged, penalties, finance charges, etc. so not necessarily the banks are losing money on giving reward points.

 

[G M]

That is why... Any ltf card is always better than all these high paying cards.. These high rewards rates cant be sustained for too long... Else they will have to close their company..... Its just a short honeymoon... After they acquire target customers... They will reduce the reward..

I remember such givings by foodpanda in food delivery sector....... They gave it for one full year.... I remember eating full size pizza in 9rs....matka biryani 1kg in 9 rs...... The company got closed in 1 year...

Its always best to pull the plug at right time... Same will happen with sbi cashback card too... They might acquire required customer much faster... So expect devaluation much earlier...

They are already out of all discount offers of sbi

SBI happened 🙂

 

[Batmanbaba]

SBI happened 🙂

Yes... Its never unlimited party....