Fi Debit Card & UPI devaluation

[BhaiyaJi]

Fi bank has not reduced rewards on Debit Card and UPI payment
Debit Card:
Now: 20% as Fi coins up to 800 per txn and up to 8,000 per month
Earlier: 20% as Fi coins up to 1000 per txn and up to 10,000 per month

UPI
Now: 10% as Fi coins up to 200 per txn and up to 2,000 per month
Earlier: 10% as Fi coins up to 500 per txn and up to 5,000 per month

Major devaluation after Magnus

 

[simplewarrior]

Neobank Fi lays off 10% of workforce; lags behind on fiscal revenue target

The layoffs have been undertaken to increase its cash runway from almost one and a half years currently to two years and are expected to impact employees across functions including engineering, product, analytics and process excellence, among other teams.

economictimes.indiatimes.com

They have started cost cutting.

 

[ronakshah]

They have also reduced per transaction cashback capping to 30rs from 50 earlier. So to avail max cashback transaction of 1500 should be done from 2500 earlier thereby increasing the no of transactions to get 500rs cashback.

 

[satish0987]

I did not receive fi coins for cred payment via fi upi ... Earlier I used to get instantly
Anyone faced same issue ?

Edit : Received fi coins now I think delay in their system

 

[simplegarv]

Fi bank has not reduced rewards on Debit Card and UPI payment
Debit Card:
Now: 20% as Fi coins up to 800 per txn and up to 8,000 per month
Earlier: 20% as Fi coins up to 1000 per txn and up to 10,000 per month

UPI
Now: 10% as Fi coins up to 200 per txn and up to 2,000 per month
Earlier: 10% as Fi coins up to 500 per txn and up to 5,000 per month

Major devaluation after Magnus

Stay away from neo banks.

 

[ARV]

They have also reduced per transaction cashback capping to 30rs from 50 earlier. So to avail max cashback transaction of 1500 should be done from 2500 earlier thereby increasing the no of transactions to get 500rs cashback.

Its time to ove the funds out of FI, too much hassle just for 500rs. 17 transactions is time consuming

 

[gauravraj]

My interest for fi is no more.

Why- I used to collect fi coins but when I went to buy coupon in redeem section, it says you can buy 1 coupon a day and get reward of upto ₹200/₹2000


159 fi coins coupon gave me ₹2 rupees, almost 10 coupons gave me ₹2 each.

159 fi coins = ₹2
I left fi and remaining coins.

Even 'blackmoney' card is faaaar better.
(No moneyback card holder is harmed by review)

 

[BhaiyaJi]

People here mostly use Fi for 500 cashback per month.

 

[beast_boy]

They have also reduced per transaction cashback capping to 30rs from 50 earlier. So to avail max cashback transaction of 1500 should be done from 2500 earlier thereby increasing the no of transactions to get 500rs cashback.

I didn't understood the newly introduced points accumulation, can you please explain, how many DC and UPI Txn to do and for what amount now on daily basis to earn Max Fi Coins and the 500 CB.

 

[beast_boy]

Fi bank has not reduced rewards on Debit Card and UPI payment
Debit Card:
Now: 20% as Fi coins up to 800 per txn and up to 8,000 per month
Earlier: 20% as Fi coins up to 1000 per txn and up to 10,000 per month

UPI
Now: 10% as Fi coins up to 200 per txn and up to 2,000 per month
Earlier: 10% as Fi coins up to 500 per txn and up to 5,000 per month

Major devaluation after Magnus

Did they remove the 10% Fi coins earning on UPI spends from this month onwards? I couldn't find 10% Coins earning Tnc anymore.

 

[BhaiyaJi]

Yes same not showing for UPI

 

[iamdhamo]

Did they remove the 10% Fi coins earning on UPI spends from this month onwards? I couldn't find 10% Coins earning Tnc anymore.

Ya I also can't see it now

 

[iamdhamo]

I think next month they will stop coins for debit card transaction as well. Guess time to close the account soon. I am Using it for coins and 2% cb every month

 

[BhaiyaJi]

ITs not shown but they are crediting Fi coins for UPi payments.

 

[iamdhamo]

ITs not shown but they are crediting Fi coins for UPi payments.

Oh I will also try n see and confirm

 

[iamdhamo]

Oh I will also try n see and confirm

I m getting coins for me as well by using UPI.

 

[iamdhamo]

I m getting coins for me as well by using UPI.

I used to get for Paytm wallet adding money but now getting only for spends that's made. Will confirm by evening as sometimes it takes time for coins to get credited vis Paytm wallet add money

 

[Kumar93196]

I used to get for Paytm wallet adding money but now getting only for spends that's made. Will confirm by evening as sometimes it takes time for coins to get credited vis Paytm wallet add money

Adding money to Paytm wallet via fi DC gives fi coins.

 

[iamdhamo]

Adding money to Paytm wallet via fi DC gives fi coins.

Yeah but for me I can't use DC since I abused in Paytm. I had earlier got via UPI itself which is not coming now

 

[Kumar93196]

Yeah but for me I can't use DC since I abused in Paytm. I had earlier got via UPI itself which is not coming now

You can add money to your family or friends account....