FI Money Infinite account | 2% in UPI/Debit Card spends

[iamankit]

Does anyone upgraded to Infinite account variant by maintaining 50k? Share your practical experience on benefits like 2% cashback and their acceptable merchant transactions for those cashbacks.

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[Vaasu Annan]

2% Cashback for September month credited

Yeah, Got the Cashback.

 

[satish0987]

Yes they have, now you need to do 17 transactions for 500rs, too much time consuming. I will move the funds once i get CB for last month

Any better alternative u have bro for 50k funds
If yes tell us

 

[satish0987]

2% Cashback for September month credited

Received ....this month they are quick

 

[coseee]

I received only 324 as cashback? Even though I have merchant payments of OneCard, Cheq and Mobikwik. Which one of these merchant is not eligible now for cashbacks?

 

[Chaitanya-a]

Any better alternative u have bro for 50k funds
If yes tell us

Invest in mutual fund. Easy 12% returns instead of doing this much hassle.

 

[satish0987]

I received only 324 as cashback? Even though I have merchant payments of OneCard, Cheq and Mobikwik. Which one of these merchant is not eligible now for cashbacks?

Did you got fi coins instantly for all those 3 merchants?
As per TnC MOBIKWIK is excluded...may be fr MOBIKWIK u didn't get CB

 

[rp0703]

I received only 324 as cashback? Even though I have merchant payments of OneCard, Cheq and Mobikwik. Which one of these merchant is not eligible now for cashbacks?

same, got only 352 cashback.

 

[coseee]

Did you got fi coins instantly for all those 3 merchants?
As per TnC MOBIKWIK is excluded...may be fr MOBIKWIK u didn't get CB

Yes I did get the Fi-Coins for the Mobikwik Transactions and rest of the transactions too.

 

[satish0987]

Invest in mutual fund. Easy 12% returns instead of doing this much hassle.

Yes agreed
Bt here also we get 12% +3%(savings interest)
Net 15% per annum and good liquidity to take funds out whenever needed

 

[Vaasu Annan]

Yes I did get the Fi-Coins for the Mobikwik Transactions and rest of the transactions too.

You'll get the coins but no Cashback for payments to Mobikwik.

 

[coseee]

You'll get the coins but no Cashback for payments to Mobikwik.

Just had a Chat with Fi Customer Care, he specifically said *Yes* to my question of "Are Mobikwik Credit Card Payments eligible for the 2% offer".


Now that I think of it there were some transactions I did between September for which I received Fi-Coins an hour or two late. That's a problem from their end and I also didn't think of leaving a margin between transactions did 10 transactions of 5k. Should've kept some extra.


They say they can't even raise a ticket for this issue as they cannot manually check this as this is system generated from backend. Like bruh.

 

[coseee]

Yes agreed
Bt here also we get 12% +3%(savings interest)
Net 15% per annum and good liquidity to take funds out whenever needed

It's so stupid to compare these things with investments.

 

[atx]

@omkarurankar @rp0703 I've noticed that if the txn details in Fi app shows:

To: One Mobikwik System: N.A
Then cashback is NOT credited.

but if,
To: One Mobikwik System Pvt: N.A.
Then cashback is credited for these txns.

 

[prc1990]

If you don't want to keep guessing and want to get full 500 cb, use cred w/o any thoughts. Keep it very simple. People using debit card to get 20% coins but you may end up not getting 2% cb for the transaction.

 

[Vaasu Annan]

Just had a Chat with Fi Customer Care, he specifically said *Yes* to my question of "Are Mobikwik Credit Card Payments eligible for the 2% offer".


Now that I think of it there were some transactions I did between September for which I received Fi-Coins an hour or two late. That's a problem from their end and I also didn't think of leaving a margin between transactions did 10 transactions of 5k. Should've kept some extra.


They say they can't even raise a ticket for this issue as they cannot manually check this as this is system generated from backend. Like bruh.

A few months back, when I raised a query regarding Cashback, someone from their team called and explained to me that the 2% Cashback is eligible only for those transactions with merchants that are not mentioned in their list. Mobikwik was in that list.

The delay in crediting fi coins still exists. It takes about 30mins to 2hrs for me.

 

[AritraSaha]

Yes agreed
Bt here also we get 12% +3%(savings interest)
Net 15% per annum and good liquidity to take funds out whenever needed

Why not go for hdfc..
They ahve good debit card.
Atleast they don't freeze your account for no reason.

 

[Chaitanya-a]

Yes agreed
Bt here also we get 12% +3%(savings interest)
Net 15% per annum and good liquidity to take funds out whenever needed

It is consuming your time and energy.
Previously the time demand to get cashback was very less but now its too much hassle for few extra percentage. Also, I was telling the least possible return. You can get even 15% return on mutual funds.

 

[satish0987]

It is consuming your time and energy.
Previously the time demand to get cashback was very less but now its too much hassle for few extra percentage. Also, I was telling the least possible return. You can get even 15% return on mutual funds.

Yes previous 10 transactions of 2.5k was easy
Now dng 17 transactions is not at all good

 

[coseee]

@omkarurankar @rp0703 I've noticed that if the txn details in Fi app shows:

To: One Mobikwik System: N.A
Then cashback is NOT credited.

but if,
To: One Mobikwik System Pvt: N.A.
Then cashback is credited for these txns.

For me the Merchant Name only shows as Mobikwik: N.A.

 

[Shraaj]

Currently, I have 25,000 Fi-Coins and want to redeem 500 Amazon GV worth 19,999 Fi-Coins. Should I wait until next month to redeem for a 1000Rs Amazon GV worth 36,499 Fi Coins?