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.

Account Plans & Benefits | Fi Money

Fi Money offers 4 plans - Salary, Infinite, Plus, and Standard. Each has its own benefits, choose your plan and enjoy using Fi

fi.money

 

[atx]

Once per month i think. I have been claming it each month.

damn... lost 2500 coins... though useless like cred coins, still gives 1rs for those lottery cards promising upto 1000 lol

 

[Rahul Gupta]

How do we know this for sure?
Because technically, it seems too much calculation for the bank to identify cashback eligibility per txn per day for every customer!

experimented myself. what i do is add 75k at the start of each month and then keep doing three transaactions of 1500rs a day until i reach 500rs cashback then the next day i withdraw my 50k. So technically i keep 50k for only about 6-7days a month.

 

[atx]

experimented myself. what do is add 75k at the start of each month and then keep doing three transaactions of 1500rs a day until i reach 500rs cashback then the next day i withdraw my 50k. So technically i keep 50k for only about 6-7days a month.

yup, this works.. though fi is not worth keeping 50k even for 6 days... kab block karke jhatka dede, kuch pata nahi, as my only txns in fi are these cc bills payment txns via cred

 

[Rahul Gupta]

yup, this works.. though fi is not worth keeping 50k even for 6 days... kab block karke jhatka dede, kuch pata nahi, as my only txns in fi are these cc bills payment txns via cred

It will freeze only if you have provided low income while account opening. This is the case with all the banks.

 

[iamdhamo]

I redeemed this amazon voucher last month, and I remember some tnc mentioned like its once per customer.

Is it redeemable multiple times?

Yes I have done earlier. I choose 1000 if I have 39999 coins but only once or twice I redeemed 500 in same month. Need to check n see again since it's not recent

 

[rp0703]

Once per month i think. I have been claming it each month.

I've been also claiming it every month till last month. But this month it's not letting me claim the voucher. It's saying offer collected. What could be the issue?

 

[Rahul Gupta]

I've been also claiming it every month till last month. But this month it's not letting me claim the voucher. It's saying offer collected. What could be the issue?

I dont know maybe they introduced some limitations.

 

[jack333]

I dont know maybe they introduced some limitations.

Koi federal credit card ka bhi jugad batao deputy commander sahib 🤣

 

[Rahul Gupta]

Koi federal credit card ka bhi jugad batao deputy commander sahib 🤣

Dm me ajao kuch try karenge.

 

[wolfdalalstreet]

All vouchers are greyed incl. Amazon 500 one. Which ones have you all used the 22500 coins for?

 

[atx]

All vouchers are greyed incl. Amazon 500 one. Which ones have you all used the 22500 coins for?

yeah this was my fear, hence I opted for 500cb. As at some point of time I read this voucher can be redeemed only once.
however, other members have confirmed redeeming it multiple times, but mostly once per month, so you can ask cc if you haven't already redeemed it this month (or maybe last 30 days, whatever Fi counts).

 

[iamdhamo]

Yes I have done earlier. I choose 1000 if I have 39999 coins but only once or twice I redeemed 500 in same month. Need to check n see again since it's not recent

I was able to buy two Amazon vouchers today with my coins so limit of one voucher per month may not be correct

 

[wolfdalalstreet]

I was able to buy two Amazon vouchers today with my coins so limit of one voucher per month may not be correct

Interesting. Had you used any of the 500 or 1000 rupee Amazon vouchers last month?

 

[iamdhamo]

Interesting. Had you used any of the 500 or 1000 rupee Amazon vouchers last month?

Yes I redeemed 500 last month

 

[yieldway17]

I was using Paytm Payments Bank savings account for 6+ years now for all my small UPI transactions as I didn't want to pollute my main salary account. It was free, no nonsense, amazingly fast with UPI, and never had any issues. Well, until RBI stopped them from adding money.

I waited till now to see if any resolution will be there and restrictions will be lifted but there are no signs yet.

So I decided to look for alternate Zero Balance Account and I think Fi Standard looks to meet the criteria even after the 1-Jun changes, correct me if I'm wrong.

I want to check a few things:

- Is Fi Standard truly zero balance? I will maintain 3-4k per month but can't guarantee
- How is the UPI speed and failure rate?
- Is UPI Lite supported on Fi/Federal account? Not the Fi app, but UPI Lite based on the account in PhonePe, Google Pay etc.
- I don't need virtual or physical debit card, paper statements etc. so I hope there will be no other fee for Standard plan.

Thanks!

 

[Rahul Gupta]

I was using Paytm Payments Bank savings account for 6+ years now for all my small UPI transactions as I didn't want to pollute my main salary account. It was free, no nonsense, amazingly fast with UPI, and never had any issues. Well, until RBI stopped them from adding money.

I waited till now to see if any resolution will be there and restrictions will be lifted but there are no signs yet.

So I decided to look for alternate Zero Balance Account and I think Fi Standard looks to meet the criteria even after the 1-Jun changes, correct me if I'm wrong.

I want to check a few things:

- Is Fi Standard truly zero balance? I will maintain 3-4k per month but can't guarantee
- How is the UPI speed and failure rate?
- Is UPI Lite supported on Fi/Federal account? Not the Fi app, but UPI Lite based on the account in PhonePe, Google Pay etc.
- I don't need virtual or physical debit card, paper statements etc. so I hope there will be no other fee for Standard plan.

Thanks!

Stay away from Fi. They are famous for freezing accounts. If you want a good savings account for upi you can consider indus indie.

 

[wolfdalalstreet]

Interesting. Had you used any of the 500 or 1000 rupee Amazon vouchers last month?

Still the 500 & 1000 Amazon vouchers are greyed out. Has anyone used them this month?

 

[rextg]

Still the 500 & 1000 Amazon vouchers are greyed out. Has anyone used them this month?

I have used the 500 and it still showing the both voucher in colour.

 

[iamdhamo]

Stay away from Fi. They are famous for freezing accounts. If you want a good savings account for upi you can consider indus indie.

What are the reasons they freeze? I m using fi for more than 11 months I think and curious to know this

 

[raghu.rokda]

What are the reasons they freeze? I m using fi for more than 11 months I think and curious to know this

They assumed authorised transactions as unauthorised transactions…..& then freeze it