Devaluation HDFC Bank All Credit Cards including Infinia devalued effective from 1st Sept 2024

[LordPSN]

HDFC Bank all credit card devaluation effective from 1st Sept, 2024.

Effective from 1st Sept, 2024:
1. Maximum 2000 reward points per month on Utility spends. Telecom & cable transactions will have a separate limit of 2000 reward points per month.
2. No reward points on education fees payment via online portals like cred, cheq, etc.

Effective from 1st Oct, 2024:
3. One apple product redemption per quarter.
4. Maximum 50,000 reward points can be redeemed against Tanishq GV per quarter.

 

[harshgupta940]

Either way they are going to charge 1% over 50k/month on Utility spends. To earn 2k RP you would have to spend 60k at 3.33%. I think HDFC forgot to add this clause in the previous t&c update . Now they realised that above 50k also people could pay 1% and earn 2.33% effective return.

 

[bugmenot]

These all shenanigans are for launching infinia reserve.

 

[m4b]

This will also me advertised as HUGE devaluation

Isn't it for the people who rotate money?

 

[SSV]

Important: Revisions to Your HDFC Bank Credit Card Loyalty Program Effective September 1st, 2024​

I received this email just now for my Infinia card.. Not sure if it is applicable to other HDFC cards as well..
Lets see what others got.. accordingly I will change the title of the thread

 

[Shin-Chan]

Heh, all HDFC cards are getting this update. DCB, millennia, Tata Neu, Swiggy etc.

I am not sure about Regalia or some other niche cards. I'd be surprised if they're left out.

All Card 100% confirmed after reading email

 

[PSY]

Heh, all HDFC cards are getting this update. DCB, millennia, Tata Neu, Swiggy etc.

I am not sure about Regalia or some other niche cards. I'd be surprised if they're left out.

It’s mainly for Infinia, doesn’t affect those card much.
Tanishq and Apple vouchers aren’t available for other cards!

 

[Shin-Chan]

Isn't it for the people who rotate money?

 

[m4b]

These all shenanigans are for launching infinia reserve.

Read somewhere that the eligibility criteria for reserve is 60L+ ITR / 5L pm salary

 

[D₹V]

Important: Revisions to Your HDFC Bank Credit Card Loyalty Program Effective September 1st, 2024​

View attachment 63075

Repost.

Aaj to dukhi ho @SSV sahab ,

 

[vivdwive]

Same for swiggy card too

 

[msankadi]

60L+ ITR / 5L pm salary

Way nirmala tai and banks increasing tax and criteria...seems like everyone has 1 cr+ salary except me

 

[m4b]

Way nirmala tai and banks increasing tax and criteria...seems like everyone has 1 cr+ salary except me

big e - hug

 

[supperman]

It’s mainly for Infinia, doesn’t affect those card much.
Tanishq and Apple vouchers aren’t available for other cards!

True. Cappings on RPs for utility and education payment via 3rd parties - these have been rolled out for all cards.

 

[swipesmart]

I have received a new mail from HDFC which states that utility points will be capped at 2000 per month. Also, Only 1 Apple product can be redeemed every quarter and only 50000 worth of RP can be redeemed for Tanishq vouchers every quarter for my Infinia Card from 1st September.

Is this for all HDFC credit Cards?

View attachment 63070

Blur your card last 4 digit number.

 

[SSV]

Repost.

Aaj to dukhi ho @SSV sahab ,

@BVC and @vaibhav111 please merge my thread with the following thread.. thanks

R

Infinia Thread 'New reward point redemption cap system for HDFC CC!'

Jul 29, 2024

I have received a new mail from HDFC which states that utility points will be capped at 2000 per month. Also, Only 1 Apple product can be redeemed every quarter and only 50000 worth of RP can be redeemed for Tanishq vouchers every quarter for my Infinia Card from 1st September.

Is this for all HDFC credit Cards?

• Rishi Singh
• 2024 devaluation email hdfc hdfc infinia infinia points redemption reward
• Replies: 36
• Forum: HDFC Bank Credit Card

• 
• 

 

[SaTisHHHH]

Attention HDFC Credit Card Holders!

Starting 1st September 2024, new reward point caps and exclusions will apply:

Utility Payments: 2,000 Reward Points
MCC: 4900

Telecom & Cable Transactions: 2,000 Reward Points
MCC: 4812, 4814, 4899

No Reward Points for Education Payments through 3rd party apps like CRED
MCC: 8211, 8220, 8241, 8244, 8249, 8299

Starting October 1, 2024, new reward point redemption caps will be in effect every calendar quarter:

Apple Products: Limited to 1 redemption
Tanishq Vouchers: Up to 50,000 Reward Points

Make sure to review your transactions and plan accordingly to maximize your rewards!

 

[superstar@123]

 

[msankadi]

Attention HDFC Credit Card Holders!

Starting 1st September 2024, new reward point caps and exclusions will apply:

Utility Payments: 2,000 Reward Points
MCC: 4900

Telecom & Cable Transactions: 2,000 Reward Points
MCC: 4812, 4814, 4899

No Reward Points for Education Payments through 3rd party apps like CRED
MCC: 8211, 8220, 8241, 8244, 8249, 8299

Starting October 1, 2024, new reward point redemption caps will be in effect every calendar quarter:

Apple Products: Limited to 1 redemption
Tanishq Vouchers: Up to 50,000 Reward Points

Make sure to review your transactions and plan accordingly to maximize your rewards!

Oh wow I have seen your photo becoming an emoji on TF...how did you become so famous?

 

[SSV]

another duplcate thread just like my thread..
@BVC , @vaibhav111 , @Pavan please merge this with already existing thread

R

Infinia Thread 'New reward point redemption cap system for HDFC CC!'

Jul 29, 2024

I have received a new mail from HDFC which states that utility points will be capped at 2000 per month. Also, Only 1 Apple product can be redeemed every quarter and only 50000 worth of RP can be redeemed for Tanishq vouchers every quarter for my Infinia Card from 1st September.

Is this for all HDFC credit Cards?

• Rishi Singh
• 2024 devaluation email hdfc hdfc infinia infinia points redemption reward
• Replies: 36
• Forum: HDFC Bank Credit Card

• 
• 

 

[LordPSN]

I think this is only for direct utility payments for tata payments there will be no cap(max 2500) on reward points

Bhai this is inclusive of Tata Pay payments!!

Whatever utility payment you will do in Tata Neu, including Neu pass, this limit will be inclusive of that!

In other words, Tata Neu app will also give max 2000 neu coins!