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.

 

[SSV]

Another duplicate thread..
@BVC , @vaibhav111 , @Pavan

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

• 
• 

 

[Ranganath nagaraj]

Another duplicate thread..
@BVC , @vaibhav111 , @Pavan

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

• 
• 

i too received an email confirming the same

 

[himanshu15]

I have HDFC Dinners metal credit card and haven't received this mail. Anyone having dinners metal received this mail?
Today only mailed grievance for infinia upgrade 😂

 

[SaTisHHHH]

Another duplicate thread..
@BVC , @vaibhav111 , @Pavan

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

• 
• 

Ohh, i didn't knew it was already existing.

Can anyone help me with how to delete this thread as people don't get confused.
@SSV @Wealth is my birth right! @vaibhav111

 

[Wealth is my birth right!]

Ohh, i didn't knew it was already existing.

Can anyone help me with how to delete this thread as people don't get confused.
@SSV @Wealth is my birth right! @vaibhav111

Admins are tagged they will merge no worries

 

[SSV]

Ohh, i didn't knew it was already existing.

Can anyone help me with how to delete this thread as people don't get confused.
@SSV @Wealth is my birth right! @vaibhav111

I already tagged moderators, once they come online they will merge with the first posted thread..
there were about 3 or 4 threads that were duplicates.. I tagged all of them.. not sure how many more will be created.

 

[HumorSimpson]

2Cr ulip too

 

[Harry1]

Not received it yet as Infinia holder. But it doesn't affect me at all. Main devaluation for me was the unannounced smartbuy voucher limit.

 

[suva]

It came for Infinia as well. They are sending in batches

 

[sgoyal9]

Received this email now. It seems like I cannot hold any card for every 1 calendar year as a primary 🤣

I am thinking about a new primary card to move on from Infinia. Do not want to jump through the hoops and loops of Axis Bank to try for Magnus Burgundy. Any other suggestions?

 

[BVCBVC is verified member.]

Another duplicate thread..
@BVC , @vaibhav111 , @Pavan

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

• 
• 

Everyone are very excited about the news 😋. Total 3 threads have been created. All are merged now.

 

[bonheur]

I’m unaffected by this particular change, the Gyftr voucher limit was a bigger issue for me. Also boosts some confidence that Infinia’s core value proposition isn’t impacted and it will survive another winter of devaluations hopefully.

I also got a surprise auto-generated limit enhancement last week, so not everything is wrong with HDFC.

 

[shashankrt]

I dont understand what's the devaluation here? They have just capped and limits are reasonable.
For example 60k per month limit for telecom bills and utilities is fine.
And other limits for tanisk and apple anyways don't matter for Infinia as major value is in mile transfer and direct hotel booking via points.

 

[Hemang]

📢 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! 💳✨

Upar ka jo 1st half hai, vo hdfc tata infinity ke liye hai, i received first 3 points describing my infinity card. Now upto Rs 40,000 bills we can pay per month to get 2000 cashback.
Same goes for 2nd point. I have not received 2nd half starting October 1, 2024, as i don't have this card.

 

[IKFLRT]

inse bolo ki amazon vouchers ki limit smartbuy per badha de. 10K de rakhi h, isme aayega kya sala!!!!

 

[drsel]

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

Waiting to apply for this

 

[drsel]

In my view, it’s not a major issue. Mostly, people don’t redeem points on expensive, overpriced Apple products every month. 4 times in a year is more than enough.

As Infinia users can use maximum 70% points to get Tanishq vouchers, they will be able to get Tanishq vouchers of Rs.70,428 in a calendar quarter.

The above are definitely a devaluation, but not a major devaluation. Also, majority of Infinia users redeem the points on flights and hotels. Those users will not be affected at all.

But zero points on education MCC codes and max. 2000 points (on 60000 spends) on utilitiy MCC codes is to prevent misuse

 

[Arkapal Sen]

its across all HDFC Cards D₹V Sir

hdfc dc too?or only cc

 

[m4b]

Waiting to apply for this

 

[Riva]

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

View attachment 63076

I just got similar email for Tata Neu Infinity.
Points 4 and 5 are not applicable for neu infintiy.