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.

 

[dravidsarang]

I read the parent thread not one but four times to identify what exactly is devalued here and I still can't figure it out.

still in questions?
I think we need a before/after comparison thread for a clear picture.

Btw, for me, the impactful devaluation is capping on utility bill payments for Tata Neu Infinity (earlier 2.5K (5% of 50K) now 2K)

 

[Abhishek012]

Jis speed se saare cards devalue ho rahe hai, wo din door nahin jab @Abhishek012 bhaiya jaldi hee berojgaar ho jaayenge. I mean devalue karwaane ke liye jab kuch bachega hee nahun tau devalue karwaane gei

Tumko mera master plan pata he nahi hai, saare card devalue hone k baad saste me technofino ko acquire kar lene wala. koi batao isko yaar. 🙄🙄

 

[Geebee]

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.

View attachment 63105

Does this apply to the HDFC Biz Black and similar business cards group too? I recently got the Biz Black card. No mails yet.

 

[drsel]

Does this apply to the HDFC Biz Black and similar business cards group too? I recently got the Biz Black card. No mails yet.

It is applicable to all HDFC cards without exception

 

[Lobogris]

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

ITR is fine but they should accept all income. Problem is for self employed or people like me who don't work.

 

[drsel]

ITR is fine but they should accept all income. Problem is for self employed or people like me who don't work.

What income do they not accept ?

 

[mayankcse10]

Just received email for Millennia CC, an additional devaluation is added for it. No reward points on wallet loads from September

 

[MrMonkey]

Just received email for Millennia CC, an additional devaluation is added for it. No reward points on wallet loads from September

Those were the unique features of Millennia CC as most other cards doesn't give reward points on Wallet and EMI

 

[ALOAK]

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?

Of course to all hdfc card. Even I received for diners black metal card

 

[ALOAK]

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

No it is for all. I hold diners black card metal and I too received the email.

 

[StarLord⚡]

I received an email for HDFC Millennia CC that the reward point capping has been revised to 2000 points. Wallet loading and Easy EMI transactions will NOT earn Reward Points.

 

[PSY]

No it is for all. I hold diners black card metal and I too received the email.

Of course it’s for all cards. What I meant is except for the Apple and Tanishq voucher capping rest all are not devaluation for a genuine spender. You need to spend 75K on electricity to reach 2K points!
That’s why I said the devaluation is only for Infinia. Rest all capping are to curb the misuse by some folks and good for genuine spenders.

 

[Card_prof]

HDFC has also reduced APay Gyftr coupon to 10000 per month. That's where its devalued the most for many card users

 

[PSY]

HDFC has also reduced APay Gyftr coupon to 10000 per month. That's where its devalued the most for many card users

yep, this was the worst part!

 

[baheria]

Is this for the HDFC Biz Black card as well? Also, is the 1st September date for transactions or monthly statements?

 

[baheria]

Hi, is it for Business Regalia as well??

 

[Umang85]

Saw a video on YouTube about more silent devaluation on hdfc cards all of them. Either you get instant discounts or points. Not both anymore.
Link to the YouTube video I found while randomly browsing:


Let me know about what your thoughts are about this.

 

[drsel]

Saw a video on YouTube about more silent devaluation on hdfc cards all of them. Either you get instant discounts or points. Not both anymore.
Link to the YouTube video I found while randomly browsing:


Let me know about what your thoughts are about this.

This is fair enough, you should use INFINIA on Smartbuy for 9.9% or 16.5% or 33% Return