Devaluation HDFC SmartBuy New Charges

[bran_the_shipwright]

I was using Swiggy hdfc to buy Amazon gift voucher from smartbuy to pay society maintenance fee which takes az pay but charges 2.36% as convenience. I was barely staying afloat combining smartbuy convenience fee and mygate convenience fee. Now Swiggy card is dead for me

 

[ashwinikumar900]

I was using Swiggy hdfc to buy Amazon gift voucher from smartbuy to pay society maintenance fee which takes az pay but charges 2.36% as convenience. I was barely staying afloat combining smartbuy convenience fee and mygate convenience fee. Now Swiggy card is dead for me

"Barely staying afloat" 😁, that's a good one. The struggle of the common man is limitless. As long as you keep your head high, it will be alright.

 

[aniketkr.sharma]

I was using Swiggy hdfc to buy Amazon gift voucher from smartbuy to pay society maintenance fee which takes az pay but charges 2.36% as convenience. I was barely staying afloat combining smartbuy convenience fee and mygate convenience fee. Now Swiggy card is dead for me

Now upto diners privilege every card is just a normal card on smartbuy portal

 

[bran_the_shipwright]

"Barely staying afloat" 😁, that's a good one. The struggle of the common man is limitless. As long as you keep your head high, it will be alright.

Barely afloat as in the delta was quite minimal and not worth it. Obviously this has no impact on my life on standard of living, human nature is to crib whenever you face minor inconvenience. I don’t understand this holier than thou behaviour

 

[girish3456]

HDFC really devaluing their DCB

For Infinia, it still makes sense, but for DCB, 5.9% will not make much sense. Could get 5% via SBI cashback itself

But still the reward points that they give beats this additional amount they are imposing on gift vouchers in the form of gst.

Reward points, if you use it on hdfc smartbuy portal for flight or hotel booking, u can redeem the points at a ratio of 1:1 (2 reward point equals to 1 rupee) which is still not bad at all

 

[Kushagra_]

Devaluation is every 6 months now days.

Devaluation is every 6 days now a months

 

[Kushagra_]

HDFC SmartBuy have now introduced below additional charges on Flipkart, Amazon Pay & Amazon Shopping Vouchers bringing down the effective reward rate.
1. Flipkart Gift Voucher: 2.5% + GST
2. Amazon Shopping Voucher: 3.5% + GST
3. Amazon Pay Gift Card: 3.5% + GST

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I too noticed it yesterday when buying apay vouchers but was confused, i checked that I have paid 2.5% earlier but a post here also said it was upped to 3
Yesterday I paid 3.5

 

[SmartyAadi]

But still the reward points that they give beats this additional amount they are imposing on gift vouchers in the form of gst.

Reward points, if you use it on hdfc smartbuy portal for flight or hotel booking, u can redeem the points at a ratio of 1:1 (2 reward point equals to 1 rupee) which is still not bad at all

What are you high on ?
You are basically contradicting your own statement by saying 1:1, and then saying 2RPs are 1rs.

Also, while yes it does, a lot of entry level to mid tier cards are beating the RR or almost at par.

SBI Cashback, ICICI apay via iShop (4% iCash & 1% as Apay balance), Axis atlas etc.

Plus, you are basically paying 4.13% upfront which is not worth the 0.9% extra you get on DCB imo

 

[SmartyAadi]

I too noticed it yesterday when buying apay vouchers but was confused, i checked that I have paid 2.5% earlier but a post here also said it was upped to 3
Yesterday I paid 3.5

Apay has been at 3.54% for quite a while.
ASV & FK were 2.95%.

 

[Kushagra_]

Apay has been at 3.54% for quite a while.
ASV & FK were 2.95%.

3.54 including taxes right?
Now 4.13 including taxes

 

[SmartyAadi]

3.54 including taxes right?
Now 4.13 including taxes

Yep, correct. You are right

 

[ccdc]

IShop does not impose any additional charges. Consequently, I have changed my gift voucher purchasing from HDFC DCB METAL and BIZ BLACK to ICICI TIMES BLACK.

how many rupees worth do you purchase in a month???

 

[OGSlyercrust]

This is why at the start of every month I purchase full limit of Amazon and Bigbasket vouchers through my EPM that anyday now ICICI may also add convenience charge to their voucher transaction.

 

[ashwinikumar900]

how many rupees worth do you purchase in a month???

Upper limit is 12K/Month for amazon, flipkart, Myntra.

 

[sparkit]

Doesn't seem so. Still showing 2.95% for me

Sorry. I added the Amazon pay to cart and in the Flipkart page it showed total cart value for Amazon pay. I misunderstood as Flipkart.

 

[rams]

2% . .

So, buying in iShop brings the same cashback as buying in Amazon. Am I right?

 

[SmartyAadi]

So, buying in iShop brings the same cashback as buying in Amazon. Am I right?

No. It is 5%. 1% in Apay & 4% in iCash, when bought via iShop. They were probably referring to Apay bought via Amazon app using Apay ICICI

 

[girish3456]

What are you high on ?
You are basically contradicting your own statement by saying 1:1, and then saying 2RPs are 1rs.

Also, while yes it does, a lot of entry level to mid tier cards are beating the RR or almost at par.

SBI Cashback, ICICI apay via iShop (4% iCash & 1% as Apay balance), Axis atlas etc.

Plus, you are basically paying 4.13% upfront which is not worth the 0.9% extra you get on DCB imo

We'll you are genius. Thanks

 

[techie_space]

Well, now we can say SBI Cashback >= DCB
REASON: I can purchase Amazon E Gift card and earn 5%, and also 1% back while doing payment, totalling 6%.
Where as DCB can fetch only 5.9%.

Added to this, CB limit on SBI Cashback is 5000 per month. On DCB 590 effectively for Amazon vouchers.

 

[jk51]

Would like to see how people work around DCB spends and annual milestone post this through other spends especially paid card holders. Now it only makes sense for those who actually use Smartbuy multiplier for travel related bookings. For those who chased the card making endless spends on previous card (at a low reward rate) with no guarantee of upgrade but still made it and now this. Sad. Instances and devaluations such as this highlight a critical fact never chase a card just for the hack or FOMO rather pursue it (reasonably) if it matches one’s lifestyle. Nothing is permanent in the world.