Highly risky update! Brands are now officially onboarding themselves in our TF Community

[RewardsAlert]

Dear TF Community members,
As you all already know, some bankers and senior bank employees were previously spying in our forum for tracking certain exploited bugs/loopholes and also individual profiles based on certain criteria.
Now, from today onwards, I have noticed an unusual profile with the name of Gyftrhelp which is addressing people's concerns, doubts and queries regarding gyftr, and using officially templated replies in formal lingo.
I have confirmed that this account is the official account of Gyftr and they have officially onboarded themselves here.
This can be hint/alarm for all of you, why only in the recent times, we were facing restriction for purchasing vouchers on Gyftr, like the limit introduced for new accounts, such as 15k in first 15 days, 30k in 30days, and so on. Even this is the culprit, why Apay GC Limit keeps on changing frequently. ASV was devalued from 50k to 25k.
This is a very alarming and scary news at the same time, because the goal of this forum was to informally discuss certain CC related benefits, and updates among ourselves as consumers, but now onboarding of brands/banks will lead to the closure of many offers/ reducing of many limits/ and whatnot. Now, everything will be under their close watch and radar.
Previously also I had written a warning post regarding the same, but no action was taken. Now it's high time if we wish to safeguard our interests, and maintain this lovely forum among ourselves.

Pls Beware! There a lot of Bankers sitting inside this forum and tracking your activities.

I have got some insider information from some sources that there a lot and when I say lot, really a lot of Banking Officials are sitting and hiding inside this forum! Please be aware of them, mostly private sector banks like HDFC, ICICI and Axis have appointed some of their staff, but some of...

www.technofino.in

We have few senior members among us who is having quite good knowledge and experiences in this field like @gurbina @Kenu73 who can further enlighten on how to overcome this problem.
Please do share what can be the possible consequences: @Credit Karma @CREDITDATA and other members as well.
I humbly request @TechnoFino @Subhankar to look into this matter seriously because the now TF community is not a small/tiny forum, it has grown manifolds and the amount of data available here is huge, for any bank to impose limitations and restrictions on it's products/services, and leading to multiple severe outcomes. Please introduce some barrier to entry in the forum or we'll have to find a unique solution to tackle this.
Taking leave, and hope my suggestions/views are looked upon.
Regards
A CC Enthusiast

 

[RaviAglRaviAgl is verified member.]

I cannot think of any way other than to keep a close watch on such people. If they don't post anything, it is almost like google indexing the forum.

But good things don't last long. Other than this forum, there are plenty of channels sharing tips and tricks. So, when we as users try to benefit from them, banks and others find popular posts and plug those loopholes.

It is a two way street. Nothing much can be done other than savour the moment and make the most of it.

Thanks,

 

[TheMentalist]

Dear TF Community members,
As you all already know, some bankers and senior bank employees were previously spying in our forum for tracking certain exploited bugs/loopholes and also individual profiles based on certain criteria.
Now, from today onwards, I have noticed an unusual profile with the name of Gyftrhelp which is addressing people's concerns, doubts and queries regarding gyftr, and using officially templated replies in formal lingo.
I have confirmed that this account is the official account of Gyftr and they have officially onboarded themselves here.
This can be hint/alarm for all of you, why only in the recent times, we were facing restriction for purchasing vouchers on Gyftr, like the limit introduced for new accounts, such as 15k in first 15 days, 30k in 30days, and so on. Even this is the culprit, why Apay GC Limit keeps on changing frequently. ASV was devalued from 50k to 25k.
This is a very alarming and scary news at the same time, because the goal of this forum was to informally discuss certain CC related benefits, and updates among ourselves as consumers, but now onboarding of brands/banks will lead to the closure of many offers/ reducing of many limits/ and whatnot. Now, everything will be under their close watch and radar.
Previously also I had written a warning post regarding the same, but no action was taken. Now it's high time if we wish to safeguard our interests, and maintain this lovely forum among ourselves.

Pls Beware! There a lot of Bankers sitting inside this forum and tracking your activities.

I have got some insider information from some sources that there a lot and when I say lot, really a lot of Banking Officials are sitting and hiding inside this forum! Please be aware of them, mostly private sector banks like HDFC, ICICI and Axis have appointed some of their staff, but some of...

www.technofino.in

We have few senior members among us who is having quite good knowledge and experiences in this field like @gurbina @Kenu73 who can further enlighten on how to overcome this problem.
Please do share what can be the possible consequences: @Credit Karma @CREDITDATA and other members as well.
I humbly request @TechnoFino @Subhankar to look into this matter seriously because the now TF community is not a small/tiny forum, it has grown manifolds and the amount of data available here is huge, for any bank to impose limitations and restrictions on it's products/services, and leading to multiple severe outcomes. Please introduce some barrier to entry in the forum or we'll have to find a unique solution to tackle this.
Taking leave, and hope my suggestions/views are looked upon.
Regards
A CC Enthusiast

Groups feature is already launched for sharing sensitive info : https://www.technofino.in/community/threads/technofino-community-group-is-here.10597/

 

[akshayhs]

I had already reported this to @TechnoFino and team and such cases are being handled internally. I am unsure if I can disclose the conversation here, but deciding not to. Don't worry. They will handle issues like these on priority.

 

[SiddharthR]

I had already reported this to @TechnoFino and team and such cases are being handled internally. I am unsure if I can disclose the conversation here, but deciding not to. Don't worry. They will handle issues like these on priority.

I had some issue regarding my thread, so I had contacted TF 2 weeks ago, & after a week when I asked him for update then he said, busy because of creditpedia app, allow me some time. No update so far. BTW, it was not much serious but was to find out a rotten mod😐

 

[saucy]

Bas bas the beginning of the end

 

[Hitman_107]

What we can do is minimize the people on this forum by taking their job access card if salaried and ask them their designation. And we can do one thing that we dont let the people enter the forum itself who belongs banks.. so that way we can minimize the entry of senior bank officials since company i card is only provided for their tenure in the company…for self employed i donot have anything in mind but TF admin members or the users can always find creative ideas in some time to identify the self employed type and ensure that wrong people are not entering the forum…..

 

[anirban.choudhuryanirban.choudhury is verified member.]

Don’t be paranoid guys
Banks won’t take decisions based on our discussions

They run a multi billion dollar business , their product offerings are changed after several round of discussions , POC’s and what not

Remember some flaws are kept so that they can be exploited
Only at the end one can understand who won and who lost

 

[Walter White]

Bank employees joining TF and finding Abhishek giving information on loopholes on this forum and causing them losses 😂

 

[pprakash11]

Meanwhile, me pointing out on who the hell was Gyftrhelp 🤣🤣

 

[RewardsAlert]

Don’t be paranoid guys
Banks won’t take decisions based on our discussions

They run a multi billion dollar business , their product offerings are changed after several round of discussions , POC’s and what not

Remember some flaws are kept so that they can be exploited
Only at the end one can understand who won and who lost

I agree with what you say about "Banks"
But I have concerns regarding their partners as well.
One most used is "Gyftr"
What is the reason according to you that they are playing with transaction limits on Axis Giftedge.
Not even Gyftr Smartbuy, Yono or any other bank
Why only on Axis Giftedge and Amex Gyftr and that too for Amazon GV and ASV.
There is something from this forum that they have identified as a potential threat.
Some people are discussing the opportunity to buy and sell gold coins from say Amazon.
Or rotate money , Manufactured Spending etc with Amazon/ASV because in gift card industry, only Amazon is cash equivalent.

Now please help me with what logic they started allowing 50k Apay GV in Feb & March, in April they did it 10k, devalued ASV from 50k to 25k, introduced account specific limits like 10k in 10 days, so on.
Even they joined community on 27th March.
They are frequently changing their T&C for Axis Gyftr only, why?
Most probably because of Magnus effect, a hell lot of people are MS'ing using Magnus and specifically Gyftr, so they catched the same and doing such experiments.
Now from some time, they again removed per account limit.

If you have some concrete logic for why only Axis Gyftr is doing this, please share, and shall we let it continue, in spite of knowing everything?

 

[saucy]

Create groups where people are added only based on someone else's referral

 

[Walter White]

I agree with what you say about "Banks"
But I have concerns regarding their partners as well.
One most used is "Gyftr"
What is the reason according to you that they are playing with transaction limits on Axis Giftedge.
Not even Gyftr Smartbuy, Yono or any other bank
Why only on Axis Giftedge and Amex Gyftr and that too for Amazon GV and ASV.
There is something from this forum that they have identified as a potential threat.
Some people are discussing the opportunity to buy and sell gold coins from say Amazon.
Or rotate money , Manufactured Spending etc with Amazon/ASV because in gift card industry, only Amazon is cash equivalent.

Now please help me with what logic they started allowing 50k Apay GV in Feb & March, in April they did it 10k, devalued ASV from 50k to 25k, introduced account specific limits like 10k in 10 days, so on.
Even they joined community on 27th March.
They are frequently changing their T&C for Axis Gyftr only, why?
Most probably because of Magnus effect, a hell lot of people are MS'ing using Magnus and specifically Gyftr, so they catched the same and doing such experiments.
Now from some time, they again removed per account limit.

If you have some concrete logic for why only Axis Gyftr is doing this, please share, and shall we let it continue, in spite of knowing everything?

They don't need this forum to determine why they have been doing so. They have a whole team to keep track of consumer spends and any spend patterns will arouse attention. Even for Amex Gyftr, they have started to put capping on GV purchases.

 

[RewardsAlert]

I can vouch for one more strong example of SCB.
I can bet SCB is one of the most ignorant Bank in India.
Their products are almost useless expect SC Ultimate which got devalued in March.
Can you observe a trend/cycle.
Why a silent Bank like SCB did devaluation this year only, on categories like Supermarkets on which each and every CC provided rewards.
Don't you think even a bank who has low featured products is keen on losing customer base after devaluation.
SC Ultimate was a no nonsense card, from years. Why would they randomly want to devalue it.
See, I agree they have billion dollar business, but they incur losses when people increase money rotation/exploiting loopholes using CC to bank.
After all they are not for charity.
You can very well remember the incident of Axis Bank sending commercial notices last month itself.
SBI CB also got devalued in same period.
Why everything is happening in same timeline?
It's not a coincidence.
It's a bigger alert for all of us to be aware and cautious while sharing these bugs/tricks.
I myself have experienced this trouble with Axis, during my card application.
Overall point is, devaluation is inevitable, but it can be slowed if we start following some basic measures.
Creating a barrier for entry to the forum was one of the feasible solutions to me.

 

[RewardsAlert]

They don't need this forum to determine why they have been doing so. They have a whole team to keep track of consumer spends and any spend patterns will arouse attention. Even for Amex Gyftr, they have started to put capping on GV purchases.

Going as per your logic, can you simply tell me, is there a need to appoint a special support team for TF community to solve our queries?

 

[Abhishek012]

Bank employees joining TF and finding Abhishek giving information on loopholes on this forum and causing them losses 😂

View attachment 15114

Banks ka toh pata nahi but NPCI wale mujhe hamesa se he track karte aaye hain har jagha.

Ab toh NPCI k CEO tak mere tweets ko like karne lage hain. 🤣🤣

 

[Walter White]

Banks ka toh pata nahi but NPCI wale mujhe hamesa se he track karte aaye hain har jagha.

Ab toh NPCI k CEO tak mere tweets ko like karne lage hain. 🤣🤣

NPCI ke CEO ko bolo job bhi de de tumhe. Unse zyada unka promotion toh aap kar rhe ho. 😅

 

[anirban.choudhuryanirban.choudhury is verified member.]

I agree with what you say about "Banks"
But I have concerns regarding their partners as well.
One most used is "Gyftr"
What is the reason according to you that they are playing with transaction limits on Axis Giftedge.
Not even Gyftr Smartbuy, Yono or any other bank
Why only on Axis Giftedge and Amex Gyftr and that too for Amazon GV and ASV.
There is something from this forum that they have identified as a potential threat.
Some people are discussing the opportunity to buy and sell gold coins from say Amazon.
Or rotate money , Manufactured Spending etc with Amazon/ASV because in gift card industry, only Amazon is cash equivalent.

Now please help me with what logic they started allowing 50k Apay GV in Feb & March, in April they did it 10k, devalued ASV from 50k to 25k, introduced account specific limits like 10k in 10 days, so on.
Even they joined community on 27th March.
They are frequently changing their T&C for Axis Gyftr only, why?
Most probably because of Magnus effect, a hell lot of people are MS'ing using Magnus and specifically Gyftr, so they catched the same and doing such experiments.
Now from some time, they again removed per account limit.

If you have some concrete logic for why only Axis Gyftr is doing this, please share, and shall we let it continue, in spite of knowing everything?

It’s not like that bro
They are running a 1500 cr company they can’t be making decisions based on what 3 to 4K people discuss in a community . Moreover when it comes to gyftr/edgerewards the decision is more with Axis than with gyftr .

 

[Wealth is my birth right!]

I feel better now to discuss only card related things and not about wallets or anything related to meeting milestone requirements lol
Lets keep like this and implement for 3 months so that we won’t loose any value of cards
I always feel individually if everyone decide something it will slow and steady win the race

 

[halogodx]

I think not too much of a worry, banks have been on this site for a long time. They will only start devaluing if the amount of people abusing something goes past a certain threshold, if not they profit by all the people who cannot pay off the full bill each month but are chasing reward points.