Idfc credit card updates in terms and conditions

[Ankushbagwale]

Receive message from idfc that getting the right mcc codes from the aquirers is not their responsibility and hence inserted a clause to deny rewards at a later date.

Sharing the excerpt.
"Eligibility of transactions for rewards are dependent on acquirers providing the correct online
flag/identifier and merchant category code to the Issuer, which is laid out as per the rules
defined by the network (VISA, MasterCard etc.). If the acquirer sends an incorrect identifier/flag
or merchant category code for transactions, then Issuer will not be held liable to give accelerated
Reward Points for such transactions on Credit Card"

 

[D₹V]

Silent devaluation 🙂