Is it End of Credit card Golden Days?

[Deleted member 27665]

Earlier from 2020 there started the golden time for Credit cards, when i started exploring the credit card world.
Every bank is offering credit cards with lot of reward/cashback/lounge/golf/entertainment/Hotels/Travel offers.

But in recent everything is gone, i see with AXIS all cards devaluation it seems the end of Credit Card Golden Era. At least for Lower and Middle Category Spender.
For High Category Spender and Traveler community still some Advantage i can see.

We have seen some great Cards Like Axis ACE, SBI Cash Back, RBL Zomato, Axis Magnus, Axis Airtel, HDFC Millenia.... Now all are with reward caps and exclusions on major spending's.

So its kind of RIP Credit Card Reward Era.....

What TF Community People thinks... will in future will get any revival....

 

[Credit raja]

rbi was not happy that cc issuing banks did not notify about the cc bukake & ganngbanng going on with customers where banks were piimping out cc to any era gera nathu khera.

upon noticing the risk & default exposure rbi is mad harny & in a bad mood to phuck the banks without any vaseline.

Thats why the banks panicked & devalued the cards to reduce supply before big daddy rbi comes asking to provide compliance audit

Wow such what analogues drawn with sexual activities...

Just curious Are you from Gen z or Gen Alapha ?

 

[sahilgulati5]

Whats gone today will come back tomo in different form!! CC Users have Exponentially increased in last few yrs. Once it start saturating you will see the game of rewards r back in business.. wait till then

 

[paxauquabriba-4876]

Wow such what analogues drawn with sexual activities...

Just curious Are you from Gen z or Gen Alapha ?

u know seks sells.

just Gen Facts

 

[HumorSimpson]

Visakhapatnam, Andhra Pradesh.

andhra pradesh. We are capital less state, so no caps please.

 

[Sai Ganesh]

Valid till Mar 31 2024 (Usually same offers repeat every month)

Get minimum 10% value back on grocery shopping.


Special offers:

Dmart - Get 20% value back up to 500/- on minimum transaction of 500/-

Vishal Mega Mart: Get 20% value back up to 500/- on minimum transaction of 300/-

More: Get 20% value back up to 500/- on minimum transaction of 100/-​

Reliance SMART- Reliance fresh: Get 20% value back up to 500/- on minimum transaction of 100/-​

​

Spencers: Get 20% value back up to 500/- on minimum transaction of 200/-​

​

*User and location specific offers​

can you please let us know how and where to find these special offers bro ?

 

[Gaara]

can you please let us know how and where to find these special offers bro ?

Click on "around you" and select the category you want to explore.

Defualt filter is set to 5km, if you want explore more,
you can set the filters to 20KM

 

[Gaara]

Best offer I found today 30% on apollo.

 

[Sai Ganesh]

Thank you so much bro for the detailed screenshot explanation

 

[Gaara]

andhra pradesh. We are capital less state, so no caps please.

May ending
Jagan Anna osthe Vizag
Chandra Anna osthe Amaravthi

 

[Swastik]

andhra pradesh. We are capital less state, so no caps please.

We'll get a capital soon enough ,the CM Camp office at Rushikonda is coming up Beautifully

 

[Swastik]

if you dont mind can you tell me where you from? I am from morbi, Gujarat. it says in my location they only provide FD Backed card.

You can try putting a rajkot address of your family/friend, might work ,not sure though

 

[Gaara]

You can try putting a rajkot address of your family/friend, might work ,not sure though

Why unnecessary Jamala for OneCard 😂
- Please check if any of your friends are using this card.
- If they do check "Around you" section in their app.
- If you have offers like the one we saw above then it's worth the hassle or else a waste of time and multiple addresses in credit reports.

 

[ccdc]

look...all cards will get devalued coz of abusers like myself....i'm abusing cc from 2017 onwards...be it credit to bank videos on youtube and now abuse rupay like there's no tomorrow....paytm got rbi notice coz of abusers like me who have been milking vijay shekhar sharma for more approx 6 yrs...vss was a great entreprenuer....india should have 100's of ppl like him so we abusers can thrive and thrive more...maybe govt will kill rupay coz of abusers like me...

 

[HumorSimpson]

look...all cards will get devalued coz of abusers like myself....i'm abusing cc from 2017 onwards...be it credit to bank videos on youtube and now abuse rupay like there's no tomorrow....paytm got rbi notice coz of abusers like me who have been milking vijay shekhar sharma for more approx 6 yrs...vss was a great entreprenuer....india should have 100's of ppl like him so we abusers can thrive and thrive more...maybe govt will kill rupay coz of abusers like me...

Why can't they flag users with high transactions in the beginning itself.

 

[Swastik]

look...all cards will get devalued coz of abusers like myself....i'm abusing cc from 2017 onwards...be it credit to bank videos on youtube and now abuse rupay like there's no tomorrow....paytm got rbi notice coz of abusers like me who have been milking vijay shekhar sharma for more approx 6 yrs...vss was a great entreprenuer....india should have 100's of ppl like him so we abusers can thrive and thrive more...maybe govt will kill rupay coz of abusers like me...

well you certainly take pride in your work 😅

But people exploiting loopholes has existed for a long time ,and financial institutions take these losses into account while desiging their products ,

But recently there has been a massive shift in the Industry
It's like the last few years were honeymoon period and now we're settling into ground reality

 

[HumorSimpson]

well you certainly take pride in your work 😅

But people exploiting loopholes has existed for a long time ,and financial institutions take these losses into account while desiging their products ,

But recently there has been a massive shift in the Industry
It's like the last few years were honeymoon period and now we're settling into ground reality

The new fintechs wanted some numbers and intentionally left loopholes, so people use more. Now with all investors running out of money, this game is gonna stop.

 

[Swastik]

The new fintechs wanted some numbers and intentionally left loopholes, so people use more. Now with all investors running out of money, this game is gonna stop.

Also many banks(Axis ,HDFC ,etc) are now less intrested in large customer acquisition and more focused on increasing average revenue per user

SBI and Amex have been like this from the beginning only

 

[vijay.vj]

andhra pradesh. We are capital less state, so no caps please.

 

[Swastik]

If you live here ,it's a bit more complicated than that