Revaluation Kiwi Yes bank cards rolling out

[rojajimmy]

I just saw this post on the CreditcardsIndia Subreddit.

I hope they do not forget the Axis Kiwi card holders focusing on new customers now.

 

[_na_cheese]

and this so called yesbank points in rupee ?

I think Yes will only give us credit
The rewards are handled by kiwi

Right?

 

[Rohith-2009]

I think Yes will only give us credit
The rewards are handled by kiwi

Right?

Yes. .. .

 

[Arkapal Sen]

without booster upi 0.5% online 0.5% above 1.5L 5%
with booster upi 2% online 0.5% above 1.5L 5%

is this 1.5L per month or per year ?

without booster upi 0.5% online 0.5% (this part is not there)above 1.5L 5%

 

[HumorSimpson]

1.5 Lakh per month or per annum?

 

[BeingIncog]

1.5 Lakh per month or per annum?

annually . . . .

 

[HumorSimpson]

annually . . . .

So if I spend 1.5 Lakh in the first month, rest for every spend I get 5%?

 

[CARDiologist]

To summarize all the fragmented points:

1. Its the YES bank that is providing the virtual cc . Axis is NOT. Even if you see axis references in the app, ignore they are just typos.
2. If you already have YES card, kiwi says NO.
3. Only virtual card no physical card.
4. No joining or annual fee
5. vkyc will be done.
6. 1 kiwi = 0.25 rs.
7. Default reward rate is 2 kiwis per 50rs i.e., 1% CB.
8. 999rs subscription (this is FYF) will give you 2% CB and 5%CB for spends above 1.5 Lakh. You can consider this as 1K annual fee card .
9. Minimum redemption is 500 kiwis i.e., 125rs.
10. Earn limit in terms of INR per billing cycle is 0.25% of CL.
11. TODO - online spends --reward rate.... anyways this is abyss.

There is no minimum kiwi redemption criteria in my account. Holding yes kiwi card.

 

[CARDiologist]

So if I spend 1.5 Lakh in the first month, rest for every spend I get 5%?

Noo, You will get 5% only for the 1.5L amount of txn not more than that.

 

[HumorSimpson]

Noo, You will get 5% only for the 1.5L amount of txn not more than that.

Per billing month threshold?

 

[CARDiologist]

Per billing month threshold?

No 5% threshold is calculated annually and comes under Neon subscription.

Check this tnc of Neon subscription

 

[HumorSimpson]

No 5% threshold is calculated annually and comes under Neon subscription.

Check this tnc of Neon subscriptionView attachment 63240

Not really clear. Let's say I spend 50k per month for 4 months in a row, what will be my cashback?

 

[CARDiologist]

Not really clear. Let's say I spend 50k per month for 4 months in a row, what will be my cashback?

You will get 5% cashback for the first 3 months only because for first three months the total spending will be 1.5L.

No 5% rewards beyond that i.e. no 5% for 4th month 50K spend.

 

[Krishna Kumar]

Guys one HELP!

Currently there is 10% instant discount offer running on AJIO for Yes Bank CC.
Can anyone check if the instant discount is getting applied on Kiwi Yes Card???

 

[HumorSimpson]

You will get 5% cashback for the first 3 months only because for first three months the total spending will be 1.5L.

No 5% rewards beyond that i.e. no 5% for 4th month 50K spend.

For people having 13k spends approx per month, at the end of the year they get 5% almost right?

 

[CARDiologist]

For people having 13k spends approx per month, at the end of the year they get 5% almost right?

Ye s correct

 

[HumorSimpson]

Ye s correct

One more question, for spends beyond 1.5 Lakh, will I get 2%. ¿

 

[althafvly]

one more thing @HumorSimpson bro..u need 500kiwis..to transfer it to bank..so in that case also..its great..considering each 100rs gives 8 kiwis..plus its lft card..so for upi spends its great
and other online spends give 2yesbank rp..+ 0.50%value kiwi..aka 2kiwi on 100 on online spends

You only need 4 kiwis to transfer to bank account.

 

[althafvly]

To summarize all the fragmented points:

1. Its the YES bank that is providing the virtual cc . Axis is NOT. Even if you see axis references in the app, ignore they are just typos.
2. If you already have YES card, kiwi says NO.
3. Only virtual card no physical card.
4. No joining or annual fee
5. vkyc will be done.
6. 1 kiwi = 0.25 rs.
7. Default reward rate is 2 kiwis per 50rs i.e., 1% CB.
8. 999rs subscription (this is FYF) will give you 2% CB and 5%CB for spends above 1.5 Lakh. You can consider this as 1K annual fee card .
9. Minimum redemption is 500 kiwis i.e., 125rs.
10. Earn limit in terms of INR per billing cycle is 0.25% of CL.
11. TODO - online spends --reward rate.... anyways this is abyss.

There's no minimum redemption limit. I even transferred 4kiwis = 1rs without issues.

For online spends it's 0.5% value back.

 

[althafvly]

Guys one HELP!

Currently there is 10% instant discount offer running on AJIO for Yes Bank CC.
Can anyone check if the instant discount is getting applied on Kiwi Yes Card???

No way to check without full card number.

 

[CARDiologist]

One more question, for spends beyond 1.5 Lakh, will I get 2%. ¿

I didn't find mention of any caping for 2% reward rate.

But, I think you won't get anything beyond 1.5L.This is just my assumption though.Have to confirm with cc.