Devaluation OneCard - 5x Devaluation

[the.avhishek]

Hi,

We have updated the terms and conditions for the reward points on your SIB One Credit Card. This will be implemented with effect from January 6th, 2025.

Key highlights :

- To be eligible for 5X rewards, you need to make a purchase in at least 3 categories. Further, a category wise spend of minimum Rs. 750 to unlock for 5X consideration

- Reward points can be earned in categories such as Education, Bills & Utilities, and Insurance, as defined by the Merchant Category Codes (MCCs) from our network partner or categorized by the bank.

For these categories, if eligible for 5X rewards, incremental rewards will only be offered subject to the total rewards under these categories not breach 25,000 points

- Merchant EMI will not be eligible for reward points

- Misuse of the reward program may lead to cancellation of reward points and any used reward points may be recovered by adding the corresponding amount to your outstanding balance and also reserves the right to reclassify the merchant category based on the transaction use case pertaining to the merchant


Regards,
Team SIB One Credit Card

 

[nayra]

My USP for Govt transactions is gone..

 

[HumorSimpson]

 

[JigmeKhesar]

no such alert for BoB Cards OneCard, yet

 

[the.avhishek]

no such alert for BoB Cards OneCard, yet

 

[Riya]

Hi,

We have updated the terms and conditions for the reward points on your SIB One Credit Card. This will be implemented with effect from January 6th, 2025.

Key highlights :

- To be eligible for 5X rewards, you need to make a purchase in at least 3 categories. Further, a category wise spend of minimum Rs. 750 to unlock for 5X consideration

- Reward points can be earned in categories such as Education, Bills & Utilities, and Insurance, as defined by the Merchant Category Codes (MCCs) from our network partner or categorized by the bank.

For these categories, if eligible for 5X rewards, incremental rewards will only be offered subject to the total rewards under these categories not breach 25,000 points

- Merchant EMI will not be eligible for reward points

- Misuse of the reward program may lead to cancellation of reward points and any used reward points may be recovered by adding the corresponding amount to your outstanding balance and also reserves the right to reclassify the merchant category based on the transaction use case pertaining to the merchant


Regards,
Team SIB One Credit Card

I didn't got any such mail for my BoB One Card...
Btw... What's SIB in SIB One Card

 

[BVCBVC is verified member.]

I didn't got any such mail for my BoB One Card...
Btw... What's SIB in SIB One Card

South Indian Bank.

 

[BVCBVC is verified member.]

Received for Federal Bank One card too.

 

[Riya]

Well most of the conditions are irrelevant except the minimum spend criteria for 5x rewards

 

[brucelee]

Received for BoB onecard too

 

[aniketkr.sharma]

Hi,

We have updated the terms and conditions for the reward points on your SIB One Credit Card. This will be implemented with effect from January 6th, 2025.

Key highlights :

- To be eligible for 5X rewards, you need to make a purchase in at least 3 categories. Further, a category wise spend of minimum Rs. 750 to unlock for 5X consideration

- Reward points can be earned in categories such as Education, Bills & Utilities, and Insurance, as defined by the Merchant Category Codes (MCCs) from our network partner or categorized by the bank.

For these categories, if eligible for 5X rewards, incremental rewards will only be offered subject to the total rewards under these categories not breach 25,000 points

- Merchant EMI will not be eligible for reward points

- Misuse of the reward program may lead to cancellation of reward points and any used reward points may be recovered by adding the corresponding amount to your outstanding balance and also reserves the right to reclassify the merchant category based on the transaction use case pertaining to the merchant


Regards,
Team SIB One Credit Card

Ye kisi kaam ka card lgta v hai kya?
5x mtlb 1% cashback htt bc itta to normal koi v cashback card de deta h

 

[akiratoriyama]

Ye kisi kaam ka card lgta v hai kya?
5x mtlb 1% cashback htt bc itta to normal koi v cashback card de deta h

Only useful for 0% forex and maybe one pass now

 

[akshayhs]

The end for this card was already set when they devalued for offline spends. It was living on a ventilator. Looks like they ran out of costs to keep the ventilator on, so they are pulling the plug.

 

[karankayastha]

My USP for Govt transactions is gone..

What was the usp for government transactions?

 

[nayra]

What was the usp for government transactions?

Mainly NPS, I don't have AMEX but Onecard has no govt exclusions, so if I get its category to 5x I get 1%, which cancels out 0.9% CC charges but was better than nothing

 

[JigmeKhesar]

got it yesterday. time to put the card in storage.

also got a credit limit increase on one of the OneCards last week.

 

[VSC]

Hi, I see Spend and Win campaign in the offers section of the app. It shows 100% coins for the transactions made using the card. So, my question is will we get all the coins credited into our account mentioned in that section or not?

 

[nayra]

Hi, I see Spend and Win campaign in the offers section of the app. It shows 100% coins for the transactions made using the card. So, my question is will we get all the coins credited into our account mentioned in that section or not?

Lol those coins are like score, who spent how much during the offer period used to rank the users, not the cashback points!!