Devaluation RBL Signature+ DC Devalued - No More Cashback on Credit Card payments & GC Purchase

[ramkumar_yramkumar_y is verified member.]

RBL Signature+ Debit Card Devalued - No More Cashback Voucher on Credit Card Payment & Gift Card related MCC.

While you continue to make the most of your RBL Bank Signature+ Debit Card, we would like to update you with respect to the updated calculations for spends threshold and transactions that will be excluded for availing Monthly Voucher/Annual Voucher/waiver of annual fee, effective 01st May 2024:

1.International transactions and/or transactions carried out on the Merchant Category Codes (MCC) listed below will be excluded from availing Monthly and Annual vouchers and will also not be considered for availing the benefits of the waiver of Annual Fee:

6012- Financial Institutions – Merchandise, Services, and Debt Repayment
6051 - Non-Financial Institutions – Foreign Currency, effective through 19 January 2024, Non-Fiat Currency and effective from 20 January 2024 Liquid and Cryptocurrency Assets (for example: Cryptocurrency), Money Orders (Not Money Transfer), Account Funding (not Stored Value Load), Travelers Cheques, and Debt Repayment
6540- Non-Financial Institutions – Stored Value Card Purchase/Load
6211- Security Brokers/Dealers

2. The minimum spends threshold for being eligible for Monthly vouchers with effect from 1 May 2024 will be INR 25,000 for current account customers.

Full circular attached below.

 

[MS R]

yes just now

 

[C_R]

got 995 points..made 500 rs less transaction last month...redeemed 750 for amazon...what is the best way to utilise the remaining points

 

[mojo_jojo123]

got 995 points..made 500 rs less transaction last month...redeemed 750 for amazon...what is the best way to utilise the remaining points

smiliar issue with me as well

 

[Dexter]

when do we get the annual 5k milestone benefit? I got card in June 23, but I have still not received.

 

[Deathsnatcher]

Apay removed for redemption lol

 

[Card_Crafter]

when do we get the annual 5k milestone benefit? I got card in June 23, but I have still not received.

By next month or in 13th month.

 

[MS R]

when do we get the annual 5k milestone benefit? I got card in June 23, but I have still not received.

in july .

 

[Card_Crafter]

Apay removed for redemption lol

Just now redeemed 1k AGV.

 

[Deathsnatcher]

That was a sarcastic joke...lmao

 

[VISHESH_BANSAL]

Those who are on new Redemption Portal are you able to redeem full 1k as AGV or only 50% i.e, 500 ?

 

[sourpai]

Full 1K redemption in Amazon Pay Voucher

 

[AllThatStuff]

What is this...

new Redemption Portal

???

 

[mashreq]

I haven't got mine yet. Had transacted for 1Lakh and merchant name was Paytm Noida

 

[Deathsnatcher]

I haven't got mine yet. Had transacted for 1Lakh and merchant name was Paytm Noida

it was clearly told only utility should be done with mcc 4900
why you chose paytm noida?

 

[VISHESH_BANSAL]

What is this...

???

For new Customers on boarded April'24 onwards

 

[mashreq]

it was clearly told only utility should be done with mcc 4900
why you chose paytm noida?

I remember in one of the posts it was mentioned Paytm would be considered hence transacted there. If not Paytm where should one transact to get the reward points?

 

[Abhishek012]

I remember in one of the posts it was mentioned Paytm would be considered hence transacted there. If not Paytm where should one transact to get the reward points?

LOL, Paytm is not eligible.

Use SBI unipay, airtel app, Jio finance app etc.

 

[Harsha896]

LOL, Paytm is not eligible.

Use SBI unipay, airtel app, Jio finance app etc.

Jio finance is risky guys. Don't use it as it's still in beta.. 20k of mine stuck there.. and app only shows if transaction bill payment sucess or fail. In my case, it was pending, no way to track the transaction and support won't help without transaction id. Raised a charge back request from DC just in case if i don't get money back in 4-5 days

 

[Harsha896]

Those who are on new Redemption Portal are you able to redeem full 1k as AGV or only 50% i.e, 500 ?

Last month it only allowed me 50%

 

[VISION]

LOL, Paytm is not eligible.

Use SBI unipay, airtel app, Jio finance app etc.

is canara bill payment eligible?