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.

 

[ghost2050]

rather ill drop a tweet which is much more efficient as per my past experience with RBL.

 

[ghost2050]

Ill talk to them and inform this forum accordingly

I think they have not enabled your cust id for monthly CB , yet.. dont worry .. you will get it..
Just talk to CC. Firts month there may be some dealy

 

[SSV]

Not eligible for promotion

It seems they still are working on thsi protal..
Did you get your SPDC after April 1 , 2024?

 

[Harsha896]

It seems they still are working on thsi protal..
Did you get your SPDC after April 1 , 2024?

March31st but it seems it's considered as after April 1st as I got the joining vouchers on new portal

 

[SSV]

March31st but it seems it's considered as after April 1st as I got the joining vouchers on new portal

okay, if that is the case, for all the new on-boarders the new website is still not ready yet.. Just need to wait.. ig

 

[Survivor35]

i tried a transaction of 100 rs using hdfc dc via sbi unipay and same fiasco.amount debited but still not credited and there is no information about that transaction as well. i m yet to use both hdfc dc & rbl signature plus this month. Any suggestions, @VISHESH_BANSAL @Abhishek012

 

[SSV]

i tried a transaction of 100 rs using hdfc dc via sbi unipay and same fiasco.amount debited but still not credited and there is no information about that transaction as well. i m yet to use both hdfc dc & rbl signature plus this month. Any suggestions,

Moral of the story.. SPDC will see its slow natural death.. ..
Just move on with other DC options.. Dont waste any time with SPDC..
Abhishek achieved what he always wanted to achieve...

 

[Harsha896]

i tried a transaction of 100 rs using hdfc dc via sbi unipay and same fiasco.amount debited but still not credited and there is no information about that transaction as well. i m yet to use both hdfc dc & rbl signature plus this month. Any suggestions,

For me no issues, I have used both and paid around 80k bills this month..Bills settle usually in 2-3 working days as per bank. I never did more than 20k though as other folks here suggested not to do more than 20k.

 

[Survivor35]

i tried a transaction of 100 rs using hdfc dc via sbi unipay and same fiasco.amount debited but still not credited and there is no information about that transaction as well. i m yet to use both hdfc dc & rbl signature plus this month. Any suggestions, @VISHESH_BANSAL @Abhishek012

funny thing is this happened for AU card(bbps)

 

[Harsha896]

funny thing is this happened for AU card(bbps)

For BBPS you can directly pay on Shriram one or Airtel. Both come under utility MCC(same as unipay) and settlement will be usually instant.

 

[Survivor35]

For BBPS you can directly pay on Shriram one or Airtel. Both come under utility MCC(same as unipay) and settlement will be usually instant.

Check your DM

 

[RockyBond]

Where to use? Any suggestions.

 

[ankurarora898]

I made two payments on sbi unipay 11th may and both showed successful, sbi and hdfc card payments.One got credited(hdfc) and one(sbi) without any notification got reversed 3 days after which my last date and I didn't get to know till few days.My credit score got hit badly,I emailed sbi to reverse the charges and not to report this to the bureau,they have reversed the charges but is there anyway they will rectify this with the bereau's?

 

[Akshay Ajmera]

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.

I just enquired about this debit card yesterday.
Ab Monday ko mnaa karr dunga.

Is this change applicable for rbl enterprise Debit card as well?

 

[DaDarkkNight]

I just enquired about this debit card yesterday.
Ab Monday ko mnaa karr dunga.

Is this change applicable for rbl enterprise Debit card as well?

yes . .

 

[Harsha896]

For cards issued after April 1st cashback for month of April arrived today. Check yours @ghost2050.

Unfortunately I thought only joining voucher it was 50% for Amazon pay voucher. It seems monthly milestone vouchers also we are only able to redeem only 50% for Amazon pay.

 

[DaDarkkNight]

For cards issued after April 1st cashback for month of April arrived today. Check yours @ghost2050.

Unfortunately I thought only joining voucher it was 50% for Amazon pay voucher. It seems monthly milestone vouchers also we are only able to redeem only 50% for Amazon pay.

Please redeem and confirm. Are monthly milestone vouchers only redeemable at 50% for amazon?

 

[Harsha896]

Please redeem and confirm. Are monthly milestone vouchers only redeemable at 50% for amazon?

Yes I tried to redeem, it didn't allow me for full redemption in Apay. Did full redemption on hppay 😅

 

[Card_Crafter]

Guys, what happens incase one is not able to accumulate 1000 points and falls short of say 1 point. Will they allow him to redeem 999 points?

I am assuming it would be multiples of 250/500/750/1000 only.

Which then leads to my second question, what would happen to the remaining 249 points incase 750 points are redeemed?

Will it be carry forwarded to next month or forfeited?

 

[SSV]

Guys, what happens incase one is not able to accumulate 1000 points and falls short of say 1 point. Will they allow him to redeem 999 points?

I am assuming it would be multiples of 250/500/750/1000 only.

Which then leads to my second question, what would happen to the remaining 249 points incase 750 points are redeemed?

Will it be carry forwarded to next month or forfeited?

which bak we are talking about here?