RBL Signature Plus Debit Card devalued

[ccdc]

Revision of RBL Bank Signature+ Debit Card Terms and Conditions:

As part of our constant endeavor to provide you with the best experience, we would like to highlight the following
benefits on your RBL Bank Signature+ Debit Card:

• Zero mark up on all your international spends carried out through POS/Online payments.
• Two (2) complimentary lounge access every quarter at select domestic airports.
• 1% monthly cashback as vouchers (up to INR 1,000) on minimum monthly spends of INR 10,000 on POS/Online
Payments.
• Annual Vouchers of INR 5,000 on spends of INR 5 lakhs on POS/Online Payments.
• Insurance cover up to INR 2 Crores
• Waiver on Annual fee pertaining to the subsequent year on carrying out minimum spends of INR 3 Lakhs on
POS/Online payments in the previous year.

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.

Merchant Category Codes & (MCC) Description:
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 01st May 2024 will be INR
25,000 for current account customers.

Disclaimer: The transactions for each category are identified through Merchant Category Codes (MCC), defined by the
card network such as Visa, MasterCard and RuPay. RBL Bank does not define the merchant category.

from April 1 amazon vouchers are only 50% of joining rewards given so only 2.5k i/o 5k.....other vouchers would be still 5k

 

[Abhishek012]

What will happen after doing this

Nothing, We will continue to use the debit/credit card/UPI without reward points.

When you use cash, do you get any discounts or cashback? No, right?

 

[HumorSimpson]

I will pretend as if I understood it all

That's Sanskrit.

punarapi jananam punarapi maraam, describes the process of samsara. PunaH is again, jananam is birth. Punarapi jananam means being born again, punarapi maraa_ means dying again.

Cycle of life

 

[SSV]

That's Sanskrit.

punarapi jananam punarapi maraam, describes the process of samsara. PunaH is again, jananam is birth. Punarapi jananam means being born again, punarapi maraa_ means dying again.

Cycle of life

Everyone would have got it at the first attempt had you written this either in Sanskrit or Hindi

 

[telescope]

Bajaj finance has 4900 mcc confirmed in written from HDFC

Kya ye chalegi?

You mean bajaj finserv?

 

[doraemon]

You mean bajaj finserv?

Thing is Bajaj uses two terminals
One is Bajaj finserv and other is Bajaj finance ltd
Here if u see Bajaj finance ltd mcc is ,4900
It was told by HDFC last month

 

[doraemon]

Nothing, We will continue to use the debit/credit card/UPI without reward points.

When you use cash, do you get any discounts or cashback? No, right?

Hey bro
Majak se hatke

Mere 3 rupay cards iss mahine due hai
Usme se 2 cards pe 354 charges hai
To is there any possibility of extension of offer or should I block my card to escape the matrix

 

[Vasuki]

Nothing, We will continue to use the debit/credit card/UPI without reward points.

When you use cash, do you get any discounts or cashback? No, right?

So your only explanation is go back to cash transaction Era
Then why would I choose digital and spend
Why not avoid Tax and go Cash only

Incentive are to make everyone go for the product not otherwise.

 

[telescope]

Thing is Bajaj uses two terminals
One is Bajaj finserv and other is Bajaj finance ltd
Here if u see Bajaj finance ltd mcc is ,4900
It was told by HDFC last month

Sorry I never used any bajaj app. You mean to say that bajaj finserv app but within the app two different mcc?

Or bajaj finserv and finance are two separate apps?

 

[MrThanos]

Why do smart people here consider bank people dumb?
Don't they keep track of their products?
Don't they know, where their card is being used?
Are only few social media posts are their source of information?
Few people enjoying a loophole isn't abuse of system. But If it reaches masses , it is abuse of system.

Tuada Kutta Tommy Sada Kutta Kutta.
​

 

[SSV]

Why do smart people here consider bank people dumb?
Don't they keep track of their products?
Don't they know, where their card is being used?
Are only few social media posts are their source of information?
Few people enjoying a loophole isn't abuse of system. But If it reaches masses , it is abuse of system.

Tuada Kutta Tommy Sada Kutta Kutta.​

​

FYI, no one is dumb in the finance business..both customers and businesses
If they are dumb they won’t exist in the business…

 

[kushhh]

Few people enjoying a loophole isn't abuse of system. But If it reaches masses , it is abuse of system.

That's the problem

 

[HumorSimpson]

Everyone would have got it at the first attempt had you written this either in Sanskrit or Hindi

Means ? Do you mean the script Devanagari ?

 

[SSV]

Don't they keep track of their products?

100 percent they know.. it’s the question of when they know

Don't they know, where their card is being used?

200 percent.. but they lure something and they get something out else.. they will periodically assess this situation

Are only few social media posts are their source of information

They don’t depend much n social media post for their decision making.. they depend on their numbers…
But at the speed at which these numbers change depends to some extent on influential few social media posts

 

[SSV]

It is completely a politically inclined post just to insert fear.
care to mention how One nation one election is related to financial freedom?

You will understand in a decade

 

[MrThanos]

FYI, no one is dumb in the finance business..both customers and businesses
If they are dumb they won’t exist in the business…

Thn, why are you blaming @Abhishek012 for the devaluation?
May be bank management knew thier target, they achieved it and now they added restrictions.

 

[HumorSimpson]

Thn, why are you blaming @Abhishek012 for the devaluation?
May be bank management knew thier target, they achieved it and now they added restrictions.

He is not, read the posts again. Infact its abhishek who is happy of this devaluation and is proud of his work.

 

[MrThanos]

You will understand in a decade

waaah, nice explanation

 

[MrThanos]

He is not, read the posts again. Infact its abhishek who is happy of this devaluation and is proud of his work.

I have already read, may be you need to read the posts again.

 

[VISHESH_BANSAL]

Thn, why are you blaming @Abhishek012 for the devaluation?
May be bank management knew thier target, they achieved it and now they added restrictions.

In my view Along with Promotion of RBL SPDC, End users are also responsible for this😂

Till the Party last Everyone Enjoyed it.

 

[HumorSimpson]

I have already read, may be you need to read the posts again.

Show where he blamed him ?