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Devaluation Revision in the HDFC Bank Credit Card Reward Points Program & Fee structure w.e.f 1st January 2023

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bugmenot said:
HDFC Devaluation w.e.f 1st January 2023

  1. On the HDFC Bank SmartBuy portal, the redemption of Reward Points for flights & hotel bookings will be capped per calendar month at 1,50,000 Reward Points for Infinia, 75,000 Reward Points for Diners Black and 50,000 Reward Points for all other cards.

  2. On the HDFC Bank SmartBuy portal, the redemption of Reward Points for Tanishq vouchers will be capped at 50,000 Reward Points per calendar month for Infinia cards.

  3. Redemption of Reward Points against statement balance (CashBack redemption) will be capped per calendar month at 3,000 Reward Points for Millennia, Easy Emi millennia, Bharat, Pharmeasy and Paytm cards and 50,000 Reward Points for all other cards. w.e.f 1st February 2023

  4. For select Products & Vouchers, the redemption of Reward Points will be capped at 70% of the total value. The remaining amount must be paid using the same Credit Card w.e.f 1st February 2023.
    This is not applicable for Infina & Diners Black cards.

  5. a. Rent payments will NOT earn Reward Points on all the cards

    b. Government related transactions will NOT earn Reward Points on all the cards except Business Regalia , Business Regalia first, Business Money back, CSC small business moneyback, Paytm Business, Flipkart Business, Retailio, Best Price Save Smart, Best Price Save Max and Pinelabs

    c. Education related transactions will NOT earn Reward Points on Business Regalia , Business Regalia first, Business Money back, CSC small business moneyback, Paytm Business, Flipkart Business, Retailio, Best Price Save Smart, Best Price Save Max and Pinelab

  6. Reward Points earned on grocery transactions will be capped per calendar month at :

    a. 2000 Reward Points for Infinia, Diners Black, Regalia, Regalia Gold, Regalia first, Business Regalia , Business Regalia first, Diners Privilege, Diners Premium, Diners Clubmiles, Tata Neu Infinity cards and,

    b. 1000 Reward Points for the rest of the cards
Revision in Fee structure w.e.f 1st January 2023:

  1. For rent payments made through third-party merchants, a fee of 1% of the total transaction amount will be levied from the second rental transaction of the calendar month.

  2. If you conduct a transaction (in-store or online) in Indian currency at an international location or with a merchant located in India but registered overseas,a dynamic & static conversion markup fee of 1 % will be charged.
Source : https://www.hdfcbank.com/personal/service-communication
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Means If i have moneyback plus credit card, I can't redeem 2500 reward points that equals to 625 rs into statement balance from feb 2023??? 50000 reward points kahan se earn krenge bhai 😂😂
 
sush29 said:
Means If i have moneyback plus credit card, I can't redeem 2500 reward points that equals to 625 rs into statement balance from feb 2023??? 50000 reward points kahan se earn krenge bhai 😂😂
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That means you can't redeem more than 50000 points in a calendar month i.e. upper limit is 50000 not the lower limit.
 
Thank god I didn’t wait for Infinia upgrade (chargeable) to my LTF DCB.

I have got Magnus, which I think even Axis will shortly update the TnCs after HDFC and ICICI have done. But Magnus is still a good card with the conversion of 5:4 to various flights and hotels programme.
 
Yeh sab bank wale Cartel khol ke rakhein hain kya?
Ek devaluation ke baad sab suru ho gaye?

Now, I am getting too afraid of SBI Cashback Card
 
AsishB said:
Yeh sab bank wale Cartel khol ke rakhein hain kya?
Ek devaluation ke baad sab suru ho gaye?

Now, I am getting too afraid of SBI Cashback Card
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jitna value nikal sakte ho nikaal lo credit card se. jyada devaluate karenge to log upi pe aa jaenge.
 
I can understand the rent payment restrictions but what is the reason behind groceries capping. 2000 points is 60000 spend for Infinia/DCB Agreed its quite high but do people rotate money there too?
 
This is quite irritating. Considering that the cards were devalued at the start of the year, they have gone ahead and done it even more. Regretting taking my first ever HDFC DCB sometime back. Don't even know if the genuine rent payment from portal like Payzapp may earn any points at all. This just isn't good.
 
They well planned , analysed and closed the loop holes of money rotation through hdfc cards, I’m sure as they restricted 2000 points on grocery.
 
thanixravindran said:
I can understand the rent payment restrictions but what is the reason behind groceries capping. 2000 points is 60000 spend for Infinia/DCB Agreed its quite high but do people rotate money there too?
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not sure, but i think it was easy for grocery shop owners to do practices like swiping the card from customer and giving cash for a small fee. they also commonly do this for sodexo cards. maybe banks wanted to plug that gap.
 
People holding Foregin Credit Cards, especially US or Europe Credit Cards, how are they , compared to Indian Credit Cards ?
 
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