Credit Card
- Thread starter Karamdeep
- Start date
Bharatiya Nagrik
KF Mentor
Bhai aapki query kya hai agar possible hoto Hindi ya English me bataoge toh koi help kar sakega.
blackjack_backjack
KF Ace
do i get the same rewards if i make the payment through credit card via UPI?
hitirfan
KF Mentor
Depends on the MITC of card. Like some cards give rewards on some specific transactions only when card is swiped in the machine.
For example, I have HDFC IOCL Card, I get rewards only when I swipe card on POS Machine at the Fuel Station not for UPI transactions at Fuel Station.
Skylar
KF Master
1X = 1 Reward point per ₹150 spent | 1 Reward point = ₹0.25
Reward redemption will attract a small convenience charge of ₹99 (+ GST) per redemption.
now consider you spent 10,000/-
3X rewards = 200 points
200 points = 50/-
and to redeem those 200 points you have to pay 99/- plus 18% GST (99+17.82=116.82)
So, you pay 116.82 to redeem 160/-
50-116.82 = -66.82/-
So, you spend 10,000 and you lose 66.82/-
so return is -0.66.82%
Who was it showing too much interest in IDFC Rupay card
hitirfan
KF Mentor
500 points redeem hote hain kam se kam, use hisab se calculation karo1X = 1 Reward point per ₹150 spent | 1 Reward point = ₹0.25
Reward redemption will attract a small convenience charge of ₹99 (+ GST) per redemption.
now consider you spent 10,000/-
3X rewards = 200 points
200 points = 50/-
and to redeem those 200 points you have to pay 99/- plus 18% GST (99+17.82=116.82)
So, you pay 116.82 to redeem 160/-
50-116.82 = -66.82/-
So, you spend 10,000 and you lose 66.82/-
so return is -0.66.82%
Who was it showing too much interest in IDFC Rupay card
Skylar
KF Master
There is no minimum points redemption cap
Skylar
KF Master
Okey 500 points you need to spend 25,000/-
500 X 0.25 = 125/-
Now to redeem that 116.82
125 - 116.82 = 8.18
So, if you spend 25k you are getting return of 0.0323%
hitirfan
KF Mentor
Kis Card ka fee hai 234?
Skylar
KF Master
UPI Card,
199 +18% gst = 234
Karunakara
KF Mentor
Is it the calculation IDFC Rupay rewards? I think the query is about HDFC Rupay Card1X = 1 Reward point per ₹150 spent | 1 Reward point = ₹0.25
Reward redemption will attract a small convenience charge of ₹99 (+ GST) per redemption.
now consider you spent 10,000/-
3X rewards = 200 points
200 points = 50/-
and to redeem those 200 points you have to pay 99/- plus 18% GST (99+17.82=116.82)
So, you pay 116.82 to redeem 160/-
50-116.82 = -66.82/-
So, you spend 10,000 and you lose 66.82/-
so return is -0.66.82%
Who was it showing too much interest in IDFC Rupay card
Skylar
KF Master
Ohho, My bad I read Millenia rupay card
as HDFC millenia is not on rupay I thought they were talking about IDFC and posted about it
hitirfan
KF Mentor
HDFC Bank usually LTF Rupay Card dete hain jinko nahi hota. Fee b agar hoga to 99+GST hai. Tabhi mai confuse huwaOhho, My bad I read Millenia rupay card
as HDFC millenia is not on rupay I thought they were talking about IDFC and posted about it
blackjack_backjack
KF Ace
BTW DUDE HOW DO YOU KNOW SO MUCH ABOUT SO MANY CREDIT CARDS , DO YOU OWN A BANK OR WORK AT ONE? HAHAOhho, My bad I read Millenia rupay card
as HDFC millenia is not on rupay I thought they were talking about IDFC and posted about it
hitirfan
KF Mentor
Research
blackjack_backjack
KF Ace
but would researching about credit card and knowing so much allow you to save more money than if you'd invest that time in a long term skill that would earn you more or perhaps the work we're already doing?
Skylar
KF Master
I have experience with a select few banks, including ICICI, HDFC, and Kotak, which I’ve been using for quite some time. I recently acquired Axis cards, but I’m not familiar with their system yet.
On the other hand, RBL, IDFC, and AU have disappointed me with their weak customer support and unfavorable terms. Consequently, I closed my accounts with them.
IndusInd was acceptable, but I still decided to close it. Interestingly, they claim I’m preapproved for a premium card, but my application is being processed because their system indicates that my old closed card is still active.
And I have the worst experience with SBI cards (credit cards) of my dad and their customer support, I totally avoid them.
You can only see my replies on these banks related quires.
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