KunjanPSD

I know. Used to work at MasterCard.

Actually Amazon pulled out of all of the affiliate programs. HDFC, Amex, Axis. Twitter has been very buzzy because HDFC had 5x/3x multiplier for Amazon but people were exploiting it by paying commercial bills in 8 figures.

Amex is gonna start accepting new applications by July-end/Aug-start. The arsenal will be complete then.

Lol. But if done right my expenses will get a 5-10% reward rate. Honestly, you can say that I have too much time on my hands and this is just a new hobby that I am pursuing.

Did some calculations. Gonna put all expenses from now on Citi PM and hope to upgrade later to Prestige and get good conversion for Airmiles. If hypothetically I had DCB, would have only used it in case I am able to take advantage of Smartbuy (5x/10x) and break my transactions so I can hit daily bonus caps on multiple (atleast 2) days. Gonna require some planning but gonna get a much better value than my current Regalia.

Anywhere between 2.5-3.5%, although you can expect even 2.2%. Visa and MC generally quote 1.5-2.5, haven't seen many instances where it was above 1.5% during my tenure.

Maybe, though having worked at one of these network companies before I don't see how PineLabs would make the acceptance better . Amex used to charge double of Visa and MasterCard. Inline with DCB. Unless PineLabs is footing the extra charge, no way these small merchants will go for Amex.

Pinelabs doesn't decide if a merchant uses Amex or not. The merchant decides it ex: Zara. Because the merchant has to pay the network fees.

They probably got Infinia atleast a couple years ago. Back then the eligibility criteria wasn't this stupid. I know many people who are earning equivalent to me and hold Infinia LTFs. They keep raising the eligibility while devaluating the card itself. Today's Infinia is equivalent to 2017/2018's Regalia. HDFC is still my one and only bank account though. I will see what I can do because these guys don't value loyalty and relationship. So probably just better to stop keeping as many funds in savings and keep Regalia hanging around, unused to build up credit length and possibility of future upgrade.

Very true. DCB is available for people of certain MNCs with 75k net salary, while they asked me for atleast 1.75L. Although my case is different because I am applying via their Premier Institutes association program. Major problem is the pay structure, these HDFC guys only look at monthly net while many companies offer annual guaranteed bonuses and esops, especially startups. That wasn't a problem in my case though, for me, it's just a bunch of dickheads. Citi handles this much better by looking at annual gross.

For Blinkit, just buy vouchers from Smartbuy and use it. You'll get bonus RPs. Works for H&M, M&S. Maybe Zara and the others don't accept it. Offline merchants are definitely not gonna accept. DCB is actually better than Amex though. That's why I got Citi. Put the big purchases like travel, utilities, insurance, dining and electronics on DCB, rest on Citi. It's a hassle to segregate though.

I'll buy if it comes down to 20 😂

I floated that same idea to my RM. Told him that I will create an FD from the funds I keep in my savings. He went to his supervisor and his supervisor went to the CC associate. They declined it. Asked my RM for a reason, he didn’t say anything useful. Then I asked a friend of my mine works in HDFC (not CC division) and he told me that this happens because bank is making more money from the funds you have in your savings as compared to FDR and hence they don’t provide cards if balance is shifting from savings. But anyway, card isn’t important to me. I am only trying to get what they promised me when I graduated but now I am not following up on that, too much effort, will just use Citi and take whatever I can get.

https://www.moneycontrol.com/news/business/startup/slice-updates-terms-will-levy-36-interest-if-repayment-done-in-more-than-one-instalment-8744991.html Nice.

Got in touch with another HDFC rep to upgrade to DCB. This guy is just another level. My company is based out of London, he sent the verification guys to verify my digitally signed payslips to the London address 😂 When they realised the mistake, he sent the guys to the address of the payment processor which basically just does GBP to INR conversion. The verification guy calls me and says that he can't get verification here. Absolutely given up on HDFC, they don't even value the salary slip. So jaldi jaldi bus prestige pe switch, maybe in future I will try getting whatever comes next from HDFC. Can't access these guides yet on the channel, too new. But that merge PM with Prestige and then get another PM literally blew me away. Might try to get another PM once my I get Prestige but obviously that will only happen once welcome benefits are credited.