As you may know, from 1st Might 2022 HDFC Financial institution has added a “processing charge” of two.5%+GST to amazon reward playing cards which are bought below on the spot vouchers part of HDFC Smartbuy (GYFTR platform).
By doing a fast math, you possibly can see that its not 2.5% however ~3% (taxes included) loss. So in the event you’re having fun with 16.5% financial savings (5X rewards) with HDFC tremendous premium bank cards, now the quantity turns into ~13.5% which continues to be first rate in my view.
To not neglect, Axis Financial institution has eliminated the Amazon vouchers from Reward Edge portal since final month, so one thing is best than nothing.
Identical to earlier than when HDFC made 10X to 5X, there’s nothing to be stunned.
Principally the 10X/5X program goes by way of a gradual loss of life and we might even see 3X as an alternative of 5X anytime. That’s how it’s and we’ll have to just accept it, sadly.
Although, what I somewhat want with HDFC is a greater product with new options and maybe a redemption system with out 70/30 rule.
