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Devaluation - MasterCard Credit Cards Now charge 2.183% convenience fee on Utility bill payment on Amazon

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Finance Mentor
abhishek012

Devaluation - MasterCard Credit Cards Now charge 2.183% convenience fee on Utility bill payment on Amazon:

For example - If you have HDFC Millennia MasterCard Variant Credit Card now pay 2.183% convenience fee on Utility bill payment and get 5% cashback upto 1000 per month (Note: convenience fee charge for all banks MasterCard variant Credit Cards).

Tips: Convert to HDFC Millennia Visa Variant Credit Card and save 1% convenience fee.

Source - https://www.amazon.in/gp/help/customer/display....

How much is the fees I am getting charged?

Amazon will be levying:

- 2.183% convenience fee on all MasterCard Credit Cards and 1.18% convenience fee on all other credit cards except Amazon Pay ICICI Bank Credit Card.

- 1% on all debit cards except RuPay Debit Card.

-1.18% on Amazon Pay ICICI Bank Credit Card where the transaction amount is beyond INR 20,000 (Indian Rupees Twenty Thousand only).

- 1.18% on Amazon Pay Later where the transaction amount is beyond INR 20,000 (Indian Rupees Twenty Thousand only).

This is inclusive of all applicable taxes. No charges applicable for all other payment instruments.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
Firestorm Firestorm
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End is Near 😬

Koi Charge laga raha h, koi limit decrease kar raha hai. 😔

Deal Captain Deal Captain
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Credit card ka benefits katam tata bye bye ho rhaye hye ,back to use kala pessa

Deal Subedar Deal Subedar
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One more reason of must have RUPAY network 🎉🎉🎉🔥🔥🔥

Finance Ninja Finance Ninja
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This too shall have charges/devaluations very soon enough...

Finance Ninja Finance Ninja
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This too shall have charges/devaluations very soon enough...

Benevolent Benevolent
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@Agni007 Nope. That will still take a long time because MC and Visa jointly control around 90% of the CC market in India and RuPay will keep launching promotions until it gains saturation level.
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Comrade Comrade
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I am glad that I have changed the master variant to visa variant CC 3 Week's back

Finance Mentor Finance Mentor
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Yo. @Rosh_0007 isko promote kar do taki koi mastercard use na kare. 😀

Snapay now also charge 25% extra convenience fee for Mastercard credit cards.

tenor

10609773jetha-dance

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Deal Captain Deal Captain
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Converted mine when I got approval smile

Deal Lieutenant Deal Lieutenant
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Same converted mine too

Firestorm Firestorm
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End is Near 😬

Koi Charge laga raha h, koi limit decrease kar raha hai. 😔

Deal Captain Deal Captain
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Credit card ka benefits katam tata bye bye ho rhaye hye ,back to use kala pessa

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Generous Generous
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Swiggy hdfc ka master card to visa nahi kar rahe ye log.. rest almost all converted to visa.. recently did mc millenia to visa millenia.. infus legend mc to visa.

Sbi simplyclick mc to visa.

Rbl duet mc to visa..

Finance Mentor Finance Mentor
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RuPay variant me available wale card ko Visa maat kar dena. 😀

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Commentator Commentator
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any link or idea how to change to visa network?

Deal Captain Deal Captain
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Call customer care tell them don't need mastershit convert into rupay or visa or I will close card 100% sucess rate 😝

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Deal Cadet Deal Cadet
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Only on Amazon? not on Airtel app then.

Finance Ninja Finance Ninja
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soon the utility cashbacks will be closed by these credit card and networks xDDD

beginning of a new era

VU+ for awareness of this post news

Finance Ninja Finance Ninja
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plus insurance too soon enough...
Deal Subedar Deal Subedar
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One more reason of must have RUPAY network 🎉🎉🎉🔥🔥🔥

Finance Ninja Finance Ninja
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This too shall have charges/devaluations very soon enough...

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Deal Cadet Deal Cadet
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People only used millenia Cc for amazon pay gv laughing in the back😁😃

Finance Ninja Finance Ninja
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Come and laugh in the front please, not back or corner... jhaadi mein to janwar rehte hain aur woh karte hai...
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Deal Cadet Deal Cadet
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sab jagah master cc k charges badh gye hai mene bhi notice kiya tha kuch din pehle jab mai cc se pese nikalne gya tab woh snapay / bharat nxt pe high charges dhika raha tha mene leave kariya tha fhir rupay se nikale the.....

Benevolent Benevolent
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Chortel ka jugaad hai kuch? Ache$hit showing only MC variant. 🥹

Helpful Helpful
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But why would you use it on amazon for utility?

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Like Magnet Like Magnet
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MasterCard ne to sch me MC wali harkat kar di disappointed

Finance Ninja Finance Ninja
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barobar wahi to tha...
Deal Cadet Deal Cadet
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Is this charge applicable to all cards? Even those without offers?

Last I paid my electricity bill using CC, no such charge on VISA and Rupay

and when I paid my CC bill using DC, no such charge

Finance Mentor Finance Mentor
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Yes, charge applicable to all credit cards.

Only RuPay debit card - no charges.
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Commentator Commentator
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Swiggy card available in RuPay ??

Finance Mentor Finance Mentor
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I wish end game of all credit cards, all should introduce these charges to self destruct

Like Magnet Like Magnet
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...bs trivedi bachega #SacredGames
Deal Lieutenant Deal Lieutenant
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Damn...i received my card last week, its mastercard.....What if we buy amazon gc using hdfc millennia CC n then use that gc to pay bills on amazon

Finance Mentor Finance Mentor
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Yes you can use Amazon gv for bill payment.

But Amazon will disabled credit card option after 20k or 30k Amazon gv purchase.

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Finance Ninja Finance Ninja
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So any way to use HDFC Millennia MASTER debit card without these 1% extra charges? canara setu helps?

Finance Mentor Finance Mentor
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Use Canara setu, SBI Unipay, Airtel app for credit card bill payment 2.5% upto 400 cashback per month. No extra charges

Edit: Just 16 mins hue comment kiye aur PM ME logo k msg aane lage konsa debit card kar k. uppar likha hua hai HDFC millennia DC ka ques hai phir bhi.

Jo log mujhe bolte rahete hai mai itne detail me explain kyun krta hu. Samjhlo ab. Mai apna time save karta hu comment me pura detail me bol kar. 😑😑

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