Flash coins being revamped into flash points?

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Deal Lieutenant
priyanshu23
Hi guys so there must be few people who uses flash.co app and have flash coins there, the app is about to go a big underchange and the flash coins will be changed to flash points, as in the demo video shown in the app like a teaser they are showing that we can use those flash points to convert it to myntra gift card etc, but currently the value of 1 flash coin= 1rs, so what are u guys thinking should people with higher coins redeem their coins? Because currently minimum withdrawal is 200, i have 805 coins, thinking to withdraw 605  coins and see what happens to the rest. Comment what's your opinion.  Also do comment what's your lifetime earnings in flash.co, mine is 3.2k
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Benevolent Benevolent
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1866 lifetime

137 current coins.

Helpful Helpful
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hv withdrawn all coins already

Deal Cadet Deal Cadet
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8319 Lifetime coins Earned

Helpful Helpful
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2579 lifetime coins earned

currently at 79

Wheever some change is introduced by any company towards its loyalty points, its always for the benefit of the company rather than its users. I am pretty sure the current valuation of 1 coin = 1 Rs will go away and will be replaced with 1 points = useless/garbage coupons which are freely available on the web. The strong driving factor towards this analogy is that they are going to give you points for each transaction. If the point to cash ratio is even a little bit, we have looters who will easily dry the company out by doing high value transactions. 

Flash is going to be the next CRED in my opinion.

So redeem all your coins while there is a chance. 

Deal Lieutenant Deal Lieutenant
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Yeah redeemed by coins, because they will provide points for every transactions now, so even if the minimum withdrawal is 200 or something, it won't be a problem

Deal Lieutenant Deal Lieutenant
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Withdraw all coins. There is going to be devaluation of coins and useless coupons will be given on coins redemption same like cheq. 

Golden days of flash gone. 


Post Emperor Post Emperor
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In the video, the usage rate shown was pretty good but again its sample video. I will keep some oins in one account and will use all others. 

Deal Lieutenant Deal Lieutenant
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Now after update 50 points=1 rs, has your coins been converted into points in same ratio?

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Budding Star Budding Star
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has one gone through t&c. now coins comes with validity i.e

Flash Points are valid for a period of 12 months from the date of issuance. Any non- usage of the Platform for 3 months or more would lead to deduction of [100] Flash Points for every month of non-usage. For example, if a user is inactive for 4 months, they would lose 100 Flash Points for the 4th month. If they remain inactive for 5 months, they would lose 200 Flash Points (100 for the 4th month and 100 for the 5th month).

Deal Lieutenant Deal Lieutenant
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Damm grimacing
Deal Newbie Deal Newbie
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Can we still withdraw coins to the bank account. I don't see this option any more. But I can see coupons which can be redeemed for points. Should I still stay with flash.co I can simply go back and update my email ids in amazon and flipkart, swiggy

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