Hdfc regalia rewards lapsed

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Deal Cadet
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I’ve used hdfc regalia card at Nobroker every month twice. (30k + 30k)

Due to using credit card more than 50k per month and every month, Hdfc considered as “working capital” (some f***king bank term)  and lapsed all my reward points.

According HDFC , there is no freedom to customer to use his credit card wherever he wants too.

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>I’ve used hdfc regalia card at Nobroker every month twice. (30k + 30k)
maybe according to them, rent can be paid only once as people take a single home for rent not two or more(that also by paying 30k each)hence the restriction.

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For how many months have you’ve done this transactions? Since the start till now total number of months? Or in the first month of transaction only you got this notice?

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Finally HDFC bank also started cracking down on misuse of cards just like ICICI. smile

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guest_999 wrote:

Finally HDFC bank also started cracking down on misuse of cards just like ICICI. smile

coz of some,everyone will be effected confused cry

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Feb’21 and Mar’21 statements carry a note that says
IMPORTANT INFORMATION
1. …
2. PLEASE DO NOT USE YOUR PERSONAL CARD FOR WORKING CAPITAL FUNDING OR
ANY OTHER BUSINESS REQUIREMENTS.
Earlier it was not there

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caks2006407 wrote:

Feb’21 and Mar’21 statements carry a note that says
IMPORTANT INFORMATION
1. …
2. PLEASE DO NOT USE YOUR PERSONAL CARD FOR WORKING CAPITAL FUNDING OR
ANY OTHER BUSINESS REQUIREMENTS.
Earlier it was not there

I had the same msg .. purchased only 5k amazon gv from gfytr and rest all are my normal txns.. to be on safer side I redeemed all my points wink

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TheTeddy wrote:

I had the same msg .. purchased only 5k amazon gv from gfytr and rest all are my normal txns.. to be on safer side I redeemed all my points wink

That is generic note I believe, also crack down is for Regalia and below cards
Have not seen any Diners or Infinia affected – may be they are next in line pensive
@guest_999

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caks2006407 wrote:

That is generic note I believe, also crack down is for Regalia and below cards
Have not seen any Diners or Infinia affected – may be they are next in line pensive

Mine is regalia card…

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caks2006407 wrote:

That is generic note I believe, also crack down is for Regalia and below cards
Have not seen any Diners or Infinia affected – may be they are next in line pensive
@guest_999

I think they would have already started. In one of the card forms, someone had mentioned DCB card was cancelled by HDFC as it was being used for NPS.

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caks2006407 wrote:

That is generic note I believe, also crack down is for Regalia and below cards
Have not seen any Diners or Infinia affected – may be they are next in line pensive
@guest_999

Infinia/DCB crackdown started long time back, one guy here reported his rewards points cancelled on dcb because he was reselling 20 lakhs worth of GVs every month at 0.5% profit. Another user’s 2 lakh reward points cancelled on infinia.

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guest_999 wrote:

Infinia/DCB crackdown started long time back, one guy here reported his rewards points cancelled on dcb because he was reselling 20 lakhs worth of GVs every month at 0.5% profit. Another user’s 2 lakh reward points cancelled on infinia.

Good to know this.

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guest_999 wrote:

Infinia/DCB crackdown started long time back, one guy here reported his rewards points cancelled on dcb because he was reselling 20 lakhs worth of GVs every month at 0.5% profit. Another user’s 2 lakh reward points cancelled on infinia.

I always wonder, who are these people buying GVs worth lacs every month from these resellers? Are these recurring customers? To find new customers every month to sell GVs in lacs seems pretty difficult.

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ontherocks wrote:

I always wonder, who are these people buying GVs worth lacs every month from these resellers? Are these recurring customers? To find new customers every month to sell GVs in lacs seems pretty difficult.

Nothing is too difficult to find in this country.e.g.in my region if you know the right people you can easily buy a country pistol just like grocery.

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caks2006407 wrote:

Feb’21 and Mar’21 statements carry a note that says
IMPORTANT INFORMATION
1. …
2. PLEASE DO NOT USE YOUR PERSONAL CARD FOR WORKING CAPITAL FUNDING OR
ANY OTHER BUSINESS REQUIREMENTS.
Earlier it was not there

It seems everybody got it maybe as a general foot note.
I know atleast 50 people who got it

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guest_999 wrote:

Finally HDFC bank also started cracking down on misuse of cards just like ICICI. smile

HDFC Reward rate is already bad.
Except for Infinia every card is below par reward rates are below Axis Flipkart, Axis Ace. Even Paytm Citi is better than lower-tier cards of Regalia First, Moneyback.
ICICI Apay had a bug that gave 5% on GVs.

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guest_999 wrote:

Nothing is too difficult to find in this country.e.g.in my region if you know the right people you can easily buy a country pistol just like grocery.

Here.. You can buy police with certain grocery leaves (ganja)

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ontherocks wrote:

I always wonder, who are these people buying GVs worth lacs every month from these resellers? Are these recurring customers? To find new customers every month to sell GVs in lacs seems pretty difficult.

Usually it is to pay company electric bill or something like that. They can make a few thousand doing this by using gift cards and pocket the money.. Its like government job.. make work for very less pay while ignoring your real job.. Because I can imagine collecting 250k worth of GV to pay for a factory electric bill and keep track of it.. 1% of that is what rs2500? This is a huge difference between US and others.. In the US there are other ways to make money like getting extra items or vacations etc from merchants for large purchases.. Which is why they wont allow you to buy anything other than their specified items.. But this wont take them from doing their normal jobs.. Here they would spend weeks on something like this while ignoring their real jobs.. And of course then the headaches when your account gets locked or money dont get deposited or other problems..

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soccergiants wrote:

HDFC Reward rate is already bad.
Except for Infinia every card is below par reward rates are below Axis Flipkart, Axis Ace. Even Paytm Citi is better than lower-tier cards of Regalia First, Moneyback.
ICICI Apay had a bug that gave 5% on GVs.

There was someone here misusing millennia card too doing merchant transactions & availing the max 2000 cb per month(limit at that time) & earning around 10%. I guess except for moneyback card there is potential to misuse any hdfc card.

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Ramta_Jogi wrote:

Here.. You can buy police with certain grocery leaves (ganja)

“सैयां भये कोतवाल, अब डर काहे का”

Meaning: When police is in the pocket, no fear of anything grinning

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gotrajk wrote:

“सैयां भये कोतवाल, अब डर काहे का”

Meaning: When police is in the pocket, no fear of anything grinning

Darr is when you don’t have anything in your pocket & the constable who took it from you last time is on duty!

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