inusind pinnacle wallet loading - reward points and charges

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Deal Newbie
learning2ear...
  •  RIMG20240921094109751eward points that we get from loading amazon and Mobi Kwik wallets with IndusInd pinnacle credit card
  • So practically loaded the respective wallets with an amount of 6k.
  • For Mobi Kwik for 6k, they charged 2.95% (2.5 % charges + 18% gst on 2.5%) which comes to 147.50 Rs and the reward points received for this are 92(69 Rs).
  • For Amazon wallet for 6k, charges are 2.36 % including GST, which comes to 141.60 Rs and the reward points received for this are 90 (67.5 Rs)
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Savings Mentor Savings Mentor
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Wallet loads are charged 1%+GST by Sundas Bank for amounts > ₹20000 but it was supposed to be effective from statements generated in October 2024 as per the email sent. If you've been charged before only, you can show them the T&C and ask them to reverse. Similarly, Utility MCC spends above 25K will be charged

Deal Newbie Deal Newbie
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small correction from my side...actually 2.5% charge that i mentioned is convenience fee

Savings Mentor Savings Mentor
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Oh ok. Those were charged by the wallets themselves. Right. Slice also charges similarly for CC loading as does PayZapp. What is Pinnacle's reward rate on wallet loads? Does it give 1.8% or 0.7% which is most IndusInd cards' reward rate for Utility MCC at least?

Deal Newbie Deal Newbie
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its giving around .7%
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