Onecard- Now you can choose 1st of month as billing date
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Update your onecard app and you will get option to change your billing date to 1st of every month. This means last date to pay bill will be 18th of that month.
Click on profile icon in right corner of upper side on homescreen of app and go to 'billing details' .
PS- its very useful because many due dates fall in 1st week of the month like slice, postpe, lazypay zestmoney, paytm postpaid etc
1 more feature- You can add your bank account for refund of excess amount in your credit card (valid only if credit amount is beyond 1% of credit limitlimit or Rs 5000- whichever is lower)
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I’m ok with old billing style.
- 2nd condition seems to be incorrect /Illogical.
You can add your bank account for refund of excess amount in your credit card - valid only if credit amount is beyond 1% of credit limit limit or Rs 5000- whichever is lower.
As per this, if I have paid 12000 in excess, I will get refund of only 1% or 5k whichever is lower. If 1% of my credit limit is only 2k. They will refund 2k and excess amount can be utilised in future.
If anybody can help me understand, would appreciate it. TIA
Smak wrote:It's the condition to be eligible for credit refund , not the refund amount.
- 1st condition is good - changing billing date. This would be convenient for some.
- 2nd condition seems to be incorrect /Illogical.
You can add your bank account for refund of excess amount in your credit card - valid only if credit amount is beyond 1% of credit limit limit or Rs 5000- whichever is lower.
As per this, if I have paid 12000 in excess, I will get refund of only 1% or 5k whichever is lower. If 1% of my credit limit is only 2k. They will refund 2k and excess amount can be utilised in future.
If anybody can help me understand, would appreciate it. TIA
Showing 14th & 20th to me 😬
Smak wrote:excess amount paid to card should be > 1% of card limit
If anybody can help me understand, would appreciate it. TIA
or
excess amount paid to card should be > 5000
in ur case xcessCredit 12K > 2K(1% of card limit) so u can get 12K to bank
Billing date should be of our choice as per RBI rules so onecard not following RBI guidelines
caks2006407 wrote:excess amount paid to card should be > 1% of card limit
or
excess amount paid to card should be > 5000
in ur case xcessCredit 12K > 2K(1% of card limit) so u can get 12K to bank
Billing date should be of our choice as per RBI rules so onecard not following RBI guidelines
If that circular is handy, would you mind sharing the link to the circular? Want to uniform the cycles for all of my CCs
Edit – found the source
https://www.rbi.org.in/scripts/FS_Notification....
CHAPTER – I ,
10. Billing ,
(d) Card-issuers do not follow a standard billing cycle for all credit cards issued. In order to provide flexibility in this regard, cardholders shall be provided a one-time option to modify the billing cycle of the credit card as per their convenience.
Anyone got limit upgrade? After how many bills? Did you ask for it or via app?
anantnitish wrote:Has anyone experienced someone closing there fd based Onecard and then getting unsecured onecard ?
guest_999</a> <a href='https://www.desidime.com/users/1070628' target="_blank" rel="nofollow">sauravDD
@getready
No
anantnitish wrote:Has anyone experienced someone closing there fd based Onecard and then getting unsecured onecard ?
guest_999</a> <a href='https://www.desidime.com/users/1070628' target="_blank" rel="nofollow">sauravDD
@getready
Haven’t seen anyone here.
Fanil wrote:I need credit refund … Thanks…had got 18k refund from flipkart stuck till date.. onecard also became waste no good offers now..
This card has one unique feature since its launch, effectively 0 forex markup for doing online international txns(1% forex markup-1% reward points = 0). I took this card mainly for that reason apart from being full metal card. No credit card, especially newly launched & from small bank/fintech, can afford to keep giving good offers continuously for long.
guest_999 wrote:I get it that it has financial implications but removing all the main offers is not good. Travel offers reduced, bms offer also disappeared, swiggy instamart gone, no sale offers also recently, dineout offer removed etc etc.. this card now not only has pathetic reward points system it also has pathetic offers... As for foreign transactions , i hold fi debit card which by default has zero markup.
This card has one unique feature since its launch, effectively 0 forex markup for doing online international txns(1% forex markup-1% reward points = 0). I took this card mainly for that reason apart from being full metal card. No credit card, especially newly launched & from small bank/fintech, can afford to keep giving good offers continuously for long.
Fanil wrote:I mentioned this earlier also in another thread. Basic point of credit card is not reward points/cb/offer but an interest free period of up to 45 days. If someone is getting some good sale offer on a product but don't have the entire amt to buy that product then using credit card is the way. In India ppl have instead made reward points/cb/offers as the cornerstone of credit cards resulting in such situations where India's biggest banks are forced to change their credit card policies because of rampant misuse(can you imagine how much money is large enough for such banks to make them change their policies?). I am not aware of any major credit card company abroad forced to change their reward program outside of financial difficulties.
I get it that it has financial implications but removing all the main offers is not good. Travel offers reduced, bms offer also disappeared, swiggy instamart gone, no sale offers also recently, dineout offer removed etc etc.. this card now not only has pathetic reward points system it also has pathetic offers... As for foreign transactions , i hold fi debit card which by default has zero markup.
Also, it is always suggested to do online txns(especially international ones) using a credit card as they come with better fraud prevention/dispute redressal mechanism(also any international txn refund comes faster to credit card compared to debit card).
