Fi Salary and Fi Infinite accounts giving 2% Cashback on UPI and Debit Card spends on P2M (person to merchant)

[pankaj_ji]

Fi infinite accounts needs min balance of 50k.

Offering 2% Spend on UPI and debit card spends

("For UPI rewards, payments to merchants like Paytm, Club 12, Freecharge, Mobikwik, Jio Money, Amazon Pay, Ola Money or Swiggy Money are not applicable for the reward.")

 

[saucy]

There's a lot of hidden tnc with fi.
Is it confirmed that all DC spends give 2%?

 

[TheMentalist]

Fi infinite accounts needs min balance of 50k.

Offering 2% Spend on UPI and debit card spends

("For UPI rewards, payments to merchants like Paytm, Club 12, Freecharge, Mobikwik, Jio Money, Amazon Pay, Ola Money or Swiggy Money are not applicable for the reward.")

Any screenshot or link which mentions the last line regarding UPI rewards??

 

[beingmohit]

There's a lot of hidden tnc with fi.
Is it confirmed that all DC spends give 2%?

I don't think we can confirm the DC reward of 2% on anything yet. I guess we have to wait till the end of the month. I have upgraded to Fi-Infinite and have been using my DC to pay CC bills on Cheq. I will update the cashback status as soon as I get any

 

[pankaj_ji]

Any screenshot or link which mentions the last line regarding UPI rewards??

I wanted to include it in post itself, but they dont allow screenshot of app documents...however, I will try to click pic from other phone and then try to upload

 

[pankaj_ji]

I don't think we can confirm the DC reward of 2% on anything yet. I guess we have to wait till the end of the month. I have upgraded to Fi-Infinite and have been using my DC to pay CC bills on Cheq. I will update the cashback status as soon as I get any

2% is only on P2M, not P2P

 

[explorebyroad]

Thanks for the thread, I have upgraded yesterday to Fi Infinite, just a spare account to manage my day to day spends... I have paid an amount of Rs. 108 today morning for milk packets and received Fi coins of 12 (+9, 4x boost applied for Fi Infinite) @10% for shopping. This was done on a Freecharge QR scanner...

 

[lucifer]

any max limit of fi coins per transaction? or even 2% cashback per transaction?

 

[DarkKnight]

Not sure about Fi coins but 50 rs max cashback per trxn!

 

[phagocyte536]

Seems gimmicky, I have Fi Salary account that has same benefit. I use Fi UPI all the time, they are giving some Fi coins on all my FI-UPI spends. I don't seem to get it how they are adding the coins per transaction - For adding 50k to my kite account, I got 600 coins. I have not seen a better value than 3 paise per coin. So that's 18 rupees for 50k transaction - not even close to 2% lol

2% cashback rate on a debit card/upi is simply impossible. I don't know how they are advertising

 

[cyan11]

Seems gimmicky, I have Fi Salary account that has same benefit. I use Fi UPI all the time, they are giving some Fi coins on all my FI-UPI spends. I don't seem to get it how they are adding the coins per transaction - For adding 50k to my kite account, I got 600 coins. I have not seen a better value than 3 paise per coin. So that's 18 rupees for 50k transaction - not even close to 2% lol

2% cashback rate on a debit card/upi is simply impossible. I don't know how they are advertising

I just upgraded to infinite account and had the same confusions, although I did not ask customer care about fi coins, I did ask them about the cashback offer, the cashback offer is same for salary and infinite users, which is, 2% monthly cashback upto 500 rupees on upi merchant spends and also on debit card spends, and each transaction has a capping of 50 rupees, means 10 transactions of atleast 2500 rupees for full usage of the offer, and the cashback will be credited within the first 10 days of the next month.
Hope it helps!

 

[phagocyte536]

I just upgraded to infinite account and had the same confusions, although I did not ask customer care about fi coins, I did ask them about the cashback offer, the cashback offer is same for salary and infinite users, which is, 2% monthly cashback upto 500 rupees on upi merchant spends and also on debit card spends, and each transaction has a capping of 50 rupees, means 10 transactions of atleast 2500 rupees for full usage of the offer, and the cashback will be credited within the first 10 days of the next month.
Hope it helps!

Oh interesting. Lets see if they credit next month.
I used to get a monthly voucher of 500 Rs from the last 10-12 months, they made it a 200 rs voucher now and added all these other cashbacks. (salary account)

 

[TheMentalist]

any max limit of fi coins per transaction? or even 2% cashback per transaction?

Not sure about Fi coins but 50 rs max cashback per trxn!

2k Fi coins per tnx as per this : https://www.technofino.in/community...-2-in-upi-debit-card-spends.10507/post-171770

 

[prc1990]

H

I don't think we can confirm the DC reward of 2% on anything yet. I guess we have to wait till the end of the month. I have upgraded to Fi-Infinite and have been using my DC to pay CC bills on Cheq. I will update the cashback status as soon as I get any

Have you received the cashback for the month of Apr'23?

 

[beingmohit]

H
Have you received the cashback for the month of Apr'23?

Yes, I received the 2% cahsback. They gave two options, either flat 2% casgback, or Fi-coins which I reedemed for Amazon vouchers and the returns were around 3%. Apart from this, they gave extra Fi-coins for the transactions as well. Overall returns were around 3.3%

 

[prc1990]

Yes, I received the 2% cahsback. They gave two options, either flat 2% casgback, or Fi-coins which I reedemed for Amazon vouchers and the returns were around 3%. Apart from this, they gave extra Fi-coins for the transactions as well. Overall returns were around 3.3%

If I pay cc bill on Cred and select FI app for UPI option, will this be an eligible transaction?

 

[beingmohit]

If I pay cc bill on Cred and select FI app for UPI option, will this be an eligible transaction?

I paid CC bill on Cheq using Fi debit cards and got points/cashback. Not sure about UPI on Cred

 

[prc1990]

I paid CC bill on Cheq using Fi debit cards and got points/cashback. Not sure about UPI on Cred

Ok if the balance goes below 50K and that time we pay any bill, will that transaction get counted for 2% cashback?

 

[beingmohit]

Ok if the balance goes below 50K and that time we pay any bill, will that transaction get counted for 2% cashback?

No idea. You should probably ask their customer support

 

[Avid_snake]

Ok if the balance goes below 50K and that time we pay any bill, will that transaction get counted for 2% cashback?

Should be. They give a grace period before downgrading from Infinite to Plus. You can add funds within a day to continue enjoying Infinite benefits. I've gone below 50k multiple times and added money back. Have always got 4x Fi Coins for those transactions. But for the 2% cashback, have to wait till next month to confirm