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Federal Bank Credit Card Devaluation - All Credit Cards Are Affected

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After Yes Bank, Federal Bank is also going to impose an additional 1% + GST charge on all wallet loading transactions done using any Federal Bank credit card. In a recent development, Yes Bank announced a 0.5% charge on all wallet loading transactions done using their credit cards. Following the same path, Federal Bank becomes the second bank to levy extra charges on wallet loading transactions.

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Source Link: https://www.federalbank.co.in/wallet-loading-charges

This is not a welcoming step in my opinion, but not many people are going to be affected by this devaluation because there are very few people who use Federal Bank credit cards. Additionally, people generally don't use their cards for wallet loading because of their low reward rate.
 
After Yes Bank, Federal Bank is also going to impose an additional 1% + GST charge on all wallet loading transactions done using any Federal Bank credit card. In a recent development, Yes Bank announced a 0.5% charge on all wallet loading transactions done using their credit cards. Following the same path, Federal Bank becomes the second bank to levy extra charges on wallet loading transactions.

View attachment 48372
Source Link: https://www.federalbank.co.in/wallet-loading-charges

This is not a welcoming step in my opinion, but not many people are going to be affected by this devaluation because there are very few people who use Federal Bank credit cards. Additionally, people generally don't use their cards for wallet loading because of their low reward rate.
v busy week for you 🙂.. cluster behavior by banks.. well organized chaos.. RESET of the full ecosystem..
 
After Yes Bank, Federal Bank is also going to impose an additional 1% + GST charge on all wallet loading transactions done using any Federal Bank credit card. In a recent development, Yes Bank announced a 0.5% charge on all wallet loading transactions done using their credit cards. Following the same path, Federal Bank becomes the second bank to levy extra charges on wallet loading transactions.

View attachment 48372
Source Link: https://www.federalbank.co.in/wallet-loading-charges

This is not a welcoming step in my opinion, but not many people are going to be affected by this devaluation because there are very few people who use Federal Bank credit cards. Additionally, people generally don't use their cards for wallet loading because of their low reward rate.
Have this card purely for bank specific offers. Nothing to lose I guess.
 
After Yes Bank, Federal Bank is also going to impose an additional 1% + GST charge on all wallet loading transactions done using any Federal Bank credit card. In a recent development, Yes Bank announced a 0.5% charge on all wallet loading transactions done using their credit cards. Following the same path, Federal Bank becomes the second bank to levy extra charges on wallet loading transactions.

View attachment 48372
Source Link: https://www.federalbank.co.in/wallet-loading-charges

This is not a welcoming step in my opinion, but not many people are going to be affected by this devaluation because there are very few people who use Federal Bank credit cards. Additionally, people generally don't use their cards for wallet loading because of their low reward rate.
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