All BOB Credit Cards devaluation alert

[TechnoFino]

Effective from 15th November, 2022 BOB Financial going to change its reward system for all bob credit cards.
You'll earn 50% less reward for all spends done on special categories.



MCC codes of all special categories are listed below-


Major categories that are excluded-
Rent, utility bill payment, educational fees payment, government fees payment, insurance, supermarket etc.
This is really horrible!

 

[harsh42s]

Such a devaluation!

 

[Cryptopsycho]

Effective from 15th November, 2022 BOB Financial going to change its reward system for all bob credit cards.
You'll earn 50% less reward for all spends done on special categories.



MCC codes of all special categories are listed below-


Major categories that are excluded-
Rent, utility bill payment, educational fees payment, government fees payment, insurance, supermarket etc.
This is really horrible!

Please mention we will get 90% less rewards on these MCC for ETERNA as 5x also stopped ... Hence it's 5x to 0.5x for Eterna!!! 😥

 

[Revitup]

Feels like every card is getting devalued mostly because of Rent and manufactured spending.
no accelerated RP on Utilities, Insurance, supermarket and even restaurants.
RIP Eterna

 

[bugmenot]

Wallet load is excluded. That route may be used still.

 

[Revitup]

Wallet load is excluded. That route may be used still.

They might have missed it, no way they keep wallet load and remove everything else.

 

[anush_shenoy]

Is 0821 the MCC code for rent we pay via payzapp for redgiraffe? how can I confirm? or is this "agriculture" rent different?

 

[sameerdes]

Effective from 15th November, 2022 BOB Financial going to change its reward system for all bob credit cards.
You'll earn 50% less reward for all spends done on special categories.



MCC codes of all special categories are listed below-


Major categories that are excluded-
Rent, utility bill payment, educational fees payment, government fees payment, insurance, supermarket etc.
This is really horrible!

Eterna is now killed with this move too.

 

[cardgeek]

They even included fast food, transportation, super markets, convenience store etc in special category MCC. So where they want us to spend just Amazon and FK?

Big devaluation.

 

[Ram]

RIP to select card😂😂

 

[pranavcool]

Would like to see which cards can survive by January, 2023?

I believe if this continues and every card removed/devalued Utilities and Insurance like this then PayTM and Amazon etc. will add convenience fee and we go back to UPI or Cash transactions.

Amazon has deep pockets no way they will add conv fee, Paytm already do

 

[pranavcool]

They even included fast food, transportation, super markets, convenience store etc in special category MCC. So where they want us to spend just Amazon and FK?

Big devaluation.

Thats my question where to use this bob eterna now

 

[SoggypastA]

I recently got rupay premier for upcoming credit card upi 😶

 

[Sevendar@01]

Thats my question where to use this bob eterna now

well off topic but I wanna know if I pay my Bob credit card bill using HDFC bill payment portal how much time will it take to credit as this will be the second time I will be paying it's bill . First time I paid using Bob app but wanna pay now through HDFC bill pay portal @Batmanbaba @TechnoFino

 

[aamaadmi]

whats the updated reward structure on eterna now? My application might as well get rejected now.

 

[cardgeek]

well off topic but I wanna know if I pay my Bob credit card bill using HDFC bill payment portal how much time will it take to credit as this will be the second time I will be paying it's bill . First time I paid using Bob app but wanna pay now through HDFC bill pay portal @Batmanbaba @TechnoFino

It was instant when I paid last time. Its over a month ago.

 

[Sevendar@01]

It was instant when I paid last time. Its over a month ago.

which bob card did u have? was it rupay

 

[aamaadmi]

It was instant when I paid last time. Its over a month ago.

isn't BoB cards removed from HDFC billpay?

 

[harsh42s]

What's the use of Eterna?

 

[Cryptopsycho]

What's the use of Eterna?

now nothing!!