Another onecard devalution

[hritiksakshi]

Dear Customer,
Greetings from Federal Bank.
We are reaching out to inform you about an upcoming change in our fee structure on Federal OneCard. Effective 15-Januray-2024, 1% fee will be levied on transactions done at merchants where the fund transfer is being made to a bank account or to a third-party wallet. This fee will be applicable if your total amount of transfer transactions in a given month exceeds Rs 10,000 or more.
An illustrative example is given below.

	Transfer in a month	Fee @ 1%
Scenario 1	First transaction of Rs. 4000	Rs 0
Second transaction Rs. 5000 done in the same calendar month	Rs 0
Scenario 2	First transaction of Rs. 15,000	Rs 150
Second transaction of Rs. 20,000 done in the same calendar month	Rs 200 (Total Rs 350)
Scenario 3	First transaction of Rs.8000	Rs 0
Second transaction of Rs.6000 done in the same calendar month	Rs 140 (Rs 80 + Rs 60)

 

[sxchzy]

BANK ACCOUNT AS IN RENT,EDUCATION PAYMENTS ETC?

THIRD PARTY WALLET AS IN PAYTM?
as for wallets there was a loading charges from some time

 

[ssnthegenius]

Now you'll have to pay 1% additional while loading wallet, rental and any kind of fund transfer. Onecard is dead now ig

 

[abhiver]

Yes, One Card reward rate is also very low. Other than being one of the lowest Forex markup card under LTF category cards, I see no proper benefits of this card.

 

[hritiksakshi]

Appears that way

BANK ACCOUNT AS IN RENT,EDUCATION PAYMENTS ETC?

THIRD PARTY WALLET AS IN PAYTM?
as for wallets there was a loading charges from some time

 

[deep@vie]

Now you'll have to pay 1% additional while loading wallet, rental and any kind of fund transfer. Onecard is dead now ig

Now, it's usage will go down by 90%

 

[aayusharyan]

Now you'll have to pay 1% additional while loading wallet, rental and any kind of fund transfer. Onecard is dead now ig

It is only applicable on Fedup OneCard? For reference, I have with BOB and haven't received such mail. Other's please check and share.

 

[coolguy1]

The only attractive thing about the OneCard was the metal card but I think people have realized it's just the hype.
It adds extra weight to your wallet, doesn't offer great rewards and looks cool while swiping only when it's a renowned card/bank.

There are so many better cards out in the market that are free to apply, get you much better rewards and offer great customer service.

 

[aayusharyan]

Ohh, there is a thread for this already. @vaibhav111 please merge, lol.

Another onecard devalution

Dear Customer, Greetings from Federal Bank. We are reaching out to inform you about an upcoming change in our fee structure on Federal OneCard. Effective 15-Januray-2024, 1% fee will be levied on transactions done at merchants where the fund transfer is being made to a bank account or to a...

www.technofino.in

 

[deep@vie]

It is only applicable on Fedup OneCard? For reference, I have with BOB and haven't received such mail. Other's please check and share.

Bob ones also getting LE regularly, there's no LE in Fed, so yes now Onecard Fed is gone.

 

[Abhishek012]

Dear Customer,
Greetings from Federal Bank.
We are reaching out to inform you about an upcoming change in our fee structure on Federal OneCard. Effective 15-Januray-2024, 1% fee will be levied on transactions done at merchants where the fund transfer is being made to a bank account or to a third-party wallet. This fee will be applicable if your total amount of transfer transactions in a given month exceeds Rs 10,000 or more.
An illustrative example is given below.

	Transfer in a month	Fee @ 1%
Scenario 1	First transaction of Rs. 4000	Rs 0
Second transaction Rs. 5000 done in the same calendar month	Rs 0
Scenario 2	First transaction of Rs. 15,000	Rs 150
Second transaction of Rs. 20,000 done in the same calendar month	Rs 200 (Total Rs 350)
Scenario 3	First transaction of Rs.8000	Rs 0
Second transaction of Rs.6000 done in the same calendar month	Rs 140 (Rs 80 + Rs 60)

 

[hritiksakshi]

Bob ones also getting LE regularly, there's no LE in Fed, so yes now Onecard Fed is gone.

No limit upgrade since day 1.... You are soo right

 

[ssnthegenius]

Bob ones also getting LE regularly, there's no LE in Fed, so yes now Onecard Fed is gone.

Fed bank has no money to lend ig 😂

 

[Shubham Yadav]

Ek faltu card ne TF ki acchai khasi space le li

Shitty card

completed waste of material

Fu***k Fede**al No LE

 

[asahi]

I got a mail that from 15th January 2024 1% fee will be levied on merchant transactions where the fund is being transferred to a Bank Account or Wallet. I’m attaching the screenshot

 

[BeingIncog]

I got a mail that from 15th January 2024 1% fee will be levied on merchant transactions where the fund is being transferred to a Bank Account or Wallet. I’m attaching the screenshot

old . . .

 

[NShah]

I got a mail that from 15th January 2024 1% fee will be levied on merchant transactions where the fund is being transferred to a Bank Account or Wallet. I’m attaching the screenshot

Thread 'Another onecard devalution' https://www.technofino.in/community/threads/another-onecard-devalution.20637/
@ashwink @vaibhav111 @Rkr merge this Thread

 

[Akashn]

Ek faltu card ne TF ki acchai khasi space le li

Shitty card

completed waste of material

Fu***k Fede**al No LE

Kya karega LE leke.. Kaha use karega??

 

[Shubham Yadav]

Kya karega LE leke.. Kaha use karega??

Fed***l ki ga***d mai daal kr rewards nikalunga

 

[sxchzy]

mods merge this thread