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Fi account further devaluation

I saw https://www.technofino.in/community/threads/fi-prime-account-devalued.39811/ and thought I would make a similar post

Fi decided to move from "Fi coins" to "Fi points".

They make bold claims like there's no devaluation, no change, easier math and all that nonsense, but the reality is, the ratio is different so they get to round down more and the net percentage is less than 2%

Fi is still my primary UPI transaction bank account, and I understand they want to move to a model where they can round down and save more money, but their announcements are absolutely misleading. Someone needs to sue them 😀
 
I saw https://www.technofino.in/community/threads/fi-prime-account-devalued.39811/ and thought I would make a similar post

Fi decided to move from "Fi coins" to "Fi points".

They make bold claims like there's no devaluation, no change, easier math and all that nonsense, but the reality is, the ratio is different so they get to round down more and the net percentage is less than 2%

Fi is still my primary UPI transaction bank account, and I understand they want to move to a model where they can round down and save more money, but their announcements are absolutely misleading. Someone needs to sue them 😀


For prime I am getting same 3% rewards
 
For prime I am getting same 3% rewards
How?

Here's my example. I have a Netflix payment of Rs. 649 on the first on the month.

Earlier I was getting the full 649 coins. Now, I am getting only 51 points. However, I should ideally get 51.92 points.

Imagine I make another transaction for Rs. 151. I would have made a total of Rs. 800 , and I would have gotten 800 coins, that I can redeem for full 2%

However, I will get only 63 fi points, not 64 fi points.

The rounding down will be more and more visible as more and more transactions are made with non-divisible values.
 
How?

Here's my example. I have a Netflix payment of Rs. 649 on the first on the month.

Earlier I was getting the full 649 coins. Now, I am getting only 51 points. However, I should ideally get 51.92 points.

Imagine I make another transaction for Rs. 151. I would have made a total of Rs. 800 , and I would have gotten 800 coins, that I can redeem for full 2%

However, I will get only 63 fi points, not 64 fi points.

The rounding down will be more and more visible as more and more transactions are made with non-divisible values.
I always do in multiple of 1k to avoid this kind of issue and I only pay my cc using fi for getting points
 
I always do in multiple of 1k to avoid this kind of issue and I only pay my cc using fi for getting points
yeah if you are always doing it in nice round numbers, not a problem.

I use it as my daily UPI account for all transactions. Some transactions are person to person and don't earn rewards, some are merchant transactions and it's nice to get some bonus 🙂

do you have any other suggestion for a good UPI payment mechanism that offers reliable and consistent cashback?
 
yeah if you are always doing it in nice round numbers, not a problem.

I use it as my daily UPI account for all transactions. Some transactions are person to person and don't earn rewards, some are merchant transactions and it's nice to get some bonus 🙂

do you have any other suggestion for a good UPI payment mechanism that offers reliable and consistent cashback?
Super money for merchant payments
 
Super money for merchant payments
If there's a separate thread for supermoney please let me know I can ask there but otherwise ...

Is it a "credit card"? Because most of the "merchant" QRs near me, the ones where I shop regularly have explicitly disabled credit card. I have Tata Neu Rupay CC but not eligible to pay them. Fi is nice because it gives me cash back also, and the QR doesn't see it as a "credit card" either.
 
Does any one please tell,Is it worth to open a fi account (infinite/prime) ?.Usually pay around 30k+ CC Bills
It's now complicated with points cos we now need 25k points to convert as 5k cash. Max we can get is 4k points per month so 7 months is needed to redeem as cash but not sure how much d'évaluation WE can expect in near term so not sure if same valuation will be there for next 7 months considering u will start fresh from this month

U can consider if u r ok to buy Amazon voucher using points to get upto 50% discount n pay remaining as Fi UPI mode
 
Such assh*les! ₹5k should've been 20k points.

How do they make such changes and blatantly lie that you still get 3% cashback, and that points are worth 25 paise?!
 
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