Revaluation HDFC Bank Swiggy credit card cashback will be credited to the card statement instead of Swiggy Money, effective 21st June, 2024.

[summary]

Starting from 21st June, any cashback earned will now be adjusted against the credit card statement, rather than appearing as Swiggy money on Swiggy. Such a wonderful upgrade by HDFC in this devaluation season.

 

[BhaiyaJi]

 

[BhaiyaJi]

This is a great upgrade. After a very long list of devaluations.

 

[the.avhishek]

Dear Valued Cardholder, We're elated to upgrade how you earn CashBack on your Swiggy HDFC Bank Credit Card xxxx. Starting from 21 st June, 2024, any CashBack you earn will reflect in your Credit Card Statement, rather than appearing as Swiggy Money CashBack on the Swiggy app. This means your CashBack will directly reduce your statement balance for next month. For example, If your statement is generated on the 21st each month, CashBack earned from the 21st of April to the 20th of May will appear on your May statement and will reduce the amount you owe in June.​

Here's a detailed overview of your Enhanced CashBack Structure:​

Feature Description Current Structure New Structure (effective 21 st Jun’2024) Reward Type CashBack credited as Swiggy Money on the Swiggy App​ CashBack credited and adjusted against outstanding balance in card statement Reward Timeline​ CashBack credited 10 days post statement generation​ CashBack credited and adjusted in subsequent monthly statement Reward Benefit​ - 10% Cashback on Swiggy application (Food ordering, Instamart, Dineout & Genie). - 5% Cashback on online spends - 1% Cashback on other categories. For list of exclusions & capping - 10% Cashback on Swiggy application (Food ordering, Instamart, Dineout & Genie). - 5% Cashback on online spends - 1% Cashback on other categories. For list of exclusions & capping Redemption CashBack is redeemable as Swiggy Money only on Swiggy App​ CashBack will directly reduce your next month's statement balance. Validity 1 year No validity

Note: Until 20th June 2024, your CashBack earned will continue to reflect on your Swiggy App. Please be assured that we’ve made this change to help you keep track of your finances more easily and use your CashBack more effectively. If you have any questions or need more details, please feel free to contact us on 1800 1600 / 1800 2600 We thank you for your understanding and assure you of our best services always.​

Warm regards, HDFC Bank​

 

[vijay.vj]

Starting from 21st June, any cashback earned will now be adjusted against the credit card statement, rather than appearing as Swiggy money on Swiggy. Such a wonderful upgrade by HDFC in this devaluation season.


View attachment 54435

Perfect, now its a decent alternative to SBI Cashback card?

Solutions for those innocent souls stuck by SBI U2 overleveraged rejection

 

[Ash8]

Got a mail just now stating that cashback earned on Swiggy HDFC credit card will start accounting towards statement instead of swiggy money. Check details in image attached.

For all those who didn't want this card because the cashback was received in form of swiggy money, this is a positive change for them.

 

[shrewdoc]

By this, Swiggy CC >> Millennia CC

• Better Fees
• Better Cashback Capping
• No Redemption Tension
• 10% off on Swiggy

Are they gonna f**k Millennia now?

 

[pinki]

Army 🪖 bulao idhar

















10k per month hoga ab🌚

 

[pinki]

Shit yrrr
30 hzar ke agv aur khridne pdenge ab 🌚

Ye banks bhi n , alag work load bdhate rhte hainn😈

 

[its_karan]

Starting from 21st June, any cashback earned will now be adjusted against the credit card statement, rather than appearing as Swiggy money on Swiggy. Such a wonderful upgrade by HDFC in this devaluation season.


View attachment 54435

This is not Because of HoplessDFC

Ye sab Swiggy ki karamat hai, They are surrendering their PPI License just like Zomato

Swiggy wallet /Swiggy Money was under this PPI License. Jab hoga hi nahi toh doge kidhar.

Thus Statement Credit

 

[its_karan]

By this, Swiggy CC >> Millennia CC

• Better Fees
• Better Cashback Capping
• No Redemption Tension
• 10% off on Swiggy

Are they gonna f**k Millennia now?

Par rahega Floater hi in books of HDFC

 

[shrewdoc]

Par rahega Floater hi in books of HDFC

Great for Moneyback users who were denied upgrades to Millennia.

Floater Card hi sahi.

 

[varun__goel_]

Ab jaldi se LTF ki notification aa jaye app mein🙂

 

[its_karan]

Great for Moneyback users who were denied upgrades to Millennia.

Floater Card hi sahi.

Ha Core hai toh na

Ye swiggy ke GTM wale toh new to credit users hai

Unko kya pata HoplessDFC ka BhetBhaav towards Core and Floater

 

[Strange]

Ye sab Swiggy ki karamat hai, They are surrendering their PPI License just like Zomato

Swiggy money pehle ICICI se powered tha fir Razorpay ke sath partnership,

Abhi wala Swiggy money Razorpay se hi chal raha band nahi hua hai wo.

 

[CyberPsych]

Now how is Millennia CC better than this?

 

[its_karan]

Swiggy money pehle ICICI se powered tha fir Razorpay ke sath partnership,

Abhi wala Swiggy money Razorpay se hi chal raha band nahi hua hai wo.

I said they are

are

Maine kab bola they have
They are mimicking Zomato's path to Operational level profitability

like Zomato

Zomato surrenders payment aggregator and wallet license to RBI

Foodtech major Zomato has decided to voluntarily surrender the payment aggregator and wallet license to the Reserve Bank of India (RBI).

entrackr.com

 

[jack333]

Shit yrrr
30 hzar ke agv aur khridne pdenge ab 🌚

Ye banks bhi n , alag work load bdhate rhte hainn😈

They've mentioned in the terms 5% cb not valid on gift card and grocery in the terms. Are you getting for AGV purchased on amazon

 

[varun__goel_]

Now how is Millennia CC better than this?

If you know how to use millenia, you can get upto 7% cb😁

 

[its_karan]

Ab jaldi se LTF ki notification aa jaye app mein?🙂

Apko bhi nahi mila