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Infinia points 15K/ month or billing cycle

swipesmart

TF Select
Hi,
I see in my monthly bill for last 2 months I'm given more than 15K points. Just not sure if it's monthly level or billingcycle.
Can someone clarify if I'm missing something.

Attached June and may statement.
 

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If a 5x transaction is done today (30-Aug)
5x points will come after 3-4 days (3-September)

Will those be counted in August quota or September quota of 15k capping?
 
If a 5x transaction is done today (30-Aug)
5x points will come after 3-4 days (3-September)

Will those be counted in August quota or September quota of 15k capping?
Points will be counted in the month they are credited, after the merchant confirms the transaction which usually takes 2 to 3 days from the date of transaction.

You may also check with customer care once
 
If a 5x transaction is done today (30-Aug)
5x points will come after 3-4 days (3-September)

Will those be counted in August quota or September quota of 15k capping?
It will be counted under August Month's quota, can confirm this, had booked some international flights on 30th May, the transaction was settled on 1st June, but 5X points were credited under May month's quota.

Customer care mentioned that it would be credited based on the settlement date which was wrong, points are credited based on transaction date.
 
If a 5x transaction is done today (30-Aug)
5x points will come after 3-4 days (3-September)

Will those be counted in August quota or September quota of 15k capping?
They should be on transaction settlement date.
So if we do transaction today, generally it's settled tomorrow or day after tomorrow. So prefered to do transaction with at least 48 hours before month end to get it
 
They should be on transaction settlement date.
So if we do transaction today, generally it's settled tomorrow or day after tomorrow. So prefered to do transaction with at least 48 hours before month end to get it
How to know the settlement date? Does it show up in Unbilled means its settled? It started showing immediately in netbanking for me
 
If a 5x transaction is done today (30-Aug)
5x points will come after 3-4 days (3-September)

Will those be counted in August quota or September quota of 15k capping?
Using infinia from quite a while and I keep a excel sheet for every single point and when they are counted.

Your will be counted for august month. 100% confirmed.
Points will be counted in the month they are credited, after the merchant confirms the transaction which usually takes 2 to 3 days from the date of transaction.

You may also check with customer care once
wrong, please don't give information without experience.
They should be on transaction settlement date.
So if we do transaction today, generally it's settled tomorrow or day after tomorrow. So prefered to do transaction with at least 48 hours before month end to get it
No, I have done trxns even around 10pm on last date of the month (31st) and they are counted towards the month quota of when it is done not when it is settled.
 
Using infinia from quite a while and I keep a excel sheet for every single point and when they are counted.

Your will be counted for august month. 100% confirmed.

wrong, please don't give information without experience.

No, I have done trxns even around 10pm on last date of the month (31st) and they are counted towards the month quota of when it is done not when it is settled.
Okay, might be different for different banks then. For most cards I have for which I track rewards/cashback they work on settlement date. But might be true for some and not for others. Thanks for info,
I am guessing same will be true for DCBM?
 
Okay, might be different for different banks then. For most cards I have for which I track rewards/cashback they work on settlement date. But might be true for some and not for others. Thanks for info,
I am guessing same will be true for DCBM?
yes, you are right, most banks have settlement date but in infinia (I am guess dcbm too but I don't have dcbm, so can't confirm, only infinia) it is transaction date not settlement.
 
Smartbuy quota is for calendar month. Points reflect after the transaction is settled. But the transaction date is considered for Bonus points quota. So transaction done on 31st August might settle on 1-2 Sept but the Bonus points quota will be considered for August only as it depends on the transaction date.
 
Smartbuy quota is for calendar month. Points reflect after the transaction is settled. But the transaction date is considered for Bonus points quota. So transaction done on 31st August might settle on 1-2 Sept but the Bonus points quota will be considered for August only as it depends on the transaction date.
Not the case for that special myntra bonus points or other bonus points, right?
 
Not the case for that special myntra bonus points or other bonus points, right?
For Myntra 10X offers, the 4X bonus is credited in the transaction month, while the remaining 5X is credited within the next 90 days. The 5X bonus are counted towards the quota of the month in which it is credited.
 
while the remaining 5X is credited within the next 90 days. The 5X bonus are counted towards the quota of the month in which it is credited.
It's been 90 days already for me as I did the trxn on 1st June. Also I have it from hdfc that the month when the trxn happened in the month of the quota for the remaining points to be credited.

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