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Why Everyone’s Talking About the New Edge+ CSB RuPay Card!

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tachniki said:
For 10% cashback, cashback limit is rs 500 per merchant. So, kind of killer if you want to do big purchase. But will good to buy amazon pay gift card per month for rs 5000.

How do these bank sustains 10% cashback? Must be hoping for folks to pay interest or using card for EMI purchases.
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Here legacy banks are hardly able to maintain stable (and lucrative) reward rates across cards and keep on devaluing them time and again. Then what can one expect from a fintech offering? Playbook is common introduce card with lucrative reward rate, bring on plethora of customers with lots of future upsell potential and then at the right time devalue the crap out of the product.
 
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jk51 said:
Here legacy banks are hardly able to maintain stable (and lucrative) reward rates across cards and keep on devaluing them time and again. Then what can one expect from a fintech offering? Playbook is common introduce card with lucrative reward rate, bring on plethora of customers with lots of future upsell potential and then at the right time devalue the crap out of the product.
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Agreed. But I’ll definitely use it to extract every penny (no manufactured spends though) until this lasts.
 
Its just a marketing stunts for hardly 3 months/quarter.
We all have seen jupiter devaluation on its neo bank offerings so can't expect anything different here also.
And moreover CSB bank is a regional bank with small marketing budget so can't expect much for long
 
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tachniki said:
For 10% cashback, cashback limit is rs 500 per merchant. So, kind of killer if you want to do big purchase. But will good to buy amazon pay gift card per month for rs 5000.

How do these bank sustains 10% cashback? Must be hoping for folks to pay interest or using card for EMI purchases.
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This will not sustain. Retail margins are low then travel. This card is only for getting the joining fee.

A cc business will run on no loss no profit basis by definition without considering the defaults and EMIs. The defaults and EMIs are profits on top.

So when they gather sufficient base, this card will be devalued for sure.
 
I can't understand the negativity surrounding this product. I have had this card since day 1. In the initial days, I used to get 3% to 5% cashback on offline merchants. Thereafter, sometime in mid 2024, it was revised to 2% on shopping / travel / dining. Most of the shops used to fetch 2% and even though I had the Tata Neu Infinity since 2023, I found 2% straight cashback to be better than 1.5% neu coins.

Recently, I have upgraded to Edge+ by paying 580 rs and I have already recouped the investment in the 1st month. Which other card offers 10% on Amazon / flipkart/ zudio ? Even if it is capped at 500 Rs it is still not A bad proposition. It offers unlimited 1% otherwise. I closed my Axis Kiwi card last month since it was horrendously devalued.

I haven't found any other rupay card which is as lucrative. Yes, kiwi has a 1 card per account policy and hence I can't get it after closing Axis Kiwi.

Many are cribbing about the servicibility of locations but I do not consider it as a demerit. Even HSBC, only sources cards in metro cities, so is Live+ a bad card?
 
plastikman said:
I can't understand the negativity surrounding this product. I have had this card since day 1. In the initial days, I used to get 3% to 5% cashback on offline merchants. Thereafter, sometime in mid 2024, it was revised to 2% on shopping / travel / dining. Most of the shops used to fetch 2% and even though I had the Tata Neu Infinity since 2023, I found 2% straight cashback to be better than 1.5% neu coins.

Recently, I have upgraded to Edge+ by paying 580 rs and I have already recouped the investment in the 1st month. Which other card offers 10% on Amazon / flipkart/ zudio ? Even if it is capped at 500 Rs it is still not A bad proposition. It offers unlimited 1% otherwise. I closed my Axis Kiwi card last month since it was horrendously devalued.

I haven't found any other rupay card which is as lucrative. Yes, kiwi has a 1 card per account policy and hence I can't get it after closing Axis Kiwi.

Many are cribbing about the servicibility of locations but I do not consider it as a demerit. Even HSBC, only sources cards in metro cities, so is Live+ a bad card?
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Kiwi is devalued but it's only per transaction minimum spends.
 
Overhyped. Why would one use this card to spend on MakeMyTrip etc for 5% cashback when there are multiple better cards for that spend. First type of spend for 10% cashback is also limited as max cashback is 500- so max can buy 5k Amazon voucher every month for 500 discount. Others aren't much useful or better options available. Overall it is good Rupay card but to call it everyone talking about it is highly exaggerated.
 
Indrajeet100 said:
Overhyped. Why would one use this card to spend on MakeMyTrip etc for 5% cashback when there are multiple better cards for that spend. First type of spend for 10% cashback is also limited as max cashback is 500- so max can buy 5k Amazon voucher every month for 500 discount. Others aren't much useful or better options available. Overall it is good Rupay card but to call it everyone talking about it is highly exaggerated.
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Better options? Like?
 
PainX said:
Surprisingly my application wasn't approved. Reason given "Your application doesn't meet CSB Bank's credit underwriting policy."
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Same reason. Despite having Jupiter Pro account since 2022 and credit cards from all major banks with decent limits, they show this message only for last 3 years. They invited me over email in 2023 and again in 2024 to be "one of the first to get to try" and showing a fake credit limit of 3,00,000 and after that I am slammed with this "CSB Bank's credit underwriting policy" message. There's a CIBIL report generated but never a hard enquiry, so they are deciding eligibility without even doing a hard CIBIL enquiry. My pin code should be serviceable since I am in the heart of Mumbai, in a prime location. That being said, if Jupiter has the good sense to partner with a more sensible bank, this card can take off

EDIT: I missed the "Disclaimer: Sponsored post" at the bottom, until I saw it on Twitter 🤭
 
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Gau₹av said:
Same reason. Despite having Jupiter Pro account since 2022 and credit cards from all major banks with decent limits, they show this message only for last 3 years. They invited me over email in 2023 and again in 2024 to be "one of the first to get to try" and showing a fake credit limit of 3,00,000 and after that I am slammed with this "CSB Bank's credit underwriting policy" message. There's a CIBIL report generated but never a hard enquiry, so they are deciding eligibility without even doing a hard CIBIL enquiry. My pin code should be serviceable since I am in the heart of Mumbai, in a prime location. That being said, if Jupiter has the good sense to partner with a more sensible bank, this card can take off

EDIT: I missed the "Disclaimer: Sponsored post" at the bottom, until I saw it on Twitter 🤭
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Oh even I missed that disclaimer at the end and was wondering what is wrong here😀
 
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