Effective 15th Jul'24, Federal bank Credit/Debit Card Devalue
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Effective 15th Jul'24, Federal bank Credit/Debit Card Devalue:
Link: https://www.federalrewards.in/content/ov...ew
- Effective 15th Jul'24, the transactions related to Financial institutions (6012), Insurance (6300 &5960) & Quasi Cash (6051 & 6050) will not earn federal reward points.
- Effective 15th Jul'24, the reward points accrued for Insurance transactions will have a monthly capping of 250 points per card per calendar month.
- Effective 15th Jul'24, Redemption of Federal points towards ‘Cash’ to Credit Card account will be computed at 10 paise per point.
- Effective 15th Jul'24, Reward points accrued for Internet Banking transactions will have a monthly capping of 100 points per calendar month.
- Effective 15th Jul'24, Reward points accrued for Mobile Banking transactions will have a monthly capping of 100 points per calendar month.
Other Devaluation -
W.e.f 1st June'24 for all redemptions, instore & online, a maximum of 70% of the transaction amount can be paid through Federal Reward Points and the balance amount has to be paid via Federal Bank Debit/Credit cards.
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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https://www.desidime.com/comments/permalink/10134905
BOB credit cards are also got devalued...
https://www.desidime.com/comments/permalink/10136820
May I know?
How can we know which website has which MCC code?
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Kisi din kya accha tha fedbank?