Great News - Now get the same rewards on RuPay CC UPI transactions as we get on Credit Card transactions

what does it even mean 😓

They should instead focus on making merchants accept rupay credit cards for txn under 2000

From the past couple of months, my nearby Grocery store turned off the rupay credit card upi acceptance. Now, I need to shell out money from my savings account. It sucks 😕.  I prefer separate transactions entry for calculating my monthly spends and rupay credit card upi serves pretty well.

mhm good news:) this will keep making people use Rupay more xD 

since many i heard stopped using Rupayscan and pay on credit card because of different reward structure for rupay and the card variant

Eg: SBI SimplySAVE rupay behaves differently in rupay compared to swipe i heard (so i never used rupay in it:) i use swipe in it always at offline merchants)

VU+ for the news the good news to reach more

Which cards have such discrepancy? 

I know IDFC Vistara's rupay digital card gives 1 CV points whereas Mastercard gives 6 or 4 CV, will they have to change as well?

@abhishek012 With this will HDFC Tataneu will be forced to give 1.5% (in case of infinity) even if we do rupay upi txns not from their TataNeu app? Right now, if we do rupay upi txns from other UPI apps, they are offering only 0.5% from 1st August

Please make it mandatory for small/big merchant to accept less than 2k tnx using Rupay CC upi

It is a good move no doubt but banks will use tricks to escape the "rule":
1. Core REWARDING card on Visa/MC while a useless FLOATER card created where card txns as well as UPI txns have parity but reward rate is poor compared to core card. So the banks claims we are providing rewards parity and following NPCI rule.

2. Even if the reward rate on RuPay CC UPI is same as card txn, they put a capping on UPI txns but no capping on card txn.

The circular needs to be clear about all these points to prevent banks from (mis)using these loopholes

Chalo dekhte hain.. rwd upar jatq hai ya niche march karta hai. Ye mcc code wala bhi circular ana chahiye.. jqb jiska man kiya koi mcc chipka deta hai kisi bhi transaction par

Another bureaucratic interference.

This will be good for many fuel credit card users, as many fuel card don't give rewards on upi transaction 

So acc to RBI every card should be made available in all networks of VISA -MASTERCARD & RUPAY so going by this SBI CB should be available in RUPAY variant sooner or later and Then the same 5% cb should also work on the RUPAY UPI CC transaction  on ONLINE MERCHANT TRANSACTIONS (subject to exclusions on MCC) 

Or say INFINIA getting rewards on digital HDFC RUPAY CARD.... is it the right analysis?? @abhishek012 

If yes there are more loopholes to Fix otherwise banks are going to devalue the rewards for all CARDS to avoid being burnt by this change 

So far, which banks are offering UPI on add on cards also?

Which rupay CC is best...i dont have any

Idk .. Why most of the times UPI through rupay credit card transactions gets declined ... ?

Can anyone explain ...

I have a merchant account and someone paid 2000+ and then around Rs 16 was deducted from my Phonepe merchant. My dad came to me with it and asked me to close the Rupay CC option so that we don't incur this loss in the future. Now imagine 1000+ people do this in 1 month, so I get it why merchants don't want to pay the price, they don't see any benefit on their end. If Phonepe can give me an option that any amount above Rs 2000 will not be able to pay using CC, I will gladly turn it back on so that customers with lower value can use this feature but no way a small business is going to absorb that loss when he can get full value with bank UPI.

Last time I used rupay cc was 3-4 months back, neither tata neu infinity or indusbank rupay cc works in any merchant I scan, be it grocery, chicken, doctor fees or even beer shops etc.

Rupay cc are waste of time. Correct me if I am wrong.

- now they either will increase mdr cahrge so heavily and shamelessly that all merchant will disable rupay on QR codes

-or will devalue in form of limit for QR txn

-i say it again , indians are best honest whole hearted people on earth who believes in giving to enviroment fellow people , that is why india is best country in the world

Good move to decimate Visa monopoly  

The monopolistic days of Visa are over. It used to force banks to stop issuing cards with other networks. Yet another nail in the coffin of Visa      

Even local merchants are charged 50rs mdr for a 1900 txn through hdfc infinity rupay cc

if MDR isn't same how can reward be same O.o also what about MCC, how can a QR have MCC and even if it does it will be some common MCC which won't comply with the stuff we buy much.

IRCTC counters disabled Rupay cards on POS. 

But at the same time axis iocl charhe too many extra money for the petrolI fuel my 2 wheeler for 340.rs. manu time and never check statement But last month when i checked i am shocked Iocl axis bank charged 351.80 rs. For the transaction That means 11.80 ra extra each time I am totally shocked that this much amount of money even for iocl card iocl petrol pump

Tata neu bhi dega fir as they reduced only this month on upi.. lets see.. achhe kaam kam hote hain bure kaam jyada..

BANK will not give thsi so easily as they are indian banks and india is best country in the world 

-so be ready to take offcial notification and filing rbi banking ombudsman