New RBI Rule - Get Credit Card on Any Card Network of Your Choice

1513°

10898
74
Last Comment 2023-12-15

beastboy

2023-07-05

New RBI New Card Network Rule: 🔥🔥🔥

1. Banks have to issue cards with multiple card networks (VISA/Mastercard/Rupay/Amex etc).

2. Customer has the right to choose their own card network at the time of opting new card or anytime later during the card membership.

3. Banks cannot deny customer request.

4. Rule applies from 1st October 2023.

Enjoy! ❤️

Source 👉 https://www.rbi.org.in/Scripts/bs_viewcontent.a...

Expired

Groups
Finance

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.

Deal Wiki

Created by : FighterMan 2023-07-10

Users can Port to Card Network (Rupay, Visa, Mastercard) of their choice from 1st October, says RBI

73 Comments |

57 Dimers

Sort By

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9391445

MR_BEAST

2023-07-07

Link Copied

You can't use rupay on international websites. I would choose visa anyday.

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9391508

baludesi

2023-07-07

Link Copied

Yes. BUT even RuPay may tie up with some for international transactions.

View 1 more reply

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9392492

raknaz

2023-07-07

Link Copied

is it possible to get american express platinum under rupay variant?

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9393280

G-Gowda

2023-07-08

Link Copied

Was getting tired of getting Visa cards all the time even after requesting for Rupay. This is a good move.

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9393899

dippy44

2023-07-08

Link Copied

So it's only applicable if the bank has that card already available on multiple networks right? For example will we be able to demand sbi cashback rupay card?

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9394493

imtiyaz2022

2023-07-08

Link Copied

I have kotak mojo visa card .Yesterday I called and asked to convert Variant from visa to rupay but they decided to do it.

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9394738

harpy.eagle

2023-07-08

Link Copied

If this works out without any bias or limitations from banks, it will be surgical strike on MC, Visa.

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9395808

TechnicaDigiMoney

2023-07-09

Link Copied

What about Axis ACE Rupay Credit Card, 2% Unlimited cashback on UPI transactions I hope it will give 2% cashback

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9399056

baludesi

2023-07-10

Link Copied

There is no obligation for the bank to give same level of rewards on all the card networks. ACE Rupay might not reward 2% on UPI txns and may not be 2% at all in any txn.

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9426526

ZJ2d4WJF

2023-07-20

Link Copied

Finally something good coming from RBI side.

https://www.desidime.com/discussions/new-rbi-rule-get-credit-card-on-any-card-network-of-your-choice?page=2#post_9468250

some1anywhere

2023-08-07

Link Copied

Note that it is still a draft proposal and may not even become a rule as early as October. It may come eventually later though. Very good proposal by RBI.