That is where the mindset change has to brought about. When we participate in the journey of a product, there will be phases where the rewards will flow and then things start to rationalise. It is the rationalisation phase which is most interesting one, because that the product related excitements start to come in. While it is important from a consumer perspective to weigh the everything with the WIFM rule, having said I cannot always outweigh anything’s long term perspective. You’ll very young as of now. Compared to me at least 20-22 years younger. Hence, as of now it may not make a lot of sense. With experience, I am sure you will appreciate this more.
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So in that way I think Jupiter should think about students for their longtime journey & since Jupiter can’t treat students when they require, I don’t think we can help Jupiter when they require Because when most of the students will close account & then they will be losing future potential salary account consumers. Maybe I wasn’t able to express what I wanted in words
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Most of millennial prefer old type banking style not neo bankings. Gen Z should be focus of neo banks.
Customer acquisition cost can be given by direct cashback.
Jupiter can give promotion brand cashback like many new fintech arrivals do.
@Thaddeus I feel you. But don’t take it personal.
All businesses do this. This is important for the survival of the business.
Take OnePlus. They promoted themselves as a enthusiast exclusive brand. But that demographic is a very small demographic and the company would have closed down by now if they had gone down that route.
Then they expanded to regular users and made a profit.
Another recent example is Cred. At first the rewards were available easily. But then things have changed.
The investors in Cred demand results for their money.
So this is how companies operate.
It’s ok if you reduce Cash back …BUT it’s not ok if you change DC charges whenever you feel even for your old customer that ltf dc is chargeable from next year. What am I getting from this account…I think nothing besides fear of random freezes
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@Thaddeus You have to understand that customer churn will always happen in businesses.
The fact of life is that “You can’t satisfy everyone”.
So businesses tap into the customers who actually make them money.
Yes. As I said earlier… Present students (future employees) are going to make Jupiter money.
But then again… If I am thinking about it, the folks at Jupiter would have thought about this even more.
But you have to understand that maybe they are desparate to make money ASAP (we can’t know this for sure). So they are ready to trade the students demographic for immediate profit.
Every customer comes with corresponding expenses.
Businesses are complex. They have to satisfy customers, investors, share holders, etc.
Jupiter even charging for virtual cards with annual subscription fee of Rs 199/- is this only way to make profits?
I initially use Jupiter for transactions but I later realised that y should I even pay for virtual card?
Bank is Federal, Jupiter is nor a bank neither a better payment application than paytm.
Suppose, Someone can use federal Bank using upi in paytm after creating account with Jupiter then why an extra storage eating sluggish application only for User interface?
Btw storage is not a problem these days, but feature of Jupiter application for payments is always lesser than PayTM and PhonePe…
There are so many neo banks with free debit cards and chequebooks. Why someone (non-pro) will pay extra fees for virtual cards 199+gst annually? Again I am saying Does Jupiter worth it?
So, I recently blocked my card it does not worth it for me as a non-pro.
Customer retention is different side of game of business…
@0Abhi0 To each his own… 
Sorry to see you go…
Cred knows that only cream 1% to 3-4% population of India own CC. They will target them for thier micro loan products and pay later items with collected data.
The cred knows better that referring makes product grow exponentially. The availability of Cred as a Credit card bill payment only due to its cashback and offers.
One can even pay cc bills using cheq, paytm, mobikwik, bill desk. But cred own the market share ig?
Note: cheque charges processing fee for any payment method but Cred not (for now).
Do not feel sorry. I am not leaving community… 
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Jupiter community is more useful to me than my Jupiter pro membership.
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How you get cashback of 400
You will get 1% cash back on wallet reloads up to 400 if you have millenia debit card or you can do normal debit card spends where you will get 2.5% cash back & if you spend via Smartbuy then you will get 5% cash back & you will have to redeem it via net banking or mobile banking
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1% means you have to load 40 k for Rs.400
Yes…you can repeat 5k 8 times within a month Wallet reload is only if you don’t shop or pay utility bills otherwise if you shop & pay utility bills you can earn from there as well if you don’t want to do wallet reload. But the cash back points will get credited after around 90 days
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Also u can get 2.5%cb with this Debit card while paying for cc bils
@Silly how 2.5% cashback for credit card payments through Millennia debit card.
Even if it is possible the max cap on cashback is 400 Rupees.
Good for 16k cc bill payment.
After that u can use other card to get 1%cb.
Axis e-debit card, hdfc platinum, rbl signature plus