Still a bad deal. Minimum reward withdrawal is 5000โน 
1 Like
Have you taken the card? If yes its worth it?.
I already have a unsecured credit card with SBM Bank. will i am eligible?
Yes itโs quite disappointing
No itโs not worth it. Its all gimmicks
1 Like
2 Likes
1 Like
Itโs 0.25 gm now.
This card is very much overhyped and useless in comparison to every other card(secured and unsecured), be it in feature or Rewards.
It gives roughly a meager reward of around 1.3%.
Also one needs to have a FD of 50k atleast on which you get credit limit of 90% of the amount,in comparison one card gives credit limit of 110% and 1 reward point for every 50 rs and you get 1 rs for every 10 points ,that seems very poor reward structure however one card also has 5X reward point on top two categories which brings the reward around 1% ,which is less in comparison to gild but still better in every aspect to that of Gild as it doesnโt have any signup or annual fee.
Anything I am missing here?
5 Likes
Honestly after trying out Niyox, onecard, slice, Fi, Jupiter, Paytm bank I find my good old ICICI bank way more stable and just works on demand (except for that one day outage). Every fintech app I tried either lacks the feature I want (like for example Flexible standing instructions, tokenisation, seamless international transaction, internetbanking etc.,) or sometimes the apps of these fintech apps face slow responsiveness, payment error, transaction limitations.
So I highly doubt the sustainability of these new age fintech companies by existing merely as a middle manโฆonce they cut the offers or stop ads they will realise the true pain in their business model.
4 Likes
Not a huge fan of federal bankโs servers either. Hope to see Jupiter run their own someday.
I like AA. Networth on Jupiter is a good idea, but we need more banks to be supported. Hope FI brings something unique to the table with their โconnected accountsโ feature tho. The more the competition, the merrier.
Two interesting tidbits from the Fiโs recently introduced โConnected Accountsโ feature that throws some light on whatโs possible with AA.
2 Likes
This is interesting. But donโt we already have careless withdrawal at atms? I swear Iโve seen such options in certain atms.
2 Likes
Yes, but only a few.
This is ICCW. So, you donโt need to have an account with the bank whose ATM you are going to use for Cardless Cash Withdrawal.
2 Likes
2 Likes
1 Like
3 Likes
Source : The Federal
2 Likes