From a bank that’s a fair ask. You need a minimum balance to enjoy the perks.
But……………
The current rewards system isn’t interesting from a heavy spender’s perspective. We need a rewamp of membership rewards.
Let’s keep aside 1J = ₹1 and maybe consider points of less value, but more with every transaction. And coupons and merchants to use them with.
I don’t mind waiting for 10,000 points as long as I get to redeem it at Indigo for a hefty ticket discount, or a vacation at a homestead in Himachal
Even if that implies I need to spend over ₹30,000 on multiple transactions spread over months…… rewards matter! So do the dopamine hits seeing them grow.
Well, we’ve this update via an official communication email from Jupiter. “You will earn 1% Rewards on Debit Card and UPI spends for 3 months from the date of account opening.”
10k MAB is too much. I don’t even use the debit card offer. So keeping 10k and loosing sleep over it for a 100 bucks isn’t worth it. Is this Neobank for students/20s jobseekers or for rich people? Cause rich people already have better options in HDFC/ICICI/IDFC and they don’t care about a 100 buck Jewels.
In the coming months Jupiter will have to address this head-on. And, hopefully the app is robust enough to attract users from the latter camp, now that it’s not so enticing to the former (rn).
Whatever be the case, financial literacy and the tools that help users achieve them should be the goal.
After few months jupiter bank will become like ordinary banks we can see this now too 10k is too much to maintain as a student. We are seeing downgrade in the app