Devaluation of JetPrivilege HDFC Bank World Debit Card

By | October 8, 2017

In the world of Credit cards, debit cards, seldom had any significance. Until, HDFC Bank Decided to introduce JetPrivilege HDFC Bank World Debit Card. The card when was introduced was the first loyalty debit card of that type for such a big known brand like JetAirways. There were a lot of benefits of holding the debit card. However, come 15th November, 2017, a lot of these benefits are going to go. For many, these might be the deal breaker.

JetPrivilege HDFC Bank World Debit Card

So what are the changes that have taken place:

  1. Joining Benefits:
    1. Earlier: HDFC Used to give 2000 JPMiles for joining rewards along with 1000 RPs for applying online and that would be credited once you had done a transaction within 90 days of getting the card.
    2. Now: HDFC will only give 500 JPMiles as joining benefits post one transaction.
  2. Renewal Benefits:
    1. Earlier: You used to get 2000 JPMiles for renewal. Now understand that the fees for this card was just ₹500 + ST. For this meagre amount you used to get 2000 JPMiles. So this card was a no brainer just for this benefit itself.
    2. Now: You will only get 500 JPMiles as renewal benefits once you do transaction within 90 days of card issuance.
  3. Airport Lounge Access:
    1. Earlier: There was a time that the card had unlimited airport lounge access in India. But later it was changed to 2 visits/quarter. But some users reported that they continue to enjoy unlimited visits.
    2. Now: It is now confirmed that the card only has 2 visits/quarter. I checked it myself when I called on the MasterCard Helpline number of 1800-102-6263. Now the IVRS correctly says that “You still have 2 complimentary visits left”.
  4. JPMiles on Retail Transaction:
    1. Earlier: You used to earn 4 JPMiles/₹150 for International Transactions and transactions on JetAirways website. For all other transactions you got 2 JPMiles/ ₹150.
    2. Now: You continue to earn 4 JPMiles/₹150 for international and JetAirways Transactions. However, you’ll now earn 2 JPMiles/₹150 on domestic Hotel, Air, Travel, Utility, Apparels and Restaurants only. You now get only 1 JPMiles/₹150 on all domestic shopping and online merchants for rest of the categories (except Jewellery, Business Services and Fuel). Now this is a big change. The earning capability on this debit card was already low. Now it has been effectively halved for most transactions. This literally makes no point in holding this debit card any more for online/offline purchase anymore if you have good credit cards etc.

Rest all the features of the card continue to be the same. Be it the ATM withdrawal limit or the Insurance. In the light of the above changes, it is a card that many people won’t prefer to own. I personally won’t like to shell out ₹500 + GST every year without much benefits now.

For people who are salary bank account holders in HDFC or who have Classic or higher portfolio, you get free VISA/Mastercard Easyshop Platinum Card. Though it doesn’t have any benefits, yet you don’t have to pay any joining or renewal fee either.

However, there are a couple of reasons you can still hold on to this card. One is if you don’t have better debit/credit cards than this then you should have this debit card as it is still better than a lot of debit cards in the market.

The second reason is that by default, the JPMiles that you accrue on your spends or earn for flights are valid for 3 years. However, if you own any of the co-branded credit/debit cards of any bank, the validity of the JPMiles that you earn is increased to 5 years. This card is the cheapest way to do so.

How many of you own this card and now plan to ditch it? Do you still plan to keep it? Let us know why in the comments section below.

Author: Abhishek Roy

Abhishek is a Doctor by profession and is passionate about Technology and Photography. He pursues his hobbies during the little free time he gets and likes to make the most out of it. He has special interest in Credit/Debit Cards, Reward Points, Air Miles and Travel Hacks.

41 thoughts on “Devaluation of JetPrivilege HDFC Bank World Debit Card

  1. Siddharth

    That’s huge devaluation again. I was relying on this for quite sometime.

    Infact, HDFC did not credit ~3k JPMiles and got it after escalation just a week back. Worst co-ordination by jet-hdfc on handling my tickets.

    Sad to see the numbers now.
    Looks like any card that i get on hand gets devalued in a month or so 😛

    Reply
    1. Amex Guy

      When you mention escalation with regard to HDFC, what exactly do you mean? The grievance cell or nodal officers? Their customer care is phenomenally useless.

      Reply
      1. Siddharth

        Grievance!
        Oddly they asked for 15 days to fix the issue, than usuall 3-5 days.
        Looks like they were devaluing the card in those 15 days 😀

        Reply
        1. Amex Guy

          15 days is a lot for miles issue. I wrote to grievance today, have been waiting since 3rd September for add-on card application to be processed. 😀

          Reply
  2. Amex Guy

    “You used to get 2000 JPMiles for renewal.”

    That’s been out for a while. I got this card in early September, and the booklet it came with claims 1000 miles on renewal. And it’s not a very currently printed booklet.

    I’m yet to get my joining voucher and 1000 points on first transaction, but I did get my 2000 joining miles, so I’m sure it’s on the way.

    Reply
  3. MOHAMMED ABDUL WAHED

    Hi sid,
    They have also devaluation hdfc easy shop platinum that gives 1% cash back but no cash back for wallet top up.

    Reply
  4. AC

    HDFC has got to be one of the worst managed bank in India, esp. when it comes to setting customer expectations right. They are a bunch of liars and doing, what one can call ‘cheap-thrill’ business – I am yet to come across a competent HDFC employee in my last 7 years of relationship with them and I am an Imperia customer.

    Its 2017-end and these idiots expect you to write to their Chennai office for basic things like credit card cancellation or visit their branch for address change. Theres hardly any real communication which gets sent out to Credit/Debit card holders – I did not receive devaluation notice on my Diners Premium for sure. But I get their ‘awesome’ Jabong and fabulous Insurance offers almost everyday. The latest being the Aadhaar card linking reminders when I have already linked my Aadhaar few months back. When a devaluation is this huge you expect to receive proper communication. Just look how Citi did when they devalued their PremierMiles card – there was multiple emails and more than 1.5 months of notice.

    Oh! did you guys know HDFC charges Rs 100+taxes per Imperia customer per quarter even if you meet their eligibility criteria. Not that I am complaining about the amount but just look at what you are getting in return. I doubt any other bank does that to customers of its top most offering. I know this is business at the end of the say but theres another hindi term which aptly describes this as well – “Chindi chori”.

    All I am saying is theres decent a way of doing things and then theres the HDFC way of doing things – they think that the customers are dumb and they are over smart. Can’t wait to see the look at my good-for-nothing RM’s face when I terminate my relationship with HDFC Bank next month.

    Reply
    1. ND

      I like “Chindi chori” name. I’ve been using this for them time and again… my wife calls them the biggest rogues on this planet. It is not just like that that they have become the bank with highest market cap in India and it is the worlds most expensive bank in terms of valuation.

      Reply
  5. Hari

    Siddarth, easyshop preferred platinum seems to have complimentary visits 2/ qtr although bank says otherwise. I called MC toll free number to check and it says I have 2 complimentary visits available.

    Reply
    1. Abhishek Roy Post author

      I have applied for the same after this devaluation. Let’s see if I get the MC variant or not. Else they will issue Visa Variant.

      Reply
      1. Prashant Agrawal

        Think you can specifically ask for MC. Probably have to make request using physical form/Phonebanking (?) though.

        Reply
        1. Abhishek Roy Post author

          I don’t know. I tried using Netbanking twice. Each time they have handed over the Visa Variant

          Reply
  6. Sharad

    Which merchants fall in the business services category? How many miles will be earn on Mutual Fund and Insurance transactions?

    Reply
  7. Ashwin

    I’ve this card and for sure gonna surrender for the Easyshop preferred platinum MasterCard.

    How to change the card? Manually or we can hot list the old card through net banking and request a easyshop online?

    Reply
    1. Abhishek Roy Post author

      You can manually block this card and order a new Platinum Debit Card but which variant (Visa or MasterCard) they will issue is beyond our control.

      Reply
      1. Chaitanya Varma

        Hi Abhishek,

        How did you apply for platinum debit card? Through netbanking or from branch? If preferred customer applies through netbanking, will there be a possibility of getting MC variant?

        Reply
        1. Abhishek Roy Post author

          I have applied through NB. I don’t know if I’ll get MC/Visa.

          Reply
          1. Ashwin

            I’ve applied through NB but I guess mostly they will issue Visa only. Even the instant debit card (at the time of account opening) they issue Visa only.

          2. Ashwin

            I have received the card and it is a Mastercard! My Jet debit card is valid till 11 – Nov. Will use to pay my SBI Prime dues and maybe mutual funds and get the miles till that time.

          3. Abhishek Roy Post author

            Great. Can you call the mastercard helpline number and check whether that card has lounge access or not?

          4. Ashwin

            I just checked with MC customer care and confirmed that the Easyshop preferred platinum card has 2 lounge access/quarter!

          5. Abhishek Roy Post author

            Thats great!! You got it through netbanking right? In all probabilities, I being a Classic Customer, I have been offered a Easyshop Classic Platinum Visa Card. I was told to write to the Chennai office by post if I wanted to get a mastercard.

          6. Ashwin

            Yeah, applied through netbanking taking your suggestion. I’m a preferred customer but maybe it helped. Try to get upgraded to preferred and apply again.

          7. Abhishek Roy Post author

            No man, I won’t. I already have unlimited lounge access throughout the globe. So won’t need it. But yes, this info will be helpful for other readers who can get that debit card for free lounge access in India. The best part is this card comes for free for salary bank account holders, Classic/Preferred/Imperia customers.

  8. PM

    Last October I sold a property and transferred the entire proceedings to mutual funds using this card, @3 lakh a day.
    Now I’m sitting on a pile of JP miles 🙂
    I’m holding this card for more than a year and have never been charged for renewal (preferred customer). I’ll keep it as long as it is free, just for the huge daily transaction limit.

    Reply
      1. HP

        Though they mention 3 lakh per day, it is possible to increase the same using net banking.

        Reply
    1. Sanjay

      Wow. I thought such transactions are categorised as services and don’t earn any reward points.!
      Can we do this for all funds/portals as I too invest a lot on per month basis through mf utility.

      Reply
  9. Pradeep K

    @Sid, Phonepe has added new option for credit card payment.. Now we can use debit cards to pay credit card bills and enjoy more rewards… Yet to explore, will keep you posted!!

    Reply
  10. Shubhendu

    @Siddharth : How is the ICICI Ferrari Signature card if I’m getting it as LTF?

    Reply
  11. Harsh

    Guys, can anyone confirm if the existing reward rate of 2 JP miles for every rs 150 will continue for payments made till 15th Nov 2017? I need to make some insurance payments and hence would like to avail of the higher benefit within this month. Oddly enough I received an email saying the new reward rate is effective from 31st Oct 2017.

    Reply
  12. Ajinkya

    Abhishek,

    Just curious, how do you have unlimited lounge access across the globe?

    Reply
    1. Abhishek Roy Post author

      I am sorry if I have not been specific, I meant complimentary access to MOST of the lounges in the world, not all. Through PP and Diners Black.

      Reply
  13. Bourne66

    Hi I just checked my JP account statement & it showed my account has been credited with 1500 ‘threshold bonus miles’ using the JP debit card . Someone care to explain what it is since I have never been credited with the threshold miles since the past 3 years of using this card.

    Reply

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