Just like as we’ve seen the AMEX double rewards last week, now we’ve a similar 2X rewards offer from both Yesbank and IndusInd that’s worth exploring. Here are all the details,
Indusind Offer Details
- Offer: Get 2X rewards on online spends
- Offer Period: 26-April-2020 & 03-May-2020
- Spend Type: Online
- Min. spend: 10K INR
- Max. bonus points: 200 (Seriously ?!)
- Source: Email/SMS
While 2X points on some cards like Iconia AMEX is very good as it fetches 4% return on spend in the weekend, the Max. Bonus, min. Spend and the offer period are not in line at this point in time.
They should have given a longer offer period with better max. Bonus cap to attract customers.
Yesbank Offer Details
- Offer: Get 2X points on all grocery spends
- Offer Period: 28th April to 31st May, 2020
- Spend Type: Online & offline (Grocery spends only for both)
- Min. spend: Nil
- Max. bonus points: 5000
- Source
A decent offer not only on yesbank credit cards but also on their debit cards. If you’re using yes first preferred, this would fetch you 1% rewards and on exclusive it’s 3%
That said, now the question is, will you rely on yesbank products and offers going forward while their operational stability will be tested in coming months?
Bottomline
While it’s good to see the offers flowing from these small issuers, I’m hoping for the big guy to give us some surprises. 🙂
So what offers are you really using during this lockdown period? Feel free to share your thoughts in the comments below.
You mean spend 10k for 200INR cash value for indusind? Is this a joke ?
So, 4% value back that too in statement credit is joke to you ?
Hi Siddharth
Are you continuing with your relationship with Yes Bank after the bailout? I am in two minds about wrapping up my accounts with them.
Reduced the exposure. But no plans to close the card for now.
Okay. But I am having Yes First Family accounts and need to keep 8 lacs cumulative balance in all accounts. So unable to decide what to do.
BhavyeG
Why do you need to keep 8L in yesbank ? For YesFirst ? I also have Yes first family accounts but not keeping any balance for over a year now. They aren’t downgrading the accounts.
@BhavyeG
I have utalized the high interest Fd rate from yes bank. There is a lockin period for SBI and LIC to not sell their 75% share for 3 years so you can at least for 1 year invest without any fear and for more safety might be maximum put 5 lakhs. And when it comes to stock I lost trust on Indian Financial system 🙂
Yes but that 5 lakh process is very tedious if Yes bank sinks again. I have opened an account with IDFC first now. The rates are attractive but again it gives a feeling if it will also meet the same fate. I am thinking of asking my family to shift money into Kotak.
@BhavyeG
Many international bodies have a watch on Yes bank. So no way anytime it would sink again. thats the reason government has backed it. Do not invest in any smaller state sponsored financial institutes (eg :PMC) . Most of them are 50 Plus years old but dont get carried away by their interest rates. I have read that even Kotak had some issues but they some how got it covered up. Unfortunately now most of them are manipulating up books so its difficult. Best is spread your money across.
For groceries.. 10x on bigbasket/specncer/bigbazar via hdfc smartbuy vouchers seems best.
@Nikhil
I have HDFC Regalia First and I want to know if I buy grocery vouchers on smart buy and redeems points earned on the transaction then how much value back does it give? As far as I know standard reward rate of Regalia First is 0.8%. So do I get 8% as points?
Yes bhavya you are right that translate to 8% !
Sid,
The big guy is HDFC ?
Who else..!
Yes first pref 1% reward rate after 2x points? Shouldn’t it be 2% sidharth?
Another 2X RP offer from Indusind on CC from 20 July 2020 to 20 Aug 2020 max 2000 RP & minimum spends Rs. 20000/-. No restrictions on category of spends (about wallets not specifically mentioned). Offer fulfillment by 30 Sep 2020. Add-on cards eligible. Targeted ! Open to selected CC holders who received communication.
–received on my pinnacle card today–
anyone received the 2x points?
Yes Bank seems to be finding its feet somewhat. After LE offers in past 1-2 months to various customers, they have now come with a targeted 2X offer: 1900 bonus RP on spending 38K from 11-30Apr. Bonus to be credited in 45 days.