HDFC Bank Diners Club 10x Partner Update
HDFC Bank had given us all a devaluation scare in the first week of June and had then suddenly amended some of the changes making life a bit more easier for us. It seems they are constantly tinkering with their model. While most of us expect changes to be announced near the deadline (like 30 June 2019) for each promotion cycle, they seem to have silently amended their 10x partner list this time.
The first week of June was a devaluation in reward earning rate of 40% (From INR 25,000 on smartbuy to 15,000). Of the two major promotions viz. 10x & Smartbuy, most of us would be earning a major chunk of our reward points from Smartbuy as travel expenses and amazon/flipkart expenses tend to be higher than expenses on 10x reward partners.
The Interesting (and actually a positive) change is the addition of Makemytrip as a 10x reward partner. If all your expenses were on travel, then its effectively taken your cash back limit from 15,000 to 40,000 which is actually great. You can now split large travel expenses among 10x and smartbuy to earn a higher cash back.
To be honest, the rate at which HDFC Bank seems to be making changes to their program is scary. While this change is positive, expecting future amendments to not be negative is like ignoring the inevitable. What do you think ?
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