Updates on the Tata Neu Infinity HDFC Bank Credit Card NeuCoin incentives for UPI transactions: An explanation of the main adjustments

Users of the Tata Neu Infinity HDFC Bank credit card will start earning 0.5 percent in NeuCoins on qualifying UPI purchases on August 1. If customers utilize their Tata Neu UPI ID in a transaction, they will get an additional 1 percent in NeuCoins.

NeuCoins earned on UPI transactions with the Tata Neu Infinity HDFC Bank credit card will change as of August 1.

With the Tata Neu Infinity HDFC Bank credit card, customers may get up to 500 NeuCoins every calendar month in NeuCoins from UPI transactions and 1.5 percent back as NeuCoins (including spending on partner Tata Brands).

Users will get 0.5 percent of qualified UPI transactions back as NeuCoins starting on August 1. If a user uses their Neu UPI ID to complete a transaction, they will get an additional 1% in NeuCoins.

This implies that for transactions made using UPI IDs of applications like Google Pay, PhonePe, Cred, etc., consumers would get 0.5 percent of their purchases back in NeuCoins. If the transaction is made using the Tata Neu UPI ID, users will get an extra 1% in NeuCoins back. Through the Tata Neu app, users may generate their Tata Neu UPI IDs. There will still be a restriction of 500 NeuCoins per month on the total amount of NeuCoins earned on qualified UPI transactions.

The current NeuCoin balance will remain unaffected by the modifications made to the rewards scheme.

NeuCoins is credited.

The user's credit card account will get a credit from the bank for the 0.5 percent of all qualified UPI transactions that are earned as NeuCoins. After 30 days, users' Tata Neu accounts will be rewarded with the extra 1 percent earned for transactions made using their Tata Neu UPI ID.

Using the Tata Neu UPI ID in the NeuPass area of the Tata Neu app, cardholders may monitor the NeuCoins they have accrued via UPI transactions.

Transactions ineligible for rewards via UPI              

Nevertheless, customers who spend on gasoline, wallet loads, prepaid card loads, rental and government-related activities, smart EMI payments, as well as cash advances will not be able to earn NeuCoins for UPI transactions.

Because it is part of the RuPay network and enables users to connect with payment applications for UPI transactions, this credit card is particularly well-liked by customers. Customers get NeuCoins as incentives for using the Tata Neu app, website, or any brand retail or hotel.