Hello scan and pay users, We all get a message from HDFC bank mentioning Tata Neu card devaluation around 2 o’clock today. Let’s discuss the update. and how it affects our scan and pay cashback.
Tata Neu credit card:
Tata-neu introduced two different variant cards with their benefits. For all scan and pay UPI transactions using the Rupay credit card you will get 1% to 1.5% cashback capped at 500 per month
To apply Click here
Referral code: MOHA24308
HDFC bank message:
The message says only transactions done using tata-neu default UPI (@tapICICI-similar) will get 1 or 1.5 percent. so other than this default tata-neu upi id whatever transaction we do, we will get only 0.25%. Let’s discuss this with an example. You are doing the scan and pay transactions using Tatneu credit on two different UPI IDs.
Using Tata neu app(its own upi id):
The main objective of this change is to boost Tata UPI transactions. The one good thing is Tata’s new app is giving additional offers for scan and pay. You can get 30 cashback for a 300 rs transaction for July month. Let’s do a calculation
Transaction amount:5000
Cashback percentage:
1% for tata neu plus:50rs+ 30 rs july cashback(one time)
1.5% for infinity card:75rs + 30 rs july cashback(one time)
Using other apps:
Other apps like Paytm, will give some user-specific rupay offers, but it’s rare. The Cred app gives at least 1 to 5 rs for scan and pay transactions. Payz app gives 2 per scan and pay transactions. The only catch is these offers are rare and user-specific with minimum transaction amount.
Transaction amount:5000
Cashback percentage:0.25%
Cashback amount:12.50 rs
if we compare the amount we will lose 0.75 percent cashback. So the best option is using Tata Neu upi id. By using this UPI ID we save monthly 500.
These terms are updated on the HDFC official page:
https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Personal/Pay/Cards/Credit%20Card/Credit%20Card%20Landing%20Page/Credit%20Cards/TATA%20Neu%20Plus%20HDFC%20Bank%20Credit%20Card/TATA_Neu_Plus_Card_TnC.pdf.
How to get 500 cashback monthly:
If you have a shop or proving service, you can create a Paytm or phone pe merchant account. After you create a merchant account you can scan and pay on your own merchant account to get cashback. if you don’t have a merchant account, use tata-neu upi at local shops.
Note:
- Not all local shops accept rupay credit cards.
- if you are using your merchant account you need to enable the rupay credit card option on your merchant app.
- Paytm app has no charge up to 2000 if you use more than that you need to pay some fees.
- Verify all terms and conditions in the merchant app, before enabling the Rupay option
- Never forget to use the tata-neu UPI ID. If you use another you will get only 0.25 % percent cashback.
- Tata-neu or HDFC may change this at any time so visit this page frequently and get updated.
Conclusion:
- Use only tata-neu upi to maximize savings.
- If you have a specific offer that is more than tata-neu use those apps.
Other Offers from the Tata-neu app:
- Get 10% instant off + 10% savings using tata-neu card.
- Get 30 cashback on your insurance premium. The minimum transaction value should be 300.
- Scan and pay and get assured 30 cashback on a minimum transaction of 300.
- Get 5% cashback on a Myntra gift card with an additional 30 cashback.
Add your comments, on how you are achieving monthly 500 cashback. Check the latest recharge and bill-payment offers here. There’s a dedicated Telegram channel to post the latest deals and offers, join.
