Earlier these digital bank cards were good to have. As they were completely free. But now they have started charging ₹300 annual fee. Not worth it. I closed my Jupiter account recently, after they introduced annual fee.
Jupiter and Fi both are different but not sure whether they introduced annual fee in Fi cards too.
Different brands. But both offer exactly the same set of features. And both are backed by Federal Bank. And yes, Fi cards also have an annual fee, unless you have a Salary/Infinite account.
Call Neo Bank monisha Digital Bank is so middle class
Right now Fi is not charging any annual fee for customer already onboard. Whereas their website says many things about charges. I found it to be better stay away from such tactics.
Tired of their gimmicks, I just redeemed all my balance cheq chips for cash by paying to a credit card and then uninstalled it for good. Anyway the rewards are no longer attractive.Coming soon... 100% processing fee waiver on Visa Debit card.
What's the benefit though? It says 1.6% transaction fee right?
Yeah, it's the lowest they say!
Freecharge offers lowest fee 1.5%.
