Devaluation Kiwi Card Devaluation from June 1 - Rewards Only on ₹100 Multiples

[CardMaven]

Just saw a quiet update from Kiwi - starting June 1, 2025, they’ll only issue Kiwis (reward points) on transaction amounts in multiples of ₹100.

What this means:

• Spend ₹199 → rewards on ₹100
• Spend ₹299 → rewards on ₹200
• Spend ₹1,025 → rewards on ₹1,000

So you’re essentially losing points on any leftover amount below the next ₹100. Not a huge deal on big transactions, but it adds up fast if you make lots of smaller purchases.

Another key limitation worth noting:
You need a minimum of 500 Kiwis to redeem, and redemptions can only be done in multiples of 500 Kiwis.

 

[Jay]

Just saw a quiet update from Kiwi - starting June 1, 2025, they’ll only issue Kiwis (reward points) on transaction amounts in multiples of ₹100.

What this means:

• Spend ₹199 → rewards on ₹100
• Spend ₹299 → rewards on ₹200
• Spend ₹1,025 → rewards on ₹1,000

So you’re essentially losing points on any leftover amount below the next ₹100. Not a huge deal on big transactions, but it adds up fast if you make lots of smaller purchases.

Another key limitation worth noting:
You need a minimum of 500 Kiwis to redeem, and redemptions can only be done in multiples of 500 Kiwis.

Fintech partnerships are always fast to devalue products vis a vis core products from Banks/Co-brand partnerships

 

[n69b!]

Is it only for Yesbank or fir Axis also?