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IDFC CREDIT CARD - close or keep in drawer

kunalcc

TF Select
I have got IDFC SELECT credit card on 10 January and within one week its devalued. I thought of using the railway lounge access but IDFC don't care. I have no idea what I will do with 1.6 Lakh credit limit. I found more frustrating thing about IDFC Select Card even though Lifetime free.

  1. Reward rate is 0.5 %
  2. Reward redemption fee is Rs. 117.
  3. Movie benefit just Rs. 125. Ticket prices start at Rs 250 for good movies.
  4. Spend condition for Airport lounge Rs. 20000 monthly.
  5. Spend condition for Railway lounge Rs. 20000 monthly.
  6. Utility transaction above Rs. 20000 monthly will attract 1% charge.
Point 4,5,6 is not coincidence but to irritate customers.

Is IDFC actually forcing us to close our cards, or do they want IDFC cards to just collect dust in our drawers?
 

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keep it if it is the first card you have got or you can close it

u can close even if it is first when second card close by or within year of first card. no changes in credit score.

for more: check score simulator in cibil website or forum. no need to stick for it, if not useful.

- https://www.technofino.in/community/threads/hdfc-reporting-to-cibil-every-week.35548/post-893254
- https://www.technofino.in/community...erm-credit-card-devaluation.33755/post-839830

 
Welcome gift will be 500 voucher I suppose but yu may need to spend 5k within 1 month. This will b mentioned when u had applied the card
It is mentioned 1 month from card generation date, does it mean from approval to the next 30 days?
Or after card delivery?
Because for me it crossed the 30 days approval date, but delivery was done 4 days later.
Thinking to pay with it or use other card.
Anyone?
 
It is mentioned 1 month from card generation date, does it mean from approval to the next 30 days?
Or after card delivery?
Because for me it crossed the 30 days approval date, but delivery was done 4 days later.
Thinking to pay with it or use other card.
Anyone?
Waste of time & money with it, better use apay, sbi cashback, if you don't have higher variant cards
 
Waste of time & money with it, better use apay, sbi cashback, if you don't have higher variant cards
I have better cards, but the thing is, i have to pay my insurance quarterly instalment, and star health doesn’t allow me to pay in any other platform for instalment. So the MCC is insurance. Diners also not accepted in their platform, only Visa , MC and rupay.
So thought to use this welcome offer. But time is gone.
 
Any welcome gift of 500 with select? And how to find mcc ?
Welcome gift will be 500 voucher I suppose but yu may need to spend 5k within 1 month. This will b mentioned when u had applied the card
It is mentioned 1 month from card generation date, does it mean from approval to the next 30 days?
Or after card delivery?
Because for me it crossed the 30 days approval date, but delivery was done 4 days later.
Thinking to pay with it or use other card.
Anyone?
I have better cards, but the thing is, i have to pay my insurance quarterly instalment, and star health doesn’t allow me to pay in any other platform for instalment. So the MCC is insurance. Diners also not accepted in their platform, only Visa , MC and rupay.
So thought to use this welcome offer. But time is gone.

I got it. 500 Apay vouchers after paying charges (loss) of about 120. Net profit of ~380. Offer fulfilled after settlement.
 
I have better cards, but the thing is, i have to pay my insurance quarterly instalment, and star health doesn’t allow me to pay in any other platform for instalment. So the MCC is insurance. Diners also not accepted in their platform, only Visa , MC and rupay.
So thought to use this welcome offer. But time is gone.
Check if apay is accepted then buy vouchers & pay through it
 
I have better cards, but the thing is, i have to pay my insurance quarterly instalment, and star health doesn’t allow me to pay in any other platform for instalment. So the MCC is insurance. Diners also not accepted in their platform, only Visa , MC and rupay.
So thought to use this welcome offer. But time is gone.
advance tax will be considered?
 
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