IDFC First Bank Launched its Debit Card Reward System [Discontinued]

[Prem03]

if I maintain ₹10L in my account for consecutive 3 months, I will get upgraded to wealth ?

Yes, you can upgrade by maintaining the balance. You can contact the branch to discuss about wealth requirement but they will need Average balance above 10 Lakhs.
A quick solution is to open a Wealth account for a family member with 10 Lakh IP and get yourself linked to that account. You can add more family members to enjoy wealth privileges in all the accounts.

 

[ashwinikumar900]

if I maintain ₹10L in my account for consecutive 3 months, I will get upgraded to wealth ?

Just directly contact the BM; it’s up to him. You will be upgraded into Wealth. In my case I just maintained 12L for one month.

 

[Optimiser007]

If you had the Wealth card, you would have gotten almost 50K points.

How?, after 50k, both select and wealth offer 2.5% only na

 

[Optimiser007]

Just directly contact the BM; it’s up to him. You will be upgraded into Wealth. In my case I just maintained 12L for one month.

But after conversion, won't they penalize if you don't maintain AMB?

 

[ashwinikumar900]

How?, after 50k, both select and wealth offer 2.5% only na

Yes, but the upper limit/capping of the wealth debit card reward is 50K points.

 

[ashwinikumar900]

But after conversion, won't they penalize if you don't maintain AMB?

It’s possible they could downgrade, but this is still a matter of discussion.

 

[Optimiser007]

B

It’s possible they could downgrade, but this is still a matter of discussion.

But they don't penalize automatically is it?

 

[Optimiser007]

Yes, but the upper limit/capping of the wealth debit card reward is 50K points.

Ah ok, you were talking about 5L spend..but my understanding on 2.5% is correct right? I know that below 50k, the reward rate is slightly different..

 

[ashwinikumar900]

B

But they don't penalize automatically is it?

Nah, they first email you to maintain the required balance, only then, maybe.

 

[Anindya98]

How?, after 50k, both select and wealth offer 2.5% only na

 

[Optimiser007]

View attachment 100883

So essentially after 50k, every card give same reward rate, just the caps are higher for wealth and private

 

[Light433]

I recently opened an IDFC account. Will I receive my welcome rewards if I pay my credit card bill using SaveSage?

 

[Slayer]

I recently opened an IDFC account. Will I receive my welcome rewards if I pay my credit card bill using SaveSage?

Tumhe 1.5% dena hai?

 

[gunadeepak10]

To upgrade ro select, BM asked me to maintain 2- 3 lakhs for 3 months. Is there Any other way? Like changing salary account to IDFC something like that?

 

[Shashank_deepak]

Whenever I click on giftcards/offers in idfc app’s rewards section this happens
I’m unable to redeem my reward points
Any solution??

 

[Light433]

Tumhe 1.5% dena hai?

I just want to claim the welcome rewards by paying 1K. Below 2K, the charge is 0.5 right?

 

[dhruv_m13]

can I get reward points if I spend via IDFC First Tap?

 

[Sudbht]

suppose if i close my IDFC savings and reopen it my customer ID and reward details still be linked to same ID or I will be enrolled to new ID with zero reward points.? I also wanted to know if I can open multiple IDFC savings account and have different rewards or all will be linked to single ID?

 

[imuntitled]

suppose if i close my IDFC savings and reopen it my customer ID and reward details still be linked to same ID or I will be enrolled to new ID with zero reward points.? I also wanted to know if I can open multiple IDFC savings account and have different rewards or all will be linked to single ID?

you’ll get same customer Id in both the cases.
RPs are capped at the customer Id level

 

[Anindya98]

So essentially after 50k, every card give same reward rate, just the caps are higher for wealth and private

Y e s