Offer Fulfilled! IDFC First Rewards' best redemption options?

[Anindya98]

I have accumulated 20000 RPs in the IDFC First rewards portal by next month I will be able to redeem it. What are the best possible options for redemption?
I am only interested in e-gift card/voucher category not interested in buying any products.
I am thinking of converting it to 5000 Amazon Pay GV net profit of 4882 after 118 redemption fees.
Also, on my other 2 family accounts, I have 6000+ each account.


Any more Suggestions will be appreciated
Update: 18-09-2024
IDFC has removed the 1K Amazon Pay GV and Shopping Voucher both Options from the Redeem Section Now max 2500 (500*5) can be redeemed at once. Same for Flipkart GV no 1K option.

 

[Ayush_]

Failure issue is resolved, redeem quickly guys
I've just redeemed 60000 points

 

[vijay.vj]

Its working for now...

 

[Nihhaar]

Failure issue is resolved, redeem quickly guys
I've just redeemed 60000 points

The max redemption of gv per transaction is still 5k, right?

100rs redemption charges per 5k? (~ 2%)

 

[SpiesCan'tCatchMe]

Failure issue is resolved, redeem quickly guys
I've just redeemed 60000 points

How and where plz explain

 

[Anindya98]

The max redemption of gv per transaction is still 5k, right?

Mostly 5K but the popular ones have 2.5K Max

100rs redemption charges per 5k? (~ 2%)

116.82 which is 4.67% for ASV or APV

 

[Anindya98]

Just Now I redeemed Rs 14,000/- worth of points (Rs.11500 APV and 2.5K ASV).
The redemption issue for Amazon Pay Vouchers is resolved.

 

[pgarg24]

Just Now I redeemed Rs 11,500/- worth of points (Rs.9500 APV and 2.5K ASV).
The redemption issue is resolved for Amazon Pay Vouchers.

Wont they block for so much bulk redemption? I got around 150k points.. thinking to redeem in apay vouchers.. was waiting for 1000 or greater denomination to come earlier..

 

[Anindya98]

Wont they block for so much bulk redemption?

No, I tried yesterday all were unsuccessful for APV. But today all the transactions went through without any issues. Updated Redeemed Rs 14000, not 12500.

I got around 150k points.. thinking to redeem in apay vouchers.. was waiting for 1000 or greater denomination to come earlier..

It's better to redeem some points rather than wait for 1K or greater denomination. As I don't get charged any redemption fees, it's a win-win. Also, devaluation can happen at any time, or the value of points might be reduced at any time.

 

[Ayush_]

How and where plz explain

On IDFC rewards portal

 

[Nihhaar]

No, I tried yesterday all were unsuccessful for APV. But today all the transactions went through without any issues. Updated Redeemed Rs 14000, not 12500.

It's better to redeem some points rather than wait for 1K or greater denomination. As I don't get charged any redemption fees, it's a win-win. Also, devaluation can happen at any time, or the value of points might be reduced at any time.

Wdym by you don't get charged redemption fees?

 

[Anindya98]

Wdym by you don't get charged redemption fees?

Not Sure, might be because of my account status.

 

[lhgeek]

Same here. Was able to redeem all my points for apay balance. And till date not redemption fee has been levied

 

[Pissant]

Not Sure, might be because of my account status.

What is your account status?

 

[Anindya98]

What is your account status?

3 Select Account on same Customer ID

 

[ashwinkashwink is verified member.]

Does they stopped providing 250 RPs for first bill payment via app ?

 

[Anindya98]

Does they stopped providing 250 RPs for first bill payment via app ?

No, still getting 250 RPs

 

[ravi0101]

3 Select Account on same Customer ID

maximum reward points per month 30k?

 

[Anindya98]

maximum reward points per month 30k?

Yes, a maximum of 30K points per month

 

[ravi0101]

Yes, a maximum of 30K points per month

then what's the benefit of 3 select account on same customer I'd?

 

[Anindya98]

then what's the benefit of 3 select account on same customer I'd?

Lounge Access 2+2 per card, mostly I have 1-2 guests with me. So, I just need to swipe my 1 card with no headache to carry multiple cards.