10x reward rate on IDFC Wealth CC applicability

[WhoU]

How is 10x applied after 30k?

Is is based on transaction or is it based on value.

For example, if I make my first transaction of 50k for the month, will that be split into two where I get 6x (online txn) for 30k and 10x for 20k? Or I will get 6x for 50k and any txn henceforth will get 10x?

 

[MS R]

10x reward is based on >30k spend in a month or in a statement cycle ?

statement cycle ..

 

[mj01]

10x reward is based on >30k spend in a month or in a statement cycle ?

The reward structure has now been heavily devalued starting 1st May.

 

[Zacobite]

10x reward is based on >30k spend in a month or in a statement cycle ?

stmt cycle limit

 

[kowsikbabu]

10x reward is based on >30k spend in a month or in a statement cycle ?

They have killed their cards now. IDFC wealth is now less rewarding than some entry level LTF cards.

 

[sjmajumder]

Statement generated, received 10x rewards for spends over 30k .. all good

I have to pay a huge hospital bill tomorrow. I understand from your comment that I will get 3X RP for first 20K and 10X RP for the remaining amount (2L+). Please confirm if this is correct assumption. It will be a single transaction and this will be my first transaction on my wealth card.

 

[SSV]

I have to pay a huge hospital bill tomorrow. I understand from your comment that I will get 3X RP for first 20K and 10X RP for the remaining amount (2L+). Please confirm if this is correct assumption. It will be a single transaction and this will be my first transaction on my wealth card.

Yes.. for the first 20K 3X ,afer that 10X for the cumulative spend in excess of 20K in the same statement period..
One signle transaction is also fine..

Example:
You spent a total of 2L in a statement period ( no of transactions could be 1 or more)..
You get
3X rewards for 20K
10X rewads for 1.8L ...

NOTE:
Rent, property spends, education, wallet, government services, insurance, utilities , fuel and EMI spends are not eligible to included in this spend target for 10X rewards.