IDFC CREDIT CARD - close or keep in drawer

[kunalcc]

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?

 

[Pissant]

Keep in drawer for bank offers

 

[scoryze]

Keep in the drawer for free RSA.

 

[Zacobite]

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?

Keep.. IDFC springs good offers.. Its anyways LTF

 

[plastikman]

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?

Use it to find out MCC instantly 😁

 

[tachniki]

I ordered ltf idfc wealth just for easily identifying mcc code. But I managed to earn about rs 1200 with that. Rs 750 from cashkaro and rs 500 as welcome gift. I paid rs 5000 as advance tax with it till now. 😁

 

[kunalcc]

Keep in the drawer for free RSA.

I don't have car or bike

 

[6ix9ine]

Usebit to find out MCC instantly 😁

This

I was going to suggest the same. This card should be named and used only for finding the MCC.

 

[kunalcc]

This

I was going to suggest the same. This card should be named and used only for finding the MCC.

How to find MCC through IDFC card?

 

[plastikman]

How to find MCC through IDFC card?

Download transaction statement from idfc app. The mcc is mentioned on last line.



5399 in this case

 

[tachniki]

How to find MCC through IDFC card?

'Easily check ‘MCC’ using IDFC app' https://www.technofino.in/community/threads/easily-check-‘mcc’-using-idfc-app.28238/

If you have an IDFC card, you can check mcc via app without having to call anyone.
You can also do small transaction to know the code if the CC rep is unable to provide that info.
Useful for cards that give mcc specific discounts (Like HSBC cashback gives 10% on grocery/food mcc).

Via idfc app, go to the transaction>download receipt>review description for mcc

View attachment 58955


View attachment 58956

View attachment 58957

 

[Pissant]

Download transaction statement from idfc app. The mcc is mentioned on last line.

View attachment 81064

5399 in this case

this doesn't work for DC, right?

 

[plastikman]

this doesn't work for DC, right?

Just checked. Unfortunately no. Only for CCs.

 

[aniketkr.sharma]

I closed as there services are poor now

 

[Pissant]

Just checked. Unfortunately no. Only for CCs.

Yeah after seeing your post I did too, only to be disappointed.

 

[iamvk]

Keep in drawer for bank offers

I don't see any IDFC offers except EMI

 

[aniketkr.sharma]

I don't see any IDFC offers except EMI

Yeah, and wherever offers are there now its for 4-5 banks

 

[helloworld]

last year, I closed my LTF IDFC Wealth, no use and didn't missed IDFC till now (even when having Wealth not used apprx. 1+ year). So, based on your spends is it needed??

 

[aniketkr.sharma]

last year, I closed my LTF IDFC Wealth, no use and didn't missed IDFC till now (even when having Wealth not used apprx. 1+ year). So, based on your spends is it needed??

I closed this year, no regret