IDFC First Bank Credit Cards Devalued - All IDFC First Credit Cards Are Affected

[Dad0h0j0]

So no point in trying to upgrade to wealth now, since reward rate of select & wealth are same. I will not spend 20k for lounge access.
Only diff is movie benefit of 250 vs 125.

yep, i was also thinking to upgrade from select to wealth, because of rewards points, but now all cards millennia, select, classic, wealth all have same rewards system. now i am not bothering at all for wealth.

 

[MangoRush]

mods, please merge the 4 duplicate threads

 

[abhiver]

Wishing this to be an April Fool Trick from IDFC....But who knows 🙂

 

[Dad0h0j0]

No, this per 150 applies Only for Education, Wallet load and Government services.

i think it applied to all the transection ,

 

[bigbyte]

Major devaluation. Even more than Axis. This so called premium card is shit.
20k spends in a month for lounge, 1x revised from 100 to 150, 3x from 6x is actually 2x when you take in to account revised criteria of rs 150.
This card is good for dustbin now.

Official communication received.

 

[hedgehog2122]

Nothing mentioned about railway lounges

 

[shashankrt]

Fyi.. IDFC Vistara al got hit with devaluation. Same clause of Utility payment, lounge benefits subject to previous month spends. No other impact.

 

[shashankrt]

Major devaluation. Even more than Axis. This so called premium card is shit.
20k spends in a month for lounge, 1x revised from 100 to 150, 3x from 6x is actually 2x when you take in to account revised criteria of rs 150.
This card is good for dustbin now.

Well axis cards are paid. These were all LTF cards except Vistara. So this doesnt even compare with Axis.

 

[Deepak_Shetty]

Nothing mentioned about railway lounges

Hope still railway lounge access is available 😃

 

[bigbyte]

Well axis cards are paid. These were all LTF cards except Vistara. So this doesnt even compare with Axis.

Theek hai Bhai aapki baat Maan letei hai. Still dustbin part is true.

 

[shashankrt]

Theek hai Bhai aapki baat Maan letei hai. Still dustbin part is true.

Yep. Except IDFC Vistara all other cards are useless as cant use for any normal spends or for govt / insurance utilities etc.

 

[bigbyte]

5k monthly se pet nahin bhara, within few months 5k se 20k/ month kar Diya lounge access criteria which is highest among all cards yet.

 

[abhiver]

5k monthly se pet nahin bhara, within few months 5k se 20k/ month kar Diya lounge access criteria which is highest among all cards yet.

Salary bhi aise hi badh jaaya karein,....fir kya yeh sab devalaution manageable lagega.

 

[Kumar93196]

Kindly note, some of the features and terms of your *FIRST Wealth Credit Card* will
undergo changes with effect from 1st May 2024:
Important update regarding your
lifetime free FIRST Wealth Credit Card


1. Reward Points
• Unlock 10X Reward Points faster in a statement cycle on both online & offline spends above
Rs. 20,000
• Reward points on online spends up to Rs. 20,000 in a statement cycle will be revised to 3X
• Reward points on Education, Wallet load and Government services^ transactions will be
revised to 3X. These transactions will no longer be part of 10X threshold calculation
• 3X = 3 Reward Points per Rs. 150 spent
2. Buy one Get one movie offer
• Will be revised up to Rs. 250 off twice per month
3. Complimentary visits to Airport Spas and Lounge
• Total number of visits will continue to be 4 per quarter
• Domestic airport lounges & spas visits will be capped to 2 per quarter
• International airport lounges visits will be capped to 2 per quarter
• Spend minimum Rs. 20,000 in a calendar month to activate lounge & spa benefits for
next calendar month
4. Rent and Property Management Fee^
• 1% of transaction value will remain the same
• It will be subject to a minimum of Rs. 249 per transaction
5. Fair usage on Utility Spends^
• 1X Reward Points on Utility spends will remain the same
• 1% of transaction value will be levied as Utility fee on commercial usage
• Commercial usage is defined as aggregate Utility spends > Rs.20,000 in a billing cycle
o Illustration 1: Utility spends of Rs. 10,000 in a statement cycle will not attract a fee as it is
below the threshold
o Illustration 2: Utility spends of Rs. 30,000 in a statement cycle will attract a fee of Rs. 300
(1% fee) + taxes

Apply for Credit Card Online and Get Instant Approval | IDFC FIRST Bank

Credit Card - At IDFC FIRST Bank get Credit Cards with Instant Approval and Never Expiring Rewards Points. Get low dynamic interest rates starting from 9% p.a.

www.idfcfirstbank.com

 

[Zacobite]

No, this per 150 applies Only for Education, Wallet load and Government services.

its not v clear actually.. if it is 150 then it is completely crap

 

[Random123]

Got SMS for WoW too

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/WOWCVP-1.pdf

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/WOWCVP.pdf

 

[HumorSimpson]

its not v clear actually.. if it is 150 then it is completely crap

If its 150, then basically it is a old select card but with evenmore cr*py rewards.

 

[aparnahm]

You were saying something. Have you checked latest mitc? 🤣

Education/govt/wallet at 3x now not 10x.

Does this mean Apay is the best card for property tax payments? Any experts here, please answer.

 

[Zacobite]

its not v clear actually.. if it is 150 then it is completely crap

it is 150..on website.. horrible.. so max reward rate. at 10x is 1.5 % or thereabouts.. They have lost it for Wealth

 

[HumorSimpson]

Does this mean Apay is the best card for property tax payments? Any experts here, please answer.

As of now, it is.