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IDFC First Bank launched its debit card reward system

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IDFC First Bank launched its debit card reward system recently. Now you'll earn reward points for spending money using your IDFC First Bank debit card.
Reward portal link - https://www.firstrewards.com/

Screenshot_20230204_124537_Samsung Internet.jpg

Reward system for IDFC First Bank normal debit card-
2000 welcome reward points on IDFC First normal debit card transaction above Rs. 1000

Online transaction- earn 2 reward points for every Rs. 150 spend
Offline transaction- earn 1 reward point for every Rs. 150 spend
10X reward points (10 reward points per Rs. 150) for every Rs. 150 spent via debit card on incremental spends above Rs. 50,000 in a month.

IDFC First Bank Select debit card reward system-
4000 welcome reward points on first debit card transaction above Rs. 1000
Online transaction- earn 3 reward points for every Rs. 150 spend
Offline transaction- earn 2 reward point for every Rs. 150 spend
10X reward points (10 reward points per Rs. 100) for every Rs. 100 spent via debit card on incremental spends above Rs. 50,000 in a month.

IDFC First Bank Wealth debit card reward system-
8000 welcome reward points on first debit card transaction above Rs. 1000
Online transaction- earn 4 reward points for every Rs. 150 spend
Offline transaction- earn 3 reward point for every Rs. 150 spend
10X reward points (10 reward points per Rs. 100) for every Rs. 100 spent via debit card on incremental spends above Rs. 50,000 in a month.

IDFC First Bank Private debit card reward system-
20,000 welcome reward points on first debit card transaction above Rs. 1000
Online transaction- earn 6 reward points for every Rs. 150 spend
Offline transaction- earn 4 reward point for every Rs. 150 spend
10X reward points (10 reward points per Rs. 100) for every Rs. 100 spent via debit card on incremental spends above Rs. 50,000 in a month.

Exclusions: Payment to Mutual Funds, Insurance, Financial Institutions, Security Brokers, Dealers, Wallet Uploads, Quasi Cash, ATM Withdrawals, Credit Card Payments and Account Transfers transactions are not a part of FIRST Rewards program, Please refer to the TnC page for specific Merchant Codes that are excluded.

1 reward point = Rs. 0.25

Note: You'll earn core reward points depending on your debit card variant, along with the 10X points.

A monthly reward point accrual capping will be applicable based on user’s program membership. (w.e.f. 1st December 2023)

Type of ProgramMonthly Point Capping
General8,000
Select30,000
Wealth50,000
Private5,00,000

How to redeem- You can redeem your reward points against gift vouchers, flight booking, recharge, etc.
Just click on "Redeem" and you'll see all the available options.
Link- https://www.firstrewards.com/user/burn

These are the excluded mcc's. You won't receive any reward points for spending on these categories.

Merchant CodesMerchant Categories
6300INSURANCE SALES AND UNDERWRITING
6012FINANCIAL INSTITUTIONS - MERCHANDISE & SERVICES
6211SECURITY BROKERS/DEALERS
6051QUASI CASH
6540WALLET UPLOAD

Reward Rate:-

IDFC First Bank Normal Debit Card-
Online- 0.33%
Offline- 0.17%
10X category- 1.67%
Incremental spends above Rs. 50,000: Online- 1.67%; Offline- 1.67%

IDFC First Bank Select Debit Card-
Online- 0.50%
Offline- 0.33%
10X category- 2.5%
Incremental spends above Rs. 50,000: Online- 2.5%; Offline- 2.5%

IDFC First Bank Wealth Debit Card-
Online- 0.67%
Offline- 0.50%
10X category- 2.5%
Incremental spends above Rs. 50,000: Online- 2.5%; Offline- 2.5%

IDFC First Bank Private Debit Card-
Online- 1%
Offline- 0.67%
10X category- 2.5%
Incremental spends above Rs. 50,000: Online- 2.5%; Offline- 2.5%

Update on 14th July: IDFC First Bank relaunched its debit card reward system on 14th July, 2023.
We've made the necessary changes in the article.

Update on 22 Dec, 2023: IDFC First Bank updated its debit card reward system on 1st Dec, 2023.
We've made the necessary changes in the article.
 
Last edited by Piyush_Jaiswal:
So if I transfer 3L+, I can get an ask for an upgrade and then have to maintain 25k mab?
Depends on your branch but most of the branches ask to keep balance atleast for a month.
Is there's any non maintenance MAB charges in HNI programs? If so then they are 0 balance accounts?
For the upgrade how many months we have to maintain MAB to received upgrade offer?
Yes they are zero mab accounts but still its recommended to keep MAB of your savings account.

You have ask your branch manually for upgrade.
 
Depends on your branch but most of the branches ask to keep balance atleast for a month.

Yes they are zero mab accounts but still its recommended to keep MAB of your savings account.

You have ask your branch manually for upgrade.
They are not zero mab necessarily.
Mab depends on the account type selected during account opening which is usually 25k.
 
You have to enroll for HNI banking program.

There are 3 programs in idfc and you need to maintain required balance and then ask your branch to upgrade you.
Select- 3 lac MAB
wealth- 10 lac MAB
Private- 25lac MAB

Good thing is once you enroll in your respective HNI program then you can simply maintain MAB according to your savings account variant.
Private is only 25L MAB? Are you sure about this?
 
Kabhi kabhi kaam a jata hai. Select and wealth debit card has good rewards rate useful for occasional usage. Also don't want to keep balance in account as they may mark freeze anytime they already freezed one of my family members account
Unfreeze nahi huwa abhi tak?

Ya karwane ka kosish nahi kiye?
 
Rewards to unblock kr diye aur redeem krliye sare points. Ab account unfreeze ho ya nahi farak nahi padta.
@TechnoFino bro ne main issue uthaya hi nahi, wish uthate and iska bhi solution nikaalta, senior managemnt, na uthane ke karan ho sakta hai unko ye problem face hi nahi huwa, but baaki TFians ke saath toh huwa hai na, so I request to report this as well

 
@TechnoFino bro ne main issue uthaya hi nahi, wish uthate and iska bhi solution nikaalta, senior managemnt, na uthane ke karan ho sakta hai unko ye problem face hi nahi huwa, but baaki TFians ke saath toh huwa hai na, so I request to report this as well

Kafi genuine issues hai ye to. Must be addressed. Per txn limit should be 1L . Freeze algorithm just freezes account and for unfreezing branch is saying they cannot come to your area for verification as branch is far away so only option is to close the account
 
Did they deduct money for non maintenance or you always maintained money?
Very slow to charge non maintenance

Instead the free service turns paid like
If u maintain you get everything free

If u don't then service like unlimited atm withdrawal is paid .so 3/5 withdrawal applies
 
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