IDFC First Bank Launched its Debit Card Reward System

[theflash]

I've maxed out 5L in September and might max out in October as well and had some 2-3L in August as well so is there a chance that my Rewards portal can be blocked then I'll avoid or transfer the spends to other card...

I'm talking about IDFC Wealth DC

 

[HumorSimpson]

It's unblocked now and visible in app.

Miracle. Seems idfc has improved of late

 

[Aniket]

It's unblocked now and visible in app.

H U R R A Y 🥳

 

[theflash]

Miracle. Seems idfc has improved of late

Ya I've had good experience with them recently regarding everything Account upgrade. Then recently issued card upgrade. Had some issues in past but it seems they've rectified it as per recent experience.

 

[Aniket]

I've maxed out 5L in September and might max out in October as well and had some 2-3L in August as well so is there a chance that my Rewards portal can be blocked then I'll avoid or transfer the spends to other card...

I'm talking about IDFC Wealth DC

Redeem it then.

 

[theflash]

Redeem it then.

I've redeemed the points but I'm asking for further spends...

Should I use the same card to spend or switch to other card?

 

[Aniket]

I've redeemed the points but I'm asking for further spends...

Should I use the same card to spend or switch to other card?

You can use the same if you wish.
If somehow they blocks it, you can argue/threat, that your txns are genuine and all, you will be lodging complaint for the nuisance.

P.S: We can't predict IDFC. 😬

Others points also got purged in past but later on after rebel, it got released, I believe they are using it even now.

 

[theflash]

You can use the same if you wish.
If somehow they blocks it, you can argue/threat, that your txns are genuine and all, you will be lodging complaint for the nuisance.

Well everyone knows what txn it is 🙃 but will that be acceptable if in any case there's any issue? I've not faced any issue so far might not face ahead as well but can't predict future anything can happen...

 

[HumorSimpson]

@#aniket do we have any hope of 1K or higher denomination AGV in IDFC reward redemption?

The current 500 AGV cut downs the value of points by (5*500 - 117)/(5*500) = 0.95

 

[theflash]

@#aniket do we have any hope of 1K or higher denomination AGV in IDFC reward redemption?

The current 500 AGV cut downs the value of points by (5*500 - 117)/(5*500) = 0.95

Usually when it's out of stock they show it but they've removed the option totally seems it's gone for good. But can't predict anything can return as well.

 

[lhgeek]

@#aniket do we have any hope of 1K or higher denomination AGV in IDFC reward redemption?

The current 500 AGV cut downs the value of points by (5*500 - 117)/(5*500) = 0.95

Have you ever been charged the redemption fees?

 

[HumorSimpson]

Have you ever been charged the redemption fees?

I haven't redeemed yet as my account is just 1 month old. Will wait couple of months and see if I get higher denomination agvs.

 

[Aniket]

@#aniket do we have any hope of 1K or higher denomination AGV in IDFC reward redemption?

The current 500 AGV cut downs the value of points by (5*500 - 117)/(5*500) = 0.95

I can't comment on this. IDFC works weirdly, not predictable as such. Anything can happen. 😬

 

[theflash]

Have you ever been charged the redemption fees?

No actually I'm wondering the same why is that is it a benefit of HNI or maybe they'll charge after a threshold of maybe ₹10-15k is reached in charges 🤣

 

[lhgeek]

No actually I'm wondering the same why is that is it a benefit of HNI or maybe they'll charge after a threshold of maybe ₹10-15k is reached in charges 🤣

Yeah. Wondering what they will do. I guess it's a bug in their system and when they eventually fix. I suppose they will charge all pending redemptions

 

[kpravinramesh]

How can i upgrade to wealth account ??
Can upgrading to wealth account now will be benefecial .
I have 5 idfc normal accounts with classic debit card .
Thinking of upgrading to select/wealth ??
Please help

 

[theflash]

How can i upgrade to wealth account ??
Can upgrading to wealth account now will be benefecial .
I have 5 idfc normal accounts with classic debit card .
Thinking of upgrading to select/wealth ??
Please help

Select 3L
Wealth 10L
Private 100L

These are deposit required for upgrade. Some branch/RM ask for maintaining some do it on deposit/accumulation of the said amount.

If you upgrade 1 account you can group others and enjoy the same benefits on all accounts.

 

[HumorSimpson]

Select 3L
Wealth 10L
Private 50L

These are deposit required for upgrade. Some branch/RM ask for maintaining some do it on deposit/accumulation of the said amount.

If you upgrade 1 account you can group others and enjoy the same benefits on all accounts.

At present I have Select, if i maintain 10L AMB for a month will it trigger to wealth or have to meet RM again ?

 

[theflash]

At present I have Select, if i maintain 10L AMB for a month will it trigger to wealth or have to meet RM again ?

It won't auto trigger afaik. You don't need to meet him just a call is sufficient. Discuss everything before hand once done add money on call and tell him to raise SR.

I called RM told him I have currently available 7.5L can you proceed with that, he said let me confirm, then denied citing senior said 10L required. I added 10L called again he checked but the AMB wasn't updated as per him when the money was deposited it was a non working day and after that day it was Sat-Sun. Called him on Monday and by Friday the account was upgraded...

 

[Indrajeet100]

At present I have Select, if i maintain 10L AMB for a month will it trigger to wealth or have to meet RM again ?

Auto upgrade trigger will be after 3months. But RM can do it as soon as it shows AMB 10lacs. Just call your RM. You may have follow few times.