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IDFC First Bank Launched its Debit Card Reward System

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hmm i would ask my private RM, not sure if she would have a answer though.
Not a big difference between 500 and 1000 agvs as the conversion factors are (5*500-117)/(5*500) = 0.95, (5*1000-117)/(5*1000) = 0.97 respectively. But redeeming and adding them to amazon is a pain. Hope they bring 2K atleast.
Tired Cat GIF by Mochimons
 
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.
Do they just purge the points or even go further and debit the account balance?
 
SBI ka tarah toh nahi kiya hai abhi tak 🤡
who knows they might start doing it since they are already shelling a lot of money through their debit card rewards. Better I redeem all my points has like 40K points. Its pain to redeem as only 500rs AGV in stock.
 
Not a big difference between 500 and 1000 agvs as the conversion factors are (5*500-117)/(5*500) = 0.95, (5*1000-117)/(5*1000) = 0.97 respectively. But redeeming and adding them to amazon is a pain. Hope they bring 2K atleast.
Tired Cat GIF by Mochimons
Bhai now we will have redeem twice to use same points so it will be double of what you calculated.
 
who knows they might start doing it since they are already shelling a lot of money through their debit card rewards. Better I redeem all my points has like 40K points. Its pain to redeem as only 500rs AGV in stock.
Bhai redeem karke account close karwa lijye then 😐

Utna hi dar lag raha hai toh 😂
 
The above calculation is correct.
For 1K AGVs its (5*1000-117)/(5*1000) = 0.97
For 500 AGVs its (5*2*500-2*117) /(5*2*500) = 0.95
If you calculate percentage wise it might not seems more but when you do simple calc you will be paying double redemption charges for same amount of GV we were redeeming.
 
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