IDFC First Bank Launched its Debit Card Reward System

[Anindya98]

BTW how private ?

By keeping 50L in SA and after upgrade will do 10L FD with them and remove the rest.

 

[insomniac911]

How long does Unipay actually take to credit the amount into the account? I have done the transaction on 08.12.2024, got the points in rewards portal as well but the amount isnt updated in my cc.

 

[sahil1033]

I'm thinking of paying partly with Wealth debit card for purchasing new car.

I had paid booking amount with Axis Bank Ace CC and found that MCC is 5511. Considering dealer is levying 1.3% extra, I'm hoping IDFC First Bank Wealth debit card would give reward points against this MCC.

Any thoughts? Please reply ASAP as I'll be doing this tomorrow morning only.

 

[BhaiyaJi]

I'm thinking of paying partly with Wealth debit card for purchasing new car.

I had paid booking amount with Axis Bank Ace CC and found that MCC is 5511. Considering dealer is levying 1.3% extra, I'm hoping IDFC First Bank Wealth debit card would give reward points against this MCC.

Any thoughts? Please reply ASAP as I'll be doing this tomorrow morning only.

There is monthly limit on reward points you can earn.

 

[Sobirvs]

I'm thinking of paying partly with Wealth debit card for purchasing new car.

I had paid booking amount with Axis Bank Ace CC and found that MCC is 5511. Considering dealer is levying 1.3% extra, I'm hoping IDFC First Bank Wealth debit card would give reward points against this MCC.

Any thoughts? Please reply ASAP as I'll be doing this tomorrow morning only.

how mch is the amount? and which cards u have? wealth will give u max 12,500 benefit for the amount of 5.5L swipe. But dealer will anyways charge u 7150 as fee. so benefit left would be 6400.

 

[Ram1]

I'm thinking of paying partly with Wealth debit card for purchasing new car.

I had paid booking amount with Axis Bank Ace CC and found that MCC is 5511. Considering dealer is levying 1.3% extra, I'm hoping IDFC First Bank Wealth debit card would give reward points against this MCC.

Any thoughts? Please reply ASAP as I'll be doing this tomorrow morning only.

Charges for very less for debit cards, hardly 0.5% usually charged by machine. Try to negotiate more

 

[Venom_06]

Everyone, request you to mail at pno@idfcfirstbank.com team for reinstock of amazon/fk gc. Earlier I did and they restocked for few days. If there would be mass complaint they will do it early and keep it for longer time. Idfc rewards is useless without amazon pay gvs

 

[aditya128]

Everyone, request you to mail at pno@idfcfirstbank.com team for reinstock of amazon/fk gc. Earlier I did and they restocked for few days. If there would be mass complaint they will do it early and keep it for longer time. Idfc rewards is useless without amazon pay gvs

Main kar dunga bhai...maine waise hi saare account close kar diye hai 😂🤣

 

[Sudbht]

I'm thinking of paying partly with Wealth debit card for purchasing new car.

I had paid booking amount with Axis Bank Ace CC and found that MCC is 5511. Considering dealer is levying 1.3% extra, I'm hoping IDFC First Bank Wealth debit card would give reward points against this MCC.

Any thoughts? Please reply ASAP as I'll be doing this tomorrow morning only.

It is more beneficial to pay via any rewarding CC then pay CC bill with IDFC Debit card.

 

[sahil1033]

It is more beneficial to pay via any rewarding CC then pay CC bill with IDFC Debit card.

I don't have any rewarding CC with me as such otherwise would've gone for it.

 

[sahil1033]

Charges for very less for debit cards, hardly 0.5% usually charged by machine. Try to negotiate more

I did, they didn't listen. My target was to get them down to 0.5% or 1% in the worst case scenario but they came down to 1.5% from 2.25% and I ultimately convinced them for 1.3%

 

[sahil1033]

how mch is the amount? and which cards u have? wealth will give u max 12,500 benefit for the amount of 5.5L swipe. But dealer will anyways charge u 7150 as fee. so benefit left would be 6400.

I don't have any CC which would've given 2.5% or more else would've used it.

 

[sahil1033]

There is monthly limit on reward points you can earn.

Yes, it's 50k points for Wealth DC which comes out to be Rs. 12,500 in terms of INR.

 

[Sobirvs]

I did, they didn't listen. My target was to get them down to 0.5% or 1% in the worst case scenario but they came down to 1.5% from 2.25% and I ultimately convinced them for 1.3%

Tell them you are going to other dealers for free card swipe. Don't just bluff, actually go there. And they are doing this illegal work anyways as RBI rules say mercahnt has to pay the MDR discount not the customer.

 

[Arnal07]

How long does Unipay actually take to credit the amount into the account? I have done the transaction on 08.12.2024, got the points in rewards portal as well but the amount isnt updated in my cc.

are you talking about failed cc bill payment on unipay?

 

[Sobirvs]

just used unipay for yesbank payment. Instantly worked for the bill.

 

[Arnal07]

Idfc removed amazon and flipkart redemption option

yes, amazon and fk gv not in stock now.

 

[Arnal07]

Tell them you are going to other dealers for free card swipe. Don't just bluff, actually go there. And they are doing this illegal work anyways as RBI rules say mercahnt has to pay the MDR discount not the customer.

Even irctc don't bear the mdr cost.They charge surcharge on cc to recover that fee.

 

[Sobirvs]

Even irctc don't bear the mdr cost.They charge surcharge on cc to recover that fee.

they use the word convinience no?

 

[Piyush_Jaiswal]

Even irctc don't bear the mdr cost.They charge surcharge on cc to recover that fee.

Some merchant are permitted to charge the mdr from customer like petrol pumps, irctc, etc

Rest all merchant should bear the MDR themselves as per rules.