IDFC First Bank Launched its Debit Card Reward System

[pgarg24]

can someone do the math here for a payment of 80k at unipay done via wealth debit card.

I am having a hard time checking my statement and I was talking to a friend abt this. My guess is

Base points - 4 points per 150 right? So, 2134 points base for 80k payment?
10x points for wealth card means 10 pts per 100 - so 8000 pts for 80k payment right?

So total 2134+8000 = 10,134, is this math correct?

10x is after 50k spends.

So till 50k - you get 1333.33 RP
After 50k(meaning for pending 30k) you get 10x - 3000 points.

Total - 4333.33 points.
If you see in activity, you will see they distribute the transactions as I mentioned above.

 

[Sobirvs]

10x is after 50k spends.

So till 50k - you get 1333.33 RP
After 50k(meaning for pending 30k) you get 10x - 3000 points.

Total - 4333.33 points.
If you see in activity, you will see they distribute the transactions as I mentioned above.

Problem is I had normal acc before and I got my acc upgraded just few weeks back to wealth. I did 50k+ trxns just 2 days back and the points have yet to be shown up but my friend was asking me questions so I thought to calculate myself. I did huge trxns last month and as I had normal acc to I reached 8k cap coz of it. I am attaching last month activity (I will delete it if someone thinks this shouldn't be attached. Does your math validates this. This reward structure really is confusing.


edit : removed SS coz of privacy.

 

[KLB@96]

guys best way to redeem points ? I have 30k

 

[newmakerhere]

guys best way to redeem points ? I have 30k

I have 60k. Believe me there is no best way. Either wait for AGV or FGV. Or redeem with other available vouchers

 

[Sobirvs]

guys best way to redeem points ? I have 30k

for now best is blinkit/swiggy.

 

[KGSIPO]

AGV is best

 

[msankadi]

Pls ignore: Worked on the 3rd try.....That's the Indian banking system for you 🙂 ...Add randomness to prevent fraud....genius!

Hi I am trying to pay my axis magnus cc bill of 3l using idfc wealth debit card via sbi unipay but the transaction keeps failing...smaller bill payments of lt 10k worked fine today for axis and hdfc

tried paying smaller amount of 1l using same combo but that too failed

any idea what to do?

 

[Aniket]

Problem is I had normal acc before and I got my acc upgraded just few weeks back to wealth. I did 50k+ trxns just 2 days back and the points have yet to be shown up but my friend was asking me questions so I thought to calculate myself. I did huge trxns last month and as I had normal acc to I reached 8k cap coz of it. I am attaching last month activity (I will delete it if someone thinks this shouldn't be attached. Does your math validates this. This reward structure really is confusing.


View attachment 78118

Hasu ya dukhi howu, samjh nahi aa raha hai bhaijee aap kya kar liye 🤣 thoda time invest karlete research mein bhi itna sara txns karke faukat mein gaba baithe kuch nahi milega ab Nov ka, 2k (gross) mil gaya🤣

The reward structure is totally correct.

TLDR: Moye Moye 🤡 ho gaya

 

[hks789]

I have 60k. Believe me there is no best way. Either wait for AGV or FGV. Or redeem with other available vouchers

Mobile recharge annual plans and flight bookings can be an option.

 

[Sobirvs]

Hasu ya dukhi howu, samjh nahi aa raha hai bhaijee aap kya kar liye 🤣 thoda time invest karlete research mein bhi itna sara txns karke faukat mein gaba baithe kuch nahi milega ab Nov ka, 2k (gross) mil gaya🤣

The reward structure is totally correct.

TLDR: Moye Moye 🤡 ho gaya

Koi nahi, lesson learned. I upgraded to wealth already so I am totally set now for this month trxns which I did on 20th so rp should come soon hehe

 

[KLB@96]

Koi nahi, lesson learned. I upgraded to wealth already so I am totally set now for this month trxns which I did on 20th so rp should come soon hehe

how to upgrade from normal to wealth ?

 

[Sobirvs]

how to upgrade from normal to wealth ?

call your RM. You need to have good amount in savings or fd or investments. (even if the criteria isn't met, even if u meet 50%~ criteria, RM might consider your request. Be firm with RM, don't sound like you are requesting, sound like you are ordering. It worked for me.

 

[pgarg24]

Problem is I had normal acc before and I got my acc upgraded just few weeks back to wealth. I did 50k+ trxns just 2 days back and the points have yet to be shown up but my friend was asking me questions so I thought to calculate myself. I did huge trxns last month and as I had normal acc to I reached 8k cap coz of it. I am attaching last month activity (I will delete it if someone thinks this shouldn't be attached. Does your math validates this. This reward structure really is confusing.


View attachment 78118

Best to wait for the transactions done 2 days ago using wealth dc. I am not really sure about normal account.. but wealth has pretty straightforward calculation. See my activity below

Got regular points for 24250 transaction - 646rp
Got regular points for first 25750 of 35k transaction - 686rp

Above completes 50k transaction on which we get regular RP. Post this we get 10x.

So for rest of 9250 of 35k transaction - got 10x(925rp) (as the rest of transaction is post 50k spends)
Next any transaction I do is 10x - so for 1.3L transaction got 13k rp.

 

[Sobirvs]

Best to wait for the transactions done 2 days ago using wealth dc. I am not really sure about normal account.. but wealth has pretty straightforward calculation. See my activity below

Got regular points for 24250 transaction - 646rp
Got regular points for first 25750 of 35k transaction - 686rp

Above completes 50k transaction on which we get regular RP. Post this we get 10x.

So for rest of 9250 of 35k transaction - got 10x(925rp) (as the rest of transaction is post 50k spends)
Next any transaction I do is 10x - so for 1.3L transaction got 13k rp.

View attachment 78140

can u take this SS on a laptop/desktop? as it will show the amount total for which trxn is which for 10x.

I myself did abt 2.8L worth of trxn 3 days ago but I have zero idea how the calculation is being done. I understand the base pts but I am guessing we get both base + 10x right? and what constitutes as 50k trxn? is it like 50k per trxn or like let's say 3 trxn's of 30k, 40k and 20k so that's total 90k for 3 trxns, will that also means it's 50k+ trxns? increments of 50k?

 

[Anindya98]

can u take this SS on a laptop/desktop? as it will show the amount total for which trxn is which for 10x.

I myself did abt 2.8L worth of trxn 3 days ago but I have zero idea how the calculation is being done. I understand the base pts but I am guessing we get both base + 10x right? and what constitutes as 50k trxn? is it like 50k per trxn or like let's say 3 trxn's of 30k, 40k and 20k so that's total 90k for 3 trxns, will that also means it's 50k+ trxns? increments of 50k?

For 2.8L Payment via Wealth DC
First 50K you will get 1333.33 RPs, rest 2.3L 23000 RPs = 24333.33 RPs
No matter how many transactions you do, like 30K, 50K, 1L & 1L.
30K - 800 RPs, 50K - (533 + 3000) RPs, 1L - 10000 RPs, 1L - 10000 RPs.
Rest assured that IDFC will calculate the exact amount of RPs.

 

[Anindya98]

guys best way to redeem points ? I have 30k

Read the thread:

Offer Fulfilled! Thread 'IDFC First Rewards' best redemption options?'

Jul 9, 2024

I have accumulated 20000 RPs in the IDFC First rewards portal by next month I will be able to redeem it. What are the best possible options for redemption?
I am only interested in e-gift card/voucher category not interested in buying any products.
I am thinking of converting it to 5000 Amazon Pay GV net profit of 4882 after 118 redemption fees.
Also, on my other 2 family accounts, I have 6000+ each account.


Any more Suggestions will be appreciated
Update: 18-09-2024
IDFC has removed the 1K Amazon Pay GV and Shopping Voucher both Options from the Redeem Section Now max 2500...

• Anindya98
• debit card idfc idfc bank idfc bank select idfc debit card idfc first bank reward program reward points reward redeemtion
• Replies: 396
• Forum: Other Offers

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[Sobirvs]

For 2.8L Payment via Wealth DC
First 50K you will get 1333.33 RPs, rest 2.3L 23000 RPs = 24333.33 RPs
No matter how many transactions you do, like 30K, 50K, 1L & 1L.
30K - 800 RPs, 50K - (533 + 3000) RPs, 1L - 10000 RPs, 1L - 10000 RPs.
Rest assured that IDFC will calculate the exact amount of RPs.
View attachment 78148

Thanks man, amazingly explained. I really appreciate this.

 

[ontherocks]

10x is after 50k spends.

So till 50k - you get 1333.33 RP
After 50k(meaning for pending 30k) you get 10x - 3000 points.

Total - 4333.33 points.
If you see in activity, you will see they distribute the transactions as I mentioned above.

4333.33 points = How much of Amazon GV?

 

[pgarg24]

4333.33 points = How much of Amazon GV?

4rp = 1rs
So 1k amazon voucher(by redeeming 4k points) and rest 333rp left for future use.

 

[varr]

4rp = 1rs
So 1k amazon voucher(by redeeming 4k points) and rest 333rp left for future use.

Amazon pay vouchers is not available know ?