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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:
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.
 
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.
 
Last edited:
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?
 
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
 
Last edited:
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
 
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.
 
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.

Screenshot_2024-12-24-00-05-01-855_com.android.chrome_1.webp
 
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?
 
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.

1734984802908.webp
 
Last edited:
guys best way to redeem points ? I have 30k
Read the thread:
 
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.
 
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?
 
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