IDFC First Bank Launched its Debit Card Reward System

[AlgoTrader]

i dont know how i missed this thread this long, will use idfc select dc to pay hsbc cc bill for 0.5% rewards from now on as it is not working in unipay

 

[Sobirvs]

first of all I got the pts of the trxns I did yesterday just now, so looks like IDFC is giving pts faster nowadays. Ofc they aren't redeemable coz of 14 days rule, that's ok.

But I noticed something. My all cards billing date is 20th, so I do all my payments next day(21st), and if I do small payments first (which is less than 50k multiples), I get only base pts on them. So this rule shd be followed that do 50k+ trxn first, and then do all the trxns regardless the order so that u get 10x pts on small payments too.

Correct me if I am wrong.

 

[RichieRich]

first of all I got the pts of the trxns I did yesterday just now, so looks like IDFC is giving pts faster nowadays. Ofc they aren't redeemable coz of 14 days rule, that's ok.

But I noticed something. My all cards billing date is 20th, so I do all my payments next day(21st), and if I do small payments first (which is less than 50k multiples), I get only base pts on them. So this rule shd be followed that do 50k+ trxn first, and then do all the trxns regardless the order so that u get 10x pts on small payments too.

Correct me if I am wrong.

nothing like that. I once did a payment of 3.4 lac in one go, and received 30k points within 2 days. and many times I start with 20k payments. The thing is idfc system is getting better.

 

[KLB@96]

first of all I got the pts of the trxns I did yesterday just now, so looks like IDFC is giving pts faster nowadays. Ofc they aren't redeemable coz of 14 days rule, that's ok.

But I noticed something. My all cards billing date is 20th, so I do all my payments next day(21st), and if I do small payments first (which is less than 50k multiples), I get only base pts on them. So this rule shd be followed that do 50k+ trxn first, and then do all the trxns regardless the order so that u get 10x pts on small payments too.

Correct me if I am wrong.

so big bill payments first and then small right >?

 

[Anindya98]

Correct me if I am wrong.

Wrong info

nothing like that. I once did a payment of 3.4 lac in one go, and received 30k points within 2 days. and many times I start with 20k payments. The thing is idfc system is getting better.

Yes, the first 50K will receive base rewards after that 10x till it hits the cap. No matter in which denomination you pay. The system automatically detects it once you reach the 50K milestone.

But I noticed something. My all cards billing date is 20th, so I do all my payments next day(21st), and if I do small payments first (which is less than 50k multiples), I get only base pts on them.

Check properly you get 10x when you cross the 50K

 

[Sobirvs]

so big bill payments first and then small right >?

Yes, but when I say big, I mean 50k+ trxns only, and then small, regardless 50k+ or lower. But let me talk with other members too as I can be wrong, I am just making assumptions based on my activity statement.

I once did a payment of 3.4 lac in one go, and received 30k points within 2 days. and many times I start with 20k payments

If you are saying, idfc is giving pts faster, I agree, but if your argument is for how to do trxns, then i say bigger first.

Wrong info

Yes, the first 50K will receive base rewards after that 10x till it hits the cap. No matter in which denomination you pay. The system automatically detects it once you reach the 50K milestone.

Check properly you get 10x when you cross the 50K

My activity statement says otherwise. Check it yourself, I am posting the statement and they are posting the pts exactly how i did the trxns, I did 590 rs trxn for kotak cc payment in the last, hence it's on the top(last). Again, I am saying I am making assumptions here, I can be wrong, but you telling me I am wrong but my statement contradicts this.

statement removed for privacy

 

[himanshverma]

I raised a complaint for manual point credit for december transaction around 7000 points.
I got 7000 points with manual request.
As well as I got 7000 from the actual transaction.

Will I still be eligible for 50000 points this month or it will be 43000 now?

 

[Anindya98]

I raised a complaint for manual point credit for december transaction around 7000 points.
I got 7000 points with manual request.
As well as I got 7000 from the actual transaction.

Will I still be eligible for 50000 points this month or it will be 43000 now?

Yes, only 43K points this month.

 

[Anindya98]

I did 590 rs trxn for kotak cc payment in the last, hence it's on the top(last).

You received 10x as you crossed the 50K milestone. 590/10= 59 Points

 

[Sobirvs]

You received 10x as you crossed the 50K milestone. 590/10= 59 Points

I knw, coz I did that trxn after I did the 87253 trxn(above 50k), hence why I said, always do 50k+ trxn first and then other smaller trxns.

 

[Anindya98]

I knw, coz I did that trxn after I did the 87253 trxn(above 50k), hence why I said, always do 50k+ trxn first and then other smaller trxns.

next month do multiple transactions.
Just do 20K*3 and see what happens. On the third transaction, the first 10K will receive base and another 10K will get 10X points.

 

[Sobirvs]

next month do multiple transactions.
Just do 20K*3 and see what happens. On the third transaction, the first 10K will receive base and another 10K will get 10X points.

I agree. But all those 20k trxns are less than individual 50k trxn. Hence why I said if someone has a payment of 50k+, then always do that first and then do the rest later coz in your example, only the last 20k trxn get base and 10x pts not the first 2 20k trxns. If u do 50k+ trxn first then 20k*3 trxns all of them get 10x pts, which is more beneficial.

 

[Sobirvs]

so big bill payments first and then small right >?

After arguing with other members, looks like I was correct in my assumption so yea big trxns first (only50k+) and then small trxns after.

 

[Anindya98]

I agree. But all those 20k trxns are less than individual 50k trxn. Hence why I said if someone has a payment of 50k+, then always do that first and then do the rest later coz in your example, only the last 20k trxn get base and 10x pts not the first 2 20k trxns.

It doesn't matter whether you do 50K in a single transaction or multiple transactions. You will receive base reward points for the first 50K after that even if you do a 100rs transaction you will get 10 Points which is 10X. I have earned more than 1.6L points so I can guarantee that this is how the RP system works. Sometimes IDFC system misses out on 1 or 2 transactions within the first 50K slab that time problem occurs you have to ask them to manually credit the points under 10X if you have crossed the 50K slab.

If u do 50k+ trxn first then 20k*3 trxns all of them get 10x pts, which is more beneficial.

Just do the simple calculation you are paying 1.1L(50K+ 20K*3) and I was talking about the first 60K out of which you will receive base rewards for 1st 50K then 1000 RPs for the next 10K which is 10X.

After arguing with other members, looks like I was correct in my assumption so yea big trxns first (only50k+) and then small trxns after.

Wrong Info

 

[Sobirvs]

It doesn't matter whether you do 50K in a single transaction or multiple transactions. You will receive base reward points for the first 50K after that even if you do a 100rs transaction you will get 10 Points which is 10X.

that 100 rs trxn if done before 50k spend will fetch only base pts not 10x. Idk how you are saying "I guarantee xyz" when I have even shown you my statement. Prove me wrong with my statement or show your statement and prove me wrong rather than just rhetoric.

I stand with my assumption of 50k spend first and then smaller trxns to fetch max pts.

 

[pankaj1122]

He

that 100 rs trxn if done before 50k spend will fetch only base pts not 10x. Idk how you are saying "I guarantee xyz" when I have even shown you my statement. Prove me wrong with my statement or show your statement and prove me wrong rather than just rhetoric.

I stand with my assumption of 50k spend first and then smaller trxns to fetch max pts.

He is right...

First 50k is cumulative..Means u can do N number of txns to make it 50k,say 10k,15k,10k,15k....50k done

Now any txn of any value after this will fetch u 10x RPs...

 

[pankaj1122]

that 100 rs trxn if done before 50k spend will fetch only base pts not 10x. Idk how you are saying "I guarantee xyz" when I have even shown you my statement. Prove me wrong with my statement or show your statement and prove me wrong rather than just rhetoric.

I stand with my assumption of 50k spend first and then smaller trxns to fetch max pts.

Check this screenshot here

 

[Anindya98]

that 100 rs trxn if done before 50k spend will fetch only base pts not 10x. Idk how you are saying "I guarantee xyz" when I have even shown you my statement. Prove me wrong with my statement or show your statement and prove me wrong rather than just rhetoric.

I stand with my assumption of 50k spend first and then smaller trxns to fetch max pts.

Check for yourself:

Page 2

On 7 Jan, I completed rs.46,364 and after that, I did a transaction of rs.5369 on 13th Jan which crossed 50K so received 10X on rs.1733.
@pankaj1122 is correct you can do N number of transactions to reach 50K.

 

[darkjediknight]

Check for yourself:
View attachment 81377
Page 2
View attachment 81376
On 7 Jan, I completed rs.46,364 and after that, I did a transaction of rs.5369 on 13th Jan which crossed 50K so received 10X on rs.1733.
@pankaj1122 is correct you can do N number of transactions to reach 50K.

What is 250 points for first bill paid in the month?

 

[Sobirvs]

Check for yourself:
View attachment 81377
Page 2
View attachment 81376
On 7 Jan, I completed rs.46,364 and after that, I did a transaction of rs.5369 on 13th Jan which crossed 50K so received 10X on rs.1733.
@pankaj1122 is correct you can do N number of transactions to reach 50K.

I apologize, you are right. That's all I wanted to see through statement. I am wrong and sorting or how one does the trxns doesn't matter. I concede with your rebuttal.

Just an update for people who have kotak 811 super like me as I do cc payments only via idfc and kotak (I don't have hdfc, indusind and other dc's), I guess using kotak dc will be a better choice as it gives 500 rs for 10k payments compared to IDFC which gives 250pts(250/4 = 62rs?) or even if we get 10x pts for post 50k, so 10k payment will give 1000 pts which is 125 rs, where as kotak gives 500 , which is better than idfc for now?

correct me @Anindya98 if I am wrong.