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IDFC First Bank Launched its Debit Card Reward System

Apply For Lifetime Free IDFC First Credit Card
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The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
Rbl ka account toh khulva lunga yeh wala magar, IDFC ka joh abhi khola hai uska kya karu ? Mobikwik pe through IDFC me rewards honge kya collect ? Ab account khola hai toh thoda toh use karu atleast...

Abhishek012 said:
Maine pahele he bola tha RBL Signature+ debit card is best debit card for credit card bill repayment and wallet loads -

Return Ratio: If you max. out the spends, i.e. 1L per month X 12= 12L in a year, you receive:
  1. 1000 GV per month X 12 = 12K points
  2. 5000 GV per year X 1 = 5K points
Total= 17K on an effective joining fee of (5900-5000)= 900 INR. Renewal fee anyway will be Zero from next year upon spending 3L+ in previous year.
  • Return Percentage for 1st year= (17K-900)/12L ~ 1.34%
  • Return percentage next year onwards= 17K/12L ~ 1.41%
Best Value: If your spends aren’t that high, hitting 5L in a year is the sweet spot.

In 1st year You get 5K Monthly + 5K Annual benefit = (10K-900)/5L ~ 1.82%

And next year onwards you get (5K + 5K)/5L ~ 2%

If you spend more than 12L in a year, return value goes downwards. As you can see, this card holds good till annual spends of 12L max only (preferably 1L per month spend with minimum 10K in a month to earn cashbacks as GV)

GVs available: Wide range of GVs with multiple price points are available for redemption against both Welcome/ Monthly benefits. Notable ones are Amazon, Flipkart, Croma, Bigbasket etc.

If you want to know where you spend RBL Signature+ debit card -

Paytm app - direct use debit card for cc bill repayment or Paytm wallet load

mobikwik app - cc bill repayment

Bajaj app - cc bill repayment

Payzapp app - cc bill repayment

Cred app - cc bill repayment (pay more than Rs50,001+ or selected user 10,001+ and get debit card option)

Amazon full kyc wallet - load and spend anywhere via Amazon wallet UPI for bank transfer/cc bill repayment or merchant transaction via UPI.
Click to expand...
 
Abhishek012 said:
RBL ko mast new new customer mil raha hai. Aise thorai band kar dega itni jaldi.
Click to expand...
They have already restricted non branch areas from opening account online. This is a recent change.

Even IDFC was getting new customers daily, my all friends opened 25k MAB Account just for this reward program. 😂 😂

Every bank wants new customer. Not someone who can loot the bank but someone who can be looted by the bank. Here, they knew that customers are onboarding just to loot the reward program and will not contribute to their profits but will only reap benefits and go away.
RBL bank knows that someone from non branch area can only open their bank account for reward points, otherwise they don't have any other good service that will compel someone to open account from non branch area. That's why they restricted non branch areas.
 
Last edited:
Piyush_Jaiswal said:
They have already restricted non branch areas from opening account online. This is a recent change.

Even IDFC was getting new customers daily, my all friends opened 25k MAB Account just for this reward program. 😂 😂

Every bank wants new customer. Not someone who can loot the bank but someone who can be looted by the bank. Here, they knew that customers are onboarding just to loot the reward program and will not contribute to their profits but will only reap benefits and go away.
RBL bank knows that someone from non branch area can only open their bank account for reward points, otherwise they don't have any other good service that will compel someone to open account from non branch area. That's why they restricted non branch areas.
Click to expand...
IDFC and RBL k rewards me jameen asmaan ka fark hai.
 
I made a first transaction greater than 1000 RS on my idfc wealth debit card. According to rewards portal I should have gotten 8000 points for 1st transaction above 1000 rs. But I got only 58 points. What am I missing here?
 
CardSeeker said:
Yes

He has so much hatred towards Visa And master cards.

So much hatred towards credit cards

Note - he is one of the biggest looter of credit cards

Some posts Like omni wallet, Fortum etc etc ( How much he looted with above tricks)

He gather information from here and there and posts all tricks in communities. ( CREDIT STEALER)

He watches YouTube videos and post here

And after looting,At last he tags Bank ids and challenging them to close the loopholes.


I am really lucky, I have seen the real life actor 😂


He feels like he had Introduced the tricks and closed the tricks.

In Reality Banks Don't Care abt Him 😂😂😂
Click to expand...
Ho gaya tumlogo ka ?

I hate only mastercard. Mastercard is an anti-India company.

I am a biggest fan for Visa card but my favourite company is RuPay card.
 
Ab wo banda reply nahi karega. Usane socha hoga ki bahut jabarjast thread likha...5-10 followers badhane ke chakkar mein dal dete hai...dusare bhi thread dalo jisase baki logo ko knowledge mile..
 
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