Offer Fulfilled! IDFC First Rewards' best redemption options?

[Anindya98]

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 (500*5) can be redeemed at once. Same for Flipkart GV no 1K option.

Update: IDFC First Rewards Redemption: Exploring the Best E-Voucher Options as of 07/01/2025!
E-Commerce: Myntra (5K) & Tata CliQ Fashion (5K)
Accessories: Decathlon (5K) & Max (2K)
Beauty: SKINN by Titan (2K)
Electronics: Croma (5K), Reliance Digital (9999), Vijay Sales (5K)
OTT: Amazon Prime, BMS(1K), PVR(1K), Hoichoi, Zee5
Jewelry: As per your preference
Travel: OLA Cabs(1K), Taj(10K)
Food: Swiggy Money(1K), Zomato(1K), Blinkit(500), KFC(1K)

Using Pay with Points: 4 RPs= Re1
Flights
Hotels
Recharge (Mobile & DTH)
BMS Pay with points
Store(Not Recommended at all)
The list is subject to change based on the availability of vouchers, evaluation of points, and the terms and conditions of brands for voucher usage. Feel free to suggest additional options where you have utilized your points beyond those mentioned here.

 

[vijay.vj]

No, still getting 250 RPs

Can you share more details about it, is it every month.
Can we pay CC bill to quality? how much is the minimum amount. Sorry for too much details

 

[ashwinkashwink is verified member.]

No, still getting 250 RPs

I didn't get in OCT and NOV

Now is there any minimum txn required?

CC Bill payment excluded?

 

[Tocoliso]

Now available both 250 and 500

 

[sairamwrm]

Not Sure, might be because of my account status.

Will it show 99+GST at checkout?

 

[sairamwrm]

Same here. Was able to redeem all my points for apay balance. And till date not redemption fee has been levied

Will it show 99+taxes at checkout? Have you checked after 60 days as they mentioned?

 

[sairamwrm]

It's there, but I've never been charged 🤞

Did you check after 60 days?

 

[lhgeek]

Will it show 99+taxes at checkout? Have you checked after 60 days as they mentioned?

Yes have been redeeming from 6 months.. all points only. No points+cash. And they have not levied redemption fee

 

[Anindya98]

Will it show 99+GST at checkout?

Yes

Did you check after 60 days?

Yes

Yes have been redeeming from 6 months.. all points only. No points+cash. And they have not levied redemption fee

Same only points.

 

[Pissant]

Yes

Yes

Same only points.

You seem to be very knowledgeable about IDFC First so I’d like to ask you a question.

I recently went to my branch to change my name in the Account according to my PAN and Driving License.

But, they told me that they can only set the according to my Aadhar and that I would have to get it changed on there.

This sounds weird to me since I have successfully changed my name at HDFC, Axis, IndusInd and BOB using the above method and never had a problem.

 

[Anindya98]

I didn't get in OCT and NOV

Call CC and ask them

Now is there any minimum txn required?

No, I do max Rs.5 transaction

CC Bill payment excluded?

No

 

[Anindya98]

You seem to be very knowledgeable about IDFC First so I’d like to ask you a question.

I recently went to my branch to change my name in the Account according to my PAN and Driving License.

But, they told me that they can only set the according to my Aadhar and that I would have to get it changed on there.

This sounds weird to me since I have successfully changed my name at HDFC, Axis, IndusInd and BOB using the above method and never had a problem.

Try a different IDFC Branch and if you have a RM assigned to your account then ask him/her to process it.
If you get the same reply then start an email conversation with them asking them about the process and they will generate a SR request you can use the same SR while dealing with them in the Branch.

 

[Anindya98]

No charges for Select/Wealth/Private Customers, only maintain 25K (Base Variant MAB).

Thread 'Important: IDFC Revised Charges for Non-Maintenance of AMB starting 1st January 2025'

Dec 3, 2024

Greetings from IDFC FIRST Bank.

We are reaching out to inform you of upcoming changes to the charges associated with non-maintenance of the required Average Monthly Balance (AMB) in your Savings Account.

Details of upcoming changes

Non-Maintenance of AMB: Effective 1st January 2025, a fixed percentage charge will apply for failing to maintain the required AMB in your Savings Account. This charge will be based on the shortfall between the actual balance maintained and the minimum balance required, as agreed at the time of account opening.

New Non-Maintenance Charges...

• Anindya98
• bank account charges idfc idfc bank idfc bank savings account idfc bank select idfc bank wealth idfc savings account mab savings account
• Replies: 12
• Forum: Bank Account

• 
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[theflash]

(Base Variant MAB).

My base variant is 10K still ill have to maintain 25K?

 

[Anindya98]

My base variant is 10K still ill have to maintain 25K?

I think you have a Wealth Account linked under family banking, so no need to maintain any MAB. Else 10K.

 

[theflash]

I think you have a Wealth Account linked under family banking, so no need to maintain any MAB. Else 10K.

Wealth Account is linked under family banking but all 3 accts are 10k MAB ones and only 1 is maintaining 10k+ amt then that is sufficient right 🤔.

 

[Anindya98]

Wealth Account is linked under family banking but all 3 accts are 10k MAB ones and only 1 is maintaining 10k+ amt then that is sufficient right 🤔.

Check if you receive the email on all three accounts or not. I have 3 accounts in my name but receive only for my main account.
According to the family banking rule, it is sufficient.

 

[Sarjerao]

Looks like best option is to use it to redeem against statement.

 

[pgarg24]

Looks like best option is to use it to redeem against statement.

Why not flights?

 

[HumorSimpson]

Why not flights?

One can easily earn 5% on flights with SBI CB. On top of that if you have some membership with yatra your convenience charges will be zero.

Looks like best option is to use it to redeem against statement.

This is not CC rewards but DC rewards.

 

[Sarjerao]

One can easily earn 5% on flights with SBI CB. On top of that if you have some membership with yatra your convenience charges will be zero.



This is not CC rewards but DC rewards.

ohh, I see