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.

 

[vine]

Indeed a dooms' day for me atleast. Was planning to get an IDFC Select account atleast, but not sure.
If you say that 1K agvs gonna stock up again, I will apply idfc select offline.

annayya, what's the USP of Select DC?

 

[HumorSimpson]

annayya, what's the USP of Select DC?

Rewards paying CC bills and Taxes.

Detailed analysis of RPs interms of cash here. But if it really restricts to 500inr agvs , we loose 99+GST everytime we redeem.

Post in thread 'IDFC Select Vs Wealth Vs Private requirements'

Sep 12, 2024

I can maintain the NRV, but unable to find any useful perk over and above IDFC Wealth program and DC to take the plunge.

Even one proper and tangible differentiated benefit can make people go for it. Right now there is none!

Correct !!! The DCs have reward rate difference for the first 50K only, over and above its the same 2.5%.
vis-a-vis of DC reward rate for online (excellent for cc bills and tax payments) on the 50K monthly spend.


IDFC Select - 3X = 0.5% = 250 INR
IDFC Wealth - 4X = 0.67% = 330 INR
IDFC Private - 6X = 1.0% = 500 INR

So we are good with even select as the...

• HumorSimpson

• 
• 

 

[Anindya98]

Rewards paying CC bills and Taxes.

Detailed analysis of RPs interms of cash here. But if it really restricts to 500inr agvs , we loose 99+GST everytime we redeem.

Post in thread 'IDFC Select Vs Wealth Vs Private requirements'

Sep 12, 2024

I can maintain the NRV, but unable to find any useful perk over and above IDFC Wealth program and DC to take the plunge.

Even one proper and tangible differentiated benefit can make people go for it. Right now there is none!

Correct !!! The DCs have reward rate difference for the first 50K only, over and above its the same 2.5%.
vis-a-vis of DC reward rate for online (excellent for cc bills and tax payments) on the 50K monthly spend.


IDFC Select - 3X = 0.5% = 250 INR
IDFC Wealth - 4X = 0.67% = 330 INR
IDFC Private - 6X = 1.0% = 500 INR

So we are good with even select as the...

• HumorSimpson

• 
• 

I am adding the tabular comparison between all the IDFC DCs

 

[HumorSimpson]

I am adding the tabular comparison between all the IDFC DCs
View attachment 69223

For better reading, always truncate decimals to 2 digits and color code DC variants.

 

[Vasuki]

Indeed a dooms' day for me atleast. Was planning to get an IDFC Select account atleast, but not sure.
If you say that 1K agvs gonna stock up again, I will apply idfc select offline.

Just because you got bite by mosquito at hospital u don't run from hospital bed ..

Rn only idfc is rewarding points & u say inconvenience is inappropriate

 

[HumorSimpson]

Just because you got bite by mosquito at hospital u don't run from hospital bed ..

Rn only idfc is rewarding points & u say inconvenience is inappropriate

My point here is restrictions on redemption makes it an MDC.
I have ~4 Lakh CRED points which are worth a banana peel, I don't want a DC of a CRED

 

[Vasuki]

My point here is restrictions on redemption makes it an MDC.
I have ~4 Lakh CRED points which are worth a banana peel, I don't want a DC of a CRED

You are blinded by own foresight judgement


Points are lifetime not limited to date of expiry

 

[HumorSimpson]

You are blinded by own foresight judgement


Points are lifetime not limited to date of expiry

You remind me my of nephew , when he was a kid he used to quote some best lines but irrelevant .
Why will I need a Lifetime MDC ?

 

[vaibhav111vaibhav111 is verified member.]

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.
For one Account I will get the Amazon Prime 1Yr Membership not sure on the other one what to get?

Any more Suggestions will be appreciated

can anyone suggest best way to redeem 61k points.

I'm thinking to redeem as amazon gift card only.

Pay with points did anyone try? I assume paying with points also has redemption fee applicable.

yeah i did read your comment in that earlier thread and you have 60,000 RP on IDFC DC , bro chill i would have 1L in next 15-40 days if there is delay from IDFC and end by the end of this year around 2-3L IDFC RP on DC only. so you won't be alone. so chill bro..