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.

Update(17/02/2025): Zero Convenience Fee Flight Ticket Booking Offer
https://www.technofino.in/community...rds-best-redemption-options.28763/post-941819

 

[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.
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

@Vasuki @SSV @#aniket @Wealth is my birth right! @BVC @jetesh @hariselio @Sudip @rohant

 

[Aniket]

@Vasuki @SSV @#aniket @Wealth is my birth right! @BVC @jetesh @hariselio @Sudip @rohant

In my view, APV has the most use cases can be used to shop on Amazon but no more supported with an another payment method, as well as can be used for utilities payments on Amazon itself.

Not, only this some other co. also support Amazon Pay Balance wallet, like 1 MG, Swiggy, Ola, Uber, IRCTC website, Dr. Lal Path Lab, Book My Show, Make My Trip, Appolo, Zomato, Pharmeasy and what not.

Other than this, if you don't want voucher or want some other then, check categories and choose as per your preference. Not only this, you can
use it for flight/ hotel bookings, recharge (Mobile/ DTH).

 

[abhiver]

How about using it for statement credit to clear the dues. Will it attract the redemption charges too.

 

[Anindya98]

In my view, APV has the most use cases can be used to shop on Amazon but no more supported with an another payment method as well as can be used for utilities payments on Amazon itself.

Yes, I have an insurance premium in October of rs4800 so I can use it there directly that's why I am looking for Amazon GV.

Not, only this some other co. also support Amazon Pay Balance wallet, like 1 MG, Swiggy, Ola, Uber, IRCTC website, Dr. Lal Path Lab, Book My Show, Make My Trip, Appolo, Zomato, Pharmeasy and what not.

Agreed it can be used in multiple places

Other than this, if you don't want voucher or want some other then, check categories and choose as per your preference other than this
use it for flight/ hotel bookings, recharge (Mobile/ DTH).

Not yet explored these categories is it possible to convert them into Air Miles or Hotel points?

 

[Anindya98]

How about using it for statement credit to clear the dues. Will it attract the redemption charges too.

These are all DC transaction reward points and I don't use IDFC CC very much so I will not be able to use them as statement credit

 

[HumorSimpson]

How about using it for statement credit to clear the dues. Will it attract the redemption charges too.

Redemption charges are there for GVs too.

 

[Anindya98]

Redemption charges are there for GVs too.

Yes willing to pay 118 for 5000 GV

 

[Aniket]

Yes, I have an insurance premium in October of rs4800 so I can use it there directly that's why I am looking for Amazon GV.

So, what are you looking for? If you need to make payment in future, it's best with other use cases.

Agreed it can be used in multiple places

Yep, with no expiry date as such.

Not yet explored these categories

Explore then...

is it possible to convert them into Air Miles or Hotel points?

As far as I know, it can be used only to make bookings.

 

[Aniket]

Yes willing to pay 118 for 5000 GV

₹116.82 (99+GST) only to be precise 🤭

So, Net Income: ₹4883.18

 

[Wealth is my birth right!]

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

What else other than amazing amazon 😀
But add more reward points considering idfc redemption charges
I hold 9k and plan it to redeem around 25k
Anyway points wont expire

 

[Anindya98]

But add more reward points considering idfc redemption charges
I hold 9k and plan it to redeem around 25k
Anyway points wont expire

Good point
I am thinking of doing it after Wealth Upgrade I will receive 16000 Points more and by then I will also accumulate 4K points. I will redeem 40K points altogether.

 

[Wealth is my birth right!]

Good point
I am thinking of doing it after Wealth Upgrade I will receive 16000 Points more and by then I will also accumulate 4K points. I will redeem 40K points altogether.

Good idea
Lets save that 118/- to the best

 

[R!ppEr]

What else other than amazing amazon 😀
But add more reward points considering idfc redemption charges
I hold 9k and plan it to redeem around 25k
Anyway points wont expire

points wont expire, but can always be devalued :'(

 

[Wealth is my birth right!]

points wont expire, but can always be devalued :'(

Lol true
Overnight anything can happen

 

[Aniket]

Lol true
Overnight anything can happen

Not only this 🤣

They are pro at blocking rewards portal and even pro at purging.

Jada laalach buri bala hai 🤣🤭

 

[Wealth is my birth right!]

Not only this 🤣

They are pro at blocking rewards portal and even pro at purging.

Jada laalach buri bala hai 🤣🤭

So idfc in a tough competition with Axis Bank
😃😄

 

[kpravinramesh]

I have a doubt ..If I redeem 60k points for amazon pay gift voucher what will be the redemption fee charged ..
Only 99+gst for alltogether
Or 99+gst for every voucher redeemed.

 

[ak93]

I have a doubt ..If I redeem 60k points for amazon pay gift voucher what will be the redemption fee charged ..
Only 99+gst for alltogether
Or 99+gst for every voucher redeemed.

99 + gst

 

[HumorSimpson]

99 + gst

Idfc cc allows for amazon pay redemption?