IDFC Rewards Devalued

[tetrapack]

[td] Merchant Categories​ ​

[td]

Received the following email from IDFC


Greetings from IDFC FIRST Bank.

We would like to inform you that the Terms and Conditions of the FIRST Rewards Savings Account Loyalty Program have been updated.

As part of these changes, debit card transactions on the following additional Merchant Category Codes (MCCs) will no longer be eligible for Reward Points:​

[/td]​

​

[td]

Merchant Codes​

[/td]​

[td]

Tolls and bridge fees​

[/td]​

[td]

4784​

[/td]​

[td]

Telecommunication Services​

[/td]​

[td]

4814​

[/td]​

[td]

Money Orders – Wire Transfers​

[/td]​

[td]

4829​

[/td]​

[td]

Utilities: Electric, Gas, Heating Oil, Sanitary, Water​

[/td]​

[td]

4900​

[/td]​

[td]

Precious stones and metals, watches, and jewellery​

[/td]​

[td]

5094​

[/td]​

[td]

Petroleum and petroleum products​

[/td]​

[td]

5172​

[/td]​

[td]

All Unrecognized Debit Card MCC​

[/td]​

[td]

E.g. 5413​

[/td]​

[td]

Service stations (with or without ancillary services)​

[/td]​

[td]

5541​

[/td]​

[td]

Automated fuel dispensers​

[/td]​

[td]

5542​

[/td]​

[td]

Clock, Jewellery, Watch and Silverware Stores​

[/td]​

[td]

5944​

[/td]​

[td]

Direct Marketing Insurance Services​

[/td]​

[td]

5960​

[/td]​

[td]

Fuel dealers — fuel oil, wood, coal, and liquefied petroleum​

[/td]​

[td]

5983​

[/td]​

[td]

Rent Payments​

[/td]​

[td]

6513​

[/td]​

[td]

Consumer Credit Reporting Agencies​

[/td]​

[td]

7321​

[/td]​

[td]

Debt collection agencies​

[/td]​

[td]

7322​

[/td]​

[td]

Charitable and social service organizations​

[/td]​

[td]

8398​

[/td]​

[td]

Civic, Fraternal, and Social Associations​

[/td]​

[td]

8641​

[/td]​

[td]

Fines​

[/td]​

[td]

9222​

[/td]​

[td]

Tax Payments​

[/td]​

[td]

9311​

[/td]​

[td]

Government Services – Not Elsewhere Classified​

[/td]​

[td]

9399​

[/td]​

[/td]

[td]

All earned Reward Points will reflect and be ready for redemption post 30 working days from the date of transaction.

Please note that the above changes will come into effect from 10th October 2025.​

[/td]​

​

 

[Rishabh]

​

​ [td] Merchant Categories ​

[td]
Received the following email from IDFC


Greetings from IDFC FIRST Bank.

We would like to inform you that the Terms and Conditions of the FIRST Rewards Savings Account Loyalty Program have been updated.

As part of these changes, debit card transactions on the following additional Merchant Category Codes (MCCs) will no longer be eligible for Reward Points:

[/td]​

​

​

[td]
Merchant Codes

[/td]​

[td]
Tolls and bridge fees

[/td]​

[td]
4784

[/td]​

[td]
Telecommunication Services

[/td]​

[td]
4814

[/td]​

[td]
Money Orders – Wire Transfers

[/td]​

[td]
4829

[/td]​

[td]
Utilities: Electric, Gas, Heating Oil, Sanitary, Water

[/td]​

[td]
4900

[/td]​

[td]
Precious stones and metals, watches, and jewellery

[/td]​

[td]
5094

[/td]​

[td]
Petroleum and petroleum products

[/td]​

[td]
5172

[/td]​

[td]
All Unrecognized Debit Card MCC

[/td]​

[td]
E.g. 5413

[/td]​

[td]
Service stations (with or without ancillary services)

[/td]​

[td]
5541

[/td]​

[td]
Automated fuel dispensers

[/td]​

[td]
5542

[/td]​

[td]
Clock, Jewellery, Watch and Silverware Stores

[/td]​

[td]
5944

[/td]​

[td]
Direct Marketing Insurance Services

[/td]​

[td]
5960

[/td]​

[td]
Fuel dealers — fuel oil, wood, coal, and liquefied petroleum

[/td]​

[td]
5983

[/td]​

[td]
Rent Payments

[/td]​

[td]
6513

[/td]​

[td]
Consumer Credit Reporting Agencies

[/td]​

[td]
7321

[/td]​

[td]
Debt collection agencies

[/td]​

[td]
7322

[/td]​

[td]
Charitable and social service organizations

[/td]​

[td]
8398

[/td]​

[td]
Civic, Fraternal, and Social Associations

[/td]​

[td]
8641

[/td]​

[td]
Fines

[/td]​

[td]
9222

[/td]​

[td]
Tax Payments

[/td]​

[td]
9311

[/td]​

[td]
Government Services – Not Elsewhere Classified

[/td]​

[td]
9399

[/td]​

[/td]

[td]
All earned Reward Points will reflect and be ready for redemption post 30 working days from the date of transaction.

Please note that the above changes will come into effect from 10th October 2025.

[/td]​

​

This was inevitable and bound to happen. But good that Education spends still not added under Exclusions !!