IDFC Select to Wealth upgrade

[EnthuCC]

Hi, I have IDFC savings bank account under Select banking program.

I learned in this forum that if one can deposit 10L+ in savings account then it can be upgraded to Wealth account. Can anyone tell me for how long one needs to deposit 10L+ fund to get eligible for the upgrade for existing Select customers?

 

[HumorSimpson]

Well they replied and told 5L is required 🤣

On papers it is 10L, recently they have come down to 5L.

 

[aparnahm]

My account was upgraded to wealth before three months of maintaining the required balance. Got the dc too. RM says wealth CC offer can be generated only after three months. Is this true? IDFC doesn't seem to be consistent in its policy.
The first ever pos transaction of more than 1k gets 8k rps. Should it be the first ever txn or any transaction within 30 days which is of more than 1k value? There is no clarity in the mailer they sent, just mentioned first txn and 1k. 30 days period limit is also not mentioned.

 

[HumorSimpson]

My account was upgraded to wealth before three months of maintaining the required balance. Got the dc too. RM says wealth CC offer can be generated only after three months. Is this true? IDFC doesn't seem to be consistent in its policy.

CC doesn't have relation to savings acc. Also the wealth cc lost its charm. Currently its only good for jewelery. One of the few cards that give 1.6% albeit 0.5% for the first 20K.


>>The first ever pos transaction of more than 1k gets 8k rps. Should it be the first ever txn or any transaction within 30 days which is of more than 1k value?
The first ever txn of 1K and above within 30 days . If you spend less than that then its gone.

>>There is no clarity in the mailer they sent, just mentioned first txn and 1k. 30 days period limit is also not mentioned.
Correct !!! IDFC be like I Don't Feel for Customer. This is the main reason I joined this forum to understand IDFC's cryptic things.

 

[aparnahm]

I am aiming for the cc for bms BOGO offer. Select cc bms BOGO offer is useless. I didn't know about the 1.6% value back for jewelry purchase. Good one I feel. I can then throw away my paid tata neu infinity card

 

[aparnahm]

CC doesn't have relation to savings acc. Also the wealth cc lost its charm. Currently its only good for jewelery. One of the few cards that give 1.6% albeit 0.5% for the first 20K.


>>The first ever pos transaction of more than 1k gets 8k rps. Should it be the first ever txn or any transaction within 30 days which is of more than 1k value?
The first ever txn of 1K and above within 30 days . If you spend less than that then its gone.

>>There is no clarity in the mailer they sent, just mentioned first txn and 1k. 30 days period limit is also not mentioned.
Correct !!! IDFC be like I Don't Feel for Customer. This is the main reason I joined this forum to understand IDFC's cryptic things.

Thank you very much!

 

[HumorSimpson]

I am aiming for the cc for bms BOGO offer. Select cc bms BOGO offer is useless. I didn't know about the 1.6% value back for jewelry purchase. Good one I feel. I can then throw away my paid tata neu infinity card

Don't throw Tata Neu. For edu fee it rewards.

 

[aparnahm]

Don't throw Tata Neu. For edu fee it rewards.

Really? Should it be pos or UPI or online txn? Thanks a bunch @HumorSimpson for the revelation.

 

[moneyMaker]

I haven't read the entire thread so pl. ignore my ignorance but

I have IDFC wealth CC, and getting whatsapp notifications for IDFC 0 MAB account.

is there a way to upgrade that to Wealth (... 0 MAB?) by doing some funding requitement?

 

[theflash]

Well they replied and told 5L is required 🤣

Call is better

 

[HumorSimpson]

Really? Should it be pos or UPI or online txn? Thanks a bunch @HumorSimpson for the revelation.

Both are ok and give 1.5%. The obvious 500 coin limit still exists on UPI. Online payment must be thru school website only, 3rd party apps give 0 rewards .
Note : All HDFC personal cc cards still reward edu and gold.

 

[HumorSimpson]

I haven't read the entire thread so pl. ignore my ignorance but

I have IDFC wealth CC, and getting whatsapp notifications for IDFC 0 MAB account.

is there a way to upgrade that to Wealth (... 0 MAB?) by doing some funding requitement?

You are in luck. @SSV can guide you.

 

[SSV]

I haven't read the entire thread so pl. ignore my ignorance but

I have IDFC wealth CC, and getting whatsapp notifications for IDFC 0 MAB account.

is there a way to upgrade that to Wealth (... 0 MAB?) by doing some funding requitement?

You are in luck. @SSV can guide you.

You can find all the details here ..

Post in thread 'IDFC First Wealth Account eligibility requirement and benefits'

Jan 17, 2024

now once you opt for this and in the future if you want to maintain 10 lakhs for wealth upgrade then it would be difficult i think cause I'm waiting for 3 month (maintaining the required amount to be maintained for wealth upgrade) to be over so i can request again (even though i had a word with someone from nearest branch say sir we need 75 lakhs for wealth upgrade). so thought i should let you know.

i think it asks but it is optional so yeah head over in your free time to the nearest IDFC branch and have a word with them.

I have opened the 0 MAB IDFC first account...

• SSV

• 
• 

.
.

 

[leonneel]

Call is better

imma add my acct to family banking then make my acct wealth too then try to get wealth cc....my existing select cc limit is 3.3L

 

[theflash]

imma add my acct to family banking then make my acct wealth too then try to get wealth cc....my existing select cc limit is 3.3L

K k k

 

[leonneel]

K k k

so after my wifes dealth acct upgrade and grouping my acct got my acct upgraded to wealth as well. now question is how can my wifes and mine cc get upgraded to wealth? my wife hold idfc millenia 45 k limit and i hold select 3.3L limit. contacted customer care they said existing cc limit 5L needed for wealth cc upgrade.

 

[theflash]

so after my wifes dealth acct upgrade and grouping my acct got my acct upgraded to wealth as well. now question is how can my wifes and mine cc get upgraded to wealth? my wife hold idfc millenia 45 k limit and i hold select 3.3L limit. contacted customer care they said existing cc limit 5L needed for wealth cc upgrade.

Wife's CC won't be possible until LE,

Coming back to your CC call again and tell them you want wealth CC upgrade basis your wealth account relationship. They'll process it if not try calling again until request is taken.

 

[leonneel]

Wife's CC won't be possible until LE,

Coming back to your CC call again and tell them you want wealth CC upgrade basis your wealth account relationship. They'll process it if not try calling again until request is taken.

But mine cc limit 3.3L and not 5L....also I read somewhere after wealth acct upgrade 3 months grace period needed for wealth cc upgrade...is it true?

 

[theflash]

But mine cc limit 3.3L and not 5L....also I read somewhere after wealth acct upgrade 3 months grace period needed for wealth cc upgrade...is it true?

See lemme tell you my story...

I got Wealth Account in May ending it was fully active by June 1st week.

I initially applied for Wealth CC was shown 4.95L Limit and the application was rejected at a later stage due to some issues.

I finally applied for the last time sept ending and was shown Select with 3L limit I took the card solely due to LTF and could come handy for Instant discounts. The application crossed deadline for approval I contacted the customer care I was told we have raised a request you'll get reply within next few days. After 3-4 days of the request it was October 1st week mostly and I got a verification call I gave all the info asked and the card was approved after few mins. Meanwhile the card approval I had asked customer care regarding Select to Wealth upgrade basis account, I was told that it's possible minimum required limit on existing card should be ₹1L. After my card approval I instantly called customer care to give this request even before the card delivery. After the request was taken within 2-3 days the Select card was delivered I spent 5k for welcome bonus and everything and was waiting for the Upgrade request decision I was told it takes 7 days to be approved or rejected. After 7 days the request was approved and I was able to see Wealth CC in app which I activated and I was told for 30/45 days the Select CC will be active post that it'll be closed. And I got Wealth CC + DF Card delivered. So here's my experience you can try calling accordingly. All my communications were through call only no mails nothing!

 

[EnthuCC]

But mine cc limit 3.3L and not 5L....also I read somewhere after wealth acct upgrade 3 months grace period needed for wealth cc upgrade...is it true?

My Select card limit was about same as yours. After account Wealth upgrade I requested for credit card upgradation on call and they upgraded it after few days. My Wealth CC has same limit till today.

 

[leonneel]

See lemme tell you my story...

I got Wealth Account in May ending it was fully active by June 1st week.

I initially applied for Wealth CC was shown 4.95L Limit and the application was rejected at a later stage due to some issues.

I finally applied for the last time sept ending and was shown Select with 3L limit I took the card solely due to LTF and could come handy for Instant discounts. The application crossed deadline for approval I contacted the customer care I was told we have raised a request you'll get reply within next few days. After 3-4 days of the request it was October 1st week mostly and I got a verification call I gave all the info asked and the card was approved after few mins. Meanwhile the card approval I had asked customer care regarding Select to Wealth upgrade basis account, I was told that it's possible minimum required limit on existing card should be ₹1L. After my card approval I instantly called customer care to give this request even before the card delivery. After the request was taken within 2-3 days the Select card was delivered I spent 5k for welcome bonus and everything and was waiting for the Upgrade request decision I was told it takes 7 days to be approved or rejected. After 7 days the request was approved and I was able to see Wealth CC in app which I activated and I was told for 30/45 days the Select CC will be active post that it'll be closed. And I got Wealth CC + DF Card delivered. So here's my experience you can try calling accordingly. All my communications were through call only no mails nothing!

So I called customer care and they told there 2 way to get wealth cc even if u hold wealth acct. 1, 36L yearly income with proof. 2. Pre approved. And I wasn't eligible for pre approved so they asked for income proof which I couldn't give so waiting for pre approved for both wife and mine.