Idfc select v hdfc platinum dc for max cashback

[yogobit]

So if I've 99178 cumulative credit card bill payments to be made in December which DC would give me more cash on being redeemed

Idfc first select DC or hdfc platinum DC

Gateway used SBI unipay

 

[Vasuki]

Idfc gives voucher
Hdfc is cashback

Go with idfc

 

[HumorSimpson]

Refer this

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

• 
• 

so you have ~99K bill

paying with idfc select gives
for the first 50K
IDFC Select - 3X = 0.5% = 250 INR
for the next 49K
IDFC Select - 10X = 2.5% = 1225INR
pay approx 100 rs as bill payment from your account it gives 250 points

so with idfc you get 1225+250+(250/4) = 1537.5 worth agv. Even if you account ~118 redemption charges, its way above plat dc's 750 pm

 

[yogobit]

So paying

Refer this

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

• 
• 

so you have ~99K bill

paying with idfc select gives
for the first 50K
IDFC Select - 3X = 0.5% = 250 INR
for the next 49K
IDFC Select - 10X = 2.5% = 1225INR
pay approx 100 rs as bill payment from your account it gives 250 points

so with idfc you get 1225+250+(250/4) = 1537.5 worth agv. Even if you account ~118 redemption charges, its way above plat dc's 750 pm

Thank you souch fir the beautiful in depth calculative explanation

₹100 first bill payment gives 250 points? Oh I thought minimum ₹500
One more thing, 89000 out of 98000 is Amex cc bill.
Any place where I can pay amex bill using DC & get DC rewards?

 

[HumorSimpson]

So paying

Thank you souch fir the beautiful in depth calculative explanation

₹100 first bill payment gives 250 points? Oh I thought minimum ₹500
One more thing, 89000 out of 98000 is Amex cc bill.
Any place where I can pay amex bill using DC & get DC rewards?

₹100 first bill payment gives 250 points?
>>> this is first bill of the month in the app. gets paid via your account and is not related to DC at all.

One more thing, 89000 out of 98000 is Amex cc bill.
>>> No idea. I am free from amex clutches.



I only have visa, rupay ccs and canara setu worked flawless

 

[ujjwal2024]

₹>>> No idea. I am free from amex clutches.

+1 for this...one less problem...

 

[Vasuki]

₹100 first bill payment gives 250 points?
>>> this is first bill of the month in the app. gets paid via your account and is not related to DC at all.

One more thing, 89000 out of 98000 is Amex cc bill.
>>> No idea. I am free from amex clutches.



I only have visa, rupay ccs and canara setu worked flawless

Even 1 rs bro

 

[yogobit]

Y

₹100 first bill payment gives 250 points?
>>> this is first bill of the month in the app. gets paid via your account and is not related to DC at all.

One more thing, 89000 out of 98000 is Amex cc bill.
>>> No idea. I am free from amex clutches.



I only have visa, rupay ccs and canara setu worked flawless I'm aware

₹100 first bill payment gives 250 points?
>>> this is first bill of the month in the app. gets paid via your account and is not related to DC at all.

One more thing, 89000 out of 98000 is Amex cc bill.
>>> No idea. I am free from amex clutches.



I only have visa, rupay ccs and canara setu worked flawless

Yes I'm aware that it is directly paid from bank account
But I'm just clarifying you've received 250 points by paying just ₹100 credit card bill?

I was paying at least ₹1000 & last time tried paying ₹500 & did get 250 points
But never tried paying just ₹100

Also I've to pay ₹8600 axis cc bill today last date
So if I pay ₹100 manually
Then if I go to sbiunipay will it show ₹8500 to pay?
Will it allow me to manually pay ₹8500 remaining balance?

 

[sourpai]

So paying

Thank you souch fir the beautiful in depth calculative explanation

₹100 first bill payment gives 250 points? Oh I thought minimum ₹500
One more thing, 89000 out of 98000 is Amex cc bill.
Any place where I can pay amex bill using DC & get DC rewards?

If Amex is 89K out of 98K then all DCs are useless for you. Except SBI DC

Amex can't be paid on SBI Unipay

 

[HumorSimpson]

I was paying at least ₹1000 & last time tried paying ₹500 & did get 250 points
But never tried paying just ₹100

I did just 100 last month and got it

 

[HumorSimpson]

Even 1 rs bro

Even @D₹V (Do ₹upya Vai ) got devalued to half ?

 

[AlgoTrader]

Refer this

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

• 
• 

so you have ~99K bill

paying with idfc select gives
for the first 50K
IDFC Select - 3X = 0.5% = 250 INR
for the next 49K
IDFC Select - 10X = 2.5% = 1225INR
pay approx 100 rs as bill payment from your account it gives 250 points

so with idfc you get 1225+250+(250/4) = 1537.5 worth agv. Even if you account ~118 redemption charges, its way above plat dc's 750 pm

how did i miss this all this time :S

 

[HumorSimpson]

how did i miss this all this time :S

 

[AlgoTrader]

Refer this

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

• 
• 

so you have ~99K bill

paying with idfc select gives
for the first 50K
IDFC Select - 3X = 0.5% = 250 INR
for the next 49K
IDFC Select - 10X = 2.5% = 1225INR
pay approx 100 rs as bill payment from your account it gives 250 points

so with idfc you get 1225+250+(250/4) = 1537.5 worth agv. Even if you account ~118 redemption charges, its way above plat dc's 750 pm

one question, if 3X = 0.5%, then 10X = 1.66%, right, how would we get 2.5% ? , we will get only 1066 points for 99K payment, right?

 

[AlgoTrader]

and this part is confusing from the website

10X reward points for every Rs. 150 spent via debit card on incremental monthly spends above Rs. 50,000 in a month
Applicable for monthly spends above Rs. 50,000 for FIRST Select on every Rs. 100, above Rs. 50,000 for FIRST Wealth on every Rs. 100 and above Rs. 50,000 for FIRST Private on every Rs. 100 (w.e.f. 1st December 2023).

In header it says 10X for every 150, below that they mentioned 10x for each 100

 

[HumorSimpson]

one question, if 3X = 0.5%, then 10X = 1.66%, right, how would we get 2.5% ? , we will get only 1066 points for 99K payment, right?

Till 50K its point per 150 and after that its per 100.

 

[AlgoTrader]

Till 50K its point per 150 and after that its per 100.

cool, thanks bro

 

[Axelblaze]

Following for info