Devaluation IDFC Wealth Devaluation

[Shash]

Kindly note, some of the features and terms of your FIRST Wealth Credit Card will undergo changes with effect from 1st May 2024: Important update regarding your lifetime free FIRST Wealth Credit Card A lifetime free Credit Card loaded with benefits! Grab offers and discounts on your favourite brands every day of the week! EMIfy transactions and balances at low interest rates Enjoy Reward Points that are as good as cash, redeemable anywhere online Easily repay other bank’s outstanding dues and convert them to EMIs Always You First, IDFC FIRST Bank 1800 10 888 Click here to view updated MITC 1. Reward Points • Unlock 10X Reward Points fasterin a statement cycle on both online & offline spends above Rs. 20,000 • Reward points on online spends up to Rs. 20,000 in a statement cycle will be revised to 3X • Reward points on Education, Wallet load and Government services^ transactions will be revised to 3X. These transactions will no longer be part of 10X threshold calculation • 3X = 3 Reward Points per Rs. 150 spent 2. Buy one Get one movie offer • Will be revised up to Rs. 250 off twice per month 3. Complimentary visits to Airport Spas and Lounge • Total number of visits will continue to be 4 per quarter • Domestic airport lounges & spas visits will be capped to 2 per quarter • International airport lounges visits will be capped to 2 per quarter • Spend minimum Rs. 20,000 in a calendar month to activate lounge & spa benefits for next calendar month 4. Rent and Property Management Fee^ • 1% of transaction value will remain the same • It will be subject to a minimum of Rs. 249 per transaction 5. Fair usage on Utility Spends^ • 1X Reward Points on Utility spends will remain the same • 1% of transaction value will be levied as Utility fee on commercial usage • Commercial usage is defined as aggregate Utility spends > Rs.20,000 in a billing cycle o Illustration 1: Utility spends of Rs. 10,000 in a statement cycle will not attract a fee as it is below the threshold o Illustration 2: Utility spends of Rs. 30,000 in a statement cycle will attract a fee of Rs. 300 (1% fee) + taxes*

 

[drsel]

You'll see something like this, if you haven't spent 20K in the previous month.

View attachment 64839

If you meet the spend criteria, you'll see something like this

View attachment 64841

Thanks I only need the domestic Spa in Mumbai T2 international arrivals, because I have unlimited lounge access for domestic and international airports

 

[drsel]

Domestic airport lounges & spas visits will be capped to 2 per quarter, provided you spent 20000 in the previous month.

You can choose any one option--
2 Spa or
1 spa + 1 domestic lounge or
2 domestic lounge
any one of these three options

 

[BVCBVC is verified member.]

I just called customer care and as a wealth customer I got connected instantly without going through IVR
he confirmed that Rs 20000 is allowed for every category including wallet load, gold and jewellery, rent, insurance, utilities, fuel, Government, education

I guess then only cash withdrawal is exempted. Good we have fuel spends.

 

[BVCBVC is verified member.]

Domestic airport lounges & spas visits will be capped to 2 per quarter, provided you spent 20000 in the previous month.

You can choose any one option--
2 Spa or
1 spa + 1 domestic lounge or
2 domestic lounge
any one of these three options

But on the mail it's mentioned as 2 Spa and 2 Lounge not 2 Spa or 2 Lounge. I guess both will be there.

Even as per DF Website you can see:



Domestic Lounge it will show 5 on my screen because I added Wealth DC here (which has 3 lounge visits) so 5-3 = 2 Domestic Lounge access and 2 Domestic Spa access.

 

[BVCBVC is verified member.]

Thanks I only need the domestic Spa in Mumbai T2 international arrivals, because I have unlimited lounge access for domestic and international airports

DF has integrated all spend prerequisites for cards well. Axis Magnus, HDFC Millinea, IDFC cards are integrated with spend based access.

 

[drsel]

DF has integrated all spend prerequisites for cards well. Axis Magnus, HDFC Millinea, IDFC cards are integrated with spend based access.

I don't have any Dreamfolks card with Magnus burgundy

 

[drsel]

I guess then only cash withdrawal is exempted. Good we have fuel spends.

If you spend 20000 on insurance and then cancel the policy, will you still be eligible?

 

[drsel]

But on the mail it's mentioned as 2 Spa and 2 Lounge not 2 Spa or 2 Lounge. I guess both will be there.

Even as per DF Website you can see:

View attachment 64865

Domestic Lounge it will show 5 on my screen because I added Wealth DC here (which has 3 lounge visits) so 5-3 = 2 Domestic Lounge access and 2 Domestic Spa access.

Yes but if you do 2 spa, your domestic lounge will decrease to 3 (of your debit card only)

 

[BVCBVC is verified member.]

If you spend 20000 on insurance and then cancel the policy, will you still be eligible?

Ha ha needs to check 😂. Fuel spends or Wallet loads are better I think.

 

[BVCBVC is verified member.]

Yes but if you do 2 spa, your domestic lounge will decrease to 3 (of your debit card only)

Really 😲 😲 ? ?

 

[BVCBVC is verified member.]

I don't have any Dreamfolks card with Magnus burgundy

No No, I am saying that you can add Axis M4B or Vanilla Magnus on DF website and access the lounges. Last Qtr I haven't spent 50000 on Vanilla Magnus and now I am not getting access for lounges using my Vanilla Magnus.

 

[Hemang]

Ha ha needs to check 😂. Fuel spends or Wallet loads are better I think.

Bhai wallet reload through cc for lounge access only ?

 

[R@J]

Yes but if you do 2 spa, your domestic lounge will decrease to 3 (of your debit card only)

@BVC : @drsel is correct. Basis my experience, in IDFC Wealth CC - only railway lounge is a standalone entitlement..... rest others (spa, domestic lounge) are shared even if they may have different numbers.

adding to that use case- if you use 2 lounges, your domestic spa limit will be exhausted. @drsel correct me if I'm wrong

 

[R@J]

Also, any idea when is the Delhi T3 domestic Spa coming back on DF cards (ICICI Saphiro or IDFC) !!

 

[BVCBVC is verified member.]

@BVC : @drsel is correct. Basis my experience, in IDFC Wealth CC - only railway lounge is a standalone entitlement..... rest others (spa, domestic lounge) are shared even if they may have different numbers.

adding to that use case- if you use 2 lounges, your domestic spa limit will be exhausted. @drsel correct me if I'm wrong

So Add on usage will also exhaust right??

 

[BVCBVC is verified member.]

Also, any idea when is the Delhi T3 domestic Spa coming back on DF cards (ICICI Saphiro or IDFC) !!

They have told me that they have removed the complimentary access. I have asked them will they revive? They told they are not sure of the revival, for now they have removed they told. Keep us posted if there is any change. I am not a frequent traveler via Delhi Airport.

 

[R@J]

So Add on usage will also exhaust right??

Yes!!
I don't have add-on card on my IDFC, so no experience..... but I think it would definitely be counted in the primary cards quota!

 

[drsel]

Yes!!
I don't have add-on card on my IDFC, so no experience..... but I think it would definitely be counted in the primary cards quota!

I think it is only for primary car holder.
add on cannot use

 

[drsel]

@BVC : @drsel is correct. Basis my experience, in IDFC Wealth CC - only railway lounge is a standalone entitlement..... rest others (spa, domestic lounge) are shared even if they may have different numbers.

adding to that use case- if you use 2 lounges, your domestic spa limit will be exhausted. @drsel correct me if I'm wrong

Yes you are correct this was confirmed by the customer care

 

[cardio_guy]

I got a wealth credit card LTF offer today. It's too late but is it of any use taking it?