New to IDFC First Bank Wealth Debit Card - How to fully utilize it?

[sahil1033]

I recently got upgraded to IDFC First Bank's Wealth banking programme. I've activated the Wealth DC as well and I'm completely new to FIRST Rewards.

I've a few doubts though, requesting your assistance in this regard.

8,000 RP for first ever transaction above Rs. 1,000
Q: Is it applicable for Rs. 1,001 and above or even Rs. 1,000 will do? Also, what's the best possible way to utilize this offer? I was thinking of purchasing Amazon Pay Gift Card from Amazon worth Rs. 1,000 since I don't have a four-wheeler, else would've surely fuelled up for Rs. 1k. I'm looking for a way to spend Rs. 1k where anyway there's low reward rate and I do have SBI Cashback CC for purchasing Amazon Pay GC but if I don't find anything better, I'll buy that only.

250 RP for first bill payment via mobile banking / internet banking every month
Q: I could see that there's credit card bill payments option in mobile banking but CC bill payments comes under exclusion list for fetching RPs, so, what's the best way in this category again? I've about 6 RuPay Platinum DCs, so, electricity bill, prepaid mobile recharges are well handled at 20% off upto Rs. 100 and I don't have DTH connection or water bill to pay. Please suggest.

4X RP per Rs. 150 spent online
Q: What are the other places where this DC can be used to earn points for online transactions? It'll give 4X points, so, that would be approximately 0.67% reward rate, at least better than SBI DC's 0.25% reward rate.

Reward points validity?
Q: Are the points valid for lifetime just like Wealth CC ?? If yes, that would be good as I'll redeem at one go when needed to minimize loss via redemption fee levied at Rs. 99 + 18% GST.

10X RP (at 1 RP / Rs. 100) on crossing threshold amount of Rs. 50k
Q: After crossing spends of Rs. 50k, does it mean that RPs will be credited as 10X per Rs. 100 spent as opposed to Rs. 150 spent? If that's the case, it means 2.5% reward rate which is good. Also, is this spend counted in a calendar month and refreshes on day 1 of next calendar month?

Anything else you would like to enlighten me upon, please do so. TIA.

 

[Cc_creditguy]

Just do any transaction above 1k
In Amazon idk now they are giving rp for gc purchase,
Rp validity is for life time
Above 50k spends u get 10x of 150 spend
U'll get more than 2% so it's good one

 

[SSV]

I recently got upgraded to IDFC First Bank's Wealth banking programme. I've activated the Wealth DC as well and I'm completely new to FIRST Rewards.

I've a few doubts though, requesting your assistance in this regard.

8,000 RP for first ever transaction above Rs. 1,000
Q: Is it applicable for Rs. 1,001 and above or even Rs. 1,000 will do? Also, what's the best possible way to utilize this offer? I was thinking of purchasing Amazon Pay Gift Card from Amazon worth Rs. 1,000 since I don't have a four-wheeler, else would've surely fuelled up for Rs. 1k. I'm looking for a way to spend Rs. 1k where anyway there's low reward rate and I do have SBI Cashback CC for purchasing Amazon Pay GC but if I don't find anything better, I'll buy that only.

250 RP for first bill payment via mobile banking / internet banking every month
Q: I could see that there's credit card bill payments option in mobile banking but CC bill payments comes under exclusion list for fetching RPs, so, what's the best way in this category again? I've about 6 RuPay Platinum DCs, so, electricity bill, prepaid mobile recharges are well handled at 20% off upto Rs. 100 and I don't have DTH connection or water bill to pay. Please suggest.

4X RP per Rs. 150 spent online
Q: What are the other places where this DC can be used to earn points for online transactions? It'll give 4X points, so, that would be approximately 0.67% reward rate, at least better than SBI DC's 0.25% reward rate.

Reward points validity?
Q: Are the points valid for lifetime just like Wealth CC ?? If yes, that would be good as I'll redeem at one go when needed to minimize loss via redemption fee levied at Rs. 99 + 18% GST.

10X RP (at 1 RP / Rs. 100) on crossing threshold amount of Rs. 50k
Q: After crossing spends of Rs. 50k, does it mean that RPs will be credited as 10X per Rs. 100 spent as opposed to Rs. 150 spent? If that's the case, it means 2.5% reward rate which is good. Also, is this spend counted in a calendar month and refreshes on day 1 of next calendar month?

Anything else you would like to enlighten me upon, please do so. TIA.

I dont want to spoil your party..
there is nothing much excited about IDFC Welath DC or CC these days ..
have fun though.....

 

[AlgoTrader]

what is the criteria for upgrade to wealth?

 

[EnthuCC]

You can buy digital gold

 

[snike1792]

250 RP for first bill payment via mobile banking / internet banking every month
Q: I could see that there's credit card bill payments option in mobile banking but CC bill payments comes under exclusion list for fetching RPs, so, what's the best way in this category again?

I pay cc bill of 100 every month via idfc bill pay and get 250 rps. Getting this every month so for more than a year now.

 

[Vasuki]

I recently got upgraded to IDFC First Bank's Wealth banking programme. I've activated the Wealth DC as well and I'm completely new to FIRST Rewards.

I've a few doubts though, requesting your assistance in this regard.

8,000 RP for first ever transaction above Rs. 1,000
Q: Is it applicable for Rs. 1,001 and above or even Rs. 1,000 will do? Also, what's the best possible way to utilize this offer? I was thinking of purchasing Amazon Pay Gift Card from Amazon worth Rs. 1,000 since I don't have a four-wheeler, else would've surely fuelled up for Rs. 1k. I'm looking for a way to spend Rs. 1k where anyway there's low reward rate and I do have SBI Cashback CC for purchasing Amazon Pay GC but if I don't find anything better, I'll buy that only.

250 RP for first bill payment via mobile banking / internet banking every month
Q: I could see that there's credit card bill payments option in mobile banking but CC bill payments comes under exclusion list for fetching RPs, so, what's the best way in this category again? I've about 6 RuPay Platinum DCs, so, electricity bill, prepaid mobile recharges are well handled at 20% off upto Rs. 100 and I don't have DTH connection or water bill to pay. Please suggest.

4X RP per Rs. 150 spent online
Q: What are the other places where this DC can be used to earn points for online transactions? It'll give 4X points, so, that would be approximately 0.67% reward rate, at least better than SBI DC's 0.25% reward rate.

Reward points validity?
Q: Are the points valid for lifetime just like Wealth CC ?? If yes, that would be good as I'll redeem at one go when needed to minimize loss via redemption fee levied at Rs. 99 + 18% GST.

10X RP (at 1 RP / Rs. 100) on crossing threshold amount of Rs. 50k
Q: After crossing spends of Rs. 50k, does it mean that RPs will be credited as 10X per Rs. 100 spent as opposed to Rs. 150 spent? If that's the case, it means 2.5% reward rate which is good. Also, is this spend counted in a calendar month and refreshes on day 1 of next calendar month?

Anything else you would like to enlighten me upon, please do so. TIA.

Loot lo 50k points this month only
Kal phir ho na ho

 

[sahil1033]

what is the criteria for upgrade to wealth?

Keep Rs. 10L in savings account and either ask your RM to upgrade (which I did) or auto trigger can happen in 3 months or so

 

[sahil1033]

You can buy digital gold

not worth it, I'm much happier buying SGBs 🙂

 

[sahil1033]

I dont want to spoil your party..
there is nothing much excited about IDFC Welath DC or CC these days ..
have fun though.....

not happy happy because I already have Wealth CC and I extracted max. value from it by April 2024 before devaluation but since Wealth DC has something to offer, why not make the most out of it 😇

 

[sahil1033]

I pay cc bill of 100 every month via idfc bill pay and get 250 rps. Getting this every month so for more than a year now.

thanks, bill has to be paid via IDFC mobile banking app using Wealth DC, correct?

 

[sahil1033]

Loot lo 50k points this month only
Kal phir ho na ho

haha, for gaining 50k points, I can't even calculate how much I've to spend

for now, targeting initial 8k points and 250 points for bill payment

 

[snike1792]

thanks, bill has to be paid via IDFC mobile banking app using Wealth DC, correct?

Not wealth DC. With your savings account

 

[leonneel]

Loot lo 50k points this month only
Kal phir ho na ho

30k points for select, I got select, there was a post explaining how much should I spend to get that 30k for select and 50k for wealth rp.
I'm looking for tat post.

 

[Vasuki]

30k points for select, I got select, there was a post explaining how much should I spend to get that 30k for select and 50k for wealth rp.
I'm looking for tat post.

3.5
&5.5
.

 

[sahil1033]

Purchased Amazon Pay Gift Card from Amazon worth Rs. 1,001. I know that the reward points is credited in 14 days but someone had posted that the points are visible on the website prior to being credited, by when does this happen?

Also, for transactions done via debit card, there's no way to find out MCC, it works only in case of credit card transactions.

 

[pgarg24]

30k points for select, I got select, there was a post explaining how much should I spend to get that 30k for select and 50k for wealth rp.
I'm looking for tat post.

Here you go

https://www.technofino.in/community/threads/idfc-first-bank-launched-its-debit-card-reward-system.7394/page-169#post-582909

 

[BVCBVC is verified member.]

Does paying CC bill on SBI unipay using Wealth DC gives rewards??



Is this still valid??

 

[Vasuki]

Does paying CC bill on SBI unipay using Wealth DC gives rewards??

View attachment 56378

Is this still valid??

Y e s

Purchased Amazon Pay Gift Card from Amazon worth Rs. 1,001. I know that the reward points is credited in 14 days but someone had posted that the points are visible on the website prior to being credited, by when does this happen?

Also, for transactions done via debit card, there's no way to find out MCC, it works only in case of credit card transactions.

Bro for redemption it's 14 days from transaction

It can be credited anywhere between 3days post transaction to 45 days .

 

[quino]

I pay cc bill of 100 every month via idfc bill pay and get 250 rps. Getting this every month so for more than a year now.

why 100 and not 1? is there a min. cc bill amount for getting the 250rps?

and is it credited within 14 days, or like at the end of month or something.