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.

 

[snike1792]

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.

Sure you can try with 1 and let us know. Nothing mentioned about minumum but i try with 100 for simplicity.

As per tnc it says 14 days but it gets credited before that

 

[Vasuki]

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.

Lol went and paid 1 rs to cc 😂

 

[quino]

Lol went and paid 1 rs to cc 😂

already did that in the afternoon 🤣. just asked for confirmation

 

[imraj]

Y e s

Bro for redemption it's 14 days from transaction

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

U sure it's 3.5 lacs for select dc? Somebody told it's exactly 3.4 lacs
Please re confirm the exact amount once

 

[Vasuki]

U sure it's 3.5 lacs for select dc? Somebody told it's exactly 3.4 lacs
Please re confirm the exact amount once

Do 3.4 lakh
If u get less points do 10k more
@varun__goel_

 

[imraj]

Do 3.4 lakh
If u get less points do 10k more
@varun__goel_

One more thing
These 30K rp = how much Rs?
And what's the best option for redemption
I see it's 99+gst charged
So we should accumulation for long term?

 

[Vasuki]

One more thing
These 30K rp = how much Rs?
And what's the best option for redemption
I see it's 99+gst charged
So we should accumulation for long term?

4k =1 k rs ( amazon gv )

Don't accumulate much else they are notorious for blocking rewards too
So better loot till it last
Don't get easy
F**k them 10 lakh worth of transaction get points
Move on

 

[xxScriptzxx]

4k =1 k rs ( amazon gv )

Don't accumulate much else they are notorious for blocking rewards too
So better loot till it last
Don't get easy
F**k them 10 lakh worth of transaction get points
Move on

On doing transaction above 20k, the points are not credited on time

 

[Vasuki]

On doing transaction above 20k, the points are not credited on time

They are .
I did transaction on 1st got points by 5th

 

[imraj]

4k =1 k rs ( amazon gv )

Don't accumulate much else they are notorious for blocking rewards too
So better loot till it last
Don't get easy
F**k them 10 lakh worth of transaction get points
Move on

They charge fees also na for redemption. So better to redeem it after 6 months gap

 

[Vasuki]

They charge fees also na for redemption. So better to redeem it after 6 months gap

Aapke points aapki marzi

 

[ritwik2000]

Lol went and paid 1 rs to cc 😂

same here did a 1rs bill payment. let's see

 

[Dragon_slayer]

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.

Hi, does it work for one payment per month, or we can do it multiple times for different credit card?

 

[Vasuki]

Hi, does it work for one payment per month, or we can do it multiple times for different credit card?

Pay 1 rs to cc once a month

 

[Dragon_slayer]

Pay 1 rs to cc once a month

Ok, for some reason is not working for Magnus CC payment ( Mastercard )

 

[PSPSP]

Does anyone know if IDFC charges any fee for ATM withdrawal outside India? I know there would be a 2%+GST forex markup, but anything other than that.

 

[ChurningNoob]

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

Why do you say this? I just open IDFC Wealth banking after reading thread about paying CC using this DC

 

[quino]

Sure you can try with 1 and let us know.

already did that in the afternoon 🤣. just asked for confirmation

so, received the RPs guys. EZ money.

 

[cc_dc_explorer]

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.

Can you let us know which 6 Platinum DC you have ? What are the charges ? Which ones are easier to get ? TIA

 

[supperman]

I've a couple of queries on IDFC Wealth :

1. For the credit of 8K reward points on transaction of 1K, I purchased an amazon Pay voucher of INR 1001. What caused some concern was that the merchant was listed as Amazon Pay India Private. Wound this be an eligible transaction for getting the reward points?

2. I've 2 separate accounts which are in First Wealth, same customer ID though. Got 2 Wealth cards, one for each account. Are both likely to get 8k reward points, if I make 2 eligible transactions, one with each card?

Will appreciate any assistance. Thanks.