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.

 

[ontherocks]

It's a joint account but each has a unique customer ID and same account number. Each customer ID of wealth account eligible for debit card. The bank has to convert the customer ID to wealth and give the wealth debit card

As per the bank branch personnel, Wealth kit is one per account number and not one per customer id.

 

[quino]

Anyone got to for transactions after 4th nov? More than 14 working days... Anyone manually claimed?

no. 14 working days also not over. also 1 additional holiday in b/w maharashtra elections. so wait ig.

 

[KGSIPO]

As per the bank branch personnel, Wealth kit is one per account number and not one per customer id.

You can ask to convert your joint account ID to wealth and it has to be approved by joint holder. Then, the joint holder will be issued wealth debit card. I have a joint account with my wife and we both are having world debit cards.

As per the bank branch personnel, Wealth kit is one per account number and not one per customer id.

 

[gobsy]

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.

In idfc net banking/app there is not option to pay viad debit card. Only directly from bank account. Is it still valid?

 

[HumorSimpson]

In idfc net banking/app there is not option to pay viad debit card. Only directly from bank account. Is it still valid?

Yes. It's valid.

 

[gobsy]

Yes. It's valid.

But the amount is debited directly from bank account. I didn't have to enter debit card details any time during the payment process. So will I get 250 reward points in my wealth debit card.

 

[HumorSimpson]

But the amount is debited directly from bank account. I didn't have to enter debit card details any time during the payment process. So will I get 250 reward points in my wealth debit card.

Yes. You will receive in 2 working days

 

[AlgoTrader]

I haven't received 250 points for last 3 months, anyone else facing this issue?

 

[AllThatStuff]

I haven't received 250 points for last 3 months, anyone else facing this issue?

Make sure it's your 1st bill payment of the month...once happened to me also where I made a txn. using DC & then I paid a bill of 100... received no 250 points.

Since then simple rule, on 1st pay a bill of ₹100 & then 2nd onwards start other txns.!!

Hope this helps..

 

[AlgoTrader]

Make sure it's your 1st bill payment of the month...once happened to me also where I made a txn. using DC & then I paid a bill of 100... received no 250 points.

Since then simple rule, on 1st pay a bill of ₹100 & then 2nd onwards start other txns.!!

Hope this helps..

I generally do only 10 rupee fastag recharge, that's all. But there is rewards for last 3 months, did they update minimum txn amount to 100 recently?

 

[ontherocks]

You can ask to convert your joint account ID to wealth and it has to be approved by joint holder. Then, the joint holder will be issued wealth debit card. I have a joint account with my wife and we both are having world debit cards.

You meant, convert your joint account "customer ID" to Wealth?
Can the conversion be done only via branch?

 

[KGSIPO]

You meant, convert your joint account "customer ID" to Wealth?
Can the conversion be done only via branch?

My RM has done it

 

[cesc007]

I generally do only 10 rupee fastag recharge, that's all. But there is rewards for last 3 months, did they update minimum txn amount to 100 recently?

I think its 1000rs

 

[AlgoTrader]

w

I think its 1000rs

when it was changed?

 

[HumorSimpson]

w

when it was changed?

I did for 100 Rs a week ago and I did get 250 points

 

[cesc007]

w

when it was changed?

It depends on which account+ dc you are using

 

[jyothisthaliath]

10X RP (at 1 RP / Rs. 100) on crossing threshold amount of Rs. 50k
Q: Is this spend counted in a calendar month and refreshes on day 1 of next calendar month?

I want to know the same. Someone can please shed some info on this?

 

[HumorSimpson]

I want to know the same. Someone can please shed some info on this?

yes . From Day 1 to last day of the month. I did get for a txn done on 1st of the month. These are DCs not CCs , so nothing like settling time, and is instant.

 

[messi_10]

You can ask to convert your joint account ID to wealth and it has to be approved by joint holder. Then, the joint holder will be issued wealth debit card. I have a joint account with my wife and we both are having world debit cards.

Is there any benefit of having 2 debit cards?

Is reward points limit per debit card/ per custID or per account (primary/joint) ?

@Anindya98
@codenerd

 

[mohitkamboj007]

Has IDFC permanently removed Amazon Pay Voucher from Redeem Section?? Any other best way to redeem debit card points?