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.

 

[sahil1033]

I'm thinking of paying partly with Wealth debit card for purchasing new car.

I had paid booking amount with Axis Bank Ace CC and found that MCC is 5511. Considering dealer is levying 1.3% extra, I'm hoping IDFC First Bank Wealth debit card would give reward points against this MCC.

Any thoughts? Please reply ASAP as I'll be doing this tomorrow morning only.

 

[HumorSimpson]

I'm thinking of paying partly with Wealth debit card for purchasing new car.

I had paid booking amount with Axis Bank Ace CC and found that MCC is 5511. Considering dealer is levying 1.3% extra, I'm hoping IDFC First Bank Wealth debit card would give reward points against this MCC.

Any thoughts? Please reply ASAP as I'll be doing this tomorrow morning only.

How much? Of late agvs are missing, so better drop the idea

 

[sahil1033]

How much? Of late agvs are missing, so better drop the idea

5.37L and 5.4L from 2 Wealth debit cards = 10.77L in total

For redemption, on certain online transactions, it gives the option to redeem reward points and pay for the transaction ... I'm thinking of redeeming it that way. I already have around 55k reward points but haven't redeemed any of it once yet.

 

[HumorSimpson]

5.37L and 5.4L from 2 Wealth debit cards = 10.77L in total

For redemption, on certain online transactions, it gives the option to redeem reward points and pay for the transaction ... I'm thinking of redeeming it that way. I already have around 55k reward points but haven't redeemed any of it once yet.

DC does not work that way

 

[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.

Can you check with customer care if your account appears under your wife's Wealth group ID (not account number). Branch says, joint account holders are not grouped to the primary account holder's family group. There is no concept of family grouping of joint account holders.
In other words,

• joint account holder appears under the primary account holder's account number as joint account holder
• joint account holder doesn't appear under primary account holder's family group ID
• joint account holder has a separate wealth customer ID and his/her wealth status can be seen only on his/her individual app

very confusing....

 

[REGIUS24]

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.

thank you dear technofino..would you please confirm if it is still working?

 

[REGIUS24]

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.

is it for wealth account or any account? mine is basic 10k mab account..thank u in advance.

 

[jyothisthaliath]

thank you dear technofino..would you please confirm if it is still working?

Working well. Got points in January 2025

 

[jyothisthaliath]

is it for wealth account or any account? mine is basic 10k mab account..thank u in advance.

I'm having Wealth account. But this reward is applicable for all accounts I believe

 

[nikhilv0303]

Hi all,

Small query
I’ve a joint account where my wife is primary and I’m secondary holder. Are welcome rewards and subsequent rewards given if I use my wealth debit ? Are these applicable only on primary holders wealth debit card?

 

[jyothisthaliath]

Hi all,

Small query
I’ve a joint account where my wife is primary and I’m secondary holder. Are welcome rewards and subsequent rewards given if I use my wealth debit ? Are these applicable only on primary holders wealth debit card?

Not sure about joint accounts, but my account is in family banking relationship with wife's account which had Wealth programme. Both of our DC got welcome reward seperately

 

[nikhilv0303]

Thanks for sharing.
but I’m guessing rules might be different for joint accounts
Could anyone pls help on how rewards behave for spends on wealth debit cards for joint account ?

 

[ontherocks]

Thanks for sharing.
but I’m guessing rules might be different for joint accounts
Could anyone pls help on how rewards behave for spends on wealth debit cards for joint account ?

Both joint wealth DC and primary wealth DC will get their benefits separately. It doesn't matter whether the wealth DC belongs to a joint holder or primary holder.

 

[Credit_Cards]

I'm having Wealth account. But this reward is applicable for all accounts I believe

Indeed it is

 

[nikhilv0303]

Both joint wealth DC and primary wealth DC will get their benefits separately. It doesn't matter whether the wealth DC belongs to a joint holder or primary holder.

Thank you. I’ll try using both for welcome RPs in that case