Unfortunately this deal has expired

# Pay other Credit Card dues by transferring them to IDFC FIRST BANK Credit Card @1% +10X-reward-points

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bohemian

User specific

https://my.idfcfirstbank.com/dl/5de99d84-2212-4...

Terms

illustration
if you transfer 50000
fee +gst = 590

Rewards @ 10x = 5000 = worth 1250

Total Profit = 1250 – 590 = 660.

+ pay IDFC credit card bill with IDFC debit card with 1% cashback = 500

Total profit = 660+500 = 1160

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procedure pls

What will be the benefit?

procedure pls

+1

Should i get one?? It’s pre-approved for me

rohant wrote:

Should i get one?? It’s pre-approved for me

Yes. Its LTF. get it

rockybonanza wrote:

What will be the benefit?

Processing + GST charges

rockybonanza wrote:

What will be the benefit?

if you transfer 50000
fee +gst = 590

Rewards @ 10x = 5000 = worth 1250

Total Profit = 1250 – 590 = 660.

+ pay IDFC credit card bill with IDFC debit card with 1% cashback = 500

Total profit = 660+500 = 1160

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bohemian wrote:

if you transfer 50000
fee +gst = 590

Rewards @ 10x = 5000 = worth 1250

Total Profit = 1250 – 590 = 660.

+ pay IDFC credit card bill with IDFC debit card with 1% cashback = 500

Total profit = 660+500 = 1160

Rewards are confirmed?

Are you sure you get reward points for balance transfer??? I doubt that it will be so.

littlechartered wrote:

Are you sure you get reward points for balance transfer??? I doubt that it will be so.

its a offer by bank specific on balance transfer. Read t&c carefully. offer valid only on 1 transfer till 31st oct

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bohemian wrote:

its a offer by bank specific on balance transfer. Read t&c carefully. offer valid only on 1 transfer till 31st oct

Correct. Any upper limit?

Isn’t the 10X rewards applicable on spends above 20k…so in reality he would get 6X on 20k and 10X on remaining 30k assuming he hasn’t spend a penny on his card.
Rewards on 20k = 1200
Rewards on 30k = 3000
Total = 4200
Cash/ Voucher value = 4200/4 = 1050
Net profit = 1050 – 590 = 460

rohant wrote:

Isn’t the 10X rewards applicable on spends above 20k…so in reality he would get 6X on 20k and 10X on remaining 30k assuming he hasn’t spend a penny on his card.
Rewards on 20k = 1200
Rewards on 30k = 3000
Total = 4200
Cash/ Voucher value = 4200/4 = 1050
Net profit = 1050 – 590 = 460

no , on balance transfer amount during offer , it will be flat 10×.

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kshmr wrote:

Correct. Any upper limit?

not mentioned . so I think no upper limit

wow! interesting

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bohemian wrote:

its a offer by bank specific on balance transfer. Read t&c carefully. offer valid only on 1 transfer till 31st oct

So it’s only on 1st balance transfer txn? Is there any upper limit on 10x points?

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bohemian wrote:

not mentioned . so I think no upper limit

Upper limit is 60% of your available credit limit on IDFC card.

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netrafter wrote:

Upper limit is 60% of your credit limit on IDFC card.

I think it was question for reward points.

The amount transferred will be added to cc as a trnx right,so i will need to pay based on stmt due date to idfc cc?

RSHARMA966 wrote:

The amount transferred will be added to cc as a trnx right,so i will need to pay based on stmt due date to idfc cc?

Yes. dues transferred will be added to statement and payable by due date or next statement

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sardasa wrote:

So it’s only on 1st balance transfer txn? Is there any upper limit on 10x points?

Yes
Not mentioned

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bohemian wrote:

Yes. dues transferred will be added to statement and payable by due date or next statement

Thnx for info

whats the effect of balance transfer on CIBIL?