Unfortunately this deal has expired
Hot Deal
Pay other Credit Card dues by transferring them to IDFC FIRST BANK Credit Card @1% +10X-reward-points

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

851°
Deal Lieutenant
bohemian

User specific

Link for transfer

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

Terms

http://www.idfcfirstbank.com/personal-banking/t...

https://cdn0.desidime.com/attachments/photos/718993/medium/10X-Reward-Points.jpg?1634398187

https://cdn0.desidime.com/attachments/photos/718994/medium/IMG_20211016_210749.jpg?1634398704

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

Expired
94 Comments  |  
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Deal Subedar Deal Subedar
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procedure pls

Deal Newbie Deal Newbie
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What will be the benefit?

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

Deal Lieutenant Deal Lieutenant
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rohant wrote:

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

Yes. Its LTF. get it

Deal Cadet Deal Cadet
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rockybonanza wrote:

What will be the benefit?

Processing + GST charges joy

Deal Lieutenant Deal Lieutenant
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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

Deal Subedar Deal Subedar
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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

2.32% net profit. Not bad.

Deal Subedar Deal Subedar
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Rewards are confirmed?

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

Deal Lieutenant Deal Lieutenant
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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

Deal Subedar Deal Subedar
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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?

Deal Cadet Deal Cadet
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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

Deal Lieutenant Deal Lieutenant
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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×.

Deal Lieutenant Deal Lieutenant
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kshmr wrote:

Correct. Any upper limit?

not mentioned . so I think no upper limit

Deal Cadet Deal Cadet
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wow! interesting sunglasses

Deal Subedar Deal Subedar
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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?

Deal Cadet Deal Cadet
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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.

Deal Lieutenant Deal Lieutenant
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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.

Deal Cadet Deal Cadet
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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?

Deal Lieutenant Deal Lieutenant
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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

Deal Lieutenant Deal Lieutenant
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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

Deal Cadet Deal Cadet
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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

Deal Subedar Deal Subedar
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whats the effect of balance transfer on CIBIL?

Deal Captain Deal Captain
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Balance transfer link not working.

Can anyone confirm?

Deal Captain Deal Captain
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nimod wrote:

whats the effect of balance transfer on CIBIL?

Nothing

Missing