IDFC Bank Credit Card devalued - 1% extra charges on Utility spend category

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Last Comment 2024-04-07

IDFC First Bank Offers

abhishek012

2024-04-01

IDFC First Bank Credit Card devalued - 1% extra charges on Utility spend category:

MITC: https://www.idfcfirstbank.com/MI...df

Fair usage on Utility Spends ***

(MCC 4814: TELECOMMUNICATIONS MCC 4900: ELECTRIC, GAS, HEATING OIL, SANITARY, WATER
MCC 4816: COMPUTER NETWORK
MCC 4899: CABLE AND OTHER PAY TELEVISION SERVICES)

Aggregate utility spends below ₹20,000 in a statement cycle - NIL surcharge

Aggregate utility spends above ₹20,000 in a statement cycle - 1% surcharge on aggregate utility transaction value in a statement cycle

utility

#Utility surcharges do not apply to the FIRST Private Credit Card, LIC Classic Credit Card, and LIC Select Credit Card.

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Top Comments

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988061

rusty.james

2024-04-01

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1 sec

1 minutes

1 hour

1 day

1 year

Cant you see even our life is getting devaluated ?

Aur aap credit card per ruke huye ho ?

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9987226

abhishek012

2024-04-01

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This is a very good step, hope other banks will follow and also charge 1% on wallet spend and education spend.

Flipkart like ecom site also use education and wallet merchant category.

Now imagine, you purchased AC, TV etc. worth Rs 30,000 from Flipkart and merchant category tag wallet.

There will be no problem for you to pay Rs 300 extra but think about it how profitable will it be for the banks. If each customer will pay 1% extra.

Then gradually banks will start charging 1% on all merchant categories.

The customer will not have any problem in paying 1% extra in the long run.

This will be a win-win for everyone.

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988365

DEEPANGEORGE

2024-04-01

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Then people will return to use Bank accounts for payment lol and Wallets will be ditched xD hehehee

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https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9987226

abhishek012

2024-04-01

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https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988365

DEEPANGEORGE

2024-04-01

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Then people will return to use Bank accounts for payment lol and Wallets will be ditched xD hehehee

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https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9987360

mojo_jojo123

2024-04-01

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how about IDFC Wealth education payment and government payment - still no surcharge and regular reward ?

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988065

Random123

2024-04-01

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Screenshot2024-04-01at6.03.57PM

Comparison for before and after for Wealth

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9987428

deep_

2024-04-01

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Yes Bank also followed the same. 1% charge on Utility MCC.

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988681

TEMPER

2024-04-01

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with yes bank rupay upi txns on utility Mcc also charges 1% bro?

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harish90

2024-04-01

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Valid on upi payments too?

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988056

gpsuraj

2024-04-01

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Fog ad:
Kya chal raha hai
Me: credit card BENEFITS devaluations🤦🏻‍♂️ cry

by every card issuers
Latest: IDFC first select credit card

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988061

rusty.james

2024-04-01

Link Copied

1 sec

1 minutes

1 hour

1 day

1 year

Cant you see even our life is getting devaluated ?

Aur aap credit card per ruke huye ho ?

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988076

gpsuraj

2024-04-01

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🏻

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https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988063

Random123

2024-04-01

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Millennia

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/MillenniaCVP.pdf

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/MillenniaCVP-1.pdf

Classic

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/ClassicCVP.pdf

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/ClassicCVP-1.pdf

Select

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/SelectCVP.pdf

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/SelectCVP-1.pdf

Wealth

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/WealthCVP.pdf

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/pdf/cvp/WealthCVP-1.pdf

https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988141

abhishek012

2024-04-01

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Yeh bhi devalue hai hai.

Wealth card - Revised - 3X means 3 Reward Points per ₹150 spent

Select Card - Revised - 3X means 3 Reward Points per ₹150 spent

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https://www.desidime.com/discussions/idfc-bank-credit-card-devalued-1-extra-charges-on-utility-spend-category?page=1#post_9988523

Sidhi.Baat.No.Bakwas

2024-04-01

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Utility par hi to jinda hai cc market..double dip loss hoga. Ek to platform charge karega duwra card.. why someone pay with loss.. instead they use acc money..