https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9513661
IDFC Debit Card Rewards Point devalue
IDFC Debit Card Rewards Point devalue:
Please note: Payment to Mutual Funds, Insurance, Financial Institutions, Security Brokers, Dealers, Wallet Uploads, Quasi Cash, ATM Withdrawals, Credit Card Payments and Account Transfers transactions are not a part of FIRST Rewards program.
The transaction categories are identified through Merchant Category Codes (MCC), defined by the network, e.g. Visa, MasterCard and RuPay.
IDFC FIRST Bank does not define the merchant category. The merchant category codes that are excluded from FIRST Rewards Program are mentioned below:
Merchant Codes |
Merchant Categories |
|
6300 |
INSURANCE SALES AND UNDERWRITING |
|
6012 |
FINANCIAL INSTITUTIONS - MERCHANDISE & SERVICES |
|
6211 |
SECURITY BROKERS/DEALERS |
|
6051 |
QUASI CASH |
|
6540 |
WALLET UPLOAD |
- Groups
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Finance
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Credit Card
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Deal Wiki
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Created by : abhishek012
IDFC debit card still offer reward points on mobikwik for credit card bill repayment.
This transaction count under Utility bill payment.
For incremental 10X,
Online( CC Payment)
Classic
Till 20K - 0.33%
After 20K - 1.84%
Eg: For 2 Lakh, total cashback Rs.3378
Select
Till 1L - 0.50%
After 1L - 2%
Eg: For 2 Lakh, total cashback Rs.2500
Wealth
Till 1.5L -0.67%
After 1.5L - 2.17%
Eg: For 2 Lakh, total cashback Rs.2090
Private
Till 2L - 1%
After 2L - 2.34%
Eg: For 2 Lakh, total cashback Rs.2000
Top Comments
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9513753
Since what date is this new guideline applicable?Â
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9513765
Didn't they recently launched their Debit card rewards program 
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9513775
Yes and it's over
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514127
just saying
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514147
flash007 wrote:Mujhe yeh pahele se pata tha hoga.
Everyone must use RBL Signature+ debit card, best debit card ever.
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514158
RBL signature+ is beneficial if you can waive off your renewal fees.
@abhishek012 can we take this card without opening an RBL bank account? 🤣
my RBL account is kind of frozen.
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514165
@abhishek012 Instead of posting this kind of news from your main account, create a secondary account and use that 😂
and post good news from this account only.Â
Or keep it balanced, with 1 bad news, post 1 good news, or alternatives as well.
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514172
Expand
abhishek012 wrote:
Mujhe yeh pahele se pata tha hoga.
Everyone must use RBL Signature+ debit card, best debit card ever.
Also, now I am thinking, the way you're promoting the RBL Signature+ debit card in every post, how long do you think it will remain the best card? 😆
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514192
flash007 wrote:Spend 3 lakhs annually and renewal fees wavier.RBL signature+ is beneficial if you can waive off your renewal fees.
@abhishek012 can we take this card without opening an RBL bank account? 🤣
my RBL account is kind of frozen.
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514217
Gai bhains paani me
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514220
Anyone received any points for 24 or 25 aug txns?
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514252
Expand
abhishek012 wrote:
Mujhe yeh pahele se pata tha hoga.
Everyone must use RBL Signature+ debit card, best debit card ever.
what about union Bank signature card, 1% cashback including cc Bill payment without upper limits
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514264
just to know the curiosity of this trick...
please share how much reward you earned.
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514310
@abhishek012 so no normal debit or credit card which provides cb for insurance etc.?
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514321
Made 21k points
Too bad. It was too good an offer anyways!
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514342
rahulrocks63 wrote:just to know the curiosity of this trick...
please share how much reward you earned.
Around 8-9L
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514344
Expand
abhishek012 wrote:
Mujhe yeh pahele se pata tha hoga.
Everyone must use RBL Signature+ debit card, best debit card ever.
I have to mail them every month that too twice thrice for credit of the points regretting getting one.
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514358
kukdookoo wrote:Use SBI Cashback Credit Card na ? and get 5% cashback upto Rs5000.@abhishek012 so no normal debit or credit card which provides cb for insurance etc.?
First buy Amazon gv upto 1 lakh (depend on your LIC/Insurance premium amount) and use on Amazon to pay.
Where to buy upto 1 lakh Amazon gv using 5% SBI Cashback Credit Card ?
Here -Â https://www.desidime.com/discussions/trick-to-g...
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514529
Expand
abhishek012 wrote:Any other card except this, dc or cc, which gives cashback on insurance and bill payments?
Use SBI Cashback Credit Card na ? and get 5% cashback upto Rs5000.
First buy Amazon gv upto 1 lakh (depend on your LIC/Insurance premium amount) and use on Amazon to pay.
Where to buy upto 1 lakh Amazon gv using 5% SBI Cashback Credit Card ?
Here -Â https://www.desidime.com/discussions/trick-to-g...
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514538
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514651
Expand
rahulrocks63 wrote:what about union Bank signature card, 1% cashback including cc Bill payment without upper limits
You mean Union Bank Signature Card 
Pro : Great Card with almost unlimited cashback...
but $hitty support team, and my Card isn't even linked to rewards program automatically..
They have a different portal for rewards, and that customer support told me to wait 26 DAYS to get an issue fixed...That's their standard resolution time..that's how BS their customer support is!!
No escalation, No helpline..
So, Can't rely on it as a Primary...Only Backup.
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514652
I knew IDFC Reward system was too good to be sustainable..
The moment they secured BCCI Sponsor Title, They said "NO MORE REWARDS"
Customer First my a-- 💀
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514673
GautamgR wrote:I knew IDFC Reward system was too good to be sustainable..
The moment they secured BCCI Sponsor Title, They said "NO MORE REWARDS"
Customer First my a-- 💀
Ek youtuber ne video banaya ki looto 50,000 next da devalue ho gaya didn't even usedÂ
Jobless misusers ko kya hi kaha jaye
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9514714
IDFC could have got more customers had they used the money to sponsor bcci to keep this reward rateÂ
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9515249
Will it give rewards for cheq app payments???
https://www.desidime.com/discussions/idfc-debit-card-rewards-point-devalue?page=1#post_9515376
rahulrocks63 wrote:just to know the curiosity of this trick...
please share how much reward you earned.
15K
Click here to reply
Reply
IDFC debit card still offer reward points on mobikwik for credit card bill repayment.
This transaction count under Utility bill payment.
For incremental 10X,
Online( CC Payment)
Classic
Till 20K - 0.33%
After 20K - 1.84%
Eg: For 2 Lakh, total cashback Rs.3378
Select
Till 1L - 0.50%
After 1L - 2%
Eg: For 2 Lakh, total cashback Rs.2500
Wealth
Till 1.5L -0.67%
After 1.5L - 2.17%
Eg: For 2 Lakh, total cashback Rs.2090
Private
Till 2L - 1%
After 2L - 2.34%
Eg: For 2 Lakh, total cashback Rs.2000
Yes.
Return Ratio: If you max. out the spends, i.e. 1L per month X 12= 12L in a year, you receive:
Total= 17K on an effective joining fee of (5900-5000)= 900 INR. Renewal fee anyway will be Zero from next year upon spending 3L+ in previous year.
Best Value: If your spends aren’t that high, hitting 5L in a year is the sweet spot.
In 1st year You get 5K Monthly + 5K Annual benefit = (10K-900)/5L ~ 1.82%
And next year onwards you get (5K + 5K)/5L ~ 2%
If you spend more than 12L in a year, return value goes downwards. As you can see, this card holds good till annual spends of 12L max only (preferably 1L per month spend with minimum 10K in a month to earn cashbacks as GV)
GVs available: Wide range of GVs with multiple price points are available for redemption against both Welcome/ Monthly benefits. Notable ones are Amazon, Flipkart, Croma, Bigbasket etc.
If you want to know where you spend RBL Signature+ debit card -
Paytm app - direct use debit card for cc bill repayment or Paytm wallet load
mobikwik app - cc bill repayment
Bajaj app - cc bill repayment
Payzapp app - cc bill repayment
Cred app - cc bill repayment (pay more than Rs50,001+ or selected user 10,001+ and get debit card option)
Amazon full kyc wallet - load and spend anywhere via Amazon wallet UPI for bank transfer/cc bill repayment or merchant transaction via UPI.