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IDFC privileged banking query

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Desidime User

If I somehow upgrade the account to select or wealth. Will they downgrade if I don't maintain the balance.

Are there any non maintenance or downgradation charges?

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Benevolent Benevolent
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@UnderNation is benifits worth it ? 
Deal Lieutenant Deal Lieutenant
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@gakarshit

Bms Offer Under Visa Infinite , Accidental Insurance Benefits , Airport Lounge Access Along With Companion , Debit Card Reward Points For Paying Credit Card Bills Etc

Deal Lieutenant Deal Lieutenant
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I had maintained Rs. 10L for 3+ months and had to manually ask them for upgrade which they did.

For my mother's account, with an initial funding of Rs. 10L, they opened the account directly as Wealth, no drama whatsoever and I found it a better way rather than going through upgrade route.

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Deal Lieutenant Deal Lieutenant
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generally no downgrade, non maintenance charge 

Deal Lieutenant Deal Lieutenant
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No Downgrade , No Maintenance Charges , Suggested To Go Directly To Wealth Account , Select To Wealth Conversion Is Very Hard Unless U R Very Very Rich Kid
Benevolent Benevolent
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how much balance needed for wealth ?
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Deal Lieutenant Deal Lieutenant
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I had maintained Rs. 10L for 3+ months and had to manually ask them for upgrade which they did.

For my mother's account, with an initial funding of Rs. 10L, they opened the account directly as Wealth, no drama whatsoever and I found it a better way rather than going through upgrade route.

Benevolent Benevolent
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Yes. Irrespective of select or wealth , opening directly gives us those instantly. The bankers have some targets for opening accounts and they first open the 25MAB acc and later we get onboarded to select or wealth based on the IP.
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Deal Newbie Deal Newbie
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After upgradation, account will be zero balance

Helpful Helpful
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No. You have to maintain the MAB of your base savings account (10K or 25K)

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Deal Newbie Deal Newbie
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Genuinely wanted to know - I am getting this LTF. But didn't opt for it yet. And may I I won't. Is this card really worth it now? Reward points (in other words Value Back) is very less. Plus spends on Education, NPS, Utility is not counted in 10X calculation. Lounge access need you to spend 20k in previous month... Movie B1G1 is only upto 250. So difficult to get any value back from this card.

Deal Lieutenant Deal Lieutenant
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You are talking about credit card, not debit card. Please read the thread carefully

Deal Newbie Deal Newbie
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Not much useful

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