IDFC WEALTH CARD DEVALUATION

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Deal Cadet
vicky191in310

Starting 1st May 2023 Airport Free Lounge access available only if you spend Rs 5000 in previous month

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Finance Mentor Finance Mentor
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That's spending 5k to get access to any lounge, world-wide, which costs less than 2.5k per entry, per person. Only beneficial now if you intended using the lounges for more than twice a year. 

Indian lounges feel more like free langar though. 

Benevolent Benevolent
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With more and more banks, credit cards and rupay network offering free airport lounge access without any MAB criteria to grab market share, the limited space and overcrowding has transformed all lounges into a free langar event with long queues where waiting time is atleast half an hour.

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Cool Cool
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Fuel spend is a viable option in this case.

Deal Subedar Deal Subedar
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Wealth card anyways comes with Dreamfolks card already, moreover spending 5k/month for wealth cc holder is easy

Helpful Helpful
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same trick of all credit card companies. All are doing devaluation once customers or targets achieved

Deal Cadet Deal Cadet
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@abhishek012 mithai kab baat rahe ho 

Finance Ninja Finance Ninja
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Nice move by IDFC bank. 👍🏼👍🏼

Hope other banks will also follow but minimum spend should be Rs50,000.
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Critic Critic
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Is this restriction only for domestic lounge visits ? or includes international visits, and domestic spa's as well ?

Deal Cadet Deal Cadet
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If confirmed, I will be closing 7 out of 9 family and friends accounts. 

If they set the same criteria for roadside assistance, then all 9 accounts will be closed.

Deal Cadet Deal Cadet
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Its confirmed
Deal Subedar Deal Subedar
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Will it be made a rule for idfc select also?

Deal Cadet Deal Cadet
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They should as they made it for High value Wealth card. 
Hope they revise and keep tnc for international lounges only.
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Deal Cadet Deal Cadet
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IDFC Select also devalued for Lounge Access

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Deal Cadet Deal Cadet
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If i have travel plan in july, shall i spend 5k in june only or we have to do 5k each month??

Deal Cadet Deal Cadet
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Is it for credit or debit card ?

replyuser
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