pranav raval
TF Buzz
Agree, 1.3% profit that too only for top tier IDFC account (wealth, etc).I don’t think it’s a vert profitable deal to pay extra 1% for paying CC bill. Effective return for IDFC would be ~1.3% minus redemption charges. And it’s not cash you can only redeem in gift cards. And they don’t even have APay gift cards. Sounds like a very bad deal. Good for Savesage profits though.
For normal account suppose if u have 1.6 lac bill, it's merely 0.07% when payment more than 1975 INR is made in one go (1.25 return - 1.18 charges).
For normal account suppose if u have 1.6 lac bill, it would be 0.66% when payment is broken into multiple parts of 1950 INR (1.25 return - 0.59 charges)
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