IDFC downgraded Visa Signature to Visa Platinum Debit Card

[AyushJaju]

Earlier IDFC used to give Visa Signature debit card to their account holder maintaining 25K MAB.
Card also had two complimentary lounge access per quarter.

Recently they have changed it to Visa Platinum. Even old customer will get their new card as Visa Platinum on expiry. Also lounge benefits reduced from 2 to now only 1 as well as BOGO on Bookmyshow not available (I guess).

 

[Gaara]

Ah, the great devaluation saga continues! 🙌🏼📉
Now it's the turn of savings account benifits.

 

[Chaitanya-a]

Earlier IDFC used to give Visa Signature debit card to their account holder maintaining 25K MAB.
Card also had two complimentary lounge access per quarter.

Recently they have changed it to Visa Platinum. Even old customer will get their new card as Visa Platinum on expiry. Also lounge benefits reduced from 2 to now only 1 as well as BOGO on Bookmyshow not available (I guess).

This is very old devaluation. Happened in 2021-22 itself.

 

[pratyushpanda]

Bhai ye to kabse ho chuka hai i think more than one year, and bms to usse pehle hi band hogya tha

 

[Vasuki]

Earlier IDFC used to give Visa Signature debit card to their account holder maintaining 25K MAB.
Card also had two complimentary lounge access per quarter.

Recently they have changed it to Visa Platinum. Even old customer will get their new card as Visa Platinum on expiry. Also lounge benefits reduced from 2 to now only 1 as well as BOGO on Bookmyshow not available (I guess).

Atleast their 1 lounge access has comprehensive list of lounge .. & not just major City airport

 

[Tonymathew]

I think this downgradation happened more than a year back... Then I was also informed by my RM that current holders of visa signature will still get 2 lounge/quarter, and only new accounts/issues of visa platinum is eligible for 1/quarter. I think it is true, cause in the 4th quarter of 2023 I used the lounge twice

 

[Vasuki]

Did not this downgradation happened more than year back... Then I was also informed by my RM that current holders of visa signature will still get 2 lounge/quarter, and only new accounts/issues of visa platinum is eligible for 1/quarter. I think it is true, cause in the 4th quarter of 2023 I used the lounge twice

U hv rm in 25 k account

 

[Tonymathew]

U hv rm in 25 k account

Yes, in the 'my relationship team' section of idfc first app, rural brm and his contact us shown..

 

[its_karan]

Earlier IDFC used to give Visa Signature debit card to their account holder maintaining 25K MAB.
Card also had two complimentary lounge access per quarter.

Recently they have changed it to Visa Platinum. Even old customer will get their new card as Visa Platinum on expiry. Also lounge benefits reduced from 2 to now only 1 as well as BOGO on Bookmyshow not available (I guess).

Earlier they also used to give Times Prime free

And Rs 3000 worth vouchers again, free

along with this Visa Signature card

To 0 balance FF Customers.

No benefit remains forever bro

It's all about CAC and LTV and Breakeven time at the end.

 

[Grogu]

Always you first means not customer, it is Investor because they put money before you opened an account.

 

[AyushJaju]

This is very old devaluation. Happened in 2021-22 itself.

Sorry I wasn't aware.. My card is expiring this month and have received visa platinum, so thought, I should share.

 

[kambojvishal301]

But Mera to upgrade ho gya platinum sai wealth account

 

[Vasuki]

But Mera to upgrade ho gya platinum sai wealth account

🥸 Thats different scenario altogether