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IDFC First Bank launched its debit card reward system

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IDFC First Bank launched its debit card reward system recently. Now you'll earn reward points for spending money using your IDFC First Bank debit card.
Reward portal link - https://www.firstrewards.com/

Screenshot_20230204_124537_Samsung Internet.jpg

Reward system for IDFC First Bank normal debit card-
2000 welcome reward points on IDFC First normal debit card transaction above Rs. 1000

Online transaction- earn 2 reward points for every Rs. 150 spend
Offline transaction- earn 1 reward point for every Rs. 150 spend
10X reward points (10 reward points per Rs. 150) for every Rs. 150 spent via debit card on incremental spends above Rs. 50,000 in a month.

IDFC First Bank Select debit card reward system-
4000 welcome reward points on first debit card transaction above Rs. 1000
Online transaction- earn 3 reward points for every Rs. 150 spend
Offline transaction- earn 2 reward point for every Rs. 150 spend
10X reward points (10 reward points per Rs. 100) for every Rs. 100 spent via debit card on incremental spends above Rs. 50,000 in a month.

IDFC First Bank Wealth debit card reward system-
8000 welcome reward points on first debit card transaction above Rs. 1000
Online transaction- earn 4 reward points for every Rs. 150 spend
Offline transaction- earn 3 reward point for every Rs. 150 spend
10X reward points (10 reward points per Rs. 100) for every Rs. 100 spent via debit card on incremental spends above Rs. 50,000 in a month.

IDFC First Bank Private debit card reward system-
20,000 welcome reward points on first debit card transaction above Rs. 1000
Online transaction- earn 6 reward points for every Rs. 150 spend
Offline transaction- earn 4 reward point for every Rs. 150 spend
10X reward points (10 reward points per Rs. 100) for every Rs. 100 spent via debit card on incremental spends above Rs. 50,000 in a month.

Exclusions: 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, Please refer to the TnC page for specific Merchant Codes that are excluded.

1 reward point = Rs. 0.25

Note: You'll earn core reward points depending on your debit card variant, along with the 10X points.

A monthly reward point accrual capping will be applicable based on user’s program membership. (w.e.f. 1st December 2023)

Type of ProgramMonthly Point Capping
General8,000
Select30,000
Wealth50,000
Private5,00,000

How to redeem- You can redeem your reward points against gift vouchers, flight booking, recharge, etc.
Just click on "Redeem" and you'll see all the available options.
Link- https://www.firstrewards.com/user/burn

These are the excluded mcc's. You won't receive any reward points for spending on these categories.

Merchant CodesMerchant Categories
6300INSURANCE SALES AND UNDERWRITING
6012FINANCIAL INSTITUTIONS - MERCHANDISE & SERVICES
6211SECURITY BROKERS/DEALERS
6051QUASI CASH
6540WALLET UPLOAD

Reward Rate:-

IDFC First Bank Normal Debit Card-
Online- 0.33%
Offline- 0.17%
10X category- 1.67%
Incremental spends above Rs. 50,000: Online- 1.67%; Offline- 1.67%

IDFC First Bank Select Debit Card-
Online- 0.50%
Offline- 0.33%
10X category- 2.5%
Incremental spends above Rs. 50,000: Online- 2.5%; Offline- 2.5%

IDFC First Bank Wealth Debit Card-
Online- 0.67%
Offline- 0.50%
10X category- 2.5%
Incremental spends above Rs. 50,000: Online- 2.5%; Offline- 2.5%

IDFC First Bank Private Debit Card-
Online- 1%
Offline- 0.67%
10X category- 2.5%
Incremental spends above Rs. 50,000: Online- 2.5%; Offline- 2.5%

Update on 14th July: IDFC First Bank relaunched its debit card reward system on 14th July, 2023.
We've made the necessary changes in the article.

Update on 22 Dec, 2023: IDFC First Bank updated its debit card reward system on 1st Dec, 2023.
We've made the necessary changes in the article.
 
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@Rahul Gupta
@NShah
@ItsAnilSingh
@VISHESH_BANSAL

Verify this ? Is this true
The bbps has no failure on sbi unipay ?
I have done around 9.5 lakh rs bbps transaction from unipay none of them stucked. But did a 100rs hdfc cc payment around 2 weeks ago and my money is in the air now. I am not gonna fight sbi for 100rs, you know mujhe dimaag kharab nhi karwana. Also they didn't show pending transaction in transaction history. So i cant even complain even if i want to. Btw i no longer use unipay and not recommed from my side as well.
 
I have done around 9.5 lakh rs bbps transaction from unipay none of them stucked. But did a 100rs hdfc cc payment around 2 weeks ago and my money is in the air now. I am not gonna fight sbi for 100rs, you know mujhe dimaag kharab nhi karwana. Also they didn't show pending transaction in transaction history. So i cant even complain even if i want to. Btw i no longer use unipay and not recommed from my side as well.
Yes you right they didn't show failed transaction in history plus if you saved or printed their failed transaction receipt then amount will shown as 20 instead of 2000 🤣
 
Any good news for the BLOCKED USERS ? Any loopholes for utilizing the blocked reward points or can we use this in any third party websites ? Like Amex cards allows us to make the payment using points in the payments page during OTP request. Any suggestions ? Please let me know guys, I have 26k points blocked since NOV-2023. Thank you !
Still waiting for unblock. I also have few lakhs points blocked and pending for redemption.
 
Hey guys I recently got my idfc signature debit card. I was able to see 2000 reward points on my first transaction of Rs 1000. Is this offer still available. What are the other ways to get rewards points on this card?
 
Any other option to pay via IDFC debit card other than SBI Unipay? Has anybody tried non-BBPS cards if they are getting paid now?
 
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