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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.
 
Last edited by a moderator:
Jisko doubt hai mere post ko dekho sab clear hai

 
He tagged RBL bank and shared this trick for the masses...I think he is also a member of technofino but come on- Why'd u do that ? ( Dnt even have RBL card-Just pointing out the foolishness) 1000080435.jpg
 
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He tagged RBL bank and shared this trick for the masses...I think he is also a member of technofino but come on- Why'd u do that ? ( Dnt even RBL card-Just pointing out the gollishness)View attachment 53432
He is Rahul Gandhi of techno fino

Pehle khud Sara loot lo
Phir
Wealth redistribution krdo 🤣

Don't take it seriously...
Iske tag se devaluation nhi hoti h
 
He tagged RBL bank and shared this trick for the masses...I think he is also a member of technofino but come on- Why'd u do that ? ( Dnt even RBL card-Just pointing out the gollishness)View attachment 53432
Aise thodi na isko main group se block kiya gaya hai jaha real tricks aati hain😂
Inko ye bhi galat fahmi hai ki inke chamche hain un groups me bhi😂
Ab DM DM mat khelna bhai koi, nahi bata sakte kuchh
 
It depends on card to card then?
For all cards i am asking 😅
It depends on bank

HDFC takes 2 - 3 days
BBPS supported cards will be instant
IDFC, Amex, and Axis wil also be instant. Don't know about others.

It uses billdesk in backend for non bbps cards,
So you will have an idea on your past experience which uses bill desk in backend and how much time does it take for other bank cards for settlement.
 
It depends on bank

HDFC takes 2 - 3 days
BBPS supported cards will be instant
IDFC, Amex, and Axis wil also be instant. Don't know about others.

It uses billdesk in backend for non bbps cards,
So you will have an idea on your past experience which uses bill desk in backend and how much time does it take for other bank cards for settlement.
Axis is instant/ end of day..

Idfc yet to try
 
It depends on bank

HDFC takes 2 - 3 days
BBPS supported cards will be instant
IDFC, Amex, and Axis wil also be instant. Don't know about others.

It uses billdesk in backend for non bbps cards,
So you will have an idea on your past experience which uses bill desk in backend and how much time does it take for other bank cards for settlement.
Off-topic: There is a rent payment option on SBI Unipay where we can pay using RG-ID. Did anyone try it before? If so, what will be the MCC, utility? or rent?

P.S. You can DM me if not willing to post the info on the forum! 🙃
 
Haha. Haven't mentioned anything about Cc payments. Just that why would they stop access to a specific website without any intimation.

Has anyone else faced a similar issue or im the first?
Any update on this issue?

I am also facing similar issue (have heard from orders as well). Only difference is I am not able to do any debit card transaction
 
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