Kindly note, some of the features and terms of your FIRST Wealth Credit Card will undergo changes with effect from 1st May 2024: Important update regarding your lifetime free FIRST Wealth Credit Card A lifetime free Credit Card loaded with benefits! Grab offers and discounts on your favourite brands every day of the week! EMIfy transactions and balances at low interest rates Enjoy Reward Points that are as good as cash, redeemable anywhere online Easily repay other bank’s outstanding dues and convert them to EMIs Always You First, IDFC FIRST Bank 1800 10 888 Click here to view updated MITC 1. Reward Points • Unlock 10X Reward Points fasterin a statement cycle on both online & offline spends above Rs. 20,000 • Reward points on online spends up to Rs. 20,000 in a statement cycle will be revised to 3X • Reward points on Education, Wallet load and Government services^ transactions will be revised to 3X. These transactions will no longer be part of 10X threshold calculation • 3X = 3 Reward Points per Rs. 150 spent 2. Buy one Get one movie offer • Will be revised up to Rs. 250 off twice per month 3. Complimentary visits to Airport Spas and Lounge • Total number of visits will continue to be 4 per quarter • Domestic airport lounges & spas visits will be capped to 2 per quarter • International airport lounges visits will be capped to 2 per quarter • Spend minimum Rs. 20,000 in a calendar month to activate lounge & spa benefits for next calendar month 4. Rent and Property Management Fee^ • 1% of transaction value will remain the same • It will be subject to a minimum of Rs. 249 per transaction 5. Fair usage on Utility Spends^ • 1X Reward Points on Utility spends will remain the same • 1% of transaction value will be levied as Utility fee on commercial usage • Commercial usage is defined as aggregate Utility spends > Rs.20,000 in a billing cycle o Illustration 1: Utility spends of Rs. 10,000 in a statement cycle will not attract a fee as it is below the threshold o Illustration 2: Utility spends of Rs. 30,000 in a statement cycle will attract a fee of Rs. 300 (1% fee) + taxes*
-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
Devaluation IDFC Wealth Devaluation
- Thread starter Shash
- Start date
curios_mind_huh
TF Select
Controversially, Idfc Wealth debit card has a good reward rate now compared to its credit card counterpart. 0.67% on online spends for the first 50k, and 2.5% on spends above 50k. There's a death of cashback or points to Amazon cards for normal non-targeted spends.
I was using Flipkart Axis for normal spends at 1.5% and was eying for Axis Ace to upgrade to 2%. Both of them are now devalued. Just when I thought, IDFC could now be my go to with 1.5% online spends, it's getting kicked to the ground to 0.5% for normal spends.
Is there a good card for normal spends anymore?
I was using Flipkart Axis for normal spends at 1.5% and was eying for Axis Ace to upgrade to 2%. Both of them are now devalued. Just when I thought, IDFC could now be my go to with 1.5% online spends, it's getting kicked to the ground to 0.5% for normal spends.
Is there a good card for normal spends anymore?
Now you gave them a very good valid point to devalue their Wealth Debit Card…also !!!!
Very good…
Last edited:
curios_mind_huh
TF Select
I never thought I'd say this: "Wealth debit card is now more valuable to me than Wealth credit card". I saw Wealth account as a means to Wealth credit card, but alas I've been pleasantly surprised. Not sure for how long though.Now you gave them a very good valid point to devalue their Wealth Debit Card… !!!!
Very good…
you will not spend only for lounge.. if u spend u will get lounge.. no metro lounge is 899, its more expensive
What is this..
Choo choo land
Koi choonchoo nahin...
Note the date .. by April 2025 IDFC will be sending mails to everyone....
"You have not used your card in last one year and it will be deactivated as per RBI rule in next 30 days. Please spend 5k and get 1k voucher"
It's 250 twice a month not 125 for wealth.
For select it's 125 twice
VibhavBilgoji
TF Premier
yeah thats what i said
there is no point in keeping a select card now,
so they should give wealth to more people (250rs twice per month is still descent)
Which card you are talking about here ??
Rupay card or visa infinite wealth card?
I have visa wealth card , I am planning to activate RuPay upi variant at additional charge 199 rupees, my ques if I spent 20k in RuPay card . Will it consider as milestone eligibility for lounge access using my Visa card.
Actually limit is shared between two cards and both are wealth variant
Those two are different cards even though they share limit.
Short answer: NO
I won’t believe it… but hey …anything is possible in the finance world… there were some rare circumstances where I was wrong before…
Please do let us know if and when you tried this..
Similar threads
- Question
