Thinking to Downgrade IDFC Account

[TheGuy]

I already have IDFC Wealth CC.
I do not use IDFC Signature Debit Card (got it blocked when they were thinking to charge annual fee).

I do not see any difference between 25k MAB acc and 10k MAB acc. Please enlighten if there is.
I do not want the obligation to keep 25K else penalty.
Also, I am wanting to move expenses to HDFC for probably Core CC offer.

Edit: I have 25k MAB acc not wealth.
Comments?

 

[Vasuki]

I have 25 k account from 3-4 month .
A consumer durable loan emi card has appeared as offer 65k
Should i close the account ? Or wait for offers
Yes there is no relation of cc & saving in idfc . But is there a hope

 

[theda]

I have 25 k account from 3-4 month .
A consumer durable loan emi card has appeared as offer 65k
Should i close the account ? Or wait for offers
Yes there is no relation of cc & saving in idfc . But is there a hope

I suggest you keep it for at least 6-12 months. if your area is serviceable you will surely get offers.

 

[Batman]

I suggest you keep it for at least 6-12 months. if your area is serviceable you will surely get offers.

Unlikely IMO. I've been keeping 25k minimum for 4 years. No offers. Never once.

Edit: Area - Bangalore City

 

[telescope]

What's the difference between 10k and 25k account variants? Except I think lounge access.

Will they replace my existing dc after account downgrade? Or if the dc is not replaced, then will complimentary lounge access work?

 

[theda]

Unlikely IMO. I've been keeping 25k minimum for 4 years. No offers. Never once.

Edit: Area - Bangalore City

You don't just have to keep the MAB maintained, you have to do regular transactions especially debit card transactions.

The best things would be to shift as much transaction as possible to debit card even smaller ones.

 

[Batman]

You don't just have to keep the MAB maintained, you have to do regular transactions especially debit card transactions.

The best things would be to shift as much transaction as possible to debit card even smaller ones.

oh accha. I don't think I've ever used IDFC Debit card. Saw no offers ever. TIL.

 

[COSMOCRAT]

I've been using the debit card, but not frequently (2-3 times a month). Still no offers.

 

[gigachad]

I have 25 k account from 3-4 month .
A consumer durable loan emi card has appeared as offer 65k
Should i close the account ? Or wait for offers
Yes there is no relation of cc & saving in idfc . But is there a hope

Open future first.. free signature dc with zero balance account

 

[Vasuki]

There is no relation between idfc saving account and credit card.
This is fuddu bank trying to copy hdfc but won't even though hdfc is bigger fuddu 😎

Unlikely IMO. I've been keeping 25k minimum for 4 years. No offers. Never once.

Edit: Area - Bangalore City

 

[0xfallup]

Went to branch to downgrade 25k account to 10k/future first. They said future first downgrade is not possible and that is only for new to bank customers with no existing customer id. It might be false though.

Ended up with 10k downgrade.

Negative , I had an existing customer id from bnpl, cc and eventually it is same from start to end

 

[telescope]

Negative , I had an existing customer id from bnpl, cc and eventually it is same from start to end

you could get future first? as a downgrade or fresh account?

 

[Vasuki]

you could get future first? as a downgrade or fresh account?

Its for graduate from premier institute .like iits nits . Ims etx etc even DU good colleges

 

[0xfallup]

you could get future first? as a downgrade or fresh account?

Yes and Fresh acc

 

[telescope]

What's the difference between 10k and 25k account variants? Except I think lounge access.

Will they replace my existing dc after account downgrade? Or if the dc is not replaced, then will complimentary lounge access work?

Account downgrade complete. I can see visa classic dc has been issued to my account. Visa platinum dc is also active.

Worst thing with this downgrade is that rupay first tap sticker got blocked. Ordered it just weeks ago. Paisa barbaad hua.

 

[theda]

Account downgrade complete. I can see visa classic dc has been issued to my account. Visa platinum dc is also active.

Worst thing with this downgrade is that rupay first tap sticker got blocked. Ordered it just weeks ago. Paisa barbaad hua.

Did you go to the branch or was it online? How much time did it took for Visa classic dc to show up in the app?

And your first tap card should not be blocked. contact customer care they might unblock it.

 

[telescope]

Did you go to the branch or was it online? How much time did it took for Visa classic dc to show up in the app?

And your first tap card should not be blocked. contact customer care they might unblock it.

I downgraded it by visiting branch.
2 days.
I'll contact cc.

 

[Vasuki]

I downgraded it by visiting branch.
2 days.
I'll contact cc.

So did u open account online ..

Didn't they say u OPENED online so there could be problem downgrading

 

[telescope]

So did u open account online ..

Didn't they say u OPENED online so there could be problem downgrading

Online.

Nothing like that.

 

[Vasuki]

Online.

Nothing like that.

I will convert mine after 5th .

Btw Idfc account can be closed on call / mail ..no need to visit branch ? Is that right

 

[Batman]

Hasn't been upgraded yet. RM said she'll make a request last Friday, and give me a call this Tuesday to update.

No calls, no update so far. Absolutely hate IDFC services.

Okay, so I checked the monthly account statement email and realised that I have indeed been upgraded to Wealth Savings Account. I can also see the App reflecting a new (un-activated) Wealth Debit Card. But the Accounts section still reflects a "regular savings" account.

Looks like my RM came through. I should also point out that I received no call/message/email update from her or the bank.

I'll wait for a few days for the Wealth DC to be delivered. Good start to December.