Using IDFC Wealth CC doesn’t makes sense now

[er3shivam]

I was upgraded to IDFC Wealth CC recently and was going through features and benefits. It hit me hard when I compiled it as it now appears after devaluation it doesn’t makes sense for us to use IDFC variants of Credit Cards including Wealth.

I majorly wanted this card for SPA access but it seems these all now requires a minimum spend of 20k/month to be eligible for next quarter use . If we see it only has a reward rate of 0.5 Rupees per 100 spent on card NOW. It certainly doesn’t deserve for those who are maintaining high balance in Wealth Savings Account for this card. If you got LTF without IDFC wealth account then you can keep it. But still doing transactions on this card doesn’t make sense to me.

Guys let me know if there are good SPA access cards without fee or minimum fee.

I am listing updated benefits below.


BENEFITS

• No Annual/Joining Fees
• 2 Domestic Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 International Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 Spa / Quarter ⇒ 8 visits (20k spends MONTHLY)
• 2 Golf rounds /month ⇒ 24 visits (20k spends MONTHLY)
• 4 complimentary Railway lounge / Quarter ⇒ 16 visits
• 3x rewards points till 20k
• B1G1 Paytm movie offer upto 250

⇒ 1X = 1 Reward Point per ₹150 spent | 1 Reward point = ₹0.25
⇒ 3x = 3 RP/₹150 spent = .75 ₹
⇒ RP/100 ⇒ 0.5 ₹


After 20k
⇒ 10x = 10 RP/ 150 spent = 2.5 ₹
⇒ RP/100 ⇒ 1.6 ₹


Categories not included in the 10X Reward Points threshold: Rental & Property Management, Utility, Insurance, Government Services, Education and Wallet Load.
Reward Points program not applicable on fuel, EMI transactions, & cash withdrawals.
Reward redemption will attract a small convenience charge of ₹99 (+ applicable taxes) per redemption.

 

[Shubham Yadav]

I was upgraded to IDFC Wealth CC recently and was going through features and benefits. It hit me hard when I compiled it as it now appears after devaluation it doesn’t makes sense for us to use IDFC variants of Credit Cards including Wealth.

I majorly wanted this card for SPA access but it seems these all now requires a minimum spend of 20k/month to be eligible for next quarter use . If we see it only has a reward rate of 0.5 Rupees per 100 spent on card NOW. It certainly doesn’t deserve for those who are maintaining high balance in Wealth Savings Account for this card. If you got LTF without IDFC wealth account then you can keep it. But still doing transactions on this card doesn’t make sense to me.

Guys let me know if there are good SPA access cards without fee or minimum fee.

I am listing updated benefits below.


BENEFITS

• No Annual/Joining Fees
• 2 Domestic Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 International Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 Spa / Quarter ⇒ 8 visits (20k spends MONTHLY)
• 2 Golf rounds /month ⇒ 24 visits (20k spends MONTHLY)
• 4 complimentary Railway lounge / Quarter ⇒ 16 visits
• 3x rewards points till 20k
• B1G1 Paytm movie offer upto 250

⇒ 1X = 1 Reward Point per ₹150 spent | 1 Reward point = ₹0.25
⇒ 3x = 3 RP/₹150 spent = .75 ₹
⇒ RP/100 ⇒ 0.5 ₹


After 20k
⇒ 10x = 10 RP/ 150 spent = 2.5 ₹
⇒ RP/100 ⇒ 1.6 ₹


Categories not included in the 10X Reward Points threshold: Rental & Property Management, Utility, Insurance, Government Services, Education and Wallet Load.
Reward Points program not applicable on fuel, EMI transactions, & cash withdrawals.
Reward redemption will attract a small convenience charge of ₹99 (+ applicable taxes) per redemption.

check out this one

Devaluation - IDFC Wealth Devaluation

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...

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[SSV]

I was upgraded to IDFC Wealth CC recently and was going through features and benefits. It hit me hard when I compiled it as it now appears after devaluation it doesn’t makes sense for us to use IDFC variants of Credit Cards including Wealth.

I majorly wanted this card for SPA access but it seems these all now requires a minimum spend of 20k/month to be eligible for next quarter use . If we see it only has a reward rate of 0.5 Rupees per 100 spent on card NOW. It certainly doesn’t deserve for those who are maintaining high balance in Wealth Savings Account for this card. If you got LTF without IDFC wealth account then you can keep it. But still doing transactions on this card doesn’t make sense to me.

Guys let me know if there are good SPA access cards without fee or minimum fee.

I am listing updated benefits below.


BENEFITS

• No Annual/Joining Fees
• 2 Domestic Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 International Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 Spa / Quarter ⇒ 8 visits (20k spends MONTHLY)
• 2 Golf rounds /month ⇒ 24 visits (20k spends MONTHLY)
• 4 complimentary Railway lounge / Quarter ⇒ 16 visits
• 3x rewards points till 20k
• B1G1 Paytm movie offer upto 250

⇒ 1X = 1 Reward Point per ₹150 spent | 1 Reward point = ₹0.25
⇒ 3x = 3 RP/₹150 spent = .75 ₹
⇒ RP/100 ⇒ 0.5 ₹


After 20k
⇒ 10x = 10 RP/ 150 spent = 2.5 ₹
⇒ RP/100 ⇒ 1.6 ₹


Categories not included in the 10X Reward Points threshold: Rental & Property Management, Utility, Insurance, Government Services, Education and Wallet Load.
Reward Points program not applicable on fuel, EMI transactions, & cash withdrawals.
Reward redemption will attract a small convenience charge of ₹99 (+ applicable taxes) per redemption.

Yes correct, IDFC wealth CC lost its shine.. not at all preferred for any spending for significant amounts

 

[sm9811911]

I was upgraded to IDFC Wealth CC recently and was going through features and benefits. It hit me hard when I compiled it as it now appears after devaluation it doesn’t makes sense for us to use IDFC variants of Credit Cards including Wealth.

I majorly wanted this card for SPA access but it seems these all now requires a minimum spend of 20k/month to be eligible for next quarter use . If we see it only has a reward rate of 0.5 Rupees per 100 spent on card NOW. It certainly doesn’t deserve for those who are maintaining high balance in Wealth Savings Account for this card. If you got LTF without IDFC wealth account then you can keep it. But still doing transactions on this card doesn’t make sense to me.

Guys let me know if there are good SPA access cards without fee or minimum fee.

I am listing updated benefits below.


BENEFITS

• No Annual/Joining Fees
• 2 Domestic Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 International Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 Spa / Quarter ⇒ 8 visits (20k spends MONTHLY)
• 2 Golf rounds /month ⇒ 24 visits (20k spends MONTHLY)
• 4 complimentary Railway lounge / Quarter ⇒ 16 visits
• 3x rewards points till 20k
• B1G1 Paytm movie offer upto 250

⇒ 1X = 1 Reward Point per ₹150 spent | 1 Reward point = ₹0.25
⇒ 3x = 3 RP/₹150 spent = .75 ₹
⇒ RP/100 ⇒ 0.5 ₹


After 20k
⇒ 10x = 10 RP/ 150 spent = 2.5 ₹
⇒ RP/100 ⇒ 1.6 ₹


Categories not included in the 10X Reward Points threshold: Rental & Property Management, Utility, Insurance, Government Services, Education and Wallet Load.
Reward Points program not applicable on fuel, EMI transactions, & cash withdrawals.
Reward redemption will attract a small convenience charge of ₹99 (+ applicable taxes) per redemption.

Agree, thinking to close it myself. Pros: Its taking up a portion of my total credit limit and some space in excel/notes.
Cons: Does however have visa infinity and associated benefits (roadside assistance etc) and possibility of future offers from idfc.

 

[Desu Sarath]

I closed it yesterday.

 

[Desu Sarath]

Card is closed now.

They offered 2k reward points and converting wealth card to Rupay card as retention.

Didn't took it, they called next day, quoting the same. Still did not considered the offer.

 

[girish3456]

I was upgraded to IDFC Wealth CC recently and was going through features and benefits. It hit me hard when I compiled it as it now appears after devaluation it doesn’t makes sense for us to use IDFC variants of Credit Cards including Wealth.

I majorly wanted this card for SPA access but it seems these all now requires a minimum spend of 20k/month to be eligible for next quarter use . If we see it only has a reward rate of 0.5 Rupees per 100 spent on card NOW. It certainly doesn’t deserve for those who are maintaining high balance in Wealth Savings Account for this card. If you got LTF without IDFC wealth account then you can keep it. But still doing transactions on this card doesn’t make sense to me.

Guys let me know if there are good SPA access cards without fee or minimum fee.

I am listing updated benefits below.


BENEFITS

• No Annual/Joining Fees
• 2 Domestic Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 International Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 Spa / Quarter ⇒ 8 visits (20k spends MONTHLY)
• 2 Golf rounds /month ⇒ 24 visits (20k spends MONTHLY)
• 4 complimentary Railway lounge / Quarter ⇒ 16 visits
• 3x rewards points till 20k
• B1G1 Paytm movie offer upto 250

⇒ 1X = 1 Reward Point per ₹150 spent | 1 Reward point = ₹0.25
⇒ 3x = 3 RP/₹150 spent = .75 ₹
⇒ RP/100 ⇒ 0.5 ₹


After 20k
⇒ 10x = 10 RP/ 150 spent = 2.5 ₹
⇒ RP/100 ⇒ 1.6 ₹


Categories not included in the 10X Reward Points threshold: Rental & Property Management, Utility, Insurance, Government Services, Education and Wallet Load.
Reward Points program not applicable on fuel, EMI transactions, & cash withdrawals.
Reward redemption will attract a small convenience charge of ₹99 (+ applicable taxes) per redemption.

RP - 1 Reward Point per every ₹150 spent and not every ₹100 spent now from 1st May 2024

 

[girish3456]

Yes correct, IDFC wealth CC lost its shine.. not at all preferred for any spending for significant amounts

True friend agree with u. In my case, am just keeping it for availing movie tickets offer

 

[Batmanbaba]

From which variant u upgraded... And how u upgraded...???

 

[girish3456]

From which variant u upgraded... And how u upgraded...???

I have applied directly wealth credit card in the month of August 2023 and it got approved instantly on C2C basis (with HDFC DCB credit card)

 

[P OM]

I was upgraded to IDFC Wealth CC recently and was going through features and benefits. It hit me hard when I compiled it as it now appears after devaluation it doesn’t makes sense for us to use IDFC variants of Credit Cards including Wealth.

I majorly wanted this card for SPA access but it seems these all now requires a minimum spend of 20k/month to be eligible for next quarter use . If we see it only has a reward rate of 0.5 Rupees per 100 spent on card NOW. It certainly doesn’t deserve for those who are maintaining high balance in Wealth Savings Account for this card. If you got LTF without IDFC wealth account then you can keep it. But still doing transactions on this card doesn’t make sense to me.

Guys let me know if there are good SPA access cards without fee or minimum fee.

I am listing updated benefits below.


BENEFITS

• No Annual/Joining Fees
• 2 Domestic Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 International Airport Lounge Access / Quarter ⇒ 8 visit (20k spends MONTHLY)
• 2 Spa / Quarter ⇒ 8 visits (20k spends MONTHLY)
• 2 Golf rounds /month ⇒ 24 visits (20k spends MONTHLY)
• 4 complimentary Railway lounge / Quarter ⇒ 16 visits
• 3x rewards points till 20k
• B1G1 Paytm movie offer upto 250

⇒ 1X = 1 Reward Point per ₹150 spent | 1 Reward point = ₹0.25
⇒ 3x = 3 RP/₹150 spent = .75 ₹
⇒ RP/100 ⇒ 0.5 ₹


After 20k
⇒ 10x = 10 RP/ 150 spent = 2.5 ₹
⇒ RP/100 ⇒ 1.6 ₹


Categories not included in the 10X Reward Points threshold: Rental & Property Management, Utility, Insurance, Government Services, Education and Wallet Load.
Reward Points program not applicable on fuel, EMI transactions, & cash withdrawals.
Reward redemption will attract a small convenience charge of ₹99 (+ applicable taxes) per redemption.

Airport access facility is bogus with queue of 100 people waiting to get in.