new Delhi. If you are a customer of IDFC First Bank, the leading private sector bank, then there is important news related to your pocket. Actually, the bank has changed the cashback structure of IDFC First Bank Credit Card. From April 17, 2022, 10X Reward Points will not be available for making rent payment through IDFC First Bank Credit Card.
According to the bank’s website, at present, rental and property management transactions done through the IDFC First Bank credit card are part of the 10X rewards program and 10X threshold calculation. But with effect from April 17, 2022, IDFC First Bank Credit Card customers will be able to earn only 3X rewards on rental and property management transactions and will not be eligible for 10X reward program and 10X threshold calculation.
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IDFC First Bank mainly issues 4 types of credit cards- FIRST Millennia Credit Card, FIRST Classic Credit Card, FIRST Select Credit Card and FIRST Wealth Credit Card. All these credit cards target different segments of customers. Some of the facilities available in all these four credit cards are similar. The biggest feature of all IDFC credit cards is that there is no capping on the reward points. Meaning you can get unlimited reward points in one billing cycle. This reward point never expires.
All 4 cards have these special features
>> 6X reward points on all online spends (reward rate – 1.5%)
>> 3X reward points on all offline spends (reward rate – 0.75 per cent)
>> 10X Reward Points (Reward Rate – 2.5 percent) on all spends on the day of Birthday
>> 10X Reward Points (Reward Rate- 2.5 percent) on all expenses above 20 thousand rupees in a month
>> No Reward Points on Fuel, EMI, Insurance Transactions and Cash Withdrawal
Tags: Cashback Offers, credit card, IDFC first bank
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