IDFC Credit Card - Rupay virtual card - How to make it lifetime free instead of Rs.199 (clever trick by IDFC to make all their existing cards PAID CARDS)
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Btw any one know why this IDFC is charging 199+GST for rupay virtual credit card, damn is it a way to make their lifetime free card into an annual fee card, anyone know the reason? or the trick behind it?
Heard there is no spend waver criteria exist for this virtual rupay card either soooo i am thinking they are not worth it for the 199+GST annual renewal charge..
Any suggestion? on how to make this IDFC virtual rupay card lifetime
Effectively IDFC made ALL THEIR CARDS with 199+GST since this virtual card is addon to existing cards in visa and master, clever trick xD by IDFC to make all their cards as PAID CARDS
Understand all this before applying for IDFC rupay VIRTUAL CARD if its worth the money for you (for me personally its not if there is no waver)
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Ya but IDFC never tried this annual fee type of cards , so they are trying that with rupay same limit sharing cards i think, but one thing they forgot is rupay is not that much of a value for getting it for paid when rupay is free stuff promoted by Govt in all other banks
Not sure its worth this way to get rupay for consumer (i mean to say is , just this rupay value only is not enough for a consumer to pay REGULAR annual fee without waver options)
Consumer is king than investor... so if they (IDFC) fail consumers, investor will definitely fail
Idfc Clearly Mentioned 199 + gst... No LTF ,
But U Will Get 200rs Cashback... If U Spend More Than 50rs 4 Times Either Scan And Pay ( Or ) Online Pay Via Rupay UPI With In 15 Days... 200 Cashback Will Be Credited On Next Statement Generation
I even emailed IDFC regarding this and they said the same thing as clearly mentioned in the MITC document lol
Quote from their email reply:
Please be informed that all the Rupay credit cards are chargeable credit cards and hence charges will be applicable as per the fees and charges mentioned in the in the Most Important Terms and Conditions (MITC) on Website. Please refer the below link for complete details:
https://www.idfcfirstbank.com/content/dam/idfcf...
Butttt is 199+GST worth it??? when we get virtual rupay for free from some other banks or primary card with rupay is entirely free to switch to
By the way this cashback by 4 transactions Rs.50 cash back each is only available for 1st year after that we are slave to annual fee, there is NO waver option , how you view this?
I wont mind non LTF, butttt why there is no waver option????
Effectively making ALL THEIR CARDS with 199+GST since this virtual card is addon to existing cards in visa and master, clever trick xD by IDFC to make all their card PAID CARDS
Can we get that on idfc wow 5k card?
only joining fee of 199+GST is waved using 4 transaction of Rs.50 cashback
but NO WAVER available for Rs.199+GST yearly annual charge
so chose it only if you are okay with it
else go with rupay unsecured primary card from anyvariant SBI or some other banks
![Instamart: Get Flat ₹50 Off on orders above ₹399 [USER SPECIFIC]](https://cdn1.desidime.com/topics/photos/1883335/medium/ymXDmYihTOzgPDddKSvZRKzXkboAapBF2yoFIeQBaWSAJmC9IUpSPKgvfaAgS5yFxQ_w240-h480.?1732370463)
how will they attract investors if they will sell each product for free?
their is something called fixed revenue sources in balance sheet.