How to Redeem IDFC FIRST Bank Credit Card Reward Points

IDFC First Bank has recently entered the field of banking. This happened after IDFC Bank and Capital First merged with each other and together formed the IDFC FIRST Bank Limited. Soon after entering the banking sector and to give tough competition to the already existing players in the market, IDFC FIRST Bank launched its credit cards which offer exclusive features and benefits to the cardholders with minimum charges. This bank issues credit cards starting from high-end to basic credit cards. The bank has launched 4 credit cards and all the credit cards do not charge any membership fee from the customers. With these credit cards, the cardholders can earn generous reward points while they make regular spends using their credit cards.

But on the other hand, a cardholder should not just be concerned with earning reward points but should also know how to redeem them to gain maximum benefits from a credit card. In today’s time, there are multiple ways in which credit card reward points can be redeemed hence, it becomes difficult for a credit cardholder to opt for the correct and appropriate method of redemption. In addition to the different methods of redemption, the monetary value of the reward points differs from card to card. Hence, if a credit cardholder wants to gain the maximum advantage, the cardholder should have in-depth knowledge of all the redemption methods and monetary values of the reward points. Hence, by the end of this article, we will make sure that you are well aware of the redemption methods and their procedures so that you can redeem your reward points smoothly.

How To Earn IDFC FIRST Bank Credit Card Reward Points 

Your account will get credited with reward points for each and every purchase that you make using a credit card. The reward points might vary from card to card and also on the basis of the amount that you spend using these cards. Therefore, to earn maximum reward points, you should first analyze your spending pattern and then get a credit card. The reward structure of the IDFC FIRST Bank Credit Cards is explained in the table below –

How to redeem IDFC FIRST Bank Credit Card Points?

IDFC FIRST Bank has dedicated a rewards portal for the redemption of reward points known as the Poshvine Reward Portal. When a credit cardholder has accumulated decent reward points in his account, he can easily redeem them on the Poshvine Reward Portal. Generally, the IDFC FIRST Bank Credit Card Points do not have an expiry date but even then still the cardholders should go through the terms and conditions page on the bank’s website to have a clear knowledge once before initiating the redemption process.

The points so earned can be redeemed in 2 different ways – Through Online mode or Through Offline mode.

Online Mode

Redeeming the reward points through online mode is the most easiest and smooth way of redeeming reward points. The points can be redeemed anywhere and at anytime. You can follow the below-mentioned steps to redeem the reward points –

• Visit the official page of the Poshvine Reward Portal.
• Login to the portal using your registered id and password.
• Once you have arrived on the home page, click on the ‘Redeem Points’ option.
• From a vast variety of products and vouchers available on the website, select the vouchers of the stores where you would like to redeem your reward points.
• Start adding the vouchers to the cart.
• Punch in the number of reward points you would like to use against the vouchers.
• Now proceed to ‘Checkout’
• Mark a tick on the box mentioned against the ‘Terms and Conditions’ and click on ‘Redeem’ to complete your purchase.
• For the purpose of redemption, 1 Reward Point = Rs. 0.25

Once your redemption order is confirmed, the cardholder will receive the vouchers on the mobile number and e-mail id that is registered with the bank.

Offline Mode

For the applicants who do not use net banking or mobile application, the cardholders can redeem the reward points through offline mode as well. You can download the Reward Redemption Form from the IDFC FIRST Bank’s website. Take a printout of it and fill in all the required details. Finally, mention your name and date on the form and put your signature on the form. You can now post the filled form at the address mentioned on the form itself.

Additionally, you can also call on the customer care number mentioned on the backside of the credit card number and ask the executive to guide you regarding the redemption process.

Things to remember

• The reward points that the cardholders earn with the IDFC FIRST Bank Credit Card keep accumulating as and when you make transactions using your credit card. As in the case of other credit cards, the reward points earned with IDFC FIRST Bank Credit Cards do not expire. They keep on adding to your account and you can redeem them whenever you feel like redeeming them.
• Secondly, the cardholders will not have to pay any redemption fee whenever they redeem the credit card points against products and vouchers.

Bottom Line

IDFC FIRST Bank offers generous reward points to the credit cardholders while the cardholders continue to spend using their credit card. The cardholders can earn higher reward points while they spend above a specific amount through their credit card. But a cardholder should not just be concerned about earning reward points but should also have knowledge of how to redeem those points. For this, IDFC FIRST Bank has dedicated a separate portal named Poshvine Reward Portal for redeeming the reward points. On this portal, the cardholders can redeem the reward points against products and vouchers present on the website. But the cardholders should properly research once before initiating the redemption process so that the credit cardholders gain the maximum benefit from the credit cards.

We hope that with this article, we have cleared all the doubts relating to IDFC FIRST Bank Credit Card Reward Redemption, but still, if you have any kind of confusion related to this process, please feel free to ask us in the comment section below!