💳If you are looking for an entry-level card, IDFC’s FIRST Millennia credit card is the right choice for you.
💳This is a reward points-based credit card with a decent rewards program.
💳It offers up to 10x Non-Expiring Reward points which can be redeemed at any point in time.
💳If someone is fond of traveling via trains, then this card provides complimentary Railway Lounge access four times a quarter making your traveling experience a lot more luxurious.
💳 Other card benefits include a discount of up to 25% on movies, up to 20% off on dining, complimentary roadside assistance, and many more.
💳Plus, it is a lifetime free, zero fee annual fee credit card🤑
💳Interest Rates Starting from 0.75% and goes up to 3.5% per month.
🔶IDFC FIRST Classic Credit Card
(Mid level credit card)
💳It is also a no annual fee credit card issued by the bank.
💳The card comes without any joining fee but keeps all the requirements of its customers in mind.
💳It welcomes you with a gift voucher worth Rs. 500 and a 5% cashback on your first EMI transaction.
💳With this card, you get 3 Reward Points on every Rs. 150 spent on offline purchases and 6 for every Rs. 150 spent on online purchases.
💳 you get 4 complimentary Railway lounge access every quarter, up to 20% discount on dining, and a discount of 25% on movies.
💳25% discount on movie tickets on the Paytm app, up to Rs. 100, once per month.
💳4 complimentary Railway lounge access every quarter.
💳More than 300 partner merchant offers.
💳Get free Road Side Assistance worth Rs. 1399
💳Get personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000
🔶IDFC First Select credit card
(Premium credit card)
💳 It is one of the premium and most popular cards offered by IDFC First Bank.
💳 You get a welcome voucher worth Rs 500 on achieving spends of Rs. 15,000 or more.
💳 Furthermore, you also get a cashback of up to 5% on your EMI transactions.
💳Under its reward programs, you get up to 10x Rewards on your regular spending and redeem
💳 You also get 1+1 offers on movie ticket bookings with PayTM mobile app.
💳10x Rewards for every Rs. 125 spent on purchases above Rs. 25,000.
💳10x RPs on every Rs 125 all spends on your birthdays.
💳6x Reward points on every Rs 125 spent on online spendings.
💳Complimentary railways and airport lounge access every quarter.
💳 Air accident cover worth Rs. 1 Crore and Personal Accident Cover worth Rs 5,00,000
💳Lost card liability covers worth Rs. 50,000.
💳1% fuel surcharge waived on all fuel purchases.
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🔶The IDFC FIRST Wealth credit card (Super Premium credit card)
💳It is the top-end offering by the bank. Despite its premium features, like the other three cards in the line-up, the Wealth credit card also comes with a zero annual membership fee.
💳Gift voucher worth Rs. 500 on spending Rs. 15,000 within 90 days and a 5% cashback on the first EMI transaction performed within 30 days of card setup.
💳6x Rewards on all online spends.
💳3x RPs on all offline spends (for spends up to Rs. 30,000).
💳10x Reward Points on large spends of Rs. 30,000 or more.
💳10x Reward Points on all transactions on your birthday.
💳Air accident cover worth Rs. 1 crore and personal accident cover worth Rs. 10 lakh.
💳1% fuel surcharge waiver.
💳BOGO (Buy one Get one free) offer on movie tickets on the Paytm app with up to 2 complimentary tickets every month capped at Rs. 500 each.
💳4 complimentary domestic and international airport lounge access (combined) per quarter
💳4 complimentary railway lounge access per quarter.
💳Get free airport meet and greet with discounts on fast track immigration and other services at more than 450 global destinations.
💳Great discounts on Airport limousine service in more than 3000 cities in over 80 countries.
💳Concierge service to help you book your flights, hotels, dining, and other experiences.
💳You get a complimentary golf round for every Rs. 20,000 spent in the previous month.
💳You can enjoy up to 2 complimentary golf rounds in a month.
🔶FIRST Power credit card.
💳The card is in association with RuPay and HPCL that allows users to save Rs. 7000 every year and by almost 65 litres of fuel every year.
💳 Cardholders can enjoy fuel benefits by paying at more than 20,000 HPCL outlets through the HP Pay App along with a host of other lifestyle privileges.
💳 Rs. 199 plus taxes but No Joining Fee as an introductory offer
💳Save up to 5% on fuel expenses up to a maximum of Rs. 5000 per month.
💳Save up to 2.5% on utility expenses and grocery spends up to a maximum of Rs. 4000 per month.
💳Save up to 2.5% on IDFC FASTag recharge up to a maximum of Rs. 2000 per month.
💳2x reward points on other retail spends
💳Get cashback up to Rs. 250 on your 1st HPCL transaction of at least Rs. 250 or more.
💳Get Rs. 150 discount on Swiggy orders above Rs. 500
🔶IDFC Bank HPCL First Power and Power Plus Credit Card.
💳this credit card helps you save up to Rs. 18,500 annually which is apparently enough to buy you around 175+ litres of fuel , so you can get free fuel.
💳Save up to 6.5% on fuel spends with the credit card.
All the cards offer great benefits and the best part is that they are life time free cards 🤑
You can apply for IDFC First Bank cards from the link below
Lending money to friends and family can invite unnecessary headache🥵
The Do's & Don’ts of lending money to friends and family 🧵⬇️
🔴Don’t lend to someone you don’t trust
🔷 Ask why they need a loan
Knowing the purpose behind the loan helps you set better repayment terms. In fact, it also makes it easier for you to refuse the loan, should you find it risky.
🔷Assess your financial situation
➡️Secondly, assess your own financial situation. Make sure that you have adequate savings to help them out and do not end up cutting down your living expenses or investments.
PVC Pipe Industry🧵
The Indian PVC pipes and fittings market expected to register 15% CAGR during FY22 - FY26
The domestic plastic pipes industry size at ~ Rs 340Bn
Organized players account for ~60% market share.
Source - Apollo Pipes Q3 FY22 Investor presentation 👨🔧 @ishmohit1
Key features of plastic pipes against other pipes
- Lightweight
- Ease of transportation
- Longer life span
Key growth drivers:
- Government's push for cleanliness and sanitation to boost water management sector
- Increased Building of affordable houses and growing housing demand
- Requirement for infrastructure for irrigation and water supplies.
Robust fundamentals, strong business performance
PAT 386 Cr. A 84% Yor
New accounts 1million up 10% YOY
Net spends 55k cr up 47% YOY
Total revenue at 3140 cr up 24% YOY
ROAA at 5.0% up 179 bp YOY .
Bajaj Finance - how does Bajaj Finance make money on no cost EMI ? how is it a goldmine for customer acquisition and collecting insights and data on customers for bajaj finance?
Bajaj Finance is India’s largest consumer durable financier and finances more than 70% of all consumer durables financed in India. BAF’s mainstay is no cost EMIs where a consumer who buys a TV, AC or a fridge is offered a 0% EMI with no/minimal processing fees. 1/
Such a transaction is a win-win-win for the customer, the manufacturer and for Bajaj Finance because: 2/
Laurus Labs Ltd. – A leading research-driven pharmaceutical company. 1/
Laurus Labs was established in 2006 with an initial seed capital of Rs.60 crores by a chemist and repeat entrepreneur, Dr. Satyanarayana Chava, who has three decades of experience in the pharmaceutical industry. 2/
Dr. Chava worked as the Chief Operating Officer for Matrix Laboratories Limited prior to founding Laurus Labs. By 2008, Laurus had begun its decade-long journey in APIs. These are the chemicals or the key ingredients used in drugs. 3/