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IDFC FIRST WOW! Credit Card is a secured credit card that is issued against a minimum fixed deposit (FD) amount of Rs. 20,000. This is a lifetime free credit card offering value-back through reward points. Besides this, it charges zero forex markup fees, allowing cardholders to save significantly on their overseas spends. Consumers can avail this credit card without any credit history or income proof and save on their everyday spends while earning up to 6.3% p.a. interest on the FD amount. Read on to know more about this secured credit card.
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Key Highlights of IDFC FIRST WOW! Credit Card |
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| Card Type | Secured Credit Card (Backed by FD) |
| Annual Fee | Nil |
| Reward Points | Up to 4X rewards on both online & offline spends |
| Minimum FD Amount | Rs. 20,000 |
| FD Interest Rate | 6.3% p.a. |
| Credit/ Cash Withdrawal Limit | 100% of the FD amount |
| Overall Rating | ★★★ (3/5) |
Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit IDFC FIRST Bank’s website.
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Rewards Program
Note: No reward points will be offered on fuel and EMI transactions.
Travel Benefits
Low fees & Charges
Insurance Benefits
IDFC FIRST Digital RuPay Credit CardIDFC FIRST credit cardholders can apply for digital RuPay credit card which is linked to the existing card. The card comes with a joining and annual fee of Rs. 199 and offers up to 3X reward points on UPI spends. |
To be eligible for this credit card, the applicant must be an Indian resident and also meet the below eligibility criteria:
| Type of Fee/ Charge | Amount |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Finance Charges | 0.71% to 3.85% p.m. (8.5% to 46.2% p.a.) |
| Overdue Interest | 3.99% p.m. (47.88% p.a.) |
| Late Payment Fee | 15% of total amount due (Min. Rs. 100 and Max. Rs. 1,300) |
Click here for the detailed fees & charges and other terms & conditions.
Consumers who are eligible for this credit card can apply online by following the steps below:
Step 1: Visit the official website of IDFC FIRST Bank and navigate to the card’s page.
Step 2: Click on “Apply Now” to register and verify your details.
Step 3: Fund your fixed deposit amount online (minimum Rs. 20,000).
Step 4: Complete your KYC by entering the required details.
After successful KYC verification, the card will be issued instantly.
IDFC FIRST WOW! Credit Card is a suitable option for new-to-credit consumers looking to start their credit journey. With no joining or annual fee, this card offers decent value-back through reward points across all categories. Cardholders can earn 4X rewards on all spends and a base reward of 1 point per Rs. 150 on usually excluded categories, including utilities and insurance. While it comes with a decent reward-earning rate, it has a low reward redemption value of Rs. 0.25 per point, which impacts its overall value. Besides rewards, cardholders can also save on their international spends with a zero forex markup fee, a benefit that is usually offered with premium credit cards.
Consider this card if:
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How can I apply for IDFC FIRST WOW! Credit Card?
You can apply for this credit card online by visiting the official website of the bank and registering by entering your details. You are required to open a fixed deposit (FD) of a minimum of Rs. 20,000 to apply for this card. After this, your KYC will be done, and the card will be issued instantly.
How can I generate my IDFC FIRST WOW! Credit Card PIN?
You can generate your PIN online through net banking. You are required to log in to the net banking app or portal, select the “Set New PIN” option under the credit cards section, and then verify the details by entering the OTP sent to your registered mobile number.
What is the minimum FD amount required to apply for IDFC FIRST WOW! Credit Card?
IDFC FIRST WOW! is a secured credit card issued against a fixed deposit. You can apply for this credit card with a minimum FD amount of Rs. 20,000.
What is the forex markup fee on IDFC FIRST WOW! Credit Card?
This credit card comes with zero forex markup fee, which makes it a suitable option for international spends. Cardholders can spend internationally using this credit card without any additional fee.
What is the credit limit offered on IDFC FIRST WOW! Credit Card?
The credit limit offered on this credit card is up to 100% of the fixed deposit amount.
Can I increase my IDFC FIRST WOW! Credit Card’s limit?
Yes, you can increase your credit limit by adding an additional fixed deposit amount starting from Rs. 5,000.
