IDFC FIRST WOW! Credit Card

Rewards Program

• 4 reward points for every Rs. 150 spent online, offline & internationally
• 1 reward point for every Rs. 150 spent on utilities & insurance premium
• Redeem reward points at a value of 1 RP = Rs. 0.25

Note: No reward points will be offered on fuel, EMI & cash withdrawal transactions.

Travel Benefits

• Zero forex markup fee

Fuel Benefit

• 1% fuel surcharge waiver, up to Rs. 200 per month

Low fees & Charges

• 6.3% p.a. interest on the FD amount
• Foreign currency cash withdrawal at Rs. 199, with no interest for up to 45 days
• Increase credit limit with an additional fixed deposit amount starting from Rs. 5,000
• Cash withdrawal limit of up to 100% of the FD amount

Insurance Benefits

• Card Liability Cover: Up to Rs. 25,000
• Personal Accident Insurance: Rs. 2 Lakh
• Purchase Protection: Rs. 25,000

IDFC FIRST Digital RuPay Credit Card IDFC 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:

• Age Requirement: 18 years
• Minimum FD Amount: 20,000
• Employment: Students, Travellers, First-time Employees, Self-employed, Homemakers and Senior Citizens

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:

• You are looking for a lifetime free card with basic benefits
• You want a secured credit card without income proof requirements
• You are not eligible for unsecured cards and want to build your credit score
• You are looking for a card with zero forex markup fee to save on international spends

Consider other options if:

• You don’t want to block money in a fixed deposit
• You want to earn high reward points across all spends
• You have a good credit score and can get unsecured cards with better benefits
• You want to avail premium travel benefits like complimentary lounge access, hotel memberships, and more

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.