IDFC First Bank First Private Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Get 2 lakh bonus point worth INR 50,000.
Milestone Benefits
Cashback Rate
Users will get 6X and 3X reward points on online and in-store spends respectively on spends upto ₹30,000 per month.
1 Reward Point = Rs 0.25. General online cashback rate: 1.5%.
Get 10X Reward Points on incremental spends above ₹30,000 per month and spends done on your birthday. Cashback Rate: 2.5%.
Earn up to 10X reward points on all general spends. 1 reward point =Rs 0.25. General cashback rate: 2.5%. 3x points on rent and education spends. Rent and education cashback rate: 0.75%. 1x points on insurance premium. Insurance cashback rate: 0.25%.
Movie Benefits
Dining Benefits
Other Benefits
Ulimited complimentary golf rounds every month.; Unlimited fuel surchage waiver.; No late payment charges.; Free travel and air accident insurance cover of Rs 1 crore for cardholder.; Cancellation for any reason (CFAR) insurance of flights upto Rs 50,000.; Low Interest rate : 0.75% (monthly) 9% (yearly); No overdraft charges.; 0% Forex Markup.
Lounge Access
Fees & Charges
Joining Fee
s: INR 50,000.
Annual Fee
INR 50,000.
Cash Advance Fee
INR 199 (plus taxes).
Interest rate
9% per annum.
Late Payment Fee
Late Payment Fee: INR 0.
Foreign Currency Transactions Fee
Forex Markup: 0% for all international transaction.
Other Fees
Cash advance transaction fees: INR 199 (plus taxes). | Reward Redemption Fee: INR 99 (plus taxes).
Cons
High joining & annual fees of Rs 50,000/ per annum each.
Low cashback rate in comparison to other premium cards.
Welcome benefits: Visa Infinite Platform: Airport Limo Transfer Program, Meet & Greet Immigration Services Affluent Dining Program. Epicure membership across Taj Hotels, SeleQtions and Vivanta hotels. 24x7 concierge service
Rewards program: Earn up to 10X reward points on all general spends. 1 reward point =INR 0.25. General cashback rate: 2.5%. 3x points on rent and education spends. Rent and education cashback rate: 0.75%. 1x points on insurance premium. Insurance cashback rate: 0.25%.
Airport lounge access: Users will gets unlimited access to all domestic and international airport lounges and airport spas in India.
Ulimited complimentary golf rounds every month.
Unlimited fuel surchage waiver.
No late payment charges.
Free travel and air accident insurance cover of INR 1 crore for cardholder.
Free unlimited railway lounge access.
Cancellation for any reason (CFAR) insurance of flights upto INR 50,000.
Low Interest rate : 0.75% (monthly) 9% (yearly)
No overdraft charges.
0% Forex Markup.
Karma Points - Bank donates karma points in your name for every amount spent beyond Rs 30,000. INR 100 = 1 karma Point = INR 0.25. 10% (Rs 25,000 Cap)of your birthday spend is donated by the bank in your name as karma points. You can select one of 8 listed causes.
Get upto 750 discount on movies, non movies & food combos twice in a month.
Rewards & Benifits
Welcome Benefits
Welcome Benefits: Get 2 lakh bonus point worth INR 50,000.
Rewards System
International Forex Markup
0%.
Welcome Benefits and Reward System
Special Features
Special Feature: Low interest rates: Interest rates started from 9% per annum.
Eligibility Criteria
By Invitation Only.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
The card is available by invitation only.
Contact Details
This card is available by invitation only.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome benefits: Visa Infinite Platform: Airport Limo Transfer Program, Meet & Greet Immigration Services Affluent Dining Program. Epicure membership across Taj Hotels, SeleQtions and Vivanta hotels. 24x7 concierge service
Rewards program: Earn up to 10X reward points on all general spends. 1 reward point =INR 0.25. General cashback rate: 2.5%. 3x points on rent and education spends. Rent and education cashback rate: 0.75%. 1x points on insurance premium. Insurance cashback rate: 0.25%.
Airport lounge access: Users will gets unlimited access to all domestic and international airport lounges and airport spas in India.
Ulimited complimentary golf rounds every month.
Unlimited fuel surchage waiver.
No late payment charges.
Free travel and air accident insurance cover of INR 1 crore for cardholder.
Free unlimited railway lounge access.
Cancellation for any reason (CFAR) insurance of flights upto INR 50,000.
Low Interest rate : 0.75% (monthly) 9% (yearly)
No overdraft charges.
0% Forex Markup.
Karma Points - Bank donates karma points in your name for every amount spent beyond Rs 30,000. INR 100 = 1 karma Point = INR 0.25. 10% (Rs 25,000 Cap)of your birthday spend is donated by the bank in your name as karma points. You can select one of 8 listed causes.
Get upto 750 discount on movies, non movies & food combos twice in a month.
High joining & annual fees of Rs 50,000/ per annum each.
Low cashback rate in comparison to other premium cards.
The credit card comes with a number of value add features. The card is one of the the most premium credit card. The cashback offered by the car is below par.
The credit card comes with a number of value add features. The card is one of the the most premium credit card. The cashback offered by the car is below par.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual Fee: INR 50,000.
Joining Fees: INR 50,000.
Cash advance transaction fees: INR 199 (plus taxes).
Late Payment Fee: INR 0.
Forex Markup: 0% for all international transaction.
Reward Redemption Fee: INR 99 (plus taxes).
Fuel Surcharge
No fuel surchage.
Billing Cycle
30 Days.