IDFC First Wow Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 5% cashback (up to ₹1000) on the first EMI done within 30 days of card generation.; Lifetime free card (No joining/annual fees).
Milestone Benefits
Cashback Rate
Users will get 4 reward points per Rs. 150 spent.
The value of 1 reward point = Rs 0.25. Cashback rate: 0.66%.
Movie Benefits
Dining Benefits
Other Benefits
Zero documentation & credit score check.; 100% credit limit of your FD amount.; Zero Forex mark up fees.; 100% cash withdrawal of FD amount.; Complimentary roadside assistance worth ₹139.; Fuel charges waiver of 1% at all the fuel stations across India, up to ₹200/month.; Personal accident cover of ₹2,00,000 and Lost card liability cover of ₹25,000.
Lounge Access
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 5% cashback (up to ₹1000) on the first EMI done within 30 days of card generation.; Lifetime free card (No joining/annual fees).
Milestone Benefits
Cashback Rate
Users will get 4 reward points per Rs. 150 spent.
The value of 1 reward point = Rs 0.25. Cashback rate: 0.66%.
Movie Benefits
Dining Benefits
Other Benefits
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Lounge Access
Fees & Charges
Joining Fee
0
Annual Fee
No Annual Fee (lifetime free credit card).
Cash Advance Fee
Rs 199 (plus taxes)
Interest rate
3.6% per month (52.86% per annum).
Late Payment Fee
Late Payment Fee: 15% of Total Amount Due (minimum Rs 100 & max Rs 1250).
Foreign Currency Transactions Fee
Forex Markup: 0% for all international transaction.
Other Fees
No Add-on Card Fee. | Interest free cash withdrawl for up to 48 day. | Cash advance transaction fees is Rs 199 (plus taxes) | OVL Charges: 2.5% of the over-limit amount subject to a minimum charge of Rs 500. | Reward Redemption Fee : Rs 99 (plus taxes). | EMI Fees: 1% of transaction value (minimum Rs99).
Fees & Charges
Joining Fee
0
Annual Fee
No Annual Fee (lifetime free credit card).
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
3.6% per month (52.86% per annum).
Late Payment Fee
Late Payment Fee: 15% of Total Amount Due (minimum Rs 100 & max Rs 1250).
Foreign Currency Transactions Fee
Forex Markup: 0% for all international transaction.
Other Fees
No Add-on Card Fee. | Interest free cash withdrawl for up to 48 day. | Cash advance transaction fees is Rs 199 (plus taxes) | OVL Charges: 2.5% of the over-limit amount subject to a minimum charge of Rs 500. | Reward Redemption Fee : Rs 99 (plus taxes). | EMI Fees: 1% of transaction value (minimum Rs99).
Special Features
Lifetime free card (No joining/annual fees).
Eligibility Criteria
Applicant must be aged 18 yrs. or above.
Indian Resident.
Minimum FD : Rs 2000 (existing account holder) & Rs 5000 (others).
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for an IDFC FIRST WOW! Credit Card:
Go to the IDFC FIRST Bank website and click on the "Credit Cards" tab.
Click on the "WOW! Credit Card" link.
Click on the "Apply Now" button.
You will need to create an account or login to your existing account.
Enter your personal and contact details.
Select the type of fixed deposit you want to create.
Fund your fixed deposit.
Complete the KYC process.
Submit your application.
The IDFC FIRST WOW! Credit Card is a secured credit card, which means that it is backed by a fixed deposit.
Contact Details
Toll Free No: 1860 258 2000
Whatsapp banking (for registered Nos): Number to connect: 95555 55555
Email us at Banker@idfcfirstbank.com
Account Opening and Procedure
IDFC First Wow Credit Card is a decent secured card. It has limited number of value add features however, most secured credit cards offer only a limited number of value add features. In its class, i.e., secured credit cards, it offers a decent number of benefits.
IDFC First Wow Credit Card is a decent secured card. It has limited number of value add features however, most secured credit cards offer only a limited number of value add features. In its class, i.e., secured credit cards, it offers a decent number of benefits.
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