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IDFC First Bank First Wow Credit Card

Product Details
Credit Card Name : 

IDFC First Bank First Wow Credit Card

Bank Name :

IDFC First Bank

Type :

Rewards Credit Card

Interest Rate : 

3.6% per month (52.86% per annum).

Eligibility :

Applicant must be aged 18 yrs. or above.
Indian Resident.
Minimum FD : Rs 2000 (existing account holder) & Rs 5000 (others).

IDFC First Bank First Wow Credit Card
Pros
  • Lifetime Free Card (No joining/annual fees0

  • Zero documentation & Credit score check

  • 100% credit limit of your FD amount.

  • 4x Rewards on your every spend and upto 6.25% interest p.a. on FD

  • Zero Forex mark up fees

  • Retail therapy all year long with 300+ merchant offers and 20% discount across 1,500+ restaurants.

  • 100% Cash withdrawal of your 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.

  • Up to 20% discount at 1500+ restaurants | Up to 15% discount at 3000+ Health & Wellness outlets.

Cons
  • Low cashback rate.

  • Limited number of value add features. 

Pros & Cons
Welcome Benefits

5% cashback (up to ₹1000) on the first EMI done within 30 days of card generation.

Rewards System

4 Reward Point per Rs150 spent. 1 Reward Point = Rs 0.25. Cashback Rate: 1%.

International Forex Markup

3.5%.

Welcome Benefits and Reward System
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).

Benefits
  • The IDFC First Bank WOW! Credit Card is a secured credit card that offers a number of benefits, including:

  • No annual fee or joining fee

  • Low interest rates, starting at 7.25% p.a.

  • High credit limit, up to 100% of the fixed deposit amount

  • 4X reward points on all eligible spends

  • Complimentary roadside assistance

  • Fuel surcharge waiver of 1% at all fuel stations across India, up to ₹200/month

  • Personal accident cover of ₹2,00,000

  • Lost card liability cover of ₹25,000

  • Up to 20% discount at 1500+ restaurants

  • Up to 15% discount at 3000+ Health & Wellness outlets

  • Airport lounge access

  • Complimentary movie tickets

  • Ability to convert transactions into EMIs

  • Balance transfer privileges

  • Pay using reward points at partner merchants and online purchases

  • The IDFC First Bank WOW! Credit Card is a good option for people who are looking for a secured credit card with no annual fee or joining fee. It also offers a number of other benefits, such as high credit limit, low interest rates, and reward points.

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 Bank First Wow Credit Card

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

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

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Fees & Charges
  • No Annual Fee (lifetime free credit card).

  • 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.

  • Late Payment Fee: 15% of Total Amount Due (minimum Rs 100 & max Rs 1250).

  • Forex Markup: 0% for all international transaction.

  • Reward Redemption Fee : Rs 99 (plus taxes).

  • EMI Fees: 1% of transaction value (minimum Rs99).

Fuel Surcharge

1%, however, the fuel surchage is wiaved upto INR 200 per month.

Billing Cycle

30 Days.

Fees & Charges
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