What are the benefits of IDFC First Credit Card? - IDFC First Bank Credit Cards

Most people know that IDFC First offers only loans of various types. However, it is recently providing credit cards as well, credit cards which you can apply for only and receive at home! With IDFC First credit cards, you can get 10x reward points. As you know, the more reward points you accumulate, the more you can save up later, apart from buying things with the points. One of the best things about these cards, which is already making people excited over it, is that these credit cards have an interest rate of just 9% a year.

As if that’s not enough, you also get interest-free withdrawals from all ATM machines and no annual/joining fee for the card.

Interested in knowing more about IDFC First credit cards?

In this article, we shall learn about the features and benefits of these credit cards from IDFC First Bank.
 
What are the benefits of IDFC First Credit Card?

• They are lifetime free
• They have no annual fee and renewal fees
• Interest rate starts from 0.75% a month to a maximum of 9% a month.
• The foreign markup fee is 3.5% on all the cards
• There are no charges for redeeming reward points
• There is no Over Limit Fee
• There is no expiry date for your reward points earned from the credit cards
• There are no limits to earning reward points
• These credit cards give you free visit to railway lounges
  

Types of IDFC First Credit Cards

There are 4 types of IDFC First Credit cards. It’s better to learn about all of these first before picking or finalizing one. After all, you don’t want to go home happily with a new credit card only to learn later that another choice would have been better, do you?

The 4 types of IDFC First credit cards are:

1. IDFC First Millennia Credit Card
2. IDFC First Classic Credit Card
3. IDFC First Select Credit Card
4. IDFC First Wealth Credit Card
   

Features of IDFC First credit cards

IDFC First Millennia Credit Card

• Get a Gift Voucher of Rs.500 on spending Rs.15000 within 90 days from card issuance.
• Get 5% Cashback on your first EMI transaction done within 90 days from card set-up.
• Earn 10x Reward Points on all the transactions that are above Rs.20000.
• Spend online through this credit card and earn 6X Reward Points.
• Have a blast on your birthdays because you can earn 10X Reward Points on that day.
• Enjoy 25% Discount on Movie Tickets with a Maximum of Rs.100.
• Enjoy a 20% Discount at more than 1500 restaurants in India.
• Get a Discount of 15% at above 3000 Health and Wellness Outlets.
• Enjoy 4 Complimentary Visits to the Railway Lounges per quarter.
• Get a Cover of Rs.2 Lacs and Rs.25000 for Personal Accident and Lost Card Liability respectively.
• IDFC First Classic Credit Card
• Get a Gift Voucher of Rs.500 as a welcome benefit on spending Rs.15000 within 90 days from card set-up.
• Get a Cashback of 5% on your first EMI transaction done within 90 days from card issuance.
• Earn 10X Reward Points on all the transactions that are above Rs.20000 and on your Birthday.
• Spend online and earn 6X Reward Points and Spend offline and earn 3X reward points through this card.
• Get 4 Free Visits per quarter to the Railway Lounges through the IDFC First Bank Credit Card.
• Get free roadside assistance of Rs.1399.
• Enjoy Personal Accident Cover of Rs.2 Lacs and Lost Card Liability Cover of Rs.25000.
• Get a Fuel Surcharge Waiver of up to Rs.200 every month.

IDFC First Select Credit Card

• This card gives you a welcome give of a Voucher worth Rs.500 after you spend Rs.15000 in the first 90 days.
• Get a Cashback of 5% on your first EMI converted within 90 days from the card set-up date.
• Multiply your Reward Point 10 Times on your birthday and while spending Rs.20000 and above.
• Earn 6X and 3X reward points on online and offline spend respectively.
• Enjoy the Buy One Get One Free offer on movie tickets of up to Rs.250 per ticket twice a month.
• You can enjoy a fuel surcharge waiver of up to Rs.300 per month.
• Get Personal Accident Cover of Rs.5 Lacs and Lost Card Liability Cover of Rs.50000.
• Have free roadside assistance of Rs.1399.
• Get 4 Complimentary Visits per quarter to the Railway Lounges and Domestic Airport Lounges.
• Enjoy a 20% Discount at 1500+ Restaurants and 15% discount at over 3000 health and wellness outlets.
• Get a comprehensive Travel Insurance Cover of Rs.22500.

IDFC First Wealth Credit Card

• Enjoy a welcome give of a Voucher worth Rs.500 once you spend Rs.15000 in the first 90 days from the card issuance date.
• Get 5% Cashback on your first EMI converted within 90 days from the card set-up date.
• Enjoy 10X Reward Points on your birthday and on every spending of Rs.20000 and above.
• Earn 6X and 3X reward points on online and offline transactions respectively.
• Enjoy Complimentary Golf Rounds through the IDFC First Credit Card.
• Get the Buy One Get One Free offer on movie tickets of up to Rs.500 per ticket twice a month.
• Get a fuel surcharge waiver of up to Rs.400 per month.
• Have a Discount of 20% at 1500+ Restaurants and a discount of 15% at over 3000 health and wellness outlets.
• Enjoy 4 Complimentary Access to Domestic and International Airport Lounges and Spas every quarter.
• Get 4 Free Visits to the Railway Lounges per quarter.
• Get a Comprehensive Travel Insurance Cover of $1200.
• Have an Air Accident Cover of up to Rs.1 Crore and Lost Card Liability Cover of Rs.50000.
• Get a Personal Accident Cover of Rs.10 Lacs.
  

Documents needed to get IDFC First Bank Credit Cards

• Identity Proof:- Any one of the following- PAN Card, Aadhar Card, Voter I.D. Card, Passport, Driving License.
• Address Proof:- Any one of the following: Ration Card, Electricity Bill, Telephone Bill, Driving License, Passport, Voter I.D. Card, Last 2 Months Bank Statement.
• Income Proof:- Any one of the following: Form 16, Latest Salary Slips, Income Tax Return Documents, Audited Financial Document, Business Continuity Proof.
• Age Proof:- Any one of the following: Pass Certificate of 10th Standard, Passport, Birth Certificate, Voter I.D. Card.
  

Fees and other charges

• Joining fee: Lifetime free
• Renewal fee: Lifetime free
• Minimum interest rate: 0.75% per month or 9% per annum
• Maximum interest rate: 2.99% per month or 35.88% per annum
• Foreign markup fee: 3.5%
• Late payment fee: 15% of total amount due. Minimum of 100 and maximum of 1000
• International cash advance fee: Rs. 250
• Domestic cash advance fee: Rs. 250
• Fee for redemption of reward points: No fee
• Validity of reward points: Unlimited