IDFC First Bank Credit Cards June 2024

IDFC First Bank Credit Card Features and Benefits

Each IDFC Bank Credit Card offers distinct benefits tailored to suit your needs. Here, we’ve outlined some of the general advantages:

1. Lifetime Free: IDFC FIRST Bank provides four credit cards that come with no joining or annual fees, making them free for life. The top lifetime free options include IDFC FIRST Wealth, IDFC FIRST Select, IDFC FIRST Millennia, and IDFC First Classic. Millennia and Classic are particularly suitable for beginners due to their easier eligibility criteria, with a monthly income requirement as low as Rs. 25,000.

2. Allround Benefits: While many IDFC cards offer specialised benefits in specific categories, they also provide basic advantages related to fuel, dining, insurance coverage, and travel. For instance, the IDFC FIRST HPCL Power+ Credit Card offers boosted rewards on fuel transactions, along with perks like cashback on EMI transactions, ZoomCar discounts, 5% savings on FASTag recharges, and benefits for utility and grocery spending.

3. Reward Points: Each IDFC Credit Card earns rewards on both online and in-store transactions across various categories like shopping, travel, and dining. Additionally, you can accumulate extra rewards based on different spending tiers.

4. Welcome Benefits: Every IDFC Credit Card offers perks upon joining or card activation. While some cards provide benefits equivalent to the joining fee, others offer activation benefits even without any joining fee. These benefits may include free e-vouchers from top brands, extra cashback on your first EMI spend, cashback on fuel purchases, or vouchers for premium economy tickets.

5. Lower Fees & Charges: Compared to other credit cards, IDFC Credit Cards come with reduced fees and charges. The interest rates range from 9 to 42% per annum. Additionally, these cards offer lower interest rates on EMI transactions, cash withdrawals, and balance transfers. Some cards also feature a lower forex markup fee, going as low as 1.5%.

IDFC First Bank Credit Card Rewards and Cashback

1. IDFC First Millennia:

• 10x RPs on every ₹100 spent on birthdays
• 10x RPs for every ₹100 spent on purchases above ₹20,000
• 3x RPs on every ₹100 spent on online and offline spending up to ₹20,000
• 1 RP on every ₹100 spent

2. IDFC HPCL First Power Plus:

• 30x RPs on HPCL fuel transactions per ₹150
• 3x RPs per ₹150 on retail transactions (including UPI)
• 30x RPs on grocery, IDFC FIRST FASTag, and utility per ₹150 spent

3. IDFC First WOW:

• 4x RPs on each spend made with the card

4. IDFC First Select:

• 10x RPs on every ₹100 spent on birthdays
• 10x RPs for every ₹100 spent on purchases above ₹20,000
• 3x RPs on every ₹100 spent on online and offline spending up to ₹20,000
• 1 RP on every ₹100 spent

5. Club Vistara IDFC First:

• 6 CV Points on spends up to ₹1 Lakh
• 4 CV points for every spend over ₹1 Lakh per statement cycle
• 10 CV Points on dining spends made on your Birthday
• 1 CV Point on spends on fuel, utility bills, rent, insurance, and wallet reloads

6. IDFC HPCL First Power:

• 5% savings on fuel
• 2.5% savings on grocery, utilities, and IDFC First FASTag recharge
• 21x RPs on HPCL fuel transactions
• 2x RPs on other transactions (including UPI)

7. IDFC First Classic:

• 10x RPs on every ₹100 spent on birthdays
• 10x RPs for every ₹100 spent on purchases above ₹20,000
• 3x RPs on every ₹100 spent on online and offline spending up to ₹20,000
• 1 RP on every ₹100 spent

8. IDFC Bank First SWYP:

• 200 RPs on monthly spends of ₹5,000
• 500 RPs on monthly spends of ₹10,000
• 1,000 RPs on monthly spends of ₹15,000

9. IDFC First Wealth:

•  10x RPs on every ₹100 spent on birthdays
•  10x RPs for every ₹100 spent on purchases above ₹20,000
•  3x RPs on every ₹100 spent on online and offline spending up to ₹20,000
•  1 RP on every ₹100 spent

10. IDFC First Private:

• 3 RPs on every ₹100 spent offline and 6 RPs on every ₹100 spent online up to ₹30,000
• 10x RPs on all spends (after achieving a monthly spend of ₹30,000)

How To Earn and Redeem IDFC First Bank Credit Card Reward Points?

IDFC FIRST Bank offers lifetime free credit cards and debit cards that come with different rewards programs, which are easy to redeem at any time. Using the IDFC FIRST credit card for payments on different platforms earns you up to 10X reward points. The points accumulated from your IDFC FIRST bank card can be exchanged for vouchers of various e-commerce brands allowing you to shop whenever and wherever you want.

This is how you can redeem them:

• Step 1: Visit the IDFC FIRST Bank rewards redemption website and log in using your registered mobile number.
• Step 2: Once logged in, you’ll see your reward points displayed on the homepage. Click on “Redeem Points” to initiate the redemption process.
• Step 3: Browse through the catalogue of brands available, including Amazon, Flipkart, Myntra, Puma, Big Basket, and more.
• Step 4: Each coupon specifies a minimum purchase amount. For example, Amazon vouchers range from Rs. 10 to Rs. 10,000.
• Step 5: Select the desired voucher and click “Add To Cart” to proceed with the purchase.
• Step 6: Specify the quantity and voucher amount you wish to purchase.
• Step 7: Review your order summary displayed in the “Cart” section to ensure accuracy.
• Step 8: Proceed to checkout by clicking on the corresponding button.
• Step 9: Enter the delivery details for your voucher on the next page.
• Step 10: Confirm your order and delivery information, agree to the terms and conditions, and then click “Confirm and Proceed” to finalise the redemption process.

IDFC First Bank Credit Card Eligibility Criteria

Below are the basic eligibility criteria that customers should be aware of before applying for an IDFC First Bank credit card:

• They should be a resident in India. 
• They should be a salaried individual or a self-employed person.
• He/she should be at least 21 years old when applying for this loan or credit facility, and their age must not exceed 65 years.
• Applicants have to earn an annual income not less than ₹3 lakhs per annum
• Any additional cardholder needs to be over 18 years old
• One needs to demonstrate their positive creditworthiness before taking any form of credit facility.

Documents Required

1. PAN Card

2. Address Proof

•  Aadhaar Card
•  Passport

3. Income Proof

• Bank Statement
•  Salary Slip
•  Audited Financial Report

IDFC First Bank Credit Card Annual Fees and Charges

Here’s the complete report on Union Bank Credit Card annual fees for its customers:

1. FIRST Millennia Credit Card

Joining Fee:	NIL
Annual Fee:	NIL
Addon Card Fee:	NIL

2. FIRST Power Plus Credit Card

Joining Fee:	₹ 499
Annual Fee:	₹499
Addon Card Fee:	NIL

3. FIRST Select Credit Card

Joining Fee:	NIL
Annual Fee:	NIL
Addon Card Fee:	NIL

4. FIRST Power Credit Card

Joining Fee:	₹ 199
Annual Fee:	₹ 199
Addon Card Fee:	NIL

5. FIRST Classic Credit Card

Joining Fee:	NIL
Annual Fee:	NIL
Addon Card Fee:	NIL

6. Club Vistara IDFC FIRST Credit Card

Joining Fee:	₹ 4,999
Annual Fee:	₹ 4,999
Addon Card Fee:	NIL

7. FIRST Wealth Credit Card

Joining Fee:	NIL
Annual Fee:	NIL
Addon Card Fee:	NIL

8. FIRST SWYP Credit Card

Joining Fee:	₹ 499
Annual Fee:	₹ 499
Addon Card Fee:	NIL

9. FIRST WOW Credit Card

Joining Fee:	NIL
Annual Fee:	NIL
Addon Card Fee:	NIL

10. FIRST Private Credit Card

Joining Fee:	₹ 50,000
Annual Fee:	₹ 50,000
Addon Card Fee: 1st Addon: 2nd Addon onwards:	NIL joining Fee ₹ 4,000, Annual Fee NIL

Other Fees & Charges

1. Late Payment Charges

FIRST Private Credit Card:	NIL
FIRST SWYP Credit Card:	15% of Total Amount Due (min ₹100, max ₹3,000)
FIRST Digital RuPay Credit Card:	As per Primary Credit Card1st
All other IDFC FIRST Bank Credit Cards:	15% of Total Amount Due (min ₹100, max ₹1,300)

2. OverLimit Charges

FIRST Private Credit Card, FIRST WOW! Credit Card:	NIL
FIRST Digital RuPay Credit Card:	As per Primary Credit Card
All other IDFC FIRST Bank Credit Cards:	2.5% of the over limit amount (min ₹550)

3. Card Replacement Fee

Cards with Image Personalisation:	₹ 149
FIRST Private Credit Card:	₹ 4,000
FIRST Digital RuPay Credit Card:	NIL
All other IDFC FIRST Bank Credit Cards:	₹ 100

4. Markup Charges on Foreign Currency and Dynamic Currency Conversion Transactions

FIRST Private Credit Card, FIRST WOW! Credit Card:	NIL
FIRST Wealth Credit Card:	1.50%
FIRST Select Credit Card, Employee Credit Card:	1.99%
Club Vistara IDFC FIRST Credit Card:	2.99%
FIRST Digital RuPay Credit Card:	As per Primary Credit Card
All other IDFC FIRST Bank Credit Cards:	3.50%

5. Fuel Surcharge Waiver

Fuel Surcharge:	1% of transaction value + GST (min ₹10)
Waiver (on transactions ₹200  ₹5,000)
FIRST Millennia, FIRST Classic, FIRST WOW!, LIC Classic, FIRST SWYP Credit Cards:	₹ 200
FIRST Select, LIC Select, Employee Credit Cards:	₹ 300
FIRST Wealth, Club Vistara IDFC FIRST Credit Cards:	₹ 400
FIRST Private Credit Card:	No Capping
FIRST Digital RuPay Credit Card:	As per Primary Credit Card

How To Activate IDFC First Bank Credit Cards?

1. Mobile Banking

• Step 1: Open the IDFC First Bank mobile banking application.
• Step 2: Log in with your credentials.
• Step 3: Navigate to the “Manage Card” section.
• Step 4: Select “Set PIN.”
• Step 5: Follow the instructions to activate your credit card.

2. ATM

• Step 1: Visit the nearest IDFC First Bank ATM.
• Step 2: Insert your credit card into the ATM.
• Step 3: Select the option to generate a new PIN using OTP.
• Step 4: Receive an OTP on your registered mobile number.
• Step 5: Enter the OTP.
• Step 6: Follow the instructions to activate your credit card.

3. Customer Care

• Step 1: Call IDFC First Bank Credit Card customer care at 1860 500 1111.
• Step 2: Request assistance for activating your credit card.
• Step 3: Follow the instructions provided by the customer care representative to complete the activation process.

IDFC First Bank Credit Cards Login/Net Banking

• Step 1: Go to the official website of IDFC First Bank.
• Step 2: Click on “Log in”, which is situated at the left-hand side menu bar on the homepage, and then select “New Portal”.
• Step 3: Choose the option that says “New to Netbanking,” indicating that you are a first-time user of Internet banking services provided by IDFC First Bank.
• Step 4: Fill out the required fields with your registered mobile number along with customer ID in the given spaces provided for entering them on a new window or tab where it asks for these details while signing up for account access through their website.
• Step 5: Input all necessary information about your IDFC First Bank account into the appropriate places provided, such as account number, type of account, etc.
• Step 6: Verify One Time Password sent on your registered phone number by entering it in the respective field.
• Step 7: Choose any username that suits you best together with its matching password, then click the submit button so as to proceed further into creating login details for this particular service offered exclusively by IDFC First Bank.

Logging in to IDFC First Credit Card Netbanking

• Step 1: First, visit IDFC First Bank’s Homepage at www.idfcfirstbank.com/ 
• Step 2: On the left-hand side of the IDFC First Bank’s Homepage, click on “Login” and then select either “New Portal” or “Old Portal.”
• Step 3: Enter Your Details: Give your details, such as Customer ID or User ID, that are required
• Step 4: After putting in your information, click the “Login” button so as to be able to access the portal for your IDFC first credit card account.

How To Compare IDFC First Bank Credit Cards & Choose The Best One?

1. Identify Your Spending Habits– Understand your spending patterns to choose a suitable credit card. For daily expenses, opt for cards with cashback or rewards without annual fees. Travellers may benefit from cards earning miles or points despite annual fees. 
Shoppers should consider cards offering no-cost EMIs or rewards. Those paying bills online frequently should look for cards rewarding digital payments. Drivers may find value in cards with high fuel rewards. Healthcare-focused cards can save on medical expenses.

2. Consider Annual Fees and Benefits- Assess annual fees and benefits to find the best card. Free cards suit minor spending without annual fees. Premium cards offer extensive benefits, ideal for heavy users despite higher fees. Look for features like fuel surcharge waivers, reward points, miles, and no-cost EMIs to maximise benefits.

3. Consider the Credit Card’s Features- Evaluate additional features. Check credit limits, interest rates, and payment options. Ensure user-friendly online banking and robust security features. Assess customer service responsiveness for a smooth experience.

Conclusion

To sum up, IDFC First Bank has a line of credit cards that offers many choices for a present day customer, catering to their varying needs and wants. They can be used for gaining points while purchasing regular items, getting special travel privileges or even receiving concierge assistance.
Being innovative and making sure the clients are satisfied is what this institution does best when it comes to business. IDFC First Bank has, therefore become a trusted name in finance because they provide individuals with easy ways of handling their money as well as many benefits. With every swipe from cash back facilities, all through air miles offers, there’s something offered to suit your lifestyle at any given time.

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