IDFC First Bank Wealth Credit card - Features, Benefits, Fees & Charges

IDFC FIRST Bank Wealth Credit Card (4.6)

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IDFC FIRST Wealth Credit Card is offered by IDFC FIRST Bank in India. It is intended to provide users with exclusive privileges and advantages like fuel surcharge waiver, travel and insurance benefits, along with access to airport and railway lounges. It comes with various other offers in the premium category of credit cards as well.

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus
  • Welcome voucher worth ₹500 on spending ₹15,000 or more within 90 days of card issuance.
  • 5% cashback up to ₹1,000 on the first EMI transaction done within 30 days of card issuance.
Travel Benefit
  • Exclusive discounts on airport immigration service at over 450 destinations worldwide.
  • Discounts on limousine services for airport transfers in more than 3000 cities globally.
  • Access to 900+ luxury hotels around the world with premium benefits.
  • Roadside assistance worth ₹1,399 all over India up to 4 times annually.
Lounge Access
  • 4 free access to the Domestic & International airport lounges every quarter.
  • 4 free access to spas and railway lounges every quarter.
Insurance Benefit
  • Air accident cover of ₹1 crore.
  • Personal accident covers of ₹10 lakhs. 
  • Lost card liability covers of ₹50,000.
  • Comprehensive Travel Insurance of $1,200.
  • Note: Travel insurance is valid if there is at least one transaction in the last 30 days via card.
Concierge Services
Fuel Surcharge

1% fuel surcharge waiver at all fuel stations across India up to ₹400/month.

EMI Benefit

Convert transactions of ₹2,500 or more into easy EMI.

Dining Benefit
  • Dining discount of up to 20% at over 1500 restaurants.
Other Benefit
  • Low Forex Markup charges at 1.5% on all International transactions.
  • Monthly 2 complimentary Golf rounds on a monthly statement of ₹20,000 or more.
  • 15% discount at 3000+ health & wellness centres.
  • Buy 1 get 1 offer on movie tickets up to ₹500.

    Note: The movie offer is valid only on the Paytm app twice a month.
Reward Points
  • 10X reward points on all spends above ₹30,000.
  • 10X reward points on all spends done on your birthday.
  • For all online spends, earn 6X reward points.
  • For all offline spends, earn 3X reward points.
  • Earn 1X reward point for every ₹100 spent.
  • Reward Rate: 0.75% to 2.5%
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

Free

Annual Fee

Free

Annual Percentage Rate

42%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

₹ 199

Cash Advance Limit

NA

Card Replacement Fee

₹ 100

Foreign Transaction Fee

1.50%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹ 0.25
Late Payment Charges

Any Amount Due

15% of Total Amount Due subject to a minimum of ₹ 100 and a maximum of ₹ 1250.
Pros

Aspects that make this credit card amazing.

  1. The card offers various Insurance covers.
  2. The card gives a 1% Fuel Surcharge Waiver on all petrol pumps.
  3. It comes with exclusive travel benefits like access to airport/railway lounges.
  4. It allows users to earn reward points on all purchases.
  5. “BOGO” offer on movie tickets.
Cons

Aspects this credit card lacks.

  1. Partial loss & damage is not covered under the travel insurance.
  2. The zero-card liability does not cover any loss due to data breaching or server hacking.
  3. Reward points cannot be earned on fuel transactions.
  4. There is a ₹ 99 convenience fee associated with redeeming reward points.
IDFC FIRST Bank Wealth Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(4)

Rewards

(3)

Customer Service

(3)

IDFC FIRST Bank Wealth Credit Card Review

The IDFC FIRST Wealth Credit Card comprises various offers and benefits such as Travel Benefits, Insurance Benefits, EMI Conversion Benefits, Concierge Service and many others in the form of Reward Points, Cashbacks and Discounts. All these benefits are offered without any joining and annual fees. Due to this, users may have to make concessions in some areas, such as not being able to collect reward points for purchasing fuel, insurance and other similar transactions. Users may also be required to pay a convenience fee to redeem their reward points.

In a nutshell, these are some breakdowns included with this card, but overall, all the offers and benefits can be utilized free for a lifetime.

Overview

Best for 

Travel & Lifestyle 
Joining Fee 

NIL

Annual Fee NIL
Welcome Benefits Voucher worth ₹500 & cashback up to ₹1,000
Card Network Visa


Who should get the IDFC FIRST Bank Wealth Credit Card?

IDFC FIRST Wealth Credit Card could be an ideal choice for users who want travel benefits like free airport/railway lounge access and a fuel surcharge waiver. Besides this, it also offers shopping and dining benefits and movie offers. That is why the IDFC FIRST Wealth Credit Card could be beneficial for users who frequently spend a lot in these categories and want to earn rewards and cashback for all their transactions without paying any joining or monthly fee.

Reward Points

IDFC FIRST Wealth Credit Card offers unlimited non-expiring reward points that can be earned on all the transactions as mentioned below:

1X = 1 point on every ₹100 spent 1 point = ₹0.25
Categories Reward Points (per ₹100 spent)
Spends above ₹30,000 10X pts.
Online Spends 6X pts. 
Offline Spend 3X pts.
Spends on Birthday 10X pts.

Note: Some transactions, such as fuel, EMI, insurance transactions, and cash withdrawals are not eligible for reward points.

How to apply for IDFC FIRST Bank Wealth Credit Card?

IDFC FIRST Wealth Credit Card can be applied online and offline as well. To apply offline, simply visit the nearest branch with all the required documents and fill in the physical application form. However, if the online method is preferred, then follow the below-mentioned steps:

Step 1:Visit the IDFC Bank Website. 

Step 2: IDFC FIRST Wealth Credit Card will be listed under the Cards section. 

Step 3: Click on “Apply Now” and start the application process.

Step 4: Fill in all the required details and upload all the necessary documents to complete the process.

IDFC FIRST Bank Wealth Credit Card Eligibility

To be eligible for an IDFC FIRST Bank Credit Card, you must meet the following criteria:

  • Age: You should be at least 21 years old and not more than 65 years old.
  • Credit Score: You should have a good credit score. Most banks require a credit score of 750 or above to qualify for a credit card.
  • Income: Applicants should have a steady source of income to be eligible for a credit card.

 

Documents Required

  • Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
IDFC FIRST Bank Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

IDFC FIRST Bank

IDFC FIRST Bank Credit Card Customer Care Number:

1860 500 9900

IDFC FIRST Bank Card Offers:

View Offers

Total Cards:

28,92,557
IDFC FIRST Bank Credit Card News
02 May 2024, Thursday
1. IDFC First Bank implements utility transaction fee change

IDFC First Bank has declared that starting May 1, 2024, there will be a modification in its policy for credit card payments of utility bills. As per the revised policy, a 1% surcharge, along with GST, will be levied on credit card payments for utility bills that exceed Rs. 20,000 in a statement cycle. However, this additional charge will not be applicable for transactions made with the FIRST Private Credit Card, LIC Classic Credit Card, and LIC Select Credit Card.

04 Apr 2024, Thursday
2. IDFC First Bank Announces Credit Card Devaluation.

IDFC First Bank announced a devaluation of their credit card rewards program, effective from 1 May 2024. Here's a breakdown of the key changes:

  • Reduced reward points: Across all cards, reward points are now earned at a rate of 3 points per every Rs. 150 spent, compared to the previous system that offered higher points for specific categories like online shopping.

  • Lounge access changes: For most cards, complimentary airport lounge access now requires a minimum spend of Rs. 20,000 in the previous calendar month.

  • Charges on utility bill payments: A 1% surcharge applies to total utility bill payments exceeding Rs. 20,000 in a statement cycle (except for Private, LIC Classic and LIC Select cards).

  • Rent payments: A fee of Rs. 249 or 1% (whichever is higher) is charged on rent payments made through the credit card.

There are some exceptions to these changes, particularly for the IDFC FIRST Bank Private Credit Card, which remains largely unaffected.

15 Dec 2023, Friday
3. LIC Cards, IDFC First Bank, and Mastercard Join Hands to Launch Co-Branded Credit Cards.

IDFC First Bank, LIC Cards, and Mastercard have announced their joint venture to launch an exclusive co-branded credit card to cater to the dynamic financial needs of the country. In a joint statement released on Thursday, the credit card comes in two variants - LIC Classic and LIC Select. The credit cards offer policyholders across the country an opportunity to save reward points on every LIC insurance premium payment.
Apart from the reward points, the credit card also comes with a host of other benefits, including up to Rs 50,000 cover for lost card liability and personal accident insurance cover of up to Rs 5 lakh. The additional benefits will be extended to LIC policyholders who opt for this credit card, along with co-brand benefits. This initiative is expected to benefit more than 27 crore policyholders across India. 
 

11 Apr 2023, Tuesday
4. IDFC FIRST Bank launches co-branded fuel credit card

Targeting the lifestyle needs of its consumers, as well as improving their savings on mobility and utility spends, IDFC FIRST Bank has partnered with HPCL to launch two co-branded cards. The two new cards are being named FIRST Power and FIRST Power+. Bankers can apply for the FIRST Power and FIRST Power+ cards through the bank’s website, its app for select bank branches, and select HPCL pumps and stations.

IDFC FIRST Bank Wealth Customer Reviews

Overall Rating

3

Based on 2 reviews

Rating Summary

5
50%
4
0%
3
0%
2
0%
1
50%

Review Analytics

Fees 0 votes

Interest Rate 0 votes

Rewards 0 votes

Benefits 0 votes

Customer Service 0 votes

Frequently Asked Questions

Yes, holders of IDFC First Wealth cards are eligible for four free airport passes each quarter.

Reward points accumulated on your IDFC First Bank Credit Card have no expiration date. You don't have to worry about losing your reward points because you can use them whenever you want.

Applicants for the IDFC FIRST Wealth Card must be between the ages of 21 and 65 and have a monthly income of at least Rs 25,000. Those with a high credit score and no prior history of missing payments or defaulting on loans are also eligible, as are Indian citizens who are currently and permanently residing in the nation. Based on the applicant's credit history, relationship with the IDFC Bank, demographics, and credit exposure, internal policy criteria are used to determine which customers receive credit cards. The final decision regarding card approval will rest with the bank.

If the SELECT credit card holder has a 4L limit, ask for an upgrade if the cardholder is eligible to convert to a wealth credit card.

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