IDFC First Bank Wow Credit Card - Features, Benefits, Fees & Charges

IDFC FIRST Bank Wow Credit Card (4.7)

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WOW is a premium credit card offered by IDFC Bank in India. It is designed for individuals looking for a rewards-based credit card with multiple benefits and a flexible payment option. The card offers a unique reward program where users earn up to 5% cash back on purchases. Cardholders can also avail of benefits such as airport lounge access, fuel surcharge waiver, and complimentary movie tickets. With this card, users also have the option to convert purchases into easy EMIs. With 24/7 concierge services and an extensive global acceptance network, this card offers a seamless and convenient payment experience.

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

5% Cashback on the first EMI transaction within 90 days of card activation.

Dining Benefit

20% discount at over 1500 restaurants.

Fuel Surcharge

1% fuel surcharge waiver at all fuel stations across India, with a maximum benefit of ₹200/month.

Insurance Benefit
  • Personal accident cover of ₹2,00,000.
  • Card liability cover of ₹25,000.
  • Credit shield cover of ₹25,000.
  • Purchase protection of ₹25,000.
Reward Points
  • 4x Reward Points on every ₹150 spent.
  • Reward Rate: 0.67%
EMI Benefit

Convert transactions above ₹2,500 into convenient EMI plans.

Note- It can be availed on the bank's OTP page for online transactions and is available for all transactions through the IDFC FIRST Mobile Banking App, excluding jewellery purchases.

Concierge Services
  • 24/7 Concierge Services on the IDFC Bank First WOW Credit Card.
  • Phone No: 1860 258 2000 (India) 

Email ID: creditcard@idfcfirstbank.com

Other Benefit
  • Up to 15% discount at over 3000 Health & Wellness outlets.
  • Get 4 complimentary Roadside Assistance services across India with Global Assure.
  • Services include Towing of a Vehicle, Alternate Battery, Tyre Change, Breakdown support, Taxi Benefit, and Arrangement of fuel, among others.
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

0%

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 a 1% Fuel surcharge waiver.
  2. It comes with 24/7 concierge service.
  3. Personal Accident cover of ₹2,00,000.
  4. It comes with zero forex markup fee.
  5. Cardholders can convert purchases into easy EMIs.
Cons

Aspects this credit card lacks.

  1. No reward points on Fuel & Insurance Transactions.
  2. Gold and Jewellery linked transaction are not permitted for conversion.
  3. It charges high interest, from 9% to 42%.
  4. The card does not offer cashback on specific categories like dining or travel.
  5. All merchants may not accept the card, especially in remote or rural areas.
IDFC FIRST Bank Wow Rating & Reviews

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

Charges

(4)

Rewards

(3.5)

Customer Service

(3)

IDFC FIRST WOW Credit Card Review

The IDFC FIRST WOW Credit Card is designed to offer luxury and convenience to its cardholders. The card's reward program allows users to earn up to 5% cash back on all purchases and provides additional benefits such as airport lounge access, fuel surcharge waiver, and complimentary movie tickets. The card also offers easy EMI options and 24/7 concierge services that improve the financial experience. However, it's important to note that the card may not suit everyone. The card may have an annual fee or other charges that some users may find to be expensive. Additionally, the card's benefits may not be as appealing to users who do not frequently travel or prefer other types of rewards. 

Overview

Best Suited 

Rewards & Online Shopping
Rewards Up to 4X Reward points on every spend
Welcome Bonus Cashback of 5% upto ₹1000 on the first EMI transaction done within 90 days of card activation
Annual/Joining Fee No joining fee

 

Who should get IDFC FIRST Bank WOW Credit Card?

The IDFC FIRST WOW Credit Card is the perfect choice for individuals who want to make the most of their credit card usage, even with no credit history. This deposit-backed credit card provides an option for users who may not qualify for other types of credit cards. With up to 5% cashback on all purchases, airport lounge access, fuel surcharge waiver, and complimentary movie tickets, this card is designed to cater to users’ lifestyle needs, whether they are frequent travelers who love to dine out or enjoy watching movies. Additionally, its easy EMI option makes the payment experience effortless and convenient. So, if users are looking for a credit card that goes above and beyond, the IDFC FIRST WOW Credit Card is the answer for them!

Reward Points

With this card, users can earn 4 reward points on every ₹150 spent across all transactions. 

Reward Points never expire | 1X = 1 Reward Point per ₹150 | 1 Reward Point = ₹0.25.

*Note* A few transactions such as Fuel, Insurance, EMI, transactions & Cash Withdrawals are not eligible for reward points.

How to Apply for IDFC FIRST Bank WOW Credit Card?

Users can apply for IDFC FIRST WOW Credit Card online and offline at their convenience. If users prefer to apply offline, they can visit their nearest IDFC FIRST Bank branch with all the required documents and fill out the physical application form for the card. Users who prefer online methods can follow a few simple steps as mentioned below:

Step 1: Visit the IDFC FIRST Bank website and navigate to the credit card section.

Step 2: Select the IDFC FIRST WOW Credit Card from the available options

Step 3: Fill out the online application form with personal and financial details.

Step 4: Upload the required documents, such as identity proof and income proof.

Step 5: Submit the application and wait for the bank's decision.

It's always a good idea to carefully review the terms and conditions of the credit card before applying and to consult with a financial advisor or the bank if the customer has any questions or concerns.

IDFC FIRST WOW Credit Card Eligibiltiy

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: While there is no specified minimum salary requirement for IDFC FIRST Bank Credit Card, you will need to have a stable source of income to be eligible. This could be in the form of salary, self-employment income, or any other regular source of income. The bank will assess your income and expenses to determine your creditworthiness and ability to make timely payments on the card. 
  • Citizenship: You should be a citizen of India.

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:

24,36,772
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 Wow 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

You will be charged a fee if you take out a credit card cash advance. Banks such as IDFC FIRST Bank, on the other hand, charge a low fee of Rs. 250 per transaction.

The minimum amount needed to open an FD account for the IDFC First WOW Credit Card is Rs.2,000 for existing IDFC FIRST Bank customers and Rs.5,000 for everyone else.

Any of the IDFC FIRST BANK WOW Credit cards have zero joining, membership, or annual fees. Your card is totally free forever.

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