IDFC FIRST WOW! Black Credit Card benefits
- ForexZero
foreign currency markup on international spends
- Rewards4
reward points per ₹150, worth ₹0.50 each on travel booked in the IDFC app
- Travel
Bonus points on hotels and flights booked in the IDFC FIRST Bank app
- Lounge1
domestic lounge visit a quarter on ₹20,000 monthly spends
- Deposit
Issued against a fixed deposit from ₹20,000, no income proof needed
Good to know
- Annual fee ₹750, waived on ₹1.5 lakh of yearly spends
IDFC FIRST WOW! Black Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| Bills and utilitiesUtility bills, railway spends, FASTag recharges and insurance earn 1 point per ₹150. | 0.67 points per ₹100 | None |
| Everything else | 2.67 points per ₹100 | None |
We value one point at ₹0.25 in the usual redemption.
No rewards on: EMI, cash withdrawals and fuel.
All reward rules
- You earn 4 reward points per ₹150 on online, offline and international spends. 1 point is worth ₹0.25, or ₹0.50 on flights and hotels booked in the 'FIRST Rewards Gallery' of the IDFC FIRST Bank app.
- Bonus points on travel booked in the app: 16.7% on hotels and 10% on flights, up to 8,000 points a month.
- UPI payments through the linked virtual RuPay card earn 3 points per ₹150 above ₹2,000 and 1 point per ₹150 below ₹2,000.
- Reward points never expire.
- Trip cancellation cover of up to ₹10,000 a year on the non-refundable part of hotel and flight bookings.
- The credit limit is set against your fixed deposit, which keeps earning interest.
What the IDFC FIRST WOW! Black Credit Card gives back in a year
Say you spend ₹30,000 a month, like our “online shopper” pattern. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹3,000 | 0.67% | ₹240 |
| Dining and food delivery | ₹2,000 | 0.67% | ₹160 |
| Online shopping | ₹18,000 | 0.67% | ₹1,442 |
| Travel | ₹1,000 | 0.67% | ₹80 |
| Fuel | ₹1,000 | 0% | ₹0 |
| Bills and utilities | ₹2,000 | 0.17% | ₹40 |
| Everything else | ₹3,000 | 0.67% | ₹240 |
| Total | ₹30,000 | ₹2,203 | |
| Renewal fee with GST | Waived | ||
| You keep | ₹2,203* |
That is ₹553 a year more than the IDFC FIRST WOW! Credit Card on the same spending.
IDFC FIRST WOW! Black Credit Card annual fee and charges
- Joining fee
- ₹750
- Annual fee
- ₹750
- Fee waiver
- ₹1,50,000 a year
- Foreign currency markup
- 0%
The annual fee from the second year is waived on yearly spends of ₹1.5 lakh. Fees are before GST.
Fuel surcharge: 1% fuel surcharge waiver on transactions from ₹200 to ₹5,000, up to ₹200 per statement cycle.
IDFC FIRST WOW! Black Credit Card eligibility
- Age
- 18 to 80
- Lowest fixed deposit
- ₹20,000
Indian citizens with a fixed deposit of at least ₹20,000 with IDFC FIRST Bank. No income proof or credit history is needed.
The bank alone decides approval and your credit limit.
IDFC FIRST WOW! Black Credit Card lounge access
4 domestic visits a year. Banks often set a spend condition, so read the reward rules above.
1 domestic airport lounge visit a quarter. To use it next month, spend ₹20,000 in the current calendar month.
Is the IDFC FIRST WOW! Black Credit Card right for you?
A card with a ₹750 fee that spending can waive, paying an average 0.67% on most spends.
Worth its fee if you spend about ₹13,000 a month or more. Below that, the ₹750 fee costs more than the card gives back on spending like the example above.
Good for you if
- You spend ₹1,50,000 a year or more (about ₹12,500 a month), so the ₹750 renewal fee is waived.
- You pay in foreign currency, abroad or on foreign websites: the markup is 0%, against a typical 3.5% on the cards we list.
- You fly a few times a year: it includes 4 domestic airport lounge visits a year.
- You have no credit history or a low score: the card is issued against a fixed deposit of ₹20,000 or more.
Not for you if
- You spend less than about ₹12,500 a month: you would pay ₹885 a year with GST.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to IDFC FIRST WOW! Black Credit Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| IDFC FIRST WOW! Black Credit Card | ₹750 | 0.67% | ₹1,983* |
| IDFC FIRST WOW! Credit Card | Free | 0.5% | ₹1,485* |
| IDFC FIRST Hello Cashback Credit Card | ₹1,000 | 3% | ₹5,160* |
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
What is the annual fee of the IDFC FIRST WOW! Black Credit Card?
The joining fee is ₹750 plus GST. The annual fee from the second year is also ₹750 plus GST, waived if you spend ₹1.5 lakh in the year.
How much is one WOW! Black reward point worth?
1 point is worth ₹0.50 when you book flights and hotels in the 'FIRST Rewards Gallery' section of the IDFC FIRST Bank app, and ₹0.25 everywhere else. You earn 4 points per ₹150 on most spends.
Do I need income proof for this card?
No. You need a fixed deposit of at least ₹20,000 with IDFC FIRST Bank, an age of 18 to 80 years and Indian citizenship. The deposit keeps earning interest.
Does the card charge a foreign currency markup?
No. IDFC FIRST Bank says the card has 0% forex markup on international spends.
Does the WOW! Black card give lounge access?
Yes. You get 1 domestic airport lounge visit a quarter, 4 a year. To use it in a month, spend ₹20,000 in the previous calendar month.
Which spends earn no reward points?
EMI, cash withdrawals and fuel earn no points. Utility bills, railway, FASTag and insurance earn a lower 1 point per ₹150.