IDFC FIRST WOW! Credit Card benefits
- No joining fee and no annual fee
- Issued against a fixed deposit of at least ₹20,000
- Credit limit equal to 100% of your fixed deposit
- No income proof or credit history needed
- Zero forex markup on international spends
- 4 Reward Points per ₹200 on online, offline and international spends
IDFC FIRST WOW! Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| Bills and utilitiesA lower rate, 1X, on utility bills. Insurance premiums, railway spends and FASTag recharges also earn 1X. | 0.5 points per ₹100 | None |
| Everything else | 2 points per ₹100 | None |
We value one point at ₹0.25 in the usual redemption.
No rewards on: Fuel, EMI transactions, cash withdrawals, loans on the card, balance transfers, fees and charges, and transactions below ₹200.
All reward rules
- 1X means 1 Reward Point per ₹200 spent. So 4X is 2 points per ₹100 and 1X is 0.5 points per ₹100. One point is worth ₹0.25.
- 4X applies to online, offline and international spends.
- Reward Points are valid for 24 months from the date they are credited. Each redemption costs ₹99 plus GST.
- Points are earned only on spends up to your credit limit in each billing cycle.
- If you do not pay at least the Minimum Amount Due by the due date, you get no points for that billing cycle.
- Hotel and flight bookings in the FIRST Rewards Gallery on the bank's app earn 10% and 5% bonus points on top. Bonus points are limited to 8,000 in a calendar month.
IDFC FIRST WOW! Credit Card annual fee and charges
- Joining fee
- Free
- Annual fee
- Free
- Fee waiver
- Not needed
- Foreign currency markup
- 0%
Lifetime free. There is no forex markup if you pay in the local currency. An optional virtual RuPay card for UPI costs ₹199 plus GST to join and each year from the second year.
Fuel surcharge: 1% waiver on fuel transactions between ₹200 and ₹5,000, up to ₹200 per statement cycle. A 1% fee applies to total fuel spends if they exceed ₹30,000 in a statement cycle.
IDFC FIRST WOW! Credit Card eligibility
- Age
- 18 to 80
- Lowest fixed deposit
- ₹20,000
You must be an Indian citizen with a permanent address in India, and open a fixed deposit (FD) of at least ₹20,000 with IDFC FIRST Bank. No income proof or credit history is needed. NRIs need an NRE savings account and an NRE fixed deposit of at least ₹25,000. Joint, tax saver and auto-sweep FDs do not qualify.
The bank alone decides approval and your credit limit.
IDFC FIRST WOW! Credit Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Frequently asked questions
What is the annual fee of the IDFC FIRST WOW! Credit Card?
There is no joining fee and no annual fee. The card is lifetime free.
What is the minimum fixed deposit for the IDFC FIRST WOW! Credit Card?
The minimum fixed deposit (FD) is ₹20,000 with IDFC FIRST Bank. For NRIs, the minimum NRE fixed deposit is ₹25,000. Your credit limit is 100% of the FD value, and the FD keeps earning interest.
What is the eligibility for the IDFC FIRST WOW! Credit Card?
You must be 18 to 80 years old, an Indian citizen with a permanent address in India, and hold an eligible FD of at least ₹20,000. You do not need income proof or a credit history. The bank decides each application.
How many reward points does the IDFC FIRST WOW! Credit Card give?
You earn 4 points per ₹200 on online, offline and international spends. You earn 1 point per ₹200 on insurance, utilities, FASTag and railway spends. One point is worth ₹0.25. Fuel, EMI transactions and cash withdrawals earn nothing.
Is there a limit on reward points on the IDFC FIRST WOW! Credit Card?
Points are earned only on spends up to your credit limit in each billing cycle. Points are valid for 24 months, and each redemption costs ₹99 plus GST.
Does the IDFC FIRST WOW! Credit Card give airport lounge access?
No. The bank's comparison shows no lounge access on FIRST WOW!. Domestic lounge access is listed only on the separate FIRST WOW! Black card.
Is there a fuel surcharge waiver on the IDFC FIRST WOW! Credit Card?
Yes. You get a 1% waiver on fuel transactions between ₹200 and ₹5,000, up to ₹200 per statement cycle. A 1% fee applies if fuel spends exceed ₹30,000 in a statement cycle.