by IDFC Credit Cards are well-designed to meet the needs of the customers and across various different categories it offers 4 credit cards namely, Millennia, Classic, Select & Wealth. IDFC Credit Cards come with extensive reward points programs along with low-interest rates. Also, they provide benefits like fuel surcharge waiver, railway lounge access, movie ticket discounts, and discounts on dining at partner restaurants. All four credit cards come under the category of Lifestyle & Rewards.
In this article, we would know about IDFC Wealth Credit Card.
| IDFC FIRST Wealth Credit Card- A Snapshot | |
| Annual / Joining Fee | Nil (Lifetime Free Credit Card) |
| Best Suited For | Unlimited Reward Points, Travel privileges, Entertainment benefits |
| Key Feature | Up to 10X Reward Points that never expire |
| Reward Rate | Offline Purchases: 3% | Online Purchases: 6% |
| Welcome Benefits | Gift vouchers worth INR 500 and 5% cash back on the first EMI transaction |
Features & Benefits of IDFC Wealth Credit Card
Below mentioned are the features & benefits of the IDFC Wealth Credit Card:
- Up to 10X Reward points on incremental spends above INR 30000 p.m. and that next expires. Reward programs are not applicable on Fuel, Insurance, EMI transactions & Cash withdrawals. Also, Rental and Property management transactions will not form a part of the 10X Reward program and 10X threshold calculations.
- 6X & 3X reward points on online & offline purchases respectively for spends up to INR 30000 p.m.
- Complimentary access to Domestic and International Airport lounges and spa- 4 per quarter.
- Complimentary Railway Lounge access – 4 per quarter
- Low Forex markup at 1.5%
- Interest-free cash withdrawals up to 48 days.
- Roadside Assistance and Travel Insurance.
- Complimentary Golf Rounds every month.
- Lifetime Free Credit Card.
- Low-Interest Rate (APR) from 0.75% to 3.5% per month (9% to 42% p.a.).
- 5% cashback (up to INR 1000) on the transaction value of the first EMI done within 30 days of card generation.
- INR 500 worth of vouchers on INR 15000 spending within 90 days of generation of the card.
- Complimentary Golf round on every INR 20,000 spent in a statement cycle of up to 2 rounds per cycle.
- Air Accident cover of INR 1 crore.
- Complimentary roadside assistance worth INR 1399.
- Fuel Surcharge Waiver of up to INR 400 per month.
- Buy 1 Get 1 movie ticket on Paytm mobile app up to INR 500 (twice per month).
- Get 50+ In-App online discount offers.
- Enjoy up to 15% discount at 3000+ Health & Wellness outlets.
- Get discounts on dining of up to 20% across 1500 restaurants.
- Enjoy discounts on Airport Fast Track immigration service at over 450 destinations worldwide.
- Get lucrative discounts on airport transfer limousine service across over 3000 cities and 83 countries.
- Access to over 900 luxury hotels around the world with premium benefits such as automatic room upgrade upon arrival, complimentary in-room Wi-Fi, complimentary continental breakfast, VIP Guest status, and 3 pm check out upon request.
- Complimentary wine/ dessert, specially curated menus, and more at various luxury hotels all across countries.
- Convert all transactions above ₹2,500 into easy & convenient EMIs on your mobile app
- Instant EMI conversion for all online transactions above ₹2,500 on the bank’s OTP page
- Welcome voucher worth ₹500 on spending ₹15,000 or more within 90 days of card generation
- 5% cashback (up to ₹1000) on the transaction value of the first EMI done within 30 days of card generation
Fees & Charges
| Particulars | Fee/Charges |
| Joining Fee | NIL |
| Annual Fee | NIL |
| Interest on Cash Advances | From 0.75% to 2.99% per month | 9% to 35.88% per year |
| FX Markup | 1.5% |
| Late Payment Fee | Less than INR 100 = NIL INR 500 = INR 100 INR 5,000 = INR 750 INR 8,000 = INR 1,250 INR 10,000 and more = INR 1,250 |
| Cash Advance Fee | INR 250 (International and Domestic) |
| Reward Redemption Fee | NIL |
| Over-limit Fee | 2.5% of the over-limit amount |
IDFC Wealth Credit Card Payment
Below mentioned are the different modes to make IDFC Wealth Credit Card Payments:
- Internet Banking:
With the help of efficient internet banking one can pay credit card bills online from anywhere and at any time.
- For IDFC First Bank App Users:
- Login into Internet Banking.
- Go to Credit Card.
- Pay Credit Card Bill.
One can also choose to pay bills automatically by following the above-mentioned steps and clicking on “Enable Autopay future bills”.
- For IDFC First Bank Old App Users
- Login into Internet Banking.
- Go to Credit Card.
- Pay Credit Card Bill.
- UPI Payments:
Credit card payments have now become easier with the help of UPI. Open any UPI-enabled Banking App/ BHIM App and follow the below-mentioned steps:
- Go to UPI Section.
- Send money
- Enter the “<16 digit card number>.cc@idfcbank” as UPI ID.
- Debit Card:
A cardholder can also make credit card bill payments through a debit card using the bank account either with the help of Internet banking or debit card details.
- IMPS/ NEFT:
Make instant payments via Funds Transfer by using the below-mentioned details:
- Payee Name: Name as on your IDFC FIRST Bank Credit Card
- Payee Account Number: Your 16-digit IDFC FIRST Bank Credit Card number
- Bank Name: IDFC FIRST Bank
- IFSC Code: IDFB0010225
- Other Payment Options:
- Cash Deposit – By visiting the nearest IDFC FIRST Bank branch one can make credit card bill payments by depositing cash into the Credit Card account along with the name and account number.
- Cheque – Drop a cheque drawn in favor of 16-digit IDFC FIRST Bank Credit Card number i.e. “IDFC FIRST Bank Credit Card XXXXXXXXXXXXXXXX” at the nearest IDFC FIRST Bank Branch/ATM
Documents Required
- Identity Proof – Aadhar Card, Voter’s ID, Driving License, PAN Card, Passport
- Address Proof – Latest monthly utility bills, Aadhar Card, or Passport
- Latest Salary Slips/ Latest Bank Statements or latest Audited ITR
Eligibility Criteria
| Credit Score | Having a good credit score can increase your chances to be eligible for the card. |
| Age | Applicant must be at least 18 years old. |
| Nationality | The primary applicant must be a citizen of India. |
| Employment status | The applicant must be salaried or self-employed. |
How to Apply for IDFC Wealth Credit Card
Below mentioned are the steps to apply for IDFC Wealth Credit Card:
- Visit the IDFC First Bank’s official website.
- Click on the option ‘Credit Cards.’
- Then select the option ‘Wealth.’
- Now, click on Apply Now and proceed further by filling in all the required details.
