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IDFC FIRST Bank Wealth Credit Card
★★★★☆(4.6)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.
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Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
FreeAnnual Fee
FreeAnnual Percentage Rate
42%Add-on Card Fee
FreeMinimum Repayment Amount
5%Cash Withdrawal Fee
₹199Cash Advance Limit
NACard Replacement Fee
₹100Foreign Transaction Fee
1.50%Over Limit Penalty
2.50%Fuel Transaction Surcharge
1%Reward Point Value
₹0.25Late Payment Charges
15%of Total Amount Due subject to a minimum of ₹ 100 and a maximum of ₹ 1250.Pros
Aspects that make this credit card amazing.
- ⮚The card offers various Insurance covers.
- ⮚The card gives a 1% Fuel Surcharge Waiver on all petrol pumps.
- ⮚It comes with exclusive travel benefits like access to airport/railway lounges.
- ⮚It allows users to earn reward points on all purchases.
- ⮚“BOGO” offer on movie tickets.
Cons
Aspects this credit card lacks.
- ⮚Partial loss & damage is not covered under the travel insurance.
- ⮚The zero-card liability does not cover any loss due to data breaching or server hacking.
- ⮚Reward points cannot be earned on fuel transactions.
- ⮚There is a ₹ 99 convenience fee associated with redeeming reward points.
IDFC FIRST Bank Wealth Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
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 |
IDFC FIRST Bank Wealth Credit Card Maximum Cashback
| 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. |
Who should get an 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.
IDFC FIRST Wealth Credit Card offers unlimited non-expiring reward points that can be earned on all the transactions as mentioned below:
Note: Some transactions, such as fuel, EMI, insurance transactions, and cash withdrawals are not eligible for reward points.
How to Apply for an IDFC FIRST Bank Wealth Credit Card?
1. Apply for an IDFC FIRST Bank Wealth Credit Card Online
- 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: 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: 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: 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.