IDFC FIRST Classic Credit Card
Along with the IDFC First Select, IDFC First Millennia, the IDFC FIRST Classic Credit Card is also a no-annual-fee credit card issued by the bank. The card comes without a joining fee but keeps all the requirements of its customers in mind. It welcomes you with a gift voucher worth ₹500 and a 5% cashback on your first EMI transaction. With this card, you get 3X Reward Points for every ₹150 spent on purchases and 10X Reward Points on incremental spends above ₹20,000 in a month. Other than that, you get extra reward points for big purchases and for all the transactions made on your birthday. Not only Reward Points, but the card also provides you with great travel, movie & dining benefits as you get four complimentary railway lounge access every quarter, up to 20% discount on dining, and a discount of 25% on movies. Moreover, there are many more benefits you get with the IDFC FIRST Classic Credit Card, such as complimentary roadside assistance, insurance benefits, etc. To know all about the benefits of the card in detail, refer to the information given below:
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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