IDFC FIRST Wealth Credit Card
Gaurav
The IDFC FIRST Wealth Credit Card is a premium card with no annual fee. It offers low interest rates (0.75% – 3.5%) and a small Forex markup fee of just 1.5%. As a top-tier card, it provides exclusive benefits such as free rounds of golf, access to both international and domestic airport lounges, and multiple insurance covers, including Rs. 1 crore air accident insurance.
Additionally, you can enjoy up to 2 free movie tickets every month, making your movie outings even better. Read on to discover more about the IDFC FIRST Wealth Credit Card.
Rewards and Benefits
Movie & Dining
Enjoy a Buy One Get One offer on movie tickets (up to Rs. 250) twice a month on the Paytm app, plus up to 20% off at over 1,500 restaurants.
Domestic Lounge Access
Up to 2 Free Visits to Domestic Airport Lounges Per Quarter
Rewards Rate
Earn 3X RP for every Rs.150 spent up to Rs. 20,000 each month. After that, earn 10X Reward Points on any additional spending above Rs. 20,000.
Golf
Get free golf rounds every month for every Rs. 20,000 spent in the previous month (up to 2 rounds).
Travel
Complimentary Spa Access at Popular Airports and Free Railway Lounge Access
Insurance Benefits
Get travel insurance benefits, including ₹1 crore for accidental air death, ₹10 lakh for personal accidents, and ₹50,000 for lost card liability.
International Lounge Access
Up to 2 Complimentary International Lounge Visits Per Quarter
Reward Redemption
Redeem Reward Points on the Poshvine portal for shopping vouchers from popular brands. 1 point = Rs. 0.25.
Fees & Charges
Interest Rates
0.75% to 3.5% per month depending upon the credit history of the card member.
Spend-Based Waiver
N/A
Rewards Redemption Fee
₹99 + GST
Cash Advance Charges
Rs. 199 per transaction
Foreign Currency Markup
1.50 +GST
Fuel Surcharge
1% Waiver Upto Rs. 400 Each Month for Fuel Transactions Between Rs 200 and Rs. 5,000
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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