✍ A Complete Guide To Idfc First Credit Cards

IDFC was first established after the merger between IDFC Bank and Capital First Bank in December 2018. Also, it got incorporated in 2014 after RBI’s approval after which it started its banking operations in 2015. It has around 600 branches, and 592 spread across India having its headquarters in Mumbai.

IDFC Bank offers one of the Best Credit Card in India with benefits in multiple categories like lifestyle, rewards, travel, etc. Most of the credit cards offered are lifetime free, have lower rates of interest, and offer rewards with no expiry date. Earlier, it was only offering lifetime free credit cards, but in 2022 it came up with a super-premium card named IDFC First Private Credit Card. It is the only card issued by IDFC Bank that charges an annual fee.

IDFC First Bank Credit Card Rewards

Credit Cards	Rewards Points
IDFC First Private Credit Card	3 Reward Points on every INR 100 spent offline. 6 Reward Points for every INR 100 spent offline. 10x Reward Points on all spends (after achieving a monthly spend of INR 30,000)
IDFC First Select Credit Card	10x Reward points on every INR 100 spent on your birthdays 10x Reward Points for every INR 100 spent on purchases above INR 20,000 6x Reward points on every INR 100 spent on online spending 3x Reward points on every INR 100 spent on offline spending up to INR 20,000 1 Reward point for every INR 100 spent
IDFC First Wealth Credit Card	10x Reward points on every INR 100 spent on your birthdays 10x Reward Points for every INR 100 spent on purchases above INR 20,000 6x Reward points on every INR 100 spent on online spending 3x Reward points on every INR 100 spent on offline spending up to INR 20,000 1 Reward point for every INR 100 spent
IDFC First Classic Credit Card	10x Reward points on every INR 100 spent on your birthdays 10x Reward Points for every INR. 100 spent on purchases above INR 20,000 6x Reward points on every INR 100 spent on online spending 3x Reward points on every INR 100 spent on offline spending up to INR 20,000 1 Reward point for every INR 100 spent
IDFC First Millennia Credit Card	10x Reward points on every INR 100 spent on your birthdays 10x Reward Points for every INR 100 spent on purchases above INR 20,000 6x Reward points on every INR 100 spent on online spending 3x Reward points on every INR 100 spent on offline spending up to INR 20,000 1 Reward point for every INR 100 spent

Complimentary Lounge Access

Credit Cards	Airport Lounge Access	Railway Lounge Access
IDFC First Private Credit Card	4 complimentary domestic lounge access every quarter (for both primary and add-on cardholders) 4 complimentary international lounge access every quarter (for primary as well as add-on cardholders)	–
IDFC First Select Credit Card	4 Complimentary Domestic Lounge Access every calendar quarter	4 Complimentary Railway Lounge Access every calendar quarter
IDFC First Wealth Credit Card	4 Complimentary Domestic Lounge Access every calendar quarter	4 Complimentary Railway Lounge Access every calendar quarter
IDFC First Classic Credit Card	NA	4 Complimentary Railway Lounge Access every calendar quarter
IDFC First Millennia Credit Card	NA	4 Complimentary Railway Lounge Access every calendar quarter

IDFC First Bank Credit Card Fees & Charges

Below mentioned are the processing fees & charges for IDFC Credit Card:

Charges	IDFC First Private Credit Card	IDFC First Select Credit Card	IDFC First Wealth Credit Card	IDFC First Classic Credit Card	IDFC First Millennia Credit Card
Annual Fee	INR 50,000	Lifetime Free	Lifetime Free	Lifetime Free	Lifetime Free
Finance Charges	0.99% per month	0.75% to 2.99% per month	0.75% to 2.99% per month	0.75% to 2.99% per month	0.75% to 2.99% per month
Foreign Mark-up Fee	Nil	1.99% on the conversion amount	1.5% on the conversion amount	3.5% on the conversion amount	3.5% on the conversion amount
Redemption Fee	Nil	Nil	Nil	Nil	Nil
Cash Advance Charges	INR 250	INR 250	INR 250	INR 250	INR 250
Add-on Fee	Nil for the Ist add-on card, INR 4,000 (IInd add-on card onwards)	Nil	Nil	Nil	Nil

Documents Required

Below mentioned is the list of documents required to apply for IDFC first Credit Cards:

Proof of Identity	Proof of Address	Proof of Income
Aadhar Card PAN Card Voter ID Driving Licence Passport	Aadhar Card Passport Voter ID Driving Licence Utility bills Municipal or property tax receipt Rent agreement House allotment letter issued by central or state government	For self-employed individuals – Later ITR (Income Tax Return). For salaried employees – salary slip of last two months & bank statement showing salary credits.

Eligibility Criteria

Below mentioned are the eligibility criteria to apply for IDFC First Credit Card:

An applicant’s age should be a minimum of 21 years.
He/ she should be a resident Indian.
An applicant, whether salaried or self-employed, must have a minimum monthly income of INR 25,000.
An applicant must have a good credit score and a credit history without any defaults in payments.
The applicant must pass all the internal policy checks conducted by IDFC First Bank.

Benefits of IDFC First Credit Card

Below mentioned are the benefits of the IDFC First Credit Card:

IDFC Credit Cards are Lifetime Free.
There are no annual fees or renewal fees.
The Interest Rate on IDFC First Credit Cards starts from 0.75% per month or 9% per annum.
The foreign mark-up fee is 3.5% of all the cards.
There are no extra charges for redeeming the reward points.
No, the Over Limit Fee is chargeable on IDFC First Bank credit cards.
There is no expiry date for the reward points you earn through credit cards.
There is no limit to earning reward points.
Enjoy free visits to the railway lounges through this credit card.

IDFC First Credit Card Bill Payment

Below mentioned are the different ways to clear outstanding card bills:

IDFC First Internet Banking
Net Banking or Payments through a Debit Card
Clearing Bills through IMPS.
Using NEFT for making payments
UPI Payments are also Accepted
Make Payments through cheque or cash