IDFC FIRST Classic Credit Card
IDFC FIRST Classic Credit Card
Fee
Joining Fee: NIL
Annual Fee: NIL
Ideal for
Travel
Reward Type
Reward Points
Welcome Benefits
Get a welcome gift voucher worth Rs. 500 on spending Rs. 15,000 or more within the first 90 days. Also, get 5% cashback on the value of your first EMI transaction done inside 90 days of card generation.
About IDFC FIRST Classic Credit Card
The IDFC FIRST Classic Credit Card is like your trusted companion in the world of credit cards. It doesn’t come with any annual fees, so it’s easy on your wallet right from the start. As a warm welcome, you’ll receive a delightful Rs. 500 gift voucher and a fantastic 5% cashback on your first EMI transaction within the first 90 days of getting your card.
But that’s not all – it loves to reward you for your spending! You’ll earn 3 Reward Points for every Rs. 150 you spend on offline purchases and a generous 6 Reward Points for every Rs. 150 spent online. And guess what? If you make larger purchases or celebrate your birthday with it, you can rack up to 10 Reward Points.
Now, let’s talk about the fun stuff. It’s not just about points; it’s about unforgettable experiences. Picture yourself enjoying 4 complimentary Railway lounge accesses every quarter. Imagine getting up to a 20% discount on dining at your favorite restaurants and a fantastic 25% off on movie tickets. Plus, it’s got your back with complimentary Roadside Assistance and insurance benefits.
The best part? No joining or renewal fees! In Short its Lifetime Free Credit Card So, go ahead and explore the world of benefits and rewards with your IDFC FIRST Classic Credit Card – your friendly partner in the world of credit cards.
Rewards & Benefits
Movie & Dining
Get a 25% discount on movies (up to Rs. 100) on the Paytm app, once per month, and up to 20% discount on dining through your IDFC FIRST Classic Credit Card.
Travel
Get complimentary Railway lounge access 4 times in a calendar quarter. You also get complimentary roadside assistance worth Rs. 1399 4 times in a year
Rewards Rate
3 Reward Points on every offline spend of Rs. 150 & 6 Reward Points on every online spend of Rs. 150.
Reward Redemption
The Reward Points can be redeemed instantly for online transactions & partner stores. Here, 1 Reward Point = Rs. 0.25.
You have to pay a convenience fee of Rs. 99 plus taxes to redeem your rewards points
Golf Club Membership
NA
International Lounge Access
NA
Domestic Lounge Access
4 complimentary Railway lounge access every quarter.
Insurance Benefits
You get a personal accident cover worth Rs. 2 Lakhs and a lost card liability cover worth up to Rs. 25,000
Zero Liability Protection
You won’t have to bear any responsibility for unauthorized transactions on your card if you report the loss to the bank promptly.
Fees & Charges of IDFC FIRST Classic Credit Card
Fee Waiver
NA
Rewards Redemption Fee
Rs. 99 + GST
Forex Markup
3.5% on all foreign currency spends.
Interest Rates
0.75% to 3.5% per month
Fuel Surcharge
1% fuel surcharge waiver (up to Rs. 200 per statement cycle)
Cash Advance Charge
Rs. 199
Add-on Card Fee
Nil
Card Replacement Fee
NA
Pros of IDFC FIRST Classic Credit Card
No Annual Fee: You won’t be burdened with any annual fees, which means you can enjoy the benefits without worrying about extra costs.
Warm Welcome: As a sweet welcome gesture, you’ll receive a Rs. 500 gift voucher when you spend Rs. 15,000 or more in the first 90 days. Plus, there’s a cool 5% cashback waiting for you on your first EMI transaction!
Reward Points: Every time you use your card, you earn Reward Points. Get 3 Reward Points for every Rs. 150 spent on offline purchases and 6 for online ones.
Extra Rewards: When you go big on purchases or celebrate your birthday, you can score up to 10 Reward Points per Rs. 150 spent.
Fun Experiences: Your card offers exciting perks like 4 complimentary Railway lounge accesses every quarter, mouth-watering discounts of up to 20% at dining spots, and a fantastic 25% off on movie tickets.
Peace of Mind: Travel and enjoy your purchases knowing that you’re covered with personal accident insurance and a lost card liability cover.
Helping Hand: In case you need assistance on the road, you’ve got complimentary Roadside Assistance worth Rs. 1,399 up to four times a year.
Fuel Savings: Say goodbye to high fuel costs with a 1% fuel surcharge waiver, saving you up to Rs. 200 per month at fuel stations.
Protection: Worried about fraud? Don’t be! You won’t be held responsible for fraudulent transactions if you report the loss to the bank promptly.
Easy Redemption: Redeeming your Reward Points is a breeze, and you can do it instantly for online transactions or at partner stores.
Broad Acceptance: Your IDFC FIRST Classic Credit Card is widely accepted, so you can use it for various transactions hassle-free.
Friendly Eligibility: It’s available to both salaried and self-employed individuals with a decent monthly income and a good credit score.
Extra Perks: Enjoy complimentary benefits like lounge access and discounts, making your card an excellent companion for your lifestyle.
Cons of IDFC FIRST Classic Credit Card
Here are some things to consider, like friendly reminders, about the IDFC FIRST Classic Credit Card:
Limited International Use: Keep in mind that while this card is your buddy in India, it might not be as popular abroad. Before jet-setting, check its acceptance in the countries you plan to visit.
Currency Conversion Costs: When you use your card internationally, there’s a 3.5% foreign currency markup fee. It’s like a small fee for the convenience, so be mindful of it.
Cash Advance Charges: If you ever need cash in a pinch, remember that there’s a Rs. 199 fee for cash advances. Cash advances also come with interest charges from day one, so use them sparingly.
Transaction Exceptions: Not every purchase earns Reward Points. Things like fuel buys, EMI transactions, loan payments, and cash withdrawals usually don’t qualify. So, plan your spending accordingly.
Redemption Fees: When you redeem your hard-earned Reward Points, there’s a convenience fee of Rs. 99 plus taxes. Just a small heads-up when you decide to cash in those points.
Eligibility Criteria
To be eligible for the IDFC FIRST Classic Credit Card, here’s what you’ll need:
Age Requirement: You should be at least 21 years old. It’s like a passport to card ownership!
Employment Status: Whether you’re salaried or self-employed, as long as you have a regular source of income, you’re on the right track.
Monthly Income: You’ll need to meet the bank’s minimum income criteria, which they’ll specify. It’s like making sure you have a comfy seat on the credit card train.
Credit Score: A good credit score is like a golden ticket. Make sure yours is in good shape to increase your chances of approval.
Documents Required
To apply for your IDFC FIRST Classic Credit Card, you’ll need these documents:
Identity Proof: You can provide any one of the following:
- Aadhar Card
- Voter’s ID
- Driving License
- PAN Card
- Passport
Address Proof: You have options here too; choose one from:
- Latest month’s utility bills (like electricity or gas)
- Aadhar Card
- Passport
Income Proof: This one may vary, but generally, you can submit one of the following:
- Latest salary slips
- Latest bank statements
- Latest audited Income Tax Returns (ITR)
Who Should Apply for this card?
Young Professionals: Ideal for those starting their financial journey, with no annual fees and attractive benefits.
Frequent Shoppers: Reward Points system for both online and offline purchases, offering tangible benefits for spending.
Frequent Travelers: Valuable perks include complimentary Railway lounge access and a 1% fuel surcharge waiver, great for travelers.
Movie and Dining Enthusiasts: Discounts on dining and movies make it a fantastic choice for entertainment lovers.
Individuals Seeking No Annual Fees: No joining or renewal fees, making it cost-effective.
How Apply for this card?
- Step 1: Start by visiting the official website
- Step 2: Explore Credit Card Options
- Step 3: Select the Classic Credit Card
- Step 4: Click “Apply Now“
- Step 5: Provide Your KYC Details
- Step 6: Submit Your Application
- Step 7: Confirmation Awaited
- Step 8: Wait for Approval
- Step 9: Card Delivery
- Step 10: Activate and Enjoy
