The IDFC FIRST WoW Credit Card, a secured credit card backed by a Fixed Deposit, is issued by IDFC Bank and offers numerous features and benefits to cardholders. To get this card, you need to make a Fixed Deposit of at least ₹10,000 with the bank. The FIRST WoW Card stands out because it comes with no joining or renewal fees, making it an ultimate lifetime free card.
One of the most attractive features of the FIRST WoW Card is its zero foreign markup fee, a benefit typically only offered by high-end premium credit cards with significant annual fees. With this feature, you can make international transactions without worrying about additional charges or fees.
Cardholders earn 4 Reward Points for every ₹150 spent on eligible transactions, and these points do not expire, allowing you to accumulate and redeem them anytime for vouchers, deals, and more. Additionally, the card offers flexible and convenient EMI options for purchases over ₹2,500, making it easier to manage larger expenses.
Overall, the FIRST WoW Credit Card is a cost-effective and feature-rich option for those looking to build or improve their credit while enjoying various rewards and benefits.
Overview
Feature | Details |
---|---|
Card Type | Cashback Card |
Reward Rate | Up to 5% cashback on selected categories |
Reward Value | Direct cashback credited to the account |
Annual Fee | None |
Unique Selling Points | No annual fees, cashback on everyday spends, fuel surcharge waiver |
Rating (out of 5) | 4.4 |
IDFC FIRST WoW Credit Card Welcome Benefits
Welcome Benefit | Details |
---|---|
Welcome Cashback | Up to ₹500 cashback on initial spends |
IDFC FIRST WoW Credit Card Charges
Fee Type | Details |
---|---|
Joining Fee | None |
Renewal Fee | None |
Finance Charges | 0.75% per month (9% per annum) |
Late Payment Fee | ₹100 to ₹1,000 based on the outstanding balance |
Foreign Transaction Fee | 3.5% + GST |
Rent Payment | 1% fee using third-party apps like CRED, Paytm |
Education | 1% fee using third-party apps |
Utilities | No additional charges |
IDFC FIRST WoW Credit Card Benefits
This card offers various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹200 to ₹5,000.
- Interest-Free Credit: Up to 48 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Rewards
Spend Category | Reward Rate |
---|---|
Grocery and Dining | Up to 5% cashback |
Movie Tickets | Up to 4% cashback |
All Other Spends | 1.5% cashback |
Reward Value | Direct cashback credited to the account |
Rewards Expire in | Never |
Milestone Benefits
Spending Milestone | Reward Earned |
---|---|
Annual Spend of ₹1,00,000 | Additional ₹1,000 cashback |
Redemption
Cashback earned is automatically credited to the cardholder’s account and can be used to offset the statement balance.
Gift Vouchers Available
Category | Brands |
---|---|
Shopping | Amazon, Flipkart |
Electronics | Croma |
Travel | MakeMyTrip, Cleartrip |
Dining | Zomato, Swiggy |
Entertainment | BookMyShow |
Airport Lounge Access
Access Type | Details |
---|---|
Domestic Lounges | Not available |
International Lounges | Not available |
Forex Markup Fee
Fee Type | Details |
---|---|
Forex Markup Fee | 3.5% + GST on all international transactions |
Eligibility
To apply for the IDFC FIRST WoW Credit Card, applicants must meet the following criteria:
- Age: 18 to 70 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
IDFC FIRST WoW Credit Card Review
The IDFC FIRST WoW Credit Card is an excellent choice for those who value simplicity and rewards in their daily spending. With no annual or joining fees, this card makes managing expenses hassle-free while providing substantial cashback on groceries, dining, and movie tickets. Its unique feature of no expiry on cashback rewards means cardholders can accumulate benefits without the pressure to redeem them quickly. The card’s additional perks, such as a fuel surcharge waiver and EMI conversion options, make it a practical financial tool for everyday use. It’s especially appealing for first-time credit card users and those looking for a straightforward, cost-effective way to manage their finances.
Overall Rating: 4.4
- Benefits: 4.5
- Fees: 5.0
- Customer Service: 4.3
IDFC FIRST WoW Credit Card Pros and Cons
Pros | Cons |
---|---|
No annual or joining fees. | No airport lounge access. |
High cashback on everyday categories. | Limited rewards for high-end purchases. |
Fuel surcharge waiver. | High foreign transaction fee. |
Similar Cards to IDFC FIRST WoW
Feature | IDFC FIRST WoW Credit Card | HDFC Millennia Credit Card | SBI SimplyCLICK Credit Card |
---|---|---|---|
Annual Fee | None | ₹1,000 + GST | ₹499 + GST |
Lounge Access | Not available | 8 complimentary domestic lounge visits | Not available |
Reward Rate | Up to 5% cashback | 5% cashback on Amazon, Flipkart, etc. | 10X rewards on online spends |
Reward Value | Direct cashback credited to account | Cashback credited as statement credit | 4 points per ₹100 spent |
Special Benefits | No fees, high cashback, fuel surcharge waiver | High rewards on popular online stores | High rewards on online partners |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
- Best Cashback Credit Cards in India
- How to Maximize Credit Card Rewards
- IDFC FIRST Bank Credit Cards
For more detailed information about IDFC FIRST Bank credit cards and other financial products, you can visit the official IDFC FIRST Bank website.
FAQ
What is the annual fee for the IDFC FIRST WoW Credit Card?
The IDFC FIRST WoW Credit Card has no annual or joining fees.
How can I earn cashback with the IDFC FIRST WoW Credit Card?
You can earn up to 5% cashback on groceries, dining, and movie tickets, and 1.5% on other spends.
How is the cashback credited for the IDFC FIRST WoW Credit Card?
Cashback is automatically credited to your card account and can be used to offset your statement balance.
Does the IDFC FIRST WoW Credit Card offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹200 to ₹5,000.
What are the milestone benefits of the IDFC FIRST WoW Credit Card?
The card offers additional ₹1,000 cashback upon reaching an annual spend of ₹1,00,000.
Is the IDFC FIRST WoW Credit Card worth it for cashback seekers?
Absolutely. With no fees, high cashback rates, and fuel surcharge waiver, this card provides excellent value for everyday expenses.