IDFC FIRST Classic Credit Card

The IDFC FIRST Classic Credit Card is a lifetime free credit card offered by IDFC First Bank. It comes with various benefits, including reward points, entertainment and travel perks, and up to 10X rewards on spending. The card provides welcome gift vouchers and exclusive privileges in areas like entertainment and lifestyle. With its zero annual fee, decent rewards, and low-interest rates, it is an excellent choice for those seeking a rewarding and cost-effective credit card option.

Key Highlights of IDFC FIRST Classic Credit Card

  • Joining fee: Nil.
  • Annual fee: Nil.
  • Suitable for: Rewards and savings.
  • Savings: Most customers save Rs. 7,600 annually by using this card.
  • EMI conversion facility: Available on transactions above Rs. 2,500.
  • Interest Rates (APR): 0.75% to 3.5% per month (9% to 42% per annum).
  • Interest-free cash withdrawals: Applicable on domestic and international ATMs for up to 48 days.
  • Reward points: Earn unlimited reward points that never expire.
  • Minimum Net Monthly Income: Rs. 25,000.
  • Merchant offers: 300+ Merchant offers available all year long.

Features and Benefits of IDFC FIRST Classic Credit Card

Welcome Voucher: Get a ₹500 voucher when you spend ₹15,000 or more within 90 days of getting the card.
5% Cashback on First EMI: Get 5% cashback (up to ₹1000) on your first EMI transaction within 30 days of getting the card.
Movie Ticket Discount: Enjoy a 25% discount (up to ₹100) on movie tickets using the Paytm mobile app once every month.
Complimentary Railway Lounge Visits: Get 4 free visits to railway lounges every quarter.
Complimentary Roadside Assistance: Avail free roadside assistance worth ₹1,399.
Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver at all fuel stations in India, up to ₹200 per month.
Transaction Range: The benefits are applicable for transaction values between ₹200 and ₹5000.
Insurance Coverage: Benefit from a Personal Accident Cover of ₹2,00,000 and Lost Card Liability Cover of ₹25,000.
Balance Transfer Privilege: Transfer balances from other bank credit cards conveniently.

IDFC FIRST Classic Credit Card Fees and Charges

No Annual Fee: This credit card does not have any annual fee.
Low Interest Rates: The interest rates on this card range from 0.75% to 3.5% per month (9% to 42% per annum).
Interest-Free Cash Withdrawals: You can withdraw cash from both domestic and international ATMs without any interest for up to 48 days. There is a Cash Advance Fee of only ₹199 per transaction.
Over-Limit Charges: If you exceed your credit limit, there will be a charge of 2.5% of the over-limit amount, with a minimum charge of ₹500.
Late Payment Fee: For late payments, there will be a fee of 15% of the Total Amount Due, with a minimum of ₹100 and a maximum of ₹1250.
Forex Markup: The Forex Markup for all international transactions is 3.5%, which applies to the converted currency amount.

IDFC FIRST Classic Credit Card Eligibility

  • Age must be between 21 to 65 years.
  • Annual income of Rs 3 Lakhs or more.

Documents Required for IDFC FIRST Classic Credit Card

Address Proof: You can use any of the following documents as address proof – Passport, Aadhaar Card, Voter ID, or Ration Card.
Identity Proof: For identity verification, you can submit any of the following – Passport, Aadhaar Card, or Driving License.
Income Proof: To show your income, you can provide Form 16, Income Tax Returns, or your Salary Slip.

How to apply for IDFC FIRST Classic Credit Card?

  1. Go to the IDFC FIRST Bank website on your computer or mobile device.
  2. Look for the “Credit Cards” section on the website.
  3. Browse through the available credit cards and select the IDFC FIRST Classic Credit Card.
  4. Review the eligibility criteria for the card to ensure you meet the requirements.
  5. Click on the “Apply Now” or “Apply Online” button. You will be redirected to an application form.
  6. Provide the necessary details, including your personal information, contact details, income details, and other relevant information.
  7. You may be required to upload scanned copies of your ID proof, address proof, income proof, and any other documents as per the bank’s requirements.
  8. Review and submit the application.
  9. After submitting the application, the bank will review your application and assess your eligibility. If everything is in order, you will receive approval for the credit card.