IDFC FIRST Wealth Credit Card

The IDFC FIRST Wealth Credit Card is a premium offering by IDFC FIRST Bank, providing a plethora of benefits to its users across dining, movies, healthcare, shopping, and travel. Unlike typical free cards, this one stands out by offering reward points without expiry, similar to what you find in premium cards. The best part is that it comes with a lifetime free membership, making it an excellent choice for those seeking all-round benefits without any annual fees. This card is specially designed for those who value wealth and offers a top-notch reward program, ensuring you earn unlimited reward points on all your purchases, both online and offline.

Key Highlights of IDFC Wealth Credit Card

  • Joining fee & annual fees: Nil. It is free for a lifetime credit card.
  • Suitable for: Airport and railway lounge access and rewards.
  • Joining benefit: Welcome voucher worth Rs. 500 on spending equal to or more than Rs. 15,000 within 90 days of card issuance.’
  • Savings: Most customers save Rs. 18,100 yearly with IDFC FIRST Wealth Credit Card.
  • Best in class forex markup: Only 1.5%.
  • Insurance cover: You get comprehensive Travel Insurance and Air Accident coverage with the card.
  • EMI conversion facility: Through mobile on transactions above Rs. 2,500.
  • Rate of Interest (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.
  • Complimentary airport lounge visits: 4 complimentary domestic and international airport lounge and spa visits per quarter.
  • Complimentary railway lounge visits: 4 complimentary railway lounge visits per quarter.
  • Evergreen reward points: Earn unlimited reward points that never expire.

Features and Benefits of IDFC FIRST Wealth Credit Card

Welcome Voucher: Get a ₹500 voucher when you spend ₹15,000 or more within 90 days of getting the card.

5% Cashback: Earn up to ₹1000 cashback on your first EMI transaction within 30 days of getting the card.

Movie, Online, and Dining Discounts:

    • ‘Buy one, get one’ offer on movie tickets up to ₹500 on Paytm mobile app (can be used twice per month).
    • Enjoy up to 20% discount at 1500+ restaurants and up to 15% discount at 3000+ Health & Wellness outlets all year long.

Golf Rounds: Get 2 complimentary Golf rounds per month for every ₹20,000 of monthly statement spends.

Complimentary Roadside Assistance: Receive Roadside Assistance worth ₹1,399.

Fuel Surcharge Waiver: Avail a 1% fuel surcharge waiver at all fuel stations across India, up to ₹400/month (transaction values between ₹200 and ₹5000 only).

Insurance Coverage:

    • Air Accident Cover of ₹1 crore.
    • Personal Accident Cover of ₹10,00,000 and Lost Card Liability Cover of ₹50,000.
    • Comprehensive Travel Insurance Cover of USD 1200 (terms apply).

Balance Transfer Privilege: Easily transfer balances from your other bank credit cards (eligibility norms apply).

Please note that eligibility norms apply for some of these benefits.

IDFC FIRST Wealth Credit Card Fees and Charges

  • No annual fee and it’s free for a lifetime.
  • You can withdraw cash from ATMs without paying any interest for up to 48 days. There’s a cash advance fee of only ₹199 per transaction.
  • If you spend more than your credit limit, you’ll be charged an over-limit fee of 2.5% of the over-limit amount, with a minimum charge of ₹500.
  • The interest rates on this card are low, ranging from 0.75% to 3.5% per month (9% to 42% per year).
  • For international transactions, there’s a foreign exchange markup of 1.5%.
  • If you make a late payment, you’ll be charged a fee equal to 15% of the total amount due, with a minimum of ₹100 and a maximum of ₹1250.

IDFC FIRST Wealth Credit Card Eligibility

  • Age must be between 21 to 65 years.
  • Annual income of Rs 36 Lakhs or more.
  • Applicant should have a good credit score.

Documents Required for IDFC FIRST Wealth 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 Wealth Credit Card?

To apply for the IDFC FIRST Wealth credit card:

  1. Go to their official website.
  2. Choose the Wealth card from the list of cards available on their website.
  3. Fill out the application form online.
  4. Make sure you have the required documents ready, then upload the documents.
  5. Review and submit the application.

After submitting the application and necessary documents, the bank will review your application. If you meet the eligibility criteria and provide the required documents, you may get approved for the IDFC FIRST Wealth Credit Card.

Frequently Asked Questions (FAQs) –

1. What is the IDFC FIRST Wealth Credit Card?

  • The IDFC FIRST Wealth Credit Card is a premium credit card offered by IDFC FIRST Bank. It is designed to provide exclusive benefits and privileges to high-net-worth individuals.

2. What are the key features of the IDFC FIRST Wealth Credit Card?

  • The card comes with a range of features, including complimentary airport lounge access, exclusive rewards program, lifestyle benefits, and personalized services for wealth management.

3. How can I apply for the IDFC FIRST Wealth Credit Card?

  • You can apply for the card online through the official IDFC FIRST Bank website or by visiting a branch. Ensure that you meet the eligibility criteria and provide the required documents for a smooth application process.

4. What are the eligibility criteria for the IDFC FIRST Wealth Credit Card?

  • Eligibility criteria may vary, but typically, individuals with a high credit score and a substantial income are considered for the Wealth Credit Card. Specific details can be obtained from the bank’s website or customer service.

5. What is the rewards program associated with the IDFC FIRST Wealth Credit Card?

  • The card offers a rewards program where you earn points for every transaction. These points can be redeemed for a variety of rewards, including travel, merchandise, or cashback.

6. Are there any annual fees for the IDFC FIRST Wealth Credit Card?

  • Details about annual fees, joining fees, and other charges are available in the card’s terms and conditions. It is advisable to review these charges before applying for the card.

7. How does the complimentary airport lounge access work with this credit card?

  • The IDFC FIRST Wealth Credit Card usually offers complimentary access to airport lounges globally. Check the terms and conditions for the specific details, such as the number of visits allowed and participating lounges.

8. Can I link my IDFC FIRST Wealth Credit Card to mobile wallets and digital payment services?

  • Yes, you can link your IDFC FIRST Wealth Credit Card to various digital payment platforms and mobile wallets to make secure and convenient transactions.

9. How can I contact customer support for the IDFC FIRST Wealth Credit Card?

  • You can contact the bank’s customer support through the helpline number provided on the back of your credit card or visit the official website for additional contact options.

10. How can I track my credit card transactions and statements?

  • You can access your credit card statements and track transactions through the IDFC FIRST Bank’s online banking portal or mobile app. Additionally, you may receive monthly statements via email or physical mail.