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LoansJagat Team

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30 Jun 2025

IDFC First Bank Wealth Credit Card – Premium Features & Apply Online

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Let’s say Mr. Ravi, a prominent real estate owner in South India, frequently travels for business across major cities.

To enjoy comfort during travel, he uses the IDFC FIRST Bank Wealth Credit Card, which offers free domestic airport lounge access every quarter, perfectly aligning with his high-profile lifestyle and frequent flight needs.

Let’s see how many times he has been to these domestic airport lounge access:

Location of Airport Lounge Access	Month	Price	With IDFC First Bank Wealth Credit Card
Chennai	January-March (1^st Financial Quarter)	Usually, all these domestic airport lounges charge between ₹ 2,500 to ₹ 5,000, based on amenities and location.	Mr. Ravi gets completely free!
Mumbai	January-March (1^st Financial Quarter)
Delhi	July-August (3^rd Financial Quarter)
Hyderabad	July-August (3^rd Financial Quarter)
Kochi	October-December (4^th Financial Quarter)

Let’s see how IDFC First Bank Wealth Credit Card benefits Mr. Ravi, through this blog, which expounds the benefits and features associated with it.

IDFC First Bank Wealth Credit Card Eligibility Criteria

To become eligible for this luxurious credit card, Mr. Ravi adheres to the following eligibility criteria, framed by the IDFC First Bank:

Age	21years
Occupation	Salaried	Self-Employed
Income	Minimum of ₹ 36,00,000 per annum
CIBIL Score	More than 700

Note: If the required CIBIL score is not available from the credit card applicants, the application may or may not get rejected. The bank has the right to decide regarding the sanction of this credit card.

Documents Required to Furnish

Any one of the following documents from each category is required to process the credit card application of Mr. Ravi:

Identity Proof	Aadhaar Card, driving license, PAN card, Voter ID, or Passport.
Residence Proof	Electricity Bill, Ration card, previous month’s bank statement, or telephone bill.
Income Proof	Latest Payslip, Form 16, or Income Tax Return

Disclaimer: There is a possibility that bank authorities can request the applicant to furnish the salary slips or bank statements as a mandatory document. Because the minimum source of income for the applicant is ₹ 36,00,000 per annum. Hence, they need to verify their source of income.

How to Apply?

Mr. Ravi has two possibilities to apply for this credit card, which are:

Online	By applying through the bank’s official website for the credit card application.
Offline	A customer service associate or relationship officer will guide Mr. Ravi through the application process.

Tips to Improve the Application

The applicant must have a CIBIL score of more than 700. This proves that the applicant’s credit report and history are clean.
The applicant must furnish enough documents to support his or her minimum source of income of ₹ 36,00,000 per annum.
It is advisable to furnish the same address for the identity proof and address proof.
Ensure to submit the latest bank statement or salary slip, which is not older than three months.
Arrange all the required documents properly for the fast approval of the credit card application.

Features of IDFC First Bank Select Credit Card

This is a high-profile credit card which consists of many reward points and benefits, to make purchases and spending more memorable to its cardholders.

Let’s see how this credit card helps Ramoji to avail the following benefits:

Features	Benefits
Welcome Benefits	Eligible for a ₹ 500 gift voucher after spending ₹ 15,000 or more within 90 days of card activation. 5% cashback on EMI transactions up to ₹ 1,000 within the first 30 days
	Example: If Ravi spends ₹ 15,000 or more within 30 days after the activation of the card, he is eligible to receive a ₹ 500 gift voucher. This ₹ 500 gift voucher can be used later in other purchases.
Travel Benefits	2 complementary railway lounge access on every financial quarter, in a year. 2 complimentary domestic airport lounge access on every financial quarter, in a year. 4 complimentary railway station lounge access at select stations.
	Example: Mr. Ravi can visit a domestic airport lounge access in India for two times in any financial quarter.
Reward Points	Eligible to receive 3x reward points up to ₹ 20,000 of purchases, on both online and offlinepurchases. Cardholder gets 10x reward points for expenditure above ₹ 20,000 on their birthday. 3x reward points for transactions on rent and property. 1x reward points on utility bills and insurance payments. Note: 1x = 1 reward point for ₹ 150
	Example: Suppose if Mr. Ravi pays the utility bill for ₹ 1,200, then his reward points are 8. Let’s see the reward points calculation: 1 reward point is for every ₹ 150. So the bill is ₹ 1,200 = 1200/150 = 8 So, a total of 8 reward points for ₹ 1,200.
Low Forex Markup Fee	The cardholder gets 1.5% for foreign transactions.
	Example: Example: Let’s assume that 1 USD is ₹ 85. So when Mr. Ravi purchases in USD for $ 1,500, then this is how the INR is calculated: $ 1,500₹ 85 = ₹ 127,500. Adding the foreign exchange fee of 1.5% will bring: 1.5/1000127,500 = 191.25 So the total amount is ₹ 127,191.25 (₹ 127,000 + ₹ 191.25)
Lifestyle Benefits	Eligible for 300-plus offers from select merchants Up to 20% special discount at 1500 plus restaurants. Availability of a 15% discount at 3,000-plus health and wellness outlets.
	Example: Mr. Ravi availed the 20% special discount at a restaurant for a food order of any price.
Fuel Surcharge Waiver	1% fuel surcharge for transactions between ₹ 200 to ₹ 5,000
	Example: Mr. Ravi’s fuel surcharge can be waived if his transaction is between ₹ 200 to ₹ 5,000. However, a fuel transaction below ₹ 100 and above ₹ 5000 incurs a 1% fuel surcharge.
EMI Conversion	Eligible to convert transactions above ₹ 2,500 into EMIs.
	Example: If Mr. Ravi purchased a washing machine for ₹ 25,000 using this credit card, he can convert its repayment into EMIs.

Fees and Other Charges

Fee Type	Charges
Joining Fee	Free
Annual Fee	Free
Annual Percentage Rate	42%
Card Replacement Fee	₹ 100
Cash Withdrawal Fee	₹ 199

IDFC First Bank Wealth Credit Card FAQs

1. What is the required income criterion for the IDFC First Bank Wealth Credit Card?

The required annual income is a minimum of ₹ 36,00,000 per annum

2. Is there a joining fee for this credit card?

No, there is no joining fee.

3. What is the Forex Mark-up Fee?

It is 1.5% of the foreign transaction.

4. Can I apply for this credit card if my income is ₹ 1,20,000?

No, you cannot apply for this credit card.

5. Suppose I have a fixed deposit of ₹ 40,00,000. Am I still eligible to get this credit card?

The bank may or may not consider your fixed deposit of ₹ 40,00,000. All the decisions regarding the approval of this credit card are with the bank authorities.

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LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?

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