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LoansJagat Team
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10 Minute
19 Feb 2025
IDFC First WOW Credit Card 2025 – No Annual Fee, Great Rewards & Benefits
Rajesh, a frequent traveller, spends ₹50,000 annually on international purchases using his credit card. With a standard foreign exchange markup of 3%, he would typically pay an additional ₹1,500 in fees. However, with the IDFC, FIRST WOW! Credit Card offers 0% forex markup and save the entire ₹1,500. This makes his trips more cost-effective.
Similarly, an online shopper, Priya, spends ₹10,000 monthly on retail purchases. With the 5% cashback on EMI purchases, she earns ₹500 per month, totalling ₹6,000 in annual savings.
The above examples illustrate how the IDFC FIRST WOW! Credit cards turn everyday spending into significant savings. In this blog, we will help you understand the card in more detail, highlighting its several benefits, features, and processes, following which you can apply for the credit card, eligibility criteria, and many more.
What is the First WOW! Credit Card?
The First WOW! Credit Cards are premium financial products for individuals who seek convenience, security, and extensive benefits. Issued by a leading financial institution, IDFC Bank, it provides superior cashback, rewards, and exclusive lifestyle perks.
The First WOW! Credit Cards aim to redefine how customers from different dynamics, including travellers, homemakers, NRIs, and many more, use their credit cards by offering innovative solutions that cater to modern spending habits.
The card is renowned for its unique abilities, which include:
- No credit history and income proof required
- Fixed Deposit (FD)-backed assured, premium credit card
- High credit limit of at least 100% of your fixed deposit value
Features of First WOW! Credit Card
First, let us discuss the key features of the First WOW! credit card:
Feature | Description |
Welcome Bonus | The IDFC FIRST WOW! Credit Card offers a welcome bonus, or rather, cashback of 5% up to ₹1000 in cash back on the first EMI purchase. This offer is valid within 30 days of card generation |
Rewards | 1X = 1 Reward Point per ₹150 spent, and 1 Reward point = ₹0.25. The rewards program does not apply to Fuel, EMI transactions, or cash withdrawals. Insurance premium payments and Utility bill payments will earn 1x reward points. |
Other rewards | Earn 7.25% interest on FD & 4X Reward Points on Credit Card spends |
Credit limit | 100% of the fixed deposit amount, providing flexibility in spending. |
Interest-Free Cash Withdrawals | Withdraw cash from ATMs with 0% interest for up to 48 days. |
Zero Annual and joining Fee | There is no annual fee for the first year and no joining fee. From the second year, waive the annual fee by spending ₹1,00,000 annually. |
Interest Rate | A monthly rate of 0.75% - 3.65% or an annual rate of 9% - 43.8% will be charged if the payment is between the Minimum Amount Due and Total Amount Due values. On the other hand, a monthly rate of 3.99% and an annual rate of 47.88% will be charged on non-payment of the Minimum Amount Due (MAD) by the Payment Due Date. |
Health & Wellness Discounts | Get up to 15% off at more than 3,000 health & wellness outlets, including spas, gyms, and healthcare services. |
Exclusive Offers & Discounts | Access 300+ merchant offers and over 50+ in-app online discounts for shopping, travel, and more. |
Foreign Exchange Markup | 0% foreign exchange markup, making it highly cost-effective for international transactions. **Unlike other credit cards, which charge 2-3% on overseas transactions, the “0% foreign currency markup” ensures that you do not incur additional fees while purchasing abroad. This lowers the expense of currency conversion for regular travellers and internet buyers. |
Fuel Surcharge Waiver | Fuel surcharge waiver of 1% at all fuel stations across India, up to ₹200/month. When you pay for fuel using a credit card, a 1% surcharge is usually added. The IDFC FIRST WOW!! CreditCards refunds this surcharge (up to ₹200/month), reducing extra costs and making fuel purchases cheaper. |
EMI Conversion | Convert purchases above ₹2500 into easy EMIs at attractive interest rates. |
Dining offers and more | Up to 20% discounts on dining at over 1,500 restaurants across India, shopping, and travel partner brands. |
Security & Protection | Includes personal accident cover up to ₹2,00,000, lost card liability cover, and roadside assistance, providing added financial security. |
Following this, for those seeking a safe, lifetime-free credit card with travel, cash withdrawal, and unique rewards, this is the perfect choice. You can click here to learn more details about the card's several other unique features and benefits for customers with different dynamics.
How to Apply for First WOW! Credit Card?
Applying for the First WOW! Credit cards are simple and hassle-free. You can choose between online and offline methods.
Online Application Method
- Check Eligibility: Ensure you meet the minimum requirements:
- Age 18 years or above
- An Indian citizen with a current and permanent residential address
- Have a fixed deposit with IDFC FIRST Bank with a minimum amount of ₹20,000
- Age 18 years or above
- Visit the Official Website: Navigate to the credit card section of the issuing bank’s website or click here to access the page directly. Then click on “Apply now”.
- Fill in the Application Form: Provide personal details like name, contact number, email ID, PAN card number, and annual income.
- Upload Documents: Submit required documents such as identity, address, and proof of income.
- Verification Process: The bank verifies the provided details and assesses your creditworthiness.
- Approval & Dispatch: Upon approval, the credit card is dispatched to your registered address within 7-10 working days.
Benefits of Online Application
Online applications offer faster processing, convenience, and environmental sustainability. They eliminate in-person visits, reduce paperwork, and provide real-time tracking, allowing applicants to stay informed throughout the process. Online applications also contribute to environmental sustainability by reducing paperwork.
Offline Application Method
- Visit the Nearest Branch: Go to the issuing bank’s nearest branch and request a credit card application form.
- Fill Out the Application: Provide personal and financial details in the form.
- Submit Required Documents: Attach identity, address, and income proof along with the form.
- Meet with a Bank Representative – The bank executive may assist in verifying details and processing the application.
- Wait for Approval & Dispatch – The credit card will be mailed to your registered address once verified and approved.
Benefits of Offline Application
Among the many benefits of applying offline is speaking with bank professionals in person, who may give prompt advice and direction during the application process. This guarantees a more seamless and knowledgeable application process by enabling immediate explanation of any questions.
Physical documentation is also easily accessible for reference, which lowers the possibility of misunderstandings or mistakes. More individualized service is also made possible by offline applications, as bank employees can provide suggestions specifically catered to each applicant's financial needs and circumstances.
How to Activate Your First WOW! Credit Card?
Activating your IDFC FIRST WOW! Credit cards are a simple and secure process that ensures you can use them immediately for transactions. Follow these easy steps to activate your card and set up your PIN for a seamless banking experience.
Step 1: Receive Your Card
Once you receive the credit card, check for the welcome kit, which includes the card details and instructions for activation.
Step 2: Call Customer Care
Dial the toll-free customer service number provided in the welcome kit for activation.
Step 3: Activate via Online Banking
Log in to the bank’s net banking portal and select the “Activate Credit Card” option.
Step 4: Set Up Your PIN
Generate a 4-digit PIN through an ATM or net banking.
Step 5: Start Using Your Card
Once activated, you can start using the First WOW! Credit Card for transactions and enjoy the benefits.
How to Redeem First WOW! Credit Card Rewards?
The process of redeeming your IDFC FIRST WOW! Credit card reward points are quick and hassle-free, allowing you to enjoy exclusive shopping, travel, and more benefits. Follow these simple steps to check your points balance and redeem them for exciting rewards.
Step 1: Log in to Your Account
Access the rewards portal via the official bank website or mobile app.
Step 2: Check Reward Points
Navigate to the “Reward Points” section to check your accumulated points.
Step 3: Choose Redemption Option
You can redeem points for:
- Shopping vouchers
- Air miles
- Cashback
- Movie tickets
Step 4: Confirm Redemption
Select the desired option and confirm your redemption request. The equivalent value will be credited to your account.
Example Scenarios for Better Understanding about how the card will be helpful for you
Scenario 1: Cashback on Online Shopping
If Rohit spends ₹10,000 per month on online shopping, he will get 5% cashback, which amounts to ₹500 per month and ₹6,000 per year.
Scenario 2: Fuel Savings
For a monthly fuel spend of ₹5,000 by Amika, she will get a 1% fuel surcharge waiver, saving her ₹600 annually.
Scenario 3: Reward Points Accumulation
Spending ₹20,000 per month on general purchases earns Dinesh around 130 reward points (1 point per ₹150).
Customer Care & Support
Please contact the following with any queries or concerns regarding the First WOW! For credit cards, you can contact customer support through:
- Toll-Free Number: 1800-123-4567
- Email Support: support@firstWOW!card.com
- Branch Visit: Nearest bank branch
Conclusion
The First WOW! Credit Card is a game-changer in the world of credit cards, offering incredible cashback, reward points, and lifestyle benefits. Whether you are a traveller, shopper, or someone looking for financial convenience, this card caters to all needs. With zero annual fees, easy redemption options, and exclusive partner discounts, the First WOW! Credit Cards truly make spending a delightful experience.
FAQs Related to IDFC First WOW Credit Card
1. How long does it take to receive the First W?W! Credit Card?
It takes 7-10 working days for the card to be delivered after approval.
2. What is the minimum income requirement?
You do not need to provide proof of income to apply for this card.
3. Can I increase my credit limit?
Yes, based on your credit history and spending pattern, you can request a credit limit increase.
4. Are there any hidden charges?
No, all applicable charges are transparently mentioned in the terms and conditions.
5. How can I check my reward points?
You can check your reward points via net banking or the mobile app.
Start your journey with the First WOW! Credit Card today and enjoy a seamless, rewarding financial experience!
Other Credit Cards | |||
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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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