Key Takeaways

Most IDFC First Bank Credit Cards have no joining or annual fees.
Interest charges apply on IDFC first bank credit card only if you do not pay your total credit card dues on or before the due date.
Premium IDFC first bank credit cards may have higher fees, but they offer extra benefits and flexibility.

IDFC First Bank Credit Card charges encompass joining fees, annual fees, interest rates, cash withdrawals, late payment penalties, and over-limit charges. While most cards carry minimal or no fees, they provide essential flexibility and convenience for a variety of users.

For instance, Ramesh selected the FIRST Millennia Credit Card, which imposes no joining or annual fees. He only incurs additional costs when making cash withdrawals or delaying payments, allowing him to keep his financial outgoings predictable and under control.

This blog provides a detailed overview of all IDFC First Bank Credit Card charges, guiding readers to select the right card while avoiding unforeseen expenses.

IFDC First Bank Credit Card Joining and Annual Charges

IDFC FIRST Bank Credit Card offers a wide range of options with affordable joining and annual fees. Most IDFC FIRST Bank Credit Cards come with no joining or annual charges, making them accessible to all types of users.

IDFC FIRST Bank Card Variant	Joining Fee (₹)	Annual Fee (₹)
FIRST Millennia Credit Card	NIL	NIL
FIRST Classic Credit Card	NIL	NIL
FIRST Select Credit Card	NIL	NIL
FIRST Wealth Credit Card	NIL	NIL
FIRST WOW! Credit Card	NIL	NIL
Employee Credit Card	NIL	NIL
FIRST Power Credit Card	₹199	₹199
FIRST Power+ Credit Card	₹499	₹499
FIRST Private Credit Card	₹50,000	₹50,000

Overall, IDFC FIRST Bank Credit Card provides excellent value with minimal fees and attractive benefits, allowing customers to enjoy premium services without heavy annual costs.

Bonus Tip: Do you know that the image personalisation feature is not available for the FIRST Private, FIRST Power, and FIRST Power+ Credit Cards.

IDFC First Bank Credit Card Interest Rate Charges

IDFC First Bank Credit Card applies interest rates on purchases, cash advances, and outstanding balances when payments fall between the minimum and total due amounts. These rates are consistent across most IDFC First Bank Credit Cards, helping customers clearly understand their potential charges.

IDFC FIRST Bank Card Variant	Interest Rate on Purchases, Cash Advances, and outstanding balances due
FIRST Millennia Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%
FIRST Classic Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%
FIRST Select Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%
FIRST Wealth Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%
FIRST WOW! Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%
Employee Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%
FIRST Power Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%
FIRST Power+ Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%
FIRST Private Credit Card	Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42%

IDFC First Bank Credit Card maintains transparent monthly and annual interest rates, allowing users to manage their payments effectively and avoid unexpected costs.

IDFC First Bank Credit Card Cash Withdrawal Charges

IDFC First Bank Credit Card levies a cash advance fee of ₹199 for every instance of cash withdrawal. This charge is applied each time a cardholder accesses cash using their credit card, making it essential to account for this cost in financial planning.

Frequent cash advances can lead to cumulative fees, so prudent use of this facility helps in avoiding unnecessary expenses and ensures more efficient management of credit resources.

IDFC First Bank Late Payment Charges

If a cardholder fails to remit the due payment on an IDFC First Bank Credit Card, the bank imposes a late payment charge equivalent to 15% of the total outstanding amount. This levy is subject to a minimum of ₹100 and a maximum cap of ₹1,250, ensuring proportionality based on the dues.

Notably, the FIRST Private Credit Card remains exempt from such charges, offering premium users protection against late fees. Timely settlement of dues, therefore, becomes critical to mitigate additional financial burdens and maintain cost-efficient credit usage.

IDFC First Bank Credit Card Overlimit Charges

IDFC First Bank Credit Card levies an over-limit charge of 2.5% on the excess amount if your spending exceeds the sanctioned credit limit. The minimum charge applied is ₹500, ensuring that cardholders maintain control over their credit usage.

However, the FIRST Private Credit Card and FIRST WOW! Credit cards are exempt from over-limit charges, giving users more flexibility without additional fees. Using an IDFC First Credit Card responsibly helps avoid these over-limit costs.

IDFC First Bank Other fees

IDFC First Bank Credit Card comes with a few additional fees that cardholders should be aware of. These include charges for returned payments, card replacement, and image personalisation, while many services remain free of cost.

Particulars	Details
Return of cheque/Auto Debit/ Payment Return	₹250 per returned cheque/Auto Debit/ Payment Return
Reward Redemption Fee	NIL (Effective 1st October 2022, ₹ 99 per redemption transaction)
Fee for cash payment at branches	NIL
Outstation cheque processing fee	NIL
Duplicate statement request	NIL
Card replacement fee	FIRST Power Credit Card - ₹100 FIRST Power+ Credit Card - ₹100 FIRST Millennia Credit Card - ₹100 FIRST Classic Credit Card - ₹100 FIRST Select Credit Card - ₹100 Employee Credit Card - ₹100 FIRST Wealth Credit Card - ₹100 FIRST Private Credit Card - ₹4000 For cards with image personalisation, ₹149 applies

Overall, IDFC First Bank Credit Card keeps most fees minimal, helping users manage their expenses efficiently while only applying charges where necessary.

Conclusion

IDFC First Bank Credit Card offers a range of cards with transparent charges for joining, annual fees, interest, withdrawals, late payments, and over-limit usage.

Most IDFC First Bank Credit Cards come with minimal or no fees, making them convenient and cost-effective for regular use.

FAQs

1. What are the benefits of an IDFC First Bank credit card?

You get low fees, interest-free cash withdrawals, fuel offers, rewards on all spends, and flexible EMI options.

2. How do you use an IDFC First Bank Credit Card?

You can tap, swipe, or use it online for payments, then repay your bill before the due date.

3. How can I block an IDFC first bank credit card instantly?

You can block it instantly through the IDFC app, internet banking, or customer care.

4. Why does the IDFC FIRST WOW Black Credit Card charge a ₹750 fee when the standard WOW card is lifetime free?

The fee covers extra travel rewards, dual cards, and promotional vouchers not included in the free WOW card.

5. Why do different IDFC First credit cards have such different fees when some, like First Wealth, are lifetime free?

Each card charges based on its reward structure, partner benefits, and premium features.

6. Why do wallet loads on the IDFC FIRST Power Credit Card still attract charges even when the card promises cashback at HPCL?

Wallet loads incur convenience fees because cashback applies only to direct HPCL Scan and Pay transactions.