IDFC FIRST Bank the bank of the new generation launched its first-ever credit cards. IDFC First Bank Credit card will run on the Visa & Visa Signature platform. The bank launched 4 credit cards in one shot. Two of the cards are entry-level one is mid-range and the rest is an upper variant. In this post, we will discuss the features and benefits of the IDFC FIRST Millennia credit card and IDFC FIRST Classic credit card.
IDFC FIRST Bank is in the spotlight by launching a premium savings account that comes with IDFC FIRST Bank Visa Signature Debit Card. Now they are trying to capture the credit card market by offering lifetime free credit cards & interest rates starting at 9% per annum.
Now come to the features and benefits of IDFC FIRST Bank Credit Card.
Features of IDFC First Bank Credit Card
All the Credit Card from IDFC Bank comes with likely the same features and benefits, the only difference between entry, mid, and the high-end card is the eligibility and some privileges. Now the general benefits of IDFC Credit Cards are –
- Lifetime free credit card from IDFC Bank,
- The lowest interest rate at 9% per annum (lowest in all credit card providers).
- Up To 10X rewards points.
- Interest-Free Cash Withdrawals from ATMs (Rs.250 + GST w/d charges applicable).
- No expiry of rewards points.
- Railway lounge access on all cards.
IDFC Bank Millennia Credit Card Features and Benefits
Reward Program
- 10X Reward Points on all Spends above ₹20,000
- 6X Reward Points on Online Spends
- 3X Reward Points on all Offline Spends
- Your reward points are not capped and they don’t expire, ever!
- 10X Rewards on all spending done on your Birthday
- 1X = 1 Reward Point per ₹100 spent | 1 Reward Point = ₹0.25
Super Saver Benefits
- Interest-free cash withdrawal from ATMs for up to 48 days
- Low-Interest Rate starts at 0.75% p.m. (9% annually)
- NIL Overlimit fees, NIL Addon charges
- NIL Reward redemption fees.
Joining Benefits
- Welcome Gift Vouchers worth ₹500 on spending ₹15,000 within 90 days of card set-up
- Get 5% cash back on the first EMI transaction performed within 90 days of card set-up.
Privileges
- 25% discount on movie tickets up to ₹100, once a month
- Enjoy 4 complimentary Railway lounge visits every quarter
- Up to 20% discount on 1500+ restaurants across India & 15% discount on 3000+ Health & Wellness Outlets
- Fuel surcharge waiver at all fuel stations across India up to ₹200 every month
- Personal Accident Cover worth ₹2 Lakh* & complimentary lost card liability cover of ₹25,000
Get an IDFC First Bank Credit Card
Eligibility Criteria for IDFC FIRST Millennia Credit Card
The criteria are not specified for eligibility. But we can assume some factors that are relationship with the bank, ITR, Debit card usage, and mainly the credit score. As it’s an annually free charge credit card the requirement of credit score is high (750+), and the rest of the bank will decide.
The general eligibly of any credit card is
- The primary cardholder should be between the age of 18 and 70 years.
- The individual should either be a Resident of India or a Non-Resident Indian.
- PAN Card or Form 60, Identity Proof, Color Photo, Income Proof.
As of now, the cards are available for IDFC Bank customers only. From April 1st, 2021 anyone can apply for an IDFC FIRST Millennia credit card by visiting this link.
Joining Fees
- Joining fee: Zero
- Renewal fee: Zero
IDFC First Bank Credit card is a Lifetime Free Credit Card.
Now let’s talk about the IDFC FIRST Classic Credit Card. IDFC FIRST Millennia & Classic Credit Card comes with the same features and benefits listed above. But the differences are the design and card limit.
How To Redeem the Rewards Points of IDFC Bank Credit Card
IDFC FIRST Credit card offers good rewards points on every transaction. The points have no expiry. So the point is how to redeem rewards points of IDFC FIRST Bank Credit Cards.
- For IDFC First customers visit internet banking or mobile app and click on Reward & Offers.
- Or anyone having an IDFC FIRST Credit Card visit this link to redeem rewards points.
- Enter the registered mobile number,
- Enter OTP
- Redeem rewards points.
How to Apply for IDFC First Bank Credit Card
If you find it interesting for you, now you want to apply for this credit card here are the details on how to apply for IDFC FIRST Millennia or Classic Credit Card.
- Visit This Link.
- Enter First & Last Name,
- Put Email, Phone No, PIN Code,
- Enter OTP, verify, and submit.
Now if you are eligible then you will get the card or you have to wait. So that’s it!!
Bottomline
IDFC FIRST Bank is new to the credit card segment and at the beginning, they are offering good rewards and offers. If you spend online you will get 1.5% and 2.5% on the above spending of Rs. 20K and on birthday. As an entry-level credit card that is good. Also, you can get industries’ lowest interest rates starting from 9% per annum (the bank will select who will get it). So that’s all.
What are your thoughts on the IDFC First Bank credit cards? Feel free to share your thoughts in the comments below.
Read More – IDFC First Bank WOW Credit Card