IDFC FIRST Credit Card: FREE Voucher Rs 500

IDFC FIRST Credit Cardoffers a range of credit cards to suit the diverse needs of its customers.

Here are some of the popular IDFC FIRST credit cards:

1. IDFC FIRST Visa Signature Credit Card: This credit card is loaded with benefits such as complimentary lounge access, discounts on dining, fuel surcharge waiver, and rewards on every spend.
2. IDFC FIRST Select Credit Card: This card is designed for frequent travellers and offers benefits such as complimentary lounge access, travel vouchers, and rewards on travel spends.
3. IDFC FIRST Millennia Credit Card: This card is targeted towards millennials and offers cashback on online shopping, dining, and entertainment spends.
4. IDFC FIRST Classic Credit Card: This is a basic credit card that offers benefits such as fuel surcharge waiver, rewards on every spend, and discounts on dining.

IDFC FIRST Credit Card features

IDFC FIRST Bank offers a range of credit cards, each with its own unique features and benefits. Here are some of the common features that you can expect from IDFC FIRST credit cards:

Rewards Program:

IDFC FIRST credit cards come with a rewards program that allows you to earn rewards points on every purchase. These rewards points can be redeemed for a range of benefits such as cashback, vouchers, merchandise, and more.

Fuel Surcharge Waiver:

Many IDFC FIRST credit cards offer a fuel surcharge waiver on fuel purchases made at select petrol pumps.

Complimentary Airport Lounge Access:

Some IDFC FIRST credit cards offer complimentary access to airport lounges across India.

Discounts on Dining: Many IDFC FIRST credit cards offer discounts on dining at select restaurants.

EMI Options:

IDFC FIRST credit cards allow you to convert your high-value purchases into easy EMIs, making it easier to manage your finances.

Contactless Payments:

IDFC FIRST credit cards come with contactless payment options that allow you to make payments quickly and securely.

Insurance Coverage:

Some IDFC FIRST credit cards offer insurance coverage for lost baggage, lost passport, and more.

IDFC FIRST Credit Card fee & charge

IDFC FIRST Bank offers a range of credit cards with different fee structures and charges. Here are some of the common fees and charges associated with IDFC FIRST credit cards:

Annual Fee:

IDFC FIRST credit cards may come with an annual fee ranging from zero to a few thousand rupees. The annual fee may be waived off if you spend a certain amount on your credit card within a specified time period.

Finance Charges:

IDFC FIRST credit cards charge finance charges on the outstanding amount if you do not pay the full amount due on your credit card by the due date. The finance charge may range from 1.99% to 3.49% per month.

Late Payment Charges:

If you fail to pay the minimum amount due on your credit card by the due date, IDFC FIRST Bank may levy a late payment fee ranging from Rs. 100 to Rs. 1,000.

Cash Advance Fee:

IDFC FIRST credit cards charge a cash advance fee if you withdraw cash from an ATM using your credit card. The fee may range from 2.5% to 3.5% of the transaction amount.

Foreign Currency Markup Fee:

IDFC FIRST credit cards charge a foreign currency markup fee on transactions made in foreign currency. The markup fee may range from 3.5% to 3.99% of the transaction amount.

Overlimit Fee:

If you exceed your credit limit on your IDFC FIRST credit card, the bank may levy an overlimit fee ranging from Rs. 500 to Rs. 1,000.

These are some of the common fees and charges associated with IDFC FIRST credit cards. The specific fees and charges may vary depending on the credit card you choose. It’s best to check the fees and charges associated with each credit card on the IDFC FIRST Bank website or by contacting their customer service.

IDFC FIRST Credit Card: Eligibility & Documentation

The eligibility criteria and documentation required for an IDFC FIRST credit card may vary depending on the specific card you are interested in. However, here are some of the general eligibility criteria and documents required for IDFC FIRST credit cards:

Eligibility Criteria:

Age:

The minimum age requirement for an IDFC FIRST credit card is usually 18 years, and the maximum age limit may be up to 65 years or more, depending on the card.

Credit Score:

To be eligible for an IDFC FIRST credit card, you need to have a good credit score. The specific credit score requirement may vary depending on the credit card.

Income:

You need to meet the minimum income requirement specified by IDFC FIRST Bank to be eligible for a credit card. The income requirement may vary depending on the credit card.

Documentation:

1. Proof of Identity: You need to submit a government-issued identity proof such as Aadhaar card, PAN card, passport, or driving license.
2. Proof of Address: You need to submit a document that verifies your current address, such as a recent utility bill, rent agreement, or passport.
3. Income Proof: You need to submit income proof such as salary slips, bank statements, or income tax returns to prove your eligibility for the credit card.
4. Passport-sized Photograph: You need to submit a recent passport-sized photograph along with your application.

These are some of the general eligibility criteria and documents required for an IDFC FIRST credit card. The specific eligibility criteria and documentation requirements may vary depending on the credit card you choose. It’s best to check the eligibility criteria and documentation required for each credit card on the IDFC FIRST Bank website or by contacting their customer service.

People also ask (FAQ)

1. Is IDFC credit card really free?

IDFC FIRST Bank offers different types of credit cards with different fee structures, rewards programs, and benefits. Some IDFC FIRST credit cards come with a zero annual fee, while others may come with an annual fee that is waived off if you spend a certain amount on the card within a specified time period.

So, whether or not an IDFC FIRST credit card is free depends on the specific card you choose and the fee structure associated with that card. It’s important to check the fee structure and terms and conditions of the card you are interested in to understand if there are any fees associated with it.

It’s also worth noting that while some IDFC FIRST credit cards may come with a zero annual fee, there may still be other charges such as finance charges, late payment fees, cash advance fees, foreign currency markup fees, and overlimit fees, among others. So, it’s important to read the terms and conditions carefully and understand all the fees and charges associated with the card before applying for it.

2. What is the minimum salary for IDFC FIRST Bank credit card?

The minimum salary requirement for an IDFC FIRST Bank credit card may vary depending on the specific card you are interested in. However, as a general guideline, the minimum salary requirement for IDFC FIRST Bank credit cards is usually around Rs. 25,000 to Rs. 30,000 per month.

It’s important to note that meeting the minimum salary requirement is just one of the eligibility criteria for IDFC FIRST Bank credit cards. Other factors such as your credit score, credit history, and employment status may also be taken into consideration when evaluating your credit card application.

Additionally, the minimum salary requirement may vary depending on the specific credit card you choose. Some IDFC FIRST Bank credit cards may have a higher minimum salary requirement than others, depending on the features and benefits offered by the card.

To know the specific minimum salary requirement for the IDFC FIRST Bank credit card you are interested in, it’s best to check the eligibility criteria on the bank’s website or contact their customer service.

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3. What is the interest rate of IDFC first credit card?

IDFC FIRST Bank offers different types of credit cards with different interest rates depending on the card and the transaction type. The interest rate for each type of transaction may vary depending on the credit card you have, and the specific terms and conditions that apply.

Generally, IDFC FIRST Bank credit cards charge interest on the outstanding balance on a monthly basis, and the interest rate can range from 1.99% to 3.49% per month. This translates to an annual interest rate (APR) of 23.88% to 41.88%.

It’s important to note that the interest rate on your IDFC FIRST Bank credit card may depend on various factors such as your credit score, credit history, repayment behavior, and the specific card you have. In addition, if you do not pay your credit card dues on time or in full, you may be charged additional fees and penalties, which can increase the cost of borrowing.

Therefore, it’s advisable to read the terms and conditions of your IDFC FIRST Bank credit card carefully, understand the interest rate and other charges associated with it, and use the card responsibly to avoid high-interest charges and additional fees.

4. Can I get IDFC credit card without income proof?

No, you cannot get an IDFC FIRST Bank credit card without income proof. Income proof is one of the mandatory documents required by IDFC FIRST Bank to verify your eligibility for a credit card.

Income proof helps the bank to determine your creditworthiness and whether you can afford to make timely repayments on the credit card. Therefore, submitting valid income proof is a crucial step in the credit card application process.

In some cases, IDFC FIRST Bank may also verify your income by checking your credit score, bank statements, or income tax returns. However, having a valid income proof is still mandatory, and the bank may reject your credit card application if you fail to provide it.

It’s important to note that the specific income proof requirements may vary depending on the credit card you choose. Therefore, it’s advisable to check the eligibility criteria and documentation requirements for each IDFC FIRST Bank credit card on their website or by contacting their customer service.

5. What is the limit for IDFC credit card?

The credit limit for an IDFC FIRST Bank credit card may vary depending on various factors such as your income, credit score, credit history, employment status, and other financial obligations. The bank assesses your creditworthiness based on these factors to determine your credit limit.

The credit limit is the maximum amount that you can borrow on your credit card. The limit may be reviewed periodically by the bank and can be increased or decreased based on your credit card usage, payment behavior, and other factors.

IDFC FIRST Bank credit cards have a minimum credit limit of Rs. 10,000, and the maximum credit limit can range from Rs. 50,000 to Rs. 10 lakhs, depending on the card and your eligibility.

It’s important to note that you should use your credit card responsibly and within your credit limit to avoid overutilization and high-interest charges. You can also request a credit limit increase from the bank if you need a higher limit, subject to their eligibility criteria and review process.

6. How to get IDFC credit card easily?

Getting an IDFC FIRST Bank credit card can be a straightforward process if you meet the eligibility criteria and submit the required documents correctly. Here are some steps you can follow to apply for an IDFC FIRST Bank credit card easily:

Check the eligibility criteria:

Visit the IDFC FIRST Bank website or contact their customer service to check the eligibility criteria for the credit card you want to apply for. Ensure that you meet the minimum income requirement, age criteria, credit score, and other eligibility factors.

Gather the required documents:

Gather all the necessary documents required for the credit card application, such as income proof, identity proof, address proof, and other documents mentioned by the bank.

Submit the application:

Fill the online application form on the IDFC FIRST Bank website or visit the nearest branch to submit your application along with the required documents.

Follow up on the application:

After submitting the application, keep track of your application status and follow up with the bank if needed. You can also check the status of your application online.

Activate the card:

Once your application is approved, you will receive the credit card. Activate the card by following the instructions provided by the bank.

Conclusion

In conclusion, IDFC FIRST Bank credit cards come with several features and benefits such as reward points, cashback offers, discounts on dining and entertainment, and other exclusive privileges. The bank offers different types of credit cards to cater to the diverse needs of customers, such as travel, shopping, lifestyle, and fuel.

While the credit card may be free for the first year, there may be annual fees and other charges applicable from the second year onwards. It’s important to read the terms and conditions of the credit card carefully to understand the interest rates, fees, and other charges associated with it.

To apply for an IDFC FIRST Bank credit card, you need to meet the eligibility criteria and submit the required documents. The credit limit may vary depending on your creditworthiness, and you should use the card responsibly to avoid overutilization and high-interest charges.

Overall, IDFC FIRST Bank credit cards can be a convenient and useful financial tool if used wisely, and can help you earn rewards and save money on your purchases.