IDFC bank offers 4 different credit cards, but the most demanding and beneficial among these 4 types of credit cards is the IDFC First Bank credit card. It provides many offers and reward programmes to its customers with low-interest rates.
Let’s check out all the details about IDFC First bank credit cards before claiming yours.
Types of IDFC First credit card
- IDFC FIRST Millennia credit card
- IDFC FIRST Classic credit card
- IDFC FIRST Lifestyle credit card or IDFC FIRST Select a credit card
- IDFC FIRST Wealth credit card
Please remember, every IDFC FIRST credit card comes with different reward programmes and offers.
How to apply for IDFC First Bank Credit Card
To apply for IDFC First bank credit card, there are two options available, online and offline. You can choose the way at your convenience.
For online application, here are the steps that you need to follow:
- Go to the IDFC Bank website
- There is an option called ‘personal banking’, just click on it.
- Select the ‘Card’ tab.
- Click on the apply for IDFC First bank credit card option
- Now click on the ‘apply’ option on the screen
- Here open a portal where you need to give all the details as required.
- Then click on the submit button.
- After completion of your online application form, a message will be sent to your registered mobile number with your application ID.
Check New Card : One Card Credit Card
For the offline application for your IDFC First bank credit card, you need to visit the nearest IDFC Bank branch. There they provide you with a form which you need to fill out with all the details and provide all the documents they ask for and then submit it.
After submission here, same as the online application, get a message with your application for future preference.
IDFC First Bank Credit Card’s eligibility
Like every other bank, there are some criteria that you need to check before applying for IDFC First bank credit card. Here the following are some criteria that you need to check once to know if you are eligible for the credit card or not.
- To apply for IDFC First bank credit card, like all the other credit card rules, you need to be above 18 years.
- Those below 18 years are not eligible for IDFC First bank credit cards.
- You need to have a stable monthly income to apply for IDFC First bank credit card.
- Your credit score needs to be above 750 to apply for IDFC First bank credit card.
- Your credit utilization needs to be below 30 for being eligible for IDFC First bank credit card.
- Indian and Non-Indian both are eligible to apply for credit cards.
Please note that all of the above information is subject to update and revision.
Also Check : Axis Bank Credit card
Documents needed for IDFC First Bank Credit Card
Documents that you need to submit during apply for IDFC First bank credit cards are listed below.
- For address proof, any one of the photocopies of the following documents needs to submit,
- Landline telephone bill
- Aadhaar card
- Rental agreement
- Passport
- Electricity bill
- Ration card
- For identity proof, any one of the photocopies of the following documents needs to submit
- Passport
- Voter ID
- PAN card
- Driving licence
- Aadhaar card
- For income proof, you need to submit any one of the following
- Latest salary slip
- Salary certificate
- Letter of employment
- Audit proof for self-employed individuals
- Balance sheet
- Loss statement
- Latest IT returns
- Business financial statement
How to check the application status of IDFC First Bank Credit Card
To check the status of your application for an IDFC First bank credit card, you need to follow the following steps,
- Go to the IDFC Bank website
- Click on the ‘personal banking’ option
- Click on the ‘card’ option
- Click on the credit card option
- Now click on the ‘track application’
- Enter the application ID, which is sent to your registered mobile number.
The next screen which will be appeared is showing the status of your application.
How long does it take to get IDFC First Bank Credit Card
After submission of your application through online or offline, it can take up to 15 working days for the credit card to reach your registered address. But remember for any holidays or any such issues it may take longer than usual, so you can check your application status to get to know more about it.
Fees and charges of IDFC First Bank Credit Card
There are no such annual fees deducted from IDFC First bank credit card, but there are some other fees and charges that are deducted let’s take a look at the fees and charges of the IDFC First bank credit card.
- IDFC First credit card finance charges are 0.75-3.99% monthly.
- There are no such joining fees they charge for IDFC First bank credit cards.
- Late payment charges of IDFC First bank credit card are 15% of the total amount which started from a minimum of Rs.100-1000.
- Cash advance fees of this credit card are Rs.250.
- There are no over-limit and reward redemption fees deducted from the IDFC First credit card.
- In case of a cheque return, an amount of Rs.250 will be charged.
- Rs.100 card replacement fee is taken to replace your old card and get a new one.
- The markup foreign currency value is 1.5-3.5% of the total amount.
- For fuel surcharges, 1% of the transaction amount will be charged. But this amount will be waived up to Rs.400 per transaction cycle.
Please keep in mind that above mention fees and charges are subject to change as per bank rules.
Benefits of IDFC First Bank Credit Card
As mentioned above, IDFC First bank credit card comes in 4 different variants, so the benefits of each variant are different from one another. Take a look at each IDFC First credit card’s benefits,
- IDFC FIRST Lifestyle credit card or IDFC FIRST Select a credit card
- On birthday spends, it offers 10x reward points
- 4 complimentary visits to the domestic airport lounge
- Up to 25% discount on movie tickets
- Personal accident cover of Rs. 2 lakh
- IDFC FIRST Wealth credit card
- 10x rewards on birthday spend
- Complimentary rounds of golf
- 4 domestic and international airport lounge visits
- Buy 1, get 1 movie ticket offer
- IDFC FIRST Classic credit card
- For offline spending, it offers 3x reward points
- Up to 25% discount on movie tickets every month
- For spends above 20,000, it offers 10x reward points
- 1% of fuel surcharge waiver at all fuel stations
- 4 railway lounge visits per quarter
- IDFC FIRST Millennia credit card
- On online shopping, it offers 6x rewards
- Discount of up to 25% on movie tickets
- On spends above 20,000, it offers 10x rewards
- Accident cover up to Rs. 2lakh.
Apart from the above mention benefits, there is a lot more to offer, let’s discover all the benefits of the IDFC First bank credit card.
- You can withdraw any amount of cash from an ATM and not charge any interest for up to 48 hours
- It offers the lowest interest rate for its cardholders, which is starting from 0.755 monthly or 9% annually.
- Sometimes the interest rate can go up to 3.99% which is lower than any other credit card in the market.
- On spending above 15,000 within the first 90 days of your IDFC First bank credit card issuance, you get a welcome gift voucher.
- On EMI transactions, you get 5% cashback benefit within the first 3 months of your credit card issuance.
- Get up to Rs. 10 lakh personal accident cover with your IDFC First bank credit card.
- A lost card liability of up to Rs. 50,000 you can get with your credit card.
- It comes with complimentary roadside assistance worth Rs. 1,399 with your IDFC First bank credit card.
How can you pay your IDFC First bank credit card bills?
You can pay your credit card bills through online or offline. So first 6check out how you can pay your credit card bills offline,
With the help of your IDFC First bank credit card, you can pay your bill.
- Go to your nearest IDFC bank ATM and pay your bills.
- You can also pay the bill amount through cheque and drop it to your nearest IDFC bank branch.
- Or, you can just go to your nearest IDFC bank branch and pay your bills.
For online, there are many options available to pay your bills,
- Pay your credit card bill through net banking facility, just go to the bank website and pay the bills.
- In case you do not have net banking option available, then you can transfer the amount through NEFT or IMPS.
- There is another option called ‘auto-debit facility’ which will automatically deducted your bill amount every month from your bank account.
- Another latest safe and easy payment option is UPI. You can easily and hassle-free pay your bills with UPI facility.
FAQs :
How do I open my IDFC FIRST Bank credit card?
Which bank give credit card easily?
What is interest rate in IDFC credit card?
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Conclusion :
IDFC First offers four different types of credit with a different reward Programme and offer. You can select at your convenience.
In this context, we try to give all the information regarding IDFC FIRST credit cards. So, hope this will help you to know everything about the IDFC FIRST bank credit card.