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Features of IDFC FIRST Wow! Credit Card (Secured, FD-backed)

  • Lifetime Free Card:
    The IDFC FIRST Wow! Credit Card comes with no joining fees, annual fees, or membership fees—completely free for life. This makes it a cost-effective option for new users and those on tight budgets.
  • Zero Forex Markup Fee:
    Enjoy zero forex markup fees on all international transactions, saving you money on foreign currency purchases—ideal for travelers and NRIs.
  • Fixed Deposit-Backed Credit Limit:
    Your credit limit is directly linked to your Fixed Deposit (FD) with IDFC FIRST Bank. You get at least 100% of your FD value as credit limit, potentially up to 200%, allowing you to customize your credit limit by adjusting the FD amount.
  • High Interest on Fixed Deposit:
    While serving as collateral, your FD continues to earn interest up to 7.5% per annum, ensuring your savings grow alongside credit access.
  • Reward Points Program:
    Earn 4X reward points for every ₹150 spent on eligible transactions. Points never expire and are valued at ₹0.25 each. Note that fuel, insurance, EMI conversions, and cash withdrawals do not earn points.
IDFC FIRST Wealth Credit Card
    • Flexible EMI Conversion: Cardholders can convert transactions above ₹2,500 into Equated Monthly Installments (EMIs) through the IDFC FIRST Bank mobile app or net banking. This feature provides financial flexibility, allowing users to manage large purchases or unexpected expenses by spreading payments over a chosen tenure. The EMI conversion comes with low interest rates starting at 9% per annum, which is competitive compared to standard credit card rates. This makes the card ideal for planned purchases like electronics or travel expenses.
    • Cash Withdrawal Facility: The IDFC FIRST Wow! Credit Card allows cash withdrawals up to 100% of the FD value from ATMs, with no interest charged for up to 48 days. A nominal cash advance fee of ₹199 per transaction applies, which is relatively low compared to other banks. This feature provides emergency access to funds without the high interest rates typically associated with credit card cash withdrawals, making it a practical option for urgent financial needs.
    • Fuel Surcharge Waiver: The card offers a 1% fuel surcharge waiver on transactions between ₹200 and ₹5,000 at all fuel stations in India, with a maximum benefit of ₹200 per month. This feature is particularly valuable for individuals who frequently use their vehicles, as it reduces the cost of fuel purchases. The waiver applies automatically, ensuring convenience without the need for additional steps.
    • Visa Infinite Premium Platform Benefits: As a Visa Infinite card, the IDFC FIRST Wow! Credit Card provides access to exclusive benefits, including discounts and offers at premium merchants, travel privileges, and lifestyle perks. These benefits enhance the card’s value, offering cardholders access to a range of services typically reserved for high-end credit cards. For example, users can enjoy discounts at select retailers, restaurants, and travel partners.
    • No Credit History or Income Proof Required:Unlike unsecured credit cards, the IDFC FIRST Wow! Credit Card does not require a credit history or income proof for approval. The FD acts as collateral, mitigating the bank’s risk and making the card accessible to individuals with no or low credit scores. This feature is ideal for first-time credit card users, students, or those with irregular income sources.
    • Instant Digital Card Issuance: Upon successful application and FD creation, the card is issued digitally, allowing immediate use for online transactions and UPI payments. The physical card is dispatched later, but the digital card ensures that users can start using their credit limit without delay. This feature is particularly convenient for those who need quick access to credit.
    • Balance Transfer Facility: The card offers a balance transfer facility, enabling cardholders to pay off outstanding balances from other credit cards through this secured card. This can help consolidate debt and reduce interest costs, as the IDFC FIRST Wow! Credit Card offers lower interest rates starting at 9% per annum on carry-over balances. This feature is useful for managing existing credit card debt efficiently.
    • Insurance Covers:The card includes complimentary insurance benefits, such as a personal accident cover of ₹2,00,000 and a lost card liability cover of ₹25,000, provided at least one transaction is made in the last 30 days. These covers enhance the card’s security, offering peace of mind in case of unforeseen events. The insurance benefits are particularly valuable for travelers and frequent users.
    • Roadside Assistance:Cardholders receive complimentary roadside assistance worth ₹1,399, which includes services like flat tire assistance, fuel delivery, and towing in case of vehicle breakdowns. This feature is beneficial for those who drive frequently, providing added convenience and safety on the road.
    • Merchant Offers and Discounts: The card provides access to over 300 merchant offers, including discounts at retail stores, online platforms, and dining establishments. Additionally, cardholders can enjoy up to 20% off at over 1,500 restaurants and up to 15% off at 3,000 health and wellness outlets. These offers make the card a versatile tool for maximizing savings on everyday expenses.
    • Low Interest Rates: The card features low interest rates starting at 9% per annum on revolving balances, significantly lower than the industry standard of 36–42% for unsecured credit cards. This makes it easier for cardholders to manage carry-over balances without incurring high interest costs, enhancing the card’s affordability.
    • UPI Integration: The IDFC FIRST Wow! Credit Card supports UPI payments, allowing cardholders to link the card to UPI apps for seamless transactions at offline stores and online platforms. This feature aligns with the growing popularity of UPI in India, offering convenience and flexibility for digital payments.
    • Secure Transactions: The card incorporates advanced security features, including tokenization, two-factor authentication, and secure payment gateways, ensuring safe transactions both online and offline. Cardholders can also block the card instantly through the mobile app or customer care in case of suspected unauthorized activity, adding an extra layer of protection.
    • Customizable Credit Limit:Cardholders can increase their credit limit by opening additional FDs (up to two) with IDFC FIRST Bank. This flexibility allows users to adjust their credit limit based on their financial needs, making the card adaptable to changing circumstances.
IDFC FIRST Wealth Benefits

Benefits of IDFC FIRST Wow! Credit Card (Secured, FD-backed)

  • 1. Accessibility for All:
    • No Income Proof Required: Ideal for students, homemakers, freelancers, and NRIs.
    • FD-Backed Security: Approved against Fixed Deposit with minimal eligibility checks.
  • 2. Zero Fees:
    • No Joining Fee: Get started without upfront cost.
    • No Annual Fee: Lifetime free card, with no hidden or recurring charges.
  • 3. International Savings:
    • Zero Forex Markup: No extra charges on international transactions—ideal for global use.
    • Earn While You Spend: Continue earning up to 7.5% interest per annum on your Fixed Deposit even while using the credit card. Enjoy financial flexibility without compromising your savings.
    • Rewarding Everyday Spending: Earn 4X reward points per ₹150 spent on eligible transactions. Points are valued at ₹0.25 each and never expire, with redemptions available for vouchers, discounts, or bill payments.
    • Flexible Payment Options: Convert purchases above ₹2,500 into EMIs at interest rates starting from 9% per annum, making high-value purchases more affordable and manageable.
    • Emergency Cash Access: Withdraw up to 100% of the FD value from ATMs with no interest for up to 48 days. A nominal cash advance fee of ₹199 applies.
    • Fuel Cost Savings: Save with a 1% fuel surcharge waiver on transactions between ₹200 and ₹5,000, capped at ₹200 per month.
    • Premium Lifestyle Perks: Enjoy discounts at 300+ merchants, 20% off at 1,500+ restaurants, and 15% off at 3,000+ wellness outlets with Visa Infinite benefits.
    • Build Credit History: Ideal for individuals with no or low credit score. Regular usage and timely payments help build or improve your credit score.
    • Instant Credit Access: Receive a digital card instantly upon FD creation. Use it immediately for online purchases and UPI transactions without waiting for a physical card.
    • Debt Consolidation: Transfer balances from high-interest credit cards at lower interest rates starting from 9% p.a., helping you reduce overall debt burden.
    • Enhanced Security: Includes ₹2 lakh personal accident insurance and ₹25,000 lost card liability cover. Activated with at least one transaction in the last 30 days.
    • Roadside Assistance: Complimentary vehicle roadside assistance worth ₹1,399, covering towing, fuel delivery, and flat tire help across India.
    • Low-Cost Financing: Enjoy one of the lowest interest rates in the market, starting at 9% per annum on revolving balances—much lower than typical 36–42% rates.
    • UPI Payment Convenience: Pay using UPI at online and offline stores by linking your card to UPI apps for secure, fast transactions using your credit limit.
    • Merchant Discounts: Access exclusive offers on dining, shopping, and wellness services, delivering consistent value for daily spending.
    • Customizable Credit Limit: Increase your credit limit by opening up to two additional FDs, allowing you to scale credit based on changing financial needs.
    • Financial Empowerment: Enjoy the dual advantage of FD security and credit access. Features like EMI options, rewards, and UPI use promote smart and disciplined financial habits.
Check Best Gold Loan Offers

How to Apply for IDFC FIRST Wow! Credit Card (Secured, FD-backed)

  • Online Application: Visit IDFC FIRST Bank website → Credit Cards → FIRST WOW! Credit Card → Apply Now.
  • Select the Card: Choose "FIRST WOW! Credit Card" from the list and click “Apply Now” or “Express Interest”.
  • Enter Basic Details: Provide your name, mobile number, email ID, DOB, and PIN code. Verify with OTP.
  • Complete Video KYC: Keep PAN and Aadhaar ready. Join a video call with a bank representative for KYC verification.
  • Create Fixed Deposit: Use the secure link sent via SMS/email to open an FD (₹2,000 for existing, ₹5,000 for new users). FD value becomes your credit limit.
  • Credit Limit Setup: The limit (100% of FD) is processed within 7 working days. You'll get SMS/email confirmation.
  • Digital & Physical Card Issuance: Use the digital card instantly for online/UPI transactions. Receive the physical card in a few days.
  • Offline Application: Visit any IDFC FIRST Bank branch.
    • Locate Branch: Use the bank’s website/app to find the nearest branch with credit card services.
    • Submit Documents: Carry PAN, Aadhaar, and proof of address. Complete the FD process and fill the credit card application form.
    • KYC & Processing: KYC will be verified. Upon approval, the card is issued with digital and physical delivery.
  • Application for NRIs:
    • Pre-Approved Offer: Check for pre-approval in the IDFC FIRST Bank mobile app.
    • Create NRE FD: Open an FD (minimum ₹25,000) in cumulative or auto-renew mode.
    • Apply in App: Go to “Secured Card” section → Complete Video KYC → Card is issued digitally, followed by physical dispatch.
  • Post-Application Steps:
    • Activate Card: Generate PIN via app/net banking for digital and physical card use.
    • Track Status: Use app, website, or call 1800 10 888 for application tracking.
    • Manage Card: Track spends, EMI options, set limits, and auto-debit via the IDFC FIRST Bank app.
  • Tips for Smooth Application:
    • Ensure your source account has sufficient balance to create the FD.
    • Use a stable internet connection for Video KYC.
    • Provide accurate contact and ID details to avoid delays.
    • Check city eligibility and read the Cardmember Terms before applying.
  • Common Challenges & Solutions:
    • Payment Failures: Check balance and retry after disabling restrictions.
    • KYC Issues: Ensure PAN-Aadhaar data consistency and document readiness.
    • Delays: Contact customer care if approval or card dispatch exceeds 7 days.
  • Ensure Valid Contact Details: Keep your phone number and email ID active to receive timely OTPs, notifications, and updates during the application process.
  • Check Eligibility Criteria: Review the minimum age, income, and residency requirements on the bank’s website before applying to avoid rejection.
  • Use Supported Documents: Only submit PAN, Aadhaar, and address proofs accepted by the bank to prevent application delays or rejection.

Eligibility Criteria for IDFC FIRST Wow! Credit Card (Secured, FD-backed)

  • 1. Age Requirement
    • Minimum age: 18 years
    • No upper age limit – suitable for students, professionals, and senior citizens
  • 2. Residency Status
    • Indian residents with a valid permanent address
    • NRIs eligible with NRE Savings Account & pre-approved offer
    • Foreign nationals are not eligible
  • 3. Fixed Deposit (FD) Requirement
    • FD must be created with IDFC FIRST Bank
    • Minimum FD amounts:
      • Existing customers: ₹2,000
      • New customers: ₹5,000
      • NRIs: ₹25,000
    • FD must be in the applicant's name and in cumulative, reinvest, or auto-renew mode
    • Joint/Trust/Minor FDs not allowed
  • 4. Location Eligibility
    • Applicants must reside in bank-approved cities
    • Check eligibility via website, customer care (1800 10 888), or branch
  • 5. Credit & Income Requirements
    • No credit history or income proof required
    • FD acts as collateral and credit limit is based on FD value
  • 6. Good Credit Behavior (if applicable)
    • No past defaults or insolvency proceedings preferred
    • Bank may review past credit behavior for responsible usage
  • 7. Internal Policy Criteria
    • Bank evaluates based on:
      • Relationship with bank
      • Credit exposure
      • Demographics (age, occupation, location)
      • Credit bureau report (if available)
    • Approval is at bank's sole discretion
  • 8. Eligibility for Specific Groups
    • Students: 18+ can apply with an FD to build credit
    • Homemakers: Eligible with an FD, no income proof needed
    • Freelancers & Self-employed: No income documents required
    • Senior Citizens: Lifetime-free card, manage finances with FD interest
    • NRIs: With NRE account and pre-approved offer
  • 9. Application Requirements
    • Provide accurate personal/contact details
    • Complete Video KYC with valid ID/address proof
    • Consent to KYC through CERSAI CKYC, Aadhaar eKYC, etc.
    • Agree to terms including bank's right to hold NOC if dues exist
  • 10. Common Eligibility Myths – Clarified
    • No high FD needed – starts from ₹2,000
    • No credit score required
  • 11. How to Check Eligibility
    • Visit IDFC FIRST Bank website – use eligibility checker
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Documents Required for IDFC FIRST Wow! Credit Card (Secured, FD-backed)

  • 1. Proof of Identity (Any One):
    • Aadhaar Card: Preferred for its unique ID and KYC linkage
    • PAN Card: Mandatory for Video KYC and tax verification
    • Passport: Suitable for Indian residents and NRIs
    • Driver’s License: Valid if it includes photo and DOB
    • Voter ID: Acceptable for identity verification
    • OCI/PIO Card: For NRIs to confirm Indian origin
    • NREGA Job Card: Applicable for rural applicants
    • Government Photo ID: Any recognized official photo ID
  • 2. Proof of Address (Any One):
    • Aadhaar Card: Widely accepted for address validation
    • Passport: Must show current residential address
    • Voter ID: Valid for address verification
    • Ration Card: Accepted if address is listed
    • Utility Bill: Electricity/water/gas bill (not older than 3 months)
    • Rental Agreement: Registered and in applicant's name
    • Bank Statement: Reflecting current residential address
  • 3. Fixed Deposit Documentation:
    • Source Account Details: Bank account number and IFSC for FD funding
    • KYC-linked Account: Linked to PAN or Aadhaar for verification
    • NRE Savings Account: Required for NRIs
  • 4. Additional Documents (If Requested):
    • Recent passport-sized photograph (for offline applications)
    • Optional income proof (e.g., salary slip or ITR) if needed
    • FD receipt (provided post-funding)
  • 5. Documents for NRIs:
    • NRE Account details: For FD creation
    • Passport: Identity and residency verification
    • Visa or OCI/PIO Card: To establish NRI status
    • Overseas address proof: Utility bill or bank statement
    • Indian address proof (if applicable)
  • 6. Document Submission Process:
    • Online: Upload clear digital copies during Video KYC, e-sign with Aadhaar
    • Offline: Submit self-attested photocopies and originals for verification at branch
  • 7. Tips for Smooth Processing:
    • Ensure document validity and clarity
    • Match all personal details across documents
    • Prepare backup IDs in case of mismatch
  • 8. KYC Compliance:
    • Verified via CERSAI CKYC, Aadhaar eKYC, or NSDL
    • Consent required for digital verification
  • 9. For Pre-Approved Customers:
    • No additional documents needed
    • KYC already available with IDFC FIRST Bank

Factors to Consider for IDFC FIRST Wow! Credit Card (Secured, FD-backed)

  • Financial Commitment to Fixed Deposit: The card requires a Fixed Deposit as collateral—₹2,000 (existing customers), ₹5,000 (new), or ₹25,000 (NRIs). The FD is locked for the card’s tenure, and partial withdrawals are not allowed unless the card is closed.
  • Credit Limit Dependency: The credit limit is tied to the FD value (minimum 100%). Applicants requiring higher limits must deposit more. Ensure your FD aligns with your credit needs.
  • Interest Earnings on FD: The FD earns up to 7.5% interest, depending on tenure and prevailing rates. Evaluate if the returns justify locking in funds.
  • Rewards Program Limitations: Offers 4X reward points per ₹150 spent, but excludes fuel, insurance, EMIs, and cash withdrawals. Ensure your spending pattern fits the program.
  • Forex Markup Advantage: Zero forex markup is ideal for international usage. Domestic users may find this benefit less useful.
  • EMI Conversion Costs: Available for spends above ₹2,500 at 9%+ interest. Assess EMI interest versus paying in full before using this facility.
  • Cash Withdrawal Fees: Up to 100% of FD can be withdrawn, interest-free for 48 days. But a ₹199 fee per transaction applies, making frequent use costly.
  • Fuel Surcharge Waiver Cap: 1% waiver up to ₹200/month. Heavy fuel users may find this cap limiting.
  • Lifestyle Benefits Relevance: Dining, wellness, and merchant offers available. Check if these align with your usual spending.
  • Credit Building Potential: A great tool for building credit history—timely repayments are reported to credit bureaus, aiding future loan/card eligibility.
  • Risk of FD Liquidation: On default, the FD may be liquidated to recover dues. Always maintain timely payments to protect your deposit.
  • Interest Rates on Revolving Balances: Starts from 9% p.a., lower than most cards. Still, revolving balances incur high cumulative costs over time.
  • UPI Integration Utility: Supports UPI transactions, useful for digital-first users. Traditional users may find limited additional value.
  • Insurance and Roadside Assistance: Includes personal accident and lost card liability cover, plus roadside assistance—activated with one transaction/month.
  • Application and Approval Process: Simple process with minimal documentation and no credit check. Still subject to internal policy approval.
  • Card Management Tools: Robust net banking and app support for tracking spends, EMI setup, and rewards management. Digital literacy is helpful.
  • Comparison with Other Secured Cards: Compare against SBI Secured, SBM Step UP, and others for better FD returns, rewards, or benefits before applying.
  • Long-Term Financial Goals: Ideal for building credit without annual fees. Evaluate its role in your financial journey—especially if planning to switch to unsecured cards later.
  • Renewal and FD Tenure Alignment: Ensure that the Fixed Deposit tenure aligns with the card validity period to avoid disruptions or forced closure when the FD matures.
  • Reward Redemption Flexibility: Check the ease of redeeming reward points—availability of options like cashback, vouchers, or merchandise can impact the real value you get from rewards.
  • Security Features: Includes EMV chip, OTP for transactions, and fraud monitoring to protect against unauthorized use, providing peace of mind for everyday usage.

Frequently Asked Questions (FAQs)

1. What is the IDFC FIRST Wow! Credit Card?
It is a secured credit card issued against a fixed deposit (FD) with IDFC FIRST Bank. It is designed for individuals with limited or no credit history.
2. Who is eligible for the Wow! Credit Card?
Anyone aged 18 and above with a valid PAN and Aadhaar, and willing to open a fixed deposit of at least ₹5,000 with IDFC FIRST Bank.
3. Is this a secured or unsecured card?
The IDFC FIRST Wow! Credit Card is a secured card, backed by a fixed deposit.
4. Do I need a credit score to apply?
No, a credit score is not mandatory. It's ideal for people new to credit or looking to rebuild their credit score.
5. What is the minimum fixed deposit required?
The minimum FD required is ₹5,000. The credit limit is typically up to 100% of the FD amount.
6. Is the card lifetime free?
Yes, the card has no joining fees, no annual fees, and no hidden charges.
7. Will my FD earn interest?
Yes, your fixed deposit continues to earn interest at the prevailing FD rates offered by IDFC FIRST Bank.
8. Can I break my FD anytime?
You can close the FD, but your credit card will be closed as well since it's linked to the deposit.
9. What documents are required?
Typically, only basic KYC documents like PAN and Aadhaar are needed, along with a completed FD application.
10. How is the credit limit decided?
The credit limit is generally equal to the FD amount, though IDFC FIRST Bank may assign a limit lower than the FD in some cases.
11. Will using this card help build my credit score?
Yes, timely payments and responsible usage will be reported to credit bureaus and help build or improve your credit score.
12. Are there any rewards or cashback on this card?
Yes, the Wow! Credit Card offers rewards on spends, such as 1% cashback and other benefits similar to unsecured cards.
13. Can I upgrade to an unsecured card later?
IDFC FIRST Bank may offer an upgrade to an unsecured credit card based on your credit behavior over time.
14. Is there an interest-free period?
Yes, up to 48 days of interest-free credit is provided on purchases, just like a regular credit card.
15. How can I apply for the IDFC FIRST Wow! Credit Card?
You can apply online through the IDFC FIRST Bank website or app, or by visiting a nearby branch.

List of IDFC FIRST Wow! Credit Card Branches in Andhra Pradesh

  • Andhra Pradesh - Amalapuram
  • Andhra Pradesh - Anakapalli
  • Andhra Pradesh - Bhimavaram
  • Andhra Pradesh - Chilakaluripet
  • Andhra Pradesh - Chirala
  • Andhra Pradesh - Dondaparthy
  • Andhra Pradesh - Eluru
  • Andhra Pradesh - Gollapudi
  • Andhra Pradesh - Gudivada
  • Andhra Pradesh - Gudur
  • Andhra Pradesh - Guntur
  • Andhra Pradesh - Hanuman Junction
  • Andhra Pradesh - Jaggaiahpet
  • Andhra Pradesh - Jangareddygudem
  • Andhra Pradesh - Kakinada
  • Andhra Pradesh - Kavali
  • Andhra Pradesh - Labbipet
  • Andhra Pradesh - Machilipatnam
  • Andhra Pradesh - Madanapalle
  • Andhra Pradesh - Mangalagiri