IDFC
IDFC First Private Credit Card
This is an invite only card
This is an invite only card
Apply and get ₹750 Rewards
This is an invite only card
Top Benefits
Earn 60 Reward Points per ₹150 on Hotel Bookings
via the Travel & Shop section on the IDFC FIRST Bank Mobile App, including 50 bonus points per ₹150 with a monthly bonus cap of 600 points
Earn 30 Reward Points per ₹150 on Flight Bookings
via the Travel & Shop section on the IDFC FIRST Bank Mobile App, including 20 bonus points per ₹150 with a monthly bonus cap of 300 points
Best For
Shopping
Dining
Travel
The IDFC First Private Credit Card sits at the absolute top tier of premium credit cards in India. De...
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The IDFC First Private Credit Card sits at the absolute top tier of premium credit cards in India. De...
The IDFC First Private Credit Card sits at the absolute top tier of premium credit cards in India. Designed for high-net-worth individuals, this card comes with a substantial Rs. 50,000 annual fee but justifies the cost with massive reward multipliers and elite travel perks. If you spend heavily on luxury travel, dining, and lifestyle experiences, this card offers a straight path to maximizing your returns.
What makes this card stand out is its unique reward valuation. While standard redemption gives you Rs. 0.25 per point, using your points for travel bookings via the IDFC FIRST Bank Mobile App bumps the value to a massive Rs. 1 per point. This means your 10X reward points on regular spends transform into incredibly lucrative travel savings. Add in the Club ITC Culinaire Hotel Membership, zero markup on foreign transactions, and generous BookMyShow discounts, and you have a powerhouse card for the frequent global traveler.
View FAQ
Commonly Asked Questions
Is the IDFC First Private Credit Card lifetime free?
No. This is a super-premium card that carries a joining fee of Rs. 50,000 plus GST, and an ongoing annual renewal fee of Rs. 50,000 plus GST from the second year onwards.
Who is the ideal user for this card?
This card is perfect for high-income earners who travel frequently. If you spend heavily on international trips and prefer luxury hotel stays, the 0% forex markup and Club ITC Culinaire membership will easily justify the high annual fee.
What is the minimum income required to apply?
You need a steady monthly income of at least Rs. 1,50,000 to qualify for this card, whether you are a salaried professional or self-employed.
Can I use this as my first credit card?
This is not recommended as a first credit card. Due to the strict income criteria and the requirement for a strong CIBIL score of 750, it is reserved for users with an established, premium credit history.
Expert Review
As a credit card expert, I view the IDFC First Private Credit Card as a highly specialized tool rather than a general-purpose spender. The pure mechanics of this card are brilliant if you love booking travel through bank portals. Getting 10X points that translate into a 6.66% return on regular spending is practically unheard of in the Indian market. The fact that the massive Rs. 50,000 joining fee gives you exactly Rs. 50,000 in travel credit makes it a zero-loss proposition for frequent flyers.
However, my biggest criticism is the sharp drop in value outside of travel. If you want to use your points for Amazon vouchers or statement credits, the value plummets to Rs. 0.25 per point, dragging your reward rate down to an average 1.66%. Furthermore, charging a 3.99% monthly interest rate on a super-premium card meant for ultra-high-net-worth individuals feels unnecessarily punitive. Ultimately, if you are a luxury traveler who will genuinely utilize the Club ITC membership and IDFC's travel portal, this card is a powerhouse. If you want flexible, cash-equivalent rewards, look at HDFC Infinia instead.
Joining/Annual Fee
Joining Fees
₹59,000 ( ₹50000 + GST )
Annual Fees
₹59,000 ( ₹50000 + GST )
Premium benefits come at a premium price. The IDFC First Private Credit Card features a straightforwa...
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Premium benefits come at a premium price. The IDFC First Private Credit Card features a straightforwa...
Premium benefits come at a premium price. The IDFC First Private Credit Card features a straightforward but heavy fee structure that demands careful consideration of how much value you can extract from its benefits.
The upfront joining fee is Rs. 50,000 plus applicable GST. This is a one-time charge levied on your first statement. While this seems steep, remember that paying this fee triggers your 50,000 welcome Reward Points (worth Rs. 50,000 in travel) and your Club ITC Culinaire membership. Moving forward, the card carries an annual renewal fee of Rs. 50,000 plus GST, charged at the start of your second year and every year thereafter. Paying this renewal fee earns you 25,000 bonus points annually. Currently, the bank does not offer a spend-based fee waiver for this card, meaning the annual fee is a fixed cost you must pay regardless of how much you spend.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 50,000 plus an 18% GST charge.
Is the joining fee offset by any benefits?
Yes. Once you pay the fee, you receive 50,000 points. Since these points are worth Rs. 1 each on the travel portal, you get Rs. 50,000 in exact travel value back.
What is the annual or renewal fee?
From the second year onwards, the card charges an annual renewal fee of Rs. 50,000 plus GST.
Is there an annual fee waiver option based on my spending?
No. There is no spend-based waiver for the Rs. 50,000 annual fee on this card.
Do I get any benefits when I pay the renewal fee?
Yes. Every time you pay your annual renewal fee, the bank credits 25,000 bonus Reward Points to your account.
When is the annual fee charged to my account?
The annual fee is charged at the end of your 12-month billing cycle, right before your card anniversary date.
Does the Rs. 50,000 fee include taxes?
No, standard 18% GST applies on top of the fee, making your actual out-of-pocket cost Rs. 59,000.
Can I get this card lifetime free?
This is an invite-tier card and is not offered as lifetime free to standard applicants.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
N/ALPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Securing the IDFC First Private Credit Card is a rigorous process due to its super-premium positionin...
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Securing the IDFC First Private Credit Card is a rigorous process due to its super-premium positionin...
Securing the IDFC First Private Credit Card is a rigorous process due to its super-premium positioning. The bank requires applicants to demonstrate substantial financial stability. Both salaried employees and self-employed professionals are welcome to apply, provided they meet the strict age and income parameters.
You must be between 21 and 60 years old at the time of application. The primary filter for approval is your income. You need a verifiable monthly income of Rs. 1,50,000. For a salaried professional, this translates to an annual package of at least Rs. 18 lakh. For self-employed individuals and business owners, you must show equivalent proof of income through your recent tax returns. Furthermore, a pristine credit history is mandatory. The bank requires a minimum CRIF or CIBIL score of 750 to even process the application.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 21 years old to be eligible for this credit card.
What is the maximum age limit for the primary cardholder?
The upper age limit for eligibility is 60 years at the time of submitting your application.
What is the minimum salary required for salaried applicants?
Salaried professionals need a minimum net monthly income of Rs. 1,50,000 to qualify for this card.
What is the minimum annual income for self-employed applicants?
Self-employed individuals must demonstrate a monthly income equivalent to Rs. 1,50,000, meaning an annual verifiable income of roughly Rs. 18 lakh.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed profiles are fully eligible, provided the income criteria are met.
What credit score is needed for approval?
You need a strong credit history with a minimum CRIF or CIBIL score of 750 to be considered for approval.
Will my application be rejected if my credit score is below 750?
Yes, since this is an ultra-premium card, applications with credit scores below 750 face immediate rejection.
Do I need an existing IDFC bank account to apply?
While not strictly mandatory, having a high-value savings or wealth account with IDFC FIRST Bank significantly improves your chances of approval.
All Card Benefits
- Earn 10X reward points per ₹150 on eligible spends
- Earn 3X points on rent & education and 1X on insurance spends
- Reward redemption value: ₹1 per point on travel bookings and ₹0.25 elsewhere
- Bonus reward points: 50 points on hotels & 20 points on flights per ₹150 via bank app
- Monthly bonus reward points capped at 600 (hotels) and 300 (flights)
Welcome Benefits
When you pay the hefty Rs. 50,000 joining fee, IDFC First Bank cushions the blow ...
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Welcome Benefits When you pay the hefty Rs. 50,000 joining fee, IDFC First Bank cushions the blow ...
Welcome Benefits
When you pay the hefty Rs. 50,000 joining fee, IDFC First Bank cushions the blow with an exceptional welcome package. Upon commencement fee payment, you receive 50,000 Reward Points. Because you can redeem points at Rs. 1 each for travel via the IDFC FIRST app, this bonus alone is worth exactly Rs. 50,000 in travel value. Essentially, your first-year fee pays for itself if you use the points for flights or hotels.
Alongside the points, you receive a complimentary Club ITC Culinaire Hotel Membership. This grants you access to luxury stays, fine dining discounts, and exclusive privileges at participating ITC Hotels across India. When you renew your card from the second year onwards by paying the Rs. 50,000 annual fee, you get an additional 25,000 Reward Points, giving you Rs. 25,000 back in travel value every single year.
Reward Points Structure
The reward system on this card is highly rewarding if you know how to use it. Effective June 17, 2025, you earn reward points for every Rs. 150 spent. The card offers a base rate, but the real magic happens with the multipliers. You earn 10X Reward Points on your regular monthly spends. For specific categories, the multipliers shift: you earn 3X points on rent and education payments, and 1X point on insurance premium payments.
The true power of this card lies in the redemption value. If you use the Travel and Shop section on the IDFC FIRST Bank Mobile App (effective June 1, 2025), 1 Reward Point equals Rs. 1 for travel bookings. Everywhere else, 1 Reward Point equals Rs. 0.25. Let us look at a practical example. If you spend Rs. 1,50,000 in a month, you earn 10X points, which equals 10,000 points. For travel, those 10,000 points are worth Rs. 10,000. That is an incredible 6.66% return on your regular spending.
You also get bonus points when you book travel directly through their portal. You earn a flat 50 bonus Reward Points on hotel bookings and 20 bonus Reward Points on flight and travel bookings made via the Travel and Shop section.
Travel and Airport Lounge Benefits
For international jet-setters, this card removes a lot of friction. You get an official 0% forex markup on foreign currency transactions according to their flight benefits list, meaning you pay the exact exchange rate without the standard bank premium. Furthermore, you enjoy 0% interest on cash withdrawals across the globe, a rare perk that saves you from steep cash advance interest rates when you need hard currency abroad.
To make your journey smoother, the card provides complimentary and discounted Visa Exclusive Meet and Greet Services at airports, alongside exclusive global Visa privileges. When traveling domestically, you get complimentary airport lounge access for accompanying guests, ensuring your travel companions wait in comfort with you. You also get unlimited railway lounge access within India.
Movie and Dining Perks
Your entertainment and dining experiences get a massive upgrade here. On BookMyShow, you can claim discounts on movie and event tickets up to Rs. 1,500 every single month. If you maximize this, that is Rs. 18,000 in free entertainment value annually.
For dining, you get access to the "Dine with Visa" program, which curates menus and manages reservations at premium restaurants across the country. Additionally, if you are a heavy spender and cross Rs. 15 lakh in cumulative spends in a 6-month cycle, the bank rewards you with a luxury Taj Experiences Signature Dining Voucher.
Insurance Coverages
Travel comes with risks, and this card mitigates them with robust insurance backing. You get comprehensive travel and air accident insurance coverage up to a massive Rs. 2.5 crore. If your plans fall through, the card offers a trip cancellation cover up to Rs. 25,000 for flights and Rs. 25,000 for hotels. You can use this cancellation benefit across a maximum of 2 cancellations during the policy period. You also get Roadside Assistance for local travel emergencies.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You receive the 50,000 bonus Reward Points and the Club ITC Culinaire Hotel Membership after you successfully pay the first-year joining fee of Rs. 50,000 plus GST.
What is the real value of the 50,000 welcome points?
If you redeem these points for travel bookings through the IDFC FIRST app, 1 point equals Rs. 1. Therefore, your 50,000 points give you exactly Rs. 50,000 in travel spending power.
Do I get a welcome bonus every year?
Yes, the bank rewards you for renewing your membership. Upon paying your annual renewal fee from the second year onwards, you receive 25,000 Reward Points.
How do I activate the Club ITC Culinaire membership?
Details for activating your ITC membership will be shared by the bank shortly after your joining fee is realized. You will receive your membership credentials and welcome kit within 15 to 20 working days.
What is the standard reward rate on this card?
You earn points for every Rs. 150 spent. With the 10X multiplier on general monthly spends, you earn 10 points per Rs. 150.
What is the value of 1 reward point in rupees?
The value changes based on how you redeem. It is Rs. 1 per point for travel bookings on the IDFC FIRST app, and Rs. 0.25 per point for standard catalog redemptions or statement credit.
Do I earn points on rent payments?
Yes, but at a reduced rate. You earn 3X Reward Points (3 points per Rs. 150) on rent and education-related payments.
Do I earn points on insurance premiums?
Yes, insurance premium payments earn 1X Reward Point (1 point per Rs. 150 spent).
Which transactions do not earn any reward points?
You will not earn points on fuel spends, EMI conversions, ATM cash withdrawals, wallet loads, bank fees, gambling, toll payments, and government charity payments.
How much are 10,000 points worth for a flight booking?
Because points are worth Rs. 1 each on the IDFC FIRST travel portal, 10,000 points will give you exactly Rs. 10,000 off your flight ticket.
How much are 10,000 points worth for a shopping voucher?
For regular redemptions outside the travel portal, points are worth Rs. 0.25. So, 10,000 points would get you a voucher worth Rs. 2,500.
Do I get extra points for booking hotels through the bank app?
Yes, you earn a flat bonus of 50 Reward Points every time you book a hotel via the Travel and Shop section.
Do my reward points expire?
No. One of the best features of this card is that your accumulated reward points come with no expiry date.
Is there a cap on the 10X reward points I can earn?
The 10X reward points are subject to a monthly fair-use cap of 50,000 points, ensuring premium benefits are maintained for all high-value cardholders.
Does this card offer free airport lounge access?
Yes, the card provides complimentary domestic airport lounge access, notably extending this privilege to your accompanying guests as well. You also receive unlimited international lounge access for yourself and your guests via the Priority Pass membership.
What does 0% forex markup mean for my travels?
It means if you spend USD 1,000 abroad, the bank converts it at the standard Visa exchange rate without adding the typical 3.5% fee. This saves you roughly Rs. 3,000 on that single transaction.
Can I use railway lounges for free?
Yes, you get completely unlimited access to participating railway lounges across India.
What is the Meet and Greet service?
This Visa Exclusive service helps fast-track you through airport formalities. The card provides complimentary and discounted access to these VIP services.
Are cash withdrawals abroad completely free?
The card offers 0% interest on global cash withdrawals. However, a standard 2.5% cash withdrawal processing fee still applies to the transaction amount.
How much discount do I get on movie tickets?
You get discounts up to Rs. 1,500 every month on movie and event bookings made through BookMyShow.
How do I earn the Taj dining voucher?
You must spend a cumulative amount of Rs. 15 lakh within a 6-month cycle using your card to qualify for the Taj Experiences Signature Dining Voucher.
Can I use the BookMyShow discount for non-movie events?
Yes, the up to Rs. 1,500 monthly discount applies to both movie tickets and event bookings on the platform.
What is Dine with Visa?
It is an exclusive dining program that offers premium restaurant access, specially curated menus, and smooth table reservations across India.
How much air accident cover is provided?
The card offers travel and air accident insurance coverage up to Rs. 2.5 crore in the unfortunate event of an emergency.
Does the card cover flight cancellations?
Yes, you can claim up to Rs. 25,000 for cancelled flights and another Rs. 25,000 for cancelled hotels.
How many times can I claim the cancellation cover?
You can use the trip cancellation coverage for a maximum of 2 cancellations during the active policy period.
What is Roadside Assistance?
If your vehicle breaks down while driving in India, the bank provides emergency towing, repair, or assistance services through its partner network.
Milestone Benefits
Voucher Benefit(Worth ~ ₹20,000)
Spend ₹15,00,000 in 180 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.25
Redemption Options
Travel & Shop, Gift Vouchers, Charity Donations (with 25% RP back), No Expiry
To check redemption catalogue
Understanding how to redeem your IDFC First Private points is the key to mastering this card. Because...
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Understanding how to redeem your IDFC First Private points is the key to mastering this card. Because...
Understanding how to redeem your IDFC First Private points is the key to mastering this card. Because points never expire, you can accumulate massive balances over years of spending and use them for a grand vacation. To redeem your points, you should primarily use the IDFC FIRST Bank Mobile App or visit the dedicated portal at firstrewards.in.
The smartest way to redeem is through the "Travel and Shop" section on the bank's mobile app. When booking flights or hotels here, every 1 Reward Point is worth exactly Rs. 1. For example, if you have 25,000 points, that is Rs. 25,000 ready to apply toward a flight to London. If you choose not to travel, you can redeem points for Gift Vouchers or make Charity Donations (where you actually get 25% of your points back). However, outside the travel portal, the value drops to Rs. 0.25 per point. There is absolutely no redemption fee charged on this card, meaning every rupee of value stays in your pocket.
View FAQ
Commonly Asked Questions
How do I initiate a reward redemption?
Log into the IDFC FIRST Mobile App, navigate to the Rewards section, and select your preferred redemption category, such as Travel & Shop or Gift Vouchers.
Is there a fee for redeeming my rewards?
No. Zero fees are charged when you redeem reward points on this card, maximizing your final payout.
How much are my points worth for flight tickets?
When booking through the bank's Travel & Shop section, 1 point equals Rs. 1. If you have 10,000 points, you get Rs. 10,000 off.
What happens if I redeem for an Amazon or Flipkart voucher?
For standard gift vouchers, the conversion rate is 1 point equals Rs. 0.25. Here, 10,000 points will buy you a Rs. 2,500 voucher.
Do my reward points expire if I do not use them?
No. The points on the IDFC First Private card have no expiry date. You can save them for years.
What is the charity donation benefit?
If you choose to redeem your points as a donation to partnered charities, the bank rewards your goodwill by refunding 25% of the redeemed points back to your account.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an IDFC Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an IDFC Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
EMI Spends
ATM Cash Withdrawals
Wallet Transactions
Load Money
Bank Charges & Fees
Reversals
Gambling Transactions
Toll Payments
Security Broker Services
Charity
Railways
Balance Transfer
Financial Charges
For Spends Waiver
Fuel Spends
EMI Spends
ATM Cash Withdrawals
Wallet Transactions
Load Money
Bank Charges & Fees
All Reversals
Gambling Transactions
Toll Payments
Security Broker Services
Charity
Railways
Utility Bill Payments
Balance Transfer
Financial Charges
Premium credit cards are generous, but they strictly control which transactions earn points. The IDFC...
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Premium credit cards are generous, but they strictly control which transactions earn points. The IDFC...
Premium credit cards are generous, but they strictly control which transactions earn points. The IDFC First Private card has a comprehensive list of spending categories that yield absolutely zero rewards. If you swipe your card at a fuel station, you will earn nothing. If you convert a large electronics purchase into an EMI, that transaction stops earning points. Loading up mobile wallets or buying prepaid gift cards also nets you zero returns.
Other strict exclusions include ATM cash withdrawals, payment of bank charges and fees, all transaction reversals, gambling expenses, toll payments, services by security brokers, charitable donations, and Indian Railway bookings. Furthermore, balance transfers from other credit cards and any financial charges applied to your statement do not earn points. Most notably, standard utility bill payments are listed in the exclusion list, meaning paying your electricity or water bills with this card is not a rewarding strategy. Always check your spending habits against this list; for example, if you spend Rs. 10,000 a month on fuel and wallets, that is Rs. 1,20,000 a year that will earn zero points.
View FAQ
Commonly Asked Questions
Which everyday transactions do not earn points?
Fuel spends, utility bill payments, and loading digital wallets will not earn any reward points on this card.
Do I earn points if I convert a purchase into an EMI?
No. Once a transaction is converted into an EMI plan, it is excluded from the reward points program.
Does paying for railway tickets earn rewards?
No, all transactions made with the Indian Railways are strictly excluded from reward generation.
Do I get points for withdrawing cash at an ATM?
Cash withdrawals are considered advances, not retail purchases, and therefore do not earn any reward points.
Are mutual fund or stock broker payments rewarded?
No, transactions categorised under security broker services or financial charges are completely excluded.
What happens if a purchase is rewarded or reversed?
If a merchant reverses a transaction, the bank will automatically deduct the corresponding reward points from your account balance.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  0% forex markup — no extra fee on foreign currency spends, online or abroad. | 0% |
APR Fees Interest rates are dynamic and range from 0.75% to 3.99% per month (9%–47.88% p.a.) | 3.99 |
ATM withdrawal A ₹199 fee is charged per domestic cash withdrawal. | ₹199 |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge 1% fee beyond ₹25,000 Passenger Railway spends per statement cycle; platform charges extra. | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees No cheque payment fee is charged | N/A |
Cash Payment Fees N/A | N/A |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹500 | ₹100 |
| ₹5000 | ₹750 |
| ₹8000 | ₹1200 |
| ₹10,000 | ₹1300 |
| ₹10,000 & above | ₹1300 |
Understanding the intricate fee structure of the IDFC First Private Credit Card is critical before co...
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Understanding the intricate fee structure of the IDFC First Private Credit Card is critical before co...
Understanding the intricate fee structure of the IDFC First Private Credit Card is critical before committing to it. Because it operates in the super-premium tier, certain fees are significant, while others are entirely waived. Below is a detailed breakdown of every charge you encounter while holding this card.
The Joining Fee is set at Rs. 50,000 plus GST. While this is one of the highest entry fees in the market, it is not a dead cost; the bank compensates you with 50,000 welcome reward points (worth Rs. 50,000 in travel value) upon payment. There are currently no conditions available to get this initial fee waived.
The Annual or Renewal Fee is also Rs. 50,000 plus GST, charged from the second year onwards. There is no spend-based waiver available for this fee. Every year you pay it, you receive 25,000 bonus points. For example, your yearly out-of-pocket cost is Rs. 59,000 (including 18% GST), and you receive Rs. 25,000 back in travel value, making your effective annual carrying cost Rs. 34,000.
The APR or Interest Rate on unpaid balances is a steep 3.99% per month, which compounds to a massive 47.88% annually. If you leave a balance of Rs. 10,000 unpaid after the due date, you will incur Rs. 399 in interest charges for the first month, quickly spiraling out of control if left unchecked.
Late Payment Charges follow a tiered slab structure. Balances up to Rs. 100 incur no fee. Balances from Rs. 101 to Rs. 500 attract a Rs. 100 fee. From Rs. 501 to Rs. 5,000, the fee is Rs. 400. From Rs. 5,001 to Rs. 20,000, it is Rs. 500. Balances above Rs. 20,001 incur a flat Rs. 700 fee. So, if you miss a payment on a Rs. 3,000 bill, you will be hit with a Rs. 400 penalty on your next statement.
The standard Foreign Transaction or Forex Markup Fee is 3.5% on international POS and online purchases. If you buy a gadget online from an international store for USD 1,000 (roughly Rs. 83,000), the bank adds a 3.5% markup, costing you an extra Rs. 2,905. However, specific flight/travel benefits on this card offset this to 0% for qualifying foreign currency transactions.
The ATM Cash Withdrawal Fee is 2.5% of the withdrawn amount, subject to a minimum of Rs. 500. Even though the card offers a remarkable 0% interest on global cash withdrawals, the processing fee remains. If you withdraw Rs. 10,000 in cash from an ATM, you will pay a flat Rs. 500 fee upfront because 2.5% (Rs. 250) is lower than the minimum threshold.
A Rent Payment Convenience Fee of 1% is charged on the total transaction amount when you use the card to pay rent. If your monthly rent is Rs. 30,000, you will see a Rs. 300 fee added to your statement. Even though rent earns 3X points, you must calculate if the points value outweighs this 1% hit.
The Railway Surcharge applies as prescribed by IRCTC or Indian Railways. When booking train tickets, standard gateway charges apply, and crucially, railway transactions do not earn any reward points to offset this surcharge.
A Cash Payment Fee of Rs. 100 is levied if you walk into an IDFC FIRST branch or ATM to pay your credit card bill using physical cash. You avoid this Rs. 100 penalty by paying your bill digitally via net banking, UPI, or third-party apps.
A Cheque Payment Return Fee of Rs. 100 applies if you attempt to pay your credit card bill via cheque and the cheque bounces. This is a punitive charge for a returned instrument, separate from any late fees that might also trigger due to the failed payment.
The Reward Redemption Fee is Not Applicable. The bank charges absolutely zero rupees when you decide to redeem your points. Whether you cash out 10,000 points or 100,000 points, 100% of the value goes toward your chosen reward with no administrative deductions.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 50,000 + GST |
| Annual/Renewal Fee | Rs. 50,000 + GST |
| Annual Fee Waiver | Not Applicable |
| Interest Rate (APR) | 3.99% per month (47.88% annually) |
| Late Payment Fee | Up to Rs. 700 (based on outstanding slab) |
| Forex Markup | 3.5% (0% under specific travel benefits) |
| Cash Advance Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Reward Redemption Fee | Nil |
| Cash/Cheque Payment Fee | Rs. 100 per instance |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The bank charges a one-time joining fee of Rs. 50,000 plus GST when you activate the card.
What is the annual or renewal fee?
You will be billed an annual renewal fee of Rs. 50,000 plus GST at the beginning of your second year and every year thereafter.
Is there an annual fee waiver based on spending?
No. Currently, the bank does not offer a spend-based waiver target to reverse the Rs. 50,000 annual fee.
How can I get this card lifetime free?
This card is not typically available as lifetime free due to its premium nature. Private banking customers with a Total Relationship Value (TRV) exceeding Rs. 50 lakhs may receive invitations for a lifetime free variant.
What is the interest rate if I do not pay my full balance?
The card charges a high interest rate of 3.99% per month, totaling 47.88% annually, on all unpaid balances.
How is the interest calculated on outstanding balances?
If you fail to pay your statement in full by the due date, the 3.99% interest is calculated daily on your carried-over balance until it is paid off completely.
What are the late payment charges?
Late fees range from Rs. 0 to Rs. 700. For example, an outstanding balance between Rs. 501 and Rs. 5,000 will attract a Rs. 400 penalty.
Is the late payment fee different based on outstanding amount?
Yes, it is slab-based. If your bill is below Rs. 100, no fee is charged. If it is above Rs. 20,001, the maximum Rs. 700 fee applies.
What is the forex markup for international transactions?
The standard base rate is 3.5%. However, you receive a 0% forex benefit for international travel and flight bookings made via the bank portal.
Can I withdraw cash using my credit card?
Yes, you can. You get 0% interest on the cash drawn globally, but a flat processing fee still applies.
What are the cash withdrawal charges and limits?
You will be charged a processing fee of 2.5% of the withdrawn amount, with a strict minimum charge of Rs. 500 per transaction.
Are there fees for paying rent with this card?
Yes. A 1% convenience fee is applied to the total transaction value every time you pay rent using the card.
Is there a fee for paying my bill in cash?
Yes. If you walk into a branch or ATM to clear your bill using physical cash, a Rs. 100 penalty fee is charged.
What happens if my payment cheque bounces?
If your payment cheque is returned unpaid by the bank, a Rs. 100 cheque return fee is charged to your account.
Is there a fee to redeem my reward points?
No. The bank charges zero fees for redeeming your accumulated reward points.
Who Should Get This Card?
This card is built for a very specific type of consumer: the high-income, frequent traveler who prefers booking trips through bank portals. If you clear the Rs. 1.5 lakh monthly income hurdle and spend heavily on international vacations or business trips, this card is your playground. The Rs. 50,000 fee is immediately offset by the 50,000 travel points you get, meaning you aren't losing money—you are just prepaying for your next flight.
However, if you prefer cash back straight to your bank account, or if you spread your points across Amazon vouchers and retail shopping, stay away. Outside of the travel portal, the points drop to a Rs. 0.25 value. This is not a card for utility bills, fuel, or casual shopping. It is an instrument designed purely to turn high monthly expenses into free luxury travel.
Credit Limit and What to Expect
Because this card targets high-net-worth individuals with monthly incomes above Rs. 1.5 lakh, you can expect a very generous initial credit limit. Your exact limit depends heavily on your existing credit score and documented income. The bank aims to provide limits that easily accommodate international travel bookings and luxury purchases without maxing out your utilization ratio.
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Commonly Asked Questions
What starting credit limit can I expect on this card?
Initial credit limits range from Rs. 3,00,000 to Rs. 10,00,000 and can go higher based on your financial profile.
Can I request a limit increase later?
Yes. If you pay your bills on time and utilize the card regularly, the bank offers periodic credit limit enhancements.
Will a high credit limit hurt my credit score?
No, a high credit limit actually helps your score by keeping your overall credit utilization ratio low, provided you do not carry heavy debt.
Does the bank offer over-limit facilities?
You can opt-in for over-limit approvals through the mobile app, which carry a processing fee of 2.5% of the over-limit amount (minimum Rs. 500).
How does my CIBIL score affect my credit limit?
A score of 750 gets you approved, but a score closer to 800 or 850 encourages the bank to grant you their maximum possible starting limit.
Is the credit limit shared with add-on cards?
Yes, if you issue add-on cards to family members, they will share the primary account's overall credit limit.
How to Apply?
Applying for the IDFC First Private Credit Card is a streamlined, digital-first process. You can apply through the IDFC FIRST Bank website, the mobile app, or through verified financial platforms. You will need to enter your personal details, verify your mobile number with an OTP, and input your PAN and employment information to check your preliminary eligibility.
If you meet the high income and credit score criteria, the next step is Video KYC. This entirely eliminates the need for physical paperwork or branch visits. Simply ensure you have your original PAN card, a blank paper with a pen for your signature, and a quiet, well-lit room. The bank agent will verify your identity over a quick video call, and your application moves straight to the final approval stage.
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Commonly Asked Questions
Where can I apply for this credit card?
You can apply directly via the IDFC FIRST Bank website, their mobile banking app, or trusted credit card comparison platforms.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process over a video call. It is mandatory for completing an online application without visiting a branch.
What documents do I need during the Video KYC?
You must have your original physical PAN card handy. A digital copy or a photocopy will not be accepted.
How long does the approval process take?
After a successful Video KYC and income document verification, approval takes 5 to 7 working days.
Do I need to submit physical income proof?
You upload your salary slips, bank statements, or ITR documents digitally during the application process.
Can I track my application status online?
Yes, you will receive an Application Reference Number which you can use on the bank's tracking portal to check your real-time status.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹750 Rewards
Top Benefits
Earn 60 Reward Points per ₹150 on Hotel Bookings
via the Travel & Shop section on the IDFC FIRST Bank Mobile App, including 50 bonus points per ₹150 with a monthly bonus cap of 600 points
Earn 30 Reward Points per ₹150 on Flight Bookings
via the Travel & Shop section on the IDFC FIRST Bank Mobile App, including 20 bonus points per ₹150 with a monthly bonus cap of 300 points
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