IDFC
IDFC Wealth Credit Card
LIFETIME FREE Card
This is an invite only card
Apply and get ₹750 Rewards
Top Benefits
Earn 10X Reward Points
on incremental spends above ₹20,000 per month and on spends made on your birthday
Earn 3X Reward Points
per ₹150 on eligible spends up to ₹20,000 in a monthly statement cycle.
Best For
Airport Lounge
Travel
Utility Bills
The IDFC Wealth Credit Card stands out as a premium offering in the Indian financial market, delivering...
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The IDFC Wealth Credit Card stands out as a premium offering in the Indian financial market, delivering...
The IDFC Wealth Credit Card stands out as a premium offering in the Indian financial market, delivering top tier luxury perks without the heavy price tag. Most premium credit cards charge thousands in annual fees, but this card breaks the mold by offering lifetime free status. You pay zero joining fees and zero annual renewal fees. It is built for high net worth individuals, requiring a monthly income of Rs. 1,00,000 or an annual income of Rs. 36 lakh. If you meet this threshold, you gain access to an exceptional rewards program, complimentary spa visits, and a very low foreign exchange markup of just 1.5 percent.
This card works great for frequent travelers, big spenders, and those who want straightforward value. Instead of capping your rewards or forcing you to navigate complex redemption portals, IDFC makes things simple. You earn 10X reward points on all your incremental spending above Rs. 20,000 in a month. Better yet, the points never expire, and there is no fee to redeem them. This means every rupee you spend actively builds your savings account over time.
What truly sets this card apart from competitors is the combination of its interest free ATM cash withdrawal feature and its generous travel benefits. You get four complimentary domestic and international lounge visits every quarter, plus spa access, which is incredibly rare for a card with zero annual fees. Whether you are booking flights, dining out, or paying for regular shopping, this card takes your purchasing power to the next level.
View FAQ
Commonly Asked Questions
Is the IDFC Wealth Credit Card lifetime free?
Yes, this card is completely lifetime free. It comes with a zero joining fee and a zero annual fee, meaning you never have to worry about spending enough to get a waiver.
Who should apply for this card?
This card is perfect for frequent travelers and high spenders. Since it offers 10X reward points on spending above Rs. 20,000 per month, people who put all their regular expenses on one card will maximize their returns.
What is the minimum salary required for this card?
You need a monthly income of Rs. 1,00,000 or an annual income of Rs. 36 lakh to qualify. This applies to both salaried professionals and self employed individuals.
Is this a good first credit card?
Due to the strict income requirement and the need for an excellent credit score of 720 or above, it is not suitable for beginners. It works for experienced credit users who already have a strong financial history.
Does this card offer airport lounge access?
Yes, it provides four complimentary domestic and international lounge visits per calendar quarter. It also includes complimentary spa visits, which adds great value for travelers.
Expert Review
In my opinion as a financial advisor, the IDFC Wealth Credit Card is a triumph of value engineering. Getting four international lounge visits, four spa visits, and a 1.5 percent forex markup on a card that costs absolutely nothing annually is unbeatable in today's market. The 10X reward structure on spends above Rs. 20,000 makes it highly lucrative as a primary card.
However, I do have a strong criticism regarding the exclusions list. By stripping away reward points on education, utilities, and insurance, the bank prevents you from earning 10X points on your largest mandatory household expenses. You are forced to rely purely on discretionary spending like shopping and dining to rack up rewards. Furthermore, the Rs. 36 lakh annual income requirement puts this card out of reach for the majority of Indians.
If you meet the income criteria and travel heavily, apply for this card immediately. It serves brilliantly as a premium travel companion that will not drain your bank account with hidden renewal fees.
Joining/Annual Fee
Joining Fees
₹0 ( ₹0 + GST )
Annual Fees
₹0 ( ₹0 + GST )
One of the biggest selling points of this product is its pricing model. Most cards that offer internati...
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One of the biggest selling points of this product is its pricing model. Most cards that offer internati...
One of the biggest selling points of this product is its pricing model. Most cards that offer international lounge access and high reward multipliers charge anywhere from Rs. 3,000 to Rs. 10,000 annually. This card eliminates that burden completely.
The one time joining fee is absolute zero. You do not have to pay anything upfront to get the physical card delivered to your doorstep. Because there is no joining fee, there is also no pressure to meet an initial spending target just to break even on your investment.
Furthermore, the annual renewal fee is zero. The card is offered on a lifetime free basis. This means you do not have to worry about spending Rs. 2 lakh or Rs. 5 lakh a year just to trigger an annual fee waiver. If you decide not to use the card for two months, you lose nothing. For example, if you hold a competitor card with a Rs. 3,000 annual fee, you must generate at least Rs. 3,000 in rewards just to cover the cost. With this card, your very first reward point is pure profit.
View FAQ
Commonly Asked Questions
What is the joining fee for this card?
The joining fee is zero. You get the card without paying any upfront issuance charges.
What is the annual renewal fee?
The annual renewal fee is zero. You will not be charged any yearly maintenance fees for holding this card.
Do I need to spend a specific amount to keep it free?
No, the card is lifetime free by default. There are no annual spending milestones required to waive a fee because the fee does not exist.
Are there hidden charges if the card is free?
While there are no joining or annual fees, standard banking charges like interest on unpaid balances, forex markups, and cash withdrawal fees still apply when you use those specific services.
Do add on cards also have zero fees?
Add-on cards are issued with zero joining and annual fees, matching the lifetime free status of the primary card.
If there is no fee, do I still get the Rs. 500 welcome voucher?
Yes, despite paying zero joining fees, you still receive the Rs. 500 gift voucher once you spend Rs. 5,000 within the first 30 days.
Can the bank start charging an annual fee later?
Lifetime free cards remain free for the life of the account, ensuring you never face annual maintenance charges.
Why is the bank offering premium benefits for free?
The bank targets high income individuals who will use the card for large transactions. The bank earns money from merchant swipe fees and interest charges, offsetting the need for an annual fee.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
36LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Getting approved for a premium card like this requires a strong financial profile. The bank has set cle...
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Getting approved for a premium card like this requires a strong financial profile. The bank has set cle...
Getting approved for a premium card like this requires a strong financial profile. The bank has set clear age and income boundaries to ensure only high net worth individuals gain access to these luxury benefits.
First, the primary cardholder must be between 21 and 60 years of age at the time of application. This age bracket applies equally to both salaried employees and self employed professionals.
Second, the income requirement is strict. Whether you earn a salary or run your own business, you must demonstrate a minimum monthly income of Rs. 1,00,000. On an annual basis, this means your total income must be at least Rs. 36 lakh. For instance, if you earn Rs. 3,00,000 per month from your consulting business, you comfortably meet this threshold. However, if your annual package is Rs. 15 lakh, your application will be declined.
Finally, a pristine credit history is mandatory. You need a minimum CRIF or CIBIL score of 720. If you have a history of missed loan payments or high credit utilization, you should work on improving your score before applying.
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. This rule applies to both salaried professionals and self employed individuals.
What is the maximum age limit for applicants?
The upper age limit is set at 60 years. You must apply before crossing this age threshold.
What is the minimum salary required for salaried employees?
Salaried applicants need an annual income of Rs. 36 lakh, which breaks down to a monthly income requirement of Rs. 1,00,000.
Can self employed people get this card?
Yes, self employed business owners and professionals are eligible, provided they also show an annual income of Rs. 36 lakh.
What credit score is needed for approval?
You need a strong credit history with a minimum CRIF or CIBIL score of 720 to be considered for approval.
Will I get rejected if my score is exactly 720?
A score of 720 meets the minimum requirement, but approval also depends on your income proof, existing debt, and banking relationship.
Can I apply if my income is Rs. 50,000 per month?
No, since the minimum requirement is Rs. 1,00,000 per month, an income of Rs. 50,000 will not qualify for the Wealth variant. The bank will offer you a lower tier card instead.
Do I need an IDFC bank account to apply?
You can apply for the IDFC Wealth Credit Card even if you do not hold an existing savings or salary account with the bank.
All Card Benefits
- 3 reward points per ₹200 on spends up to ₹20,000 in a statement cycle
- 10 reward points per ₹200 on incremental spends above ₹20,000 in a statement cycle
- Reward points redemption value: 1 reward point = ₹0.25
- 33% bonus reward points on hotel bookings via IDFC FIRST Bank mobile app platform, capped at 8,000 bonus reward points per calendar month
- Reward points redemption capped at 1,00,000 per calendar month and 2,00,000 per calendar year
Welcome Benefits
When you get approved for this card, the bank welcomes you with immediate monetary ...
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Welcome Benefits When you get approved for this card, the bank welcomes you with immediate monetary ...
Welcome Benefits
When you get approved for this card, the bank welcomes you with immediate monetary value. You receive a Rs. 500 gift voucher from top brands simply by spending Rs. 5,000 or more within the first 30 days of card issuance. For example, if you use your new card to buy a week worth of groceries totaling Rs. 5,500, you automatically qualify for the Rs. 500 voucher.
Additionally, if you prefer buying high value items on EMIs, the card offers a 5 percent cashback up to Rs. 1,00,0 on your first EMI transaction within the first 30 days. Let us say you purchase a smartphone for Rs. 20,000 and convert it into EMIs right away. You will receive Rs. 1,000 as direct cashback, reducing your overall cost significantly.
Reward Points Structure
The reward system is designed to favor people who use the card as their primary spending tool. You earn 3X reward points on all spends up to Rs. 20,000 in a single statement cycle. However, the real magic happens once you cross that threshold. You earn a massive 10X reward points on all incremental spending above Rs. 20,000 in that same month. Furthermore, all spending done on your birthday earns a flat 10X reward points.
Every reward point carries a monetary value of Rs. 0.25. Let us look at a practical example. The base reward rate is 1 point per Rs. 100 spent. If you spend Rs. 50,000 in a month, the first Rs. 20,000 earns 3X points (600 points). The remaining Rs. 30,000 earns 10X points (3,000 points). That is 3,600 points total. Since 1 point equals Rs. 0.25, you earn Rs. 900 in direct monetary value for that month alone. Over a year, this translates to thousands of rupees in savings.
Travel and Lounge Benefits
Traveling becomes significantly more comfortable and cheaper with this card in your wallet. You receive four complimentary domestic airport lounge visits, four international lounge visits, and four spa visits every calendar quarter. For example, a single international lounge visit can cost around Rs. 3,000. If you use all four visits in a quarter, you save Rs. 12,000 in just three months.
The card also offers a very low foreign exchange markup fee of just 1.5 percent on international transactions. If you spend Rs. 1,00,000 on hotels and shopping during a trip abroad, a standard card with a 3.5 percent markup would charge you Rs. 3,500 in fees. With the 1.5 percent rate, you only pay Rs. 1,500, keeping Rs. 2,000 securely in your pocket. Furthermore, it provides a free trip cancellation cover of up to Rs. 10,000, protecting your wallet from sudden travel plan changes.
Dining and Entertainment Benefits
Food lovers will appreciate the dining discounts attached to this card. You can avail up to 20 percent discount at over 1,500 partner restaurants across India. If you take your family out for a nice weekend dinner and the bill comes to Rs. 4,000, a 20 percent discount immediately shaves Rs. 800 off the total. Over a year of eating out, these savings pile up effortlessly.
Beyond dining, the card grants you access to over 300 merchant offers across various lifestyle categories. Whether you are shopping for apparel, electronics, or booking experiences, checking the bank's offer portal before you pay can lead to substantial discounts.
Fuel Surcharge Waiver
Driving becomes a bit more affordable thanks to the fuel surcharge waiver. The card provides a 1 percent fuel surcharge waiver at all fuel stations across India. This applies to fuel transactions ranging between Rs. 200 and Rs. 5,000. The maximum waiver you can earn is capped at Rs. 400 per statement cycle.
For example, if you fill up your car with Rs. 3,000 worth of petrol, the 1 percent surcharge of Rs. 30 is completely waived. If you spend Rs. 10,000 on fuel in a month across multiple visits, you save Rs. 100 in surcharge fees. While you do not earn reward points on fuel, avoiding the surcharge keeps your driving costs strictly to the price of the fuel itself.
Insurance and Protection Benefits
Security and peace of mind are built directly into this card. It provides a personal accident cover of Rs. 2,00,000 to protect your family financially in worst case scenarios. Furthermore, it offers a lost card liability cover of Rs. 25,000. This protects you against fraudulent transactions if your card is lost or stolen. To keep this lost card liability valid, you must have made at least one transaction on the card within the last 30 days before the loss occurred.
View FAQ
Commonly Asked Questions
How do I qualify for the Rs. 500 welcome voucher?
You need to make transactions totaling Rs. 5,000 or more within 30 days of your card being issued. Once you hit this target, the voucher is yours.
Can I use the welcome voucher anywhere?
The Rs. 500 gift voucher can be redeemed at your favorite partner brands. You will receive a selection of brand options from the bank upon qualifying.
How does the first EMI cashback work?
When you make an EMI transaction within the first 30 days, you get 5 percent cashback up to Rs. 1,000. To get the maximum Rs. 1,000, you need to make an EMI purchase of Rs. 20,000.
Is there a minimum transaction to activate the card?
Yes, a minimum transaction of Rs. 100 within 30 days is required to activate the card. If you fail to do this, you will not be eligible for the rewards program.
When will I receive the EMI cashback?
Cashback is credited to your statement within 60 days of the eligible EMI conversion.
How do the 10X reward points work?
You earn 10X reward points on any amount you spend over Rs. 20,000 in a single billing cycle. The first Rs. 20,000 earns points at the 3X rate.
What is the value of one reward point?
One reward point is worth exactly Rs. 0.25. If you accumulate 4,000 reward points, you have Rs. 1,000 in redemption value.
Do I get extra points on my birthday?
Yes, any transaction you make on your actual birthday earns 10X reward points automatically, making it the perfect day for big purchases.
Do these reward points expire?
IDFC reward points feature lifetime validity as long as your account remains active.
Are there categories that do not earn points?
Yes, you will not earn points on fuel, EMI spends, wallet loads, jewellery, cash advances, rent, insurance, government payments, education, and utility bills.
Do I earn points when paying my electricity bill?
No, utility bill payments are part of the excluded categories. You will not earn any 3X or 10X points on these transactions.
Can I earn points on rent payments?
Rent payments are explicitly excluded from the rewards program. You will not accumulate any points when using this card to pay your landlord.
How many points do I earn on jewelry purchases?
Zero. Jewelry purchases are on the exclusion list, so buying gold or diamonds will not add to your reward point balance.
Is there a cap on how many 10X points I can earn?
There is no monthly cap on the 10X reward points earned for incremental spends above the threshold.
Do I earn points when I load my digital wallet?
No, wallet loads do not qualify for reward points. This prevents users from moving money back and forth just to manufacture points.
How many lounge visits do I get?
You get four domestic lounge visits and four international lounge visits every calendar quarter. This is exceptionally high for a card with zero annual fees.
Does the card offer airport spa access?
Yes, alongside the lounge visits, you get four complimentary spa visits every calendar quarter at select airports.
What is the forex markup on international trips?
The card offers a low 1.5 percent forex markup fee on international transactions, making it highly cost effective for traveling abroad or shopping on foreign websites.
How does the trip cancellation cover work?
You get a free trip cancellation cover of up to Rs. 10,000. If an emergency forces you to cancel flights or hotels, this insurance helps recover non refundable costs.
Can my family use my lounge access?
Lounge access is provided strictly to the primary cardholder. Add-on cardholders may enjoy the same benefits provided they meet the bank's qualifying spending criteria.
How much discount do I get on dining?
You get up to a 20 percent discount at more than 1,500 partner restaurants across India when you pay the bill using this card.
How do I find the partner restaurants?
You can locate participating restaurants through the IDFC mobile banking app or the official bank website under the dining offers section.
Do I get discounts on food delivery apps?
The 20 percent discount applies to dine in at 1,500 restaurants, but you can find specific deals on delivery apps like Swiggy or Zomato within the 300 merchant offers list.
Is there a maximum cap on the dining discount?
Dining discounts are capped at Rs. 500 to Rs. 1,000 per transaction based on the specific partner restaurant's terms.
What is the fuel surcharge waiver?
You receive a 1 percent surcharge waiver on fuel purchases made at any petrol pump across India.
What are the minimum and maximum transaction limits for fuel?
The waiver is only valid on single fuel transactions that fall between Rs. 200 and Rs. 5,000. Amounts outside this range will attract the standard surcharge.
What is the maximum waiver I can get in a month?
The maximum fuel surcharge waiver is capped at Rs. 400 per billing cycle. To hit this cap, you would need to spend Rs. 40,000 on fuel.
Do I earn reward points on fuel purchases?
No, fuel spends are explicitly excluded from the reward points program. You only benefit from the surcharge waiver.
Does this apply to all petrol pumps?
Yes, the waiver is valid at all fuel stations across India, regardless of the brand, be it Indian Oil, Bharat Petroleum, or HP.
What is the personal accident cover amount?
The card provides a complimentary personal accident insurance cover valued at Rs. 2,00,000.
What does the lost card liability cover do?
It protects you up to Rs. 25,000 against fraudulent transactions made if your card is stolen or lost.
Are there conditions for the lost card liability?
Yes, to claim this benefit, you must have completed at least one successful transaction on the card in the 30 days prior to losing it.
Do I need to pay a premium for these insurances?
No, these insurance covers are complimentary benefits included with your lifetime free credit card.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 reward point = ₹0.25
Redemption Options
- Flights/Hotels
- Product Catalogue
To check redemption catalogue
Accumulating points is only fun if redeeming them is straightforward. IDFC handles this beautifully thr...
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Accumulating points is only fun if redeeming them is straightforward. IDFC handles this beautifully thr...
Accumulating points is only fun if redeeming them is straightforward. IDFC handles this beautifully through their dedicated redemption portal at https://firstrewards.in/. The best part about this process is that there is absolutely no reward redemption fee. If you have 10,000 points, you get the full value of those points without paying a Rs. 99 or Rs. 199 processing fee like you do with many competitor banks.
The conversion rate is locked at 1 reward point equals Rs. 0.25. You can redeem your points for a wide variety of options including gift vouchers, electronics, travel bookings, or even direct statement credit. Let us look at a practical example. Suppose you have accumulated 20,000 reward points from your big ticket purchases over the last few months. At a value of Rs. 0.25 per point, your balance is worth Rs. 5,000. You can log into the portal, select the statement credit option, and instantly reduce your next credit card bill by Rs. 5,000. It is that simple.
View FAQ
Commonly Asked Questions
How do I redeem my reward points?
You redeem your points by visiting the dedicated portal at https://firstrewards.in/ and logging in with your card details.
What is the rupee value of my points?
Every 1 reward point is equal to Rs. 0.25. Therefore, 4 points equal Rs. 1.
Is there a fee to redeem my points?
No, there is zero fee charged when redeeming reward points on this card. You keep 100 percent of the value you earned.
Can I use my points to pay my credit card bill?
Yes, you can choose statement credit during redemption, directly lowering your outstanding bill balance.
Do I need a minimum point balance to redeem?
A minimum of 1,000 reward points is required to initiate a redemption request through the portal.
What else can I get besides statement credit?
The FirstRewards catalogue includes branded gift vouchers, electronics, flight bookings, and hotel stays.
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
Wallet Loads
Jewellery Purchases
Cash Advances
Payment of outstanding balances
Bank Charges & Fees
Rent Payment
Government-related Transactions
Insurance Payments
Education Spends
Utility Bill Payments
For Spends Waiver
Fuel Spends
EMI Spends
Wallet Loads
Jewellery Purchases
Cash Advances
Payment of outstanding balances
Bank Charges & Fees
Rent Payment
Government-related Transactions
Insurance Payments
Education Spends
Utility Bill Payments
To maximize your benefits, you must understand where the card does not reward you. Banks strictly contr...
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To maximize your benefits, you must understand where the card does not reward you. Banks strictly contr...
To maximize your benefits, you must understand where the card does not reward you. Banks strictly control which transactions qualify for points to prevent exploitation. On this card, a large list of everyday spending categories is completely excluded from the reward program.
You will not earn any 3X or 10X reward points on fuel spends, EMI spends, wallet loads, jewellery purchases, cash advances, or payment of outstanding balances. The bank also excludes rent payments, government related transactions, insurance payments, education spends, and utility bill payments. Additionally, any bank charges or fees you pay do not generate points.
Let us look at the real world impact. If you use this card to pay a Rs. 30,000 child education fee and a Rs. 5,000 electricity bill, you might expect a massive points drop since you crossed the Rs. 20,000 threshold. Unfortunately, you will earn zero points on that Rs. 35,000 spend because education and utilities are explicitly excluded. You must shift your non excluded spending like groceries, dining, travel, and online shopping to this card to hit the 10X threshold.
View FAQ
Commonly Asked Questions
Do I get points for paying my house rent?
No, rent payments are completely excluded from earning reward points.
Are insurance premiums eligible for rewards?
No, paying your life or health insurance premiums with this card will not earn you any reward points.
Will I earn points if I convert a purchase into an EMI?
No, EMI spends are excluded from the rewards program. The moment you convert a transaction, it loses its point earning capability.
Can I earn points by loading Paytm or Amazon Pay?
No, wallet loads are on the exclusion list, so you cannot earn points by moving money into digital wallets.
Are school and college fees excluded?
Yes, education spends do not generate any reward points on this card.
Do government tax payments earn points?
No, all government related transactions are excluded from the rewards structure.
If I buy a gold chain, will I get 10X points?
No, jewelry purchases are specifically excluded and will earn zero points.
Do excluded spends count towards the Rs. 20,000 threshold for 10X points?
Transactions in excluded categories like fuel and rent do not contribute toward the Rs. 20,000 monthly spending milestone.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  1.5% Forex Markups are levied if you use your card to make payment in any currency other than INR. This fee will be levied if you shop on any ecomerce website which accepts payment in currency other than INR or if you make a payment outside of India using a POS. Below mentioned table gives forex markup for most common spends | 1.50% |
APR Fees 0.71% to 3.85% monthly fee. Credit cards allow you for a interest free payment period of 20-55 days. However, if you fail to make payment for your statement in due time then bank starts charging interest. A simple way to avoid heavy interest rates over long time is to convert your large spends in EMIs. Normally bank charges 16% p.a interest on EMIs however if you fail to pay in time then annual interest can reach upto 46.2% | 0.71% - 3.85% |
ATM withdrawal ATM cash withdrawals are subject to a fee of ₹199 plus applicable GST per transaction. An interest-free period of up to 45 days is applicable from the transaction date, subject to payment of the total amount due | ₹199 |
Reward Redemption Fees No fee is charged when redeeming reward points on this card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge 1% of the transaction amount + GST will be charged on Railway Ticket Purchases | 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 A fee of ₹100 is charged for payments made through cheque | ₹100 |
Cash Payment Fees A cash payment fee of ₹100 is charged for payments made at bank branches | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹200 |
| ₹501 - ₹5000 | ₹200-₹350 |
| ₹5001 - ₹10000 | ₹350-₹700 |
| ₹10001- and above | ₹700-₹1000 |
Understanding the fee landscape is critical to maximizing credit card value. While this card is lifetim...
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Understanding the fee landscape is critical to maximizing credit card value. While this card is lifetim...
Understanding the fee landscape is critical to maximizing credit card value. While this card is lifetime free, certain transactional activities attract standard banking charges that you must be aware of.
The joining fee for this card is 0. You do not have to pay any upfront money to get the card, meaning you start your journey with pure value rather than a deficit.
The annual or renewal fee is 0, and consequently, there is no annual waiver condition. You do not have to track your yearly spending to ensure a fee reversal. The card is permanently free.
The APR or interest rate is 3.75 percent monthly fee. Credit cards allow for an interest free payment period of 20 to 55 days. However, if you fail to make payment for your statement in due time, the bank starts charging interest. A simple way to avoid interest rates is to convert your large spends in EMIs. The bank charges 16 percent p.a interest on EMIs, however if you fail to pay in time then annual interest reaches up to 55.55 percent on revolving credit. For example, if you roll over a Rs. 10,000 balance for one month, you will be charged Rs. 375 in interest, plus taxes.
Late payment charges are applied in slabs based on your outstanding balance, ranging from Rs. 100 to Rs. 1,250. For an outstanding balance of Rs. 3,000, you will be charged a late fee of Rs. 500. Always pay on time to maintain your credit score.
The card explicitly offers a reduced 1.5 percent forex markup rate. This applies to international POS payments and online purchases charged in foreign currency. Spending Rs. 1,00,000 abroad will incur a low fee of Rs. 1,500, saving you Rs. 2,000 compared to cards with standard 3.5% markup rates.
The ATM cash withdrawal fee is 2.5 percent of the withdrawn amount (minimum Rs. 500). The card also offers a special benefit where you can withdraw cash with 0 percent interest for up to 45 days, but a one time cash withdrawal fee of Rs. 199 plus GST applies per transaction. If you withdraw Rs. 20,000, you will face these upfront processing charges.
A 1% convenience fee plus GST applies to all rent payments made using the card. Given that rent payments earn zero rewards, paying rent on this card is not cost-effective.
Railway transactions incur a surcharge of 1.8% for internet bookings and 2% for counter bookings at IRCTC.
A processing fee of Rs. 250 plus GST is charged for clearing credit card bills through physical cash deposits at bank branches. Always pay online to avoid this.
Cheque bounce penalties are fixed at Rs. 500 per instance, alongside applicable late payment fines.
The reward redemption fee is Not Applicable. No fee is charged when redeeming reward points on this card. If you redeem 10,000 points for Rs. 2,500 statement credit, your bill drops by exactly Rs. 2,500 with zero deductions.
| Fee Category | Amount / Rate |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| APR (Interest Rate) | 3.75% monthly (approx 45% annually) |
| Late Payment Charges | Rs. 100 to Rs. 1,250 based on balance |
| Forex Markup Fee | 1.5% (Special Benefit) / 3.5% (Standard Base) |
| Cash Withdrawal Fee | 2.5% (min Rs. 500) or Rs. 199 + GST per txn |
| Reward Redemption Fee | Not Applicable (Zero fee) |
View FAQ
Commonly Asked Questions
What is the joining fee?
The joining fee is exactly 0. You do not pay anything to acquire the card.
What is the annual renewal fee?
The annual fee is 0. You keep the card active year after year without paying renewal charges.
Do I need to spend a certain amount to waive the annual fee?
No, since the annual fee is 0, there is no spending target you need to hit to get a waiver.
What is the interest rate if I only pay the minimum due?
The card charges an APR of 3.75 percent per month on outstanding balances. For a Rs. 10,000 unpaid balance, that equals Rs. 375 in interest for one month.
What happens if I miss my payment deadline?
Missing a payment results in a late fee of up to Rs. 1,250 plus interest of 3.75 percent per month on the total outstanding balance.
How much does an international transaction cost in fees?
This card offers a special 1.5 percent forex markup. Spending Rs. 1,00,000 abroad will incur a low fee of Rs. 1,500.
Can I withdraw cash from an ATM?
Yes, but you will pay a 2.5 percent cash advance fee (minimum Rs. 500) or a flat Rs. 199 plus GST transaction fee. The cash is interest free for up to 45 days.
Is there a fee for paying rent with this card?
Rent transactions attract a 1 percent convenience fee and earn zero reward points.
Will I be charged if I pay my credit card bill in cash at a branch?
Physical cash deposits at bank branches attract a processing fee of Rs. 250 plus GST.
Is there a fee to redeem my reward points?
No fee is charged when redeeming reward points on this card, meaning your points retain their full value.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
What identity proof is required?
You need your PAN card and Aadhaar card for the identity verification and Video KYC process.
What income proof do salaried applicants need?
Salaried individuals need to submit their last two months salary slips showing a monthly income of Rs. 1,00,000.
What income proof do self employed applicants need?
Self employed applicants must provide their latest Income Tax Returns (ITR) showing an annual income of Rs. 36 lakh.
Do I need to submit address proof?
Your Aadhaar card serves as your address proof. If your current address differs, you will need to upload a utility bill or rental agreement.
Can I upload digital copies of documents?
Yes, you will upload clear digital photos or PDFs of your documents during the online application process.
Do I need to sign physical documents?
No, the entire process uses e-signatures tied to your Aadhaar linked mobile number.
Who Should Get This Card?
If you earn over Rs. 36 lakh annually, travel frequently, and hate paying annual fees, this card is built for you. The 1.5 percent forex markup makes it a trusted companion for international vacations, and the spa access adds a touch of rare luxury. Moreover, if you spend heavily on standard lifestyle categories, the 10X reward multiplier above Rs. 20,000 will rack up points quickly.
Conversely, who should NOT get this card? If your primary expenses are rent, school fees, and electricity bills, you will earn zero points on those transactions. Also, if your income is below Rs. 1,00,000 a month, the bank will not approve your application for the Wealth variant.
Credit Limit and What to Expect
Because this card targets individuals with an annual income of Rs. 36 lakh, you can expect a very generous initial credit limit. A high credit limit improves your overall credit utilization ratio, which is great for maintaining your high credit score. If your credit limit is Rs. 5,00,000 and you only spend Rs. 50,000 a month, your utilization is just 10 percent.
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Commonly Asked Questions
What is the minimum credit limit offered on this card?
The minimum credit limit for the Wealth variant starts at Rs. 5,00,000, scaling significantly higher based on your specific income profile and credit history.
How does the bank decide my credit limit?
Your limit is calculated based on your Rs. 1,00,000+ monthly income, your 720+ credit score, and any existing debts you currently hold.
Can I request a limit increase later?
Yes, if you use the card responsibly and pay bills on time, the bank often extends pre approved credit limit increases after six months to a year.
Will my limit be higher if I have a salary account with the bank?
Holding a salary account gives the bank clear visibility into your cash flow, which results in a higher initial credit limit.
Can I set daily transaction limits?
Yes, for security, you can use the mobile banking app to set strict daily spending limits for online, POS, and international transactions.
What happens if I spend over my credit limit?
Transactions exceeding your approved limit are subject to an over-limit fee of 2.5% of the over-limit amount, with a minimum charge of Rs. 500.
How to Apply?
The application process is entirely digital and designed for speed. You can apply directly through the official IDFC bank website or through authorized financial portals. First, you will need to fill out a simple online form with your basic details, employment type, and monthly income. Based on this information, the system will run a soft check on your credit profile.
If you meet the 720 CRIF requirement and the Rs. 1,00,000 monthly income threshold, you will move to the Video KYC stage. This is a crucial step. You must have your original PAN card and Aadhaar card handy. Ensure you are sitting in a well lit room with a strong internet connection. The bank executive will verify your identity over a live video call. Once the Video KYC is successful, your application moves to final underwriting, and the card is dispatched within a week.
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Commonly Asked Questions
Where can I apply for this card?
You can apply online through the bank official website or through trusted partner platforms to start your digital application.
Do I have to visit a bank branch?
No, the entire process, including document submission and identity verification, can be completed online from your home.
What is Video KYC?
Video KYC is a live video call with a bank agent who verifies your face against your PAN and Aadhaar documents to complete the legal identity check.
What documents do I need for Video KYC?
You must keep your original physical PAN card and your Aadhaar number ready during the video call.
How long does approval take?
If your Video KYC and income documents are clear, approval takes a few working days, followed by card dispatch.
Can I track my application status?
Yes, after applying, you will receive an Application ID via SMS. You can use this ID on the bank website to track 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 10X Reward Points
on incremental spends above ₹20,000 per month and on spends made on your birthday
Earn 3X Reward Points
per ₹150 on eligible spends up to ₹20,000 in a monthly statement cycle.
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