IDFC First Bank Wealth Credit Card Review

If you are new in the credit card market, and looking for an entry-level credit card to make a soft start, then the idfc first bank wealth credit card will be a perfect choice for you. It is a lifetime free credit card that lets you enjoy powerful rewards on everyday expenses, free access to airport lounges, exclusive deals on dining, and lots more. More about the benefits are discussed below.

Who can apply for the IDFC First Bank Wealth Credit Card?

The idfc wealth credit card eligibility criteria are not very clearly mentioned. But as per our experience, we can say that it should be like this. 

  • Resident Type:  Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: 10 lakh annually (min).
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: 12 lakh annually (min).
  • Good relation with the bank. 
  • Good CIBIL Score (>750).
  • Zero due Payments. 

What documents are required to apply for the IDFC First Bank Wealth Credit Card?

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of the last 3 months 
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year 
      • Proof of business
      • Recent audited financial report.

How much are the IDFC First bank wealth credit card fees?

  • IDFC First bank wealth credit card Joining Fee: None. 
  • IDFC First bank wealth credit card Annual Fee: Free for a lifetime.

What are the idfc wealth credit card benefits?

  • A mind-blowing gift to welcome you:

On spending Rs. 15,000 within the first 90 days of the card issuance, you can get a Rs. 500 gift voucher as a welcome gift. You will also get a 5% Cash-Back on your first EMI payment.

  • Make your every transaction rewarding with a powerful reward scheme:

This card offers a very powerful reward scheme that allows you to add more value to your transactions. The details are given below.

Category of transactions Rate of earning idfc credit card reward points
All transactions above Rs. 20,000 10X rewards
On every Rs.100 online transaction 6X rewards
On every Rs.100 offline transactions 3X rewards
Every Rs.100 transaction made on your birthdays 10X rewards

1 reward point is equal to Rs. 0.25. 

  • Make your travel more comfortable with complimentary airport lounge access:

This card gives you free access to most of the domestic and international airport lounges. You will get a maximum of 4 free accesses to domestic and international airport lounges. This card also offers 4 quarterly accesses to the domestic railway lounges.

  • Enjoy a premium dining experience with exclusive discounts on dining bills:

This IDFC Wealth Credit Card offers up to a 20% discount on your dining bills. This offer is applicable at over 1500+ premium restaurants in India.

  • Make your weekends more delightful with complimentary golf rounds:

You can also enjoy free golf rounds at some of the finest golf courses in India.  

  • Enjoy freedom from fuel surcharges:

This idfc first credit card offers up to Rs. 400 monthly waiver on fuel surcharges. You can get this offer at any fuel station in India.

  • Make your evenings entertaining with the attractive idfc wealth credit card movie offer:

This card offers a movie ticket completely free with the purchase of another. This offer is applicable twice a month, the maximum ticket value is ₹500. 

  • Complimentary travel insurance coverage to stand for you in emergencies:

This card comes with complimentary travel insurance coverage. The details are discussed below.

Particulars Coverage amount
Lost baggage and travel documents $1200
Air accidental death coverage Rs. 1 Cr.
Personal insurance coverage Rs. 10 lakh

To keep the insurance coverage active you just have to keep using your idfc first bank credit card regularly, at least once a month. 

  • Add a touch of luxury with premium lifestyle benefits:

This card offers free Spa access and up to a 15% discount on your spending in Health & Wellness shops. Also, get free roadside assistance worth ₹1,399. 

  • Complimentary lost card liability coverage to provide you with more security:

This card offers Rs. 50,000 coverage against lost or stolen cards. So, if your card ever gets lost or stolen, you just have to report it by calling the IDFC Bank customer service number and you will no longer be liable for anything bad that may happen to your account.

  • Enjoy lower interest rates on revolving credit:

Depending on your credit score you can get a very low-interest rate of just 0.75% monthly which is probably the lowest interest rate offered by any Indian credit card company. 

IDFC First bank wealth credit card charges:

Particulars  Payable amount
Cash Withdrawal Charge Rs. 250 per withdrawal
Finance Charge 0.75% (min) to 2.99% (max) monthly
Foreign currency transaction 1.5% against the transaction amount (applicable once per transaction)
Add on card fee None

IDFC First bank wealth credit card contact details:

  • IDFC First bank wealth credit card customer care number: 1860 500 1111
  • IDFC First bank wealth credit card mail id: creditcard@idfcfirstbank.com

100xGain Ratings: 

8.5/10

Pros and Cons:

Pros  Cons
  • It is a lifetime free credit card.
  • It gives you free access to most of the frontline airport lounges.
  • This idfc first credit card is also very good at offering reward points. 
  • There are no travel booking benefits on this idfc first bank credit card.

Final Opinion:

If you are looking for a premium quality credit card at an affordable rate, then the IDFC First Bank Wealth Credit Card would be a great option for you. Offering free access to airport lounge access, exclusive deals on dining and movies, this card brings so much value with it that is more than enough at this price point. 

But if you are looking for a more premium alternative then you can always take a look at the 100xGain top 16 premium credit card page. You can also take a look at the alternative card options given below.

Alternative Cards: 

  1. Bajaj Finserv RBL Bank World Plus SuperCard. (Best for lounge access and dining benefits)
  2. IDBI Bank Winning Credit Cards. (Best for offering lounge access benefits)
  3. Indusind Bank Platinum Aura Credit Card. (Best for offering reward points and lounge access benefits)
  4. Yatra SBI Card. (Best for offering reward points and travel benefits)

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