IDFC credit cards are lifetime free credit cards with no joining or annual fee. They offer 6 types of credit cards.

Let’s take a look at what are the cards offered by IDFC –

  1. IDFC First Millenia Credit Card
  2. IDFC First Classic Credit Card
  3. IDFC First Select Credit Card
  4. IDFC First Wealth Credit Card
  5. IDFC First Private
  6. IDFC First WoW

IDFC First Private is only available by invitation and IDFC First WOW is backed by a deposit. We will make a comparison between the remaining 4 credit cards. From the tables below, we can conclude that IDFC FIRST WEALTH Credit card is the most lucrative one as it has extra features and better offers.

Rewards/Benefits

 

 

 

 

Sr. No.

Features/Benefits

FIRST Millenia

FIRST Classic

FIRST Select

FIRST Wealth

1

Reward points on incremental spend

10X above Rs. 20,000 spend

10X above Rs. 20,000 spend

10X above Rs. 25,000 spend

10X above Rs. 30,000 spend

 

a) Rental and Property Mgmt

3X

3X

3X

3X

2

Reward points on online purchase

6X above Rs. 20,000 spend

6X above Rs. 20,000 spend

6X above Rs. 25,000 spend

6X above Rs. 30,000 spend

3

Reward points on offline purchase

3X above Rs. 20,000 spend

3X above Rs. 20,000 spend

3X above Rs. 25000 spend

3X above Rs. 30,000 spend

4

Unlimited Reward points

Yes

Yes

Yes

Yes

5

Reward points applicable on - 

 

 

 

 

 

1) Fuel

No

No

No

No

 

2) Insurance 

No

No

No

No

 

3) EMI Transactions

No

No

No

No

 

4) Cash Withdrawals

No

No

No

No

6

Welcome Voucher on spending Rs. 15K or more within 90 days of issue of card

Rs. 500

Rs. 500

Rs. 500

Rs. 500

 

 

7

Cashback on EMI within 90 days of issue of card

5% (Max. Rs. 1000)

5% (Max. Rs. 1000)

5% (Max. Rs. 1000)

5% (Max. Rs. 1000)

8

Fee on redemption of reward points

Rs. 99 + Taxes

Rs. 99 + Taxes

Rs. 99 + Taxes

Rs. 99 + Taxes

9

Discount on movie tickets on paytm

25%disc up to Rs. 100 once a month

25%disc up to Rs. 100 once a month

Buy 1, Get 1 up to Rs. 250, twice per month

Buy 1, Get 1 up to Rs. 500, twice per month

10

Complimentary Railway Lounge

4 Visits/quarter

4 Visits/quarter

4 Visits/quarter

4 Visits/quarter

11

Complimentary Roadside Assistance

Yes

Yes

Yes

Yes

12

Fuel Surcharge Waiver

Rs. 200/month

Rs. 200/month

Rs. 300/month

Rs. 400/month

13

Complimentary Domestic Airport Lounge Access

No

No

4 Visits/quarter

4 Visits/quarter

 

14

Complimentary International Airport Lounge/Spa Access

No

No

No

4 Visits/quarter

 

14

Merchant Offers

300+ outlets

300+ outlets

300+ outlets

300+ outlets

15

Restaurant discounts

1500+outlets

1500+outlets

1500+outlets

1500+outlets

15

Health and Wellness discounts

3000+outlets

3000+outlets

3000+outlets

3000+outlets

16

Personal Accident cover

Rs. 2,00,000

Rs. 2,00,000

Rs. 5,00,000

Rs. 10,00,000

17

Lost Card Liability Cover

Rs. 25,000

Rs. 25,000

Rs. 50,000

Rs. 50,000

18

Air accident cover

No 

No

Rs. 1 crore

Rs. 1 crore

19

Comprehensive Travel Insurance Cover

No

No

Rs. 22,500

USD 1200

 

20

Complimentary golf rounds

No

No

No

2 rounds

 

Now let’s look at the charges

Charges

 

 

 

 

 

Sr. No.

Features/Benefits

FIRST Millenia

FIRST Classic

FIRST Select

FIRST Wealth

1

No Annual fee

Yes

Yes

Yes

Yes

2

Lifetime free card

Yes

Yes

Yes

Yes

3

Interest Rates

0.75% to 3.5% per month

0.75% to 3.5% per month

0.75% to 3.5% per month

0.75% to 3.5% per month

4

Over Limit (OVL) Charges

2.5%, Min Rs. 500

2.5%, Min Rs. 500

2.5%, Min Rs. 500

2.5%, Min Rs. 500

5

Interest Free Cash Withdrawal

Up to 48 days

Up to 48 days

Rs. 250 per transaction

Up to 48 days

Rs. 250 per transaction

Rs. 250 per transaction

Rs. 250 per transaction

6

Late Payment Fee

15%, Min 100-Max 1250

15%, Min 100-Max 1250

15%, Min 100-Max 1250

15%, Min 100-Max 1250

 

 

7

Forex Markup

3.50%

3.50%

1.99%

1.50%

 

Apply for the latest IDFC Credit Card through Creditmantri. Compare features and benefits before you make a choice. Check them out now!