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IDFC Bank Credit Card Eligibility

IDFC Credit Card Eligibility

Credit cards are no more plastic cards that lie dormant in your wallet. With the plush of offers and savings on your monthly spending like groceries, fuel, movies, and dining credit cards have their real use. IDFC Bank’s credit cards are replete with 6x to 10x rewards on different categories. They can be used by over 300+ popular merchants online and offline. And the icing on the cake - IDFC Credit Card is free. No joining fees and no annual fees. Read more to know how to qualify for an IDFC Bank Credit Card.

What Are The Eligibility Criteria For Getting A Credit Card From Idfc?

There are some basic criteria fixed by IDFC Bank that a credit card applicant needs to satisfy.

Age Limit

You should have attained the age of 21. The add-on cardholders must have attained the age of 18. The maximum age limit depends on the type of IDFC Credit Card chosen.

Income

You should have a guaranteed source of monthly income. Generally, your net monthly income for getting an IDFC Bank Credit Card shall be at least Rs 25,000. You can be salaried or self-employed. You must be able to establish that your net monthly income is sufficient to repay your credit card bills when they are due. Your income correlates to the amount of credit you are seeking for. The minimum net monthly income requirement varies according to the type of credit card that you choose.

Credit Score

You must have a good credit score to increase your chances of getting the IDFC Credit Card. If you have a credit score of 700 or above, you have a fair chance of getting your credit card application approved. Your credit limit is approved based on your credit score and credit utilization ratio.

Credit Utilization Ratio

Credit Utilization Ratio is the measure to assess how efficiently you are using your revolving credits. If you are already having a credit card, IDFC First Bank will require your credit utilization ratio below 30. It is calculated by dividing the total credit used by the total available credit limit.

Residential Status

You must be an Indian resident to apply for any IDFC Bank Credit Card. You must have a permanent residential address in India and the same is to be substantiated with documentary proof.

Internal Policy Criteria

IDFC First Bank has an internal policy to approve any credit card application. The consideration shall be given to the demography of the customer, existing relationship, credit exposure, and credit bureau history.

Documentation For IDFC Credit Card

Documentation or documentary proofs go hand in hand with the eligibility requirements. You need to submit proof of your eligibility wherever applicable.

Proof of Residence	Aadhar Card, Passport, Electricity bills, Ration card
Proof of Identity	Aadhar Card, Voters ID Card, Passport, Driving license
Proof of Age	Aadhar Card, PAN Card
Proof of Income	For Salaried: Latest 3 months’ pay slips Bank statement last 3 months’ For Self-Employed; Audited Financial Statements of last 2 years.

Criteria Specific To The Credit Card Type

The eligibility criteria for IDFC Credit Cards will differ based on the type of credit card. Here is a glimpse of the eligibility for different types of IDFC Credit Cards.

Type	Age	Minimum Income	Other conditions
IDFC Millenia Credit Card	21 years to 65 years	25,000 per month	-
IDFC FIRST Classic Credit Card	21 years to 65 years	25,000 per month	-
IDFC FIRST Select Credit Card	21 years to 65 years	25,000 per month	-
IDFC Wealth Credit Card	21 years to 65 years	25,000 per month	-
IDFC WOW Credit Card	18 years	25,000 per month	Available only in IDFC-sourcing cities. The applicant needs to get a Fixed Deposit with IDFC Bank. Existing customers can have a minimum of Rs 2,000 and others can have a minimum of Rs 5,000

Note : IDFC FIRST Private Credit Card - This card belongs to the premium segment. Approval is based on invitation from the bank only. The minimum credit limit starts at Rs 25 lakhs.

What If You Do Not Meet The Eligibility To Get An Idfc Credit Card?

At Credit Mantri, we are committed to guiding you to the light when you need it the most. We offer you suggestions and measures that can improve your eligibility criteria to get IDFC Bank’s credit card approved.

Steps To Improve The Eligibility Criteria For Getting A Credit Card

Clear the outstanding dues of your other credit card if any. This can help in improving the credit score and credit utilization ratio.
Do not barge too much to buy a credit card. If you see your application is likely to be rejected. Wait for some time.
Add a co-applicant who has a good monthly income to your credit card application.
Use the eligibility calculator

Checking The Eligibility Criteria

IDFC First Bank

The first stage of application in IDFC First Bank’s official website acts as an eligibility calculator. Key in your Name, Age, Minimum Net Monthly Income, Mobile Number, Email, and Pincode. You will get to know your eligibility for IDFC’s credit card.

Credit Mantri

Check the various IDFC credit cards available
After choosing the card you want to apply for, click ‘Check Eligibility”.
Enter the basic details asked in the application page and click “submit”. Wait for OTP sent to your registered mobile number.
Enter the OTP and understand your eligibility.

FAQs of IDFC First Bank Credit Card Eligibility:

1. I’m a Non-Resident. Can I apply for an IDFC Bank Credit Card?

No. IDFC First Bank’s credit cards are exclusively issued to Indian Residents. You are not eligible to apply.

2. How can I apply for an IDFC Bank Credit Card?

You can apply online by visiting the IDFC’s official website.
You can call the customer care of IDFC to know and apply for credit cards.
You can visit any branch of IDFC and apply physically.
You can visit https://www.creditmantri.com/idfc-credit-card/ to apply for IDFC First Bank’s credit card.

3. How do I know whether my credit card application is approved?

You can find your credit card application status on IDFC First Bank’s official website. Enter your date of birth and mobile number or application number.

You can also visit the IDFC branch personally or contact customer care.

4. Are IDFC credit cards free?

Yes. This makes IDFC Bank’s Credit Card more attractive. There is no joining or annual fee for any of the credit cards of IDFC.

5. What is the interest on IDFC Bank’s Credit Card

The interest rates of IDFC Bank’s credit card start as low as 9% per annum and can go up to 42% depending on the type of credit card.