IDFC credit card operates in various business verticals offering a wide range of services to its clients. It is headquartered in Mumbai and is one of the most famous credit card issuers in India. Also, well known for its low-interest charges plus interest-free cash withdrawals, accident cover, discount on movie tickets, unlimited reward points, fuel surcharge waiver, etc.
IDFC has 600 branches in India out of which 592 branches are spread across the country. IDFC First Bank was established after the merger between IDFC Bank, an entirely-owned subsidiary of IDFC Ltd, and Capital First Bank in December 2018. The IDFC bank got incorporated in 2014 after the Reserve Bank’s approval and eventually started its banking operations in 2015.
As per RBI reports, IDFC Credit First Bank currently has 13,50,524 active credit cards in the country. Previously, the bank was offering lifetime free credit cards, then it came up with a super premium card in the year 2022. This card is named as first private card and this is the only card by IDFC that charges annual fees.
Documents Required For Applying for IDFC Credit Card
The bank requires an applicant to submit certain key documents at the time of applying for a credit card. They are as follows:
- Proof of Address: Copy of telephone bill, Aadhaar card, electricity bill, rental agreement, passport, or ration card
- Proof of Identity: Voter card, Passport, Aadhaar card, Driving License, PAN card
- Income Documents: For self-employed applicants, the bank requires the balance sheet or audit statement, the financial statement of the business, and the latest Income tax return copy. For salaried applicants, the bank needs to verify the latest salary slip, salary certificate, and letter of employment.
Key Benefits of IDFC Credit Card
IDFC credit card has a wide range of benefits, some of which are mentioned below:
- Welcome Benefit - If the cardholder spends INR 15000 in the span of the first 90 days of card issuance, then he will receive a welcome gift.
- Insurance Benefit - With an IDFC card, the cardholder will get the benefit of INR 50000 for the lost card and INR 1, 00,000 for personal accident cover.
- Interestless cash withdrawal - Any cash withdrawal from an ATM will be interest-free for the first 48 days of card issuance. This benefit is applicable to all credit cards offered by IDFC Bank.
- Cash Back Benefit - Cardholders will be entitled to 5% cash back on EMI made using an IDFC credit card.
- Vehicle Benefit - Free roadside assistance cover of INR 1399 will be given to IDFC credit card holders.
- Low-Interest Rates - IDFC credit cards have comparatively low-interest rates as compared to other banks
How to Apply For IDFC Credit Card
To apply for an IDFC First Select Credit Card or any of the credit cards offered by IDFC First Bank, you can visit the authentic website and fill out the form or visit the nearest branch to physically fill out the form.
ONLINE PROCESS:
- You have to visit an authentic website.
- Then you have to head to the Credit card option and click Apply now.
- Then fill out the application form by filling in columns like - name, date of birth, mobile number, etc.
- After this you will receive an OTP, after that, you can select your choice of credit card.
OFFLINE PROCESS
- You have to visit the nearest branch of IDFC.
- Then you have to request a bank representative to give you a credit card application form.
- Fill in the details carefully.
- Then you have to attach the required documents and submit the application form to the concerned person.
- Then the bank will verify your documents, then they will call you for further details if needed.
- Once your application is approved, you will be issued an IDFC credit card.
Key Features of IDFC First Credit Card
The IDFC First credit card offers a wide range of benefits to its customers like - access to airport and railway lounges, discounts on dining, movie ticket discounts, waiver on fuel surcharge, etc.
Mentioned below are some of the benefits and features offered by some of the IDFC First credit cards:
1. IDFC WEALTH CREDIT CARD
- You will get 4 complimentary access to international and domestic lounges visit at the airport.
- You will get 1 complimentary movie ticket on buying 1 movie ticket.
- Complimentary visit to golf grounds.
- On your birthday you will get up to 10 times reward points.
2. IDFC First Classic Credit Card
- Discount of up to 25% on movie tickets every month.
- 4 complimentary visits to railway lounges in a quarter
- On offline spending, up to 3X reward points
- Waiver of up to 1% on fuel surcharge at petrol stations
- On spends above ₹20,000, earn up to 10X reward points
3. IDFC FIRST WOW Credit Card
- IDFC WOW Credit Card comes with zero foreign transaction markup fee.
- 15% discount at over 3000 Wellness and Health outlets
- On every transaction, earn up to 4X reward points
- Personal accident cover
- A lifetime free credit card will be given
- The cardholder will get 20 % discounts on over 1500 restaurants.
4. IDFC First Select Credit Card
- IDFC First Select Credit Card offers 4 complimentary domestic lounge visits at airports
- Free personal accident cover worth ₹2 Lakh
- On birthday spends, up to 10X reward points
- 25% discount on movie tickets every month
5. IDFC Millenia Credit Card
- The cardholder will get accident cover up to INR 2 lakh.
- Discount of 25 % on spend of movie tickets every month.
- On spends that exceed INR 20000 earn reward point up to 10 times.
IDFC First Credit Card Reward Programme
IDFC’s First credit card is considered to be one of the Best Credit Card in India as it offers one of the best reward programs in the market. The key highlights are mentioned below:
- Interest-free cash withdrawals from ATMs for up to a period of 48 days
- Up to 6 times rewards on online purchases made using select IDFC FIRST Bank Credit Cards.
- Up to 4times rewards on rental payments and offline purchases made using select IDFC FIRST Bank Credit Cards
- Evergreen reward points with unlimited validity
- The card holder will avail of personal accident insurance with a cover up to ₹10 Lacs.
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