The IDFC First Select, IDFC First Millennia, and IDFC First Classic Credit Card are credit cards issued by the bank without any annual fees. The card comes without any joining fees and caters to all the needs of its customers. It welcomes you with rupee gift vouchers. On your first EMI transaction, you get Rs 500 and 5% cashback. With this card, you earn 3 reward points on every rupee spent. Rs 150 is spent on offline purchases and Rs 6 for every rupee spent. Rs 150 is spent on online purchases. You can also earn 10 reward points on spending more than Rs 20,000 on a monthly basis. In addition to this, you also receive additional reward points for significant purchases and for all transactions made on your birthday.
Not only reward points, but the card also provides you with fantastic travel, movie, and dining benefits. You get complimentary access to 4 railway lounges every quarter, up to a 20% discount on dining, and a 25% discount on movies. Apart from these, you also enjoy various other benefits with the IDFC First Classic Credit Card, such as complimentary roadside assistance, insurance benefits, and more. To learn more about all the benefits of the card in detail, please refer to the information provided below.
- Joining Fee- Nil
- Renewal Fee- Nil
- Best Suited For- Travel
- Reward Type- Reward Points
- Welcome Benefits- Get a welcome gift voucher of Rs. 500 on spending within the first 90 days of card issuance. Also, receive 5% cashback on the value of your first EMI transaction made within the first 90 days of card activation. No joining fee is applicable.
Rewards and Benefits
- Movie & Dining- Get a 25% discount on movies (up to Rs. 100) on the Paytm app, once per month, and up to 20% discount on dining through your IDFC FIRST Classic Credit Card.
- Rewards Rate- 3 Reward Points on every offline spend of Rs. 150 & 6 Reward Points on every online spend of Rs. 150.
- Reward Redemption- The Reward Points can be redeemed instantly for online transactions & partner stores. Here, 1 Reward Point = Rs. 0.25, You have to pay a convenience fee of Rs. 99 plus taxes to redeem your rewards points.
- Travel- Get complimentary Railway lounge access 4 times in a calendar quarter. You also get complimentary roadside assistance worth Rs. 1399 4 times in a year
- Golf- NA
- Domestic Lounge Access- 4 complimentary Railway lounge access every quarter.
- International Lounge Access- NA
- Insurance Benefits- You get a personal accident cover worth Rs. 2 Lakhs and a lost card liability cover worth up to Rs. 25,000
- Zero Liability Protection- You will not be liable for any fraudulent transactions made on your card if the loss is reported to the bank in a timely manner.
Fees & Charges
- Spend based Waiver- NA
- Rewards Redemption Fee- Rs. 99 plus taxes
- Foreign Currency Markup- 3.5% on all foreign currency spends.
- Interest Rates- 0.75% to 3.5% per month
- Fuel Surcharge- 1% fuel surcharge waiver (up to Rs. 200 per statement cycle)
- Cash Advance Charge- Rs. 199
- Add-on Card Fee- Nil.
Product Details
- 3x Reward Points on every Rs. 150 you spend on offline purchases.
- 6x Reward Points on every Rs. 150 you spend on online purchases.
- 10x Reward Points on every Rs. 150 you spend on purchases above Rs. 20,000.
- 10x Reward Points on every Rs. 150 spent on your birthday.
- The card comes with no joining/renewal fee.
- Welcome benefit of a gift voucher worth Rs. 500 and 5% cashback on the value of your first EMI transaction
- 25% discount on movie tickets on the Paytm app, up to Rs. 100, once per month.
- 4 complimentary Railway lounge access every quarter.
- More than 300 partner merchant offers.
- Get free Road Side Assistance worth Rs. 1399
- Get personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000
Features and Benefits of IDFC First Classic Credit Card:
The IDFC First Classic Credit Card offered by IDFC First Bank is a lifetime free card. It comes with attractive interest rates and various benefits across different categories. Here are some of its key features and benefits:
Welcome Benefits:
- You receive a welcome gift voucher worth Rs. 500 on spending more than Rs. 500 within the first 90 days of receiving your IDFC First Classic Credit Card.
- Get 5% cashback on your first EMI transaction, up to Rs. 1,000 (if the card setup is done within 90 days of the card’s issuance).
IDFC FIRST Classic Credit Card Rewards:
- For every offline expense, you earn 3x reward points per Rs. 150.
- For every online expense, you earn 6x reward points per Rs. 150.
- You earn 10x reward points for every Rs. 1 spent on purchases above Rs. 150, up to Rs. 20,000.
- You earn 10x reward points for every Rs. 1 spent on your birthday.
- Fuel purchases, EMI transactions, loan payments, and cash withdrawals are not eligible for reward points.
- The reward points earned through your IDFC First Classic Credit Card never expire.
Rewards Redemption
- The reward points earned can be easily and instantly redeemed online for transactions or at partner stores.
- 1 reward point = Rs. 0.25.
- IDFC First Classic Credit Card offers the option to waive off the convenience fee for 99 plus rewards points.
Travel Benefits
You get 16 complimentary Railway Lounge access every year (4 per quarter). You also get complimentary roadside assistance worth Rs. 1399 four times a year.
Movie & Dining Benefits
- You get a 25% discount on movies (up to Rs. 100) once every month, on the Paytm app.
- Get a discount of up to 20% on dining across over 1,500 restaurants.
Insurance Benefits
- A personal accident cover worth Rs. 2 lakhs is given to the cardholder.
- Coverage of Rs. 25,000 is provided in case of a lost card.
Other Benefits
- You get complimentary Road Side Assistance worth Rs. 1,399 up to four times a year.
- Get a discount of up to 15% at more than 3000 Health & Wellness outlets.
- Get over 300+ partner merchant offers throughout the year.
Fuel Surcharge Waiver
You receive a 1% fuel surcharge waiver at all fuel stations in India. The maximum surcharge waiver is capped at Rs. 200 per month.3
IDFC First Classic Credit Card Fees and Charges
There are various fees and charges associated with the IDFC First Classic Credit Card. Some of the important ones are as follows:
- The IDFC First Classic Credit Card comes with zero joining and annual fee, i.e, it is a lifetime free credit card.
- The interest rate on this credit card is 0.75% to 3.5% per month.
- The foreign currency markup fee on the IDFC First Classic Credit Card is 3.5% of the total transaction amount.
- The cash advance fee on this credit card is Rs. 199 per transaction
IDFC FIRST Classic Credit Card Eligibility Criteria
The eligibility requirements that need to be fulfilled in order to get approved for the IDFC First Classic Credit Card are as follows:
The minimum eligible age required for this credit card is 21 years.
The applicant should either be salaried or self-employed with a decent monthly income.
The applicant should have a decent credit score.
Documents Required
The documents required to apply for the IDFC First Bank Classic Credit Card are listed below:
- Aadhar Card, Voter’s Id, Driving License, PAN Card, or Passport as an identity proof.
- Latest months’ utility bills, Aadhar Card, or Passport as an address proof.
- You will also need to submit your latest salary slips/latest bank statements, or latest audited ITR.
How To Apply For The IDFC First Classic Credit Card?
You can apply for the IDFC First Classic Credit Card online as well as offline at your convenience. To apply offline, visit your nearest IDFC First Bank branch with all the required documents and apply for the card by filling out the physical application form. To apply online, you will have to follow a few simple steps as mentioned below:
- Visit the IDFC First Bank’s official website.
- Click on the option ‘Credit Cards.’
- Click on the option ‘Classic.’
- Now, click on Apply Now and proceed further by filling in all the required details.
Conclusion:
IDFC First Classic Credit Card offers its customers a range of exclusive benefits and reward offers that are expected from a credit card. But here’s the best part: you get all these benefits with a single card that is completely free, meaning you never have to pay any joining/renewal fees. In addition, its low interest charges also give you a strong reason to choose this card.
Speaking of its advantages, it provides you with exciting benefits in various categories, including travel, dining, movies, insurance, fuel surcharge waiver, complimentary roadside assistance, and many more. Therefore, if you’re looking for a credit card without any joining/renewal fees and special reward offers and benefits, IDFC First Classic Credit Card would be an excellent option for you.
