The IDFC FIRST WoW Credit Card is a Secured credit card issued by the IDFC Bank, having tons of features, and providing great benefits for the cardholders. The card comes with ZERO Joining Fees and Renewal fees, which means that the FIRST Wow Card is a completely lifetime free card. On top of that, the great thing is that the foreign markup fee with the WoW Card is also ZERO, which is not there in other IDFC FIRST Credit cards.
Therefore, you do not have to pay any charges or fees on international transactions. The card offers 4 Reward points on every other spend and the points you earn are valid for a lifetime, which means they do not expire at any point. You can use them to redeem vouchers, deals, and much more anytime. It also comes with a Welcome benefit of 5% Cashback and offers a 1% Fuel surcharge waiver.
Apart from this, you also get Personal Accident and Card Liability cover of up to Rs. 2 Lakh and Complimentary Roadside Assistance worth Rs. 1,399 4 times a year. Also, enjoy great dining benefits and even discounts at 3000+ Health & Wellness outlets. The card offers easy and convenient EMI options for transactions above Rs. 2,500. Keep reading for a more detailed review of the card:
- Joining Fee- NIL
- Renewal Fee- Nil
- Best Suited For- Dining | Shopping
- Reward Type- Reward Points
- Welcome Benefits- Enjoy 5% Cashback up to Rs. 1,000 on the first EMI transaction done within 90 days of card activation.
Rewards and Benefits
- Movie & Dining- 20% discount at 1500+ restaurants with IDFC FIRST WoW Credit Card.
- Rewards Rate- Earn 4X (4RP) Reward Points on every Rs. 150 spent
- Reward Redemption- Use the earned Reward Points to instantly pay for online or in-store purchases. 1X = 1 Reward Point per Rs. 150 spent therefore, 1 Reward point = Rs. 0.25
- Travel- NA
- Golf- NA
- Domestic Lounge Access- NA
- International Lounge Access- NA
- Insurance Benefits- Personal Accident, Card Liability cover and many more.
- 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 per redemption transaction
- Foreign Currency Markup- NIL
- Interest Rates- 0.75% – 3.5% p.m. (9% – 42% p.a.)
- Fuel Surcharge- 1% fuel surcharge waiver (up to Rs. 200 per statement cycle)
- Cash Advance Charge- Rs. 250
- Add-on Card Fee- Nil
Product Details
- Lifetime Free Credit card.
- Earn 4X Reward Points on every spend
-
Unlimited Reward Points that never expire
- 0% Foreign transaction markup fee.
- Get 5% Cashback up to Rs. 1,000 on the first EMI transaction done
- Get 20% discount at 1500+ restaurants
- Get 15% discount at 3000+ Health & Wellness outlets
- Get 1% Fuel surcharge waiver
- Insurance cover for Personal Accident, Card Liability cover and many more.
- 4 Complimentary Roadside Assistance worth Rs. 1,399
IDFC FIRST WoW Credit Card Features and Benefits
The IDFC FIRST WoW Credit Card has many exceptional features and benefits, like welcome benefits, reward rate, fuel surcharge waiver, and many more. Following is the list of benefits offered with the WoW Card:
Welcome Benefit
Get 5% Cashback up to Rs. 1,000 on the first EMI transaction done within the 90 days of card activation. NOTE that the cashback is applicable on direct EMI purchases or on the transaction converted to EMI.
Dining & Health Benefits
With IDFC FIRST WoW Credit Card you can enjoy up to a 20% discount at more than 1500 restaurants. To avail this offer, confirm with the restaurant on the IDFC FIRST Bank Card dining discount offer. Use your IDFC FIRST Wow Credit Card for the payment to avail of the benefit. Visit here to know more.
Also, you can get up to 15% discount at more than 3,000 Health & Wellness outlets.
Fuel Surcharge Waiver
You get a 1% fuel surcharge waiver across all the fuel stations in India. You can avail of a maximum benefit of Rs. 200 per month through the fuel surcharge waiver on IDFC FIRST WoW Credit Card.
Zero Forex Markup Fee
The IDFC FIRST WoW Credit Card comes with Zero foreign markup fees, you do not have to pay any charges or fees on international transactions. This is a great advantage of this card, as the other secured credit cards generally charge 3.5% as the Foreign Markup fees on all international transactions.
Insurance Benefits
Following table lists the Insurance covers provided with the IDFC FIRST WoW Credit Card:
| Insurance Cover | Sum Insured |
| Personal Accident | Rs. 2,00,000 |
| Card Liability Cover | Rs. 25,000 |
| Credit Shield Cover | Rs. 25,000 |
| Purchase Protection | Rs. 25,000 |
Read more about the insurance benefits on the IDFC FIRST’s website. All the benefits mentioned above are subject to terms and conditions levied by the IDFC FIRST, read all terms and conditions carefully.
Road Side Assistance
IDFC FIRST WoW Credit Card comes with 4 complimentary Road Side Assistance worth Rs. 1399 all over India with the Global Assure. The features included in the Road Side Assistance are Towing of Vehicle, Alternate Battery, Tyre Change, Breakdown support, Taxi Benefit, Arrangement of fuel, and much more.
Note that there are few instructions/conditions in general for the Roadside assistance and specific conditions associated with each Feature and help provided with the same. Go through each and every condition mentioned on the Bank’s Website.
Easy EMI Options
With IDFC FIRST WoW Credit Card you can instantly convert your transactions above Rs. 2,500 into easy & convenient EMI plans. EMI option can be availed on the bank’s OTP page for online transactions and on the IDFC FIRST Mobile Banking App, all transactions are eligible for EMI. Note that the EMI option is not available for jewelry purchases.
IDFC FIRST WoW Credit Card Rewards
With IDFC FIRST WoW Credit Card earn 4X (4RP) Reward Points on every spend you make on the card. The Reward Points you earn never expire on the WoW Card.
Reward Redemption
You can use the earned Reward Points to instantly pay for online or in-store purchases and Redeem for Gift Vouchers of your choice. You have to pay a reward redemption fee of Rs. 99 plus taxes.
1X = 1 Reward Point per Rs. 100 spent therefore, 1 Reward point = Rs. 0.25
IDFC FIRST WoW Credit Card Fees & Charges
The fees associated with the IDFC FIRST WoW Credit Card are as follows:
- Annual Fee: IDFC charges no Joining or Renewal Fees for the IDFC FIRST WoW Credit Card, which makes the card lifetime free.
- Interest Rate: An interest rate of 0.75% – 3.5% p.m. (9% – 42% p.a.) is applicable on the due amount on the card. These charges are very low as compared to other Secured cards.
- Cash Advance Fee: IDFC Bank levies a cash withdrawal fee of Rs. 250 on cash withdrawals with the card from ATMs.
- Forex Mark-up Fee: There is no Forex Mark-up Fee with IDFC FIRST WoW Credit Card.
How To Apply For The IDFC FIRST WoW Credit Card?
You can apply for the IDFC FIRST WoW Credit Card online on the Bank’s official website. Go to the Website, then go to the Credit Card section and look for FIRST WoW credit card. Open the card, and look for the ‘Express Interest’ Button on the page, enter your details there.
Documents Required
To apply for the WoW card you will need to submit identity proof, address proof (like Aadhar card, Voter card, driving license, etc.) and must have a Fixed deposit of at least Rs. 5,000 with the IDFC Bank.
IDFC FIRST WoW Credit Card Bill payment
Follow the following methods to pay your WoW card bill payments in timely manner:
Net Banking or Debit Card Payments make a credit card payment through debit card or net banking using your bank account either through net banking or using your debit card details.
UPI Payments, for instant payment through UPI, open a UPI-enabled banking app/BHIM app and follow these steps:
- Go to the UPI section, then click Send Money
- Enter ‘<your 16-digit card number>.cc@idfcbank’ as UPI ID.
IMPS/NEFT Payments, make instant payments via IMPS/NEFT using the below-mentioned Payee/Beneficiary details:
- Payee Name: Name as on your IDFC FIRST Bank Credit Card
- Payee Account Number: Your 16-digit IDFC FIRST Bank Credit Card number
- Bank Name: IDFC FIRST Bank
- IFSC Code: IDFB0010225
Conclusion
The IDFC FIRST WoW Credit Card is a very attractive and beneficial option if you are looking for a secured credit card. There are no joining or renewal fees, no foreign transaction markup, no interest on ATM Withdrawal, and very low-interest rates. Features like these are rarely found on any credit card. Even other secured credit cards like ICICI Bank Instant Platinum Credit Card and Kotak 811 #DreamDifferent Credit Card do not show such features.
Apart from earning interest on your fixed deposit, the card also offers reward points on every transaction you do, and these reward points never expire. You can choose to redeem these points whenever you wish to. The welcome benefits, fuel surcharge waiver benefits, and dining benefits with the card are very exciting. Also, the card offers insurance covers and roadside assistance too.
