I am planning to apply for an idfc credit card but i am unaware of the different types of idfc credit cards. Pls help me out!
IDFC First Bank offers a variety of credit cards tailored to different needs and lifestyles. Here are some of the main types of IDFC First Credit Cards available, and what they offer:
1. IDFC First Bank Select Credit Card
- Ideal for: Frequent travelers and people who enjoy luxury perks.
- Key benefits:
- Complimentary lounge access at airports
- Accelerated rewards on travel and lifestyle spends
- High reward points on spends across categories like dining, shopping, and entertainment
- Annual Fee: Moderate (but could be waived on spending a certain amount).
2. IDFC First Bank Classic Credit Card
- Ideal for: Everyday spenders who need a no-frills, basic card.
- Key benefits:
- Simplified rewards on everyday purchases
- Cashbacks and discounts on various merchants
- A good entry-level card for those new to credit cards
- Annual Fee: Low.
3. IDFC First Bank Premium Credit Card
- Ideal for: People who like premium perks like lifestyle benefits and exclusive rewards.
- Key benefits:
- Premium reward points for spending on travel, dining, and lifestyle
- Concierge services and other luxury privileges
- Waiver of annual fee on a higher level of spending
- Annual Fee: Higher, but can be offset by rewards and benefits.
4. IDFC First Bank Millennia Credit Card
- Ideal for: Young professionals and millennials who are looking for good rewards and cashback.
- Key benefits:
- Strong cashback offers on dining, entertainment, and online shopping
- Easy earn points and cashback on most purchases
- Annual Fee: Low, with potential for waiver based on spend.
5. IDFC First Bank Wealth Credit Card
- Ideal for: High-net-worth individuals (HNWIs) seeking exclusive rewards and services.
- Key benefits:
- High-value benefits like luxury travel perks, airport lounge access, and concierge services
- Reward points that can be redeemed for premium merchandise, travel, and experiences
- Annual Fee: Very high (suitable for those who will utilize the premium benefits).
Which Card Should You Apply For?
- If you’re looking for basic rewards and have low expenses: The Classic or Millennia cards would be ideal, as they have low fees and offer decent cashback.
- If you travel often or want premium benefits: The Select or Premium cards are great choices for their travel perks, lounge access, and elevated rewards.
- If you’re a high-net-worth individual: The Wealth card is tailored to offer you exclusive benefits and luxury services.
Your choice depends on your spending habits and what benefits you value most (e.g., travel perks, cashback, or premium lifestyle rewards). Do you already have a specific type in mind, or are you still exploring the options?
1. FIRST Millennium Credit Card: This credit card is free for life and offers rewards of up to 10 times for monthly purchases over ₹20,000. Additionally, you can benefit from interest-free cash withdrawals from ATMs for a maximum of 45 days.
2. FIRST Select Credit Card : It is a free credit card for life that offers free airport lounge access, a low 1.99% currency markup fee, full insurance coverage, and the potential to earn up to 10X reward points on incremental purchases over ₹25,000 per month.
3. FIRST Wealth Credit Card- Lifetime free with facility of earning up to 10X reward points on incremental spends above ₹30,000 per month and complimentary airport and railway lounge access, low forex markup fee of 1.5%, and free trip cancellation cover up to ₹10,000.
4. FIRST Classic Credit Card- Lifetime free credit card, up to 10X reward points on incremental spends above ₹20,000 per month and low interest rates starting from 8.5% per annum.
5. FIRST Power Credit Card- Annual fee is ₹199. You can get up to 6.5% savings on fuel expenses at HPCL outlets, Interest-free ATM cash withdrawals for up to 45 days.
6. FIRST Digital RuPay Credit Card- It’s a lifetime free credit card, 3X rewards on UPI spends above ₹2,000. Yon can also avail instant issuance for existing IDFC FIRST Bank customers and the ability to link the card to UPI for seamless payments.
7. FIRST WOW Credit Card- Lifetime free, Credit cards Issued against a fixed deposit, and Low interest rates starting from 8.5% per annum.
How to choose the Right Card?
For frequent Travelers: FIRST Wealth or FIRST Select cards
For Everyday Spenders: FIRST Millennia or FIRST Classic card.
Fuel Purchases: FIRST Power card.
Digital Payments Enthusiasts: FIRST Digital RuPay card.
Credit Building: FIRST WOW card.
I really like to travel a lot in foreign countries and for me IDFC First Wealth Credit Card suits best as it does not have any forex markup fee and no annual fee as well
IDFC First Wealth Credit Card is a great choice for frequent international travelers since it offers zero forex markup, making overseas transactions much more cost-effective. Plus, with no annual fee and premium perks like complimentary airport lounge access and trip cancellation cover, it’s one of the best travel-friendly credit cards in India. Definitely a solid pick!