IDFC First Classic Credit Card is an entry-level card that is exceptionally rewarding
with a wide array of advantages accrue in the form of reward points, discounts,
vouchers, etc. Having this card, you can earn on all your purchases across various
brackets like fashion, dining, fuel recharge, airline tickets, movie tickets,
groceries, etc. Beyond exclusive rewards, it also aids financial well-being by
offering a lifetime free card with low-interest rates and minimal associated
charges.
It is definitely a great choice for moderate spenders who are new to credit and
eyeing high rewards across a broad spectrum of categories without paying a high
annual fee or interest rate.
Features and Benefits of IDFC First Classic Credit Card
IDFC First Classic Credit Card offers a slew of benefits. True to its name, it is a
classic card that is super rewarding. It provides exceptional benefits for free
like:
Welcome benefits
IDFC welcome its First Classic Credit Card customers with amazing benefits like:
- Welcome voucher worth Rs 500 on Rs 15,000 spent in the first
90 days of IDFC First Classic Credit Card pin generation or activation
- 5% cashback on the translation value, up to Rs 1,000, on doing
first EMI within 90 days of card generation
Reward Points
On every transaction you make using your IDFC First Classic Credit Card, you will
earn reward points. These rewards are never expiring and unlimited, and can be used
instantly to pay for your online and offline purchases.
-
10x reward points
- On incremental spending of more than Rs 20,000 per IDFC First Classic
Credit Card billing cycle
- On all transactions you do on your birthday
- 6x reward points
- On online purchases of up to Rs 20,000 in a month
-
3x reward points
- On offline transactions up to Rs 20,000 every month
Note: The value of 1 reward point is 25 paisa, i.e., you need 4 reward points for 1
rupee
Dining & Entertainment benefits
- Get up to 20% discount on your total bill on dining across
1500+ restaurants in the country
- 25% discount up to Rs 100 on movie tickets. You can avail of
this benefit once a month and by booking tickets via the Paytm Mobile App
Travel benefits
Get complimentary Railway lounge access by using IDFC First Classic
Credit Card for booking your train tickets. You can enjoy this benefit 4 times in
each quarter of the financial year.
Fuel benefits
Enjoy a 1% waiver on fuel surcharges. This benefit can be availed
at all refilling stations in the country and can be used to save up to Rs 200 per
month.
Insurance Benefits
IDFC First Classic Credit Card holders are safeguarded with 2 insurance covers from
Insurance partner United India Insurance Company Limited. These covers are:
- Lost Card Liability Cover of Rs 25,000 that will protect you
from losing your card, phishing, skimming, online fraud, etc.
- Personal Accident cover of Rs 2,00,000 covering accidental
death induced by an external, visible, and violent event that is abrupt,
unexpected, and involuntary
Other exclusive benefits
Apart from the above-mentioned IDFC First Bank Classic Credit Card benefits; there
are a few more advantages that you will get.
- Free-of-cost Roadside Assistance all across the country worth
Rs 1,399. This benefit can be used up to 4 times a year.
- Exclusive discounts and offers across 300+ partnered merchants
- Discount of up to 15% at more than 3000 Health & Wellness
outlets
- Easy EMI conversions using the IDFC mobile app
- Hassle-free balance transfer from other banks' credit cards to
IDFC
- Low interest rate of 0.75% to 3.5% per month
Fees and Charges of IDFC First Classic Credit Card
| Description |
Charges |
| Joining fees |
NIL |
| Annual/ Renewal fees |
NIL |
| Cash withdrawal fees |
Rs 250/ transaction after 48 days |
| Card replacement fees |
Rs 100 |
| Late payment fees |
15% of the total due or outstanding amount (With a minimum of Rs 100 and
maximum of Rs 1,250) |
| Fuel surcharge |
1% |
| Forex markup fees |
3.5% on all international transactions |
Eligibility Criteria for IDFC First Classic Credit Card
IDFC First Classic Credit Card stipulates basic eligibility criteria that need to be
fulfilled in order to get your application approved. Learn and make sure you comply
with all of them.
- Age:21 years or more
- Nationality: Indian resident having a current and permanent
residential address within India
- Occupation: Self-employed or salaried individuals
- Income: Net Monthly Income should be more than Rs 25,000
- Credit Bureau History: Good credit bureau score with no history
of defaulting on loans or missing loan or credit card payments
Documents required for IDFC First Classic Credit Card
Eligible applicants can move ahead with the application. The following documents are
required to be attached with the credit card form.
-
Identity Proof (any of the following):
- PAN Card
- Aadhaar card
- Driver’s Licence
- Passport
- Voter’s ID
- Overseas Citizen of India Card
- Person of Indian Origin Card
- Job card issued by NREGA
- Letters issued by the UIDAI or any other government-approved photo ID
proof
- Address Proof (any one of the following):
- Aadhaar card
- Driver’s Licence
- Passport
- Utility Bill not more than three months old
- Ration Card
- Property Registration Document
- Person of Indian Origin Card
- Job card issued by NREGA
- Bank Account Statement or any other government-approved address proof
-
Income Proof (any one of the following):
- Latest one or two salary slips (not more than three months old)
- Latest Form 16
- Last three months’ bank statement
IDFC First Classic Credit Card Limit
IDFC First Classic Credit Card limit is not specified and varies from person to
person. It is decided by bank authorities taking many factors into consideration.
The key factors are an individual's income and CIBIL Score. Other than that, the
bank also pays attention to the repayment habits of the applicant, their card
utilisation, etc.
While banks reach out to the cardholders themselves in case they are eligible for a
higher limit, there are some tips that you can follow to get it increased.
- If your income has increased from the time of filling out the application, you
can submit the latest payslips
- Increase your credit score by repaying your credit card debt on time without any
delay
- Be a loyal customer and hold the credit card for longer duration
- Reduce your fixed debts by repaying them to create a good impression
FAQs
What are the current offers available on IDFC FIRST Bank credit cards?
IDFC FIRST Bank credit cards are loaded with benefits, discounts, and offers. You
will get exciting benefits across multiple categories like travel, dining,
movies, fuel surcharge waiver, insurance, and more. Also, IDFC credit card cash
withdrawal charges are minimal, making it extremely beneficial.
What are the eligibility criteria to apply for an IDFC FIRST Bank Credit Card?
Eligibility conditions that you need to meet are:
- Age: 21 years or above
- Occupation: Salaried/Self-employed
- Income: More than Rs 25,000 every month
- Residence: Indian resident with Indian address
- Credit History: Good CIBIL score
Does IDFC First Classic Credit Card have an airport lounge access?
No, you won’t get IDFC First Classic Credit Card airport lounge access. Rather
you get 4 railway lounge visits every quarter.
How can I apply for IDFC First Classic Credit Card?
If you are interested in IDFC First Classic Credit Card, you can easily apply for
the card through BankKaro. Visit the IDFC First Classic Credit Card page and
click “Apply Now”. Then, provide the necessary information and complete the
application by attaching the required documents. Once your application gets
approved by the bank, you will receive your credit card.
What is the joining fee for IDFC First Classic Credit Card?
No, there are no IDFC First Classic Credit Card charges. It is a lifetime free
card with no joining or annual charges.
