IDFC FIRST WOW Credit Card
|
IDFC First WOW credit card is different from the other bank credit cards. The credit card does not require any proof of income and is backed by a fixed bank deposit. The digital card can be delivered almost instantly. The card comes with varied benefits for the different needs of individuals. Read on to understand the uses of this card and how to avail of it.
Key Highlights
The significant highlights of this card are as follows-
|
IDFC WOW Credit Card
Source: IDFC Bank Official Website |
|
|
Suitability |
Individuals with a low credit history |
|
Offers |
You can avail of this credit card with an FD investment of 7.5% interest rate returns |
|
Income Limit |
Nil |
|
Renewal Fee |
Rs. 0 |
Benefits and Features of IDFC WOW Credit Card
The advantages of the IDFC Wow card:
|
Rewards for Students |
|
|
Rewards for Self-Employed Individuals |
|
|
Travel Benefits |
|
Annual Fee and Charges of IDFC First WOW Credit Card
Here are the applicable fees and charges-
|
Fee |
Amount |
|
Annual Charges |
Rs. 199 |
|
Renewal Charges |
Rs. 0 |
Late Payment Fee Applicable
The late payment charge of the card is 15% of the total amount due.
Eligibility Criteria to Apply for the IDFC First WOW Credit Card
You need to meet the below conditions to avail this credit card:
|
Age |
18+ |
|
Income |
You do not have to provide income proof; instead, you need to open an FD account (the minimum amount is Rs. 2,000) |
Documents Required to Apply
The main documents you need to apply for this card are identity proofs such as PAN Card, Aadhaar Card, etc.
How to Apply for IDFC First WOW Credit Card
You can get this card through online and offline processes. For the online mode, follow the below-mentioned steps:
Step 1: Visit the official credit card page of IDFC or click on this link - https://www.idfcfirstbank.com/credit-card/wow.
Step 2: Go through the terms and conditions of the credit card; if it matches your preferences, click on the Apply Now option.
Step 3: Fill in the digital application form.
Step 4: Click on the submit option.
An SMS will notify you, or the IDFC Bank representative will call you back for further verification.
Similar Credit Cards as the IDFC First WOW Credit Card
|
Credit Card Name |
Characteristic |
|
Axis Bank Insta Easy Credit Card |
This is an FD-backed credit card where the minimum FD amount is Rs. 20,000. |
|
Kotak Mahindra Aqua Gold Credit Card |
The minimum fixed deposit amount for this credit card is Rs. 25,000. |
|
YES Prosperity Rewards Plus Credit Card |
The minimum FD amount for this credit card is Rs. 50,000. |
|
Andhra Bank Visa Classic |
This bank credit card is an FD-backed credit card; the minimum amount for the FD deposit is Rs. 10,000. |
