IDFC FIRST WOW Credit Card

  • IDFC FIRST WOW Credit Card is backed up with a Bank fixed deposit of a minimum of Rs. 2,000. 
  • The WOW credit card has a 0% Forex markup fee. 

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

WOW-Banner-Mobile-1.png

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

  • 4X reward points
  • Reward points are converted to cash
  • No annual fees or joining fees
  • Discount with 300+ merchants and 1500+ restaurants
  • Credit shield protection
  • Up to 100% withdrawal limit of the FD value
  • There is zero forex markup fee
  • Complimentary roadside assistance

Rewards for Self-Employed Individuals

  • Lower interest charges per annum
  • Travel benefits
  • Fuel surcharge waiver
  • Accident cover
  • Roadside assistance

Travel Benefits

  • There are no forex markup charges
  • Operates in all major currencies across the globe
  • Shopping offers in 300+ merchants

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. 

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