Unlike other Credit Card issuers who provide several credit card options across categories, IDFC only provides 4 credit card options offering lucrative reward points and other lifestyle benefits. These credit cards are IDFC FIRST Millennia, IDFC FIRST Classic, IDFC FIRST Select, and IDFC FIRST Wealth. Even though the number of credit cards provided by the bank is less in number, the benefits are top-notch and specifically curated to cater to the needs of their customers.
IDFC Credit card benefits not only include lucrative reward points but also offer benefits across a wide variety of categories like traveling, dining, shopping, etc. Let us talk about the top 5 benefits of IDFC First Bank Credit Card:
1) Cost of the Card: IDFC FIRST bank Credit cards might be one of the most cost-effective options for you. As all the four credit cards provided by the bank come under the category of lifetime free credit cards i.e they do not carry a joining or an annual fee. Many other fees and APRs are also relaxed. For Eg- The IDFC FIRST select credit card offers a minimal interest rate ranging from 0.75%- 2.99% per month, also there is no over limit fee associated with the card.
2) Easy Application: The application process of IDFC FIRST Bank credit cards is quite simple. You can directly apply for their credit cards via their official website which is www.idfcfirstbank.com. The eligibility criteria for the applicants is also relaxed in terms of minimum income, age, nationality, etc. Highlighting the minimum income required to apply for IDFC credit cards which are considerably affordable for almost all segments of the society.
3) Rewards & Cashbacks: Even with no joining and an annual fee, the rewards are quite lucrative. There is no reward point redemption fee charged. Below given are the example of reward offers by IDFC FIRST Bank Credit Card:
- 10X Reward points on spending done on your birthday.
- 10X RP on expenditures above Rs. 20,000
- Earn up to 3X & 6X spends on in-store and online purchases respectively.
Apart from the reward points, there are many other benefits provided as well like fuel surcharge waiver, complimentary lounge access, discounted coupons, complimentary golf rounds, etc.
4) Insurance & Coverages: The IDFC FIRST Bank Credit Card protects against many risks like Personal accident Coverage, Comprehensive travel insurance, automobile insurance, complimentary lost card liability cover of up to Rs. 50,000 etc. These covers and insurances contribute towards a safer credit card experience.
5) Caps & Expiration: The rewards provided by IDFC FIRST Credit Cards do not have any maximum cap on how many points you can earn within a stipulated period which means you can earn unlimited rewards. There is no expiration period for the rewards earned with your card, you can use or redeem the points whenever you want, as per your convenience.
Additional Reading - What Is A Good Credit Score?
