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Percentage Savings range
1%-3%
Good lifetime free card for beginners
Reward Type
Reward Points
Welcome Benefits
Worth Rs.1500 *
Minimum Income
2,50,000
Lounge Access
Not Available
Rewards
Core Rewards :
- 4% 6 Reward Points per Rs. 150 on online transactions for spends upto Rs. 20000/month (both online and offline)
- 5% cashback (up to ₹1000) on the transaction value of first EMI done within 30 days of card generation
- 2% 3 Reward Points per Rs. 150 on offline transactions for spends upto Rs. 20000/month (both online and offline)
- 2% 3X Reward points on Rental and Property management transactions
- 6.67% 10X Reward points on incremental spends above Rs. 20,000 per month and on Birthdays
Milestone Rewards :
- Monthly : N/A
- Quaterly : N/A
- Annual : N/A
No rewards on spends : Fuel, Insurance, EMI
Rewards Redemption
How to Redeem :
- Reedem your reward points on Statement Credit, Gift Voucher
Redemption options : Statement Credit, Gift Voucher
Redemption fee : Rs. 99+GST
Transfer partners : N/A
Complementary Benefits
Lounge access :
- Domestic Lounge : N/A
- International Lounge : N/A
- Railway Lounge : 4 per quarter
Insurance Benefits :
- Lost card liability : 25,000
- Personal accidental insurance : 2,00,000
- Air accidental insurance : N/A
Other Benefits :
- Lounge Membership : N/A
- Memberships Available With Cards : N/A
- Spa Benefits : N/A
Golf Benefits :
- Lessons : N/A
- Games : N/A
Fees
Joining fees : 0
Annual fees : 0
Welcome Benefits : Spend Rs. 15,000 within first 90 days & get gift voucher worth Rs. 500 ; 5% cashback up to Rs. 1000 on the transaction value of first EMI done within 90 days
Quaterly Benefits : N/A
Annual Benefits : N/A
Forex markup charges : 3.5%
Fee reversal criteria : Not Applicable
Eligibility
Minimum age : 21
Minimum ITR : 2,50,000
Minimum Salary : 20,000
IDFC First Classic Credit Card Welcome Benefits
- Rs. 500 welcome gift voucher on spending Rs. 15,000+ within 90 days.
- 5% cashback on your first EMI transaction within 90 days.
IDFC First Classic Credit Card Reward Points/Cashback
The IDFC First Classic Credit Card offers:
- Core Rewards: Earn 6 Reward Points per Rs. 150 on online transactions for spends up to Rs. 20,000/month. Get 5% cashback (up to ₹1,000) on the first EMI transaction within 30 days.
- Movie & Dining: Enjoy a 25% discount on movies (up to Rs. 100) on the Paytm app once per month. Get up to 20% discount on dining.
- Rewards Rate: Earn 3 Reward Points on every offline spend of Rs. 150 and 6 Reward Points on every online spend of Rs. 150.
- Reward Redemption: Redeem Reward Points instantly for online transactions and partner stores at a rate of 1 Reward Point = Rs. 0.25. A convenience fee of Rs. 99 plus taxes applies for redemption.
- Travel: Receive 4 complimentary Railway lounge access passes every quarter. Enjoy 4 complimentary roadside assistance services worth Rs. 1,399 annually.
- Insurance Benefits: Get a personal accident cover of Rs. 2 Lakhs and a lost card liability cover of up to Rs. 25,000.
- Zero Liability Protection: No liability for fraudulent transactions when promptly reported to the bank.
IDFC First Classic Credit Card Reward Point Redemption
Reward Point Redemption for IDFC First Classic Credit Card:
- How to Redeem: You can redeem your reward points for Statement Credit or Gift Vouchers.
- Redemption Options: Choose between Statement Credit and Gift Voucher as your redemption options.
- Redemption Fee: There is a redemption fee of Rs. 99 plus GST for each redemption transaction.
- Transfer Partners: There are no transfer partners for reward point redemption.
- Value: 1 Reward Point is equivalent to Rs. 0.25.
Pros of IDFC First Classic Credit Card
- Attractive welcome benefits.
- Cashback on your first EMI transaction.
- Movie and dining discounts.
- Redemption options for gift vouchers or statement credit.
- Complimentary Railway lounge access passes.
- Insurance benefits.
- Zero Liability Protection for fraudulent transactions.
Cons of IDFC First Classic Credit Card
- Over-limit fee for exceeding the credit limit.
- Late payment charges based on outstanding amount.
- An annual fee for the credit card.
IDFC First Classic Credit Card Benefits
- Core Rewards, welcome benefits, and milestone rewards.
- Movie and dining discounts, travel perks.
- Insurance coverage.
- Zero Liability Protection.
IDFC First Classic Credit Card Charges and Fee
- Annual Fee: Rs. 1,000.
- Over-Limit Fee: Varies based on outstanding balance.
- Foreign Transaction Fee: 3.5% of the transaction amount.
- Late Payment Charges: Vary based on the outstanding amount.
Frequently Asked Questions
- Q: How can I apply for the IDFC First Classic Credit Card?
A: You can apply for the IDFC First Classic Credit Card through the IDFC First Bank website or by visiting a branch. - Q: What is the eligibility criteria for this card?
A: The eligibility criteria typically include a minimum age, income requirement, and credit score. Check with IDFC First Bank for specific criteria. - Q: Are there any welcome benefits for this card?
A: Yes, you can get a welcome gift voucher on meeting the specified spending requirements within the initial period.
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