IDFC FIRST WOW! Credit Card
Fees
Free
Joining & annual
1st year freeReward Rate
4 Reward Points per ₹200 spent (~0.50% return); Points never expire
Welcome Bonus
100% credit limit against Fixed Deposit (Min. ₹20,000 FD required)
Lounge
No Lounge Access
Recent changes
Our Expert Take
IDFC FIRST WOW! is a secured card built for people establishing or rebuilding credit: back it with a ₹20,000 fixed deposit and get your full credit limit instantly, with zero forex markup and no income documentation required. The reward rate (4 points per ₹200, about 0.5% back) is modest, but that's not really the point of a secured card.
Reward limits
Checked 3 Oct 2026 · Bank terms
-
4 points per ₹200 on online, offline and international spends
Points only on spends up to your credit limit per billing cycle
No rewards on: Fuel, EMI, cash withdrawals. Utilities, insurance, railway and FASTag earn only 1X. Points only on spends up to your credit limit per cycle. ₹99 + GST per redemption.
Pros & Cons
Key Advantages
- 100% Lifetime Free credit card with zero joining and zero renewal fees
- 0% foreign currency markup fee on international transactions
- Instant 100% credit limit issuance against your IDFC FIRST Bank Fixed Deposit (Min ₹20,000)
- Earn 4 Reward Points per ₹200 spent; points now expire 24 months after being credited (changed from lifetime validity, effective Jul 2026)
- No income proof or credit score documentation required for approval
Limitations
- Requires opening a minimum ₹20,000 auto-renewing Fixed Deposit with IDFC FIRST Bank
- No domestic or international airport lounge access included
- Utility and insurance spends earn reduced 1 Reward Point per ₹200 spent
Key Perks & Spending Milestones
4 Reward Points per ₹200 spent on all eligible online and offline purchases
0% Forex Markup fee on all overseas and foreign currency transactions
50% discount up to ₹300 on movie tickets via BookMyShow on Visa Infinite platform
1% fuel surcharge waiver valid across all petrol pumps in India for transactions between ₹200 and ₹5,000 (capped at ₹200 per statement cycle)
Complimentary Roadside Assistance (RSA) worth ₹1,399
Personal Accident cover up to ₹2,00,000 and Card Liability cover up to ₹25,000
Spend milestone
100% Lifetime Free card with no spend targets required for fee waivers
Fees & Charges
Joining fee
Free
Annual fee
Free 1st year free
Lifetime Free credit card with zero annual or renewal fee liabilities
Interest rate
0.71% to 3.85% per month (8.5% to 46.2% per annum)
Late payment fee
up_to_100: Nil; 101_to_500: ₹100; 501_to_1000: ₹500; 1001_to_5000: ₹600; 5001_to_10000: ₹750; 10001_to_25000: ₹900; 25001_to_50000: ₹1,100; above_50000: ₹1,300
Insurance & Protection Benefits
purchase protection
Up to ₹25,000
Eligibility Criteria
age
18 years and above
employment profiles
FD-backed secured card — requires a minimum ₹20,000 auto-renewing Fixed Deposit with IDFC FIRST Bank; no credit score or income proof required
Credit score & income
No CIBIL score required (FD-backed secured card for credit building)
Frequently Asked Questions
Do IDFC FIRST WOW! Credit Card's reward points still never expire?
What's the reward rate on IDFC FIRST WOW!?
Does this card require a Fixed Deposit?
Compare IDFC FIRST WOW! Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| IDFC FIRST WOW! Credit Card This Card | Free | 4 Reward Points per ₹200 spent (~0.50% return); Points never expire | No Lounge Access | 4.5/5 |
| LIC Signature Credit Card | Free | 2 Reward Points per ₹100 on LIC premium payments & international... | 8 Domestic/yr (2/Qtr) | 4.5/5 |
| SBI Card Pulse | ₹1,499 + Taxes | 10 Reward Points per ₹100 on dining, movies, sports, chemist &... | 4 Domestic/yr (1/Qtr) | 4.4/5 |
| Apollo SBI Card SELECT | ₹1,499 + Taxes | 10 Reward Points per ₹100 on Apollo 24|7 and Apollo Pharmacy,... | 4 Domestic/yr | 4.4/5 |