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 Access
No Lounge Access
FindMyCard 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.
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 with lifetime validity and no expiration
- 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
Editorial Verdict
The IDFC FIRST WOW! Credit Card is ideally suited for building credit score, zero forex international spends & fd backed safety. If you want 4 reward points per ₹200 spent (~0.50% return); points never expire, this card delivers real value. The free is easily offset by the card's perks if you use it regularly. You'll generally need No CIBIL score required (FD-backed secured card for credit building) credit to be approved.
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
🚀 Milestone Spends Timeline
100% Lifetime Free card with no spend targets required for fee waivers
Fees & Charging Rates
Annual Fee Waivers
Free
💡 Lifetime Free credit card with zero annual or renewal fee liabilities
Regular Interest Charges
0.71% to 3.85% per month (8.5% to 46.2% per annum)
📅 Late Payment Fee Penalty Tiers
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
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 &... | 8 Domestic/yr + Priority Pass | 4.4/5 |
| Apollo SBI Card SELECT | ₹1,499 + Taxes | 10 Reward Points per ₹100 on Apollo 24|7 and Apollo Pharmacy; 2... | 4 Domestic/yr | 4.4/5 |