Welcome to our comprehensive review of the IDFC FIRST Classic Credit Card. In today’s competitive credit card market, finding the right card that caters to your needs can be a daunting task. However, the IDFC FIRST Classic Credit Card stands out with its impressive array of features and benefits. This no annual fee card is designed to provide a seamless and rewarding experience to its customers.
To start off, the IDFC FIRST Classic Credit Card welcomes you with a generous gift voucher worth Rs. 500, giving you a head start in maximizing your benefits. Additionally, it offers a 5% cashback on your first EMI transaction, allowing you to save right from the beginning.
One of the standout features of this card is its rewarding nature. With every purchase you make, you earn Reward Points that can be redeemed for a wide range of options. Offline purchases earn you 3 Reward Points for every Rs. 150 spent, while online purchases reward you with 6 Reward Points for the same amount. What’s more, if your monthly spends exceed Rs. 20,000, you can earn up to 10 Reward Points on incremental spends. The card also provides additional reward points for significant purchases and transactions made on your birthday.
Beyond its rewarding program, the IDFC FIRST Classic Credit Card offers a host of other benefits. It provides 4 complimentary Railway lounge access every quarter, ensuring a comfortable and relaxed travel experience. Moreover, you can enjoy up to 20% discount on dining at select restaurants and a generous 25% discount on movie tickets, making entertainment all the more enjoyable.
Furthermore, this card offers complimentary Road Side Assistance and Insurance benefits, providing you with peace of mind and added security during your journeys. The IDFC FIRST Classic Credit Card is tailored to meet the requirements of its customers, keeping their convenience and satisfaction at the forefront.
In this review, we will delve into the details of each benefit, providing you with a comprehensive understanding of how the IDFC FIRST Classic Credit Card can enhance your financial and lifestyle experiences. Whether you are a frequent traveler, a movie enthusiast, or simply looking to make the most out of your credit card usage, this review will help you make an informed decision.
So, join us as we explore the world of the IDFC FIRST Classic Credit Card, uncovering its features, rewards, and benefits that make it a compelling choice in the realm of credit cards.
IDFC FIRST Classic Credit Card Features and Benefits
The IDFC FIRST Classic Credit Card is a lifetime free card offered by IDFC First Bank, packed with a range of impressive features and benefits to enhance your financial and lifestyle experiences. Discover the advantages that set this card apart from the rest:
Welcome Benefits
- Welcome Gift Voucher: Receive a generous welcome gift voucher worth Rs. 500 when you spend over Rs. 15,000 within the first 90 days after receiving your IDFC FIRST Classic Credit Card.
- First EMI Cashback: Enjoy a 5% cashback, up to Rs. 1000, on your first EMI transaction if completed within 90 days after the card set-up date.
Travel Benefits
- Complimentary Railway Lounge Access: Indulge in luxury with 16 complimentary Railway Lounge accesses every year, distributed evenly at a rate of 4 per quarter.
- Roadside Assistance: Avail yourself of complimentary roadside assistance worth Rs. 1399, provided four times a year for added convenience and peace of mind.
Movie & Dining Benefits
- Movie Discounts: Delight in a 25% discount on movies, up to Rs. 100, once every month when booking through the Paytm app.
- Dining Discounts: Experience culinary delights with a discount of up to 20% at over 1,500 partner restaurants, making dining out more enjoyable.
Insurance Benefits
- Personal Accident Cover: Stay protected with a personal accident cover worth Rs. 2 lakhs, ensuring financial security in unforeseen circumstances.
- Lost Card Coverage: Rest easy knowing you are covered with Rs. 25,000 in case of a lost card, minimizing the potential impact of card theft or misplacement.
Additional Benefits
- Roadside Assistance: Enjoy complimentary Roadside Assistance worth Rs. 1,399 up to four times a year, providing support during unexpected vehicle breakdowns.
- Health & Wellness Discounts: Take care of your well-being with a discount of up to 15% at over 3000 Health & Wellness outlets, promoting a balanced and healthy lifestyle.
- Partner Merchant Offers: Access exclusive benefits with over 300+ partner merchant offers throughout the year, allowing you to save on a variety of goods and services.
Fuel Surcharge Waiver
- Fuel Savings: Benefit from a 1% fuel surcharge waiver at all fuel stations across India, with a maximum surcharge waiver capped at Rs. 200 per month. Enjoy cost savings every time you refuel your vehicle.
IDFC FIRST Classic Credit Card Rewards
The IDFC FIRST Classic Credit Card offers a rewarding experience that lets you earn valuable Reward Points on your everyday purchases. Take advantage of the following features to maximize your rewards:
- 3x Reward Points for Offline Spends: Earn 3 times the Reward Points for every Rs. 150 spent on offline purchases, allowing you to accumulate points faster when shopping at physical stores and outlets.
- 6x Reward Points for Online Spends: Make the most of your online shopping by earning 6 times the Reward Points for every Rs. 150 spent on online transactions. Whether it’s shopping for essentials or indulging in your favorite online retailers, your purchases will bring you closer to exciting rewards.
- 10x Reward Points for Purchases Above Rs. 20,000: Unlock even more significant rewards by earning 10 times the Reward Points for every Rs. 150 spent on purchases exceeding Rs. 20,000 in a billing cycle. This incentive encourages you to make substantial transactions while reaping the benefits of accelerated rewards.
- 10x Reward Points on Your Birthday: Celebrate your special day in style with the IDFC FIRST Classic Credit Card. Enjoy the advantage of earning 10 times the Reward Points for every Rs. 150 spent on your birthday, giving you an extra reason to treat yourself.
- Exclusions from Reward Points: Please note that certain transactions such as fuel purchases, EMI transactions, loan payments, and cash withdrawals are not eligible for earning Reward Points. However, the majority of your everyday purchases will contribute towards building your rewards.
- No Expiry of Reward Points: The Reward Points you earn through your IDFC FIRST Classic Credit Card will never expire. Take your time to accumulate points and redeem them for exciting rewards of your choice, ensuring that your efforts are always rewarded.
Rewards Redemption
The IDFC FIRST Classic Credit Card ensures that your hard-earned Reward Points translate into valuable benefits and savings. With a user-friendly redemption process, you can effortlessly enjoy the rewards you deserve. Here’s what you need to know about the rewards redemption system:
- Easy and Instant Redemption: Redeeming your Reward Points is a hassle-free experience, offering you the convenience of instant gratification. You have the flexibility to redeem your points seamlessly during online transactions or at partner stores, making the redemption process quick and straightforward.
- Reward Point Value: Each Reward Point holds a monetary value of Rs. 0.25. As you accumulate points through your card usage, they can be converted into their equivalent cash value, allowing you to save on future purchases or enjoy other financial benefits.
- Convenience Fee: Please note that the IDFC FIRST Classic Credit Card charges a nominal convenience fee for reward redemption. The convenience fee is Rs. 99 plus applicable taxes. While this fee applies, it ensures a streamlined process for accessing and utilising your rewards.
IDFC First Classic Credit Card Fees and Charges
The IDFC First Classic Credit Card offers a transparent fee structure, ensuring that you have a clear understanding of the associated costs. Here are the important fees and charges to consider:
- Lifetime Free Card: The IDFC First Classic Credit Card stands out as a lifetime free credit card. There are no joining fees or annual fees, providing you with the freedom to enjoy its benefits without any recurring charges.
- Interest Rate: In case of outstanding balances, the IDFC First Classic Credit Card carries an interest rate ranging from 0.75% to 3.5% per month. It’s essential to manage your credit card payments responsibly to avoid accumulating interest charges.
- Foreign Currency Markup Fee: When making transactions in a foreign currency, the IDFC First Classic Credit Card incurs a foreign currency markup fee. This fee amounts to 3.5% of the total transaction amount, reflecting the costs associated with currency conversion.
- Cash Advance Fee: If you choose to withdraw cash using your IDFC First Classic Credit Card, a cash advance fee of Rs. 199 per transaction is applicable. It’s advisable to limit cash withdrawals and explore alternative payment methods to minimize this fee.
Eligibility Criteria
To ensure a seamless application process and increase your chances of approval for the IDFC FIRST Classic Credit Card, it’s important to meet the following eligibility criteria:
- Minimum Age Requirement: The applicant should be at least 21 years old to be eligible for the IDFC FIRST Classic Credit Card. This age requirement ensures that applicants have reached the legal age for entering into a credit agreement.
- Employment Status and Income: Whether you are a salaried individual or self-employed, it is essential to have a steady monthly income. The IDFC FIRST Classic Credit Card considers applicants who can demonstrate a decent income, enabling them to manage their credit card payments responsibly.
- Credit Score: A decent credit score is an important factor in the credit card application process. The IDFC FIRST Classic Credit Card takes into consideration an applicant’s credit history and creditworthiness. A good credit score reflects a responsible repayment behavior, increasing the likelihood of approval.
Meeting the eligibility criteria sets the foundation for a successful credit card application. By fulfilling the age requirement, showcasing a stable income, and maintaining a satisfactory credit score, you enhance your chances of becoming an IDFC FIRSTClassic Credit Card holder. It’s important to review the eligibility criteria before applying and ensure that you meet the necessary qualifications for a smooth and efficient application process.
How To Apply For The IDFC First Classic Credit Card?
Applying for the IDFC First Classic Credit Card is a straightforward process that offers both online and offline options. Follow these simple steps to apply for the card and take advantage of its benefits:
- Offline Application: If you prefer applying in person, visit your nearest IDFC First Bank branch. Collect all the necessary documents required for the application process. Fill out the physical application form provided by the bank, ensuring that you provide accurate and complete information. Submit the form along with the required documents for further processing.
- Online Application: Applying for the IDFC First Classic Credit Card online is convenient and time-saving. Here’s how to proceed:
- Visit the official website of IDFC First Bank.
- Navigate to the “Credit Cards” section on the website.
- Look for the “Classic” option, which corresponds to the IDFC First Classic Credit Card.
- Click on the “Apply Now” button to initiate the online application process.
- Fill in all the necessary details as requested in the application form.
- Double-check the information provided for accuracy and completeness.
- Submit the completed application form online.
Whether you choose to apply offline or online, it’s important to ensure that you have all the required documents ready for submission. These may include identification proof, address proof, income documents, and other supporting papers as specified by the bank. Following the application submission, the bank will review your application and, if approved, provide further instructions regarding the card issuance and delivery process.
Applying for the IDFC First Classic Credit Card is a convenient and accessible process, allowing you to enjoy the card’s features and benefits in a seamless manner.
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FAQs
Does the IDFC FIRST Classic Credit Card have an annual fee?
No, the IDFC FIRST Classic Credit Card is a lifetime free credit card, which means there are no annual fees associated with it.
What are the reward benefits offered by the IDFC FIRST Classic Credit Card?
The IDFC FIRST Classic Credit Card offers reward points for various transactions. You can earn 3x reward points for every offline spend of Rs. 150, 6x reward points for every online spend of Rs. 150, and 10x reward points for purchases above Rs. 20,000 or on your birthday.
What is the interest rate charged on the IDFC FIRST Classic Credit Card?
The interest rate on the IDFC FIRST Classic Credit Card ranges from 0.75% to 3.5% per month, depending on the outstanding balance.
How can I contact customer support for the IDFC FIRST Classic Credit Card?
For any queries or assistance regarding the IDFC FIRST Classic Credit Card, you can reach out to the customer support helpline provided by IDFC First Bank or visit their official website for more contact information.
Conclusion
The IDFC FIRST Classic Credit Card stands out by offering a comprehensive range of exclusive benefits and rewarding offers to its customers, meeting and exceeding expectations of a credit card. What sets this card apart is that it comes at no cost to you – there are no joining or renewal fees involved. Additionally, its low-interest charges further contribute to its appeal, giving you a compelling reason to consider this card.
When it comes to benefits, the IDFC FIRST Classic Credit Card delivers exciting advantages across various categories, catering to your travel, dining, movies, insurance, fuel surcharge, and roadside assistance needs, among others. With this card, you can enjoy a wide array of perks tailored to enhance your experience. If you’re seeking a credit card that offers a combination of no joining or renewal fees, exclusive reward offers, and a host of benefits, the IDFC FIRST Classic Credit Card presents itself as an excellent choice for you.
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