IDFC First Classic Credit Card: The IDFC First Classic Credit Card, is a credit card comes with a great offers and amazing benefits and also has no annual fee at the time of credit card issuing by the bank. And some premium privileges across different categories such as entertainment, lifestyle, and many more.
This card is best suited for those who are seeking a zero annual fee credit card, satisfactory rewards, low-interest rates, and good benefits. Not just Reward Points, but also this card provides you with great travel, movie & dining benefits, get complimentary Railway lounge access, and so on.
Therefore, in this article we are going to see the features and benefits of the IDFC First Classic Credit Card.
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1. IDFC FIRST Classic Credit Card Features and Benefits
The IDFC FIRST Classic Credit Card is a lifetime free card issued by the bank which comes with the exciting privileges across different categories, including travel, rewards, lifestyle, and many more.
Here we have mentioned the features and benefits offered by the IDFC FIRST Classic Credit Card:
- Welcome Benefits: As welcome gift voucher worth Rs. 500 on spending over Rs. 15,000 within the first 90 days after receiving your IDFC FIRST Classic Credit Card and a 5% cashback on your first EMI transaction up to Rs. 1000 within 90 days after the card set-up date.
- Movie Benefits: On movies up to Rs. 100 once every month, get a 25% discount on the Paytm app.
- Dining Benefits: Get a discount of up to 20% on dining across over 1,500 restaurants.
- Travel Benefits: 4 complimentary domestic and international airport lounge access i.e., combined and railway lounge access per quarter and free airport meet and greet with discounts on fast track immigration and other services at more than 450 global destinations, and great discounts on Airport limousine service in more than 3000 cities in over 80 countries.
- Fuel Surcharge Waiver: On your fuel transactions, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India, get fuel surcharge up to Rs. 200 every month.
- Zero Credit Card Lost Liability: In case, you lose your card or stolen card, you are not responsible for any fraudulent or unauthorized transactions made on your lost or stolen card once you report the loss of the card to the bank and also, get coverage of Rs. 25,000 is provided in case of a lost card.
- Insurance Benefits: The cardholder get a personal accident cover worth Rs. 2 lakhs.
- Other Benefits: You get complimentary Road Side Assistance worth Rs. 1,399 up to four times a year and a discount of up to 15% at more than 3000 Health & Wellness outlets and also, get over 300+ partner merchant offers throughout the year.
- Reward points: On all offline spends of Rs. 150, get 3x and 6x Reward Points. And 10x Reward Points, for every Rs. 150 spent on purchases above Rs. 20,000 and for every Rs. 150 spent on your birthday. The transactions does not include fuel, insurance, EMI transactions, & cash withdrawals and the reward points you earn with this card never expire.
2. IDFC FIRST Classic Credit Card Fees and Charges:
- The Joining fee charges are- NIL
- The Annual fee charges are- NIL
- The Cash withdrawal fee, Rs. 199 per transaction of the withdrawn.
- On all the Foreign currency transaction, you have to pay forex fee of 1.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 0.75% to 3.5%per month is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: Less than Rs. 100: NIL, Rs. 500: Rs. 100, Rs. 5,000: Rs. 750, Rs. 8,000: Rs. 1,250, and Rs. 10,000 and more: Rs. 1,250.
3. IDFC FIRST Classic Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for IDFC FIRST Classic Credit Card are as follows:
- The age limit for applying for this card is 21 years of age.
- The cardholder should be an Indian resident.
- The cardholder should have a stable source of income either through salary or self-employment with stable source of income.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for IDFC FIRST Classic Credit Card:
For IDFC FIRST Classic credit card you can apply either online or offline. For offline mode, you can visit your nearest IDFC Bank branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your IDFC FIRST Classic credit card:
- Step 1: Visit Official website of the IDFC Bank- www.idfcfirstbank.com
- Step 2: Select ‘credit card’ option.
- Step 3: Next, choose the ‘Classic’.
- Step 4: Enter all the requested details and providing the required documents and ‘submit’ it.
This the way in which you can apply for IDFC FIRST Classic credit card online.
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