IDFC FIRST Wealth Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

A card with no annual fees for your entire life, offering exciting privileges. Receive a gift voucher worth Rs. 500 when you spend Rs. 15,000 within 90 days, and enjoy 5% cashback on your first EMI transaction within 30 days of card activation. Earn 6 times the rewards on all online purchases. Get 3 times the reward points for all offline purchases up to Rs. 30,000. Earn 10 times the reward points for large purchases of Rs. 30,000 or more. Receive 10 times the reward points on all transactions on your birthday. Enjoy a low-interest rate of 0.75% - 3.5% and a low foreign currency markup of 1.5%. Receive 2 complimentary airport lounge access and spa visits every quarter. Enjoy up to 2 free rounds of golf every month if you spend Rs. 20,000 monthly. Benefit from air accident cover worth Rs. 1 crore and personal accident cover worth Rs. 10 lakh.

The IDFC FIRST Wealth Credit Card is an excellent choice for individuals who enjoy movies, shopping, and travel.

With no joining or renewal fee, it offers a range of benefits and rewards that make it worth considering.

One of the standout features of this card is the welcome benefit.

By spending over Rs. 15,000 within 90 days, cardholders can receive gift vouchers worth Rs. 500 from popular brands.

In addition, they can also enjoy a 5% cashback on the first EMI transaction made within the first 30 days.

For movie lovers, the card offers a fantastic movie dining offer on the Paytm app.

Cardholders can avail a Buy One Get One offer on movie tickets up to Rs. 250 twice every month.

Additionally, they can enjoy up to a 20% discount at over 1,500 restaurants.

When it comes to shopping, the IDFC FIRST Wealth Credit Card rewards cardholders with 3 Reward Points for every Rs. 100 spent offline and 6 Reward Points for every Rs. 100 spent online.

For spends above Rs. 30,000, they can earn 10 Reward Points per Rs. 100.

These reward points can be redeemed for a variety of options.

Frequent travelers will also appreciate the travel benefits of this card.

Cardholders can enjoy 4 free airport lounge visits each quarter and up to 2 free visits to domestic and international airport lounges per quarter.

Additionally, they can avail complimentary golf rounds each month for every Rs. 20,000 spent in the previous month, with a maximum of 2 golf rounds in a month.

The IDFC FIRST Wealth Credit Card also provides valuable insurance benefits, including accidental air death insurance worth Rs. 1 crore, personal accident coverage worth Rs. 10 lakh, and lost card liability cover worth Rs. 50,000.

These benefits provide cardholders with peace of mind during their travels.

The card does have a redemption fee of Rs. 99 plus taxes, but considering the range of benefits it offers, this fee is reasonable.

Additionally, the foreign currency markup is set at 1.5% + GST and the interest rate varies from 0.75% to 3.5% per month depending on the credit history of the card member.

Furthermore, the IDFC FIRST Wealth Credit Card offers a fuel surcharge waiver of 1% at authorized fuel stations, with a maximum waived amount capped at Rs. 400 per month.

This can help cardholders save on their fuel expenses.

It's important to note that there is a cash advance fee of Rs. 199 per transaction, so cardholders should consider this before withdrawing cash using the card.

Overall, the IDFC FIRST Wealth Credit Card is a great option for individuals who are looking for a credit card that provides excellent movie, shopping, and travel benefits.

With no joining or renewal fees, valuable welcome benefits, reward points, airport lounge access, insurance coverage, and more, this card offers a comprehensive package of features and benefits.