{"id":3123,"date":"2022-02-03T07:26:41","date_gmt":"2022-02-03T07:26:41","guid":{"rendered":"https:\/\/bankkaro.com\/blog\/?p=3123"},"modified":"2022-10-03T07:18:39","modified_gmt":"2022-10-03T07:18:39","slug":"idfc-first-wealth-credit-card-review","status":"publish","type":"post","link":"https:\/\/bankkaro.com\/blog\/idfc-first-wealth-credit-card-review\/3123\/","title":{"rendered":"IDFC First Wealth Credit Card Review"},"content":{"rendered":"\n<p>IDFC First Wealth credit card is a super premium credit card with customer-centric features like Interest-free cash withdrawals on domestic and international ATMs for up to 48 days, Buy one, get one offer on movie tickets up to \u20b9 500 on Paytm, and Complimentary Roadside Assistance worth \u20b9 1,399.<\/p>\n\n\n\n<p>This lifetime free card has various offers and discounts like discounts on hotels, Coursera, Udemy, and edX. Here is our review of the IDFC First Wealth credit card where we deep dive into the pros, cons, rewards, cash back, and more. We attempt to answer whether this is the card for you or not.<\/p>\n\n\n\n<h2 id=\"fees-and-charges\" class=\"wp-block-heading\"><strong>Fees and Charges<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-gray-200-background-color has-background has-fixed-layout\"><thead><tr><th>Lable<\/th><th>Fees<\/th><\/tr><\/thead><tbody><tr><td>Joining Fees <\/td><td>Zero&nbsp;<\/td><\/tr><tr><td>Annual Fees<\/td><td>NIL (Lifetime Free credit card)<\/td><\/tr><tr><td>Interest Rate<\/td><td>Varies from 0.75% to 3% per month based on customers (9% to 36% per annum)<\/td><\/tr><tr><td>Markup Fees<\/td><td>1.5% applicable on all foreign transactions&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"pros-and-cons\" class=\"wp-block-heading\"><strong>Pros and Cons<\/strong><\/h2>\n\n\n\n<p>The IDFC First Wealth comes with a host of features and privileges across various spending categories like shopping, wellness, entertainment, dining, and fuel. It is one of the cards with the lowest interest rate and offers multiple lifestyles and travel benefits.<\/p>\n\n\n<div class=\"i2-pros-cons-icons i2-pros-cons-main-wrapper theme-i2pc-theme-03 no-title no-button has-space-between-column no-outer-border has-round-corner no-heading-icon\"><div class=\"i2-pros-cons-wrapper\"><div class=\"i2-pros\"><strong class=\"i2-pros-title\">Pros<\/strong><div class=\"section\"><ul class='has-icon'><li><i class='icon icon-thumbs-o-up'><\/i>Reward points for select merchandise and coupons can be redeemed at no extra cost.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Earned rewards points do not expire.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>5% cashback on the first EMI transaction within first 90 days of card issuance.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Interest-free cash withdrawal upto 48 days.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Lost card liability of upto \u20b9 50000 and complimentary personal insurance cover of upto \u20b9 10 Lakhs.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Reward points can be used to instantly pay for online and offline store purchases.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>1% fuel surcharge waiver at all fuel stations across India.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Welcome vouchers worth \u20b9 500 on spending \u20b9 15000 in the first 90 days.<\/li><\/ul><\/div><\/div><div class=\"i2-spacer\"><\/div><div class=\"i2-cons\"><strong class=\"i2-cons-title\">Cons<\/strong><div class=\"section\"><ul class='has-icon'><li><i class='icon icon-thumbs-o-down'><\/i>Premium features like concierge service and unlimited golf rounds are not offered.<\/li><li><i class='icon icon-thumbs-o-down'><\/i>Complimentary priority pass membership is unavailable.\u00a0<\/li><li><i class='icon icon-thumbs-o-down'><\/i>No reward points are awarded on spending on insurance and related products.<\/li><\/ul><\/div><\/div><\/div><\/div>\n\n\n<h2 id=\"rewards-and-cashbacks\" class=\"wp-block-heading\"><strong>Rewards and Cashbacks<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>4 complimentary domestic and international airport lounge visits per quarter<\/li><li>10X reward points on spending over \u20b9 20000 per month and birthday purchases.<\/li><li>6X reward points on online spends<\/li><li>4 complimentary railway lounge access in a calendar quarter.<\/li><li>Free Roadside Assistance (RSA) worth \u20b9 1,399<\/li><li>Instant EMI conversion for all purchases above \u20b9 2500.<\/li><li>Complimentary air accident insurance worth \u20b9 1 Cr.<\/li><li>10 reward points on every \u20b9 100 spent on this card.<\/li><li>Comprehensive Travel Insurance Cover of \u20b9 22500.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-499968f5 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50\"><a class=\"wp-block-button__link has-red-background-color has-background\" href=\"https:\/\/ckaro.in\/NTQwMDM=\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Apply for IDFC First Wealth Credit Card  <\/a><\/div>\n<\/div>\n\n\n\n<h2 id=\"who-should-get-an-idfc-first-wealth-credit-card\" class=\"wp-block-heading\"><strong>Who Should Get an IDFC First Wealth Credit Card?<\/strong><\/h2>\n\n\n\n<p>IDFC First Wealth credit card is good for occasional frequent flyers as it comes with complimentary domestic and international lounge access. In addition to this, railway lounge and spa memberships are also offered.<\/p>\n\n\n\n<p>It may be helpful for high-spending customers as accelerated rewards are offered upwards of \u20b9 20000 per month. The card offers rewards in categories like fuel, wellness, shopping (online\/offline), travel, and entertainment. The reward rate is decent and on the higher side compared to cards in this category.\u00a0<\/p>\n\n\n\n<h2 id=\"eligibility-criteria-for-idfc-first-wealth\" class=\"wp-block-heading\"><strong>Eligibility Criteria for IDFC First Wealth<\/strong><\/h2>\n\n\n\n<p><strong>A. <\/strong><strong><br><\/strong>Age: 21 years to 60 years.<\/p>\n\n\n\n<p><strong>B. Occupation<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Self-employed Individuals<\/li><li>Salaried individuals<\/li><\/ol>\n\n\n\n<p><strong>C. Income<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>More than \u20b9 25,000 per month (Scheduled to change)<\/li><\/ol>\n\n\n\n<p><strong>D. ID Proof (any one of the following)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>PAN Card<\/li><li>Aadhaar card<\/li><li>Driver&#8217;s License<\/li><li>Passport<\/li><li>Voter&#8217;s ID<\/li><li>Overseas Citizen of India Card<\/li><li>Person of Indian Origin Card<\/li><li>Job card issued by NREGA<\/li><li>Letters issued by the UIDAI or any other government-approved photo ID proof<\/li><\/ol>\n\n\n\n<p><strong>E. Address Proof (any one of the following)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Aadhaar card<\/li><li>Driver&#8217;s License<\/li><li>Passport<\/li><li>Utility Bill not more than three months old<\/li><li>Ration Card<\/li><li>Property Registration Document<\/li><li>Person of Indian Origin Card<\/li><li>Job card issued by NREGA<\/li><li>Bank Account Statement or any other government-approved address proof<\/li><\/ol>\n\n\n\n<p><strong>F. Income Proof (any one of the following)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Latest one or two salary slips (not more than three months old)<\/li><li>Latest Form 16<\/li><li>Last three months&#8217; bank statement<\/li><\/ol>\n\n\n\n<p><strong>G. Income Proof:<\/strong> Internal Policy criteria are based on bureau history, any existing Bank relationship, customer demographics, and credit exposure.<\/p>\n\n\n\n<p><strong>Similar Blogs<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/bankkaro.com\/blog\/idfc-first-select-credit-card-review\/3080\/\" data-type=\"URL\" data-id=\"https:\/\/bankkaro.com\/blog\/idfc-first-select-credit-card-review\/3080\/\">IDFC first selects credit card eligibility<\/a><\/li><li><a href=\"https:\/\/bankkaro.com\/blog\/idfc-first-classic-credit-card-review\/3087\/\" data-type=\"URL\" data-id=\"https:\/\/bankkaro.com\/blog\/idfc-first-classic-credit-card-review\/3087\/\">IDFC first classic credit card review<\/a><\/li><li><a href=\"https:\/\/bankkaro.com\/blog\/idfc-first-millennia-credit-card-review\/3034\/\" data-type=\"URL\" data-id=\"https:\/\/bankkaro.com\/blog\/idfc-first-millennia-credit-card-review\/3034\/\">IDFC first millennia credit card limit<\/a><\/li><\/ul>\n\n\n\n<h2 id=\"conclusion\" class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>IDFC First Wealth credit card is loaded with unique features and privileges. It offers benefits like interest-free cash withdrawal, accelerated domestic and international spending rewards, exclusive dining discounts, and 50+ in-App discount offers.&nbsp;<\/p>\n\n\n\n<p>It may not be a good choice for customers looking forward to unlimited airport lounge access and priority pass membership. It also lacks unlimited rounds of Golf and other such features usually available with other super-premium cards from Axis, HDFC Bank, Citi, and more. You could, however, make a 2.5% return on your spending with the IDFC First Wealth, which is decent given the card is lifetime free.<\/p>\n","protected":false},"excerpt":{"rendered":"IDFC First Wealth credit card is a super premium credit card with customer-centric features like Interest-free cash withdrawals&hellip;\n","protected":false},"author":5,"featured_media":3128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[11],"tags":[24,30],"class_list":{"0":"post-3123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-reviews","8":"tag-credit-cards","9":"tag-idfc-first-bank","10":"cs-entry","11":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/comments?post=3123"}],"version-history":[{"count":6,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3123\/revisions"}],"predecessor-version":[{"id":5961,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3123\/revisions\/5961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/media\/3128"}],"wp:attachment":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/media?parent=3123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/categories?post=3123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/tags?post=3123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}