IDFC first bank announced on their website that they are launching range of credit cards. While these are the first proprietary IDFC First Bank Credit card products.
Before getting into details, let’s have a quick look at what is different, they coming with in credit card industry, which is already crowded.
Credit Cards Come With:
1. Low Interest credit cards (9% p.a.)
2. Lifetime Free Credit Cards
3. No Expiry of reward points
4. No charges for cash withdrawal (₹.250 w/d fee applicable)
5. Railway lounge access (all cards)
6. Get up to 10x Reward points
Credit Card Variants
FIRST Millennia Card:
You can get more rewarding – with 10X Reward Points on spends greater than ₹20,000, 6X rewards on all online spends, complimentary for life & interest-free credit for purchases and cash withdrawals.
Your reward points are:
Never Expiring | Unlimited | Easy to redeem
• 10X Reward Points on all Spending above ₹20,000
• 6X Reward Points on Online Spending
• 3X Reward Points on all Offline Spending
• Your reward points are not capped and they don’t expire, ever !
• Birthday Special
Get 10X Rewards on all spends done on your Birthday
• 1X = 1 Reward Point per ₹100 spent | 1 Reward Point = ₹0.2
FIRST Classic Credit Card:
This is designed to make your life super rewarding while using credit card.
Super Saver Benefits:
• Interest free cash withdrawal from ATMs for upto 48 days
• Low Interest Rate (% APR), starting at 0.75% p.m. (9% annually)
• NIL Overlimit fees, NIL Addon charges
• NIL Reward redemption fees
FIRST Select Credit Card:
Your Premium Life made more rewarding with up to 10X rewards on spending more than ₹20,000, 6X rewards on all online spends, 3X rewards on all other spends. Travel hassle free with lower forex markup at 1.99%, domestic and railway lounge access, road side assistance and travel insurance.Card becomes richer with buy one get one movie offers, dining discounts and other handpicked benefits round the year
FIRST Wealth Card
It provides super rewarding to suit your Premium Life.
It is FIRST of its kind – Complimentary for life, up to 10X Reward Points, 1.5% Forex Markup, Complimentary access to select Spas and Lounges at Domestic and International Airports, Travel insurance, accident cover privileges and other benefits round the year.
All this and more with industry best interest rates and interest free cash withdrawals
Benefits:
• Interest free cash withdrawal from ATMs for upto 48 days
• Low Interest Rate (% APR), starting at 0.75% p.m. (9% annually)
• NIL Overlimit fees, NIL Addon charges
• NIL Reward redemption fees
Fees & Charges:
• It is Lifetime Free
• Over limit Fee – NIL
• Credit Card Interest Rate – from 0.75% to 2.99% per month
• Reward Redemption Fees – NIL
• FX Markup – 3.5%
• Late Payment Fee – 15% of Total Amount Due (subject to Min ₹100 and Max up to ₹1,000)
• International & Domestic Cash Advance Fee – ₹250
Reward Points earning and 10X threshold not applicable for Fuel, EMI, Insurance transactions and Cash Withdrawals
Today Finance 