IDFC FIRST Classic Credit Card

The IDFC FIRST Classic Credit Card is available without a joining or annually fee, and it meets to all of the needs of its users. A 500-rupee gift card and 5% cashback on your first EMI transaction are included as a welcome gift. For every Rs. 150 spent on offline transactions with this card, you will receive 3 Reward Points, and for every Rs. 150 spent online, you will receive 6 Reward Points. Also, on other purchases over Rs. 20,000 in a month, you can receive up to 10 Reward Points. Apart from that, all of the transactions you make on your birthday and large purchases earn you extra reward points.

Along with Reward Points, the card offers you fantastic travel, movie, and dining benefits. You may enjoy up to 20% off dining and a 25% discount on movies, plus 4 complimentary access to train lounges per quarter. Additionally, the IDFC FIRST Classic Credit Card offers a wide range of other advantages, like free roadside assistance and insurance coverage. See the details provided below to learn every detail about the card's benefits:

Joining Fees: | Annual Fees:

Nil | Nil

Reward Type:

Reward Points

Suited For:

Travel | Shopping

Issued on:

Visa

Rating:

4.6/5

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Fees and Charges

Fees: - Joining/Annual: Lifetime Free
Best Suited For: - Travel / Shopping
Reward Type: - Reward Points
Welcome Benefits: - 599 Gift Voucher and 5% Cashback on first Emi transactions Fee on Reward Redemption: - Rs. 99 plus taxes as par redemption request.
Interest Rates: - 0.75% to 3.5% per month (42% annually)
Spend Based Waiver: - NA
Fuel Surcharge: - Waiver of 1% fuel surcharge for fuel transactions in India (up to ₹200 par month)
Foreign Currency Markup: - 3.5% of the total transaction amount (plus applicable taxes)
Cash Advance Charges: - Rs. 199
Add-on Card Fee: - Nil

Reward and Benefits

Movie & Dining: - Get up to a 20% discount on dining with your IDFC FIRST Classic Credit Card and a 25% discount on movies (up to Rs. 100) on the Paytm app once a month.
Rewards Rate: - Get up to a 20% discount on dining with your IDFC FIRST Classic Credit Card and a 25% discount on movies (up to Rs. 100) on the Paytm app once a month.
Rewards Redemption: - Reward Points can be instantly redeemed for partner stores and online purchases. 1 reward point is equal to 0.25 rupees in this case. To redeem your rewards points, you have to pay a convenience fee of Rs. 99 plus taxes.
Travel: - Get 4 complimentary access to the Railway lounge per calendar quarter. Additionally, you get complimentary roadside assistance at Rs. 1399 4 times a year.
Domestic Lounge Access: - NA
International Lounge Access: - NA
Insurance Benefits: - You are covered for personal accidents up to Rs. 2 lakh and up to Rs. 25,000 for lost card liability.
Golf: - NA
Zero Liability Protection: - If a card is reported lost or stolen in time manner, the cardholders won't be held responsible for any fraudulent transactions done using the card.

Product Details

Get liability coverage for lost cards for Rs. 25,000 and personal accident coverage worth Rs. 2 lakh.
Get Roadside Assistance for free, up to Rs. 1399
Every quarter, 4 complimentary access to the railway lounge.
Once a month, get a 25% discount, up to Rs. 100, on movie tickets through the Paytm app.
A welcome gift card worth Rs. 500 plus 5% cashback on the amount of your first EMI transaction are yours.
For every Rs. 150 you spend on your birthday, you will get 10x reward points
When you spend more than Rs. 20,000, you will get 10x Reward Points.
You get 6x Reward Points for every Rs. 150 spent on online shopping.
For every Rs. 150 spent on offline shopping, you will earn 3x Reward Points.
Over 300 partner merchant offers
There is no annual or joining fees for the card.

Pros/Cons

Pros

If you spend Rs. 15,000 or more within the first 90 days, you will receive a Rs. 500 welcome gift vouchers. Also, you get 5% cashback on the value of your first EMI transaction completed within 90 days of card generation.
You receive a personal accident cover of Rs. 2 lakhs and a lost card liability cover of up to Rs. 25,000.

Cons

There is no complimentary domestic lounge access, which is a major disappointment for travelers.
There is no complimentary access to international lounges, which greatly disappoints customers.

IDFC FIRST Classic Credit Card Features and Benefits

The IDFC First Bank offers a lifetime free card called the First Classic Credit Card. It offers several excellent benefits in several categories together with a decent reward rate. The following are some of its most significant features and advantages:

Welcome Benefits:

When you spend more than Rs. 15,000 in the first 90 days after getting your IDFC FIRST Classic Credit Card, you will receive a welcome gift voucher worth Rs. 500.
If you make your first EMI payment within 90 days of the card's setup date, you can receive 5% cashback up to Rs. 1000.

IDFC FIRST Classic Credit Card Fees/Charges

The IDFC First Classic Credit Card comes with a few of fees and charges. Among the most important are the following:

There is no annual or joining charge for the IDFC First Classic Credit Card, making it a completely free credit card for life.
This credit card has an interest rate that varies between 0.75% to 3.5% per month.
This credit card charges Rs. 199 for each cash advance transaction.
3.5% of the entire transaction value is the foreign currency markup fee for the IDFC First Classic Credit Card.

IDFC FIRST Classic Credit Card Rewards

Every Rs. 150 spent offline gets you 3x Reward Points.
For every Rs. 150 spent online, you will receive 6x Reward points.
Every Rs. 150 spent on purchases over Rs. 20,000 earns you 10x Reward Points.
Every Rs. 150 spent on your birthday earns you 10x Reward Points.
Reward Points cannot be earned for transactions such as fuel purchases, EMI transactions, loan payments, or cash withdrawals.
Reward points earned with the IDFC FIRST Classic Credit Card are lifetime.

Reward Redemption:

You may fast and simply redeem the Reward Points you earn for purchases made online or at authorized merchants.
Rs. 0.25 is the value of 1 reward point.
Rewards redemption on the IDFC FIRST Classic Credit Card is subject to a convenience fee of Rs. 99 + taxes.

Travel Benefits:

Every year, you get 16 complimentary visits to Railway Lounges (4 per quarter). Additionally, you receive four times a year, free roadside assistance worth Rs. 1399.

Movies and Dining:

On the Paytm app, you may enjoy a 25% monthly discount on movies (up to Rs. 100).
Receive up to a 20% discount while dining at more than 1,500 establishments.

Insurance:

The cardholder gets a personal accident policy of Rs. 2 lakhs.
There is coverage of Rs. 25,000 in the case of a card is misplaced.

Additional benefits:

Complimentary Roadside Assistance at least 4 times a year, valued at Rs. 1,399, is offered.
Receive savings of up to 15% at over 3000 Health & Wellness institutions.
Receive more than 300 partner merchant offers annually.

Fuel Surcharge Waiver:

All petrol pumps in India waive the 1% fuel surcharge for you. The monthly maximum surcharge waiver is limited to Rs. 200.

IDFC FIRST Classic Credit Card Eligibility Criteria

The following criteria must be met in order for an application to be approved for the IDFC First Classic Credit Card:

For this credit card, a 21-year-old minimum eligible age is needed.
The candidate must make a respectable monthly income as a self-employed or salaried worker.
The applicant should have good credit score.

Required Documents:

The following list of documents is needed in order to apply for the IDFC First Bank Classic Credit Card:

As proof of identity, you can use your passport, driver's license, PAN card, Aadhar card, or voter's ID.
Utility bills from the most recent month, a passport, or an Aadhar card as proof of address.
Also, your most recent bank statements, audited ITR, and salary slips must be submitted.

Apply for the IDFC FIRST Classic Credit Card

As you wish, you can apply offline or online for the IDFC First Classic Credit Card. To apply offline, fill out a paper application for the card by going to the closest IDFC First Bank branch with the necessary paperwork.

You must do the following few easy steps in order to apply online:

After clicking "Apply Now," proceed by providing all the required information.

Review of the IDFC FIRST Classic Credit Card

Customers who use the IDFC FIRST Classic Credit Card can take advantage of all the exclusive features and reward programs that are typical of credit cards. But the best part is that you can get all these benefits with a card that is completely free to have—that is, there's no a joining or renewal fees. Additionally, you have a good reason to select this card because of its cheap interest rates.

It offers fascinating perks in a variety of categories, including travel, dining, movies, insurance, fuel surcharge waiver, free of charge roadside assistance, and many more. As a result, if you're looking for a credit card with no annual or renewal fees, as well as exclusive Reward offers and advantages, the IDFC FIRST Classic Credit Card is an excellent alternative.

FAQs:

What is the IDFC FIRST Classic credit card's reward redemption fee?

Rewards redemption at the IDFC FIRST bank is subject to a nominal fee of Rs. 99 plus taxes.

What is the maximum benefit available through this card's fuel surcharge waiver?

With an IDFC FIRST Classic credit card, you can waive up to Rs. 200 in fuel surcharges per month.

What is the expiration date of these reward points?

With your IDFC FIRST Classic Credit Card, you can get Reward Points that never expire.

Do I get complimentary access to airport lounges with this card?

The IDFC FIRST Classic Credit Card doesn't come with airport lounge access but does offer 4 complimentary railway lounges access every quarter.

IDFC FIRST Classic Credit Card
Rating: 4.6/5