IDFC FIRST Bank has introduced a new premium fixed-deposit–backed credit card, the FIRST WOW! Black Credit Card, positioned as the upgraded and more feature-rich version of the existing IDFC WOW Credit Card. Priced at ₹750 + GST as both the joining and annual fee, the card offers strong value right from the start. Cardholders receive welcome benefits worth over ₹5,000 on payment of the joining fee, with exclusive travel and lifestyle offers available through the IDFC FIRST Bank app, MakeMyTrip, EazyDiner, and other partners.
One of the standout features is the dual-card advantage. Along with the physical FIRST WOW! Black Credit Card, customers also get a complimentary UPI-enabled RuPay Virtual Credit Card, linked directly to the same account. This makes everyday payments smoother, especially for users who prefer UPI. Additionally, cardholders can earn up to 3X reward points, equivalent to up to 1% value back, on their UPI spends, adding a practical rewards angle to the card’s premium positioning.
| Joining Fee | ₹750 + GST |
| Annual Fee (Second Year Onwards) | ₹750 + GST |
| Annual Fee Waiver | On Spends of ₹1.5 Lakh in a Year |
| Cash Withdrawal Interest | 0% for Up to 45 days |
| Forex Markup | 0% |
Welcome Benefits of WOW! Black Card
Cardholders can enjoy a wide range of welcome benefits, starting with ₹500 off on their first travel booking through the IDFC FIRST Bank mobile app on a minimum spend of ₹5,000, along with instant discounts of up to ₹1,500 on flights, hotels, and bus bookings via MakeMyTrip. The card also includes a 3-month complimentary EazyDiner Prime membership worth ₹1,095, a flat 10% discount up to ₹500 on Mokobara purchases, and a complimentary one-year Lenskart Gold Max membership worth ₹800.
Additionally, users earn 5% cashback up to ₹1,000 on the first EMI transaction made within 30 days of card issuance, adding even more value to the welcome package.
Reward Rate of IDFC WOW! Black Card
- Cardholders earn 4 Reward Points for every ₹150 spent across online and offline purchases, while insurance and utility payments earn 1 Reward Point per ₹150. Rewards do not apply to fuel spends, EMI transactions, or cash withdrawals.
- Cardholders earn 3 Reward Points per ₹150 on UPI transactions above ₹2,000, while UPI payments below ₹2,000 earn 1 Reward Point per ₹150. Utility and insurance payments also earn 1 Reward Point per ₹150, with rewards not applicable on fuel purchases, EMI transactions, or cash withdrawals.
- This card also offers 50 Bonus Reward Points, equivalent to a 16.7% value back, on every ₹150 spent on hotel bookings made through the IDFC FIRST Bank Mobile App.
- Cardholders earn 30 Bonus Reward Points, equivalent to 10% value back, on every ₹150 spent on flight bookings made through the IDFC FIRST Bank Mobile App.
Lifestyle Benefits
- The card offers Trip Cancellation Cover, providing reimbursement of up to ₹10,000 for the non-refundable portion of flight or hotel bookings in case of last-minute plan changes. This coverage can be used for up to two claims during the policy period.
- Get 25% off (up to ₹100) on movie tickets booked through District by Zomato, available once a month.
Bottom Line
The IDFC FIRST WOW! Black Credit Card features a sleek, modern design and delivers strong value for users starting their credit journey. With a fixed deposit of just ₹20,000, applicants can easily qualify for the card and earn meaningful rewards across online, offline, and UPI spends.
One of its standout advantages is the zero forex markup, making it an excellent option for users who may not qualify for premium or mass-market travel cards like Scapia but still want a cost-effective solution for international spending.