IDFC First Bank is one of the financial institutions which used to issue lifetime free credit cards till recently when the bank started collaborating with other brands to issue cards that are paid. All the credit cards by IDFC have always generously offered users with great benefits and rewards. The benefits are huge but they do not come in just one credit card. It is not necessarily convenient to get the best credit card offered by IDFC First Bank.
There are many credit cards in the market curated by the bank but to get them under your name, you need to match up with the eligibility criteria. Whichever card fits the criteria your details fit in, you receive that card. The basic criteria can involve age, salary/income, and credit score as well.
Age is a variable that is just normally used to check your legal age and to know that you are of an age where you can make reasonable decisions regarding your finances.
Salary or Income is an aspect through which your credit limit is determined. This credit limit is decided by the bank upon checking your monthly salary, which is usually 80% to 100% of that of your salary. This also implicates the options of credit cards you meet the requirements for. Since salary is a part which is not flexible or same for every other person. This means your salary also decides what type of credit cards you are eligible to apply for.
Credit Score is another aspect that helps the bank in determining the credibility of the user. The credit score also implicates your chances of getting approval from the bank. A decent credit score will result in a warm welcome whereas a bad credit score will coarse your chances of getting not only the credit card but any financial aid at a decent rate.
These aspects determine your chances of not only approval but also impact the amount of options you can get from the bank. However, if we talk about the bank's greatest offering, here is a list of the most popular credit cards by IDFC
First Bank is a series –
IDFC FIRST Millenia Credit Card
IDFC FIRST Select Credit Card
IDFC FIRST Classic Credit Card
IDFC FIRST Wealth Credit Card
IDFC FIRST WOW Credit Card
There are many other credit cards by IDFC First Bank which are quite great on their own. all the above-mentioned credit cards are lifetime free credit cards and all of them have great benefits.
IDFC FIRST bank has always provided the market with its great range of credit cards. Although many factors might implicate the bank's decision of providing you with the options you may or may not be very fond of. This decision is impacted majorly because of the eligibility criteria. If you match the criteria, you get more than enough options to choose from the best credit cards by IDFC FIRST Bank.