By Uday Devgan
Updated On September 20, 2022

The IDFC FIRST WoW Credit Card is a Secured credit card issued by the IDFC Bank, having tons of features, and providing great benefits for the cardholders. The card comes with ZERO Joining Fees and Renewal fees, which means that the FIRST Wow Card is a completely lifetime free card. On top of that, the great thing is that the foreign markup fee with the WoW Card is also ZERO, which is not there in other IDFC FIRST Credit cards. Therefore, you do not have to pay any charges or fees on international transactions. The card offers 4 Reward points on every other spend and the points you earn are valid for a lifetime, which means they do not expire at any point. You can use them to redeem vouchers, deals, and much more anytime. It also comes with a Welcome benefit of 5% Cashback and offers a 1% Fuel surcharge waiver.

Apart from this, you also get Personal Accident and Card Liability cover of up to Rs. 2 Lakh and Complimentary Roadside Assistance worth Rs. 1,399 4 times a year. Also, enjoy great dining benefits and even discounts at 3000+ Health & Wellness outlets. The card offers easy and convenient EMI options for transactions above Rs. 2,500. Keep reading for a more detailed review of the card:

(4.5/5)

Best Suited For

Dining | Shopping |

Joining Fee

NIL

Reward Type

Reward Points |

Product Details

  • Lifetime Free Credit card.
  • Earn 4X Reward Points on every spend
  • Unlimited Reward Points that never expire
  • 0% Foreign transaction markup fee.
  • Get 5% Cashback up to Rs. 1,000 on the first EMI transaction done
  • Get 20% discount at 1500+ restaurants
  • Get 15% discount at 3000+ Health & Wellness outlets
  • Get 1% Fuel surcharge waiver
  • Insurance cover for Personal Accident, Card Liability cover and many more.
  • 4 Complimentary Roadside Assistance worth Rs. 1,399

Rewards and Benefits

Welcome Benefits

Enjoy 5% Cashback up to Rs. 1,000 on the first EMI transaction done within 90 days of card activation.

Movie & Dining

20% discount at 1500+ restaurants with IDFC FIRST WoW Credit Card.

Rewards Rate

Earn 4X (4RP) Reward Points on every spend

Reward Redemption

Use the earned Reward Points to instantly pay for online or in-store purchases. 1X = 1 Reward Point per Rs. 100 spent therefore, 1 Reward point = Rs. 0.25

Travel

NA

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

Personal Accident, Card Liability cover and many more.

Zero Liability Protection

You will not be liable for any fraudulent transactions made on your card if the loss is reported to the bank in a timely manner.

Fees & Charges

Joining Fee

NIL

Renewal Fee

Nil

Spend based Waiver

NA

Rewards Redemption Fee

Rs. 99 per redemption transaction

Rewards Redemption Fee

Rs. 99 per redemption transaction

Foreign Currency Markup

NIL

Interest Rates

0.75% – 3.5% p.m. (9% – 42% p.a.)

Fuel Surcharge

1% fuel surcharge waiver (up to Rs. 200 per statement cycle)

Cash Advance Charge

Rs. 250

Add-on Card Fee

Nil

IDFC FIRST WoW Credit Card Features and Benefits

The IDFC FIRST WoW Credit Card has many exceptional features and benefits, like welcome benefits, reward rate, fuel surcharge waiver, and many more. Following is the list of benefits offered with the WoW Card:

Welcome Benefit

Get 5% Cashback up to Rs. 1,000 on the first EMI transaction done within the 90 days of card activation. NOTE that the cashback is applicable on direct EMI purchases or on the transaction converted to EMI.

Dining & Health Benefits

With IDFC FIRST WoW Credit Card you can enjoy up to a 20% discount at more than 1500 restaurants. To avail this offer, confirm with the restaurant on the IDFC FIRST Bank Card dining discount offer. Use your IDFC FIRST Wow Credit Card for the payment to avail of the benefit. Visit here to know more.

Also, you can get up to 15% discount at more than 3,000 Health & Wellness outlets.

Fuel Surcharge Waiver

You get a 1% fuel surcharge waiver across all the fuel stations in India. You can avail of a maximum benefit of Rs. 200 per month through the fuel surcharge waiver on IDFC FIRST WoW Credit Card.

Zero Forex Markup Fee

The IDFC FIRST WoW Credit Card comes with Zero foreign markup fees, you do not have to pay any charges or fees on international transactions. This is a great advantage of this card, as the other secured credit cards generally charge 3.5% as the Foreign Markup fees on all international transactions.

Insurance Benefits

Following table lists the Insurance covers provided with the IDFC FIRST WoW Credit Card:

Insurance Cover Sum Insured
Personal Accident Rs. 2,00,000
Card Liability Cover Rs. 25,000
Credit Shield Cover Rs. 25,000
Purchase Protection Rs. 25,000

Read more about the insurance benefits on the IDFC FIRST’s website. All the benefits mentioned above are subject to terms and conditions levied by the IDFC FIRST, read all terms and conditions carefully.

Road Side Assistance

IDFC FIRST WoW Credit Card comes with 4 complimentary Road Side Assistance all over India with the Global Assure. The features included in the Road Side Assistance are Towing of Vehicle, Alternate Battery, Tyre Change, Breakdown support, Taxi Benefit, Arrangement of fuel, and much more.

Note that there are few instructions/conditions in general for the Roadside assistance and specific conditions associated with each Feature and help provided with the same. Go through each and every condition mentioned on the Bank’s Website.

Easy EMI Options

With IDFC FIRST WoW Credit Card you can instantly convert your transactions above Rs. 2,500 into easy & convenient EMI plans. EMI option can be availed on the bank’s OTP page for online transactions and on the IDFC FIRST Mobile Banking App, all transactions are eligible for EMI. Note that the EMI option is not available for jewelry purchases.

IDFC FIRST WoW Credit Card Rewards

With IDFC FIRST WoW Credit Card earn 4X (4RP) Reward Points on every spend you make on the card. The Reward Points you earn never expire on the WoW Card.

Reward Redemption

You can use the earned Reward Points to instantly pay for online or in-store purchases and Redeem for Gift Vouchers of your choice.

1X = 1 Reward Point per Rs. 100 spent therefore, 1 Reward point = Rs. 0.25

IDFC FIRST WoW Credit Card Fees & Charges

The fees associated with the IDFC FIRST WoW Credit Card are as follows:

  • Annual Fee: IDFC charges no Joining or Renewal Fees for the IDFC FIRST WoW Credit Card, which makes the card lifetime free.
  • Interest Rate: An interest rate of 0.75% – 3.5% p.m. (9% – 42% p.a.) is applicable on the due amount on the card. These charges are very low as compared to other Secured cards.
  • Cash Advance Fee: IDFC Bank levies a cash withdrawal fee of Rs. 250 on cash withdrawals with the card from ATMs.
  • Forex Mark-up Fee: There is no Forex Mark-up Fee with IDFC FIRST WoW Credit Card.

IDFC FIRST WoW Credit Card Eligibility Criteria

The following table lists the requirements for an individual to be eligible to apply for the IDFC FIRST WoW Credit Card:

Criteria Description
Age Applicant must be 18 years or above in age to apply for the IDFC FIRST WOW! Credit Card.
Residency Applicant must be an Indian resident and have a permanent residential address within India. (IDFC FIRST Bank maintains a list of cities that are allowed for sourcing)
Fixed Deposit The applicant must have a fixed deposit in his/her name with the IDFC FIRST Bank.

The Fixed Deposit Amount should be at least Rs. 5,000

Fixed Deposits should be in cumulative/re-invest and auto-renewed mode.

How To Apply For The IDFC FIRST WoW Credit Card?

You can apply for the IDFC FIRST WoW Credit Card online on the Bank’s official website. Go to the Website, then go to the Credit Card section and look for FIRST WoW credit card. Open the card, and look for the ‘Express Interest’ Button on the page, enter your details there.

Documents Required

To apply for the WoW card you will need to submit identity proof, address proof (like Aadhar card, Voter card, driving license, etc.) and must have a Fixed deposit of at least Rs. 5,000 with the IDFC Bank.

IDFC FIRST WoW Credit Card Bill payment

Follow the following methods to pay your WoW card bill payments in timely manner:

Net Banking or Debit Card Payments make a credit card payment through debit card or net banking using your bank account either through net banking or using your debit card details.

UPI Payments, for instant payment through UPI, open a UPI-enabled banking app/BHIM app and follow these steps:

  • Go to the UPI section, then click Send Money
  • Enter ‘<your 16-digit card number>[email protected]’ as UPI ID.

IMPS/NEFT Payments, make instant payments via IMPS/NEFT using the below-mentioned Payee/Beneficiary details:

  • Payee Name: Name as on your IDFC FIRST Bank Credit Card
  • Payee Account Number: Your 16-digit IDFC FIRST Bank Credit Card number
  • Bank Name: IDFC FIRST Bank
  • IFSC Code: IDFB0010225

Cards Similar To IDFC FIRST WoW Credit Card

Benefits IDFC FIRST WoW Credit Card ICICI Bank Instant Platinum Credit Card Kotak 811 #DreamDifferent Credit Card
Annual Fees NIL NIL NIL
Rewards Rate 4X (4RP) Reward Points on every spend. 2 Reward Points on every spend of Rs. 100. 1 Reward Points on every spend of Rs. 100 and 2 Reward Points on every online spend of Rs. 100.
Reward Redemption Redeem your Cashpoints to instantly pay for online or in-store purchases.

1 Reward point = Rs. 0.25.
Redeem your Cashpoints for gifts/shopping vouchers and for purchasing products from the Rewards Catalog.

1 Reward Point = Re. 0.25.
Redeem your Cashpoints against movie tickets, cashback, and many more categories.

1 Reward Point = Rs. 0.25.
Additional Benefits 5% Cashback up to Rs. 1,000 on the first EMI transaction done within the 90 days of card activation as a welcome benefit.

20% discount at more than 1500 restaurants and 15% discount at more than 3,000 Health & Wellness outlets.

Zero foreign markup fees and Zero interest on ATM Withdrawal.

4 complimentary Road Side Assistance all over India with the Global Assure. Personal Accident, Card Liability cover, and many more.
15% discount or more on dining with the ICICI Bank Culinary Treats Programme and 25% on movie tickets on BookMyShow. 500 bonus Reward Points as a welcome benefit on spending Rs. 5,000 or more within the first 45 days after card issuance.

Cashback of Rs. 750 and 4 complimentary PVR movie tickets on pending Rs. 75,000 or more.

1.8% railway surcharge waiver on booking through it.co.in. and 2.5% railway surcharge waiver on Indian railway booking counters.

Conclusion

The IDFC FIRST WoW Credit Card is a very attractive and beneficial option if you are looking for a secured credit card. There are no joining or renewal fees, no foreign transaction markup, no interest on ATM Withdrawal, and very low-interest rates. Features like these are rarely found on any credit card. Even other secured credit cards like ICICI Bank Instant Platinum Credit Card and Kotak 811 #DreamDifferent Credit Card do not show such features. Apart from earning interest on your fixed deposit, the card also offers reward points on every transaction you do, and these reward points never expire. You can choose to redeem these points whenever you wish to. The welcome benefits, fuel surcharge wavier benefits, and dining benefits with the card are very exciting. Also, the card offers insurance covers and roadside assistance too. So, if you are looking for a secured card with these many benefits with no fees, then the IDFC FIRST Credit card is the best choice for you. That was the review of the card from our side, let us know your views in the comment section below!

FAQs:

In order to apply for the IDFC FIRST WoW Credit Card the applicant needs to have a fixed deposit in his/her name with IDFC FIRST Bank for at least Rs. 5,000.

No, the joining and the renewal fees for the IDFC FIRST WoW Credit Card is completely NIL, and there are no hidden charges or any type of condition with it.

No, only the cash advance fee of Rs. 250 is applicable on the transaction of cash withdrawals and there is no interest charges on the same.

Yes, you can covert any transaction into an EMI to get the 5% cashback. Moreover, you can avail the cashback on any direct EMI purchase too.

No, Rewards points are not applicable on Fuel, Insurance, EMI transactions and Cash withdrawals.

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