IDFC FIRST Classic Credit Card

IDFC Classic Credit Card Features and Benefits

The First Classic Credit Card from IDFC First Bank is a lifetime-free card. It offers a decent reward rate and a range of benefits across categories. Some of its most important features and benefits are as follows:

Welcome Benefits

• You get a welcome gift voucher worth ₹500 on spending over ₹5,000 within the first 30 days after receiving your IDFC FIRST Classic Credit Card.
• Get a 5% cashback on your first EMI transaction up to ₹1,000 (if it is made within 30 days of the card set-up date).

Travel Benefits

You get 16 complimentary Railway Lounge access every year (4 per quarter). You also get complimentary roadside assistance worth ₹1399 four times a year.

Movie Benefits

On the District app, you get a 25% discount on movies (up to ₹100) once every month.

Insurance Benefits

• A personal accident cover worth ₹2 lakhs is given to the cardholder.
• Coverage of Rs. 25,000 is provided in case of a lost card.

Other Benefits

• You get complimentary Roadside Assistance worth ₹1,399 up to four times a year.

Fuel Surcharge Waiver

You get a 1% fuel surcharge waiver across all fuel stations in India. The maximum surcharge waiver is capped at ₹200 per month.

IDFC FIRST Classic Credit Card Rewards

• 10X Reward Points per ₹200 spent on dining, travel & international transactions from the first eligible transaction (2.5% return).
• 3X Reward Points per ₹200 spent on all other eligible transactions (0.75% return).
• 1X Reward Points per ₹200 spent on insurance, utilities, railways & FASTag recharges (0.25% return).
• UPI transactions earn 1X Reward Points per ₹200 spent up to ₹2,000 and 3X Reward Points per ₹200 spent above ₹2,000.
• No Reward Points on fuel, EMI transactions & cash withdrawals.
• 1 Reward Point = ₹0.25 redemption value.
• Reward Points valid for 24 months from the date of credit.

Rewards Redemption

• The Reward Points you earn can be redeemed easily & instantly on online transactions or at partner stores.
• 1 Reward Point = ₹0.25.
• The IDFC FIRST Classic Credit Card charges a ₹99 convenience fee plus taxes for reward redemption.

IDFC First Classic Credit Card Fees

There are various fees associated with the IDFC First Classic Credit Card. Some of the important ones are as follows:

• The IDFC First Classic Credit Card comes with zero joining fees and an annual fee, i.e., it is a lifetime free credit card.
• The interest rate on this credit card is up to 3.99% per month on non-payment of the minimum amount due.
• The foreign currency markup fee on the IDFC First Classic Credit Card is 3.5% of the total transaction amount.
• The cash advance fee on this credit card is ₹199 per transaction.

IDFC FIRST Classic Credit Card Eligibility Criteria

The eligibility requirements that need to be fulfilled in order to get approved for the IDFC First Classic Credit Card are as follows:

• The minimum eligible age required for this credit card is 21 years.
• The applicant should either be salaried or self-employed with a decent monthly income.
• The applicant should have a decent credit score.

Conclusion

The IDFC FIRST Classic Credit Card provides all the exclusive benefits and reward offers to its customers that one expects to get from a credit card. But, the great thing here is that you get all these benefits with a card that is absolutely free to have, i.e., you don’t need to pay any joining/renewal fee ever. Moreover, its low-interest charges also give you a strong reason to choose this card.

It provides exciting benefits across several categories, including travel, dining, movies, insurance, fuel surcharge waiver, complimentary Roadside assistance, and more. Therefore, if you are looking for a credit card with no joining/renewal fee and exclusive Reward offers and benefits, the IDFC FIRST Classic Credit Card would be a great choice for you.