IDFC First Private Credit Card

IDFC First Private Credit Card Reward Earnings

The reward rates offered by the IDFC First Private Credit Card on different categories are as follows:

• 10 Reward Points on every ₹150 spent on eligible domestic transactions.
• 5 Reward Points on every ₹150 spent on eligible international transactions.
• 1 Reward Point on every ₹150 spent on rent, education, utilities, insurance, government services, FASTag, wallet loads, railways, gift vouchers, and jewelry purchases.
• No Reward Points on fuel, fees & GST, EMI conversions, Loan on Card, quasi-cash transactions, cash withdrawals, and balance transfers.
• Fuel surcharge waiver available on eligible fuel transactions.

Karma Points

• 1 Karma Point on every ₹150 spent in a statement cycle.
• 1 Karma Point = ₹0.25 when redeemed for charitable donations.
• No Karma Points on fuel, EMI conversions, cash withdrawals, government, and quasi-cash transactions.
• Donate automatically once the Karma Points balance reaches 20,000 points (₹5,000 value).
• Tax exemption certificate available for eligible charity donations.
• Support partner NGOs through donations made by the bank on the cardholder’s behalf.

Accelerated Reward Points for Travel Bookings

IDFC First Private Credit Card also offers accelerated Reward Points on travel bookings made via the IDFC First Banking app. These bonus Reward Points are awarded over and above the base Reward Points of 10 Reward Points/₹150. A maximum of 25,000 bonus Reward Points can be earned each month.

Bonus Reward Points apply only to transactions completed without redeeming Rewards points. Cash + Points transactions are not eligible for Bonus Reward Points.

Reward Redemption

The reward points you earn using this card can be redeemed against various exciting options and vouchers at a redemption value of 1 Reward Point = ₹0.25. Cardholders can get a higher redemption value by using their Reward Points on the Travel and Shop portal of IDFC First Bank (1 Reward Point = ₹1)

Unlimited Free Airport and Railway Access

• Cardholders enjoy unlimited access to domestic and international lounges worldwide. This facility is valid for both primary and add-on credit holders.
• Four complimentary visits to domestic airport lounges for accompanying guests are available each year. This benefit is available to both primary and add-on FIRST Private Credit Cardholders.
• Cardholders can enjoy complimentary, unlimited access to railway lounges across India.

IDFC First Private Credit Card Other Benefits

The Private Credit Card, launched by IDFC First Bank, is the bank’s most premium offering to date. It is issued only to selected customers whom the bank itself invites. The card comes with lots of exciting privileges, and its most significant features are listed below:

Welcome Benefits

50,000 Welcome Reward Points worth up to ₹50,000 when redeemed for travel bookings through the IDFC FIRST Mobile Banking App.

Movie Benefits

• You get up to ₹750 discount on movie/non-movie ticket bookings and food & beverages through the BookMyShow app/website.
• This benefit can be availed twice every month.

Golf Benefits

• Primary cardholders would get unlimited complimentary golf rounds or lessons every month.
• Those with the IDFC First Private Credit Card can book their lessons here.

Insurance Benefits

The insurance benefits provided by this card are listed below in the table:

Fuel Surcharge Waiver

You get a 1% fuel surcharge waiver on all fuel transactions made using this card. There is no capping for the amount of fuel surcharge waiver each month.

IDFC First Private Credit Card Fees and Charges

Some very important fees and charges associated with the IDFC First Bank Private Credit Card are as mentioned below:

• The joining fee of this credit card is ₹50,000 plus applicable taxes.
• The interest rate on the First Private Credit Card is 0.75% per month, which is significantly lower than the interest charged by most credit cards in India.
• There is no forex markup fee chargeable on this credit card.
• There are no late payment charges.

IDFC First Bank Private Credit Card Eligibility Criteria

As the IDFC First Private Credit Card is an invite-only credit card, no specific eligibility criteria are mentioned by the card issuer. However, some basic requirements that you might need to fulfill are as follows:

• Your age should be above 21 years.
• You should have a high monthly income.
• You must have an excellent credit score and a good relationship with IDFC First Bank.

How to Apply For The IDFC First Private Credit Card?

Not every individual is eligible to apply for the IDFC First Private Credit Card. You can only get it if the bank invites you to apply for the card. If you think you fit the criteria for this super-premium credit card, you can contact IDFC First Credit Card customer care to learn more about the eligibility to get invited.

IDFC First Private Credit Card Review

With the launch of the super-premium Private Credit Card, IDFC First Bank gives direct competition to the leading card issuers like HDFC Bank, which offers the Infinia Credit Card, and Axis Bank, which offers the Olympus and Primus. This card seems unique, as it not only provides extra rewards, but you can also do good for others without spending any extra amount. You can earn Karma Points on your monthly spending, and the amount equivalent to these points is directly sent to the charity chosen by you.

Regarding its benefits, you can enjoy a luxurious experience when traveling or going to the movies, as the card offers complimentary lounge access and great discounts on movie tickets. All its benefits make this card an excellent option for those who aspire to a premium lifestyle. Although you cannot apply for this card, you should try to build an excellent credit history and a good relationship with IDFC First Bank, so that your chances of being invited for this card increase.

If you have any further questions or concerns regarding this credit card, please feel free to ask us in the comment section below.