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The FIRST WoW Credit Card is a secured credit card (backed by a Fixed Deposit) issued by IDFC Bank, has tons of features, and provides great benefits for cardholders. You would need to make a Fixed Deposit of at least ₹10,000 with the bank in order to get this card. The card comes with ZERO joining and renewal fees, which means that the FIRST Wow Card is the ultimate 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 a feature only super-premium credit card with high fees offer. Therefore, you do not have to pay any extra charges or fees on international transactions.

The card offers 4 Reward Points/₹150 on every eligible 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. IDFC WoW! Card offers easy and convenient EMI options for transactions above ₹2,500. Keep reading for a more detailed review of the card:

IDFC FIRST WoW Credit Card
(4.5/5)

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Dining | Shopping |

Reward Type

Reward Points

Welcome Benefits

N/A

Movie & Dining

50% Discount Up to Rs. 300 on Movie Ticket Bookings (Visa Infinite)

Rewards Rate

Earn 4X (4RP) Reward Points on every Rs. 150 spent

Reward Redemption

Use Reward Points to instantly pay for online or in-store purchases. 1 Reward point = Rs. 0.25

Travel

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Golf

NA

Insurance Benefits

Personal Accident, Card Liability cover and many more.

Spend-Based Waiver

NA

Rewards Redemption Fee

Rs. 99 + GST

Rewards Redemption Fee

Rs. 99 + GST

Foreign Currency Markup

Zero

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 Charges

Rs. 199

  • Lifetime free credit card.
  • Earn 4X Reward Points on every spend
  • Unlimited Reward Points that never expire
  • 0% Foreign transaction markup fee.
  • Get 1% Fuel surcharge waiver
  • Insurance cover for Personal Accident, Card Liability cover and many more.
  • 4 Complimentary Roadside Assistance worth Rs. 1,399

Pros

  • This is a lifetime free credit card.
  • You shall get a 100% credit limit against the amount of Fixed Deposit

Cons

  • There are no travel benefits associated with the IDFC FIRST WoW credit card.

IDFC FIRST WoW! Credit Card Rewards

With IDFC FIRST WoW Credit Card earn 4X (4RPs) Reward Points on every eligible spend you make on the card. No reward points shall be awarded for fuel, EMI transactions, or cash withdrawals. Utility spends shall be awarded 1 Reward Point. 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 gift vouchers of your choice. You have to pay a reward redemption fee of Rs. 99 plus taxes.

1 Reward Point = Rs. 0.25

IDFC WoW! Credit Card Features

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

50% Off on BookMyShow

The WoW! Credit Card is available on the Visa Infinite platform. As a result, cardholders can benefit from additional rewards offered by Visa. For instance, customers can avail of a 50% discount of up to Rs. 300 on movie ticket bookings made through BookMyShow. Additionally, moviegoers can receive discounts on food and beverages (up to Rs. 200) when using this card. Furthermore, non-movie ticket bookings are eligible for a 50% discount of up to Rs. 500.

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 the IDFC FIRST WoW Credit Card.

Zero Forex Markup Fee

The IDFC FIRST WoW Credit Card comes with zero Forex 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% of the Forex markup fees on all international transactions.

Insurance Benefits

The 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 worth Rs. 1399 all over India with the Global Assure. The features included in 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 Roadside assistance and specific conditions associated with each Feature and help provided with the same.

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 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.
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. 10,000

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 by clicking on Apply Now. Compare and know in detail all the features, rewards and offers associated with the IDFC Bank Wow Credit Card on our website and make an informed decision. Enter your details and successfully apply for the IDFC FIRST WOW! Credit Card. You can also apply for this credit card offline by visiting your nearest IDFC First Bank branch.

Cards Similar To IDFC FIRST WoW! Credit Card

Benefits IDFC FIRST WoW Credit Card ICICI Bank Instant Platinum Credit Card
Annual Fees
  • NIL
  • NIL
Rewards Rate
  • 4X (4RP) Reward Points on every spend.
  • 2 Reward Points on every 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.
Additional Benefits
  • 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.

IDFC FIRST WoW Credit Card Review

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. There are several secured credit cards available in the market. However, none of them offer the features that WoW! Credit Card does. Even popular secured credit cards like ICICI Bank Instant Platinum Credit Card and Kotak 811 #DreamDifferent Credit Card do not have these features. Recently, AU Bank has launched a new secured credit card called AU Nomo Credit Card, which also offers a lower Forex charge of 0.99%. However, it can be obtained against a Fixed Deposit of Rs. 20,000 only. On the other hand, WoW! Credit Card can easily be availed against a Fixed Deposit of Rs. 10,000.

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 waiver benefits, and dining benefits with the card are very exciting. Also, the card offers insurance covers and roadside assistance. So, if you are looking for a secured card with these many benefits and no annual 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. 10,000.
No, the joining and the renewal fees for the IDFC FIRST WoW Credit Card are completely NIL, and there are no hidden charges or any type of condition with it.
No, only the cash advance fee of Rs. 199 is applicable on the transaction of cash withdrawals and there are no interest charges on the same.
No, Rewards points are not applicable on Fuel, Insurance, EMI transactions and Cash withdrawals.

Comments

  1. The benefits and rewards sound very appealing, especially the 10% cashback on grocery and department store purchases. I’ll have to give it some more thought, but it’s definitely on my radar now!

  2. Be careful while you shop with first wow credit as you cannnot pay the credit card bill of first wow from third party app if you have the credit card from your NRE account. They will just reverse your payment of credit card to the source other than your NRE ACCOUNT.

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IDFC FIRST WoW Credit Card

IDFC FIRST WoW Credit Card

(4.5/5)

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