M16S / IDFC First Bank / IDFC FIRST WOW! Credit Card
entry · secured, rewards, lifetime-free, travel
IDFC FIRST WOW! Credit Card
The IDFC FIRST WOW! Credit Card charges no annual fee and no joining fee. Its base return is 0.5%. Accelerated earn: From July 2026: 10% bonus points on hotels and 5% on flights booked via the IDFC FIRST app (aggregator). The forex markup is 0%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.5%
- Forex markup
- 0%
- Interest
- 3.85%a month
Apply on idfcfirst.bank.inOpens the bank’s own page.
What changed on this card
- IDFC FIRST keeps reward points on international spends, Sep 2026
IDFC FIRST credit cards have zero forex markup from 9 September 2026 and still earn reward points on international spends. The bank dropped its planned 26 October cut in a later letter.
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Lifetime free, FD-backed. No add-on cards. |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earn | 4X = 4 points per Rs 200 on online, offline and international spends |
| Base return | 0.5% |
| Point value | 1 point = Rs 0.25 |
| Accelerated earnunverified | From July 2026: 10% bonus points on hotels and 5% on flights booked via the IDFC FIRST app (aggregator) |
| Caps | 1X only on insurance, utilities, FASTag and railways |
| Spends that earn nothing | Fuel, EMI transactions, cash withdrawals, fees and charges |
| Points expiry | 24 months from credit; points held at the July 2026 statement stay valid until July 2028 |
| Reward notes | Rs 99 + GST per redemption. base_return_pct = 4 points per Rs 200 x Rs 0.25 = 0.5%. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 0% |
| Other freebies | Card liability cover up to Rs 25,000; personal accident cover Rs 2 lakh; purchase protection up to Rs 25,000 |
Charges and eligibility
| Interest per month | 3.85% |
|---|---|
| Late payment feeunverified | 15% of total amount due, min Rs 100, max Rs 1,300 |
| Cash advance fee | Rs 199 + GST per withdrawal; interest-free up to 45 days; cash limit 100% of FD value |
| Eligibility | Age 18-80; Indian citizen with permanent Indian address; FD of Rs 20,000 or more (NRIs: NRE FD of Rs 25,000 or more). No income proof or credit history. Credit limit 100% of FD. |
| Fine-print notes | Zero forex markup on a no-fee secured card is the main draw. Also sold as 'FIRST WOW! FD-Backed Zero Forex Travel'. APR 8.5% to 46.2%. Bank-wide rules read on issuer pages: points earned only on spends up to the credit limit per billing cycle (from 18 Jun 2026); points for a cycle are forfeited if the minimum amount due is not paid by the due date; Rs 99 + GST fee per reward redemption; over-limit fee 2.5% of over-limit amount, min Rs 550. |
Questions
- What is the annual fee of the IDFC FIRST WOW! Credit Card?
- No annual fee.
- Does the IDFC FIRST WOW! Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the IDFC FIRST WOW! Credit Card?
- 0% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IDFC FIRST WOW! Credit Card?
- Fuel, EMI transactions, cash withdrawals, fees and charges