IDFC FIRST Classic Credit Card: Features and Benefits
In today’s fast-paced world, a credit card that combines affordability with rewarding benefits is highly desirable. The IDFC FIRST Classic Credit Card is crafted precisely with this in mind, offering a lifetime free credit card with numerous perks that make spending more rewarding and convenient. Whether you are a salaried professional, a freelancer, or a homemaker, this card aims to enhance your financial lifestyle without adding extra costs.
Key Features of the IDFC FIRST Classic Credit Card
No Annual or Joining Fees
One of the standout features of this card is that it comes with no annual or joining fees, making it accessible for those who want a cost-effective credit card to satisfy daily expenses and earn rewards without worrying about recurring charges
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▪️The IDFC FIRST Classic Credit Card offers an attractive reward points scheme:
▪️Unlimited reward points with no expiry date, allowing users to accumulate points over time.
▪️ Earn 3X reward points (equivalent to 0.75 INR per Rs.150 spent) on all retail transactions, up to Rs.20,000 each month.
▪️On spends exceeding Rs.20,000, reward points are multiplied by 10X, providing increased value for high spender categories.
▪️Special birthday bonus of 10X reward points, adding a personal touch to your celebrations.
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▪️The card provides up to 20% discount at more than 1,500 restaurants across India, enabling frequent diners to enjoy savings regularly.
▪️Film lovers can avail 25% discount (up to Rs.100) on movie tickets purchased via partner platforms once a month.
▪️The card also offers fuel surcharge waivers of 1%, up to Rs.200 per month, helping those who commute frequently.
Travel and Lifestyle Privileges
Travel benefits include:
▪️Four complimentary railway lounge visits every quarter—perfect for frequent travelers to experience comfort at railway stations.
▪️Access to various lifestyle offers, including discounts on wellness, shopping, and entertainment, through the bank’s merchant partnerships.
Insurance and Assistance
The card provides comprehensive insurance coverages:
▪️Personal accidental death cover worth Rs.2 lakhs.
▪️Lost card liability cover up to Rs.25,000 to protect users from fraudulent transactions.
▪️Roadside assistance service, valued at Rs.1,399, available to cardholders in case of emergencies.
Special Benefits
▪️Convert high-value transactions into EMIs for easy repayment.
▪️No foreign currency markup fee, which makes this card suitable for international travel or online shopping from abroad.
▪️Access to over 300 merchant offers across sectors, with discounts and cashback deals to amplify savings.
Additional Perks
▪️Welcome offers like a Rs.500 gift voucher if users spend Rs.15,000 within 90 days of card activation.
▪️Instant approval and fast onboarding through the bank’s digital platforms.
▪️A user-friendly mobile app for tracking transactions, rewards, and redeeming benefits seamlessly.
Fees and Charges
▪️Interest on unpaid balances charged at up to 3.99% per month.
▪️Cash withdrawal fee: Rs.199 per transaction.
▪️Foreign currency markup fee: 3.5%, applicable during international transactions.
▪️Late payment fee: varies depending on the outstanding amount.
Is It Suitable for You?
The IDFC FIRST Classic Credit Card is ideal for:
Individuals seeking a cost-effective card with reward and cashback.
Frequent diners, movie lovers, and travelers who can maximize discounts.
IDFC FIRST Classic Credit Card features on table
Here is the features of the IDFC FIRST Classic Credit Card:
| Feature | Details |
|---|---|
| Joining Fee | No joining fee (digital RuPay variant has ₹199 joining fee) |
| Annual Fee | No annual fee for lifetime free variant; ₹199 annual fee for digital RuPay variant from 2nd year |
| Reward Points | 3X reward points on every ₹150 spent; 10X reward points on spends above ₹20,000 per month |
| Birthday Reward Points | 10X reward points on spends on birthday |
| Reward Points Expiry | Reward points never expire |
| Reward Points Redemption | Redeemable via IDFC app/website, convenience fee ₹99 + GST per redemption |
| Welcome Benefit | Gift voucher worth ₹500 on spending ₹5,000+ within 30 days; 5% cashback on first EMI transaction |
| Discounts | 25% off on movie tickets (up to ₹100 once a month); up to 20% off on dining at 1500+ restaurants |
| Lounge Access | 4 complimentary railway lounge visits per quarter (16 annually) |
| Fuel Surcharge Waiver | 1% waiver on fuel transactions between ₹200-₹5,000, capped at ₹200 per billing cycle |
| Insurance | Personal accident cover worth ₹2 lakhs; lost card liability cover ₹25,000 |
| Contactless Payment | NFC enabled for contactless POS payments |
| Foreign Currency Markup | 3.5% on all foreign currency spends |
| Interest Rate | Up to 3.99% monthly (47.88% annually) on outstanding balances |
| Cash Advance Fee | ₹199 per transaction |
| Roadside Assistance | Complimentary roadside assistance worth ₹1,399 four times a year |
| Partner Offers | 300+ partner merchant offers and 3000+ health & wellness discounts |
The card targets salaried or self-employed individuals with an income of ₹3 lakhs per annum or above. It offers a lifetime free credit card option with valuable lifestyle, travel, and dining benefits along with rewarding points that never expire.
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