IDFC First Wealth Credit Card
Premium benefits, lifetime free — built for high spenders.
Network: Visa | Type: Travel and Rewards | Reward: Reward Points
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Fees & Charges
- Joining Fee: ₹0
- Annual Fee: ₹0
- Waiver: Not applicable
- Foreign Markup: 1.99%
- Fuel Surcharge: 1% surcharge waiver (up to ₹400/month)
- Redemption Fee: Nil
- Late Payment Fee: ₹100–₹1,200 (based on amount due)
- Interest Rate: 0.75% to 3.5% per month (based on profile)
- Cash Advance: 2.5% (min ₹500)
Credofly Review
The IDFC FIRST Wealth Credit Card is an outlier in the premium segment — lifetime free, but still offering accelerated rewards, domestic lounge access, and a lower-than-average forex markup.
Its reward system is straightforward: if you spend above ₹20K monthly, you unlock 6 RP/₹150, translating to ~1% return. But below that, the value drops to 0.5%. Redemption is frictionless — no fees, no weird conversions — but it’s not full cashback. You redeem via netbanking or Paytm for utility and shopping vouchers.
Where it lags: there’s no milestone rewards, no international lounge access, and no lifestyle concierge perks beyond what Visa Signature offers.
But considering what it costs you (₹0), it’s arguably one of the most efficient, no-fuss premium cards out there — especially for someone who already hits ₹20K/month.
Rewards & Earnings
Slab-based rewards: 3 RP/₹150 up to ₹20K/month, 6 RP/₹150 above ₹20K
Benefits
- Welcome:
Rs 500
- Milestone:
- Renewal:
- Lifestyle:
Why We Like It
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₹0 fee. Really. Forever.
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6 RP/₹150 after ₹20K/month = real value
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Lounge access is bundled — no spend conditions
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1.99% forex markup beats most cards in this bracket
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Simple online redemption via IDFC Netbanking
Pros & Cons
✅ Pros
Lifetime free with no waiver conditions
Accelerated rewards post ₹20K
1.99% forex markup
❌ Cons
No international lounges
No cashback-style redemption
No rewards on fuel, rent, EMI, insurance
Eligibility & Application
Eligibility:
How to Apply:
FAQs
User Reviews
Users say
It's a great lifetime free card
Works well. No hidden charges. No redemption fees. Real rewards after ₹20K.
It’s not aspirational — it’s efficient. And in a world full of gimmicky premium cards, that might be exactly what you need.
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