IDFC Bank has issued a new card backed with a fixed deposit, the IDFC Wow Credit Card, which has miscellaneous features and benefits for credit cardholders. It has no joining and renewal fees, making it a lifetime-free credit card. Also, it comes with zero foreign markup fees like all other IDFC First credit cards. Hence, a cardholder is not required to pay any charges towards international transactions.
This card is issued against a fixed deposit of INR 2000. Cardholders are not required to submit any documentation, such as income proof, address proof, or credit history. It comes with various welcome benefits, rewards, dining offers, and Visa Infinite Premium platform benefits.
| IDFC FIRST WOW! Credit Card – A Snapshot | |
| Card Type | Secured Credit Card (Backed by FD) & Premium Credit Card |
| Annual Fee | NIL |
| Rewards Point | Up to 4X rewards on both online & offline spending. |
| No expiry date on reward points | |
| Welcome Benefit | 5% cashback of up to INR 1,000 on the first EMI transaction |
| Minimum FD Amount | INR 2,000 |
| FD Interest Rate | 7.50% p.a. |
| Credit Limit | Minimum 100% of the FD |
| Cash Withdrawal Limit | 100% of the FD value |
| Interest-Free Period | Up to 48 days, depending on the card transaction |
| Finance Charges | 9% – 42% p.a. |
| Late Payment Charges | 15% of the total outstanding amount (Minimum – INR 100; Maximum – INR 1,250) |
Features and Benefits
Mentioned below are the salient features of the IDFC Wow Credit Card:
- Get a cashback of 5% maximum up to INR 1000 on 1st EMI transaction done within the first 90 days of activation of the credit card.
- Get a discount of 20% at more than 1500 restaurants.
- Get a discount of 15% at more than 3000 Health and wellness centres.
- Get a waiver of 1% on fuel surcharge at fuel stations across India, a maximum of up to INR 200 per month.
- Get zero foreign markup fees, i.e., there is no need to pay any charges for international transactions.
- Get the following insurance benefits:
| Insurance Cover | Sum Insured |
| Personal Accident | INR 2,00,000 |
| Card Liability Cover | INR 25,000 |
| Credit Shield Cover | INR 25,000 |
| Purchase Protection | INR 25,000 |
- Get 4 complimentary roadside assistance worth INR 1399 all across India. It includes vehicle towing, wheel change, breakdown support, battery change, the benefit of a taxi, fuel arrangement, etc.
- Convert any transaction of INR 2500 and above converted into easy EMIs.
Top 5 Reasons to Apply For IDFC WOW Credit Card
Mentioned are the top 5 reasons to apply for IDFC Wow Credit Card:
- There is no need for any documentation, i.e. no proof of income is required.
- No minimum requirement of credit score to be met.
- There are no foreign conversion markup fees on the IDFC Wow credit card.
- Get an interest of 7.5% p.a. against a fixed deposit.
- Get 4X reward points on every transaction that does not expire.
- There are no joining, membership, or annual fees on this card.
Fees and Charges
Mentioned below are the fees to be charged in order to apply for IDFC WOW Credit Card:
| Fee/Charge | Amount |
| Joining Fee | NIL |
| Annual Fee | NIL |
| Add-on Card Fee | NIL |
| Finance Charges | Monthly Rate – 0.75% – 3.5% |
| Annual Rate – 9% – 42% p.a. | |
| Overdue Interest (Non-payment of Minimum Amount Due (MAD) by the payment due date) | 3.99% per month (47.88% p.a.) |
| Transaction fees on Cash Advances | INR 199 |
| Late Payment Charges | 15% of the total outstanding amount (Minimum – INR 100; Maximum – INR 1,250) |
| Reward Redemption Fee | INR 99 per redemption transaction |
| Card Replacement Fee | INR 100 |
| Cheque/Cash processing fee | NIL |
| Charge Slip Request | NIL |
| Markup Charges on foreign currency transactions | NIL |
| EMI processing fees | 1% of the transaction value (Minimum INR 99) |
| Foreign currency transaction mark-up fee | 3.5% of the transaction amount |
| Rent Pay Transactions fee | 1% of the transaction amount |
Eligibility Criteria
Mentioned below are the eligibility parameters to be met in order to apply for IDFC Wow Credit Card:
- The minimum age of an applicant should be 18 years or above.
- An applicant must be an Indian resident.
- An applicant should have a permanent residential address in India.
- An applicant must have a fixed deposit of at least INR 5000 in his/ her name with the IDFC Bank.
- The fixed deposit should be maintained in cumulative or re-invest and auto-renewed mode.
Different Ways to Track IDFC WOW Credit Card Application Status
Mentioned below are different ways to track IDFC Bank Credit Card Status:
- Online Mode
- Using Application Number
- Open the credit card application tracking page on IDFC’s official website.
- Provide the application number.
- Click “Get OTP”.
- An OTP will then be received on the registered mobile number.
- Enter the same and click “Proceed”.
- Then, the application status of your card will be displayed on the screen.
ii) Using Date of Birth and Mobile Number
- Open the credit card application tracking page on IDFC’s official website.
- Provide the registered mobile number along with the date of birth as mentioned on the credit card application.
- Click “Get OTP”.
- An OTP will then be received on your registered mobile number.
- Enter the same and click “Proceed”.
- The application status of your card will then be displayed on the screen.
B) Offline Mode
- By Visiting Nearest IDFC Branch
- Visit any nearest branch of IDFC Bank.
- Provide the details as asked by the bank representative, like PAN number, date of birth, application number, registered mobile number, etc.
- The bank representative will then inform you about the status of the application.
- By Calling Customer Care
- Contact the customer care number at 1800 419 4332.
- Provide details like PAN number, date of birth, registered mobile number, and application number.
- The bank representative will then inform you about the status of the application.
IDFC Wow Credit Card Bill Payment
Mentioned below are the different ways to make IDFC Wow credit card bill payment:
- Internet Banking or debit card payment
One can make credit card bill payments via debit card or internet banking using your bank account. This can be done using internet banking or by entering debit card details.
- UPI payment
- Launch a UPI-enabled banking app or BHIM app.
- Go to the tab “UPI” and click the option “Send Money”.
- Enter the “<16-digit credit card number> .cc@idfcbank” as your UPI ID.
- IMPS/ NEFT
Mentioned below are the details of the beneficiary:
- Payee Name: Name as on your IDFC FIRST Bank Credit Card
- Payee Account Number: Your 16-digit IDFC FIRST Bank Credit Card number
- Bank Name: IDFC FIRST Bank
- IFSC Code: IDFB0010225
