IDFC FIRST Bank WOW Credit Card

Key Features & Benefits

The IDFC FIRST Bank WOW Credit Card revolutionizes secured credit by eliminating lifetime fees while delivering substantial rewards on daily transactions. Users earn 4X reward points on most online and offline purchases, translating to ₹1 cashback for every ₹150 spent, making grocery shopping, dining, and retail purchases more rewarding. The zero forex markup feature ensures international travelers and online shoppers save significantly on currency conversion charges.

Beyond rewards, cardholders enjoy comprehensive protection with ₹2,00,000 personal accident insurance, ₹25,000 lost card liability coverage, and fuel surcharge waivers up to ₹200 monthly. The card enables seamless UPI transactions through an optional companion RuPay card, easy EMI conversion on purchases above ₹2,500, and exclusive discounts at over 300 merchants and 1,500 restaurants nationwide.

All You Need to Know About: IDFC FIRST Bank WOW Credit Card

Pros & Cons

How to Apply

Visit IDFC FIRST Bank’s official website or mobile app and select the WOW Credit Card application. Step 2: Open a fixed deposit of minimum ₹20,000 which will serve as your credit limit. Step 3: Complete online KYC verification with required documents including identity proof and address proof. Step 4: Submit the application and receive instant card approval after successful FD creation and KYC completion.

Detailed Fee Structure

The IDFC FIRST Bank WOW Credit Card maintains true lifetime free status with zero joining and annual fees on the primary card. However, users should be aware of ancillary charges including cash advance fees of ₹199 plus GST per transaction and foreign currency cash withdrawal charges.

For UPI functionality, an optional companion RuPay card requires ₹199 plus GST as joining fee and ₹199 plus GST annual fee. Late payment charges, overlimit fees, and transaction processing fees for certain merchant categories may apply as per standard banking norms. Interest charges range from 0.75% to 3.65% monthly depending on repayment behavior.

Who Should Get This Card?

This card suits first-time credit users, students, or individuals with limited credit history seeking to build creditworthiness. International travelers and frequent online shoppers benefit significantly from zero forex markup. Budget-conscious consumers who want reward benefits without annual fees will find excellent value. It’s also ideal for those preferring secured credit products or unable to meet income requirements for unsecured cards.

Alternatives & Competitor Comparison

Feature	IDFC FIRST Bank WOW Credit Card	Federal Bank Scapia Card
Card Image
Card Network	Visa	RuPay, Visa
USP	The IDFC FIRST Bank WOW Credit Card is a lifetime free secured credit card offering 4X reward points on everyday spends with zero forex markup, making it perfect for budget-conscious users seeking international shopping benefits and instant credit approval against fixed deposits.	The Federal Bank Scapia Card is a lifetime-free credit card perfect for frequent travelers and online shoppers, offering unlimited domestic lounge access, zero forex markup, and high-value Scapia Coins rewards on all spends. It delivers exceptional travel benefits and seamless digital management through the Scapia app.
Annual Fee	N/A	N/A
Joining Fee	N/A	N/A
Welcome Benefits	5% cashback on first EMI transaction within 90 days, maximum ₹1,000 cashback	N/A
Lounge Access	N/A	Domestic: Unlimited On monthly spends of ₹10,000+ for Visa and ₹15,000+ RuPay variant
Reward Rate	N/A	Earn 10% Scapia Coins (equivalent to 2% value-back approximately) on all online and offline purchase transactions. Additional 20% value-back on travel bookings made through the Scapia app. No capping on Scapia Coins earned.
Interest Rate	0.75% to 3.65% per month (9% to 43.8% per annum)	Interest rate is 45% per annum.
Best For	0% Forex Markup	0% Forex Markup, Lounge Access, Travel
Apply Now	Apply Now	Apply Now

Frequently Asked Questions