IDFC FIRST Classic Credit Card: Exclusive Rewards & Benefits
08 Jan 2025 7 mins Credit Cards
The IDFC FIRST Classic Credit Card is a great choice for individuals looking to maximize their spending with exceptional rewards and benefits. With a strong focus on rewarding loyal customers, this card offers an array of first classic credit card features that make it stand out. From earning up to 10X reward points to exclusive IDFC FIRST Classic Credit Card benefits, this card provides a host of advantages for the savvy spender. In this article, we’ll delve into the key aspects of the card, including its eligibility criteria, reward programs, fees, and much more.
Eligibility Criteria for the IDFC FIRST Classic Credit Card
Before applying for the IDFC FIRST Classic Credit Card, it’s important to understand the eligibility requirements to ensure that you meet the necessary criteria. The card is designed for individuals who have a stable income and a good credit history.
Key Eligibility Requirements:
Eligibility Criteria | Details |
Annual Income | ₹3 Lacs or more |
Age | Typically between 21 and 60 years of age |
Credit Score | A good credit score (750 or higher) is recommended |
Documents Needed | Proof of identity, address, and income (salary slip or bank statement) |
Annual Income: ₹3 Lacs or more.
Age: Typically between 21 and 60 years of age.
Credit Score: A good credit score (750 or higher) is recommended.
Documents Needed: Proof of identity, address, and income (such as a salary slip or bank statement).
These eligibility requirements ensure that only financially responsible individuals are eligible for the card, providing peace of mind for both the bank and the cardholder.
Exploring the First Classic Credit Card Features
The IDFC FIRST Classic Credit Card is packed with features that cater to the needs of everyday spenders and frequent shoppers alike. Here are some of the standout features that make this card a great option:
1. Reward Points Program
One of the most appealing features of the IDFC FIRST Classic Credit Card is its generous reward points program. Cardholders can earn:
10X reward points on incremental spends above ₹20,000 per month and purchases made on your birthday.
3X reward points for online and offline spends up to ₹20,000 per month.
1X reward points for utility bill payments and insurance premium payments.
These rewards accumulate quickly, allowing cardholders to redeem them for future purchases, making it an excellent choice for regular spenders.
2. Unlimited Reward Points
Unlike many credit cards, the IDFC FIRST Classic Credit Card offers unlimited reward points that never expire. This is a significant advantage for cardholders who prefer to accumulate points over time instead of worrying about expiry dates.
3. Easy Redemption
Reward points can be easily redeemed for online and in-store purchases, making it simple to enjoy the rewards of your spending. Whether you’re shopping for everyday items or splurging on something special, the points are at your disposal.
First Classic Credit Card Benefits You Can’t Miss
The IDFC FIRST Classic Credit Card is designed to offer a range of benefits that provide value across various categories. Whether you're a frequent traveler, a movie enthusiast, or someone who loves to dine out, this card has something for everyone.
1. Movie Ticket Discounts
Cardholders receive a 25% discount on movie tickets up to ₹100, available once a month on the Paytm mobile app. This benefit is perfect for movie lovers who want to enjoy the latest releases without breaking the bank.
2. Airport Lounge Access
Frequent travelers will appreciate the IDFC FIRST Classic Credit Card airport lounge access. Cardholders enjoy access to exclusive airport lounges, allowing them to relax before their flights. This is a valuable perk, especially for those who travel frequently for business or leisure.
3. Complimentary Railway Lounge Visits
The card offers 4 complimentary railway lounge visits per quarter, providing a comfortable and peaceful environment while waiting for your train. This benefit enhances the travel experience, offering relaxation and comfort during your journeys.
4. Roadside Assistance
In case of an emergency, the IDFC FIRST Classic Credit Card offers complimentary roadside assistance worth ₹1,399. This service ensures that help is just a call away, whether you’re stuck on the road due to a flat tire or another issue.
5. Fuel Surcharge Waiver
Fuel purchases are more affordable with the fuel surcharge waiver of 1%, available on transactions between ₹200 and ₹5,000. This benefit is capped at ₹200 per month and is available at fuel stations across India.
6. Merchant Discounts
Cardholders can enjoy up to 20% discount at 1,500+ restaurants and up to 15% discount at 3,000+ health & wellness outlets. These discounts make it easy to save money while enjoying dining and wellness experiences.
IDFC FIRST Classic Credit Card Charges: Transparent and Low-Cost
The IDFC FIRST Classic Credit Card charges are designed to be affordable and transparent. This card is lifetime free, meaning there are no annual fees, which is a significant advantage for long-term cardholders.
Key Charges to Be Aware Of:
Interest Rates: The card offers competitive interest rates ranging from 0.75% to 3.65% per month (9% to 43.8% per annum).
Cash Advance Fee: ₹199 + GST per transaction for cash withdrawals from domestic and international ATMs.
Late Payment Fee: 15% of the total amount due, subject to a minimum of ₹100 and a maximum of ₹1,300.
Over-limit Charges: 2.5% of the over-limit amount, with a minimum charge of ₹550.
Forex Markup: 3.5% for international transactions.
Utility Surcharge: 1% surcharge (+GST) on utility bills above ₹20,000.
These fees are reasonable and competitive compared to other credit cards, making the IDFC FIRST Classic Credit Card an affordable choice for everyday use.
How to Apply for the IDFC FIRST Classic Credit Card
Applying for the IDFC FIRST Classic Credit Card is a straightforward process. You can apply online through the bank’s official website by filling out the application form. Make sure you meet the IDFC FIRST Classic Credit Card eligibility criteria and submit the required documents, including proof of identity, address, and income.
Once your application is processed and approved, your card will be delivered, and you can start enjoying the various rewards and benefits right away.
Why Choose the IDFC FIRST Classic Credit Card?
The IDFC FIRST Classic Credit Card is an ideal choice for individuals who want to earn rewards while enjoying a wide range of benefits. With 10X reward points, airport lounge access, and a fuel surcharge waiver, this card is designed to cater to the needs of the modern consumer. The lifetime free card with low interest rates makes it a cost-effective option, and the unlimited reward points ensure that you get the most out of your spending.
Whether you’re looking for IDFC FIRST Classic Credit Card benefits like movie discounts or need the airport lounge access, this card delivers on all fronts, making it an excellent choice for both seasoned credit card users and newcomers.
Conclusion
In conclusion, the IDFC FIRST Classic Credit Card offers a comprehensive suite of benefits, making it a highly rewarding choice for individuals who want to get the most out of their purchases. With features like 10X reward points, airport lounge access, and discounts at various merchants, it’s perfect for anyone who values rewards and convenience. Additionally, the card’s low fees and lifetime free status make it an affordable option for long-term use.
FAQs
What are the eligibility requirements for the IDFC FIRST Classic Credit Card?
The eligibility requirements include an annual income of ₹3 Lacs or more, a good credit score, and the necessary documents for identity and income verification.
Does the IDFC FIRST Classic Credit Card offer airport lounge access?
Yes, cardholders enjoy access to airport lounges, making travel more comfortable.
What is the reward points system for the IDFC FIRST Classic Credit Card?
The card offers 10X reward points on spends above ₹20,000, 3X reward points for spends up to ₹20,000, and 1X reward points for utility payments.
Are there any annual fees for the IDFC FIRST Classic Credit Card?
No, the card is lifetime free, meaning there are no annual fees.
Can I convert my purchases into EMIs with the IDFC FIRST Classic Credit Card?
Yes, purchases above ₹2,500 can be converted into easy EMIs via the mobile app.
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Author - Abhishek Sonawane
Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.