IDFC FIRST WOW Credit Card Against Fixed Deposit: Review & Benefits
Looking for a credit card without income proof? The IDFC FIRST WOW Credit Card, backed by a fixed deposit, might be your solution. This card offers numerous advantages, accessible even to those without a strong credit history.
Key Features of IDFC FIRST WOW Credit Card
The IDFC FIRST WOW Credit Card is designed to cater to a broad audience. Here are some of its main features:
| Feature | Details |
|---|---|
| Joining Fee | ₹199 + GST |
| Annual Fee | ₹199 + GST (from 2nd year onwards) |
| UPI Payments | Earn up to 3X reward points |
| Reward Points | 1X reward points per ₹150 spent |
| Cash Advance Fee | ₹199 per transaction |
Why Choose a Credit Card Against FD?
Opting for a credit card backed by a fixed deposit (FD) has unique benefits:
- No income proof required, making it perfect for students and homemakers.
- Helps build a credit history when used responsibly.
- Continue earning interest on your FD while enjoying credit card benefits.
Eligibility Criteria
Before applying, ensure you meet the following criteria:
- Applicant must be at least 18 years old.
- Eligible for Indian residents and NRIs with an NRE savings account.
- A valid fixed deposit is required to back the credit card.
Benefits of IDFC FIRST WOW Credit Card
Besides the flexibility of having a credit card against an FD, the IDFC FIRST WOW Credit Card offers the following perks:
- Rewards Program: Earn 1 reward point per ₹150 spent. Reward points are evergreen and do not expire.
- UPI Transactions: Upto 3X reward points on UPI spends.
- Interest Rates: Among the lowest in the country, ranging from 9% to 43.8% per annum.
PAPRNER DISCOUNT
10% Instant discount on Flipkart
10% Instant discount on Myntra, AJIO, Tata CliQ,1MG
15% Instant discount on Tata CliQ, Palette, Sugar cosmetics, Zomato
10-20% Instant discounts on Travel bookings on Yatra, Adani one, MMT , GoIbibo etc
OTHER ANAZING OFFERS
- 50% off on BookMyShow Movie Tickets
- Setup your own credit limit by fixed deposit anytime, anywhere
- Great partner offers on 300+ brands like Myntra, Flipkart, Ajio, etc.
- Zero Forex Conversion Fee
- Personal Accident cover of up to Rs.2,00,000
- Fuel surcharge waiver of 1% upto Rs. 200/month
How to Redeem Reward Points?
Redeem your points easily while shopping online or in stores. Simply choose the ‘pay with points’ option. You can also explore exciting offers on idfcfirstrewards.poshvine.com.
Can You Withdraw Cash from ATMs?
Yes, you can use your IDFC FIRST WOW Credit Card to withdraw cash from ATMs interest-free for up to 48 days. However, a cash advance fee of ₹199 + taxes applies per transaction.
Increasing Your Credit Card Limit
You can boost your credit limit in three simple steps online. More credit means enhanced purchasing power, improved credit score through better credit utilization, and additional rewards for higher spends.
Conclusion
The IDFC FIRST WOW Credit Card is an excellent choice for individuals looking to enjoy the benefits of a credit card without the hassle of income proof. With its attractive features and multiple benefits, this card provides a significant advantage, especially for students, homemakers, and freelancers.
