Best beginner cards

Fixed deposit based credit card
– Card is issued against your fixed deposit
– You get flexible credit limit , upto 80% of your fixed deposit amount
– Income proof is not required , credit history is also not required
– 100% cash withdrawal (as much as card credit limit) on your card – hence you have full access to your money in case of emergencies

No annual fee – lifetime free card : There is no annual fee on this card.

1.20% benefit on purchases outside India : You earn 6 EDGE reward points worth ₹1.20 , on every ₹100 you spend on your card outside India (since 1 EDGE reward point = ₹0.20 or 20 paise)

0.60% basic benefit on all purchases in India : You earn 3 EDGE reward points worth ₹0.60 , on every ₹100 you spend on your card in India (since 1 EDGE reward point = ₹0.20 or 20 paise). Exceptions : you earn no reward points on fuel spends.

1% fuel surcharge waiver : Fuel surcharge waiver at all fuel stations –
– only on fuel transactions between ₹400 and ₹4,000  AND
– only on fuel purchases upto ₹40,000 per month (since cashback is capped at ₹400 per month)
– Both conditions above need to be met to avail 1% surcharge waiver

Benefits from Visa :
– Visa Platinum Concierge : You get a 24/7 digital personal assistant and lifestyle guide, giving you access to extraordinary experiences and exclusive privileges.
– Offers from Visa : You enjoy a variety of exclusive hotel, dining, shopping, and other lifestyle offers when you travel in Asia
– Global Customer Assistance : This service helps you block your card, get a replacement card and also get emergency cash

Guaranteed approval card against fixed deposit – no income proof required : Minimum fixed deposit amount – ₹15,000

Lifetime free card – zero annual fee : No annual fee on your card

0.50% benefit on all spends : You earn 2 reward points worth ₹0.50, on every ₹100 you spend on all other purchases (since 1 reward point = ₹0.25). Except below 2 categories :
1. Fuel : You earn no reward points
2. Spend Categories like rent, education, utilities, government, insurance, charity, supermarket : You earn 1 reward points worth 25 paise, on every ₹100 you spend. For full list and details please click here – list of special MCCs

Fuel surcharge waiver
You get a 1% fuel surcharge waiver , at all fuel stations across India :
– Only on fuel transactions between ₹400 and ₹5,000 AND
– Only on maximum fuel purchases of ₹25,000 per month (since the waiver amount is capped at ₹250 per monthly card statement cycle)

3 free add-on cards : You get up to 3 lifetime free add-on cards for your spouse, parents, siblings or kids (above age 18)

Lifetime free card – zero annual fee : No annual fee is charged on your card

Welcome benefits:
– You get a welcome voucher worth ₹500, by spending ₹5,000 or more within 90 days of card generation.
– You enjoy 5% cashback (up to maximum ₹1000), on the transaction value of your first EMI completed within 30 days of card generation.

Complimentary railway lounge access : You get upto 4 free railway lounge visits per quarter

1% benefit on all online spends – till ₹20,000 monthly spend : You earn 4 reward points worth ₹1 , on every ₹100 you spend on your card (since 1 reward point = ₹0.25 or 25 paise)

0.50% benefit on all offline spends – till ₹20,000 monthly spend : You earn 2 reward points worth 50 paise , on every ₹100 you spend on your card (since 1 reward point = ₹0.25 or 25 paise)

1.66% benefit on ALL spends – above ₹20,000 monthly spend : You earn 6.66 reward points worth ₹1.66 (one rupee sixty six paise) , on every ₹100 you spend in this category (since 1 reward point = ₹0.25 or 25 paise)

Movie ticket discount : You get 25% discount on movie tickets (up to ₹100), on Paytm Mobile App (valid once per month)

Various insurance covers
– You get a ₹25,000 insurance cover for Lost Card Liability, Counterfeit/Skimming/Phishing and Online Fraud Protection – for online purchases on your IDFC FIRST Bank Millennia Credit Card.
– You receive a ₹2 lakh ‘personal accident cover’, in the unfortunate event of an accidental death or permanent disability due to a sudden, unforeseen and involuntary event caused by external, visible and violent means.

Attractive program on ‘cash advances’
– Zero interest charges on cash withdrawals, but a cash withdrawal fee of ₹199 is charged on each cash withdrawal
– 100% of FD amount is available as a cash withdrawal limit, in case you need emergency funds at any time

Guaranteed instant approval card against fixed deposit – no income proof, no credit score required :
– Minimum fixed deposit amount – ₹2,000 for IDFC First Bank customers, ₹5,000 for all others
– Minimum 100% credit limit against your fixed deposit.

Lifetime free card – zero annual fee : No annual fee is charged on your card

0.66% benefit on all spends : You earn 2.66 reward points worth 66 paise , on every ₹100 you spend on your card (since 1 reward point = 25 paise)
Exceptions :
– No reward points are given on on fuel purchases, EMI transactions & cash withdrawals
– 0.16% benefit on insurance spends & utility bill payments : You earn 0.66 points worth 16 paise , on every ₹100 you spend on insurance spends & utility bill payments.

Zero forex transaction fee : You enjoy zero fee on international transactions. Most other entry level cards charge around 3.50% forex markup fee, hence this is a valuable benefit for those who travel abroad frequently

Fuel surcharge waiver : You get a 1% fuel surcharge waiver , at all fuel stations across India – on fuel purchases upto ₹20,000 per month (since the waiver amount is capped at ₹200 per monthly card statement cycle)

Complimentary ‘Emergency Roadside Assistance (RSA)’ package worth ₹1399 : You get 24X7 assistance for flat tires & tire change, battery jump-start or alternate battery, fuel delivery, lost key replacement, minor repairs, vehicle towing (if required) – provided through Global Assure. You can avail this benefit up to 4 times a year. To know more details, visit here.

Various insurance covers –
✓ You get a ₹25,000 insurance cover for Lost Card Liability, Counterfeit/Skimming/Phishing and Online Fraud Protection – for transactions on your IDFC FIRST Bank Credit Card.
✓ You receive a ₹2,00,000 Personal Accident Cover – in the unfortunate event of an accidental death or permanent disability due to a sudden, unforeseen and involuntary event.
–Claim under this cover is payable only once, irrespective of the number of cards held by the cardholder.

Attractive program on cash advances :
– Zero interest charges on cash withdrawals, but a cash withdrawal fee of ₹199 is charged on each cash withdrawal
– 100% of FD amount is available as a cash withdrawal limit, in case you need emergency funds at any time

Fixed Deposit based Card / instant approval card : Credit card issued against your fixed deposit, for customers between 18 years and 75 years of age :
– For Non-811 saving account customers: minimum fixed deposit amount is ₹ 10,000
– For 811 saving account customers: minimum fixed deposit amount is ₹ 5,555
– Income documents not required , credit history not required (since the card is issued against the security of your fixed deposit)

Flexible credit limit , upto 80% of fixed deposit amount : 
– You can choose a credit limit of your preference , upto ₹16,00,000 (but the credit limit is based on the amount of your fixed deposit).

Lifetime free credit card : There is no annual fee on this card. Welcome offer of 500 bonus reward points worth ₹125 is given, when you spend a minimum of ₹5000 within 45 days of activating your card.

0.50% benefit on online spends : You earn 2 points worth ₹0.50 (since 1 point = ₹0.25),  on every ₹100 you spend on online purchases.

0.25% benefit on all other spends : You earn 1 points worth ₹0.25 (since 1 point = ₹0.25),  on every ₹100 you spend on all other spends.

Rewards redemption :
– You can redeem points for mobile recharge, shopping, e-vouchers, movies, travel, and more through Kotak Rewards .
– You can also pay with your reward points using Kotak PayByPoints by converting your reward points into currency at merchant outlets
– Reward points are valid for 2  years.

Milestone Benefit – Additional benefit of upto 1% , on achieving yearly card spend target of ₹75,000 :  On achieving yearly card spend target of ₹75,000 , you get either –
– Cashback of ₹750/- (cashback will reflect in the next billing cycle) OR
– 4 free PVR tickets (tickets can be used for any day and any show. Star Pass Code will be issued for online redemption at www.pvrcinemas.com)
– These offers need to be claimed within 3 months of the card anniversary date. You can always check your anniversary period in the Milestone tab of your Mobile banking or Net banking.

1.8% – 2.5% railway surcharge waiver : The card offers a surcharge waiver for railway ticket bookings –
– 1.8% for transactions made on the IRCTC website
– 2.5% for transactions made at Indian railway booking counters
– Maximum waiver of ₹500 per year

1% fuel surcharge waiver at all fuel stations –
– Only on fuel transactions ranging between ₹500 and ₹3,000 AND
– Only on fuel purchases upto ₹3,50,000 per year, since waiver is capped at ₹3,500 per year
– You need to meet both the above conditions to be eligible for fuel surcharge waivers

Interest-free cash withdrawal :
– You can withdraw cash up to 90% of your total credit card limit
– No interest is charged on cash withdrawals (unlike most other credit cards).
– A processing fee of ₹300 is charged per ₹10,000 withdrawn, hence ideally one should withdraw cash only in an emergency