By: OurMoneyGuide || Last updated on: June 6, 2024

The IDFC WOW Credit Card Credit Card is a secured card (credit card issued against a fixed deposit) and a lifetime free credit card. Hence it is a good choice for those who value a free card, and those who are just starting their credit card journey.

Secured cards are cards issued against a fixed deposit, and a great choice for those who do have a good credit history, like students, first jobbers, homemakers, senior citizens, travellers, and self-employed individuals. Lifetime free cards are a good choice for those who do not want to evaluate in depth whether the annual fee of the credit card justifies the rewards associated with the card.

Brief Summary

Our Rating

4.0 / 5

The IDFC WOW Credit Card is a secured card backed by your fixed deposit, and is lifetime free.

Hence it is a good beginner card, especially for people who have no credit history or unsatisfactory credit history. The card helps you build/re-build your credit history, which helps you qualify for a wider range of credit products in times to come.

The card is also lifetime free, hence one does not need to do a detailed cost-benefit analysis before getting the card.

Pros & Cons of IDFC WOW Credit Card


  • This card is ideal for individuals who may not have regular income AND/OR for those who do not have a good credit history – like students, first jobbers, homemakers, gig economy workers, senior citizens, travellers, and self-employed individuals. Hence it is a good starter card for beginners who are starting or rebuilding their credit journey
  • Credit card is lifetime free
  • Zero fee on international card transactions


  • Low reward rate on card spending

Features & Benefits of the IDFC WOW Credit Card

0.66% reward on all credit card spends

You earn 4 reward points, on every ₹150 you spend on your card (meaning 2.66 reward points worth ₹0.66 or 66 paise on every ₹100 spent) – 0.66% benefit.

Exceptions :
No reward points are given on on fuel purchases, EMI transactions & cash withdrawals
– 0.16% reward on insurance spends & utility bill payments : You earn 0.66 points worth 16 paise , on every ₹100 you spend in these categories. This benefit is valid on utility bill payments upto ₹20000 per month. If utility bill payments are over ₹20000 per month, it is designated as commercial usage and a charge of 1% of transaction value will be levied as a utility fee on commercial usage.

1 reward point = ₹0.25 or 25 paise, and can redeemed on IDFC First Bank’s Rewards Platform, for a range of exciting offers, including merchandise, gift vouchers, travel bookings, and more. You can access the IDFC First Bank Rewards platform through the IDFC PoshVine Reward Portal, mobile app or Internet banking.

Reward points are valid forever. Each reward redemption transaction incurs a ₹99 convenience charge .

50% discount (upto 300) on movie tickets at BookMyShow – once per month

This benefit is valid only if a minimum of 2 movie tickets are booked. When a minimum of 2 movie tickets are booked, you get a 50% discount – upto a maximum discount of ₹300. You can avail this offer once per month.

Please note that you also get a 50% discount (upto ₹500) on non-movie tickets at BookMyShow, once per month. This is valid if you book a minimum of 2 tickets.

No fee on international credit card transactions

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

Fuel surcharge waiver, upto ₹200 per month

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.

Complimentary insurance benefits – lost card liability cover || personal accident cover

You get a ‘Lost Card Liability’ insurance cover of ₹25000. This cover protects against counterfeit/skimming/phishing and online fraud, for fraudulent transactions on your IDFC FIRST Bank Credit Card.

You also receive a ‘Personal Accident Cover’ of ₹2 lakhs, 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. Claim under this cover is payable only once, irrespective of the number of cards held by the cardholder.

To qualify for the above insurance covers, you must have an active card and have made a recent transaction with your card. For more details, please click here.

Attractive program on cash advances

– No interest charges on cash withdrawals : Zero interest charges on cash withdrawals, but a cash withdrawal fee of ₹199 is charged on each cash withdrawal.
– ATM cash withdrawal limit – 100% of fixed deposit value : 100% of fixed deposit amount is available as a cash withdrawal limit, in case you need emergency funds at any time.

Exclusive offers on IDFC First Credit Cards

IDFC First offers exclusive deals on shopping, travel, dining, health & wellness, entertainment and more. 

Please click here to see the latest offers – IDFC First Deals & Offers.

IDFC First customer care 

You get 24X7 assistance, please click here to see all available options.

IDFC WOW Credit Card Fees and Charges

Annual fee – lifetime free card

Annual fee
Annual fee offers
1st year joining fees₹0Welcome offer : 5% cashback (upto ₹1000) , on your first EMI transaction within 30 days of card issuance. Applicable on direct EMI purchases or transactions converted to EMI.
Renewal fees from 2nd year onwards₹0

Rent and property management fee 

1% of transaction value, subject to a minimum of ₹249 per transaction.

Late payment fee

Late payment fee is charged if you do not pay even the minimum amount due on your card bill, before the bill due date. You will be charged 15% of the total amount due , with a minimum charge of ₹100 and a maximum charge of ₹1250.

Foreign currency markup fee

Zero. This fee is charged when you use your card outside India.

Finance charges

0.75% – 3.5% per month

Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – IDFC WOW Credit Card Fees & Charges

Eligibility Criteria

Minimum fixed deposit amountExisting IDFC Bank customers : ₹2000
All other customers : ₹5000
Minimum age18 years
Occupation Salaried, self-employed, home makers, students, freshers
Income requirementsNot required (since it is a card issued against fixed deposit). Only singly-held fixed deposits will be eligible for the FIRST WOW! Credit Card.
Credit scoreNot required (since it is a card issued against fixed deposit)
Residential status– The individual should be a resident of India.
– NRIs are also eligible to apply for FIRST WOW! Credit Card, if they have an NRE Savings account relationship with the Bank.

Application Process

Step-by-step guide

WOW Credit Card online application process
The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the IDFC First Bank website. You can also visit official website of the bank and fill out the application form.

Steps –
– Fill out the online application form with basic personal details
– Fill out additional details along with basic documents details
– Verification and opening of card
– For successful applicants, the process takes 15-20 minutes, as per the IDFC website.
Offline (face to face) application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Tracking application statusClick here to track the status of your IDFC Credit Card application.

Necessary documents and verification

Required documents
– PAN Card
– Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof
– Proof of fixed deposit with IDFC First Bank
– In addition to these, you may be asked to provide additional documents.


Lifetime free secured cards typically do not have a very attractive rewards program. These cards are ideal for those who are beginning their credit journey, and/or those who like the simplicity of a lifetime free credit card. Hence such cards are good beginner cards.

IDFC First WOW! Credit Card does offer some attractive benefits like zero forex conversion fee, various insurance covers and some good partner programs described above. 

Hence your personal circumstances would decide whether the IDFC First WOW! Credit Card is a good choice for you.