Our Money Guide

By: OurMoneyGuide || Last updated on: April 28, 2024

The IDFC FIRST Classic Credit Card is an entry level card from IDFC First Bank, with a minimum income requirement of ₹3 lakhs per year (₹25000 per month).

The card is lifetime free. Lifetime-free credit cards are a popular choice among customers who want simplicity and do not want to do a detailed cost benefit analysis of their credit card.

The card offers a range of benefits like complimentary railway lounge access (4 times per quarter), movie benefits, roadside assistance, complimentary insurance covers.

IDFC Classic Card

Brief Summary

4.0 / 5

Our View

The IDFC First Millennia Credit Card is best for those who want a lifetime free card. Such cards are attractive for those who do not want to do a cost benefit analysis of various cards, and for those who do not want to keep a track of their annual card spends (since many cards offer annual fee waivers based on yearly card spends).

However, such cards usually come with a comparatively lower reward rate.

IDFC Classic Card

on IDFC First Bank website

IDFC FIRST Classic Credit Card

Special Benefits

Lifetime free card

Other Benefits

Complimentary railway lounge access

Minimum Income

Not specified

Annual Fee

Zero

Annual Fee Offers

Welcome offer worth over ₹500

Pros and Cons of IDFC FIRST Classic Credit Card

Pros

  • The card is a good choice for those who value the simplicity of a lifetime free card
  • The card offers a range of benefits like complimentary railway lounge access (4 times per quarter), movie benefits, roadside assistance, complimentary insurance covers. 

Cons

  • Low reward rate on card spends

Features & Benefits of IDFC FIRST Classic Credit Card

Lifetime free card

There is no annual fee on the card. You also get welcome offers-
– You get a welcome voucher worth ₹500, on spending ₹5000 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.

 On monthly card spends upto ₹20,000 : 0.50% benefit on all card spends (3X)

You earn 3 reward points on every ₹150 you spend on your card, meaning 2 reward points (worth ₹0.50) on every ₹100 you spend – 0.50% benefit.

Note : 
– You earn no reward points on fuel, 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 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 .

 On monthly card spends above ₹20,000 & on your birthday : 1.66% benefit on all card spends 

You earn 10 reward points on every ₹150 you spend on your card, meaning 6.66 reward points (worth 1.66) on every ₹100 you spend – 1.66% benefit.

Note – rental & property management related spends, insurance spends, education spends, wallet loads, government spends, and utility bill payment spends will not be a part of 10X reward program and 10X threshold calculations. These spends would earn 3X rewards, meaning 0.50% benefit, as explained in the previous section.

Complimentary railway lounge access – 4 times per quarter

You get 4 complimentary visits per calendar quarter, to participating railway lounges in India. 

Important points to note
– Lounge facilities include 2 hours of stay, comfortable seating, buffet meal, tea/coffee, Wi-Fi, and newspapers/magazines.
– Cardholders can bring one guest at no extra charge. Guests must present a valid train ticket and government issued ID. Guest access is subject to participating lounge’s terms and conditions.
– Lounge access can be shared between primary and add-on cardholders

25% discount (upto ₹100) on movie tickets at Paytm 

You get a 25% discount (upto maximum ₹100), on movie tickets on the Paytm mobile app. The minimum booking requirement is one movie ticket.

The offer is applicable once per calendar month.

Emergency complimentary 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.

Fuel surcharge waiver, upto ₹200 per month

You get a 1% fuel surcharge waiver , at all fuel stations across India. This benefit is valid only on fuel transactions between ₹200 and ₹5000, and only on fuel purchases upto ₹20,000 per month (since the waiver amount is capped at ₹200 per monthly card statement cycle).

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.

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 FIRST Classic Credit Card Fees and Charges

Annual fee

Annual feeAnnual fee offers
1st year joining feeLifetime free Welcome offers
– You get a welcome voucher worth ₹500, on 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.
Renewal fee from 2nd year onwardsLifetime free

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 ₹1300.

Finance charges
0.75% – 3.65% per month (9% – 43.8% per annum) on outstanding balances, depending on the profile of the cardholder.

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 First Credit Card Fees & Charges

Eligibility Criteria

Minimum income requirements₹3 lakhs per year
Minimum age18 years
Occupation Salaried, self-employed
Credit scorePreferably above 750

Application Process & Tracking Your Application Status

Step-by-step guide

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
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 your application status Click 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
Income documents : salary slip, income tax return etc.

In addition to these, you may be asked to provide additional documents on a case to case basis.
Apply Now

on IDFC First Bank website