Features
Welcome benefits
- Voucher worth Rs. 500 on spending Rs. 15,000 or more within 90 days of card setup
- 5% cashback (up to Rs. 1,000) on the transaction value of first EMI done within 90 days of card setup
Cashbacks & Rewards
- 10X Reward Points on every Rs. 150 spent on spends above Rs. 20,000 per month and spends done on your birthday
- 6X Reward Points on every Rs. 150 spent on online shopping for spends upto Rs. 20,000
- 3X Reward Points on every Rs. 150 spent on offline shopping for spends upto Rs. 20,000
- (1X = 1 Reward point per ₹150 spent | 1 Reward point = ₹0.25)
- 4 complimentary Railway lounge visits per quarter
- Fuel surcharge waiver of 1%, at all fuel stations across India, up to Rs. 200/month
Pricing
- No annual fee. Lifetime Free Credit Card
Documents Required
- Depending on offer generated all offers have a no- document option along with below offers
- Card statement (card vintage more than 12 months) for Salaried and Self-employed
- Last 6 months bank statement (salary account) for Salaried
- Latest ITR with 3 months Bank statement for Self-employed
IDFC First Classic Credit Card
This card issued by IDFC Bank comes with low interest rates, great discounts, and unlimited reward points that never expire. Apply for this credit card at CreditMantri and enjoy the benefits.Quick Highlights of The First Classic Credit Card
Lifetime free credit card with zero annual fee |
Up to 10x reward points that never expire |
Convenience fee for reward redemption of Rs. 99 effective from 1st October 2022 |
Low interest rates starting from 0.75% to 3.5% per month (9% to 42% per annum) |
Overlimit charges of 2.5% of the overlimit amount for transactions exceeding the credit limit |
Forex Markup at 3.5% for all transactions |
Late payment fee - 15% of the total outstanding amount (subject to a least amount of Rs. 100 and a maximum of Rs.1250) |
Cash advance fee of Rs. 250 on international and domestic transactions |
IDFC First Classic Credit Card - Benefits and privileges
Rewards:
- 10x reward points on spends exceeding Rs. 20,000
- 10x reward points on spends done for your birthday.
- 6x reward points on online purchases for spends up to Rs. 25,000
- 3x reward points on offline purchases for spends up to Rs. 25,000
- Reward points are unlimited and will never expire
- You can redeem reward points easily
- A convenience fee of Rs. 99 plus applicable taxes will be charged on rewards redemption effective October 1st 2022.
- Earn 1 reward point per Rs.150 spent
- 1x = 1 reward point, 1 reward point = Rs. 0.25
The following are not included for rewards:
- Rewards program is not applicable for Fuel, insurance transactions, EMI, and cash withdrawals.
- Rental and property management transactions will not earn 10x reward points but they are included for 3x reward points.
Welcome Privileges
- Welcome voucher worth Rs. 500 on spends of Rs. 15,000 or more.
- Spends should be done within 3 months of card issuance.
- 5% cashback (Up to Rs. 1000) on the first EMI transaction done within 3 months of issuing the card.
Other Offers:
- Movie discounts: 25% discount on movie tickets (up to Rs. 100)
- 300+ merchant offers all throughout the year
- Up to 20% discount at 1500+ restaurants
- Up to 15% discount at 3000+ health and wellness outlets
- 4 complimentary railway lounge visits per quarter
- Fuel surcharge waiver of 1% across all fuel stations in India (Up to Rs. 200 per month)
- Personal Accident Cover of Rs. 2,00,000 (This is valid on doing at least one transaction using the FIRST Classic Credit Card in last 30 days)
- Lost card liability cover of Rs. 25,000
Other Benefits:
All these benefits are subject to the eligibility criteria set by the bank.- Conversion of all transactions above Rs. 2500 into easy and convenient EMIs from your mobile app.
- All online transactions above Rs. 2,500 can be converted to EMIs instantly on the bank’s OTP page.
- You can conveniently transfer the balance on other cards to the IDFC credit card using the balance transfer option.
First Classic Credit Card - Fees and Charges
Joining Fees | Nil |
Annual Fees | Nil |
Add on card Fees | Nil |
Interest rate on cash advances, cash purchases, and outstanding balances due | Monthly rate - 0.75% - 3.5% Annual Rate - 9% - 42% |
Overdue Interest (will be charged if you don’t pay the minimum amount due by the payment due date) | Monthly Rate - 3.99% Annual Rate - 47.88% |
Cash advance transaction fee (Certain international outlets or ATMs allow the conversion of international currency to INR at the time of withdrawal or sale. Then the cash advance transaction fee may include any charges levied by the service provider) | Rs. 250 |
Late payment charges | 15% of the total amount due (subject to a least of Rs. 100 and a maximum of Rs. 1250) |
Overlimit Charges | 2.5% of the over limit amount (Subject to a minimum charge of ₹500) for transactions that exceed the credit limit |
Return of cheque/auto debit/payment return | Rs. 250 for each returned cheque, auto debit, or payment return |
Fee on cash payment at branches | Nil |
Outstation cheque processing fee | Nil |
Duplicate statement request | Nil |
Card replacement fee | Rs. 100 |
Cheque/Cash processing fee | Nil |
Charge Slip request | Nil |
Forex markup fee | 1.99% |
EMI Fees | 1% of transaction value (minimum Rs. 99) |
Fuel Surcharge Waiver | Rs. 300 per statement cycle (The fuel surcharge is levied by the merchant and the upper limit on fuel surcharge waiver will be capped at 1%) |
Eligibility Criteria For First Classic Credit Card
- Age Policy: 21 years and above.
- The applicant must qualify as an Indian resident and must have a current or permanent residential address within India. He/she must belong to any one of the sourcing locations as specified by the bank.
- Credit Score: The applicant must have a good credit score and there must be no history of defaulting on loans or credit cards. The credit score indicates that the person will pay his dues on time.
- Income: The minimum net monthly income of Rs. 25,000 (subject to change).
- Internal Policy Criteria: The bank carries out certain internal policy checks on the customer before deciding to issue the credit card. These are based on his credit history, current relationship with the bank, customer demographics, and credit exposure. The bank will issue the credit card based on the evaluation of his/her credentials. The final decision is at the bank’s discretion, and it can issue the credit card in spite of the applicant not meeting the eligibility criteria
Documents Required for First Classic Credit Card
Identity Proof | Either of the following:
Or any other photo ID authorized by the government. |
Income Proof |
|
Address Proof | Either of the following:
|
How to Apply For the First Classic Credit Card?
1. Online Through the CreditMantri website
- After knowing about all the features of the First Classic Credit Card and determining whether it is suitable for you, click on “Check Eligibility”
- The application page is loaded
- Enter the basic details asked for and click ‘Submit’
- An OTP will be transmitted to your mobile.
- Enter this OTP for validation
- Proceed with the rest of the application.
2. Online Through The Bank’s Website
- Visit the website of IDFC FIRST Bank.
- Click on ‘personal banking’.
- Choose the tab called ‘Cards’.
- Click on FIRST Classic Credit Card
- Input the Name as per Aadhaar, Date of Birth, and Mobile number.
- Click ‘Get OTP’
- Once done, enter your primary details.
- A representative of the bank will get in touch with you and tell you about the next set of steps to be followed.
3. Offline
You can apply for the credit card offline by visiting the bank’s branch and submitting an application form, calling customer care, sending an SMS, through mobile app, etc.First Classic Credit Card Bill Payment
Here are payment options given by IDFC Bank for you to make credit card bill payments easily and conveniently.
1. Through Netbanking or debit card: IDFC Bank offers efficient net banking services to help you pay your credit card bills easily from anywhere and anytime. You can use any bank account to pay through net banking or debit cards
Simple steps to pay via net banking for IDFC First Bank App Users
- Go to credit card > Pay Bill
- Pay your credit card bill after you login to netbanking
- To automate your payments, you need to register an auto-debit instruction on your IDFC First Bank account. Follow the steps above and enable ‘Autopay future bills’.
Easy steps to pay via net banking for IDFC First Bank Mobile Banking (Old) App Users
- Download the IDFC First Bank Mobile App
- Go to credit card > Pay Bill
- Pay your credit card bill after you login to the mobile app.
- To automate your payments, you need to register an auto-debit instruction on your IDFC First Bank account. Follow the steps above and enable ‘Autopay future bills’.
2. UPI
- Open the banking or BHIM app that is enabled by UPI
- Go to the UPI section in your app.
- Go to send money
- Enter your ‘<16 digit card number>. cc@idfcbank’ as UPI ID
3. IMPS/NEFT payments
You can make instant payments via IMPS/NEFT by entering the mentioned payee/beneficiary/receiver details:
- Payee name or the name on your IDFC Bank credit card
- Payee Account Number: Your IDFC First Bank credit card number which is 16 digits
- Bank name: IDFC First Bank.
- IFSC Code: IDFB0010225
4. Other payment options
- Making a cash deposit: Visit the nearest IDFC Bank branch and pay your credit card bill by depositing cash into your credit card account
- Drop a cheque at an IDFC First Bank branch/ATM near you. This cheque should be written in favor of the 16-digit IDFC First Bank credit card number. The format is ““IDFC FIRST Bank Credit Card XXXXXXXXXXXXXXXX”
Conclusion
The First Classic credit card is a lifetime free credit card that offers multiple premium benefits. Apply for this card and enjoy a world of reward points and discounts. You can apply for this card at CreditMantri. Do a free credit score check and download your credit report before you apply.FAQs of IDFC First Classic Credit Card
1. What is the First Classic Credit Card Credit Limit?
The credit limit is flexible and will be determined based on your income, credit score, job stability etc. You will get a credit limit up to 2 times your salary with subsequent increase based on your credit card use. The payment and statement dates are flexible.
2. Can I pay rent using an IDFC credit card?
Yes, you can pay rent using an IDFC credit card. You will earn 3x reward points for rental transactions.