The IDFC Classic Credit Card stands out not just for its rewards and welcome gifts, but also for its unique premium privileges. These privileges span across various categories like entertainment, lifestyle, and more. From exclusive access to events to special discounts at partner stores, this card is designed to elevate your lifestyle. It’s the ideal choice for those who appreciate a zero-fee credit card, satisfactory rewards, low interest rates, and a plethora of other unique benefits.
Among the top credit cards, the IDFC First Classic Credit Card stands out. While other cards like the IDFC First Millennia Credit Card, IDFC First Select Credit Card, IDFC Wow Credit Card, IDFC First Wealth Credit Card, and many more have their own unique features, the IDFC First Classic Credit Card offers a comprehensive package of benefits that we will be introducing in this article.
| IDFC FIRST Classic Credit Card- A Snapshot | |
| Annual / Joining Fee | Nil (Lifetime Free Credit Card) |
| Best Suited For | Rewards and Online Shopping |
| Key Feature | Up to 10X Rewards Points that do not expire ever |
| Reward Rate | Offline Purchases – 3% & Online Purchases – 6% |
| Welcome Benefits | Get Gift vouchers worth INR 500Get a 5% cash back on the 1st EMI transaction |
Should You Get this Card?
Mentioned below are the reasons one should opt for the IDFC First Classic Credit Card:
- In case an individual is looking for unlimited rewards for online and offline transactions,
- It is an entry-level card for moderate spenders.
- In case an individual is looking forward to earning rewards on every transaction.
- In case one wants to get discounts on movie tickets.
- It also offers 4 complimentary railway lounge visits each quarter, which is good for frequent railway travellers.
- However, it should not be opted for during airport visits and flight bookings.
Pros & Cons
Mentioned are the pros and cons of IDFC First Classic Credit Card:
Pros:
- It is a lifetime free credit card.
- It gets a return rate of up to 2.5%, making it good for an entry-level card.
- It provides an interest-free cash withdrawal from ATMs.’
Cons:
- The welcome gift voucher is provided when, within the first 90 days of card setup, INR 15,000 is spent.
- The interest-free cash withdrawal is available for 48 days only.
Fees and Charges
Mentioned below is the list of different fees and charges to be applied on the IDFC Classic Credit Card:
| Particulars | Fee/Charges |
| Joining Fee | NIL |
| Annual Fee | NIL |
| Interest on Cash Advances | From 0.75% to 3.65% per month | 9% to 43.8% per year |
| Forex Markup | 3.5% |
| Late Payment Fee | 15%, subject to a minimum of INR 100 and a maximum of up to INR 1,300 |
| Cash Advance Fee | INR 250 |
| Reward Redemption Fee | INR 99 |
| Over-limit Fee | 2.5%, min. INR 550 of the over-limit amount |
Benefits & Privileges
Mentioned below are the features and benefits of IDFC First Classic Credit Card:
| Credit Card | IDFC Rewards | Accelerated Reward program | Validity | Reward valuation | Fee on reward redemption | Reward Exceptions |
|---|---|---|---|---|---|---|
| IDFC First Classic Credit Card | 6X reward points on online spending up to INR 20,000. 3X reward points on offline purchases up to INR 20,000 | 10X reward points on spending more than INR 20,000 per month and as a special reward on your birthday | Lifetime validity | 1 reward point for every INR 150 spent, 1 reward point equals Rs.0.25 | Rs.99 | Insurance, fuel, cash withdrawals, and EMI transactions: 10X reward program doesn’t include spending on rental and property management transactions |
- Reward Benefits Program:
- Get 10X reward points when INR 20,000 or more are spent in a month.
- Get 10X reward points when INR 20,000 or more are spent on a birthday.
- Get 6X reward points when INR 20,000 or more are spent in a month on making online purchases.
- Get 3X reward points when INR 20,000 or more are spent in a month on making purchases offline.
Steps to View Reward Points
- The official website of HDFC should be logged in.
- Open the internet banking account of IDFC First.
- Under the tab “Main Menu”, click “Have”.
- Now, click the option “Cards”.
- Next, choose the preferred card.
- On the credit card summary page, click the option “Available Reward Points”
- Now, to view reward points, click “Earned in the current billing cycle”. These are for viewing purposes and can be redeemed once the statement is generated.
Steps to Redeem Reward Points
- The official website of IDFC should be logged in.
- Visit the “Reward Redemption” portal to log in with the registered mobile number.
- Click on “Reward Points” to redeem.
- Choose the brand against which the voucher is to be redeemed.
- Choose the value and number of the voucher that is to be purchased.
- Provide delivery details of the voucher.
- Click “Confirm and Proceed”.
- Joining Benefits:
- When you spend INR 5,000 or more in the first 30 days after the card is issued, you will receive a welcome voucher worth INR 500.
- When the first EMI is converted within the first 30 days of the card’s issuance, you’ll receive a 5% cashback on the transaction value.
- Convenience Benefits:
- Get transactions above INR 2500 converted into easy EMIs.
- It allows balance transfers of other credit cards to the IDFC First Classic Credit Card as well.
- Other Privileges:
- Get a discount of 25% on booking movie tickets.
- Get 4 complimentary railway lounge access every 3 months.
- Get up to 1% waiver on fuel surcharge.
- Get a discount of up to 20% on different restaurants.
- Get a discount of 15% at 3,000 plus health and wellness merchants.
- Get a personal accident cover worth INR 2,00,000.
- There are no annual fees or charges.
- Get an Interest-free cash withdrawal on Domestic and international ATM vestibules for up to 48 days.
Documents Required
Mentioned below is the list of documents required to be submitted in order to apply for IDFC First Classic Credit Card:
- Identity Proof – Aadhar Card, Voter’s ID, Driving License, PAN Card, Passport
- Address Proof – Latest monthly utility bills, Aadhar Card, or Passport
- Latest Salary Slips/ Latest Bank Statements or latest Audited ITR
Eligibility Criteria
Mentioned below are the eligibility parameters that are to be met in order to apply for IDFC First Classic Credit Card:
- An applicant should be at least 18 years of age.
- The primary applicant should be a resident of India.
- An applicant should either be salaried or self-employed.
- An applicant should have a good credit score, which will further increase the chances of being eligible.
