"India's lowest interest rate credit card โ 9% p.a. starting rate, zero forex markup, lifetime free, secured against FD with no income proof"
No ratings yet โ be the first to rate below!
Quick Summary
๐ณ Joining Fee
Nil โ Lifetime Free
๐ Renewal Fee
Nil โ Lifetime Free
Waived: No fee โ lifetime free card secured against Fixed Deposit
๐ฏ Best Suited For
Anyone who wants a true low-interest credit card; NRIs who need zero forex markup; students, homemakers and self-employed without income proof who want a credit card against FD; those building a credit profile from scratch; international travellers who want zero forex fees
๐ Reward Type
Reward Points (1 RP = โน0.25; RPs never expire)
๐ Welcome Benefit
5% cashback (up to โน1,000) on first EMI transaction within 90 days of card issuance; 20% off at 1,500+ restaurants and 15% off at 3,000+ health and wellness outlets; complimentary roadside assistance worth โน1,399 (4 times per year)
๐ฐ Reward Rate
4 Reward Points per โน200 on all online, offline and international spends; 1 Reward Point per โน200 on insurance premium payments, utility bill payments, FASTag recharges and railway spends; 10% bonus RPs on hotel bookings and 5% bonus RPs on flight bookings via IDFC FIRST Rewards Gallery app; no RPs on fuel, EMI transactions or cash withdrawals; RPs never expire
โ๏ธ Lounge Access
No airport lounge access on the standard WOW! card; available on IDFC FIRST WOW! Black variant (โน750 joining fee) which offers complimentary domestic lounge access
India's lowest interest rate starting at 9% p.a. (0.75%/month) โ best for those who carry a balance
Truly lifetime free โ zero joining and annual fee
Zero forex markup โ premium feature on a free secured card
No income proof or CIBIL score needed
Reward Points never expire
Interest-free cash withdrawals for 45 days
Complimentary UPI RuPay card for daily payments
20% off at 1,500+ restaurants
Personal accident cover โน2 lakh
โ Cons
No airport lounge access (available on WOW! Black at โน750 fee)
Requires Fixed Deposit of โน20,000 as collateral
High redemption fee of โน99 per transaction reduces RP value
Low RP value of โน0.25 per point
No rewards on fuel, EMI, cash withdrawals
Interest rate can go up to 42% p.a. for less creditworthy applicants
๐ Rewards & Benefits
Reward Type
Reward Points (1 RP = โน0.25; RPs never expire)
Welcome Benefits
5% cashback (up to โน1,000) on first EMI transaction within 90 days of card issuance; 20% off at 1,500+ restaurants and 15% off at 3,000+ health and wellness outlets; complimentary roadside assistance worth โน1,399 (4 times per year)
Reward Rate
4 Reward Points per โน200 on all online, offline and international spends; 1 Reward Point per โน200 on insurance premium payments, utility bill payments, FASTag recharges and railway spends; 10% bonus RPs on hotel bookings and 5% bonus RPs on flight bookings via IDFC FIRST Rewards Gallery app; no RPs on fuel, EMI transactions or cash withdrawals; RPs never expire
Reward Redemption
Redeem via IDFC FIRST Bank Rewards Gallery or partner merchants; 1 RP = โน0.25; โน0.50 for travel bookings via Rewards Gallery app; redemption fee โน99 + GST per transaction; pay with RPs at partner merchants instantly
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between โน200 and โน5,000; maximum โน200 per month
Lounge Access
No airport lounge access on the standard WOW! card; available on IDFC FIRST WOW! Black variant (โน750 joining fee) which offers complimentary domestic lounge access
Spend Based Fee Waiver
Not applicable โ card is lifetime free
Milestone Benefits
No fixed milestone benefits; continuous reward accumulation with no expiry
Other Benefits
Interest rate starting from 0.75%/month (9% p.a.) โ India's lowest for a credit card; interest-free cash withdrawals for up to 45 days (cash advance fee โน250 per transaction); credit limit = 100% of FD value; minimum FD โน20,000 (residents) or โน25,000 NRE FD (NRIs); RuPay Digital add-on card for UPI payments (complimentary); 20% off at 1,500+ restaurants; 15% off at 3,000+ health and wellness outlets; personal accident cover โน2 lakh; lost card liability โน25,000; purchase protection โน25,000
โจ Special Perks & Exclusive Offers
Memberships
Details coming soon
Insurance Cover
Personal accident cover โน2,00,000 (valid on doing at least 1 transaction in last 30 days); lost card liability cover โน25,000; purchase protection โน25,000
Add-on Cards
Complimentary FIRST Digital RuPay Credit Card for UPI payments (linked to same account and credit limit)
Concierge Services
Details coming soon
Special Offers
Zero forex markup on international spends; 4X rewards on international purchases; RuPay UPI card for everyday payments; 20% dining discounts at 1,500+ restaurants; 15% off at 3,000+ wellness centres
๐ณ Fees & Interest Rates
Joining Fee
Nil โ Lifetime Free
Annual Fee / Renewal Fee
Nil โ Lifetime Free โ Waived on: No fee โ lifetime free card secured against Fixed Deposit
Interest Rate (APR)
๐กPay your balance in full each month and this never applies to you.
0.75% to 3.5% per month (9% to 42% per annum) โ starting rate of 9% p.a. is India's lowest; rate depends on creditworthiness; late payment: 15% of total amount due (minimum โน100, maximum โน1,300)
ATM Cash Withdrawal / Cash Advance
โน250 flat per cash withdrawal (interest-free for up to 45 days)
Late Payment Charges
15% of total amount due, minimum โน100, maximum โน1,300
Over Limit Charges
As per IDFC FIRST Bank policy
Cheque Bounce / Auto-Debit Return
Details coming soon
Other Charges
Redemption fee โน99 + GST per redemption transaction; cash advance: โน250 flat (no interest for 45 days); maintain FD for credit limit โ FD earns 6.25%+ interest while providing the credit limit
๐ Eligibility & Credit Limit
Eligibility Criteria
Age 18+ years; Indian resident (or NRI with NRE FD); no income proof required; no credit score check; minimum Fixed Deposit โน20,000 (residents) or โน25,000 NRE FD (NRIs) with IDFC FIRST Bank; apply via IDFC FIRST Bank app or website
Credit Score Requirement
No CIBIL score required โ 100% approval for eligible FD holders
Credit Limit
100% of Fixed Deposit value; minimum โน20,000 (based on โน20K FD); no maximum โ matches FD amount; link more FDs to increase limit
๐ EMI, Balance Transfer & Debt Management
EMI Conversion
Available on transactions above โน2,500; instant EMI on OTP page for online transactions; tenures 3โ18 months
Balance Transfer Facility
Available from other bank credit cards; tenures 3โ18 months
Balance Transfer Interest Rate
As per IDFC FIRST Bank prevailing rates
Balance Transfer Charges
Details coming soon
๐ Security & Fraud Protection
Card Block Feature
Instant block via IDFC FIRST Bank mobile app or customer care
Instant Fraud Alerts
SMS and email alerts for every transaction
Purchase Protection
Purchase protection cover โน25,000; lost card liability โน25,000
Virtual Card Numbers
Virtual card available via IDFC FIRST Bank app
Zero Liability Protection
Zero liability on unauthorized transactions after timely reporting
๐ Customer Service & Digital Experience
Phone Support
1860 500 9900 (24x7)
Chat / Email Support
Chat via IDFC FIRST Bank mobile app; in-app support and card management
Mobile App
IDFC FIRST Bank app: full card management, FD linking, rewards tracking, EMI conversion, bill payment, UPI via Digital RuPay add-on card
Online Banking
Full management via IDFC FIRST Bank website and app: statements, payments, redemption, FD management
American Express 
AU Small Finance Bank 
Axis Bank 
Bank of Baroda 
Federal Bank 
HDFC Bank 
HSBC Bank 
ICICI Bank 
IDFC First Bank 
Indusind Bank 
Kotak Bank 
RBL Bank 
SBI Card 
Standard Chartered Bank 
YES Bank 
Leave a Reply