IDFC FIRST WoW Credit Card

IDFC First WoW Credit Card Review

If you are a young avid traveller with less or zero credit history and yet you are looking for a zero-forex markup credit card to put an end to hefty forex markup woes. IDFC First has a little something for you, the IDFC First WOW Credit Card is a Fixed Deposit secured credit card which needs no credit history or a credit score threshold. The card comes at Zero Joining & Renewal Fees making it a lifetime free credit card & to top it all off, there are a host of other benefits and a rewards program offering generous returns on your spends.

Let us dive deeper into the benefits, features, eligibility and overall review for IDFC First Wow Card to see if this card is worth it.

What Is IDFC First WoW Credit Card?

IDFC First WoW Credit Card is an FD Secured Lifetime Free Credit Card with zero-forex markup that is suitable for young individuals with little or zero credit history.

IDFC FIRST WoW Credit Card Benefits

• Zero Joining & Zero Annual Fee
• Zero Forex Markup
• 50% discount on movie tickets via Bookmyshow
• 4x Non Expiring Reward  Points – (not applicable on Fuel, EMI transactions & Cash withdrawals & 1x on Insurance & Utilities)

Analysis – The card does not offer any significant range of benefits as such, but we also have to account for the fact that it is an entry level lifetime free card and therefore Zero Forex Markup alone makes it pretty worth it. The rewards program is also okayish wherein you will get almost 0.6% value back as reward points on your spends.

IDFC First WoW Card Lounge Access

There is no lounge access available or offered on the IDFC First WoW Card. Ideally, they should have offered lounge access as they offer zero-forex markup to appeal a user segment who likes to travel.

How to apply for IDFC FIRST WoW Credit Card

You can apply for the IDFC First WoW Credit Card online or offline as per your comfort. To apply offline, visit the IDFC First Bank branch nearest to you with all the necessary documents and apply for the card by filling out the offline application form. You can also apply online by following a few simple steps as follows:

• Visit the IDFC First Bank’s official website.
• Select the ‘Credit Cards’ option
• Click on the option ‘Millennia’ card.
• Now, click on Apply Now and proceed further by filling in all the required details.

IDFC WoW Card Eligibility

The basic eligibility requirements that are required to be fulfilled by individuals in order to get approved for the IDFC FIRST WoW Credit Card are as follows:

• The applicant’s age should be at least 21 years.
• The applicant should have funds to open a Fixed Deposit.

There is no need of income proof or credit history for this card and for the same reason this card is a good fit for college students.

Documents Required for IDFC FIRST WoW Credit Card

The documents required to apply for the IDFC FIRST WoW Credit Card are listed below:

• Aadhar Card, Electoral Id, PAN Card, Driving License, or Passport as proof of identity.
• Latest months’ utility bills, rent agreement, Aadhar Card, or Passport as proof of address.

IDFC FIRST WoW Credit Card Rewards Program

IDFC Rewards Program are one of the most straightforward reward programs. And when it comes to the WoW card, the rewards are generous enough considering that it is a lifetime free card and does not even need a good credit history to get approved for. The best part about the points are that they never expire and the redemption process is very convenient and smooth.

Here is a breakdown on what kind of spend will earn you how many reward points –

• *1X = 1 Reward Point per ₹150 spent | 1 Reward point = ₹0.25.
• 4x Reward Points on all spends.
• Rewards program not applicable on Fuel, EMI transactions & Cash withdrawals.
• Insurance premium payments and Utility bill payments earn 1x reward points.
• Never Expiring Points.
• Redeemable anytime anywhere.
• Reward point as good as cash.

Analysis on rewards – if you break this reward structure in simple understandable figure. For every ₹100 that you spend on this card you will earn ₹0.16 – ₹0.64* as rewards.

IDFC First WoW Credit Card Review

I feel that IDFC First WoW is a suitable for youngsters who do not have an income proof or a credit history that generally enables one to get a credit card. The host of benefits that are provided are suitable for day-to-day lifestyle spends and for international travel as well with their zero forex markup.

It can also be a good way starting a credit history early on and eventually build a good credit score early on as credit age is one of the metrics which acts a positive contributor to your credit score. There are a few other zero forex cards too that you can check out if zero forex was the only reason why you were considering this card.