IDFC Wow Credit Card
Updated on October 29, 2026
🎖️Reward Rate
Online, Offline and International Spends: 4 reward points per ₹200
Overview
IDFC FIRST WOW! is a lifetime-free credit card backed by your fixed deposit, with zero forex markup and no income proof or credit history needed.
Rewards
Reward Type
Reward Points
Reward Rate
- • Online, Offline and International Spends: 4 reward points per ₹200
- • Insurance, Utilities, FASTag and Railways: 1 reward point per ₹200
- • Exclusions: No points on fuel, EMI transactions or cash withdrawals
- • Limit: Points are earned only on spends up to your credit limit in each billing cycle
Redemption
- • Point Value: 1 reward point = ₹0.25
- • Where to Redeem: Pay for online or in-store purchases with points, or redeem offers at firstrewards.in
- • Redemption Fee: ₹99 plus GST per redemption
- • Validity: Points expire 24 months after they are credited
Benefits
- Zero Forex: No markup on international spends
- Cash Withdrawals: No interest for up to 45 days, up to 100% of your FD value
- Travel Bookings: 10% bonus points on hotels and 5% on flights booked through FIRST Rewards Gallery in the IDFC FIRST app
- FD Interest: Your fixed deposit keeps earning interest
- Insurance: ₹2 lakh personal accident cover, ₹25,000 card liability cover and ₹25,000 purchase protection
Things to Know Before you apply
IDFC Wow Credit Card Eligibility Criteria
- Age: 18–80 years
- No income proof or credit history needed. You need a fixed deposit of at least ₹20,000 with IDFC FIRST Bank, and your credit limit is 100% of the FD value.
- Salaried & Self-Employed Individuals
- Indian citizen with a permanent address in India. NRIs can apply with an NRE savings account and an NRE fixed deposit of at least ₹25,000.
Fees & Charges
| Particulars | Amount |
|---|---|
| Joining Fee | Free |
| Annual Fee | Free |
| Foreign Currency Mark-up Fee | 0% |
| Cash Advance Fee | ₹199 plus GST per withdrawal at ATMs abroad, with no interest for up to 45 days. |
Fee waiver: Lifetime free. No joining or annual fee.
PaisaSimple Review
Overall Rating
3.3/5What do we like about this card?
Rated 3.3 out of 5. The IDFC Wow Credit Card scores well for no fees, a 0% forex markup and approval against a fixed deposit of ₹20,000 with no income proof or credit history. It loses marks because points are worth ₹0.25 (about 0.5% back) with a ₹99 redemption fee and there is no lounge access.
Pros
- • No Fees: Lifetime free
- • Zero Forex: No markup on international spends
- • Easy Approval: No income proof or credit history needed
- • FD Interest: Your deposit keeps earning interest
- • Cash Withdrawals: No interest for up to 45 days
Cons
- • Deposit Needed: Requires a fixed deposit of at least ₹20,000
- • Credit Limit: Capped at your FD value
- • Redemption Fee: ₹99 plus GST each time you redeem points
- • No Lounge Access: Airport lounges are not included
Frequently Asked Questions
What is the joining and annual fee of the IDFC Wow Credit Card?
The card is lifetime free, with no joining fee and no annual fee.
What rewards does the IDFC Wow Credit Card give?
Online, Offline and International Spends: 4 reward points per ₹200. Insurance, Utilities, FASTag and Railways: 1 reward point per ₹200. Exclusions: No points on fuel, EMI transactions or cash withdrawals. Limit: Points are earned only on spends up to your credit limit in each billing cycle.
How do I redeem the rewards on the IDFC Wow Credit Card?
Point Value: 1 reward point = ₹0.25. Where to Redeem: Pay for online or in-store purchases with points, or redeem offers at firstrewards.in. Redemption Fee: ₹99 plus GST per redemption. Validity: Points expire 24 months after they are credited.
Does the IDFC Wow Credit Card give airport lounge access?
No. Airport lounges are not included.
What is the forex markup on the IDFC Wow Credit Card?
There is no forex markup on international spends.
Who can apply for the IDFC Wow Credit Card?
Applicants should be 18 to 80 years old. Open to salaried and self-employed individuals. No income proof or credit history needed. You need a fixed deposit of at least ₹20,000 with IDFC FIRST Bank, and your credit limit is 100% of the FD value. Indian citizen with a permanent address in India. NRIs can apply with an NRE savings account and an NRE fixed deposit of at least ₹25,000.
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- • Welcome / Onboarding Benefit: Earn 500 Reward Points on spend of ₹5,000 within 60 days of card issuance
- • Online, Offline and International Spends: 4 reward points per ₹200
- • Insurance, Utilities, FASTag and Railways: 1 reward point per ₹200
- • Exclusions: No points on fuel, EMI transactions or cash withdrawals
- • Limit: Points are earned only on spends up to your credit limit in each billing cycle
- • Top 2 Categories: 5X reward points on your top 2 spend categories each month
- • Other Spends: 1 reward point per ₹50
- • Exclusions: No points on fuel, wallet loads, cash, rent or government
- • Reward Rate: 2 Reward Points per ₹100 spent on all other categories
- • No Fees: Lifetime free
- • Zero Forex: No markup on international spends
- • Easy Approval: No income proof or credit history needed
- • FD Interest: Your deposit keeps earning interest
- • Cash Withdrawals: No interest for up to 45 days
- • No Fees: Lifetime free
- • Auto Bonus: 5X on your top 2 categories
- • No Expiry: Points never expire
- • App Controls: Full control in the app
- • Deposit Needed: Requires a fixed deposit of at least ₹20,000
- • Credit Limit: Capped at your FD value
- • Redemption Fee: ₹99 plus GST each time you redeem points
- • No Lounge Access: Airport lounges are not included
- • App Only: Redemption and controls are app-based
- • Many Exclusions: No points on fuel, rent and wallets
- • Partner Banks: Terms depend on the issuing partner bank