IDFC First Bank
IDFC FIRST WOW! Credit Card
Data last verified: 11 October 2026
- Joining feeFree
- Annual feeFree
- Reward rate0.5% on most spends
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining feeFree
- Annual feeFree
- Lifetime freeYes
- Forex markup0%
IDFC FIRST WOW is a secured card for people starting out with credit. You keep at least Rs 20,000 in a fixed deposit, which earns up to 7.5%, and your credit limit equals the deposit. It is easy to get and helps you build a credit score.
There is no joining or annual fee, and there is 0% forex markup at all. That makes it one of the cheapest cards to use on foreign websites or trips abroad. It earns 4 reward points per Rs 200, about 0.5%, and utility bills earn less. You also get 50% off on BookMyShow and insurance cover of up to Rs 2 lakh.
It suits students heading abroad, first-time users and anyone rebuilding credit. The catch is the higher minimum deposit of Rs 20,000 and a low reward rate on regular spends.
Best for: Students and travellers spending in foreign currency, First-time credit users, People rebuilding a credit score, Applicants aged 18 to 80.
01IDFC FIRST WOW! Credit Card Rewards and Benefits
02IDFC FIRST WOW! Credit Card Annual Fee and Charges
- Joining fee
- Lifetime free
- Annual fee
- Lifetime free
- Spend-based waiver
- None
- Rewards redemption fee
- ₹99 per request
- Forex markup
- 0%
- Interest rate
- Not published
- Fuel surcharge waiver
- Yes
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹20,000 on everything else, earning 0.5%₹100
- Back each month, ₹1,200 a year₹100
- In your pocket each year₹1,200
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Anyone who wants no annual fee, ever
- Spending abroad: 0% markup, most cards add 3.5%
Skip it if…
- most of your spending is fuel: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you spend a lot on government payments: the card's terms do not state a rate there, so we count nothing
04Product Details
- Secured card issued against a fixed deposit, minimum ₹20,000
- Credit limit of 100% of the FD amount
- Lifetime free, no joining or annual fee
- 0% forex markup
- 4 reward points per ₹200 (about 0.5%)
- 50% off on BookMyShow
- Insurance cover of up to ₹2 lakh
05Pros and Cons
Pros
- 0% forex markup
- No fees
- FD earns up to 7.5% interest
- No income proof needed
Cons
- Minimum FD of ₹20,000 is higher than many secured cards
- Reward rate is only about 0.5%
- Utility bills earn a reduced rate
06How IDFC FIRST WOW! Credit Card earns Rewards
0.5% on most spends.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 0.5% | No cap | The card's normal rate |
| Dining and food delivery | 0.5% | No cap | The card's normal rate |
| Groceries | 0.5% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 0.5% | No cap | The card's normal rate |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 0.13% | No cap | All merchants in the categoryTerms: 1 reward point per ₹200 on utilities, insurance, FASTag, rail bookings and other excluded categories |
| Rent | 0.5% | No cap | The card's normal rate |
| Insurance premiums | 0.5% | No cap | The card's normal rate |
| School and college fees | 0.5% | No cap | The card's normal rate |
| Wallet top-ups | 0.5% | No cap | The card's normal rate |
| Taxes and government payments | Not stated | - | the card's terms state no rate here; many cards pay nothing on these |
| Spend abroad or in a foreign currency | 0.5% | No cap | The card's normal rate |
| Everything else | 0.5% | No cap | The card's normal rate |
Terms on the base rate. 4 reward points per ₹200 (~0.5% at ₹0.25/point) on online, offline and international spends; zero forex markup
Point value. 1 point is worth about ₹0.25 at the bank's stated value.
07IDFC FIRST WOW! Credit Card Travel Benefits
Spending abroad carries a 0% forex markup; rewards on it: 0.5% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver.
- Fuel surcharge waiver: 1% fuel-surcharge waiver on fuel transactions between ₹200 and ₹5,000, capped at ₹200 per statement cycle
08IDFC FIRST WOW! Credit Card Eligibility and Documents
- Age
- 18 to 80 years
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / address proof Fixed deposit of ₹20,000 or more (no income proof required)
09Recent Changes
What IDFC First Bank changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 18 Jan 2026 | Reduced: Second base-earn cut, re-pegged from ₹150 to ₹200, FASTag/railway to 1XSource: IDFC First Bank | 4 pts / ₹150 | 4 pts / ₹200 |
| Jan 2026 | Reduced: Rent, high-fuel and third-party-education payments pick up 1% feesSource: IDFC First Bank | None | 1% on rent (min ₹249); 1% on fuel above ₹30,000/cycle; 1% on education via third-party apps (min ₹249) |
| 1 May 2024 | Reduced: 1% + GST surcharge added on large utility-bill spends | - | - |
| 1 May 2024 | Reduced: Base reward earning cut, points re-pegged from ₹100 to ₹150 | 4 pts / ₹100 | 4 pts / ₹150 |
| 2022 | Changed: IDFC FIRST WOW launches as an FD-backed, lifetime-free secured cardSource: IDFC First Bank | - | - |
See this card's change history → · All card changes in January 2026 →
10Cards Similar to IDFC FIRST WOW! Credit Card
IDFC FIRST WOW! Credit Card is a rewards card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | IDFC FIRST WOW! Credit Card |  Federal Scapia Credit card |  SBI BPCL Credit Card |
|---|---|---|---|
| Joining fee | Lifetime free | Lifetime free | ₹499 + GST |
| Annual fee | Lifetime free | Lifetime free | ₹499 + GST |
| Rewards | 0.5% on most spends | 2% on most spends; 4% only at partner merchants | 0.25% base, up to 1.25% on dining; 3.25% only at partner merchants |
| Domestic lounge | Not included | Unlimited | Not included |
| Forex markup | 0% | 0% | 3.5% |
| Type | Rewards | Travel | Fuel |
11Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Never Miss Your IDFC FIRST WOW! Credit Card Bill
The SkyloFin app reads your bank's bill SMS, reminds you before the due date and marks the bill paid when you pay. Free on Android, and your data stays on your phone.
Common Questions
Is IDFC FIRST WOW a secured card?
Yes. It is issued against a fixed deposit of at least ₹20,000, and the limit equals your deposit.
Does it charge a forex markup?
No. There is 0% forex markup on international spends.
Will it build my credit score?
Yes. On-time repayments are reported to credit bureaus and help build your score.
Is it free?
Yes. It is lifetime free with no joining or annual fee.
What is the joining fee for the IDFC FIRST WOW! Credit Card?
The joining fee is Free. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the IDFC FIRST WOW! Credit Card?
The annual fee is Free.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with IDFC First Bank. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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