If you want to try a premium credit card without paying fees like premium cards charge, the IDFC FIRST Wealth Credit Card might interest you. It’s a metal card from IDFC FIRST Bank designed for travelers and high spenders. IDFC FIRST Wealth Credit Card targets high-net-worth individuals, people with a high income or a strong relationship with the bank. In this article, we will discuss its features, rewards, travel benefits, and whether it works for you.
IDFC FIRST Wealth fees
Joining fees: IDFC FIRST Wealth Credit Card has no joining fees
Annual fees: IDFC FIRST Wealth Credit Card is life-time free credit card
Welcome benefits: ₹500 voucher on ₹15,000 spent in 90 days. 5% cashback (up to ₹1,000) on first EMI in 90 days.
IDFC FIRST Wealth Credit Card eligibility
IDFC First Wealth is life-time free but the eligibility criteria is like that of premium cards.
You usually need a net monthly income of ₹3 Lakhs or an annual income of ₹36 Lakhs (ITR).
If you have a “Wealth” savings account with IDFC FIRST Bank, maintaining a high average balance, you may be pre-approved for this card.
Note: If your income is lower , you will likely be offered the “Select” variant instead, which is also good but has fewer benefits.
IDFC FIRST Wealth Credit Card rewards
Base reward Rate:
You earn 3 points per ₹150 spent if you spend up to ₹20,000 a month.
Accelerated reward rate:
Once you cross ₹20,000 spending in a month, you earn 10 reward points per ₹150 spent.
Let’s say you spend ₹20,000 in a month, you will earn (20,000 ÷ 150) × 3 = 400 points. But if you spend ₹50,000,the next ₹30,000 will help you earn (30,000 ÷ 150) × 30 points = 6,000 points. So the total reward points earned becomes 6,400 points.
Travel bookings
You can earn extra reward points on travel bookings by using the “Travel & Shop” section on the IDFC FIRST Bank platform. For hotel bookings, you earn 50 reward points per ₹150 spent, while for flight bookings, you earn 20 reward points per ₹150 spent.
What’s best credit card for you? Book a free consulation with an expert to find out!
Here’s a table to understand reward program on IDFC FIRST Wealth Credit Card
| Category | Reward points per ₹150 |
| Base Reward Rate | 3 reward points if spent up to ₹20,000 |
| Accelerated Reward Rate | 10 reward points if amount above ₹20,000 |
| Travel – Hotel Booking | 50 reward points if booked via Travel & Shop |
| Travel – Flight Booking | 20 reward points if booked via Travel & Shop |
| Birthday Bonus | 10 reward points on all spends during your birthday month |
| Spends Not Eligible for Rewards | Fuel, EMI conversions, fees & GST, loan on card, balance transfer, cash withdrawal, and transactions below ₹150 |
| FIRST Digital Credit Card Rewards | Above ₹2,000, 3 points
Up to ₹2,000 → 1 point |
Redemption return:
1 reward point = ₹0.25. Lets say if you have 6000 reward points, you will get 6000*0.25 = ₹1,500.
IDFC FIRST Wealth Credit Card travel benefits
Domestic and international airport lounge access
You get 2 free entry per quarter to domestic airport lounges and International lounges, but only if you spend ₹20,000 on the card in the previous month.
Railway lounge visits
You can avail 4 complimentary visits to lounges at select Indian railway terminals if you spend ₹20,000 on the card in the previous month.
Travel insurance
IDFC FIRST Wealth Credit Card also comes with complimentary travel insurance when you use it to book your tickets. It provides coverage of up to USD 1,200 (around ₹1 lakh) for baggage loss or delay, and up to ₹10,000 in case your flight or train gets cancelled.
There is also basic emergency medical support available when you are travelling overseas.
What’s best credit card for you? Book a free consulation with an expert to find out!
Low forex markup
Forex markup is the extra charge your bank adds when you spend money in a foreign currency (like USD, EUR, etc.) using your card. This fee is applied on top of the actual exchange rate, so it increases your cost every time you pay abroad or on international websites. Usually forex markup charges are around 3% to 3.5% + GST.
The IDFC Wealth card charges 1.5% + GST on foreign currency transactions.
IDFC FIRST Wealth Credit Card Life-style benefits
You get a Buy 1 Get 1 (BOGO) offer on movie tickets. You can use it twice per month. The discount is up to ₹250 on the second ticket (100% off up to ₹250). To avail you have to spend ₹20,000 on the card in the previous month.
Golf access
With the IDFC First Wealth Credit Card, you can enjoy complimentary golf benefits. For every ₹20,000 of monthly spend, you get one free golf round or golf lesson. If your monthly spends reach ₹40,000 or more, you can avail two complimentary golf rounds or lessons in that month.
IDFC FIRST Wealth Credit Card: Fees and charges
| Fee Type | Amount |
| Joining Fee | ₹0 (Free) |
| Annual Fee | ₹0 (Free) |
| Forex Markup | 1.5% + GST |
| Interest Rate | 3.99% monthly, 47.88% annually |
| Cash Withdrawal Fee | ₹199 |
Should you get an IDFC First Wealth Credit Card?
The IDFC FIRST Wealth Credit Card may suit people who want a premium card without paying any fees and can spend at least ₹20,000 per month. For such users, it offers decent (though lower than many peers) rewards, low forex charges, and some useful lifestyle benefits.
However, the lifetime-free feature is less attractive for very high spenders, because many paid premium cards give fee waivers at high spend levels and offer better lounge and travel benefits. There are also stronger zero-forex cards in the market, so its low forex markup is less special, especially for occasional international travel or foreign online spends.
This card is not ideal for low spenders or for those who mainly want lounge access, since lounge visits are linked to monthly spend and have been reduced over time. Overall, the IDFC FIRST Wealth Credit Card works better as a secondary or backup card than as a primary one.
You should skip it if you want unlimited lounge access (cards like HDFC Infinia or Axis Magnus are better) or if your monthly spending is below ₹20,000, because the rewards then are not meaningful.
How to apply for IDFC FIRST Wealth Credit Card
Before applying, see if you qualify. You need a monthly income of ₹3 lakh or yearly income of ₹36 lakh as mentioned above.
Apply online
→ Go to idfcfirstbank.com/credit-card/wealth.
→ Click Apply Now. Enter your mobile, email, and PAN. Upload Aadhaar, PAN, salary slips or ITR, and bank statements.
→ Do video KYC on your phone.
Documents you may need
→ Aadhaar or Passport for ID. Bank statement or utility bill for address. Salary slips (3 months) or ITR/Form 16 for income proof.
Most get instant approval if eligible. The card arrives in 3-7 days. Activate via app or SMS. Log into IDFC net banking first for faster approval. If rejected, ask for a Select card instead.
