Tue, 06 Jun 2023

All about IDFC Classic Credit Card

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08 May 2023, 18:24 GMT+10

IDFC Classic Credit Card offers 10X rewards on a total spend of INR 20,000 along with welcome gift vouchers worth INR 500 and some premium privileges across categories like entertainment, lifestyle, etc. It best suits those who seek a zero-fee credit card, satisfactory rewards, low-interest rates, and many more benefits.

IDFC FIRST Classic Credit Card- A Snapshot
Annual / Joining FeeNil (Lifetime Free Credit Card)
Best Suited ForRewards and Online Shopping
Key FeatureUp to 10X Reward Points that never expire
Reward RateOffline Purchases: 3% | Online Purchases: 6%
Welcome BenefitsGift vouchers worth INR 500 and 5% cash back on the first EMI transaction

Types of IDFC Credit Cards

Below mentioned are the different types of IDFC Bank Credit Cards:

  • IDFC First Wealth Credit Card
  • IDFC First Millennia Credit Card
  • IDFC First Classic Credit Card
  • IDFC First Select Credit Card

Fees & Charges

Below mentioned are the fees & charges of the IDFC Classic Credit Card:

ParticularsFees/ Charges
Joining FeeNIL
Annual FeeNIL
Interest in Cash AdvancesFrom 0.75% to 3.5% per month | 9% to 42% per year
Forex Markup3.5% for all international transactions
Late Payment Fee

15% of the Total Amount Due (subject to a minimum of ₹100 and a maximum of ₹1250)

Less than INR 100 = NIL

INR 500 = INR 100

INR 5,000 = INR 750

INR 8,000 = INR 1,200

INR 10,000 and more = INR 1,250

Cash Advance FeeINR 250 (International and Domestic)
Reward Redemption FeeNIL
Low-Interest Rates (APR)From 0.75% to 3.5% per month (9% to 42% p.a.)
Interest-Free Cash WithdrawalsOn Domestic and International ATMs for up to 48 days (Cash Advance Fee of only ₹199 per transaction)
OVL Charges2.5% of the over-limit amount subject to a minimum charge of ₹500

Pros & Cons

ProsCons
Lifetime freeWelcome gift voucher provided on spending Rs.15,000 within 90 days of card set-up
Up to 2.5% return rate which is good for an entry-level cardInterest-free cash withdrawals are available for 48 days only
Interest-free cash withdrawal from ATMs-
No reward redemption fee-

Privileges of IDFC Classic Card:

  • 25% discount on movie tickets up to ₹100 on Paytm mobile app (valid once per month)
  • 4 complimentary Railway lounge visits per quarter
  • Complimentary Roadside Assistance worth ₹1,399
  • Fuel surcharge waiver of 1%, at all fuel stations across India, up to ₹200/month

*Applicable only on transaction values between ₹200 & ₹5000

  • 300+ Merchant offers, All year long! | Up to 20% discount at 1500+ restaurants |

    Up to 15% discount at 3000+ Health & Wellness outlets

  • Personal Accident Cover of ₹2,00,000* and Lost Card Liability Cover of ₹25,000
  • Interest-free cash withdrawal from ATM for up to 48 days.
  • Up to 4X rewards for offline purchases and rental spends on select variants.
  • Up to 6X for online purchases on select variants
  • Welcome Gift Vouchers worth above ₹500 on spending ₹15,000 within the first 3 months on select variants
  • 5% cashback (up to ₹1,000) on the transaction value of the first EMI done within 30 days of card generation
  • Complimentary airport lounge and golf access on all premium card variants
  • Convert all transactions* above ₹2,500 into easy & convenient EMIs from your mobile app
  • Instant EMI conversion for all online transactions* above ₹2,500 on the bank's OTP page
  • Enjoy convenient transfer of balances from your other bank credit cards with our balance transfer privilege*.

IDFC Classic Credit Card Payment

Below mentioned are the different modes to make IDFC Classic Credit Card Payments:

  • Internet Banking:

With the help of efficient internet banking one can pay credit card bills online from anywhere and at any time.

a) For IDFC First Bank App Users:

  • Login into Internet Banking.
  • Go to Credit Card.
  • Pay Credit Card Bill.

One can also choose to pay bills automatically by following the above-mentioned steps and clicking on 'Enable Autopay future bills'.

b) For IDFC First Bank Old App Users

  • Login into Internet Banking.
  • Go to Credit Card.
  • Pay Credit Card Bill.
  • UPI Payments:

Credit card payments have now become easier with the help of UPI. Open any UPI-enabled Banking App/ BHIM App and follow the below-mentioned steps:

a) Go to UPI Section.

b) Send money

c) Enter the '<16 digit card number>cc@idfcbank' as UPI ID.

  • Debit Card:

A cardholder can also make credit card bill payments through a debit card using the bank account either with the help of Internet banking or debit card details.

  • IMPS/ NEFT:

Make instant payments via Funds Transfer by using the below-mentioned details:

a) Payee Name: Name as on your IDFC FIRST Bank Credit Card

b) Payee Account Number: Your 16-digit IDFC FIRST Bank Credit Card number

c) Bank Name: IDFC FIRST Bank

d)IFSC Code: IDFB0010225

  • Other Payment Options:

a) Cash Deposit - By visiting the nearest IDFC FIRST Bank branch one can make credit card bill payments by depositing cash into the Credit Card account along with the name and account number.

b) Cheque - Drop a cheque drawn in favor of 16-digit IDFC FIRST Bank Credit Card number i.e. 'IDFC FIRST Bank Credit Card XXXXXXXXXXXXXXXX'at the nearest IDFC FIRST Bank Branch/ATM

Documents Required

  • Identity Proof - Aadhar Card, Voter's ID, Driving License, PAN Card, Passport
  • Address Proof - Latest monthly utility bills, Aadhar Card, or Passport
  • Latest Salary Slips/ Latest Bank Statements or latest Audited ITR

Eligibility Criteria

Credit ScoreHaving a good credit score can increase your chances to be eligible for the card.
AgeApplicant must be at least 18 years old.
NationalityThe primary applicant must be a citizen of India.
Employment statusThe applicant must be salaried or self-employed.

How to Apply for IDFC Classic Credit Card

Below mentioned are the steps to apply for IDFC Classic Credit Card:

  • Visit the IDFC First Bank's official website.
  • Click on the option 'Credit Cards.'
  • Then select the option 'Classic.'
  • Now, click on Apply Now and proceed further by filling in all the required details.

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