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IDFC First Bank offers a range of credit cards to its customers, each tailored to meet the unique needs of different individuals. One such card is the IDFC First Wealth Credit Card. This credit card is designed specifically for high net worth individuals who value luxury and comfort. Let’s take a closer look at the benefits and features of this card.
IDFC First Wealth Credit Card Benefits:
- Welcome Benefits: The IDFC First Wealth Credit Card offers attractive welcome benefits. You can get a welcome cashback of up to Rs. 10,000 when you spend a minimum of Rs. 1,00,000 within the first 90 days of card issuance.
- Rewards Program: This card offers a rewards program that allows you to earn points on every transaction. You can earn 4 points for every Rs. 100 spent on retail purchases and 8 points for every Rs. 100 spent on dining and travel.
- Lounge Access: The IDFC First Wealth Credit Card offers unlimited complimentary access to domestic and international lounges at airports. This is an excellent benefit for frequent travelers who want to relax in luxury before their flights.
- Golf Benefits: The cardholder can enjoy complimentary rounds of golf every month at select golf courses across India.
- Insurance Coverage: This card offers complimentary air accident insurance coverage of up to Rs. 2 crore and zero liability cover in case of card loss or theft.
Features:
- Annual Fee: The IDFC First Wealth Credit Card comes with an annual fee of Rs. 10,000, which is on the higher side. However, the card’s benefits and rewards program make up for this cost.
- Minimum Income Requirement: To be eligible for this card, you must have a minimum income of Rs. 1,20,00,000 per annum.
- Interest Rates: The interest rate on this card is on the higher side, and it is recommended to pay your dues on time to avoid high-interest charges.
- Add-On Cards: The cardholder can request up to three add-on cards for their family members. These cards come with the same benefits as the primary card.
Here is a table summarizing the features and benefits of the IDFC First Wealth Credit Card.
| Feature/Benefit | Details |
|---|---|
| Welcome Benefits | Cashback of up to Rs. 10,000 when you spend Rs. 1,00,000 |
| Rewards Program | 4 points for every Rs. 100 spent on retail purchases |
| 8 points for every Rs. 100 spent on dining and travel | |
| Lounge Access | Unlimited complimentary access to domestic and international |
| lounges at airports | |
| Golf Benefits | Complimentary rounds of golf every month at select courses |
| Insurance Coverage | Complimentary air accident insurance coverage of up to Rs. 2 |
| crore | |
| Annual Fee | Rs. 10,000 per annum |
| Minimum Income Required | Rs. 1,20,00,000 per annum |
| Interest Rates | Higher interest rates than other credit cards |
| Add-On Cards | Up to three add-on cards for family members |
Conclusion:
The IDFC First Wealth Credit Card is an excellent choice for high net worth individuals who value luxury and comfort. The card’s rewards program, lounge access, golf benefits, and insurance coverage make it an attractive option for frequent travelers. However, the card’s high annual fee and minimum income requirement may not make it suitable for everyone. It is recommended to assess your needs and eligibility before applying for this credit card.
FAQs
Here are some frequently asked questions (FAQs) about the IDFC First Wealth Credit Card:
Who is eligible for the IDFC First Wealth Credit Card?
To be eligible for this card, you must have a minimum income of Rs. 1,20,00,000 per annum.
What is the annual fee for the IDFC First Wealth Credit Card?
The annual fee for this card is Rs. 10,000 per annum.
What are the rewards offered by the IDFC First Wealth Credit Card?
You can earn 4 points for every Rs. 100 spent on retail purchases and 8 points for every Rs. 100 spent on dining and travel.
What is the welcome benefit offered by the IDFC First Wealth Credit Card?
You can get a welcome cashback of up to Rs. 10,000 when you spend a minimum of Rs. 1,00,000 within the first 90 days of card issuance.
What is the interest rate on the IDFC First Wealth Credit Card?
The interest rate on this card is on the higher side, and it is recommended to pay your dues on time to avoid high-interest charges.
Can I get add-on cards for my family members with the IDFC First Wealth Credit Card?
Yes, the cardholder can request up to three add-on cards for their family members. These cards come with the same benefits as the primary card.
What is the insurance coverage offered by the IDFC First Wealth Credit Card?
This card offers complimentary air accident insurance coverage of up to Rs. 2 crore and zero liability cover in case of card loss or theft.
How do I apply for the IDFC First Wealth Credit Card?
You can apply for this credit card online on the IDFC First Bank website or by visiting any of the bank’s branches. You will need to provide your personal and financial details and meet the eligibility criteria to apply for the card.
