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 Fee	Nil (Lifetime Free Credit Card)
Best Suited For	Rewards and Online Shopping
Key Feature	Up to 10X Reward Points that never expire
Reward Rate	Offline Purchases: 3% \| Online Purchases: 6%
Welcome Benefits	Gift 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:

Particulars	Fees/ Charges
Joining Fee	NIL
Annual Fee	NIL
Interest in Cash Advances	From 0.75% to 3.5% per month \| 9% to 42% per year
Forex Markup	3.5% 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 Fee	INR 250 (International and Domestic)
Reward Redemption Fee	NIL
Low-Interest Rates (APR)	From 0.75% to 3.5% per month (9% to 42% p.a.)
Interest-Free Cash Withdrawals	On Domestic and International ATMs for up to 48 days (Cash Advance Fee of only ₹199 per transaction)
OVL Charges	2.5% of the over-limit amount subject to a minimum charge of ₹500

Pros & Cons

Pros	Cons
Lifetime free	Welcome 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 card	Interest-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>[email protected]' 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 Score	Having a good credit score can increase your chances to be eligible for the card.
Age	Applicant must be at least 18 years old.
Nationality	The primary applicant must be a citizen of India.
Employment status	The 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.