The IDFC bank is the new entry in the credit card market. Initially, they introduce four-lifetime free credit cards catering to varying lifestyles and financial needs of the customers. Focus is more on making daily spending easier for the cardholders. The features available in IDFC Credit Cards are unique. Based on the credit profile, the interest rate offers to customers starts from 9% per annum and it goes up to 36 % per annum.
IDFC First Bank also charges a lower fee for cash withdrawal and gives up to 48 days of the interest-free period. Being a late entrant in the credit card market, IDFC First had to come up with such innovative features to make their cards stand out.
The Eligibility criteria of IDFC First Credit Card
The IDFC First Credit Cards at present is available only for existing customers of IDFC First Bank. The eligibility criteria of IDFC Bank are not much clear. When the card is officially launched for everyone, the bank would decide the eligibility based on multiple factors including age, occupation, income, credit score, and more.
Popular IDFC First Credit Cards
IDFC First Bank Credit Cards are offered in 4 different variants-
Features IDFC First Credit Card
IDFC Credit Card fee and charges:
|Fee and Charges||Amount|
|Over limit fee||NIL|
|Interest rate/ Finance Charges||Starting 0.75% per month|
|Reward Redemption Fee||NIL|
|Foreign Currency Mark-up fee||3.5%|
|Late Payment Fee||15% of Total Amount Due (subject to Min Rs. 100 and Max up to Rs. 1,000)|
|International and domestic cash advance fee||Rs 250|
|EMI Fees||1% of transaction value (minimum Rs. 99), Fee will be levied if booked through any channel, unless done at the Point-of-Sale terminal or merchant website/ app|
|Card Replacement Fee||Rs 100|
How to apply for IDFC First Bank Credit Card on their official website?
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