IDFC FIRST Private Credit Card

The key highlights of the IDFC First Bank Private Credit Card are:

Welcome benefits

• 50,000 reward points and Club ITC Culinaire Hotel membership. 
• Applicable on the payment of the commencement fee. 
• Offer valid for cards issued on or after June 1, 2025.

Milestone benefits

• 25,000 reward points on annual fee payment. Offer valid for cards renewed on or after July 1, 2025. 
• Taj Experiences Signature Dining Voucher on crossing cumulative spends of Rs. 15 Lakhs, every 6 months, every anniversary year.
• Club ITC Culinaire Hotel membership is renewed annually upon crossing annual spends of Rs. 40 Lakhs in the previous anniversary year. 

Travel benefits

• 0% forex markup, overlimit charges, late payment charges, and interest on cash withdrawal across the globe.
• This airport lounge access credit card gives you unlimited complimentary access to select airport lounges across India and overseas, for primary and add-on cardholders. 
• Complimentary 4 access in a year to accompanying guests at domestic airport lounges.
• Unlimited complimentary access to select railway lounges for primary and add-on cardholders.
• Trip Cancellation Cover of a maximum of Rs. 25,000 for flight booking and Rs. 25,000 for hotel booking.
• Travel and Air Accident Insurance up to Rs. 2.5 Crores and Roadside Assistance. 
• Visa exclusive complimentary and discounted Meet & Greet Services. 
• Exclusive Global Visa privileges, offering seamless luxury wherever you go.
• 1% fuel surcharge waiver on fuel transactions between Rs. 200 and Rs. 5,000 with no upper capping.

Lifestyle benefits

• Pay for 2 consecutive nights at ITC Hotels and extend your stay with a complimentary third night. 
• Taj Experiences Signature Dining Voucher on crossing Rs. 15 Lakh spent within first 6 months.
• Rs. 7,500 off on a minimum booking of Rs. 25,000 at The Postcard Hotel & Resorts.
• Exclusive access to premium restaurants in India with curated menus and seamless reservations.
• Up to Rs. 1,500 discount every month on movie and event bookings on BookMyShow.
• Unlimited complimentary golf rounds and lessons across premier Indian golf courses & 1 complimentary round per quarter at select international golf destinations. 

Reward Points

• This is not the best cash back credit card, but it offers reward points benefits.
• 10X reward points on monthly spending. 
• 3X reward points on rent & education-related payments. 
• 1X reward point on insurance premium payments. 
• Reward points given per Rs. 150 spent on eligible transactions. 
• Exclusions apply to standard categories.
• Accelerated reward points on travel bookings via the FIRST Rewards Gallery section through the IDFC FIRST Bank mobile app. 
• 50 bonus reward points on hotel bookings. 
• 20 bonus reward points on travel bookings. 
• 1 reward point = Rs. 1 on travel bookings via the FIRST Rewards Gallery section on the IDFC FIRST Bank mobile app & Rs.0.25 everywhere else. 
• Reward points never expire.
• Earn Karma Points on spending and donate to a charity of your choice through the bank.

• Primary card joining and annual fees: Rs. 50,000 + applicable GST. 
• Add-on card joining & annual fees: Nil for the first add-on card & up to Rs. 4,000 for the second onwards.
• Interest rate on purchases, cash advances & outstanding balances due: 0.75% p.m. (9% p.a.) 
• Overdue interest: 3.99% p.m. (47.88% p.a.).
• Cash advance transaction fee: Rs. 199.
• Return of cheque/ auto-debit SI/ payment return: 2% of payment amount (minimum of Rs. 500).
• Reward redemption fee: Rs. 99 per redemption transaction.
• Card replacement fee: Rs. 4,000. 
• Balance transfer processing fee: Communicated at the time of the transaction.
• Rent & property management/ fair usage on utility spends/ passenger railway transaction/ tolls & bridges transaction/ education payment fees: Up to 1%.
• Goods and Services Tax (GST): Presently, 18% GST is applicable on all fees, interest & other charges.
• Over-limit charge: 2.5% of the over-limit amount (minimum Rs. 550).

The IDFC FIRST Private Credit Card is an exclusive super-premium invite-only metal credit card. You cannot apply for this card directly, and to get an invite, you must be a High Net-Worth Individual having an existing banking relationship, excellent credit score, and a history of high-value transactions. 

To know about your eligibility for this card, you may contact your dedicated IDFC FIRST Bank relationship manager and ask them if you already have a wealth management or premium banking account. 

Pros

• This is one of the best super premium category lifestyle and travel credit cards.
• The card offers welcome benefits of 50,000 reward points and Club ITC Culinaire Hotel membership. 
• You get a Taj Experiences Signature Dining Voucher on crossing cumulative spends of Rs. 15 Lakhs, every 6 months, every anniversary year.
• The card comes with 0% forex markup, overlimit charges, late payment charges, and interest on cash withdrawals across the globe.
• If you want lounge benefits, this card offers unlimited complimentary access to select airport lounges across India and overseas and 4 access in a year to accompanying guests at domestic airport lounges.
• The card also gives unlimited complimentary access to select railway lounges.
• Get a Trip Cancellation Cover of up to Rs. 25,000 for flight booking, Rs. 25,000 for hotel booking, and Travel & Air Accident Insurance up to Rs. 2.5 Crores
• Pay for 2 consecutive nights at ITC Hotels and the third night is free. 
• Up to Rs. 1,500 discount every month on movie and event bookings on BookMyShow.
• Never-expiring 10X reward points on monthly spends, 3X reward points on rent & education-related payments, and 1X reward point on insurance premium payments. 

Cons

• If you are looking for a lifetime free credit card, this is not the right card for you as it involves a high joining and annual fee of Rs. 50,000 + applicable GST.
• If you need add-on cards, you will have to pay up to Rs. 4,000 for the second card onwards.
• This is an invite-only credit card, which means you cannot apply for the card unless you receive an invitation from the bank.
• If you need the best RuPay credit card, you have to look for other options, as this is not a RuPay credit card.

If you get an invitation from the bank, you must complete full KYC and submit the following documents: 

• Identity proof: PAN Card/ Aadhaar Card/ Passport/ Driving License/ Voter ID (any one).
• Address proof: Aadhaar Card/ Passport/ Utility Bills (not older than 3 months)/ Registered Rent Agreement/ Property Documents (any one).
• Income proof: Latest Salary Slips of last 3 months, Bank Statements showing regular salary/income credits, Form 16 and Income Tax Returns (ITR) & computation of income for the last 1- 2 years.