IDFC First Bank Classic Credit Card Review

IDFC First Bank Classic Credit Card Review



Reward Rate



Issued On


Table of Contents

IDFC First Bank is one of the newest banks to enter the credit card space in India. Being a new bank that is eager to get new customers, it has reasonable sign-up offers for its savings account. But, so far IDFC First bank has not offered any lucrative sign-up offers for its credit cards. In this post, we review the IDFC First Bank Classic credit card. Let’s find out what it offers in rewards and benefits.

Fees and Charges

All IDFC First Bank credit cards are offered Lifetime Free (LTF) – no joining or annual fee. This is a good move by IDFC First, as it will encourage more people to apply for its credit cards.

LTF IndusInd Bank Credit Cards
Joining and Annual FeeNIL (LTF)
Welcome BenefitWelcome voucher worth Rs 500 on spending Rs 15,000 within 90 days of card generation

5% cashback up to Rs 1000 on the transaction value of the first EMI done within 90 days of card generation
IDFC First Bank Classic Credit Card Review: Fees and Charges


  • Offline Spends: 3 RP/Rs 150 ~0.5% return
  • Rental and Property Spends: 3 RP/Rs 150 ~0.5% return
  • Online Spends: 6 RP/Rs 150 ~1% return

There is no max cap on earning reward points. Wallet spends come under online spending and get 6X rewards as well.

The offline reward rate is low. So, it does not make any sense to use the IDFC First Bank Classic credit card at offline stores. However, one alternative is to use it at offline stores after the 10X rewards kick in. The 10X rewards are covered below.

10X Rewards on Incremental Spends

LTF IDFC First Bank Credit Cards

IDFC First Bank Classic credit card gets a 10X benefit on incremental spending above Rs 20000. While the 10X return is decent, we need to spend the threshold amount at lower reward rates to reach there. This decreases the overall reward rate.

Excluded Transactions for Rewards

The below transactions will not get any rewards on the IDFC First Bank Classic credit card:

  • Fuel Spends
  • Insurance Spends
  • EMI transactions
Spend Requirement
for 10X Rewards
10X Return
Rs 2000010 RP/Rs 150 ~1.67% return
IDFC First Bank Classic Credit Card Review: 10X Rewards

Key Benefits

  • 25% discount up to Rs 100 once per month on Paytm movies
  • Complimentary Roadside Assistance up to 4 times per year
  • 1% Fuel Surcharge Waiver up to Rs 200 per month

The complementary RSA is one of the unique privileges for a card of this segment. It covers many of the RSA services that we get as a paid cover from the vehicle showroom.

Do check out the T&C of these offers to see more detail.

AU Bank Xcite Ace

Complimentary Lounge and Spa Access

The Classic variant loses out on airport lounge access. No complimentary visits unlike the Select and Wealth variants.

  • Domestic Lounge Access at Airports: Not Available
  • International Lounge Access at Airports: Not Available
  • Spa Access at India Airports: Not Available
  • Railway Lounge Access: 4 complimentary visits/quarter to the executive lounge in Delhi, Jaipur, Ahmedabad, Kolkata, and Agra

Rewards Redemption

The earned reward points do not expire on IDFC First credit cards. The reward points can be used to pay for purchases. Each RP is worth 25 paise. Reward points can also be redeemed for gift vouchers like Amazon, Flipkart, Myntra, and Big Basket. There is a reward redemption fee of Rs 99 plus GST ~Rs 117 for the IDFC First Bank Classic credit card.

Final Thoughts

The IDFC First Classic card offers very low rewards compared to the competition. Even entry-level cards offer better rewards often. But, some of the benefits like RSA and railway lounge access are good. These are good for an LTF card. You can also take advantage of IDFC First Bank-specific offers on e-commerce sites with this card.

Also, read the comparison of IDFC First Bank credit variants.

Axis Bank Neo Credit Card LTF
Share the Post:

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top