IDFC Bank First Credit Cards Series | Millennia | Classic | Select | Wealth

IDFC Bank First Credit Cards Series | Millenia | Classic | Select | Wealth

A credit card allowing cash withdrawal and that too without charging any interest  sounds too good to be true, but a new player in the credit card industry — IDFC First Bank, is all set to provide interest-free cash withdrawals for up to 48 days to its credit cardholders. Although a nominal cash withdrawal fee of INR 250 excluding taxes will be imposed on availing of the facility, still IDFC is confident enough to market this feature as the card's USP. Another feature that the lender is rolling the drums about is that the bank is set to levy finance charges at an annual rate of just 9% for the creditworthy customer, soaring up to 36% for customers with low credit ratings. Usually, the annual percentage rate or the APR for other banks ranges from 34-40%. 


Currently, the bank is offering four different cards  Millennia, Classic, Select, and WealthMillennia being the entry-level card, and Wealth being the top-tier card. Each card caters to different customer segments. The bank uses various parameters to segregate applicants, including age, income, and lifestyle.


All four cards share the same Reward Point mechanism, and all cards will be life-time free. IDFC First Bank will initially offer the cards to its customers. For others, it will start accepting applications around late March to April.


We have quadfurcated this article, one for each card, highlighting the details, benefits, and privileges that each card provides.




    IDFC First Millenia Credit Card

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    IDFC FIRST MILLENNIA CREDIT CARD



    IDFC FIRST CLASSIC CREDIT CARD

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    IDFC FIRST CLASSIC CREDIT CARD



    IDFC FIRST SELECT CREDIT CARD

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    IDFC FIRST SELECT CREDIT CARD



    IDFC FIRST WEALTH CREDIT CARD

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    IDFC FIRST WEALTH CREDIT CARD

    IDFC Bank First Credit Cards Series | Millennia | Classic | Select | Wealth IDFC Bank First Credit Cards Series | Millennia | Classic | Select | Wealth Reviewed by Rahmat on February 16, 2021 Rating: 5

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