IDFC FIRST Wealth Credit Card | LTF Card | Details & Review

This article is a quadfurcation of the parent article IDFC Bank First Credit Cards Series. In this piece, we outlay the details pertaining to IDFC FIRST Wealth Card. For other variants:

• For FIRST Millennia Card — Click here.
• For FIRST Classic Card — Click here.
• For FIRST Select Card — Click here.

IDFC FIRST Wealth Credit Card is the top tier card out of all the other variants of IDFC Bank First Credit Cards Series and is targeted towards individuals with income of over INR 35 lakh. Details below:

Welcome Benefits

• Gift Vouchers worth INR 500 on spending INR 15,000 within 90 days of card set-up.

• Get 5% cashback on the first EMI transaction performed within 90 days of card set-up.

Reward Points

• 10X Reward Points on all Spends above INR 20,000.

• 10X Rewards on all spends done on your Birthday.

• 6X Reward Points on Online Spends.

• 3X Reward Points on all Offline Spends.

• 1 RP = 0.25 INR.

• No RP is accrued for Fuel, EMI, Insurance transactions, and Cash Withdrawals.

• No expiry of RPs.

Interest-Free Cash Withdrawl

• Interest-free cash withdrawal from ATMs for up to 48 days.

• A cash withdrawal fee of INR 250 + Taxes is applicable.

Entertainment & Dining

• Buy one ticket and get up to Rs. 500 off on the second ticket on Paytm Mobile App. The offer can be used to avail of two free tickets during a month. Click here for Movie T&Cs.

• Upto 20% discount on 1500+ restaurants across India & 15% discount on 3000+ Health & Wellness Outlets.

Lounge Access

• Enjoy 4 complimentary Domestic Airport Lounge & Railway Lounge Access.

• Quadfurcated to 1 Domestic Airport Lounge & 1 Railway Lounge visit per quarter.

• Click here for the Domestic Lounge List and here for International Lounge List.

Golf Rounds & Spa Sessions

• FIRST Wealth cardholders are entitled to 2 complimentary golf rounds. Click here for the booking process, T&Cs and prerequisites.

• 4 complimentary Spa sessions every calendar quarter.

• Click here for participating SPA Parlours.

Fuel Surcharge Waiver

• Get fuel surcharge waived at all fuel stations across the country.

• Fuel surcharge capped at INR 400 per month.

Protection Shield

• Air Accident Cover of INR 1 Crore.

• Personal Accident Cover worth INR 5 Lakh.

• Personal Accident & Air Accident Cover is applicable only if you carry out at least 1 transaction in the previous month.

• Complimentary lost card liability cover of INR 50,000.

• Free Road Side Assistance (RSA) worth INR 1,399.

• Click here for RSA Terms & Conditions.

• Comprehensive Travel Insurance Cover of $1200.

• Travel Insurance Cover includes loss of Checked-In Baggage - $500; Delay of Checked-In Baggage $100; Loss of Passport and other documents - $300; Delay in Flight- $300.

Fee & Other Charges

• Joining & Annual fee: NIL.

• NIL Overlimit fees.

• NIL Addon charges.

• Credit Card Interest Rate – from 0.75% to 2.99% per month.

• NIL Reward redemption fees.

• FX Markup – 1.5%.

• Late Payment Fee – 15% of Total Amount Due (subject to Min Rs 100 and Max up to Rs 1,000).

CP's Take

This VISA Infinite powered Credit Card houses everything that one expects from a Premium Credit Card. It houses unlimited rewards, travel insurance, complimentary access to spas, airport lounge access, and other luxury benefits. One needs to shell out apx 5000 bucks of an annual fee for a card with similar offerings, take, for example, the SBI Elite Card or Amex Platinum Travels Card. But, this card comes LTF. However, on the negative side, not everyone can have this card as the financials that an individual requires to get this card is above 35L PA. If you get this card, it is definitely a go-ahead.

Thanks for reading!