Secured credit cards are usually basic. The IDFC FIRST WOW Black Credit Card is not. Open a fixed deposit of ₹20,000 or more and you get a card with zero forex markup, 4 domestic lounge visits a year, UPI payments and reward points worth up to ₹0.50 each on travel. No credit history is needed.
How the rewards work
| Where you spend | What you earn |
|---|---|
| Online and offline spends | 4 reward points per ₹150 |
| Insurance and utilities | 1 reward point per ₹150 |
| Eligible UPI payments | Up to 3X reward points (about 1% value-back) |
| Flights and hotels on IDFC FIRST Mall | Bonus reward points |
| Redemption | ₹0.50 per point for travel on the IDFC FIRST app |
Earns nothing on: fuel, EMI transactions and cash withdrawals.
What you would actually earn
Spend ₹15,000 a month on regular purchases and you earn 400 points a month, or 4,800 a year. Redeemed for travel at ₹0.50 each, that is about ₹2,400 a year, or roughly 1.3% back. Spend ₹1.5 lakh in the year (₹12,500 a month) and the ₹750 fee is waived too.
Travel and lifestyle perks
- Forex: 0% markup on all international transactions.
- Lounges: 4 complimentary domestic airport lounge visits a year.
- Welcome: benefits worth ₹5,000+, including an annual Lenskart Gold Max membership, a 3-month EazyDiner membership and discounts on MakeMyTrip and MokoBara.
- Movies: 25% off up to ₹100 on District by Zomato once a month, unlocked by using the card at least once in the previous calendar month.
- Fuel: 1% surcharge waiver on ₹200–₹5,000, up to ₹200 per statement cycle.
Your fixed deposit keeps earning interest while it backs the card, so the money is not idle. After 6–12 months of on-time payments, you may find it easier to qualify for an unsecured card.
Fees and charges
| Joining fee | ₹750 + GST |
|---|---|
| Annual fee | ₹750 + GST |
| Annual fee waiver | Spend ₹1,50,000 in the preceding year |
| Forex markup | 0% |
Eligibility
| Fixed deposit | ₹20,000 or more with IDFC FIRST Bank |
|---|---|
| Income proof | Not listed as a requirement |
| First credit card? | Allowed |
Documents you will need
- Identity: PAN card (or Form 60)
- Address: Aadhaar or another valid address proof
- Funds: ₹20,000 or more for the fixed deposit
How to apply
- Tap Apply on IDFC FIRST Bank site on this page to open the official application.
- Open the fixed deposit of ₹20,000 or more when the application asks you to.
- Complete KYC in the same session and pay the ₹750 + GST joining fee.
- Once the card arrives, make a first transaction (₹100 or more) within 30 days to activate it.
Who should get it, and who shouldn’t
Get it if you are new to credit, travel abroad or shop on international sites, and want to build a credit score with a card that has real perks.
Skip it if you already qualify for an unsecured card, or you don’t want ₹20,000 locked in a deposit. A free unsecured card may suit you better.
