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IDFC FIRST WOW! Credit Card Review

Created on 02 Jun 2023

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Updated on 16 Nov 2023

Travel credit cards have become an essential accessory for frequent travellers, making travel more affordable and rewarding. These credit cards provide various benefits for travel-related expenses. With the right card, travellers can accumulate reward points quickly and redeem them for free or discounted travel, hotel stays, and more. 

The benefits of travel credit cards can extend beyond just earning rewards, with many offering travel insurance and other perks that can provide peace of mind and added value for travellers. So, whether you're a business traveller or a leisure traveller looking to explore new destinations, a travel credit card may be an excellent option to help you save money and enjoy the perks of travel.

Advantages of a Travel Credit Card:

A travel credit card can help with several travel-related expenses and provide numerous benefits, including -

1. Reward points: One of the primary benefits of a travel credit card is the ability to earn rewards points or miles for every dollar spent on travel-related expenses. These rewards can be redeemed for free or discounted flights, hotel stays, car rentals, and other travel-related expenses.
2. Travel perks: Many travel credit cards come with additional perks, such as access to airport lounges, travel insurance, and discounts on hotels and rental cars.
3. Foreign transaction fees: Travel credit cards often have no foreign transaction fees, making them an excellent choice for international travellers.
4. Fraud protection: Most travel credit cards offer fraud protection, which can provide peace of mind when making purchases while travelling.
5. Emergency assistance: Some travel credit cards offer emergency assistance services, such as emergency cash and ticket replacement, which can be invaluable in unexpected situations.

Benefits of the IDFC FIRST WOW! Credit Card:

When choosing the best travel card, it's important to consider features that will provide the most value for your specific travel needs. The FIRST WOW! Credit Card by IDFC FIRST Bank offers an attractive rewards program, travel-related benefits, and other perks that can make your travel more enjoyable and affordable.

Here's what makes the FIRST WOW! Credit Card the perfect travel credit card –

1. No forex conversion fee: The FIRST WOW! Credit Card charges no forex conversion fee, making it a cost-effective option for travellers who need to use their card overseas.
0% Interest on cash withdrawals – With a 0% interest rate on ATM cash withdrawals for 48 days, the FIRST WOW! Credit Card allows you to access cash without worrying about high-interest rates.
2. Easy to obtain: It has a quick and hassle-free application process. It doesn't require any credit history, income proof, or physical document, making it accessible to a broader range of customers.
3. Backed by an FD: The FIRST WOW! Credit Card is a secured credit card issued against a fixed deposit, which earns steady interest while you use the card. This means you not only get interest-free credit for 48 days but also high-interest earnings on your fixed deposit – that’s a major win-win!
4. Accepted globally: It operates in all major currencies and is accepted globally, making it a versatile travel companion.
5. Shopping and dining offers: With offers at over 300+ merchants and a 20% discount across 1500+ restaurants, the FIRST WOW! Credit Card offers plenty of shopping and dining perks for travel buffs.
6. Low-interest rates: It offers low-interest rates starting at 9% per annum on your carryover balances, making it an excellent option for people who want to manage their finances efficiently.
7. No fees: The FIRST WOW! Credit Card has no annual joining fee or annual membership charges. This means more savings and more to spend on things that matter most to you.

The FIRST WOW! Credit Card offers an excellent rewards program, flexibility in redeeming rewards, and no fees or documentation requirements. It is a highly attractive travel credit card in India and a convenient option for travellers.

Drawbacks of the IDFC FIRST Wow Credit Card:

No financial instrument is perfect. For all the benefits that it brings, the IDFC FIRST WOW! Credit Card also has certain drawbacks. Here’s a list of features that you might want to look out for before applying for this card.

  • No reward points on Fuel & Insurance Transactions
  • Gold and Jewellery linked transactions are not permitted for EMI conversion.
  • The card does not offer cashback on specific categories like dining or travel.

How to apply for the IDFC FIRST WOW! Credit Card Online

Here's how you can apply for your FIRST WOW! Credit Card:

  • Visit the IDFC FIRST WOW! Page and click Apply Now
  • Enter your basic details, such as your name, date of birth and contact information
  • Provide the OTP received on your mobile phone to confirm your identity
  • If you are an existing IDFC FIRST Bank customer holding an FD with the bank, you will see the credit limit equaling the value of your FD and the applicable interest rate
  • Enter other personal details, such as your PAN, occupation, monthly income, current address, and gender
  • Check your eligibility for the IDFC FIRST WOW! Credit Card
  • Fill out the online application form if you're eligible
  • Alternatively, visit your nearest IDFC FIRST Bank branch and fulfil the necessary application formalities to apply for this credit card

The Bottom Line

In conclusion, the IDFC FIRST WOW! Credit Card is an excellent choice for those looking for an assured credit card that offers a wide range of travel benefits and rewards. Its attractive features, like zero forex markup fees, cashback rewards, and fuel surcharge waivers, offer great value for money.
Additionally, the card's advanced security features, like the one-touch freeze and unfreeze option and the ability to set spending limits, make it a reliable and secure payment option. Overall, the FIRST WOW! Credit Card from IDFC FIRST Bank is a great choice for those looking to make the most of their credit card usage and enjoy a range of benefits and rewards.

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