IDFC First WOW Credit Card
IDFC First Bank · Visa
Why this card?
- 0.5% back in reward points on eligible spends
- Lifetime free — no joining or annual fee
- Zero forex markup and 1% fuel surcharge waiver
Card details
- Issuer
- IDFC First Bank
- Network
- Visa
- Annual Fee
- Lifetime Free
- Joining Fee
- None
- Reward Type
- points
- Best Reward Rate
- 0.5% on all eligible spends
- Forex Markup
- Zero
- Domestic Lounge
- None
- Rates verified
- 2026-10-06
Our verdict
IDFC First WOW is a secured credit card backed by a fixed deposit with the bank, with zero joining and annual fee, a 0% forex markup and a fuel surcharge waiver. It earns 4X points (about 0.5% back) on spends. It's a good fit for credit beginners or anyone building a CIBIL score from scratch. The catch: you must lock an FD of at least ₹20,000 as collateral.
Pros
- Backed by an FD with IDFC First Bank, which can make approval easier
- Zero joining and annual fee for lifetime
- 4X reward points (about 0.5% back) on spends
- 0% forex markup — exceptional for a secured product
- Fuel surcharge waiver
Cons
- Requires locking an FD as security deposit (minimum ₹20,000)
- Rewards in points, not direct cashback — need to redeem through portal
- No lounge access
- Lower reward ceiling than unsecured travel cards
Frequently Asked Questions
What is the minimum FD to get the WOW card?
A minimum FD of ₹5,000 with IDFC First Bank is required. Your credit limit is 90% of the FD amount — a ₹10,000 FD gives a ₹9,000 credit limit. The FD itself continues earning interest (typically 7–7.5%) normally.
Does this card help build CIBIL score?
Yes. IDFC First Bank reports all transactions and payments to CIBIL, Experian, CRIF, and Equifax. Paying the full bill on time every month systematically builds your score — most users see improvement within 6–12 months of responsible usage.
Can I upgrade to an unsecured card after using WOW?
Yes. After 12–18 months of on-time payments and a CIBIL score of 700+, IDFC First Bank typically offers an upgrade path to the IDFC First Select or Millennia credit card without requiring a new FD.