Are you stepping into a new job and have no established income proof? Don’t have a credit history yet? Do you have a low CIBIL Score, making you ineligible for a good credit card? Or are you a student who wants to start building a credit history? Are you a homemaker looking for financial independence and convenience?
Well, it can indeed be frustrating to wait before you can enjoy the perks of having a Credit Card. But wait! There’s a solution to get your hands on your first premium Credit Card without needing income proof or a high CIBIL Score with a Secured Credit Card. You can get your IDFC FIRST WOW! Credit Card without income proof and with zero documentation!
Enjoy wow benefits with zero documentation, whether you’re a student, traveller, first-time employee, self-employed, homemaker, senior citizen, NRI, or have a low CIBIL Score.
What is a Secured Credit Card?
Basically, a Secured Credit Card is a unique type of credit card where the borrower provides an asset to the bank as collateral. In simpler terms, it’s a credit card where you deposit money into a bank account, which then serves as collateral for the card. The IDFC FIRST WOW! Credit Card falls into this category as a deposit-backed premium credit card.
If you already have a fixed deposit (FD) with IDFC FIRST Bank, you can link this FD to the IDFC FIRST WOW! Credit Card as collateral. This will determine your credit card limit based on your FD value.
What is the IDFC FIRST WOW! Card?
The IDFC Bank’s FIRST WOW! (Wealth Optimizer Wealth) Card is a financial offering that blends the advantages of a credit card with personalized wealth management services. Targeted primarily at high-net-worth individuals, this card aims to provide a comprehensive suite of benefits and privileges. Let’s delve deeper into what makes the IDFC FIRST WOW! Card is a compelling choice for those seeking a premium credit experience.
The IDFC FIRST WOW! Card is a premium credit card that goes beyond traditional credit offerings. It integrates wealth management features, making it a holistic solution for individuals looking to manage their finances effectively while enjoying exclusive perks.
Notable Features & Benefits
- 4X Reward Points + 7.5% Interest on FD
Earn four times the usual reward points on transactions, coupled with an attractive 7.5% interest on your fixed deposit.
- Never-expiring reward points:
Your accumulated reward points never expire, providing flexibility and value equivalent to cash.
- Low-interest rates on carry-over balances:
Benefit from competitive interest rates as low as 9% per annum on outstanding balances.
- Discount across merchants and restaurants:
Access exclusive discounts and offers at over 300 merchants and 1500 restaurants, enhancing your shopping and dining experiences.
- Credit shield protection from theft and fraud:
Gain peace of mind with credit shield protection, safeguarding you against unauthorized transactions, theft, and fraud.
- Enjoy zero Forex mark-up fee:
Make international transactions without incurring any foreign exchange mark-up fees, saving you money on foreign purchases.
Eligibility Criteria
To be eligible for the IDFC FIRST WOW! Card, applicants typically need to meet certain criteria. This may include a minimum age requirement, a specified level of income, and a good credit history.
- You must be an Indian citizen with a permanent address within the country,
- Applicants must be at least 18 years of age to qualify,
- You must have a fixed deposit in your name with IDFC FIRST Bank in cumulative/re-invest and auto-renewed mode.
Fees
The IDFC FIRST WOW! Credit Card stands out for its absence of a joining fee, membership fees, or annual charges, making it a free-for-life card. The rewards, savings on travel and lifestyle expenses, insurance coverage, and wealth management services offset the fees, making it a worthwhile investment for eligible individuals.
How to Apply?
Prospective applicants can apply for the IDFC FIRST WOW! Card through the IDFC Bank’s official website or by visiting a branch. The application process typically involves filling out an online form or submitting physical forms with personal and financial details. Applicants may also need to provide supporting documents such as income proof, address verification, and identity proof.
In conclusion, the IDFC FIRST WOW! The card combines the convenience of a credit card with a range of exclusive benefits. Its focus on holistic financial management, rewards program, and security features make it an attractive choice for individuals seeking a premium credit experience.
Oolka can help you get access to attractive credit-building products. At Oolka, we specialize in credit-building products that are designed to boost your financial standing. Whether you’re looking to start building credit with a loan or want help getting a secured credit card, Oolka is here to assist you. Our mission is to empower individuals like you by providing access to effective financial tools that pave the way for a stronger financial future. With Oolka’s credit-building products, you can take proactive steps toward achieving your financial goals.
Further you can read our article on how to get credit card for low credit score users to get more info.
