IDFC FIRST Private Credit Card

The Bottom Line

High Fee, Unlimited Lounge Access

6 reward points / ₹100 on all online spends, 3 points on all offline spends and 10 Reward Points on birthdays and all spends above ₹30,000 / mth. ₹50K annual fee, Invite only.

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Monthly Spend	₹5K	₹10K	₹20K	₹50K	₹100K
Net Reward Yield	-82.2%^	-40.5%^	-19.7%^	-6.7%^	-2.1%^
Est. Monthly Reward (₹)	(4,115)	(4,055)	(3,950)	(3,345)	(2,095)
All-India Rewards Rank*	385	385	385	384	384
Within Bank Rank*	8	8	8	8	8
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here. ^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The IDFC FIRST Private Credit Card is an invite only credit card. It gives 1.50% effective reward on all online purchases and 0.5% on all offline spending, for the first ₹30,000 spent in a month.

This card gets a lot better if you spend more than ₹30,000 in a month. All spending in excess of this amount each month earns a flat 2.5% reward.

The FIRST Private has a very high annual fee of ₹50,000, because of which we do not see positive net reward yield with this card even at monthly spending level of ₹1 lacs+.

We think the FIRST Wealth Credit Card is the best credit card for most IDFC FIRST Bank customers.

For the first ₹30,000 spent in a month, this card gives effective rewards of 1.5% for all online purchases while offline spending earns 0.75%, for an average net reward yield of 1.1%.

However, in a manner similar to the FIRST Private, this card also becomes attractive if you spend more than ₹30,000 in a month.

All spending in excess of this amount each month earns a flat 2.50% reward, resulting in a net reward yield of almost 2.5% if you charge more than ₹1 lacs in a month.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card	IDFC FIRST Private Credit Card
Card Type	Reward
Reward Features	6 Reward Points / ₹100 on all online spends 3 Reward Points / ₹100 on all offline spends 10 Reward Points / ₹100 on all spends above ₹30,000 each month 10 Reward Points / ₹100 on Birthday spends
Milestone Rewards	Nil
Other Rewards	– 2 Complimentary Golf rounds on spends over ₹40,000 / mth. – ₹750 off on movie tickets at BookMyShow (2 Times / mth.) – 4 complimentary Railway Lounge visits / Qtr. – Unlimited Complimentary Domestic and International Airport Lounge Visits – Unlimited Spa visit at Domestic Airport
Rewards Redemption Fee	₹99
Reward Caps	Unlimited
Preferred Redemption Method	Redeem for shopping and gift vouchers 1RP=₹0.25

Fees & Charges

Card		IDFC FIRST Private Credit Card
Joining Fee		₹50,000 + Taxes
Annual Fee		₹50,000 + Taxes
Min. Annual Credit Card Spend for Fee Waiver		N/A
Income Criteria	Salaried	N/A
Income Criteria	Self-employed	N/A
Supplementary Card Fee		1 Card Free ₹4,000 + Taxes (2nd Card onwards)
Interest Rate		9.00% p.a.
Foreign Currency Markup		Nil
Cash Advance Charge		₹250 / transaction