IDFC FIRST Bank FIRST WOW!

Interest-free period

• Interest-free (grace) period up to 45 days.
• Zero interest on ATM cash withdrawals for up to 45 days (only a withdrawal fee of ₹199 applicable).
• Not applicable if previous month's statement balance not cleared in full by due date.

Verified · FIRST WOW! Credit Card Important Update (rewards program revision) · 2026-07-29 · source

Charge

• Cash advance transaction fee: ₹199 per transaction.
• Finance charges: Monthly 0.71%-3.85% (Annual 8.5%-46.2%).
• Overdue interest Monthly 3.99% (Annual 47.88%).
• Late payment charges: 15% of Total Amount Due of previous statement minus payments before due date, min ₹100 and max ₹1,300.
• Over-limit charges: Nil (Over-limit facility not available for FIRST WOW!).
• Return of cheque/Auto-Debit SI/Payment Return: 2% of payment amount, min ₹500.
• Reward Redemption Fee: ₹99 per redemption transaction.
• Card replacement fee: ₹199.
• Fee on cash payment at branches: NIL.
• Duplicate statement request: NIL.
• Outstation cheque processing fee: NIL.
• Cheque/Cash processing fee: NIL.
• Charge slip request: NIL.
• Foreign currency markup / DCC: Nil.
• Rent and Property Management Fee: 1% of transaction value, min ₹249 (domestic only).
• Utility fee: 1% if utility spends exceed ₹20,000 in a statement cycle.
• Fuel fee: 1% if fuel spends exceed ₹30,000.
• Passenger Railways fee: 1% if railway spends exceed ₹25,000.
• Tolls and Bridges fee: 1% if spends exceed ₹10,000.
• Education Payment Fee: 1% via third-party apps, min ₹249.
• GST at 18% on all fees, interest and charges.

Verified · Most Important Terms & Conditions (MITC) - current, effective 18th June 2026 (covers FIRST WOW!) · 2026-07-29 · source

Fuel surcharge waiver

• 1% Fuel Surcharge Waiver on fuel transactions valued between ₹200 and ₹5,000, capped at ₹200 per statement cycle.
• A 1% fee applies on total fuel spends if fuel spends exceed ₹30,000 in a statement cycle.

Verified · FIRST WOW! Product Guide (rewards/program terms) · 2026-07-29 · source

Reward exclusion

Rewards Program is not applicable on Fuel, EMI transactions & Cash withdrawals.

Verified · FIRST WOW! Product Guide (rewards/program terms) · 2026-07-29 · source

Redemption value

• 1 Reward Point = ₹0.25.
• Instant Redemption at partner stores and online merchants at a reward redemption fee of ₹99 + GST per redemption transaction.
• Reward Points valid for 24 months from date of credit.

Verified · FIRST WOW! Product Guide (rewards/program terms) · 2026-07-29 · source

Reward cap

• FASTag recharges (MCC 4784) and Railway spends (MCC 4111, 4112) accrue 1X Reward Points (1 point per ₹200).
• A 1% fee applies if FASTag recharges exceed ₹10,000 in a billing cycle or Railway spends exceed ₹25,000 in a billing cycle (effective 18th January 2026).
• If Cardmember fails to pay at least Minimum Amount Due by Payment Due Date, Reward Points not applicable for that billing cycle and any posted points will be reversed.

Verified · FIRST WOW! Credit Card Important Update (rewards program revision) · 2026-07-29 · source

Travel benefit

Complimentary Roadside Assistance worth ₹1,399.

Verified · FIRST WOW! Product Guide (rewards/program terms) · 2026-07-29 · source

Dining benefit

Dining discount of up to 20% across 1,500 restaurants.

Verified · FIRST WOW! Product Guide (rewards/program terms) · 2026-07-29 · source

Insurance

• Personal Accident Cover of ₹2,00,000.
• Lost Card Liability Cover of ₹25,000.
• Complimentary Roadside Assistance worth ₹1,399.

Verified · FIRST WOW! Product Guide (rewards/program terms) · 2026-07-29 · source

Statement credit

• Earn up to ₹200 cashback on the first 4 UPI transactions.
• 3X rewards on UPI spends above ₹2,000.
• 1X rewards on UPI spends below ₹2,000.
• 1X rewards on all utility and insurance payments (via UPI).

Verified · FIRST WOW! Product Guide (rewards/program terms) · 2026-07-29 · source

Eligibility

• FD-backed secured credit card.
• Add-on card facility is not available (NA for add-on fees). 100% ATM cash withdrawal of FD value.

Verified · FIRST WOW! Credit Card Important Update (rewards program revision) · 2026-07-29 · source

Official terms

https://www.idfcfirst.bank.in/credit-card/wow.

Verified · FIRST WOW! product page · 2026-07-29 · source