Key Features & Benefits
- ✦4X Reward Points on all eligible card spends
- ✦3X Reward Points on UPI transactions (via RuPay WOW! Black)
- ✦Zero forex markup — 0% on international transactions
- ✦Issued against Fixed Deposit (minimum ₹5,000 FD)
- ✦No income proof required — accessible to all
- ✦Lifetime free — no joining or annual fee
- ✦Railway lounge access (spend-gated: ₹20K previous month)
- ✦Build credit history from day 1
- ✦Reward Points never expire
- ✦₹25,000 personal accident cover and ₹25,000 lost card liability
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Welcome & Joining Benefits
- ✦₹250 cashback on first HPCL fuel transaction ≥₹250
- ✦5% cashback on first EMI transaction (up to ₹1,000)
Milestone Benefits
- ✦Check IDFC FIRST Bank website for current benefits
Pros & Cons
✓ Advantages
- ✓Zero forex — exceptional for a free secured card
- ✓No income proof required — accessible to students, homemakers
- ✓FD continues earning interest while backing the credit card
- ✓Builds credit history — opens door to unsecured cards
- ✓4X rewards is solid for a zero-fee secured card
✗ Disadvantages
- ✗Requires FD as collateral
- ✗Credit limit = 90% of FD — relatively low
- ✗No airport lounge access
Frequently Asked Questions
What happens to my FD if I close the WOW! card?
Your FD is released when you surrender the card and clear all dues. The FD continues to earn interest while active. IDFC FIRST typically processes FD release within 7 working days of card closure.
Can I upgrade from WOW! to an unsecured card later?
Yes — after 6–12 months of responsible use (paying on time, utilisation below 30%), IDFC FIRST may offer you an upgrade to Classic or Millennia unsecured credit card without requiring a new FD.
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