IDFC FIRST Classic Credit Card
Apply for the best credit card of Idfc First Bank
Welcome Benefits
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IDFC FIRST Classic Credit Card: Fees & Charges
| Type of fee or charge | Amount (Rs.) |
|---|---|
| Joining Fee: | ₹ Lifetime Free |
| Annual/Renewal Fee: | ₹ Lifetime Free |
| Finance Charges: | 3.65% per month (43.8% annually) |
| Spend Based Waiver: | Lifetime Free |
| Over Limit Penalty: | 2.5% of overlimit amount, subject to a minimum of 550/- |
| Rent Payment charges | 1% of transaction value, subject to minimum of 249 per transaction |
| Forex Charges: | 3.49% of the transaction value |
| Minimum Repayment Amount: | 5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI |
| Cheque Return Fees: | 2% of Total Amount Due or Minimum of 500 whichever is higher |
| Total Amount Due/Statement Balance | Late Payment Charges |
|---|---|
| Less than or equal to 100 | NIL |
| Above 100/- and up to 500/- | 100 |
| Above 5,00/- and up to 5,000/- | 750 |
| Above 5,000/- and up to 8,000/- | 1200 |
| Above 8,000/- and up to 10,000/- | 1300 |
| Above 10,000/- | 1300 |
Eligibility criteria
Age: Applicants should be at least 21 years old.
Income: A stable annual income is essential, typically a net monthly income of 25,000/- or more and Self-Employed Individuals/Professionals: A minimum annual income of 3 lakhs.
Credit Score: A good CIBIL score, ideally between 700 and 900, can significantly boost approval chances
The applicant must be an Indian citizen and valid address proof
Document Requirements
1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof
Other Information
Frequently Asked Questions
What is the annual fee of IDFC FIRST Classic Credit Card?
The IDFC FIRST Classic Credit Card offers lifetime-free annual fees. The joining fee is also free for life!
What is the interest rate on the IDFC FIRST Classic Credit Card?
The IDFC FIRST Classic Credit Card has an interest rate of 3.65% per month (43.8% annually)
Are there foreign transaction fees on the IDFC FIRST Classic Credit Card?
Yes, The IDFC FIRST Classic Credit Card charges a 3.5% fee for all transactions in foreign currency .
What is the credit limit of IDFC FIRST Classic Credit Card?
The credit limit for the IDFC FIRST Classic Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. Idfc First Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Idfc First Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.
Card other Details
IDFC FIRST Classic Credit Card Credit Limit: Up to ₹10 Lakh