IDFC First Private Credit Card
Joining Fee: ₹50,000 + GST
Renewal Fee: ₹50,000 + GST
Reward Type: Reward Points
Fees and Charges
Joining and Annual Fee: ₹50,000 + GST.
Interest Rate: 0.99% per month, lower than most credit cards in India.
Cash Advance Fee: ₹250 for cash withdrawals.
Forex Markup Fee: No charges for foreign transactions.
Late Payment Fee: No late payment charges.
Welcome Benefits
Annual/Renewal Fee Benefit: Earn 100,000 Reward Points worth ₹50,000 upon successful payment of the renewal/annual fee. Additionally, your Taj Epicure membership is renewed.
Movie Benefits: Get up to ₹750 off on movie/non-movie ticket bookings and food & beverages via BookMyShow, twice per month.
Golf Benefits: Enjoy two complimentary golf rounds or lessons each month. Free golf lessons are available after spending ₹40,000 in a month.
Rewards Rate
Online Spending: 6 Reward Points per ₹100 spent online for monthly spends below ₹30,000.
Offline Spending: 3 Reward Points per ₹100 spent offline for monthly spends below ₹30,000.
High-Spend Rewards: 10 Reward Points per ₹100 spent after achieving ₹30,000 in monthly spends and on all birthday spends.
Charity Bonus: Earn 25% additional Reward Points when donating points to charity.
Reward Redemption
Redemption Options: Redeem your Reward Points against various options and vouchers at a value of 1 Reward Point = ₹0.25.
Karma Points
Earning Karma Points: After spending ₹30,000 in a month, earn 1 Karma Point for every ₹100 spent (excluding Fuel, Insurance, EMI, Cash withdrawals, rent payments, etc.).
Redemption: 1 Karma Point = ₹0.25. Upon reaching 20,000 Karma Points, they are donated to a charity of your choice (default is CRY Foundation). You can change your charity by calling the VIP Access number.
Travel Benefits
Domestic Lounge Access: Enjoy four complimentary domestic lounge visits every quarter (16 per year), applicable to both primary and supplementary cardholders.
International Lounge Access: Four complimentary international lounge visits every quarter (16 per year) for both primary and add-on cardholders.
Spa Sessions: Four free spa sessions every quarter.
Visa Infinite Privileges: Access exclusive benefits like Airport Limousine Transfer, Meet and Greet immigration, and the Affluent Dining program.
Insurance Benefits
Air Accident Coverage: ₹1 Crore insurance cover.
Checked-In Baggage Loss: Coverage of USD 500.
Flight Delay: Compensation of USD 300.
Checked-In Baggage Delay: Coverage of USD 100.
Loss of Passport and Documents: Coverage of USD 300.
Fuel Surcharge Waiver
Fuel Transactions: 1% fuel surcharge waiver on all transactions, with a maximum waiver of ₹400 per month.
Summary
The IDFC First Bank Private Credit Card is a super-premium offering that directly competes with top-tier cards like HDFC Bank's Infinia and Axis Bank's Reserve. This card stands out by not only offering luxury benefits like complimentary lounge access and movie discounts but also allowing cardholders to contribute to charity through Karma Points earned on monthly spending. This blend of premium perks and social responsibility makes it an ideal choice for those seeking a high-end lifestyle. While the card is invitation-only, maintaining a strong credit history and relationship with IDFC First Bank can increase your chances of receiving an invitation.