IDFC First WOW Credit Card
Joining Fee: No joining fees
Renewal Fee: No renewal fees
Reward Type: Reward Points
Rewards
4X Reward Points: Earn 4 Reward Points (RPs) per Rs. 100 spent on eligible transactions. Utility spends earn 1 RP per Rs. 100, with no RPs for fuel, EMI transactions, or cash withdrawals. RPs never expire.
Reward Redemption: Redeem RPs for online or in-store purchases or gift vouchers. 1 RP = Rs. 0.25, with a redemption fee of Rs. 99 plus taxes.
Movie,Forex And Fuel Benefits
50% Off on BookMyShow: Enjoy a 50% discount up to Rs. 300 on movie ticket bookings made through BookMyShow, plus up to Rs. 200 off on food and beverages. Non-movie bookings get a 50% discount up to Rs. 500.
Fuel Surcharge Waiver: Receive a 1% waiver on fuel surcharges across India, with a maximum benefit of Rs. 200 per month.
Zero Forex Markup Fee: No charges on international transactions, a significant advantage over other secured credit cards, which typically charge 3.5% on Forex markup fees.
Additional Features
Insurance Benefits: Coverage includes Rs. 2,00,000 for Personal Accident, Rs. 25,000 each for Card Liability, Credit Shield, and Purchase Protection. Terms and conditions apply.
Road Side Assistance: Includes 4 complimentary services worth Rs. 1,399 across India, covering towing, battery assistance, tire changes, breakdown support, taxi benefit, and more.
Summary
The IDFC FIRST WoW Credit Card is a top choice for those seeking a secured credit card, offering no joining or renewal fees, zero foreign transaction markup, no interest on ATM withdrawals, and low interest rates—features uncommon in most secured cards. Unlike competitors like the ICICI Bank Instant Platinum Credit Card and Kotak 811 #DreamDifferent Credit Card, the WoW! Card stands out with its superior benefits. Cardholders also earn reward points on every transaction, which never expire and can be redeemed anytime. The card includes welcome benefits, fuel surcharge waivers, dining discounts, insurance coverage, and roadside assistance, making it an excellent choice for those seeking a fee-free secured card with extensive perks.