Ah, the aspiration of studying abroad on far-off lands, discovering new cultures, and having fun and exciting experiences! However, the cost of exchanging currency and foreign transactions is quite irritating. What if you came to know that IDFC is offering international credit cards with zero Forex markup fees? Indeed, the IDFC WOW credit card is one of the best credit cards and an ideal choice to make your studies more convenient and pocket-friendly. So, without any further ado, Let’s discuss the details of the IDFC credit card.
Table of contents
IDFC Credit Card for Students: Features and Benefits
The IDFC First Bank offers a FIRST WOW! Credit Cards for the students to use it while studying abroad. The first WOW card is one of the best Forex cards offered by the IDFC Bank. The card comes with lots of benefits and advantages. Some of the benefits are as follows.
- The first WOW card is accepted across the globe.
- The card is accepted in all the major international currencies.
- It has zero mark-up fee on Forex transactions.
- It is a lifetime free credit card without any hidden charges.
- 5% cashback is provided on the first EMI transaction.
- The interest rate on the IDFC WOW credit card is comparatively lower.
- The IDFC WOW credit card can be used for the clearance of other transactions.
- The transactions can be easily converted to the EMIs.
- There are exclusive benefits such as cashback, discounts on dining and shopping, and travel rewards.
- There is no documentation required for the application process except your credit card.
Also Read: Confused between debit and Forex cards? Check out our blog on Forex Cards Vs International Debit Card
Eligibility Criteria for IDFC WOW Card
Check out the eligibility criteria for the IDFC WOW credit card for students before applying.
- The applicant should have Indian citizenship.
- The applicant should be 18 years of age.
- A fixed deposit is a must for the application process for an IDFC WOW credit card.
- The required minimum fixed deposit is Rs. 2000.
How to Apply for an IDFC WOW Card?
The application procedure for an IDFC WOW card is quite simple with no documentation required. The application procedure is completely online and free of all the paperwork. Check out the steps below to apply for an IDFC WOW credit card.
- STEP 1 – Go to the official website of IDFC First Bank.
- STEP 2 – Navigate to the ‘Credit Card’ option.
- STEP 3 – Choose ‘First WOW Credit Card’.
- STEP 4 – Press on the ‘Express Interest’ button in the ‘card’ option.
- STEP 5 – Enter and Register your basic details.
- STEP 6 – Choose and fund your fixed deposit.
- STEP 7 – Complete your KYC.
- STEP 8 – Check out all the details you have filled in.
- STEP 9 – Submit the form.
- STEP 10 – Track the application.
Fees and Charges for IDFC Credit Card for Students
The best part of the IDFC WOW credit card is its annual fees and joining charges. You will be surprised to know that there are no annual charges on an IDFC WOW credit card, Also, you can obtain the card without any hidden or joining charges. The cash withdrawal charges from the IDFC WOW credit card is also quite normal. The best part is you can earn 7.5% interest on FD & 4X Reward Points on Credit Card transactions. The withdrawal limit is 100% of the FD value from the ATMs.
Also Read: Looking for a Forex Card from a private bank? Check out this blog on Yes Bank Forex Card
FAQs
The best part of the IDFC First WOW card for students is that there are no annual charges or joining fees.
The maximum credit limit of the IDFC Forex credit card actually depends on the amount of FD. FIRST WOW! Credit Card from IDFC FIRST Bank offers a minimum credit limit of 100% of your FD value.
There should be Rs. 2000 in your FD account to apply for the IDFC WOW credit card for students.
Students can apply for the IDFC Forex WOW card based on the FD. There is no requirement for income security to apply.
No, there is no expiry date on the reward points accrued on the IDFC First WOW credit card.
Hope you liked our blog on the IDFC Forex card for students. To know more about forex cards, the best international bank accounts for students, forex and banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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