As compared to other IDFC FIRST Credit Cards that follow an incremental rewards structure, IDFC FIRST Private offers 10X rewards across all spends, irrespective of the spending limit. However, considering a low redemption rate of Rs. 0.25 for each reward point, the actual reward rate comes to 2.5%, which is not impressive for a super-premium card. Moreover, the card does not provide redemption against air miles or travel bookings – options that generally make premium cards’ rewards program valuable. Karma Points on transactions beyond Rs. 30,000 are an added advantage, especially for high-spenders.
IDFC FIRST
IDFC FIRST Private Credit Card
Travel
Lounge Access
1st Year Fee: ₹50,000* Plus Applicable Taxes
Lounge Access
Unlimited lounge access worldwide
Hotel Benefits
Club ITC & AccorPlus Membership
Movie Benefit
Save up to Rs. 1,500 per month on BookMyShow
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About IDFC FIRST Private Credit Card
IDFC FIRST Private Credit Card is an invite-only super premium credit card that comes with an incremental reward structure with no capping and no expiry on reward points, unlimited lounge access, zero forex mark-up fee and complimentary memberships. With features that span multiple categories, IDFC FIRST Private competes with other super premium cards like Axis Reserve and HDFC Infinia. However, unlike these cards, IDFC First Private Card does not offer air miles conversion of reward points- an important feature on most premium cards. Read on to know if this card can be a good option for travellers and high-spenders.
Note: This is an invite-only card. Content on this page is for information only.
Rewards Program, Welcome & Milestone Benefits
IDFC FIRST Private Credit Card compensates for the joining fee with complimentary hotel memberships and bonus reward points. The card also comes with a good reward rate, as shown below:
Welcome Benefits
- 1,00,000 bonus rewards points worth Rs. 25,000
- Complimentary Club ITC Culinaire Select Membership
- Complimentary Accor Plus Explorer Membership
Rewards Program
- 10 reward points per Rs. 100 across all spending categories except rent, education and insurance
- 3 reward points per Rs. 100 spent on rent and education spends
- 1 reward point per Rs. 100 spent on insurance premiums
Other Features and Benefits
IDFC FIRST Private Credit Card offers the following lifestyle benefits, along with the rewards program:
Travel Benefits
- 0% forex mark-up fee
- Unlimited domestic and international airport lounge and spa access in India for both primary and add-on cardholders, along with 4 free domestic lounge visits for accompanying guests
- 4 complimentary railway lounge visits in a quarter
- Cancellation for any reason insurance, for 2 claims up to Rs. 50,000 on flight and hotel booking cancellations
- Comprehensive travel and air accident insurance covers
- Complimentary roadside assistance worth Rs. 1,399
Also Check: Best Lounge Access Credit Cards
Fees and Charges
| Particulars | Amount |
|---|---|
| Joining Fee | Rs. 50,000 |
| Annual Fee | Rs. 50,000 |
| Finance Charges | 0.75% p.m. (9% p.a.) |
| Cash Withdrawal Fee | Nil |
| Late Payment Charges | Nil |
Things to Know Before you apply
Who is likely to get an invite for IDFC FIRST Private Credit Card?
People who already have a banking relationship with IDFC FIRST Bank
Consumers who have a very high annual income
Individuals who already own super-premium cards from other providers, along with high credit limit
People with an excellent credit profile and a history of handling high-value transactions
Similar Cards
Axis Burgundy Private
HDFC Infinia
Axis Reserve
American Express Platinum Card
ICICI Emeralde Private Metal Credit Card
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What do we like about this card?
With benefits like hotel memberships, zero forex mark-up, unlimited lounge access and airport meet and greet service, IDFC FIRST Private Credit Card can be an excellent option for frequent travellers – both domestic and international. Additional perks like unlimited golf rounds, dining and movie benefits make it a well-rounded super-premium card. However, its rewards program falls short compared to other premium cards like the HDFC Infinia or Axis Reserve, primarily due to a subpar redemption ratio (4:1), which significantly lowers the overall reward rate.
Pros
- No forex mark-up fee
- Unlimited lounge access with extensive travel-assistance benefits
- Up to Rs. 18,000 off on entertainment bookings like movies, events, etc.
Cons
- Reward rate of 2.5% is low as compared to other super-premium credit cards
- No air miles conversion option
Conclusion
While IDFC FIRST Private Credit Card may fall short in terms of reward rate, its overall value lies in the extensive travel and lifestyle benefits it offers. For those who can make the most of its travel and lifestyle benefits, the combined perks can easily offset the annual fee. However, high spenders seeking maximum returns on their purchases may find better value with premium cards with higher reward rates.
Footnotes
- Net spends for the first 6 statement cycles will be considered for milestone calculation, every anniversary year. Reversed transactions, EMI conversion, balance transfers, cash withdrawals, fees and financial charges and spends made on add-on cards will not be considered.
- Fuel, EMI, Insurance transactions, Cash withdrawals, rental and property transactions do not qualify for Karma Point accrual.
- Visa may update the terms and conditions related to these benefits. Consumers are advised to check updated details before availing.
Click here to know More Terms and Conditions
Rupanshi Thapa
Rupanshi a personal finance writer, specializing in credit cards and consumer finance. Her work is committed to helping readers navigate the complex world of credit with confidence– whether they are selecting the right credit card, optimizings rewards, managing debt, or improving their financial well-being. Through her detailed insights and actionable advice, she guides readers towards smarter financial choices.
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