Credit card usage is rapidly growing, not just in metro cities but also in tier 2 and 3 cities. In today’s digital world, credit cards have become a part of everyday life.
To meet this rising demand, IDFC FIRST Bank has launched the FIRST WOW! Black Credit Card. This card is designed especially for new credit users, students, self-employed individuals, and international travelers.
According to Business Standard, this card is an upgraded version of the bank’s existing FD-backed credit card.
It is suitable for those who want the benefits of a premium credit card but are concerned about their budget or credit score. International travelers may find it particularly helpful in reducing expenses abroad.
Key Features of the FIRST WOW! Black Credit Card
Foreign Transaction Savings: Most credit cards charge 3–3.5% for foreign transactions. This card can save ₹6,000–₹7,000 on a ₹2 lakh foreign trip.
Card Options: It comes as a physical Mastercard and a UPI-enabled RuPay virtual card, both linked to the same credit limit and statement.
UPI Rewards: Transactions above ₹2,000 earn 1% reward points.
Discounts and Benefits
Earn up to 16.7% reward points on hotel bookings and up to 10% on flight tickets.
Four domestic airport lounge visits per year.
Travel cancellation coverage up to ₹10,000.
Additional perks include movie ticket discounts, fuel surcharge waivers, and roadside assistance.
Insurance Benefits: Accident cover of ₹2 lakh and liability cover for card loss up to ₹25,000.
FD-Backed Secured Credit Card
The FIRST WOW! Black Card is a secured card issued against a ₹20,000 fixed deposit, making it accessible even for those with low or no credit history. This allows new or secured credit-seeking users to apply easily.
Who Should Apply?
People who travel abroad at least once a year.
Individuals who frequently use UPI and digital payments.
Those looking to earn rewards on flight and hotel bookings.
