FD-backed card
IDFC FIRST WOW! Black Credit Card
A credit card backed by a fixed deposit, so you can get it with no income proof. It has 0% forex markup, bonus points on travel booked in the IDFC FIRST app, and domestic lounges.
Joining fee₹750 + GST
Annual fee₹750 + GST
Fee waiverOn ₹1.5 lakh spend a year
SecurityFD of ₹20,000 or more
Lounge4 domestic a year (spend-based)
Forex markup0%
Best for: First-time card users, students and anyone building a credit score who also travels abroad.
Rewards and cashback
| Where you spend | You earn | Limit |
|---|---|---|
| Flights and hotels in the IDFC FIRST app | Bonus points, up to about 10% on flights and 16.7% on hotels | 8,000 bonus points a month |
| Online, offline and international spends | 4 points per ₹150 (about 0.67%) | – |
| UPI (RuPay digital card) | Up to 3 points per ₹150 | – |
| Insurance and utilities | 1 point per ₹150 | – |
| Fuel, EMI, cash withdrawals | Nothing | – |
- 1 point = ₹0.25 as statement credit or vouchers, or ₹0.50 on travel booked in the IDFC FIRST app.
- Points never expire; ₹99 fee per redemption.
- From 18 Jun 2026, points are earned only on spend up to your credit limit each cycle.
Benefits
Welcome benefit
- About ₹5,000 of welcome offers, including ₹500 off your first in-app travel booking and a MakeMyTrip voucher, usually after a first spend.
Milestones
- Annual fee waived on ₹1.5 lakh spend.
Travel and lounges
- 4 domestic lounge visits a year (1 a quarter), each needing ₹20,000 spend in the previous month.
- Trip cancellation cover up to ₹10,000 a year.
Fuel and forex
- 0% forex markup.
- 1% fuel surcharge waiver on ₹200 to ₹5,000, up to ₹200 a cycle.
Other perks
- 4 golf rounds and 12 lessons a year
- 25% off movies on District, up to ₹100 a month (needs card use in the previous month)
- Personal accident cover of ₹2 lakh
- Free RuPay digital card for UPI on the same limit
Fees and charges
| Joining fee | ₹750 + GST (₹885) |
|---|---|
| Annual fee | ₹750 + GST, waived on ₹1.5 lakh yearly spend |
| Security | Fixed deposit of ₹20,000 or more; limit up to 100% of the FD |
| Forex markup | 0% |
| Redemption fee | ₹99 |
GST at 18% applies on fees. Banks change charges from time to time; the bank’s own terms are final.
Who can apply
- Age 18 to 80
- No income proof needed; open an FD of ₹20,000 or more
- Salaried, self-employed or student
You will usually need PAN, Aadhaar or address proof, and income proof (salary slips or ITR). A credit score of 750 or more improves your chances.
Pros and cons
What we like
- Easy approval with an FD
- 0% forex markup
- Lounges and golf on a secured card
Watch out for
- Money locked in an FD
- Low base earn rate
- Lounges need ₹20,000 spend in the previous month
Recent changes
- 18 Jun 2026Points earned only on spend up to the credit limit; movie offer needs card use in the previous month.
- 8 Dec 2025Card launched.
Frequently asked questions
Do I need a salary to get IDFC WOW! Black?
No. It is backed by a fixed deposit of at least ₹20,000, so income proof is not needed.
Does my FD keep earning interest?
Yes, the FD keeps earning interest while it secures the card.
Ready to apply for the IDFC FIRST WOW! Black Credit Card?Applying takes about 10 minutes online. Approval depends on the bank.
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Sources: CardAdvisor. Details checked on 22 Oct 2026. For information only, not financial advice; always read the bank’s most important terms (MITC) before applying.