FD-backed, lifetime free
IDFC FIRST WOW! Credit Card
A lifetime-free card backed by a fixed deposit, so anyone can get it without income proof. It has 0% forex markup, which makes it handy for foreign trips.
Joining feeFree
Annual feeLifetime free
Fee waiverNot needed
SecurityFD of ₹20,000 or more
LoungeNone
Forex markup0%
Best for: Students, first-time users and anyone building a credit score, especially if they travel abroad.
Rewards and cashback
| Where you spend | You earn | Limit |
|---|---|---|
| Most spends | 4 points per ₹200 (about 0.5%) | – |
| Utilities, insurance, FASTag, rail | 1 point per ₹200 | – |
| Fuel, EMI, cash advances | Nothing | – |
- 1 point = ₹0.25; ₹99 + GST fee per redemption.
- Your limit equals 100% of the FD, and the FD keeps earning interest.
Benefits
Welcome benefit
- No welcome benefit.
Milestones
- None.
Travel and lounges
- No lounge access.
Fuel and forex
- 0% forex markup.
- 1% fuel surcharge waiver on ₹200 to ₹5,000, up to ₹200 a cycle.
Other perks
- Optional RuPay add-on for UPI (₹199 + GST a year)
Fees and charges
| Joining fee | Free |
|---|---|
| Annual fee | Lifetime free |
| Security | Fixed deposit of ₹20,000 or more |
| Forex markup | 0% |
| Redemption fee | ₹99 + GST |
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
- No fees
- 0% forex markup
- Easy approval with an FD
Watch out for
- Money locked in an FD
- Low rewards
- No lounges
Recent changes
- 18 Jan 2026Base earn cut to 4 points per ₹200; FASTag and rail moved to 1X.
- Jan 20261% fees added on rent, high fuel spends and education payments.
Frequently asked questions
WOW! or WOW! Black?
WOW! is free with no lounges. WOW! Black costs ₹750 a year and adds lounges, golf and app travel bonuses.
Ready to apply for the IDFC FIRST WOW! Credit Card?Applying takes about 10 minutes online. Approval depends on the bank.
Apply nowSimilar cards
Sources: CardAdvisor. Details checked on 23 Oct 2026. For information only, not financial advice; always read the bank’s most important terms (MITC) before applying.