IDFC FIRST WOW Credit Card
IDFC FIRST WOW: judge the travel benefits against your spending and renewal cost.
By Ash · Issuer source linked 1 October 2026
Check the issuer’s current card terms, availability and eligibility criteria.
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4 Reward Points/₹200 on eligible online, offline and international spends; 1 point/₹200 on utilities, insurance, FASTag and railway spends. 1 point = ₹0.25; points expire after 24 months; redemption fee ₹99 + GST.
For ₹10,000 of eligible dining spending in one modelled cycle, the estimate is ₹50 (0.5% after the modelled cap). This example excludes merchant offers, redemption fees, annual milestones and transaction-level rounding. Eligibility and excluded transaction types still matter even where no cap is recorded.
Cardholders who use the benefits listed below and can meet the applicable channel, merchant and spend requirements. Fee-waiver terms: Lifetime free; FD-backed (minimum FD ₹20,000).
The annual fee outweighs the benefits you can actually use, or your main spending falls outside the eligible merchants or categories.
Points valued at ₹0.25, before ₹99 + GST per redemption. Assumes eligible transactions meet the ₹200 earning block and total cycle spending stays within the credit limit; spend beyond that limit earns no points. Aggregate estimates do not simulate per-transaction block rounding. Fuel, EMI, cash withdrawals, fees and charges are excluded.
4X eligible travel except railway/FASTag at 1X; not the separate WOW Black variant.
4 Reward Points/₹200 on eligible online, offline and international spends; 1 point/₹200 on utilities, insurance, FASTag and railway spends. 1 point = ₹0.25; points expire after 24 months; redemption fee ₹99 + GST.
PROS
- Zero forex markup
- No joining or annual fee
- FD-backed access without income proof
CONS
- Requires an FD (minimum ₹20,000)
- Reward points expire after 24 months
- ₹99 + GST redemption fee; no airport lounge access
- Published earn rules: 4 Reward Points/₹200 on eligible online, offline and international spends; 1 point/₹200 on utilities, insurance, FASTag and railway spends. 1 point = ₹0.25; points expire after 24 months; redemption fee ₹99 + GST.
- Redemption choice: 4 Reward Points/₹200 on eligible online, offline and international spends; 1 point/₹200 on utilities, insurance, FASTag and railway spends. 1 point = ₹0.25; points expire after 24 months; redemption fee ₹99 + GST.
- Renewal decision: Listed annual fee: ₹0 before applicable tax. Lifetime free; FD-backed (minimum FD ₹20,000). Compare this cost with rewards you can redeem; a fee waiver is not itself a reward.
Requires an FD (minimum ₹20,000). Reward points expire after 24 months. ₹99 + GST redemption fee; no airport lounge access
How does IDFC FIRST WOW earn rewards?
4 Reward Points/₹200 on eligible online, offline and international spends; 1 point/₹200 on utilities, insurance, FASTag and railway spends. 1 point = ₹0.25; points expire after 24 months; redemption fee ₹99 + GST.
Are points and cashback the same?
4 Reward Points/₹200 on eligible online, offline and international spends; 1 point/₹200 on utilities, insurance, FASTag and railway spends. 1 point = ₹0.25; points expire after 24 months; redemption fee ₹99 + GST.
What should I compare before renewing?
The published fee, applicable tax, waiver conditions and the benefits you use. Lifetime free; FD-backed (minimum FD ₹20,000). Exclude unused vouchers and promotional offers from your baseline.