Mr. X
TF Premier
We would like to inform you that some of the features and terms of your Credit Card will undergo changes with effect from 20™ Feb 2025:
Statement Date and Payment Due Date: For IDFC FIRST Millennia, FIRST Wealth, and FIRST SWYP Credit Cards, the statement date will be revised to 20* of each month.
The The payment due date continues to be 15 days from the statement date.
Education Fee Payments via Third-Party Platforms:
* A 1% fee (minimum Rs249) will apply to education fee payments made through
third-party platforms such as CRED, PayTM, Cheq, MobiKwik, and others. This fee will not be applicable for payments made directly through the school or college’s official website or at their POS (Point of Sale) machines.
You will continue to earn reward points on these payments in line with your card variant's reward structure.
Fuel Fee & Fuel Surcharge Waiver:
A 1% fee on total fuel spends will be applicable if fuel spends exceeds Rs 30,000 in a statement cycle.
- Example 1: Total fuel spends of Rs10,000 in a statement cycle will not attract a fee.
- Example 2: Total fuel spends of Rs30,000 in a statement cycle will not attract a fee.
- Example 3: Total fuel spends of Rs40,000 in a statement cycle will attract a fee of 400 (1% fee) + taxes.
* The fuel surcharge waiver for Ashva, Mayura, and FIRST Wealth Credit Cards will now be capped at Rs300 per statement cycle.
Annual Percentage Rate (%APR) Range:
IDFC FIRST Bank offers a dynamic interest rate (%APR) ranging from 9% p.a. to 43.8 % p.a.
The interest rate range will be revised, starting from 8.5% p.a. to 46.2% p.a.
The overdue interest rate remains unchanged at 47.88% p.a.
* Interest charges (APR) are only applicable on unpaid dues
For detailed information on interest charges, please refer to Section 1 (iv) of the MITC.
This is not applicable to FIRST SWYP Credit Card.
Railway Lounge Access:
IDFC FIRST Bank offers complimentary Railway Lounge Access on many of its cards. These lounges, located at select railway stations, provide travellers with premium amenities such as:
- Comfortable seating,
- Wi-Fi,
- Charging stations,
- Meals, snacks, beverages,
- Shower facilities (availability varies by lounge).
Complimentary Railway Lounge Access (as applicable) will now require a minimum spend of 20,000 in the previous calendar month.
- Example: Spends of 20,000 or more in March 2025 will enable complimentary lounge access for April 2025.
Add-On Card Fee:
IDFC FIRST Bank offers a completely digital, seamless and instant card issuance application for Add-On cards. Add-on cards are linked to the Primary Card and allow the Add-On Cardholder to enjoy all the card privileges.
- For all Add-On Cards created on or after 20th February 2025, a joining and annual fee of Rs499 + taxes will apply.
- This fee is not applicable for all Add-On Cards created before 20th February 2025.
- Add-On Card fees remain unchanged for Ashva, Mayura, and FIRST Private Credit Cards.
Card Replacement Fee:
The card replacement fee will be revised to Rs199 + taxes, including cards with the
Image Personalisation feature.
* Replacement fees remain unchanged for:
- Metal Credit Cards (Ashva, Mayura, and FIRST Private Credit Cards).
- Digital Credit Cards (FIRST Digital and FIRST EArN Credit Cards).
Image Personalisation Fee:
IDFC FIRST Bank allows its cardmembers to design their credit cards with a favourite photo or a picture from its ready-made gallery.
- For cards with the Image Personalisation feature created on or after 20th February 2025, a joining and annual fee of Rs499 + taxes will apply.
- Annual fee does not apply to Image cards created before 20th February 2025.
- The Image Personalisation feature is available on specific card variants.
Important Notes:
All changes mentioned above do not apply to the FIRST Private Credit Card.
Goods & Services Tax (GST) at 18% (or as notified by the Government of India) will be applicable on all fees, interest, and charges.
Fuel MCCs: 5172, 5541, 5542, 5983.
Education MCCs: 8299, 8211, 8241, 8244, 8249, 8220.
Statement Date and Payment Due Date: For IDFC FIRST Millennia, FIRST Wealth, and FIRST SWYP Credit Cards, the statement date will be revised to 20* of each month.
The The payment due date continues to be 15 days from the statement date.
Education Fee Payments via Third-Party Platforms:
* A 1% fee (minimum Rs249) will apply to education fee payments made through
third-party platforms such as CRED, PayTM, Cheq, MobiKwik, and others. This fee will not be applicable for payments made directly through the school or college’s official website or at their POS (Point of Sale) machines.
You will continue to earn reward points on these payments in line with your card variant's reward structure.
Fuel Fee & Fuel Surcharge Waiver:
A 1% fee on total fuel spends will be applicable if fuel spends exceeds Rs 30,000 in a statement cycle.
- Example 1: Total fuel spends of Rs10,000 in a statement cycle will not attract a fee.
- Example 2: Total fuel spends of Rs30,000 in a statement cycle will not attract a fee.
- Example 3: Total fuel spends of Rs40,000 in a statement cycle will attract a fee of 400 (1% fee) + taxes.
* The fuel surcharge waiver for Ashva, Mayura, and FIRST Wealth Credit Cards will now be capped at Rs300 per statement cycle.
Annual Percentage Rate (%APR) Range:
IDFC FIRST Bank offers a dynamic interest rate (%APR) ranging from 9% p.a. to 43.8 % p.a.
The interest rate range will be revised, starting from 8.5% p.a. to 46.2% p.a.
The overdue interest rate remains unchanged at 47.88% p.a.
* Interest charges (APR) are only applicable on unpaid dues
For detailed information on interest charges, please refer to Section 1 (iv) of the MITC.
This is not applicable to FIRST SWYP Credit Card.
Railway Lounge Access:
IDFC FIRST Bank offers complimentary Railway Lounge Access on many of its cards. These lounges, located at select railway stations, provide travellers with premium amenities such as:
- Comfortable seating,
- Wi-Fi,
- Charging stations,
- Meals, snacks, beverages,
- Shower facilities (availability varies by lounge).
Complimentary Railway Lounge Access (as applicable) will now require a minimum spend of 20,000 in the previous calendar month.
- Example: Spends of 20,000 or more in March 2025 will enable complimentary lounge access for April 2025.
Add-On Card Fee:
IDFC FIRST Bank offers a completely digital, seamless and instant card issuance application for Add-On cards. Add-on cards are linked to the Primary Card and allow the Add-On Cardholder to enjoy all the card privileges.
- For all Add-On Cards created on or after 20th February 2025, a joining and annual fee of Rs499 + taxes will apply.
- This fee is not applicable for all Add-On Cards created before 20th February 2025.
- Add-On Card fees remain unchanged for Ashva, Mayura, and FIRST Private Credit Cards.
Card Replacement Fee:
The card replacement fee will be revised to Rs199 + taxes, including cards with the
Image Personalisation feature.
* Replacement fees remain unchanged for:
- Metal Credit Cards (Ashva, Mayura, and FIRST Private Credit Cards).
- Digital Credit Cards (FIRST Digital and FIRST EArN Credit Cards).
Image Personalisation Fee:
IDFC FIRST Bank allows its cardmembers to design their credit cards with a favourite photo or a picture from its ready-made gallery.
- For cards with the Image Personalisation feature created on or after 20th February 2025, a joining and annual fee of Rs499 + taxes will apply.
- Annual fee does not apply to Image cards created before 20th February 2025.
- The Image Personalisation feature is available on specific card variants.
Important Notes:
All changes mentioned above do not apply to the FIRST Private Credit Card.
Goods & Services Tax (GST) at 18% (or as notified by the Government of India) will be applicable on all fees, interest, and charges.
Fuel MCCs: 5172, 5541, 5542, 5983.
Education MCCs: 8299, 8211, 8241, 8244, 8249, 8220.
Last edited by a moderator:
