IDFC Wow Credit Card

[varun__goel_]

Wanted to get a secured credit card for my mother as she have very low cibil score and IDFC Wow looks good. Wanted to know how has been fellow member's experience with this, who do not hold IDFC savings acc.
1. The onboarding experience.
2. Do we receive any LE offers like Kotak.
3. Interest earned is reinvested or credited to our acc?
4. Card cancellation experience (time the bank takes to return FD to our acc)

 

[doraemon]

99 is the fees right?
Whatever u closed.will be closed
Wow + fd will remain as they were

No wow is also showing closed and got messaged that your card is permanent closed

 

[Vasuki]

No wow is also showing closed and got messaged that your card is permanent closed

If wow is closed u will get fd amount on source bank account from where u funded fd while opening

 

[doraemon]

If wow is closed u will get fd amount on source bank account from where u funded fd while opening

Will that 236 be deducted?
If yes is there any possibility to get them waived ?

Just for my understanding,
Will idfc ever let me apply for there fd / normal cards again in future ???

 

[Vasuki]

Will that 236 be deducted?
If yes is there any possibility to get them waived ?

Just for my understanding,
Will idfc ever let me apply for there fd / normal cards again in future ???

You can apply just after closure post fd money received in bank

Yes to fd card !
Yes to other normal card ( service area )

For 236 . Talk to Idfc customer care.

 

[doraemon]

You can apply just after closure post fd money received in bank

Yes to fd card !
Yes to other normal card ( service area )

For 236 . Talk to Idfc customer care.

Thank you so much for instant help

 

[apindersingh]

1. No issues in onboarding. Got the physical card quickly. But, IDFC app took long time to list the card.
2. LE can be done by opening additional FDs
3. Reinvested.
4. Didnt try closing the card

Hi, when was the card listed on the app, mine to has not been listed, it's been 5-6 days since the delivery

 

[paxauquabriba-4876]

1. No issues in onboarding. Got the physical card quickly. But, IDFC app took long time to list the card.
2. LE can be done by opening additional FDs
3. Reinvested.
4. Didnt try closing the card

website mentions no cibil required but cant trust idfc.

so does idfc performs a hard enquiry on cibil for idfc wow cc ?

 

[pothi]

website mentions no cibil required but cant trust idfc.

so does idfc performs a hard enquiry on cibil for idfc wow cc ?

Yes yes yes yes yes yes yes yes yes (hoping you know why there are multiple yeses).

 

[paxauquabriba-4876]

Yes yes yes yes yes yes yes yes yes (hoping you know why there are multiple yeses).

did not want to create new thread & found very old threads that i was not hopeful of geeting replies. yet rcvd answers. so thanks again

 

[Vasuki]

Wanted to get a secured credit card for my mother as she have very low cibil score and IDFC Wow looks good. Wanted to know how has been fellow member's experience with this, who do not hold IDFC savings acc.
1. The onboarding experience.
2. Do we receive any LE offers like Kotak.
3. Interest earned is reinvested or credited to our acc?
4. Card cancellation experience (time the bank takes to return FD to our acc)

1- smooth experience . minimal kyc
2- no l.e .kotak is one in industry
3- intrest earned credit or reinvest depend on what u choose .

4- card cancellation is smooth , fd amount within 7 working days .


Additional- after card close it still might see active for few months .in my case I had to request them to report closed after months .



Mark my answer as solution

 

[peregrine0falcon]

IDFC Wow card closing -

I closed my Wow card on may 21 morning. I received no calls. I got a mail stating that my Wow card has been closed on May 22 morning. I mailed IDFC to give me an estimation of FD transfer to my savings account, they said wait for 7 working days. May 22 afternoon I saw that the lien has been removed from my FD. I saw the close FD button in mobile app. I clicked on close FD, it asked for a bank account. I provided one and it credited 1INR and asked for mpin. I received the funds in 15mins. I had 2 FDs. On breaking the second one it threw an error (some duplicate request and technical issue) but after 30 mins I provided a second bank (SBI) account details and the FD is closed now. The entire process took less than 2 days (If you keep track of lien status on app).

There was no deductions and I got 5.5% interest from june/july 2023 to may 2024.

update: just received the second FD amount after 7 mins in SBI after closure.

 

[Riya Sharma]

Why does your mother have a low CIBIL?

 

[varun__goel_]

Why does your mother have a low CIBIL?

No credit availed from past 10 years or more....

 

[Riya Sharma]

No credit availed from past 10 years or more....

My mother has a CIBIL score of 802