New IDFC CC variant - FIRST WOW!

[akash]

Got a call from my RM regarding IDFC's new FD-based CC

Link: https://www.idfcfirstbank.com/credit-card/credit-card-against-fixed-deposits

Will be on Visa Infinite platform, credit limit = 100% of FD upto INR 3 lakh

 

[ashwinkashwink is verified member.]

Got a call from my RM regarding IDFC's new FD-based CC

Link: https://www.idfcfirstbank.com/credit-card/credit-card-against-fixed-deposits

Will be on Visa Infinite platform, credit limit = 100% of FD upto INR 3 lakh

Oh IDFC now started fd backed cards.

 

[mukundstud]

Whoa!! Forex Markup charges on this card is 0%!! Even Wealth Credit Card does not have a 0 Forex Markup!! This card can be allotted at a nominal FD of Rs. 5000!!! This could easily be the best card for people looking to start their credit life...

 

[ashwinkashwink is verified member.]

Whoa!! Forex Markup charges on this card is 0%!! Even Wealth Credit Card does not have a 0 Forex Markup!! This card can be allotted at a nominal FD of Rs. 5000!!! This could easily be the best card for people looking to start their credit life...

Hope all is well as your assumption 😂

 

[mukundstud]

Hope all is well as your assumption 😂

I am assuming nothing. I have read the features of the card through the shared link:

Credit Card Against FD | IDFC FIRST Bank

Apply for a Credit Card Against Fixed Deposit at IDFC FIRST Bank and receive instant approval with no paperwork. Enjoy easy access to credit with added security.

www.idfcfirstbank.com

 

[BankExpertIndia]

Whoa!! Forex Markup charges on this card is 0%!! Even Wealth Credit Card does not have a 0 Forex Markup!! This card can be allotted at a nominal FD of Rs. 5000!!! This could easily be the best card for people looking to start their credit life...

The Main Caveat Is That If We Get This Card Then We Won't Get Any Pre-Approved CC Offer

 

[ashwinkashwink is verified member.]

I am assuming nothing. I have read the features of the card through the shared link:

Credit Card Against FD | IDFC FIRST Bank

Apply for a Credit Card Against Fixed Deposit at IDFC FIRST Bank and receive instant approval with no paperwork. Enjoy easy access to credit with added security.

www.idfcfirstbank.com

Oh I see but idfc account is mandatory right?

 

[Krish]

Oh I see but idfc account is mandatory right?

Yeah, you need to create a FD of min 5000 in your savings account.

 

[Souvik]

Yeah, you need to create a FD of min 5000 in your savings account.

So effectively you need a savings account+FD account to get this card. Too clever

 

[ChurningNoob]

The Main Caveat Is That If We Get This Card Then We Won't Get Any Pre-Approved CC Offer

What do you mean by this? If we get WOW card we will not be eligible for other banks pre approved cards?

I was thinking if they would provide additional card with my Wealth.

 

[BMR]

Not other bank Noob... only IDFC he means!!

---> Can any one confirm this is Visa Infinite? What is the advantage of Select over this????

On the website, it does mention:

• No more joining fee or annual fee, only a lifetime of premium benefits and rewards on VISA Infinite

 

[zealot]

On the website, it does mention:

• No more joining fee or annual fee, only a lifetime of premium benefits and rewards on VISA Infinite

I got this wow card with just 2k FD today.

secured-card-offer | IDFC FIRST Bank

www.idfcfirstbank.com

 

[tiny]

I got this wow card with just 2k FD today.

secured-card-offer | IDFC FIRST Bank

www.idfcfirstbank.com

do you have a account in that bank and did you get VISA INFINITY CC ..??

 

[zealot]

do you have a account in that bank and did you get VISA INFINITY CC ..??

Yes, I have 10K MAB A/C and it is VISA INFINITE variant. Not received physical card yet.

 

[Batmanbaba]

Yes, I have 10K MAB A/C and it is VISA INFINITE variant. Not received physical card yet.

When it starts reflecting in cibil report do update that is it showing as secured credit card or normal credit card

 

[zealot]

When it starts reflecting in cibil report do update that is it showing as secured credit card or normal credit card

Yep. I will update it.