IDFC FIRST Bank Unveils FD-Backed ‘WOW! Black’ Card With Zero Forex Fees

IDFC FIRST Bank has launched the FIRST WOW! Black Credit Card, a premium upgrade in its secured credit card category. The card lets customers enjoy international spending with zero forex markup, making global transactions cheaper.

The card works on a dual network, a Mastercard physical card and a UPI-enabled RuPay virtual card. Both use a single credit limit and come with one combined bill.

Key Benefits of the WOW! Black Card

Zero Forex Markup for International Spends

Customers can use the card abroad without paying extra foreign exchange charges.

UPI-Linked Credit Card Payments

The RuPay version of the card can be used to make payments via UPI.

Rewards on Daily Purchases

Users earn reward points on everyday spends and eligible UPI transactions. 
Bonus rewards apply to hotel and flight bookings made through the bank’s app.

Interest-Free Cash Withdrawals

Cardholders can withdraw cash with no interest until the payment due date. 
A flat ₹199 withdrawal fee applies.

Travel & Lifestyle Privileges

• 4 domestic airport lounge visits per year
• Free roadside assistance once a year
• Insurance coverage, including:
• Personal accident insurance up to ₹2 lakh
• Lost card liability up to ₹25,000
• Trip cancellation cover up to ₹10,000

Fees & Eligibility

• Joining fee: ₹750 + GST
• Annual fee: ₹750 + GST
• Annual fee waived from the second year if yearly spends cross ₹1.5 lakh
• Card is available against an FD starting from ₹20,000
• Fully digital application process

IDFC FIRST Bank says this card helps more users access premium features while building credit through a secured option.

Read More: Eternal CEO Deepinder Goyal Reveals ‘Temple’, a New Brain Blood Flow Monitoring Device.

IDFC First Bank Share Price Movement

IDFC First Bank share price (NSE: IDFCFIRTSB) closed at ₹79.00 on December 8, down 2.31% for the day. The stock opened at ₹80.84, touched a high of ₹81.65, and fell to an intraday low of ₹78.57. The bank currently holds a market cap of ₹57,94,000 crore, with a P/E ratio of 40.60 and a dividend yield of 0.32%. Its 52-week high stands at ₹82.70, while the 52-week low is ₹52.46. The bank’s quarterly dividend amount is ₹0.06 per share.

Conclusion

The FIRST WOW! Black Credit Card brings premium benefits, zero forex charges, UPI support, travel perks, rewards, and insurance, to customers who prefer FD-backed credit. With easy digital onboarding and low entry FD requirement, it aims to make high-end credit card features more accessible and affordable.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.