IDFC First Credit Cards, known for being LTF (Lifetime Free) and offering railway lounge access, are undergoing some major changes. Here’s what’s new:
1. Railway Lounge Access Now Comes With a Spend Condition
- Previously, complimentary railway lounge access was available without any conditions.
- Starting 20th Feb 2025, cardholders must spend ₹20,000 in the previous month to avail of this benefit.
2. Charges for Add-On Credit Cards
- Currently, no fees apply for add-on credit cards (except for Ashva, Mayura, and FIRST Private).
- From 20th Feb 2025, there will be a ₹499 + GST charge for any new add-on cards.
3. Education Fee Payments via Third-Party Platforms
- A 1% fee (min ₹249) will apply for education fee payments through platforms like CRED, PayTM, Cheq, MobiKwik, etc.
- No fee for payments made directly through the institution’s website or POS machines.
- Reward points will still be earned as per your card’s reward structure.
4. Change in APR Range
- Dynamic APR will now range from 8.5% to 46.2% (earlier, it was 9% to 43.8%).
- Overdue interest remains 47.88% per annum.
- Note: These changes do not apply to the FIRST SWYP Credit Card.
5. Fuel Surcharge Waiver Capped
- The fuel surcharge waiver is now capped at ₹300 per cycle for Ashva, Mayura, and FIRST Wealth Credit Cards.
- A 1% fee will be charged on total fuel spends exceeding ₹30,000 per cycle.
6. Card Replacement Fee Increase
- Replacement fees will rise to ₹199 + taxes (applies to all cards, including Image Personalisation).
- Exemptions:
- Metal Cards: Ashva, Mayura, FIRST Private.
- Digital Cards: FIRST Digital, FIRST EA₹N.
7. Revised Statement Dates for Select Cards
- Statement date for FIRST Millennia, FIRST Wealth, and FIRST SWYP will now be the 20th of each month.
- Payment due date remains 15 days after the statement date.
8. GST Charges on All Fees
- An 18% GST will apply to all the new charges.
For More Details Visit IDFC First Credit Cards