Our Products
Loans
Cards
Insurance
Investment
Stock Market
Electronics Mall
CIBIL Score
Knowledge Centre
Calculators
Our Services
My Account
Do not call
En
Know IDFC FIRST Bank credit card fees and interest rates with this guide to help you manage your card costs efficiently and avoid unnecessary charges.
Last updated on: April 03, 2026
IDFC FIRST Bank credit cards come with a transparent fee structure that may include joining fees, annual fees, interest on outstanding balance, and various usage-based charges. These may cover late payment fees, overlimit fees, cash withdrawal charges, foreign transaction mark-ups, reward redemption fees, and certain usage surcharges. The exact fee and interest rate depends on the card variant, your credit profile, and how you use the card each month. Understanding these costs can help you choose the right card and manage it efficiently.
IDFC FIRST Bank categorises credit card costs into different charges such as annual and joining fees, interest, penalties, transactional fees, and specific usage-based surcharges.
A joining fee may be applicable on select IDFC FIRST Bank credit cards when the card is first issued. For example, certain variants list a specific joining fee amount, while others mention ‘Nil’ for joining fee. In some premium or co-branded cards, the joining fee and first-year benefits are packaged together.
| Credit Card Name | Joining Fee |
|---|---|
Nil |
|
Nil |
|
Nil |
|
Nil |
|
Nil |
|
₹499 |
|
₹199 |
|
₹499 |
Note: The above-mentioned joining fees are subject to change at the issuer’s discretion.
Many IDFC FIRST Bank credit cards are positioned as lifetime-free, which means there is no annual or renewal fee for those particular variants. However, some premium cards may carry an annual fee that is charged every year, often linked to the card’s additional benefits and privileges. This annual fee is usually mentioned clearly in the Schedule of Charges and card details before you apply.
| Credit Card Name | Joining Fee |
|---|---|
Nil |
|
Nil |
|
Nil |
|
Nil |
|
Nil |
|
₹499 |
|
₹199 |
|
₹499 |
Note: The above-mentioned joining fees are subject to change at the issuer’s discretion.
IDFC FIRST Bank uses dynamic interest rates on credit cards. Monthly finance charges typically range from about 0.75% to 3.85% per month on most variants. This roughly translates to a range of 8.5% to 46.2% per annum for regular finance charges. The same can go up to 3.99% p.m. or 47.88% annually for overdue interest when only partial payments are made. The exact rate applicable to you may depend on factors like your repayment behaviour, utilisation pattern, and internal bank policies.
| Charge Description | Frequency / Type | Range of Applicable Fee |
|---|---|---|
Interest Rate |
Monthly |
0.75% to 3.85% p.m. (9% to 46.2% p.a.) |
Overdue Interest |
Monthly |
3.99% p.m. (47.88% p.a.) |
Disclaimer: The abovementioned credit card fees and charges may change at the issuer’s discretion.
Late payment charges apply if you do not pay at least the Minimum Amount Due by the due date. For most IDFC FIRST Bank credit cards, late fees are calculated at 15% of the Total Amount Due from the previous statement after adjusting for payments. This is subject to a minimum and maximum cap. These charges may differ on the basis of variant, with some cards having different maximum caps or even nil late fees in select cases.
| Charge Description | Frequency / Type | Range of Applicable Fee |
|---|---|---|
Late Payment Fee |
Per Occurrence |
15% of Total Amount Due (₹Min 100) |
Disclaimer: The abovementioned credit card fees and charges may change at the issuer’s discretion.
Overlimit charges are applicable when you spend beyond your sanctioned credit limit and have consented to the overlimit facility. For most IDFC FIRST Bank credit cards, the overlimit fee is 2.5% of the overlimit amount, subject to a minimum of ₹550. Some cards, such as certain secured or special variants, may not offer overlimit facility, and the overlimit fee is not applicable on those cards.
| Charge Description | Frequency / Type | Range of Applicable Fee |
|---|---|---|
Overlimit Fee |
Per Occurrence |
2.5% of overlimit amount (Min ₹550) |
Disclaimer: The abovementioned credit card fees and charges may change at the issuer’s discretion.
When you withdraw cash using your IDFC FIRST Bank credit card at an ATM, a fixed transaction fee is charged per withdrawal. For most variants, this cash advance fee is ₹199 per transaction, plus applicable taxes. Similarly, interest on the withdrawn amount starts from the date of withdrawal. On a few special cards, the bank may provide interest-free cash withdrawal till the due date. However, the cash advance fee of ₹199 still applies.
| Charge Description | Frequency / Type | Range of Applicable Fee |
|---|---|---|
Cash Advance Fee |
Per Transaction |
₹199 |
Disclaimer: The abovementioned credit card fees and charges may change at the issuer’s discretion.
On international spends, a foreign currency markup fee, or forex charge, is levied over and above the exchange rate. The markup percentage depends on the card variant and can range from about 1% to 3.5% for different IDFC FIRST Bank credit cards. Some premium cards, especially certain metal and travel variants, may offer lower forex markup or even zero forex markup as a key benefit.
| Charge Description | Frequency / Type | Range of Applicable Fee |
|---|---|---|
Forex Markup Fee |
Per Transaction |
0 to 3.5% |
Disclaimer: The abovementioned credit card fees and charges may change at the issuer’s discretion.
The following table outlines the common fees you might encounter on IDFC FIRST Bank credit cards available on Bajaj Markets. These can help you compare costs and manage your card usage with more transparency.
| Charge Description | Frequency / Type | Range of Applicable Fee |
|---|---|---|
Reward Redemption Fee |
Per Transaction |
₹99 per redemption transaction |
Cheque Bounce Fee |
Per Instance |
2% of payment amount (Min ₹500) |
Card Replacement Fee |
Per Request |
Starting from ₹199 |
Disclaimer: The abovementioned credit card fees and charges may change at the issuer’s discretion.
Interest calculation can seem complex, but it essentially follows a standardised method based on your daily balance. If you carry forward a balance or pay only the minimum amount, interest is applied to your outstanding dues from the date of the original transaction.
The issuer calculates interest using the ‘Average Daily Balance’ method. Here, they first look at the balance you owe at the end of every single day during your billing cycle. Then those daily balances are added together and divided by the number of days in the cycle.
If you do not pay your total bill in full, you lose the interest-free grace period. This means any new purchases you make will also start attracting interest from the day you spend the money, rather than from the statement date.
To calculate the monthly interest, the bank uses a basic formula:
Interest Amount = (Outstanding Amount x Monthly Interest Rate x 12 x Number of Days) / 365
For instance, if you have a balance of ₹10,000 at a monthly interest rate of 3%, the daily interest is calculated and accumulated for every day the amount remains unpaid.
Many credit cards offer a way to get your annual or renewal fee waived if you meet certain spending milestones within a year. This incentivises you to use your card for your regular expenses while rewarding your loyalty with a cost-free experience.
Here are two examples of IDFC FIRST Bank credit cards with annual fee waiver, as available on Bajaj Markets:
| Credit Card Name | Annual Fee | Annual Fee Waiver Milestone |
|---|---|---|
₹199 |
Spend ₹50,000 in the previous year |
|
₹499 |
Spend ₹1 Lakh in the previous year |
Note: Most core entry/mid level IDFC FIRST Bank cards like Millennia, Classic, Select, and Wealth are offered a ‘Lifetime Free’ with no joining or annual fees.
The waiver process is usually automated. Once your total spends hit the target amount within the 12 months preceding your renewal date, the bank either does not charge the fee or reverses it in the next statement. This is a great way to ensure that the value you get from rewards and offers far exceeds the cost of the card.
Being proactive with your credit card management can help you avoid almost all additional fees, leaving you only with the benefits of your card.
Reviewer
The finance charge on IDFC FIRST Bank Credit Cards for purchases, cash advances, and outstanding balances range between 9% p.a. and 46.2% p.a. The finance charges on overdue interest extend up to 47.88% p.a.
The over-limit fee on IDFC FIRST Bank Credit Cards is 2.5% of the over-limit amount, subject to a minimum charge of ₹550. Certain premium cards may not levy over-limit charges.
You may have to pay forex charges for international transactions on IDFC FIRST Bank credit cards, depending on the variant you have. Some cards like the IDFC FIRST WoW! Credit Cards offer zero forex markup, while for others it can go up to 3.5%.
Yes, you will have to pay late payment charges if you do not clear your outstanding balance before the specified due date. For most IDFC FIRST Bank credit cards, late fees are calculated at 15% of the Total Amount Due from the previous statement after adjusting for payments.
The annual charges of IDFC FIRST Bank Credit Cards depend on the variant you choose. Some cards do not require paying any annual charges, while other variants can have ₹499+ annual/renewal fees.
You will need to clear your outstanding balance to avoid late payment charges. If you are unable to clear the entire balance, you can also pay the minimum amount due.
IDFC FIRST credit cards may include charges such as interest on outstanding balances, late payment fees, cash advance fees, foreign currency transaction fees, and other service charges depending on the card variant. Some cards may have zero joining or annual fees, but other transaction-related charges can still apply as per the card’s terms.
Common fees on IDFC FIRST credit cards may include finance charges (interest on unpaid balances), late payment fees, cash withdrawal charges, forex markup fees on international transactions, and processing fees for services like balance transfer or EMI conversion. The exact charges can vary depending on the specific credit card variant and usage pattern.
Interest on IDFC FIRST Bank credit cards is typically calculated on the outstanding balance using a daily rate derived from the card’s annual percentage rate (APR). The formula generally follows: (Number of days × Outstanding amount × APR) ÷ 365, with interest calculated daily and compounded monthly if the balance is not fully paid by the due date.
Academy 
