IDFC FIRST BankVisa • Entry Tier Source Verified

IDFC FIRST Classic Credit Card Fees & MITC Charges

Lifetime Free credit card with low dynamic interest rates (9%-36% APR) and reward points that never expire.

IDFC

FIRST Bank

VISA

FIRST CLASSIC

•••• •••• •••• 2026

Entry

Joining Fee

₹0 (Free)

No upfront joining fee

Annual Renewal Fee

₹0 (Lifetime Free)

Zero annual maintenance

Annual Fee Waiver Spend

N/A

No annual waiver criteria

Forex Markup Fee

3.5%

Effective 4.13% incl. GST

Airport Lounge Access Policy (2026 Update)

Domestic Lounge Allowance:1 visit(s) per quarter

International Lounge Allowance:None

Quarterly Spend Condition:₹20,000 in prior quarter

Official Rule: 1 complimentary domestic airport lounge visit per quarter on spending ₹20,000 in the previous calendar month.

Surcharges & Utility Caps

Fuel Surcharge:1% waiver on transactions between ₹500 and ₹4000 (up to ₹300/month).

Utility Spends:1% surcharge applies on cumulative monthly utility bill payments exceeding ₹50,000.

Key Strengths

•100% Lifetime Free forever with zero joining or renewal fees
•Reward points never expire and have zero redemption charges
•10X reward points (2.5% return) on spends above ₹20,000 per month

Limitations & Drawbacks

•Airport lounge requires ₹20,000 monthly spend threshold
•3.5% foreign currency markup
•Base 3X return on offline spends is 0.75%

Source Provenance

Primary Authority Document:Official Issuer Most Important Terms & Conditions (MITC)

Last Verified Date:2026-08-21

Regulatory Compliance:RBI Master Direction – Credit Card and Debit Card Issuance and Conduct Directions

View Official Bank MITC Apply on Official Bank Website →

Related Intelligence Tools

• Calculate Your Net Value for this Card →• Check Airport Lounge Spend Criteria →• Compare with 0% Forex Cards →• Decode Credit Card Statement Charge →

Questions about IDFC FIRST Classic Credit Card charges

What is the annual fee for IDFC FIRST Classic Credit Card?

IDFC FIRST Classic Credit Card is a Lifetime Free (LTF) credit card with ₹0 joining fee and ₹0 annual fee.

What is the foreign currency (forex) markup on IDFC FIRST Classic Credit Card?

IDFC FIRST Classic Credit Card charges a 3.5% foreign currency markup fee + 18% GST on all non-INR currency transactions and foreign merchants.

Does IDFC FIRST Classic Credit Card offer airport lounge access in 2026?

IDFC FIRST Classic Credit Card provides 1 complimentary domestic lounge visit(s) per quarter. Under 2026 bank rules, you must spend at least ₹20,000 in the preceding calendar quarter to unlock complimentary access.