Credit checks are an integral part of credit card application and approval. If you are a first-time applicant, you may also need to show your income proof along with other documents to get the card of your preference. All these checks and verifications can make credit card applications tedious and time-consuming.
However, with an IDFC FIRST WOW! Credit Card, you can eliminate these hassles and get your card effortlessly. As this credit card is backed by a Fixed Deposit (FD), income proof and credit history are not required. But a quick, hassle-free application process is not the only benefit of the FIRST WOW! Credit Card. This card also comes with a host of shopping, entertainment, lifestyle, and travel benefits. Explore why it is the best secured credit card ever.
Understanding a secured credit card
A secured credit card is a financial tool that bridges the gap for individuals who might have a limited credit history, past financial setbacks, or irregular incomes. It requires you to provide a fixed deposit as collateral, which serves as a safety net for the credit card issuing bank.
As the fixed deposit acts as more of a credit limit than collateral, this card is most suitable for students, homemakers, freelancers, and self-employed individuals. Customers earn fixed deposit interest, as well as interest-free credit for up to 48 days.
Why should you get a FIRST WOW! Credit Card?
- No matter what your profession, a FIRST WOW! Credit Card is a must-have since it offers comprehensive benefits and comes with an attractive reward program. Here are some of the reasons why.
- Quick approval: There is no long waiting period or extended application process. Simply open and fund your fixed deposit, complete your KYC with the bank, and get instant approval for your FIRST WOW! Credit Card.
- Earn high-interest rates on your deposits: This card lets you earn while you spend. Use your fixed deposit as the credit limit of your WOW! Credit Card and earn up to 7.5% interest on your deposited funds.
- Pay your dues in instalments: This card offers the facility to repay your dues in instalments for a burden-free experience. In addition, you enjoy an interest-free period of up to 48 days.
- No annual charges or joining fee: You don’t have to pay any annual membership or joining fee. Just apply, receive your card, and enjoy the benefits.
- No income proof required: The FIRST WOW! Credit Card is designed for everyone. Whether you are a salaried individual, self-employed, a business owner, or a homemaker, you can opt for a FIRST WOW! Credit Card without income verification.
Unique features of FIRST WOW! Credit Card
- Attractive reward program: The FIRST WOW! Credit Card reward points are as good as cash. This means you can redeem them instantly in any online transaction and some offline transactions, too. It offers up to 4X rewards on your spends, which last forever!
- Exclusive merchant offers: You also get exclusive access to discounts and offers on over 300 merchants and popular brands worldwide. You can also enjoy the Buy-1-Get-1-Free offer from BookMyShow as this credit card works on the VISA Infinite network.
- No forex conversion fee: If you are a frequent flyer or an Indian staying abroad, the FIRST WOW! Credit Card offers you the benefit of zero forex conversion fee. This means you save more and enjoy more on your international travels without worrying about extra charges.
- 100% cash withdrawal at ATMs: The credit card allows you to withdraw 100% of your fixed deposit value in cash through ATMs across the globe.
- Fuel surcharge waiver: You can also save more on your fuel expenses as the card offers a fuel surcharge waiver of 1% on your fuel purchases.
Personal accident cover:
Your family shouldn’t have to bear the burden in the event of an unforeseen event. Stay rest assured with the FIRST WOW! Credit Card as it offers a personal accident cover of up to Rs. 2 lakhs.
It is easier for individuals to apply for secured credit cards since no credit check is required. In addition to offering several shopping, travel, lifestyle, and travel benefits, the IDFC FIRST WOW! Credit Card also comes with extra benefits to make your life easier. As well as building and improving your credit score, this fixed deposit credit card offers several shopping, travel, lifestyle, and travel benefits.
Don’t wait! Apply for an IDFC FIRST WOW! Credit Card today and enjoy comprehensive benefits.