Exciting benefits, easy eligibility: The FIRST Classic Credit Card requirements

Summary: FIRST Classic is an attractive option for first-time credit card users. If you want to own this credit card, this article explains its eligibility criteria to help you make an informed decision.

15 Jul 2024 by Team FinFIRST

Apply Now

Getting the first job and seeing your salary credited at the end of each month is quite a confidence boost. With a fixed income flowing in, you meet the basic credit card requirements as well.

For a first-time credit card user, a credit card is a lifestyle statement. It is a sign that you have started your ascent up the corporate ladder. Being a form of credit, it is also an early lesson on credit management – something you will need all your life. For a first-time credit card user who is planning to apply for a credit card, meeting the credit card requirements is very important. A first-time credit card user today can find the finest of credit card privileges by meeting a few very basic credit card requirements.

UPI and credit cards: The perfect combination for hassle-free payments

Mastering Credit Card EMIs: A comprehensive guide to benefits and usage

A classic experience

For a very simple and achievable set of credit card eligibility criteria, a first-time credit card user can enjoy the attractive features and privileges of the FIRST Classic Credit Card.

Incredible reward program: You can earn up to 10X reward points with this lifetime free card on incremental monthly spends above ₹20,000 and during your birthday month. The points never expire, making it easy to redeem credit card points toward your next purchase. Plus, enjoy 3X reward points on regular online and offline purchases across eligible categories.

Valuable perks: From movie ticket discounts to fuel surcharge waivers, complimentary railway lounge accesses to roadside assistance – with the FIRST Classic Credit Card, you get benefits that are handy and practical. The round-the-year merchant offers and restaurant discounts save you money, while the personal accident and lost card liability cover keeps you protected.

Get a RuPay add-on card: Another feature popular among young people is the ability to pay via UPI. You can opt for a virtual RuPay add-on credit card for a joining and annual fee of 199 + GST. Link it to your UPI app and use the credit limit of your FIRST Classic Credit Card to make UPI payments. These spends also fetch you 3X reward points.

FIRST Classic Credit Card eligibility requirements

An annual income of ₹3 lacs or more is the basic credit card requirement you need to meet to apply for the FIRST Classic Credit Card. The issuance is also subject to an internal assessment by IDFC FIRST Bank,

Apart from checking that you meet the credit card requirements, several other factors are considered in the internal assessments done by banks. Thus, apart from having an annual income, here are a few things you can get in shape to make sure that you get the credit card you want.

A good credit score – A credit score of 750 or more improves your chances of getting the credit card application approved. You can do so by being timely with your bills and due payments and avoiding defaults and loan rejections.

Low credit utilisation – Your credit utilisation from existing lines of credit must be low. This is an indication that you manage your credit responsibly.

Regular income – If you have a regular source of income, it improves your credibility, and chances of getting a credit card.

Going ahead with FIRST Classic

If you meet the simple credit card requirements of FIRST Classic, you can apply through a simple online process. It is a paperless process with minimal credit card required documents. Visit the FIRST Classic Credit Card application page and apply for your card today.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.