IDFC First Bank credit card changes from February 2025: All you need to know

IDFC FIRST Bank has revised the terms and features of its credit card. Changes include revision of the Annual Percentage Rate (APR), fuel fee & surcharge waiver, statement & payment due date, education fee payments, railway lounge access, add-on card fee, card replacement fee, and more.

These changes will take effect from February 20, 2025.

Statement date for FIRST Millennia, FIRST Wealth, and FIRST SWYP Credit Cards will be 20th of each month, with the payment due date remaining 15 days later.

Payments for education fees done using third-party platforms like CRED, PayTM, Cheq, MobiKwik, and others will be subject to a 1% fee (minimum Rs 249).

Payments made directly at the school or college's Point of Sale (POS) machines or via their official website will not be subject to this fee. In accordance with the reward system of your card variation, you will continue to accrue reward points for these payments.

The APR range will be revised and the new range will be 8.5% p.a. to 46.2% p.a., while overdue interest rate remains at 47.88% p.a. (Not applicable for FIRST SWYP Credit Card).

It is now necessary to spend at least Rs 20,000 each month to qualify for free railway lounge access.

With the exception of Ashva, Mayura, and FIRST Private Credit Cards, add-on cards issued on or after February 20, 2025, will have a joining and annual cost of Rs 499 + taxes.
Card replacement fee is increased to Rs 199 + taxes, except for Metal & Digital Credit Cards.

Image personalisation fee- Starting on February 20, 2025, new personalized cards will incur an annual cost of Rs 499 + taxes.

Changes do not apply to the FIRST Private Credit Card.

GST at 18% will be applicable on fees, interest, and charges.

Merchant Category Codes (MCCs) will determine applicable charges and rewards.