IDFC First Bank is offering interest free cash facility to its credit card customers for 48 days.
New Delhi. Most of the customers in the country have to pay a hefty charge for withdrawing cash from credit cards. At the same time, IDFC First Bank of the private sector offers interest free cash for 48 days to its credit card customers.
Generally, interest is payable on withdrawing cash from credit cards and banks charge Rs 250 to 450 on every transaction. In addition, monthly interest is charged. At the same time, IDFC credit card customers are charged only Rs 250 Domestic Cash Advance Fee on cash transactions.
IDFC First Bank offers 4 types of credit cards
FIRST Millennia Credit Card, FIRST Classic Credit Card, FIRST Select Credit Card and FIRST Wealth Credit Card. All these credit cards target different segments of customers. Some of the facilities available in all these four credit cards are similar.
All 4 cards have these special features
- 6X reward points on all online spends (reward rate – 1.5%)
- 3X reward points on all offline spends (reward rate – 0.75 percent)
- 10X reward on all spends on Birthday Points (Reward Rate – 2.5%)
- 10X Reward Points (Reward Rate – 2.5%) on all expenses above Rs 20,000 in a month
- No Reward Points on Fuel, EMI, Insurance Transactions and Cash Withdrawals
The reward points never expire
The biggest feature of all IDFC credit cards is that there is no capping on the reward points. Meaning you can get unlimited reward points in one billing cycle. This reward point never expires. These reward points are credited to the credit card account. The special thing is that the value of one reward point is equal to 25 paise.
