4IFIDFC FIRST BankIDFC FIRST WealthNo annual fee · IN

Luxurious hotel suite with champagne and snacks — Photo: Antonio Araujo / Unsplash

Premium & Luxury · India

IDFC FIRST Wealth Credit Card

4.5 / 5 editorial score

Best for: high earners who want a lifetime free premium card with a 1.5% forex markup and spend-based lounge access.

#4 of 7 · Premium & Luxury · India #11 of 34 · All India cards

Annual feeNo annual fee

IssuerIDFC FIRST Bank

NetworkVisa Infinite

Welcome offerSee issuer for the current offer

Interest rateFrom 8.5% a year, depending on cre…

Foreign fee1.5% forex markup

Who qualifiesAnnual income of ₹36 lakh or more

Why it ranks

No joining or annual fee, with no spend condition
Low 1.5% forex markup alongside international lounge access
Reward Points do not expire

What holds it back

Needs ₹36 lakh annual income
Lounge and golf benefits need ₹20,000 monthly spend
Reward base was cut to ₹200 per point in January 2026

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Our verdict

Why the IDFC FIRST Wealth Credit Card ranks where it does

The FIRST Wealth offers premium-card features without a fee, provided you earn ₹36 lakh a year and spend at least ₹20,000 a month on it. It is lifetime free with no spend condition on the fee itself, charges zero forex markup, and its Reward Points do not expire. The earn rate is 3X on the first ₹20,000 of monthly spend and 10X above that, where 1X is one point per ₹200 after the January 2026 change.

Most perks are gated by the same ₹20,000 monthly threshold. From April 2026, one domestic and one international lounge visit a quarter unlock only after ₹20,000 of spend in the previous calendar month, and the quarterly golf round or lesson needs ₹20,000 in a statement cycle. Hotel and flight bookings in the IDFC FIRST Bank app add 33% and 13% bonus points, and trip cancellation cover goes up to ₹10,000.

The cut to one point per ₹200 makes the everyday rate less generous than it was, and our data gives no rupee value per point. The case for the card is therefore the combination of zero fee, zero markup and international lounge access, which few Indian cards offer together.

Good fit if

High earners above ₹36 lakh a year who want no annual fee
International travellers who value zero markup plus lounge visits abroad
People spending more than ₹20,000 a month who can unlock the 10X rate

Skip it if

Anyone below the ₹36 lakh income requirement
Light users who will not reach ₹20,000 a month for lounge and golf access

Worked example

Assume ₹40,000 of spend each month and ₹2 lakh of foreign currency spend in a year. Points: 3X on the first ₹20,000 is 3 × 20,000 ÷ 200 = 300, and 10X on the next ₹20,000 is 10 × 20,000 ÷ 200 = 1,000, so 1,300 points a month and 15,600 a year. Against a card with a 3.5% markup, zero markup saves 2,00,000 × 3.5% = ₹7,000. We count only that saving in rupees and give the points no value, because our data has no rupee value per point.

How it stacks up

The IDFC FIRST Millennia shares the zero forex markup and lifetime free status, but has no airport lounge access, only railway lounges. For people who want lounges and travel rewards in exchange for a fee, the Axis Horizon charges ₹3,000 and gives domestic and international lounge access without a spend condition. Wealth is the only one of these with international lounge visits and no fee.

The FIRST Wealth is IDFC FIRST Bank's lifetime free premium card for people earning ₹36 lakh a year or more. It pairs a 1.5% forex markup with 10X Reward Points on monthly spends above ₹20,000, and lounge and golf access that unlock with spending.