Hanush Kumar
KF Expert
Do you think FD-based credit cards are worth it or attractive?
If not, why?
I'm planning to get IDFC WOW credit card. Any thoughts?
If not, why?
I'm planning to get IDFC WOW credit card. Any thoughts?
Do you think FD-based credit cards are worth it or attractive?
- Thread starter Hanush Kumar
- Start date
Yes you should definitely take it, IDFC WOW is considered to be the most popular card in FD based Cards,
and its rewards are also very attractive,
Go for it .
krishna1718
KF Mentor
no go with idfc earn rupay fd card its more worthy creditcard and best fd card at present
zacobite
KF Mentor
gd card to start.. fd cards help build credit score if used well for ppl who dont get normal cards
Financial Planner Himeesh
KF Rookie
Generally FD based CC is taken if our CIBIL is bad, and no bank is coming forward to issue a credit card to me. Else, both are same.
Financial Planner Himeesh
KF Rookie
Generally FD based CC is taken if our CIBIL is bad, and no bank is coming forward to issue a credit card to me. Else, both are same.
Also, before going ahead with any credit card, please check the annual charges and other charges/benefits
Akusahil
KF Expert
IDFC Wow credit card, it has neither advantages nor disadvantages. It is Best and Worst credit card.
If you want just LTF FD based Credit Card for improving your credit score or to just showcase a fd/secured credit card in your portfolio then go for it. Else don't go for it.
As it's very basic and beginner friendly credit card with very basic reward structure Except Roadside Complementary Service.
Also there's 99rs+18%(117rs) for reward redemption charges.
Final decision is upon you,
(Please add if I missed something)
Sayak Hazra
KF Rookie
Instead of getting IDFC Wow credit card, you should go for the Kotak Dream Different Credit card. As the reward points structure is the same for both the cards, in Kotak you'll get a Milestone reward on spending ₹75000 a year which the IDFC Wow card lacks. So being a user of both cards I never really use the IDFC Wow card.
Hanush Kumar
KF Expert
Thank you all. One of the features of IDFC WOW that stood out for me is the zero forex markup. I'm planning to purchase some software for my professional use. I believe this card will deliver value for my use-case. Also, I don't have any relationship with IDFC bank.
Another attractive feature with IDFC is 9% pa interest rate on credit card EMIs. I know it is not for all. But if I build a relationship with them, I might become eligible for this 9% pa interest rate too.
However, are there any better cards?
Another attractive feature with IDFC is 9% pa interest rate on credit card EMIs. I know it is not for all. But if I build a relationship with them, I might become eligible for this 9% pa interest rate too.
However, are there any better cards?
zacobite
KF Mentor
cc emi are not at 9%.. the roll over APR is.. whoever gets it
Hanush Kumar
KF Expert
What's the difference between them? I'm new to this concept so couldn't understand.
zacobite
KF Mentor
if u don't pay back in full tgen remaining amount is charged interest at APR.. This is usually 30-50. % for CCs.. IDFC give this at 9% upwards basis profile.. All other balance transfer / emi etc will havw their own rates
