IDFC First Bank Private Debit Card (Metal) Experience

IDFC First Bank Private Debit Card (Metal) Experience

IDFC First Bank launched First Private debit card on Visa Infinite, the country’s first-ever standalone metal debit card on 30th November 2021. It’s a lifetime free debit card designed specifically for customers who are part of the Bank’s First Private Program.

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Eligibility Criteria

  • Expected NRV: 50 lakhs via Investments

IDFC First Bank requires you to join its First Private Program by maintaining minimum NRV (primarily from investments) in the range of 50 Lacs in order to be eligible for this card, which is quite high by any standard. This may vary with location & time.

Earlier this Program was offered, if you had very high savings balance/ FD with the bank (to the tune of minimum 1.5-2 Crores) to select few.

“I have learnt via IDFC Bank top authorities that First Private Program is no longer being offered via savings account AMB”. High investment is a must for onboarding. Otherwise country head approval is required.

Investment choices are versatile with few unique options like Pre-listed & Pre-IPO equity, Bonds, PMS, AIF, Offshore investments, Real estate investments etc.

The program entitles you to various lifestyle benefits viz. 1 free locker (subject to availability) and many more.

Features & Benefits

There are some industry first features embedded in this debit card. Will try to list out as many as possible here–

  • Exquisitely crafted from hybrid Metal with details etched in Silver
  • Unbelievably high per day ATM withdrawal and Purchase limit of 10 & 15 lacs respectively
  • 4 domestic airport lounge access along with a companion (thereby making it 4+4) each quarter, charged INR 2 everytime.
  • 6 international airport lounge access per quarter (charged 32$ and reversed within 10 days). You don’t need either PP or Dreamfolks card for access. New!
  • Complimentary Welive membership which works like mini Timesprime (benefits are bigbasket 250/- GV, 3 months Amazon prime, 6 months PharmEasy and few more memberships plus discount coupons for few services). Even Wealth Credit Card, and Wealth/Select debit cards offer this benefit
  • Complimentary ID Sentry membership (Protects your cards from ID theft). Wealth and Select debit cards also offer this benefit
  • Handsome insurance cover for cardholder — Air Accident Insurance cover- 5 Cr, Personal Accident cover- 1.5 Cr, Lost Card Liability cover- 15 Lacs, Purchase Protection cover- 2 Lacs (Minimum 1 POS transaction >= 500 in each of the previous 3 months immediately preceding the month of incident)
  • Complimentary Road Side Assistance
  • Complimentary Golf access of 1 per month at partner Golf clubs over India
  • Upto 10X accelerated reward points program on debit card, delayed too much already (Yet to start, couldn’t find any details except in Program/ Card promo)
  • Visa Infinite privileges

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