IDFC First Bank recently launched a co-branded credit card in partnership with IndiGo Airlines — the IndiGo IDFC First Bank Dual Credit Card.
Why is it called a Dual Credit Card? Because you’ll receive two cards under a single credit card account — one on the RuPay network and another on Mastercard, similar to how ICICI Bank’s Gemstone Credit Cards offer Visa and Mastercard or Mastercard and Amex variants on a single account.
Let’s dive into the details of this card and evaluate whether it truly offers value or not.
Card Benefits, Features, and Key Terms & Conditions on CreditPedia: https://creditpedia.in/wiki/IDFC_First_Bank_Indigo_Dual_Credit_Card
Note: No BluChips will be awarded on cash transactions or transactions converted into EMIs.
BluChips function like a currency and can be used to pay for flights. However, the value of BluChips is dynamic and may vary depending on factors such as the flight route, booking date, and availability—at the sole discretion of IndiGo.
** Details Copied From CreditPedia.In, For terms visit CreditPedia.
Let’s break it down - if we assume the average value of an IndiGo BluChip is ₹0.50, you're effectively getting a 3% return on IndiGo flight bookings. For a co-branded card specifically tied to IndiGo, that's surprisingly low. It should’ve been more rewarding, especially when it's targeting frequent flyers. For all other regular spends, the return rate drops further to just 1.5%.
What’s even more disappointing is that this card doesn’t offer any airport lounge access benefits — seriously, an airline co-branded credit card priced at ₹4,999 without such a basic perk? On top of that, the value back on essential spend categories like insurance, rent, utilities, wallets, and even RuPay UPI transactions is just 0.25%. That’s simply unacceptable for a so-called premium card with an annual fee of ₹4,999.
When you compare it with other options in the same price range - like the Axis Atlas, or even HDFC Regalia Gold (available at half fees) - those cards offer significantly better value, flexibility, and rewards. Even with the milestone benefits, this credit card doesn't offer a strong value return.
So, the big question is: why would someone choose this card when clearly better alternatives are available for the same or even lower annual fees? Unless you’re a die-hard IndiGo fan or there’s a very specific offer attached, this card is tough to recommend.
Why is it called a Dual Credit Card? Because you’ll receive two cards under a single credit card account — one on the RuPay network and another on Mastercard, similar to how ICICI Bank’s Gemstone Credit Cards offer Visa and Mastercard or Mastercard and Amex variants on a single account.
Let’s dive into the details of this card and evaluate whether it truly offers value or not.
Card Benefits, Features, and Key Terms & Conditions on CreditPedia: https://creditpedia.in/wiki/IDFC_First_Bank_Indigo_Dual_Credit_Card
Charges
- Joining Fee: ₹4,999 + GST (Waived if applied against a Fixed Deposit of ₹1,00,000 or more)
- Annual Fee: ₹4,999 + GST
Welcome Benefits
These benefits are provided after payment of the joining fee and successful card activation:- IndiGo BluChips voucher worth 5,000 points
- Complimentary IndiGo meal voucher
- 3-month EazyDiner Prime membership
- Stay voucher worth ₹3,000 from The Postcard Hotels
Renewal Benefits
These benefits are provided after payment of the renewal fee:- IndiGo BluChips voucher worth 5,000 points
- Complimentary IndiGo meal voucher
Main Benefits
Dual Card Structure
- You’ll receive two cards: one on the RuPay network and another on Mastercard
- Both cards need to be set up and activated separately
- Shared credit limit across both cards
Golf Privileges
- 4 complimentary golf rounds per year
- 12 complimentary golf lessons per year
Fuel Surcharge Waiver
- 1% fuel surcharge waiver on transactions between ₹200 and ₹5,000
Discounted Foreign Exchange Markup
- Markup fee of just 1.49% on all international transactions
Insurance Benefits
- Trip Cancellation Cover: Reimbursement for non-refundable hotel and flight bookings in case of trip cancellations (up to ₹25,000/year; max 2 claims).
- Personal Air Accident Insurance: Coverage of ₹1,00,00,000
- Personal Accident Insurance: Coverage of ₹10,00,000
- Lost Card Liability: Coverage up to ₹50,000
- Travel Insurance: Coverage worth USD $1,200
Reward Program
A. Earning Reward Points
| Transaction Type | Reward Rate |
| Flight Booking on Indigo Website/App | 6 IndiGo BluChips per ₹100 spent |
| Other Transactions (Online/Offline) | 3 IndiGo BluChips per ₹100 spent |
| RuPay UPI on Credit Card | 0.5 IndiGo BluChips per ₹100 spent |
| Insurance, Rent, Utility, Rent, Wallet | 0.5 IndiGo BluChips per ₹100 spent |
Note: No BluChips will be awarded on cash transactions or transactions converted into EMIs.
B. Redeeming Reward Points
IndiGo BluChips can be redeemed for booking IndiGo flight tickets through the IndiGo website or mobile app.BluChips function like a currency and can be used to pay for flights. However, the value of BluChips is dynamic and may vary depending on factors such as the flight route, booking date, and availability—at the sole discretion of IndiGo.
Estimated Value of BluChips:
Typically, you can expect a redemption value of ₹0.40 to ₹0.50 per BluChip. Booking your flight earlier often gives you better value for your BluChips.Milestone Benefits
Get up to 25,000 additional IndiGo BluChips vouchers every year by spending ₹12,00,000.| Spends Requirements | Benefits |
| ₹2,00,000 | 5000 IndiGo BluChips |
| ₹5,00,000 | 5000 IndiGo BluChips |
| ₹8,00,000 | 5000 IndiGo BluChips |
| ₹10,00,000 | 5000 IndiGo BluChips |
| ₹12,00,000 | 5000 IndiGo BluChips |
Important Terms:
- Milestone Program renews every card anniversary year.
- IndiGo BluChips voucher will have a validity of 6 months.
Eligibility Criteria
- Must be an Indian resident
- Minimum age: 18 years
- Income: No official disclosure from the bank
** Details Copied From CreditPedia.In, For terms visit CreditPedia.
TechnoFino Opinion:
To be completely honest, the IDFC FIRST IndiGo Credit Card feels quite underwhelming. With an annual fee of ₹4,999, we expected far more in terms of value and benefits. Unfortunately, the card doesn't quite deliver.Let’s break it down - if we assume the average value of an IndiGo BluChip is ₹0.50, you're effectively getting a 3% return on IndiGo flight bookings. For a co-branded card specifically tied to IndiGo, that's surprisingly low. It should’ve been more rewarding, especially when it's targeting frequent flyers. For all other regular spends, the return rate drops further to just 1.5%.
What’s even more disappointing is that this card doesn’t offer any airport lounge access benefits — seriously, an airline co-branded credit card priced at ₹4,999 without such a basic perk? On top of that, the value back on essential spend categories like insurance, rent, utilities, wallets, and even RuPay UPI transactions is just 0.25%. That’s simply unacceptable for a so-called premium card with an annual fee of ₹4,999.
When you compare it with other options in the same price range - like the Axis Atlas, or even HDFC Regalia Gold (available at half fees) - those cards offer significantly better value, flexibility, and rewards. Even with the milestone benefits, this credit card doesn't offer a strong value return.
So, the big question is: why would someone choose this card when clearly better alternatives are available for the same or even lower annual fees? Unless you’re a die-hard IndiGo fan or there’s a very specific offer attached, this card is tough to recommend.
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