IDFC FIRST WOW! vs Scapia (Federal Bank) (2026)
Two zero-forex cards that cost nothing — Scapia pays 10% back in coins on travel, WOW! pays 0.5% but takes anyone with ₹20,000 for an FD and no credit file.
Head to head
| IDFC FIRST WOW! | Metric | Scapia (Federal Bank) |
|---|---|---|
| #51 | Our rank | #31 — wins this row |
| ₹0 + GST | Annual fee | ₹0 + GST |
| None | Fee waiver | None |
| Nil — 0% markup on foreign currency, DCC and static-currency-conversion transactions | Forex markup | Nil — 0% markup (official KFS) |
| Dynamic 0.71%–3.85%/mo (8.5%–46.2%/yr); overdue rate 3.99%/mo (47.88%/yr) on MAD non-payment | APR | 3.75%/mo (45%/yr), from date of transaction; same rate on cash advances (no interest-free period on cash) |
| 0.5% | Effective reward rate | 2.0% — wins this row |
| IDFC FIRST Reward Points | Currency | Scapia Coins |
| ₹0.50/pt † | House value | ₹0.20/pt |
| 5% cashback up to ₹1,000 on your first EMI transaction within 30 days of card generation — that's the whole welcome; there is no points bonus | Welcome benefit | None — lifetime free with no joining bonus; the 0% forex is the pitch |
| 0 of 746 | Lounge doors opened | 72 of 746 — wins this row |
| None — FD-backed, no income proof required | Income — salaried | not published |
| None — FD-backed, no income proof required | Income — self-employed | not published |
† IDFC FIRST WOW!: WOW! redeems the IDFC point at a flat ₹0.25 — half the house value, and no ₹0.50 app-travel rate (that one belongs to WOW! Black). earn.base is scaled to the ₹0.25 reality, so the house-value stat stays honest. Points also die at 24 months and cost ₹99 + GST to redeem.
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
Net annual value face-off
Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. Tune it to your own spend in the calculator.
Scapia (Federal Bank) out-earns IDFC FIRST WOW! at every spend level we model, from ₹25k to ₹5L a month.
Transfer reach
Full route maps on each card page, best ₹/point routes on the optimizer →
The call
For the ₹1L/month spender, Scapia (Federal Bank) nets ₹26,400 against ₹8,400 — a ₹18,000 gap. At ₹5L/month, Scapia (Federal Bank) nets ₹1,32,000 against ₹42,000 — a ₹90,000 gap. Lounge chasers: Scapia (Federal Bank) opens 72 of 746 tracked doors to IDFC FIRST WOW!'s 0.
Our standing verdicts: IDFC FIRST WOW! — Keep; Scapia (Federal Bank) — Keep. On our board, Scapia (Federal Bank) sits at #31 to IDFC FIRST WOW!'s #51 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →