Head-to-head · 🇮🇳 India
IndusInd Iconia Amex vs IDFC FIRST Wow
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
Premium
IndusInd Bank
IndusInd Iconia Amex
AMERICAN
EXPRESS
EXPRESS
Wins 4 of 10
IN
IDFC FIRST Bank
IDFC FIRST Wow
VISA
Wins 4 of 10
Verdict
It's a true tie — neither dominates. Pick the one whose boost categories match where you actually spend.
Side-by-side
| Criterion | IndusInd Iconia Amex | IDFC FIRST Wow |
|---|---|---|
| Annual fee | = No annual fee | = No annual fee |
| Joining fee | · ₹3,500 | None |
| Top reward rate | 5% (shopping) | · 1% (general) |
| Base reward rate | 1.5% | · 1% |
| Forex markup | · 3.5% | No FX fee |
| Welcome bonus | = 4,000 reward points + Yatra voucher | = Lifetime free + 600 points on first transaction |
| Fee waiver threshold | N/A (no fee) | · N/A (no fee) |
| Min income | · ₹600,000 | — |
| Min credit score | · 770 | 600 |
| Editorial rating | 4.2/5 | · 4/5 |
Benefits compared
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
IDFC FIRST Wow
- 1 reward point per ₹100 (no rate change cliff)
- Lifetime free, no annual fee
- 4 complimentary domestic lounge visits/quarter
- 1% fuel surcharge waiver
- Backed by FD: easy approval
FAQ
›IndusInd Iconia Amex vs IDFC FIRST Wow: which is better?
It's a true tie — pick the one whose boost categories match your spend. IndusInd Iconia Amex wins on 4 criteria, IDFC FIRST Wow on 4.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use IndusInd Iconia Amex for its best categories, IDFC FIRST Wow for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
IndusInd Iconia Amex: 4,000 reward points + Yatra voucher. IDFC FIRST Wow: Lifetime free + 600 points on first transaction.