FIRST Business Credit Card (SME)

Rewards, as stated by the issuer

• Limited period offer: 100% cashback up to ₹200 i.e. ₹50 each on the first 4 UPI transactions
• Earn up to 3X reward points on your spends
• Unlock bonus Reward Points upto 25% on bookings through IDFC FIRST Bank Mobile app​
• 25% bonus Reward Points on Hotel bookings​
• 15% bonus Reward Points on Travel bookings
• Variant 2 – With higher rewards on business expenses –up to 10X Reward Points
• If you choose High Reward Points Variant, you get an Interest Rate of 3% p.m.
• How many Reward Points do I get with the FIRST Business Credit Card?
• If you choose the Low Interest Variant , you enjoy the following Reward Points
• 5X Reward Points on business spends in foreign currency transactions
• 2X Reward Points on business utility & digital advertising
• 1X Reward Points on rentals, restaurants & utility
• If you choose the High Reward Points Variant , you enjoy the following Reward Points
• 10X Reward Points on business spends in foreign currency transactions
• 4X Reward Points on business utility & digital advertising
• 2X Reward Points on rentals, restaurants & utility
• Are there any charges or limitations for redemption of Reward Points?
• No. There are no charges for redemption of Reward points. Reward Points are never expiring and can be redeemed at any time.

Other benefits

• Year 1 (Introductory Offer ): 1.5% p.m.
• Access interest-free credit for 45 days
• Personal and travel insurance cover of up to ₹10 Lakh
• To know more about Insurance coverages click here
• No. Having Current account with IDFC FIRST Bank is not a requirement. However, with our Current Account we offer you best in class holistic Banking solutions including cash & expense management.
• - Year 1 (Introductory Offer): 1.5% p.m.
• - A 45-day Interest free credit period. This is instant working capital for your business.
• Does the FIRST Business Credit Card offer any complimentary insurance?
• Absolutely! You get the following insurance benefits with the FIRST Business Credit Card
• - Free Road Side Assistance worth ₹1,499
• - Personal Accident Cover of ₹10,00,000 on doing at least one transaction in the previous month
• - Insurance Cover of ₹50,000 each on Lost card liability, Credit Shield and Purchase Protection
• - Travel Insurance for
• e. Air Accident Cover of ₹1,00,00,000

Welcome & milestones

Lounge access

Domestic: Yes. You get access to 2 international and/or domestic Airport Lounges per quarter on minimum spends of ₹20,000 on the previous month.

International: Yes. You get access to 2 international and/or domestic Airport Lounges per quarter on minimum spends of ₹20,000 on the previous month.

Every fee line found on the page

• Joining Fee: ₹499 ₹999 + GST
• Annual Fees (2 nd year onwards): ₹999 + GST
• Interest Rate: 3% p.m.
• Joining and Annual fee (2nd year onwards) of just ₹199 + GST
• Low forex mark-up at just 1.99%
• Yes. The card comes with a Joining Fee (1st year) of ₹499 + GST and an Annual Fee (2nd year onwards) of ₹999 + GST
• Variant 1: With Low Interest Rate (APR) – starting at 1.5% p.m.
• If you choose High Reward Points Variant, you get an Interest Rate of 3% p.m.
• For both variants, on paying any amount less than Minimum amount due interest will be charged at Monthly Rate 3.99% Annual Rate 47.88%
• You get a low forex markup of 1.99%. This rate is very low compared to the market rates, which is generally around 3-3.5%. You can also benefit from your business spends in foreign currency with up to 10X Reward Points. (depending on the variant chosen)