IDFC FD-Backed RuPay Credit Card : IDFC FIRST Bank has announced a new and innovative offering in collaboration with RuPay – FD-backed UPI-enabled Secured Credit Card, named FIRST EARN. This card is available against fixed deposit, which is accessible to everyone and also offers cashback on UPI payments.
Highlights of this card
1. UPI Integration:
This credit card gives you the facility to do transactions on more than 60 million UPI QR codes.
2. Instant Issuance:
It is a virtual credit card, which is issued immediately and makes your experience even more convenient with seamless UPI integration.
4. Cashback on First Transaction:
If you do your first UPI transaction within 15 days of card making, you will get 100% cashback on it (maximum up to ₹500).
5. Double Benefit of Rewards:
• 1% cashback on UPI payments through IDFC FIRST Bank app.
• 0.5% cashback on other UPI apps, insurance, utility bills, and e-commerce.
6. FD Interest:
If you have an FD, you will get 7.25% interest on 1 year 1 day FD, which is an attractive offer.
Key Features and Benefits
• Credit on UPI: With the fixed deposit-backed virtual credit card, you get the facility of credit on UPI transactions, which is a great start for first-time credit card users.
• Integrated FD Creation: You get the option to create an FD while applying for the card, which makes the process seamless and fast.
Shirish Bhandari, Head – Credit Cards, FASTag and Loyalty, IDFC FIRST Bank, said:
“This fixed deposit-backed credit card is a gateway product for first-time credit card users, a new and rewarding way to start their financial journey.”
Rajeeth Pillai, Chief of Relationship Management, NPCI, said:
“We are delighted to launch the FIRST EARN RuPay Credit Card in collaboration with IDFC FIRST Bank. This UPI-enabled virtual credit card makes every transaction convenient and rewarding.”
Conclusion
This FIRST EARN credit card from IDFC FIRST Bank is another big step towards financial inclusion. It is not just a card, but opens the door to the world of financial services for new users, where they will get both rewards and convenience. If you want to get a new credit card, then this can be a perfect choice!
