IDFC FIRST Bank launches FIRST EA₹N RuPay credit card with UPI, FD, cashback features
This credit card is an excellent option for individuals who are new to using credit cards, as it is secured by a fixed deposit (FD) and is easily accessible to anyone.
- Jan 22, 2025,
- Updated Jan 22, 2025 2:51 PM IST
IDFC FIRST Bank has come up with a UPI-enabled FIRST EA₹N RuPay Credit Card this week, marking the collaboration between the bank and RuPay to provide a convenient and rewarding option for customers. This credit card is an excellent option for individuals who are new to using credit cards, as it is secured by a fixed deposit (FD) and is easily accessible to anyone.
In addition, users can enjoy cashback rewards on UPI payments, making it an attractive and cost-effective financial solution. The process of creating a Fixed Deposit is seamlessly incorporated into the credit card application for all customers.
Top features:
1. Customers have the opportunity to receive a yearly interest rate of 7.25% on a fixed deposit with a duration of 1 year and 1 day.
2. The FIRST EA₹N Credit Card is obtained by securing a Fixed Deposit. In order to establish your credit limit, you are required to open a FD. After the successful creation of your FD, a lien will be placed on the entire value of the FD. Subsequently, your FD will be connected to your FIRST EA₹N Credit Card and your credit limit will be determined.
3. The FIRST EA₹N RuPay Credit Card on FD has a joining fee (1st year) of Rs. 499 + GST and an annual fee (2nd year onwards) of Rs. 499 + GST.
4. The FIRST EA₹N Credit Card is equipped for UPI transactions at over 60 million UPI QR codes.
5. You can instantly receive a virtual credit card with UPI integration for immediate usage.
6. As a special launch offer, new cardholders will receive 100% cashback on their first UPI transaction amount, up to Rs 500, within 15 days of card activation - effectively covering the first-year fees with cashback.
7. Earn 1% cashback on UPI transactions using the IDFC FIRST Bank app and 5% cashback on transactions made through other UPI apps, as well as on insurance, utility bills, and e-commerce purchases.
8. The first EA₹N RuPay Credit Card holder will receive a complimentary roadside assistance package valued at Rs 1,399, lost card liability cover of Rs 25,000, and personal accident insurance of Rs 2,00,000.
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IDFC FIRST Bank has come up with a UPI-enabled FIRST EA₹N RuPay Credit Card this week, marking the collaboration between the bank and RuPay to provide a convenient and rewarding option for customers. This credit card is an excellent option for individuals who are new to using credit cards, as it is secured by a fixed deposit (FD) and is easily accessible to anyone.
In addition, users can enjoy cashback rewards on UPI payments, making it an attractive and cost-effective financial solution. The process of creating a Fixed Deposit is seamlessly incorporated into the credit card application for all customers.
Top features:
1. Customers have the opportunity to receive a yearly interest rate of 7.25% on a fixed deposit with a duration of 1 year and 1 day.
2. The FIRST EA₹N Credit Card is obtained by securing a Fixed Deposit. In order to establish your credit limit, you are required to open a FD. After the successful creation of your FD, a lien will be placed on the entire value of the FD. Subsequently, your FD will be connected to your FIRST EA₹N Credit Card and your credit limit will be determined.
3. The FIRST EA₹N RuPay Credit Card on FD has a joining fee (1st year) of Rs. 499 + GST and an annual fee (2nd year onwards) of Rs. 499 + GST.
4. The FIRST EA₹N Credit Card is equipped for UPI transactions at over 60 million UPI QR codes.
5. You can instantly receive a virtual credit card with UPI integration for immediate usage.
6. As a special launch offer, new cardholders will receive 100% cashback on their first UPI transaction amount, up to Rs 500, within 15 days of card activation - effectively covering the first-year fees with cashback.
7. Earn 1% cashback on UPI transactions using the IDFC FIRST Bank app and 5% cashback on transactions made through other UPI apps, as well as on insurance, utility bills, and e-commerce purchases.
8. The first EA₹N RuPay Credit Card holder will receive a complimentary roadside assistance package valued at Rs 1,399, lost card liability cover of Rs 25,000, and personal accident insurance of Rs 2,00,000.
Track live Budget updates, breaking news, expert opinions and in-depth analysis only on BusinessToday.in