Travel on Points

IDFC FIRST Hello Cashback Credit Card

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  • Joining fee

    Nil (LIMITED TIME OFFER)

  • Annual fee

    ₹1,000 + GST

  • Best suited for

    Shopping

  • Reward type

    Cashback

Rewards

  • Rewards rate

    Up to 5% Cashback on Online Spends and 1% Cashback on Other Eligible Spends, Including UPI

  • Reward redemption

    Cashback Earned Will be Credited to Card Account

Fees & charges

  • Spend-based waiver

    Annual Fee Waiver on Spends of ₹2 Lakh

  • Foreign currency markup

    3.5%

  • Interest rates

    Up to 46.2% Annually

  • Fuel surcharge waiver

    1% Waiver Up to ₹100 in a Statement Cycle

  • Cash advance charges

    ₹199 + GST

Product highlights

  • This is a secured credit card issued against a fixed deposit, so it’s easier to get than a regular unsecured credit card.
  • You need to open a fixed deposit of at least ₹10,000 to get this card, and the credit limit depends on the FD amount.
  • The card is useful for people who want to build or improve their credit score by using the card regularly and paying bills on time.
  • Any cashback you earn is automatically adjusted against your card bill, so there is no need to redeem it separately.

Pros & cons

Pros

  • The joining charge of ₹1,000 + GST has been waived for a limited time.
  • This card provides useful insurance coverage, including complimentary Roadside Assistance valued at ₹1,399 and Purchase Protection up to ₹25,000.

Cons

  • The minimum fixed deposit required for this card may feel high for students and young users, who are the primary target audience for this card.
  • In addition, the card does not offer any movie, dining, or travel benefits, which makes it less appealing, especially considering that it carries an annual fee of ₹1,000 plus GST.

FAQs

How is the cashback redeemed?

The cashback you earn is automatically credited to your credit card account. It is adjusted against your outstanding balance, so no manual redemption or reward request is required.

What are the joining and annual charges of this card?

The card has a joining fee of ₹1,000 plus GST and an annual fee of ₹1,000 plus GST. However, the joining fees are waived for a limited time, making the card more attractive to first-time credit card applicants.