Travel on Points
Business Cards

IDFC Business Multiplier Credit Card

  • Joining fee

    ₹1,000 + GST

  • Annual fee

    ₹1,000 + GST

  • Best suited for

    Business Expenses

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    10 RPs/₹200 Up to ₹1 Lakh/Month (1.25%), 5 RPs/₹200 Beyond Spends of ₹1 Lakh/Month (0.625%), and 3 RPs on UPI Spends Above ₹2,000 (0.375%)

  • Reward redemption

    Redeem Reward Points for Travel, Vouchers, and More. 1 Reward Point = ₹0.25

Benefits

  • Travel

    24/7 Roadside Assistance

  • Domestic lounge

    Once Every Quarter

  • International lounge

    Once Every Quarter Via DreamFolks

  • Insurance

    Cancellation for Any Reason (CFAR) Cover Up to ₹25,000

Fees & charges

  • Spend-based waiver

    Annual Charges Waived on Spends of ₹5 Lakh

  • Rewards redemption fee

    ₹99 + GST

  • Foreign currency markup

    Zero

  • Interest rates

    Monthly Rate – 1% (Annual Rate – 12%)

  • Fuel surcharge waiver

    1% Waiver Up to ₹400 Each Statement Cycle

  • Cash advance charges

    ₹199 + GST

Product highlights

  • The IDFC Business Multiplier Credit Card is a premium metal, FD-backed business credit card designed for business users.
  • It is issued by IDFC FIRST Bank, known for offering feature-rich credit cards.
  • To apply, you need a minimum fixed deposit of ₹50,000, and the credit limit is issued up to 100% of the FD amount.
  • The card is best suited for proprietors, SMEs, and growing businesses looking to manage their expenses efficiently.
  • One of its key highlights is the ability to earn rewards on GST and tax payments, along with zero forex markup on international spends.
  • You can also issue up to 5 add-on cards, making it easier to manage team and business-related expenses.

Pros & cons

Pros

  • There are no forex markup charges on this card, making it a great option for international business spending.
  • Another area where this card stands out is travel benefits. While many business cards overlook this, the Business Multiplier Credit Card offers airport lounge access along with a Cancel for Any Reason (CFAR) cover, adding extra value for frequent travellers.

Cons

  • There are no milestone benefits offered with this card, which feels like a missed opportunity given its focus on higher reward earning. With an accelerated reward structure in place, milestone benefits could have added more value for high spenders.
  • Additionally, the overall reward rate could have been slightly better, especially considering that users also have to bear payment gateway charges on tax transactions.

FAQs

What is the reward rate on the IDFC Business Multiplier Credit Card?

The card offers up to 10 Reward Points per ₹200 spent (1.25%) on spends up to ₹1 lakh per month, especially on GST and tax payments.

Does the IDFC Business Multiplier Credit Card charge forex markup?

No, the card comes with zero forex markup, making it ideal for international business transactions.

What is the minimum FD required for this card?

You need to create a fixed deposit of at least ₹50,000, and the credit limit is issued up to 100% of the FD amount.

Does this card offer airport lounge access?

Yes, the card provides 1 domestic and 1 international lounge access per quarter.