Business Cards
IDFC FIRST Bank Business Credit Card
- Joining fee
₹499 + GST
- Annual fee
₹999 + GST
- Best suited for
Business Expenses
- Reward type
Reward Points
Rewards
- Rewards rate
Up to 10X RPs/₹100 on International Spends, Up to 4X RPs/₹100 on Business Utility & Digital Advertising, and 2X RPs/₹100 on Restaurant/Rentals/Utility Spends
- Reward redemption
1 Reward Point = ₹0.25
Benefits
- Movie & dining
Accelerated Reward Points on Dining
- Domestic lounge
2 Each Quarter (International or Domestic)
- International lounge
2 Each Quarter (International or Domestic)
- Insurance
Personal and Travel Insurance up to ₹10 Lakh
Fees & charges
- Rewards redemption fee
₹99 + GST
- Foreign currency markup
1.99%
- Interest rates
Starting at 1.5% Per Month
- Fuel surcharge waiver
Waiver up to ₹500 Each Statement Cycle
Product highlights
- Up to 10X RPs on business spends.
- Up to 2X RPs on restaurant spends.
- Free domestic and international airport lounge access.
- Fuel surcharge waiver up to ₹500.
- Discounts and offers on ad spends.
Pros & cons
Pros
- This card is helpful for small and medium-sized businesses.
- Reward Points are valid for a lifetime.
Cons
- While the card offers strong reward earning, the redemption options could have been better.
FAQs
What is the interest-free period with this credit card?
You would get 48 days of interest-free period with the IDFC First Business Credit Card.
Do I need any minimum points for redemption?
No, you do not need any minimum reward points for redemption.
What are the Reward Redemption charges with the IDFC First Business Credit Card?
Cardholders will be charged a reward redemption fee of ₹99 + GST each time they redeem their reward points.