Travel on Points

IDFC FIRST Quantum+ Credit Card

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  • Joining fee

    Lifetime Free

  • Annual fee

    Lifetime Free

  • Best suited for

    Shopping

  • Reward type

    Cashback

Rewards

  • Rewards rate

    2% Cashback on Online Spends Up to ₹10,000 Per Statement Cycle, 1% Cashback on Online Spends Up to ₹10,000 Per Statement Cycle, UPI Scan & Pay Via the IDFC FIRST Bank Mobile App and In-Store Purchases, 0.5% Cashback on Select Categories

Benefits

  • Travel

    1% Bonus Cashback on Travel Bookings Made Through IDFC FIRST Bank Mobile App

Fees & charges

  • Foreign currency markup

    3.5%

  • Interest rates

    3.85% Monthly (46.2% Yearly)

  • Cash advance charges

    ₹199

Product highlights

  • Lifetime-free credit card with no joining or annual fee
  • Secured credit card backed by a fixed deposit
  • Minimum fixed deposit requirement of ₹10,000
  • Up to 2% cashback on eligible online spends
  • 1% cashback on eligible UPI Scan & Pay transactions
  • 1% cashback on eligible in-store purchases
  • 1% bonus cashback on travel bookings through the IDFC FIRST Bank Mobile App
  • Up to 6.5% interest on the linked fixed deposit

Pros & cons

Pros

  • The Quantum+ Credit Card can be issued against a fixed deposit of just ₹10,000, making it easy for first-time credit card users to get approved.
  • The linked fixed deposit continues to earn up to 6.5% interest while serving as collateral for the card.

Cons

  • The card does not offer airport lounge access, dining privileges, golf benefits, or extensive travel perks, which are available on many other credit cards.
  • The card does not offer joining bonuses or spend-based milestone rewards.

FAQs

What is the minimum FD required for the Quantum+ Credit Card?

A minimum fixed deposit of ₹10,000 is required to apply for the Quantum+ Credit Card.

Does the Quantum+ Credit Card have an annual fee?

No, the Quantum+ Credit Card is lifetime-free and does not have a joining or annual fee.

Can I get the Quantum+ Credit Card without a credit score?

Since the card is issued against a fixed deposit, people with no previous credit history can also apply, subject to the bank’s eligibility requirements.

Does the FD linked to the Quantum+ Credit Card earn interest?

Yes, the linked fixed deposit continues to earn interest of up to 6.5%, subject to the bank’s applicable rates and terms.