"IDFC FIRST Bank Launches 'FIRST EAN RuPay Credit Card".

Banking & Finance

On January 20, 2025, IDFC FIRST Bank launched the 'FIRST EAN RuPay Credit Card' in collaboration with the National Payments Corporation of India (NPCI).


      - The card is backed by a Fixed Deposit (FD), with eligibility requiring the customer to be an Indian citizen, over 18 years of age, and have an FD of at least Rs. 5,000 with the bank.

      - The card is integrated with UPI, allowing users to make payments at over 60 million QR code locations and comes with instant online issuance for immediate use.

     

Main Point :-   (i) New cardholders receive 100% cashback on their first UPI transaction (up to Rs. 500) within 15 days, refunding the first year's fees.

      (ii) Users can earn 1% cashback on UPI transactions via the IDFC FIRST Bank app and 0.5% on other UPI app transactions, insurance, utility payments, and e-commerce purchases. The card offers 7.25% annual interest on a 1-year FD with the bank.

(iii) The card provides complimentary roadside assistance (Rs. 1,399 value), lost card liability coverage (up to Rs. 25,000), and personal accident coverage (up to Rs. 2,00,000).
About IDFC FIRST Bank Limited

MD & CEO : V. Vaidyanathan
Headquarter : Mumbai
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