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IDFC FIRST Business Multiplier Metal Credit Card
A metal FD-backed business card for founders — zero forex markup is genuinely useful for import-heavy or SaaS-spending businesses, and the FD backing means it's accessible without formal income proof, but it does mean locking up capital in a Fixed Deposit.
Annual fee
₹1,000
Joining fee
₹1,000
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Premium
Who this card fits
Best suited to business owners managing company spend with a credit score of roughly 700+ whose spend is concentrated in utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Travel: Zero forex markup on international vendor payments makes this suitable for import-heavy or SaaS-spending businesses
- Domestic lounge access: 1 complimentary domestic airport lounge visit per quarter, unlocked by ₹20,000 spend in the previous month
- International lounge access: 1 complimentary international airport lounge visit per quarter, unlocked by ₹20,000 spend in the previous month
Benefits by category
- 🧾 Utilities
2% reward rate
- 🌍 Forex / international spend
Zero forex markup on international vendor payments · 0% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Employment: self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹5,00,000
- Foreign currency markup: 0%
- Interest rate: 9%–42% p.a.
Benefits
- Assured credit limit linked to a Fixed Deposit, plus a dedicated business spending limit
- Zero forex markup on international vendor payments
- Accelerated rewards on SaaS subscriptions, digital marketing, inventory, and equipment purchases
- Real-time spend visibility dashboard displaying both the business name and cardholder name on the metal card
Pros
- + Zero forex markup on international vendor payments
- + FD-backed limit, accessible without income documentation
- + Accelerated rewards on common business categories (SaaS, marketing, inventory)
Cons
- − Requires locking funds in a Fixed Deposit
- − Self-employed/business owners only
- − Base 1% rate is unremarkable outside bonus categories
- − International spends stop earning reward points from 26 Oct 2026 (the trade-off for zero forex markup)