IDFC FIRST Business Credit Card

IDFC FIRST's standard business card for proprietors and SMEs, with no zero-fee or FD requirement. You choose between a low-interest variant (from 1.5% p.m.) for working capital and a high-reward variant that pays up to 1% on software, electronics, office supplies and ad spend. Zero forex markup and quarterly lounge access are included, but everyday spends outside the listed business categories earn nothing.

Annual fee

₹999

Joining fee

₹499

Reward type

points

Base reward rate

Card network

Visa

Card tier

Mid

Who this card fits

Best suited to self-employed applicants who clear the standard eligibility bar whose spend is concentrated in travel, utilities. It's worth the annual fee mainly if your points value clears it.

Rewards & benefits

Rewards rate: 0% base rate
Reward redemption: 1 RP = ₹0.25 on flights and hotels booked through Travel & Shop in the IDFC FIRST app (points can pay up to 70% of a booking), on gift vouchers and products, or as pay-with-points on online transactions
Travel: Zero forex markup. Bookings through Travel & Shop in the IDFC FIRST app earn bonus points: 30 RP per ₹100 on hotels and 20 RP per ₹100 on flights (max 8,000 bonus RP per calendar month). From 26 Oct 2026, international transactions stop earning reward points
Domestic lounge access: 2 complimentary airport lounge visits per quarter (domestic or international) after spending ₹20,000 in the previous month
International lounge access: Shares the same 2-visits-per-quarter allowance as domestic lounges (domestic or international), after ₹20,000 spend in the previous month
Insurance benefits: Personal accident cover of ₹10 lakh (needs at least one transaction in the previous month); air accident cover of ₹1 crore; ₹50,000 each for lost card liability, credit shield and purchase protection; checked-baggage loss USD 500, baggage delay USD 100, passport loss USD 300, flight delay USD 300; roadside assistance worth ₹1,499

Benefits by category

🍽️ Dining & food delivery
0.5% reward rate · You choose a variant. High Reward: 4 RP per ₹100 on business utilities (software, electronics, office supplies) and digital advertising, 2 RP per ₹100 on rent, restaurants and utility bills, at 3% p.m. interest. Low Interest: half those points, at 1.5% p.m. in year 1 (1.25% with an FD) and 2% p.m. after. Spends outside these categories earn nothing
✈️ Travel
5.5% reward rate (capped ₹2,000/monthly) · 2 complimentary domestic or international airport lounge visits per quarter after ₹20,000 spend in the previous month
🛡️ Insurance
₹10 lakh personal accident cover, ₹1 crore air accident cover and travel/baggage insurance
🧾 Utilities
0.5% reward rate
🌍 Forex / international spend
Zero forex markup on international business spends · 0% forex markup on international transactions

Eligibility

Employment: self-employed

Fees & charges

Rewards redemption fee: No redemption fee; reward points never expire
Foreign currency markup: 0%
Interest rate: 1.5%–3% p.a.
Fuel surcharge waiver: 1% fuel surcharge waiver, up to ₹500 per statement cycle
Cash advance charges: ₹199 + GST per withdrawal; cash limit is 10% of the credit limit

Benefits

You choose a variant. High Reward: 4 RP per ₹100 on business utilities (software, electronics, office supplies) and digital advertising, 2 RP per ₹100 on rent, restaurants and utility bills, at 3% p.m. interest. Low Interest: half those points, at 1.5% p.m. in year 1 (1.25% with an FD) and 2% p.m. after. Spends outside these categories earn nothing
Zero forex markup on international business spends
5,000 bonus RP on ₹10 lakh of spend in a year and 10,000 bonus RP on ₹20 lakh of cumulative annual spend
2 complimentary domestic or international airport lounge visits per quarter after ₹20,000 spend in the previous month
₹10 lakh personal accident cover, ₹1 crore air accident cover and travel/baggage insurance
Unlimited employee add-on cards within the overall business limit, a consolidated statement and 45 days of interest-free credit

Pros

+ Choose a low-APR variant (1.5% p.m. in year 1) or a higher-reward variant
+ Zero forex markup on international vendor payments and SaaS subscriptions
+ Up to 8% value on hotels and 5.5% on flights booked through the IDFC FIRST app
+ Lounge access, ₹1 crore air accident cover and unlimited employee cards

Cons

− No points at all on spends outside the listed business, utility, rent and dining categories
− The ₹499 joining fee is a limited-period offer (₹999 otherwise), and the ₹999 renewal fee has no published waiver
− Lounge visits need ₹20,000 spend in the previous month, and international spends stop earning points from 26 Oct 2026

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Best for

travel credit cards