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IDFC FIRST Micro Enterprise Credit Card
A UPI-enabled RuPay business card designed specifically for Udyam-registered micro enterprises that need quick, short-term working-capital credit rather than a full-fledged corporate card. Annual fee is capped at ₹1,000 or 1% of the credit limit, whichever is lower.
Annual fee
₹1,000
Joining fee
₹0
Reward type
cashback
Base reward rate
1%
Card network
RuPay
Card tier
Mid
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,00,000
- Foreign currency markup: 3.5%
- Interest rate: 1.5% p.a.
Benefits
- Short-term/adhoc working capital financing for Udyam-registered micro enterprises.
- UPI-ready RuPay card for day-to-day business spends.
Pros
- + No joining fee
- + UPI-ready for everyday business payments
- + Built for micro/small businesses without heavy documentation
Cons
- − Requires Udyam registration
- − Annual fee applies unlike some entry-level business cards