IDFC FIRST Bank has come up with a UPI-enabled FIRST EARN RuPay Credit Card this week, marking the collaboration between the bank and RuPay to provide a convenient and rewarding option for customers.

This credit card is an excellent option for individuals who are new to using credit cards, as it is secured by a fixed deposit (FD) and is easily accessible to anyone. 

Users can enjoy cashback rewards on UPI payments, making it an attractive and cost-effective financial solution.

The process of creating a Fixed Deposit is seamlessly incorporated into the credit card application for all customers.

Top features:

• Customers have the opportunity to receive a yearly interest rate of 7.25% on a fixed deposit with a duration of 1 year and 1 day.
• The FIRST EA?N Credit Card is obtained by securing a Fixed Deposit. In order to establish your credit limit, you are required to open a FD.
• The FIRST EA?N RuPay Credit Card on FD has a joining fee (1st year) of Rs. 499 + GST and an annual fee (2nd year onwards) of Rs. 499 + GST.
• The FIRST EA?N Credit Card is equipped for UPI transactions at over 60 million UPI QR codes.
• You can instantly receive a virtual credit card with UPI integration for immediate usage.
• As a special launch offer, new cardholders will receive 100% cashback on their first UPI transaction amount, up to Rs 500, within 15 days of card activation - effectively covering the first-year fees with cashback.
• Earn 1% cashback on UPI transactions using the IDFC FIRST Bank app and 5% cashback on transactions made through other UPI apps, as well as on insurance, utility bills, and e-commerce purchases.