Save more on your UPI transactions with the IDFC FIRST EARN Credit Card, a secured credit card offered by IDFC First Bank. This card requires a minimum fixed deposit of ₹5,000, making it accessible to a wide range of customers, including first-time credit card users and those looking to build or improve their credit scores. The IDFC FIRST EA₹N Credit Card offers 1% cashback on all eligible spends made through the IDFC First Bank mobile application, and 0.5% cashback on utilities, wallets, insurance, and UPI spends made using other apps.
With a low joining fee of ₹499 plus GST, this card is designed to offer substantial cashback benefits, allowing cardholders to earn up to ₹6,000 in cashback annually. In addition to cashback, the card provides entertainment perks such as a 25% discount on movie tickets, which can save users up to ₹1,200 each year. Although primarily a digital or virtual card, you have the option to get a physical card for a fee of ₹199.
This card is ideal for first-time applicants, young adults, homemakers, and anyone looking to manage their finances more effectively while earning cashback. It is the second secured credit card offered by IDFC First Bank, alongside the lifetime free IDFC WoW card. Both cards cater to different needs and come with distinct features and benefits. Continue reading to learn more about the IDFC FIRST EA₹N Credit Card and how it stacks up against other options in the market.
Overview
| Feature | Details |
|---|---|
| Card Type | Rewards Credit Card |
| Reward Rate | Up to 10X reward points on select categories |
| Reward Value | 1 reward point ≈ ₹0.25 |
| Annual Fee | No annual or joining fees |
| Unique Selling Points | High reward points, no annual fee, fuel surcharge waiver |
| Rating (out of 5) | 4.5 |
IDFC FIRST EARN Credit Card Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Welcome Offer | 500 reward points on spending ₹5,000 within the first 30 days |
IDFC FIRST EARN Credit Card Charges
| Fee Type | Details |
|---|---|
| Joining Fee | None |
| Renewal Fee | None |
| Finance Charges | 0.75% per month (9% per annum) |
| Late Payment Fee | ₹100 to ₹1,000 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
IDFC FIRST EARN Credit Card Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹200 to ₹5,000.
- Interest-Free Credit: Up to 48 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Rewards
| Spend Category | Reward Rate |
|---|---|
| Online Shopping | Up to 10X reward points |
| Dining and Entertainment | 5X reward points |
| All Other Spends | 2X reward points per ₹100 spent |
| Reward Value | 1 point ≈ ₹0.25 |
| Rewards Expire in | Never |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1,00,000 | Additional 1,000 reward points |
Redemption
Reward points can be redeemed for:
- Statement Credit: Use points to offset your credit card bill.
- Gift Vouchers: Redeem points for shopping vouchers from leading brands.
- Travel Rewards: Book travel tickets using accumulated points.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Flipkart |
| Electronics | Croma |
| Travel | MakeMyTrip, Yatra |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Limited access available |
| International Lounges | Not available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
IDFC FIRST EARN Credit Card Eligibility
To apply for the IDFC FIRST EARN Credit Card, applicants must meet the following criteria:
- Age: 21 to 65 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
IDFC FIRST EARN Credit Card Review
The IDFC FIRST EARN Credit Card is an excellent option for those who seek a rewarding credit card with no annual or joining fees. With high reward rates, a fuel surcharge waiver, and no hidden charges, this card provides substantial value. Its easy redemption options for reward points and the absence of fees make it a practical choice for everyday use. Whether for online shopping, dining, or travel, this card ensures that users maximize their returns on daily expenses.
Overall Rating: 4.5
- Benefits: 4.7
- Fees: 5.0
- Customer Service: 4.3
Pros and Cons
| Pros | Cons |
|---|---|
| No annual or joining fees. | Limited airport lounge access. |
| High reward rates on selected categories. | High foreign transaction fee. |
| Fuel surcharge waiver. | Limited travel-related benefits. |
Similar Cards to IDFC FIRST EARN Credit Card
| Feature | IDFC FIRST EARN Credit Card | HDFC Millennia Credit Card | SBI SimplyCLICK Credit Card |
|---|---|---|---|
| Annual Fee | None | ₹1,000 + GST | ₹499 + GST |
| Lounge Access | Limited domestic access | 8 complimentary domestic lounge visits | Not available |
| Reward Rate | Up to 10X reward points | 5% cashback on Amazon, Flipkart, etc. | 10X rewards on online spends |
| Reward Value | 1 point ≈ ₹0.25 | Cashback credited as statement credit | 4 points per ₹100 spent |
| Special Benefits | High reward rates, no fees, fuel surcharge waiver | High rewards on popular online stores | High rewards on online partners |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about IDFC FIRST Bank credit cards and other financial products, you can visit the official IDFC FIRST Bank website.
FAQ
What is the annual fee for the IDFC FIRST EARN Credit Card?
The IDFC FIRST EARN Credit Card has no annual or joining fees.
How can I earn reward points with the IDFC FIRST EARN Credit Card?
You can earn up to 10X reward points on select categories like online shopping and dining, and 2X points on all other spends.
How can I redeem the reward points earned with the IDFC FIRST EARN Credit Card?
Reward points can be redeemed for statement credits, gift vouchers, or travel bookings.
Does the IDFC FIRST EARN Credit Card offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹200 to ₹5,000.
What are the milestone benefits of the IDFC FIRST EARN Credit Card?
The card offers additional reward points upon reaching an annual spend of ₹1,00,000.
Is the IDFC FIRST EARN Credit Card worth it for rewards seekers?
Absolutely. With no fees, high reward rates, and fuel surcharge waiver, this card provides excellent value for those looking to maximize rewards on their daily spends.
