Joining Fee

Free

Annual Fee

Rs. 499 (Reversed on annual spends of Rs. 1 Lakhs)

Forex Markup

3.5% + GST

INTERNATIONAL

IDFC FIRST Bank

Cashback

Best For: First-time credit card users, Those with no credit history, UPI-heavy spenders, Students and young adults

FIRST EA₹N

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹500 /statement_cycle

Pros

No credit history or income proof required
Assured approval with FD backing
1% cashback on UPI via IDFC FIRST app
Works on UPI at 60M+ merchants
Zero joining fee (limited period offer)
Annual fee waived on ₹1 lakh annual spends
Earn FD interest alongside cashback

Cons

Cashback capped at ₹500 per statement cycle
1% surcharge on rent and property management payments
3.5% forex markup on international transactions
No add-on card facility
Virtual card only, no physical card
1% surcharge on utility spends above ₹20,000 in a statement cycle

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Cashback capped at ₹500 per statement cycle

Cash withdrawal and EMI transactions excluded from cashback

Welcome offer only for cards issued on or after 16 Dec 2025

₹0 joining fee is a limited period offer

1% surcharge on utility spends above ₹20,000 in a statement cycle

Key Benefits & Features

Virtual RuPay card; FD-backed with credit limit equal to 100% of Fixed Deposit value (min FD ₹5,000)

Usable at 60M+ UPI merchant QR codes; compatible with IDFC FIRST Bank app, PhonePe, Google Pay, Paytm

Instant credit limit increase by linking existing FD or booking new FD from ₹5,000

Eligibility Criteria

Age Requirement

18+ Years

Occupation

SALARIEDSELF_EMPLOYEDRETIREDSTUDENT

Required Documents

IDENTITY Proof

Aadhaar Card

PAN Card

Notable Exclusions

No cashback on cash withdrawal transactionsNo cashback on EMI transactions1% surcharge on rent and property management payments, minimum ₹249 (+GST) per transaction1% surcharge (+GST) on utility spends above ₹20,000 in a statement cycle

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

These details are based on information updated on 6 March 2026. Fees and benefits change often - confirm on the issuer's own page before applying.

About FIRST EA₹N

The IDFC FIRST Bank FIRST EA₹N is a virtual RuPay credit card backed by a Fixed Deposit, making it accessible to virtually anyone regardless of credit history. Applicants simply need an FD with IDFC FIRST Bank starting at ₹5,000 to receive a credit limit equal to 100% of their deposit value. This makes it an ideal first credit card for students, young adults, and those with no prior credit history looking to build their financial profile. The card is built for the UPI generation, automatically linking to the IDFC FIRST Bank mobile app and compatible with PhonePe, Google Pay, and Paytm. Cardholders earn 1% cashback on UPI spends via the IDFC FIRST Bank app, 0.5% cashback on UPI spends via other apps and all online transactions, and 0.5% cashback on utility, insurance, and wallet loads, capped at ₹500 per statement cycle. Bonus cashback of up to 8% on hotel bookings and 4% on flight bookings through the app adds further travel value. Additional perks include 25% off movie tickets once a month, a lost card liability cover of ₹25,000, and a personal accident cover of ₹2,00,000. The joining fee is currently waived as a limited-period offer, with an annual fee of ₹499 that is waived on spends of ₹1 lakh or more, making the card both rewarding and cost-effective.

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