MyFinCards
Hello Cashback Credit Card

Joining Fee

Free

Annual Fee

Rs. 1000 (Reversed on annual spends of Rs. 2 Lakhs)

IDFC FIRST Bank
Cashback
Best For: First-time credit card users, Students and homemakers without income proof, Online shoppers, UPI-heavy spenders, Those looking to build credit history

Hello Cashback Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹1,500 /statement_cycle

Pros

  • No joining fee (introductory offer)
  • Up to 5% cashback on online spends
  • 1% cashback on UPI payments via IDFC FIRST Bank App
  • No credit score or income proof required
  • FD-backed – credit limit = 100% of FD value starting ₹10,000
  • UPI-ready RuPay card usable across major UPI apps
  • Cashback does not expire
  • Earn interest on FD + cashback on card spends
  • Up to 6% cashback on travel bookings via Bank App
  • Annual fee waiver based on spends

Cons

  • Cashback on online spends capped at ₹1,000 per statement cycle
  • Total cashback capped at ₹1,500 per statement cycle
  • No cashback on fuel, ATM withdrawals, EMI, or UPI via other apps
  • Requires creation and maintenance of a minimum FD of ₹10,000
  • Annual fee of ₹1,000+GST from 2nd year if spend threshold not met
  • UPI transactions limited to ₹5,000 in first 24 hours after PIN generation

Hidden Catches (Transparency Policy)

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

Cashback credited only if Minimum Amount Due is paid by Payment Due Date

Cashback forfeited for a cycle if MAD not paid by PDD

Essential category and fuel spends do not count towards ₹10,000 online milestone

UPI cashback only on IDFC FIRST Bank App, not on GPay, PhonePe, Paytm etc.

Lien marked on 100% of FD amount

Only merchant UPI payments allowed; peer-to-peer transfers not permitted

Key Benefits & Features

Complimentary roadside assistance worth ₹1,399, up to 4 times a year

Eligibility Criteria

Age Requirement

18+ Years

Occupation

SALARIEDSELF_EMPLOYEDRETIREDSTUDENT

Required Documents

IDENTITY Proof

PAN Card
Aadhaar Card

Notable Exclusions

No cashback on fuel transactionsNo cashback on ATM cash withdrawalsNo cashback on EMI transactionsNo cashback on UPI spends done through other UPI apps (GPay, PhonePe, Paytm, etc.)Essential category and fuel online spends do not count towards ₹10,000 online spends milestoneRestricted UPI merchant categories: digital account openings, lending platforms, cash withdrawals, e-RUPI, IPOs, Foreign Inward Remittances, Mutual Funds, and others specified by NPCI

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

Official Terms & Conditions

About Hello Cashback Credit Card

The IDFC FIRST Bank Hello Cashback Credit Card is an FD-backed assured credit card designed to make everyday spending rewarding for everyone. Backed by a fixed deposit starting at just ₹10,000, the card requires no income proof or credit history, making it an ideal choice for first-time cardholders, students, homemakers, and anyone looking to build a strong credit foundation. With a credit limit equal to 100% of the FD value, cardholders continue earning interest on their deposit while enjoying cashback on every purchase. The card delivers powerful cashback across multiple spend categories: 5% on incremental online spends above ₹10,000, 3% on online spends up to ₹10,000, and 1% on UPI payments made via the IDFC FIRST Bank app, in-store swipes, and essential categories like rent, utilities, and education. Travel enthusiasts earn an additional 1% cashback on hotel and flight bookings through the Bank app, bringing total travel cashback to up to 6%. Monthly cashback is capped at ₹1,500 per statement cycle, unlocking up to ₹18,000 annually. Beyond cashback, the card offers a 1% fuel surcharge waiver, complimentary roadside assistance up to four times a year, personal accident cover of ₹2,00,000, and lost card liability cover of ₹25,000. As a RuPay card, it is UPI-ready and auto-linked to the IDFC FIRST Bank app for seamless scan-and-pay experiences across merchants nationwide.

Expert Review

Our Verdict

FD-backed RuPay card with up to 5% cashback on online spends & 1% on UPI via IDFC FIRST Bank app.

Frequently Asked QuestionsAbout Hello Cashback Credit Card

ELIGIBILITYWhat are the eligibility criteria to apply for the Hello Cashback Credit Card?
The eligibility criteria for the Hello Cashback Credit Card are: Age between 18 to 80 years, Indian resident citizen with a current and permanent residential address in India, and creation and maintenance of a minimum fixed deposit of ₹10,000. No credit history or income proof is required. The Bank reserves the right to issue a Credit Card based on an assessment of credentials, and the final decision is at the Bank's sole discretion.
ELIGIBILITYDo I need a credit history or income proof to apply for the Hello Cashback Credit Card?
No, you do not need any credit history or income proof to apply for the Hello Cashback Credit Card. This makes it accessible to homemakers, students, freelancers, and working professionals alike. In fact, using this card regularly and paying outstanding dues on time can help you build and improve your credit score, creating a strong financial foundation for the future.
APPLICATIONHow can I apply for the Hello Cashback Credit Card?
You can apply for the Hello Cashback Credit Card online in four simple steps: (1) Fill in your basic details and apply, (2) Book a Fixed Deposit of a minimum of ₹10,000, (3) Complete the Video KYC process, and (4) Your Hello Cashback Credit Card is ready! A virtual card is issued instantly, and the physical card is delivered to your registered address.
FEESWhat are the fees and charges for the Hello Cashback Credit Card?
The Hello Cashback Credit Card currently has a Joining Fee of ₹0 (introductory offer valid till 31st March 2026; original fee is ₹1,000+GST). The Annual Fee from the 2nd year onwards is ₹1,000+GST. However, if you spend ₹2,00,000 or more in a year, 100% of the annual fee is reversed. If you spend between ₹1,00,000 and ₹2,00,000, 50% of the annual fee is reversed.
FEESIs there an annual fee waiver on the Hello Cashback Credit Card?
Yes, the Hello Cashback Credit Card comes with a spend-based annual fee waiver. Spend ₹2,00,000 or more in a year to get 100% of the annual fee reversed. Spend between ₹1,00,000 and ₹2,00,000 to get 50% of the annual fee reversed. Annual spends milestone includes all purchases (excluding ATM cash withdrawals, monthly EMIs, Balance transfer, fees and charges) net of reversals/refunds.
REWARDSWhat are the cashback benefits of the Hello Cashback Credit Card?
The Hello Cashback Credit Card offers: 3% cashback on online spends up to ₹10,000 per statement cycle, 5% cashback on incremental online spends above ₹10,000, 1% cashback on UPI spends via IDFC FIRST Bank App, 1% cashback on in-store card swipes, 1% cashback on essential categories (utility, rent, education, FASTag, etc.), and a bonus 1% cashback on hotel & flight bookings via the Bank App. Cashback on online spends is capped at ₹1,000 and total cashback is capped at ₹1,500 per statement cycle.
REWARDSWhich transactions are excluded from cashback benefits?
The following transactions are excluded from cashback benefits on the Hello Cashback Credit Card: fuel purchases, ATM cash withdrawals, EMI transactions, and UPI transactions done through other UPI apps such as Google Pay, PhonePe, and Paytm. Additionally, online spends on essential categories and fuel will not count towards the ₹10,000 online spends milestone for the higher 5% cashback tier.
REWARDSWhen will I receive my cashback and does it expire?
Cashback earned is credited to your IDFC FIRST Bank Credit Card account one day after the Payment Due Date (PDD), provided the Minimum Amount Due (MAD) has been paid on or before the PDD. The cashback is then adjusted against the outstanding balance of your next statement. Your cashback does not expire. However, cashback will be forfeited for a statement cycle if the Minimum Amount Due is not paid by the Payment Due Date.
BENEFITSWhat is the minimum FD amount required, and what will be my credit limit?
To apply for the Hello Cashback Credit Card, you need to create a minimum Fixed Deposit of ₹10,000. Your credit limit will be a minimum of 100% of your FD value. You can instantly increase your credit limit by linking additional FDs starting from ₹5,000. A lien will be marked on 100% of the FD amount. The FD must be single-held and on auto-renewal reinvest mode.
BENEFITSWhat additional privileges does the Hello Cashback Credit Card offer?
The Hello Cashback Credit Card comes with several privileges: 1% fuel surcharge waiver up to ₹100 per statement cycle on transactions between ₹200 and ₹5,000, complimentary 24/7 roadside assistance worth ₹1,399 (up to 4 times a year), personal accident cover of ₹2,00,000, lost card liability cover of ₹25,000, credit shield of ₹50,000, and purchase protection of ₹25,000. Personal accident cover and lost card liability require at least one transaction in the last 30 days.
USAGEHow can I use my Hello Cashback Credit Card for UPI payments?
The Hello Cashback Credit Card is UPI-ready and is auto-linked to the IDFC FIRST Bank App. Simply scan any merchant QR code and pay to earn 1% cashback on UPI payments via the IDFC FIRST Bank App. To link to other UPI apps like Google Pay, PhonePe, or Paytm, open the UPI app, select 'Add RuPay Credit Card', choose IDFC FIRST Bank, select your card, enter the last 6 digits, card expiry, and OTP to complete registration.
USAGEIs there any limit on UPI transactions using the Hello Cashback Credit Card?
Yes, after UPI PIN generation of your Hello Cashback Credit Card, you can transact only up to ₹5,000 for the first 24 hours. After this initial period, regular UPI transaction limits apply. Note that UPI payments can only be made to merchants as authorized by NPCI; you cannot send funds to individuals or other credit cards. Restricted categories include digital account openings, lending platforms, cash withdrawals, e-RUPI, IPOs, and Mutual Funds.
USAGECan I withdraw cash using the Hello Cashback Credit Card?
Yes, you can withdraw cash using the Hello Cashback Credit Card. Cash withdrawals are interest-free for up to 45 days at a nominal fee of ₹199+GST. However, please note that ATM cash withdrawals do not earn any cashback and are excluded from the annual spends milestone for fee reversal. Cash withdrawals are also not counted towards the ₹10,000 online spends milestone for the higher cashback tier.
BENEFITSWhat are the benefits of a credit card backed by a Fixed Deposit?
An FD-backed credit card offers multiple advantages: no income proof is required, making it accessible to students, homemakers, and freelancers; it helps build a good credit history and credit score; cardholders continue to earn interest on their FD while enjoying up to 45 days of free credit; and with the Hello Cashback Credit Card, your FD benefits are doubled — you earn interest on the FD plus cashback on card spends.
INTERNATIONALDoes the Hello Cashback Credit Card work for international transactions?
The Hello Cashback Credit Card is a RuPay network card. RuPay cards have limited international acceptance compared to Visa or Mastercard networks. The card does not have a specified forex markup charge listed, and international usage may be restricted. It is primarily designed for domestic transactions including online purchases, in-store payments, and UPI payments within India. For international travel spending needs, you may want to consider a card with broader international network acceptance.

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