The IDFC FIRST Bank Hello Cashback Credit Card is a fixed-deposit-backed cashback card that’s designed to help you earn high cashback on everyday spends with minimal fuss and broad eligibility — even if you don’t have a strong credit history yet. It’s especially useful if you like straight cashback rewards without complicated reward point redemptions.
Key Cashback & Rewards (Simple to Understand)
Up to 5% Cashback on Online Spends
- 3% cashback on online spends up to ₹10,000 per statement cycle
- 5% cashback on the incremental online spends above ₹10,000 in the same cycle
- Max ₹1,000 cashback (online) per statement cycle
1% Cashback on UPI & Other Everyday Spends
- 1% cashback on UPI spends done via the IDFC FIRST Bank app
- 1% cashback on in-store card swipes and many essential categories (e.g., utilities, education, rent, wallet loads, government services* — subject to overall cashback cap)
Extra 1% on Travel Bookings
- Book flights and hotels via the IDFC FIRST Bank mobile app and get an additional 1% cashback on top of your regular online cashback — effectively up to 6% on travel transactions (subject to caps).
Total Cashback Cap: ₹1,500 per statement cycle across all categories.
Why It’s Easy to Get
No income proof or credit history needed — the card is backed by a Fixed Deposit (FD) you hold with the bank.
Credit limit = 100% of your FD value (min FD ₹10,000) — great for first-time credit builders.
You continue earning interest on your FD even when it’s linked to your card.
Extra Features & Protections
Joining / Annual Fee:
• ₹0 joining fee (limited-time offer)
• ₹1,000 + GST annual fee (second year onward)
• Annual fee waivers:
– Spend ₹2,00,000+ in a year → 100% reversal
– Spend ₹1,00,000–₹2,00,000 → 50% reversal
Fuel Surcharge Waiver: 1% waiver up to ₹100 per statement cycle.
Complimentary Roadside Assistance: ~₹1,399 worth (up to 4 times/yr).
Insurance Covers:
• Personal accident cover of ₹2,00,000
• Lost card liability cover of ₹25,000 (unauthorised transactions)