IDFC First has introduced the Ea₹n Virtual Rupay Credit Card with the following features:
- FD-Based Digital-Only Card
- No credit history required
- Minimum fixed deposit of ₹10,000
- Credit limit equal to 100% of the FD
Limited Period Offer:
- 100% Cashback up to ₹200
Cashback Details:
- 1% Cashback via IDFC Mobile app
- 0.5% Cashback on UPI payments through other apps and online spends
- 0.5% Cashback on utility, insurance, and wallet spends
- 5% Cashback up to ₹1,000 on the first EMI within 30 days of card setup
- Cashback capped at ₹500 per statement cycle
Additional Benefits:
- 25% off up to ₹100 on movie tickets via Paytm
- Up to 7.5% interest on FD
- Complimentary roadside assistance
Fees:
- Joining/Annual Fee: ₹499 + GST
Verdict:
- A good card, particularly useful for those with no or poor credit history.