IDFC FIRST Digital RuPay Credit Card
Card Overview
The IDFC FIRST Digital RuPay Credit Card allows existing IDFC FIRST Bank credit cardholders to make UPI payments using their credit cards. You can link it to apps like Google Pay, PhonePe, Paytm and BHIM and pay by scanning QR codes at merchant shops. The card offers up to 3X reward points on eligible UPI spends above ₹2,000. For transactions below ₹2,000, you earn 1 reward point for every ₹150 spent. You can also earn basic reward points on utility bills and insurance payments. Customers who already have IDFC FIRST Classic, Millennia, WOW!, Select, Wealth, Private, SWYP, Ashva or Mayura credit cards can apply for this card. It comes with a joining and annual fee of ₹199 + GST.
This card does not offer a separate credit limit. It shares the same credit limit and billing cycle as your existing IDFC FIRST Bank credit card. For example, if your existing card has a ₹1 lakh limit, you can use that same limit through both cards. The main benefit is that you can use your existing credit card limit to make UPI payments. Overall, this card is a useful option for existing IDFC FIRST Bank customers who want to pay through UPI and earn reward points on their daily spending without paying a high annual fee.
Card Details
- Welcome Cashback: Get up to ₹200 cashback on your first 4 UPI transactions made within 15 days of card issuance. Cashback is credited within 60 days.
- UPI Rewards: Earn 3 reward points per ₹150 on UPI spends above ₹2,000 and 1 reward point per ₹150 on spends up to ₹2,000.
- Utility & Insurance Rewards: Earn 1 reward point per ₹150 spent on utility bills and insurance payments.
- Extra Rewards for SWYP Users: Earn 100 bonus reward points every month on UPI transactions of ₹5,000 or more when linked to your FIRST SWYP Credit Card.
- Reward Redemption: Each reward point is worth ₹0.25 when redeemed.
- UPI Payments: Make payments at millions of merchant outlets by scanning UPI QR codes.
- Joining Fee: ₹199 + GST.
- Shared Credit Limit: The card uses the same credit limit, billing cycle and statement as your existing IDFC FIRST Bank credit card.
Features & Benefits
IDFC FIRST Digital RuPay Credit Card: Features, Rewards, Fees and Review
The IDFC FIRST Digital RuPay Credit Card is designed for existing IDFC FIRST Bank credit cardholders who want to use their credit card for everyday UPI payments. It allows customers to link their credit card with UPI apps like Google Pay, PhonePe, Paytm and BHIM and pay at merchant shops by scanning QR codes. Unlike a regular credit card, this is a completely digital card, so you do not receive a separate physical card. It also shares the credit limit of your existing IDFC FIRST Bank credit card, meaning you do not get additional credit.
One of the main attractions of this card is its reward programme on UPI transactions. Customers can earn up to 3X reward points on eligible UPI spends above ₹2,000 and 1X reward points on transactions of ₹2,000 or less. The card also offers reward points on selected payments such as utility bills, insurance, FASTag recharge and railway transactions. However, the actual number of reward points depends on the primary IDFC FIRST credit card linked to it. With a joining fee of ₹199 + GST and an annual fee of ₹199 + GST from the second year onwards, it can be a useful option for existing IDFC FIRST customers who frequently make UPI payments.
IDFC FIRST Digital RuPay Credit Card: Key Details
| Particulars | Details |
|---|---|
| Card Type | Digital RuPay Credit Card |
| Issuer | IDFC FIRST Bank |
| Joining Fee | ₹199 + GST |
| Annual Fee | ₹199 + GST from the second year |
| Credit Limit | Shared with existing IDFC FIRST credit card |
| UPI Support | Google Pay, PhonePe, Paytm, BHIM and other supported apps |
| Reward Rate | Up to 3X on eligible UPI spends |
| Welcome Offer | 100% cashback up to ₹200 on eligible first 4 UPI transactions |
| Physical Card | Not available |
| Bill Payment | Combined with the primary credit card statement |
Key Features and Benefits of IDFC FIRST Digital RuPay Credit Card
1. Make UPI Payments Using Your Credit Card
The biggest benefit of this card is that you can make UPI payments directly from your credit card. You do not need to add money to a wallet or maintain a bank account balance for these payments.
Simply link the card to a supported UPI app and scan the merchant's QR code to complete your payment. It is useful for everyday purchases such as groceries, food, medicines and other eligible merchant payments.
2. Earn Up to 3X Reward Points on UPI Spends
Unlike many traditional credit cards, this card offers reward points on eligible UPI transactions. You earn:
- 3X reward points on eligible UPI transactions above ₹2,000.
- 1X reward points on eligible UPI transactions of ₹2,000 or less.
- 1X reward points on selected utility, insurance, FASTag recharge and railway transactions.
The reward points are credited to the reward account of your primary IDFC FIRST credit card. The actual points earned per ₹150 or ₹200 depend on your primary card variant.
3. No Additional Credit Limit Required
This digital card works as an extension of your existing IDFC FIRST credit card. Both cards share the same credit limit and billing cycle.
For example, if your existing credit card has a limit of ₹1 lakh and you spend ₹10,000 using the Digital RuPay card, your remaining available credit limit will be ₹90,000.
This makes it easier to manage your credit card spending through a single account.
4. Easy Linking with Popular UPI Apps
You can link the digital card with popular UPI apps such as:
- Google Pay
- PhonePe
- Paytm
- BHIM
- CRED
- Mobikwik
- Freecharge
Your mobile number registered with IDFC FIRST Bank should match the number used on your UPI app.
5. Welcome Cashback Offer
The bank offers 100% cashback of up to ₹200 on the first four eligible UPI transactions. You can get up to ₹50 cashback per transaction.
To qualify, the first four transactions must be completed within 15 days of card generation, with a minimum transaction amount of ₹50 each. The cashback is credited within the bank's specified period. This offer is not available on digital cards issued without a joining fee.
IDFC FIRST Digital RuPay Credit Card Reward Structure
The reward rate depends on the primary IDFC FIRST credit card against which the digital card is issued.
| Transaction Type | Reward Benefit |
|---|---|
| Eligible UPI spends above ₹2,000 | 3X reward points |
| Eligible UPI spends up to ₹2,000 | 1X reward points |
| Utility payments | 1X reward points |
| Insurance payments | 1X reward points |
| FASTag recharge | 1X reward points |
| Railway spends | 1X reward points |
Important: For most eligible card variants, 1X means 1 reward point per ₹200 spent. For FIRST Private, Ashva, Mayura, Diamond Reserve and FIRST Business variants, it means 1 reward point per ₹150 spent. The reward structure may differ for other variants, such as FIRST SWYP and Gaj.
Generally, one reward point is worth ₹0.25 for eligible redemption. Therefore, it is important to check the reward value and redemption conditions of your primary credit card before applying.
Fuel, cash and EMI transactions are excluded from the reward programme. UPI transactions may also be excluded from certain milestone and accelerated reward calculations.
IDFC FIRST Digital RuPay Credit Card Fees and Charges
The card has a joining fee of ₹199 + GST and an annual fee of ₹199 + GST from the second year onwards.
However, the bank provides fee exemptions for certain linked card variants, including FIRST WOW! Black, Gaj and Business Multiplier. Check the applicable fee before activating the card.
Who Should Apply for This Card?
This card can be useful for existing IDFC FIRST Bank credit cardholders who:
- Frequently make payments through UPI.
- Want to use their credit card at merchant QR codes.
- Want to earn reward points on eligible UPI transactions.
- Prefer digital payments instead of carrying a physical card.
- Want to use their existing credit limit for UPI payments.
However, customers looking for a separate credit limit, airport lounge access or premium travel benefits may not find this card suitable.
RatingOK Expert Verdict
The IDFC FIRST Digital RuPay Credit Card is a useful addition for existing IDFC FIRST Bank customers who regularly use UPI for everyday payments. Its main advantage is the ability to make UPI payments using an existing credit limit while earning reward points on eligible transactions.
However, the card does not provide an additional credit limit, and its reward value depends on the primary credit card variant. The ₹199 + GST joining and annual fees should also be considered before applying.
Overall, this card is worth considering if you already hold an eligible IDFC FIRST credit card and want to earn additional rewards on your regular UPI payments.
Pros/Cons
Reality Check Feedback
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
- What is the IDFC FIRST Digital RuPay Credit Card?
It is a digital credit card for existing IDFC FIRST Bank credit cardholders that allows them to make payments through UPI.
- Who can apply for this credit card?
Existing eligible IDFC FIRST Bank credit cardholders can apply online through the bank's official website. The bank decides eligibility based on its internal criteria.
- What are the joining and annual fees of this card?
The card has a joining fee of ₹199 + GST and an annual fee of ₹199 + GST.
- Can I link this card to UPI apps like Google Pay and PhonePe?
Yes, you can link it to popular UPI apps such as Google Pay, PhonePe, Paytm, BHIM, CRED and Mobikwik using your registered mobile number.
- What rewards do I get on UPI transactions?
You earn 3 reward points per ₹150 on eligible UPI spends above ₹2,000 and 1 reward point per ₹150 on spends below ₹2,000.
- Can I use this card for online and offline payments?
Yes, you can make online payments through supported UPI apps and pay at merchant shops by scanning QR codes.
- Does this card have a separate credit limit?
No, it shares the same credit limit and billing cycle as your existing IDFC FIRST Bank credit card. You do not get an additional credit limit.
- How can I pay the bill for this card?
Its bill is added to your primary IDFC FIRST credit card statement. You can pay through the bank's mobile app, net banking, NEFT or cheque.
- What is the UPI transaction limit during the first 24 hours?
You can make UPI transactions of up to ₹5,000 during the first 24 hours after setting up your UPI PIN.
- Does this card offer any welcome benefits?
Eligible cardholders can get 100% cashback of up to ₹200 as a welcome benefit.
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