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IDFC FIRST Bank

IDFC FIRST Bank Business Multiplier Credit Card

Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate

Open to new applications · Earns points

First-year fee

₹1,000 + GST

Annual fee

₹1,000 + GST

What it gives back

10 Reward Points for every ₹200 spent on transactions up to ₹1 lakh per month; 5 Reward Points for every ₹200 spent on transactions exceeding ₹1 lakh per month

Read from 8 IDFC FIRST Bank documents, last checked 13 Oct 2026.

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How it compares

Compared with the cards we have read

₹1,000 annual fee: of the 273 other open cards whose annual fee we have read, 173 state a lower one, 13 state the same and 87 state a higher one.

No forex markup: one of 29 cards that state none, out of the 292 open cards whose forex markup we have read.

Fees

  • Annual feeJoining fee

    ₹1,000 + GST

  • Fee waiver rule

    Annual fee of ₹1000 + GST will be waived for your Business Multiplier Credit Card if your total eligible spends in a card anniversary year reaches ₹5 lakhs and above.

Rewards

  • Reward rate

    10 Reward Points for every ₹200 spent on transactions up to ₹1 lakh per month; 5 Reward Points for every ₹200 spent on transactions exceeding ₹1 lakh per month

  • Travel earning

    30% Bonus Reward Points on hotel bookings; 17.5% Bonus Reward Points on flight bookings made via the Bank app.

  • Reward exclusions

    Reward Points not applicable on Fuel, Insurance, EMI transactions, Cash withdrawals, Rental and Property Management transactions, Utility Spends & Foreign Currency/International transactions.

  • What one reward unit is worth

    Each Reward Point is worth ₹0.25.

  • Catalogue redemption

    1 Reward Point = ₹0.25.

  • Point expiry

    No expiry date on the Reward Points; your Reward Points are evergreen.

Card benefits

  • Domestic lounge access

    1 domestic lounge access per quarter on spend of ₹20,000 in the previous month.

  • International lounge access

    1 international lounge access per quarter on spend of ₹20,000 in the previous month.

  • Hotel or travel programme

    Cancellation for Any Reason (CFAR) insurance coverage of up to ₹25,000 covering cancellation charges on flight and hotel bookings

Also included

  • Fuel surcharge waiver

    Fuel surcharge waiver up to ₹400 per statement cycle

  • Travel insurance

    Travel insurance coverage of up to ₹25,000 on hotel and flight cancellations, up to two times per year

  • Purchase to EMI conversion

    High-value business purchases can be converted into EMIs.

Charges

  • Forex markup

    0% on foreign currency transactions.

  • Cash withdrawal limit

    Cash withdrawal of up to 100% of your credit limit for any business need

  • Interest on unpaid balance

    Flat 12% per annum interest rate (1% monthly)

  • Interest-free period

    Up to 45 days of interest-free period

Eligibility

  • Income requirement

    Businesses with registered GST; minimum Fixed Deposit (FD) of ₹50,000; you do not need a credit history or income proof

In the terms, not the brochure (1)

  • Spend that unlocks lounge visits in the next period

    Spending ₹20,000 or more in the previous calendar month unlocks the quarterly lounge visits.

How we know - 8 documents from IDFC FIRST Bank, checked 13 Oct 2026

8 documents from IDFC FIRST Bank, checked 13 Oct 2026.

On these lists

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₹1,000 a year

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