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IDFC FIRST Bank Micro Enterprise Credit Card
IDFC FIRST Bank

IDFC FIRST Bank Micro Enterprise Credit Card

Checked against IDFC FIRST Bank's 3 documents for this card on 03 Nov 2026
COFFER Safety Stars4.5 of 5See the five checks
Interest
1 of 1
Foreign spends
1 of 1
Spend fees
3 spend fees · Utility transaction fee, Rent transaction fee, Education / school fee charge0.5 of 1
Clarity
The bank's documents answer 13 of 14 cost questions1 of 1
Fine print
No gaps found1 of 1

Rated 09 Nov 2026 after reading every document the bank publishes for this card. Not a recommendation. How we rate

Open to new applications · Earns Reward Points

First-year fee

₹0 to join.

Annual fee

1% of the credit limit or ₹1,000 + GST, whichever is lower

What it gives back

3 Reward Points per ₹200 · everyday spends

Read from 3 IDFC FIRST Bank documents, last checked 7 Nov 2026.

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Our calculation

0.38% value back

Every ₹1,00,000 spent at this rate earns about 1,500 points, worth about ₹375 at the value IDFC FIRST Bank states for a point.

IDFC FIRST Bank's rate: “3 Reward Points per ₹200” Proof
The bank’s words

“Earn 3 Reward Points per ₹200 on UPI transactions above ₹2,000 made via the IDFC FIRST Bank mobileapp and regular business spends.”

IDFC FIRST Bank's point value: “1 Reward Point = ₹0.25” Proof
The bank’s words

“1 Reward Point = ₹0.25”

How it compares

Compared with the cards we have read

₹1,000 annual fee: of the 447 other open cards whose annual fee we have read, 283 state a lower one, 24 state the same and 140 state a higher one.

No forex markup: one of 41 cards that state none, out of the 481 open cards whose forex markup we have read.

0.38% value back by our calculation: of the 90 other open cards we can work this out for, 29 return less and 61 return more.

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Fees

  • Joining fee

    ₹0 to join.

  • Annual fee

    1% of the credit limit or ₹1,000 + GST, whichever is lower

  • Add-on card fee

    Not offered: Add on card fees NA.

Welcome offer

  • Welcome benefit

    Activation Offer: Complete at least one transaction of ₹500 or more within the first 30 days of card activation and earn 2,000 Reward Points worth ₹500

Rewards

  • Reward rate

    3 Reward Points per ₹200 · everyday spends3 Reward Points per ₹200.

  • What one reward unit is worth

    1 Reward Point = ₹0.25.

Also included

  • Fuel surcharge waiver

    Fuel fees levied above 20,000 per statement cycle, fuel surcharge waiver upto R200 per statement cycle

  • Purchase to EMI conversion

    EMI on Large Purchases: Convert transactions above ₹1500 into easy EMIs.

Charges

  • Forex markup

    0%

  • Cash advance fee

    Not offered: Cash advance not applicable for Digital Credit Card and Micro Enterprise Card

  • Interest on unpaid balance

    1.5% per month, 18% p.a.

  • Interest-free period

    Up to 45 days

  • Late payment fee

    Late Payment Fee 15% of Total Amount Due (Subject to a Minimum of 100 & Maximum of 1300)

  • Payment return or dishonour fee

    Return of Cheque / Auto Debit / Payment Return: 2% (Subject to a minimum charge of R500)

  • Card replacement fee

    Card Replacement Fee: 199 (Primary Card); Not Applicable (Add-on Card)

  • Education / school fee charge

    A fee of 1% of the transaction amount will be applicable on education payments made through third-party apps.

  • Rent transaction fee

    Rent and Property Management: 1% of transaction value, subject to minimum of R249 per transaction

  • Utility transaction fee

    No utility surcharge on utility spends up to ₹20,000 per month when paid via the IDFC FIRST Bank app

Eligibility

  • Eligibility

    Udyam-registered micro enterprises that require short-term or ADHOC working capital financing, subject to IDFC FIRST Bank's credit assessment norms

Points expiring? Use Expiry Rescue

How we know - 3 documents from IDFC FIRST Bank, checked 7 Nov 2026

3 documents from IDFC FIRST Bank, checked 7 Nov 2026.

  • MITC Document Commercial 03 02 23 Ver1 Final vBC_MITC_FEB25Proof
  • Card pageProof
  • MITCProof
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1% a year

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