IDFC FIRST Bank Unveils FD-Backed Business Card

IDFC FIRST Bank introduced a metal Business Multiplier Credit Card backed by Fixed Deposits for founders, entrepreneurs, and business owners.
Card offers up to 45 days interest‑free credit, 1% monthly interest thereafter, 0% forex markup, and 10 points per ₹200 spend.
Additional perks include 7.5% hotel and 4.4% flight reward value‑back, 8 lounge accesses yearly, ₹25,000 travel cancellation cover twice annually.
Card’s credit limit equals FD value (minimum ₹50,000), with ₹1,000 joining fee, ₹1,000 annual fee waived after ₹5 lakh spend.