IDFC FIRST Bank and RuPay Introduce FIRST EA₹N RuPay Credit Card

IDFC FIRST Bank has partnered with RuPay to launch the FIRST EA₹N RuPay Credit Card, a secured credit card that combines the benefits of a fixed deposit with the convenience of UPI transactions. This innovative card aims to provide users with enhanced financial flexibility and rewards.

Key Features and Benefits

Guaranteed Approval: Applicants can secure instant approval by opening a fixed deposit of at least ₹5,000 with IDFC FIRST Bank, ensuring accessibility for individuals with no credit history or low CIBIL scores.

Cashback on UPI Transactions: Users earn guaranteed cashback on every UPI transaction made with the card—1% when using the IDFC FIRST Bank App and 0.5% with other UPI apps, up to a maximum of ₹500 cashback per month.

Welcome and Renewal Benefits: Receive 100% cashback up to ₹500 on the first UPI transaction completed within 15 days of card issuance through any UPI app.

Additional Perks: The card offers complimentary roadside assistance, lost card liability cover, and personal accident cover, enhancing user security and convenience.

Application Process

To apply for the FIRST EA₹N RuPay Credit Card, visit the IDFC FIRST Bank website, complete the online application form, and open the required fixed deposit. Upon approval, users can start enjoying the card’s benefits immediately.

About IDFC FIRST Bank

• Established in 2015 after the merger of IDFC Bank and IDFC Securities.
• Offers a wide range of banking services including retail and corporate banking, wealth management, and more.
• Known for its customer-first approach and digital banking services.
• Headquartered in Mumbai, Maharashtra.

About RuPay

• India’s first indigenous card payment network launched by the National Payments Corporation of India (NPCI) in 2012.
• Enables secure, cost-effective payments for domestic and international transactions.
• Widely accepted for debit, credit, and prepaid card payments in India and internationally.
• Supports UPI, IMPS, and ATM transactions.

Summary of the news

Why in News	Key Points
IDFC FIRST Bank Partners with RuPay	– Launched the FIRST EA₹N RuPay Credit Card. – Combines FD benefits with UPI cashback rewards. – ₹5,000 FD required for approval. – 1% cashback on UPI transactions via IDFC FIRST Bank app, 0.5% on other apps. – Maximum ₹500 cashback per month. – Welcome benefit: ₹500 cashback on first UPI transaction. – Additional perks: Roadside assistance, lost card liability cover, personal accident cover. – Instant approval for low/no credit score individuals.
Partnering Entities	– IDFC FIRST Bank – RuPay
FD Requirement	– Minimum ₹5,000 FD for credit card approval.
Benefits	– Cashback up to ₹500/month on UPI payments. – 100% cashback on first UPI transaction.
Application Process	– Apply online at IDFC FIRST Bank website. – Complete FD requirement for approval.