IDFC First Bank launches secured RuPay credit card with up to 5% cashback and no income proof requirement.

Key facts

• IDFC First Bank has launched the Hello Cashback secured RuPay credit card backed by a minimum fixed deposit of Rs 10,000.
• The card offers 3% cashback on the first Rs 10,000 of online spends per statement cycle and 5% beyond that, capped at Rs 1,000.
• A flat 1% cashback applies to UPI payments via the bank’s app, in-store swipes, and essentials including utilities, rent, education, insurance, jewellery, FASTag, Government payments, and wallet loads, raising the monthly cap to Rs 1,500.
• The credit limit is set at 100% of the fixed deposit, and users continue to earn fixed deposit interest alongside cashback.
• Joining fee of Rs 1,000 is waived until 31 March 2026; annual fee of Rs 1,000 is waived at Rs 2 lakh spends and halved at Rs 1 lakh spends.
• The card provides Rs 2 lakh personal accident cover, Rs 25,000 purchase protection, and fuel surcharge waivers.