IDFC FIRST Bank launches Business Multiplier Metal Credit Card

Key facts

• IDFC FIRST Bank launched the FD-backed Business Multiplier Metal Credit Card for founders, entrepreneurs, and business owners.
• The card is available against a Fixed Deposit starting from ₹50,000, providing a credit limit equal to 100% of the Fixed Deposit value.
• The card carries a joining fee of ₹1,000 and an annual fee of ₹1,000, which is waived upon annual spends of ₹5 lakhs.
• Key financial benefits include 0% Forex Markup, up to 45 days interest-free credit, and a 1% monthly interest rate for balances carried forward.
• Additional features include 8 complimentary lounge accesses annually on minimum spends of ₹20,000 in the previous month, a ₹25,000 Trip Cancellation Cover twice a year, and up to 10 reward points for every ₹200 spent on business categories.