Benefits:
1. 1% cashback on eligible UPI spends via IDFC FIRST Bank App.
2. Cashback capped at ₹500 per statement cycle.
3. Welcome cashback offers on eligible transactions.
4. FD continues to earn interest while card is active.
5. Instant virtual card issued upon approval.
6. Helps build or improve credit score.
Whom to sell?
1. First-time credit card users.
2. Customers with low or no CIBIL score.
3. Customers actively using UPI.
4. Customers comfortable creating a Fixed Deposit.
5. Self-employed, salaried, housewives, retired individuals.
How it works?
1. Customer applies for FIRST EAN Secured Credit Card.
2. Fixed Deposit is created with IDFC FIRST Bank.
3. Instant virtual credit card is issued
4. Customer uses UPI via IDFC FIRST Bank App or other UPI apps.
5. Cashback is earned as per applicable rules.
Terms & Conditions
1. This is an FD-backed secured credit card (Minimum FD: ₹5,000).
2. Joining Fee: ₹499 + GST.
3. Annual Fee: ₹499 + GST (from 2nd year).
4. 1% cashback on eligible UPI spends via IDFC FIRST Bank App (capped at ₹500 per statement cycle).
5. Welcome and annual offers are applicable as per bank terms.
6. Credit limit is linked to FD amount as per bank policy.
7. Approval and issuance are subject to bank policy and KYC verification.
8. Platform payout is applicable only after successful card dispatch.