IDFC FIRST Bank FIRST Business Credit Card

IDFC FIRST Bank · Open to apply

A business card for proprietors and firms, in two variants picked at application: a low interest one (1.5% a month in year 1, 2% after) and a high rewards one paying 4 points per ₹100 (1%) on business software, electronics and advertising, 2 on rent, dining and utilities and 10 (2.5%) on foreign currency spends. Nothing else earns points.

Annual fee
₹999 + GST a year
Joining fee
₹999 + GST
Base rate
Everything else, no points: 0% in IDFC FIRST Bank reward points (about 0% at cash value)
Lounges
Domestic: 2 visits a calendar year after ₹20,000 spend
Forex markup
0%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • Hotels booked in the IDFC FIRST app, 25% bonus points (25 points per ₹100): 25 IDFC FIRST Bank reward points per ₹100 on top of the base rate (about 6.25% at cash value)
  • Flights booked in the IDFC FIRST app, 15% bonus points (15 points per ₹100): 15 IDFC FIRST Bank reward points per ₹100 on top of the base rate (about 3.75% at cash value)
  • High Rewards variant, 10 points per ₹100 on foreign currency transactions: 10 IDFC FIRST Bank reward points per ₹100 (about 2.5% at cash value)
  • Low Interest variant, 5 points per ₹100 on foreign currency transactions: 5 IDFC FIRST Bank reward points per ₹100 (about 1.25% at cash value)
  • High Rewards variant, 4 points per ₹100 on business utility and digital advertising: 4 IDFC FIRST Bank reward points per ₹100 (about 1% at cash value)

Earns nothing on

  • Everything else, no points

Where the sources disagree

  • App travel bonus rates: The rewards T&C (PDF of 5 June 2025) gives 30 bonus points per ₹100 on hotels and 20 on flights booked in the app; the product page (read 6 Nov 2026) gives "25% bonus Reward Points on Hotel bookings" and "15% ... on Travel bookings". The T&C predates the page, so the page is taken as the current terms.
  • Lounge visits: The product guide (modified 14 Oct 2026) says "2 complimentary domestic and / or international airport lounge visits per year"; the product page and FAQ say "2 complimentary airport lounge visits per quarter" and "2 international and/or domestic Airport Lounges per quarter on minimum spends of ₹20,000 on the previous month". The guide's figure is recorded.
  • Reward redemption fee: The product page FAQ says there are no charges for redeeming points; the business-card MITC charges ₹99 per redemption transaction. We use the MITC.

Terms the calculator does not value

  • The joining fee is shown as ₹499 (struck-through ₹999) on the product page, called a limited-period introductory offer in the product guide. The MITC gives ₹999, which is recorded; the offer has no dates.
  • The two variants differ in interest rate as well as rewards (Low Interest: 1.5% a month in year 1 and 2% after; High Rewards: 3% a month). The calculator assumes the bill is paid in full, so it values only the rewards and picks the High Rewards variant.
  • The rewards T&C's MCC inclusion table lists travel MCCs (airlines, hotels, car rental, railways, cabs, tolls, travel agencies), but its earn table has no travel row and says points are earned only on the three categories it lists. Travel is recorded as earning nothing outside the app bonus.
  • Business utility covers digital goods (MCC 5815, 5817, 5818), subscriptions (5968), stationery, books and newspapers (5111, 5192, 5942, 5943, 5994), accounting (8931) and repair shops (7622, 7629) as well as the business services and electronics categories matched here. Those other MCCs earn the business-utility rate too but are not categories of ours. The dining list also takes MCC 5499 and 5462 (convenience stores, bakeries), which we file under groceries; utility takes 4899 (cable and streaming), which we file under telecom.
  • No points for a billing cycle in which the minimum amount due is not paid by the due date, and points earn only on spends up to the credit limit (business-card MITC). The calculator assumes the bill is paid and the limit is not reached.

Sources

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