IDFC FIRST Bank Micro Enterprise Credit Card
IDFC FIRST Bank · Open to apply
A government-scheme business credit card for Udyam-registered micro enterprises (Union Budget 2025-26, CCME), with a limit of up to ₹5 lakh. It pays 3 points per ₹200 (0.75%) on regular business spends, nothing on fuel, rent, utilities or foreign spends, and charges 1.5% a month on revolving balances. No joining fee; the annual fee is 1% of the limit or ₹1,000, whichever is lower.
- Annual fee
- ₹1,000 + GST a year
- Joining fee
- None
- Base rate
- Regular business spends, 3 points per ₹200: 3 IDFC FIRST Bank reward points per ₹200 (about 0.38% at cash value)
- Lounges
- None on record
- Forex markup
- 0%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No points on fuel, insurance, EMI, cash, rent and utilities
- No points on foreign currency and international transactions
Where the sources disagree
- Fuel surcharge waiver period: The product page says waiver up to ₹200 per month on fuel spends above ₹20,000; the MITC and its FAQ say ₹200 per statement cycle. We use the MITC.
Terms the calculator does not value
- From 26 October 2026 UPI payments above ₹2,000 made through the IDFC FIRST Bank app earn 3 points per ₹200; smaller payments and payments through other UPI apps earn 1. The issuer file has no payment route for the bank's own UPI, so only the 1-point rate is modelled.
- The card's revolving account is valid for one year and renewable on satisfactory performance; the credit guarantee fee (0.55% of the limit + GST) is charged in the first statement and yearly. The fee is not entered as a field. At a ₹5 lakh limit it is ₹2,750 + GST a year, more than the annual fee and the points on typical spend, so net values here are overstated.
- No points for a billing cycle in which the minimum amount due is not paid by the due date (points already posted are reversed), and points earn only on spends up to the credit limit. The calculator assumes the bill is paid.
Sources
- Micro Enterprise Credit Card product page, with rewards, fees, eligibility and FAQ (Product page, the bank's own, read 6 Nov 2026)
- Micro Enterprise Credit Card product guide (PDF modified 9 Oct 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- IDFC FIRST Bank business credit cards MITC and schedule of charges (BC_MITC_FEB25, PDF modified 7 Sep 2026) (Most important terms (MITC), the bank's own, read 6 Nov 2026)