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IDFC Business Multiplier Credit Card
Rewards & Benefits
Welcome Benefits
None
Milestone Benefits
None
Cashback Rate
Value of 1 reward point = INR 0.25. User will get 5 reward point on domestic spends of every INR 100 upto spends of INR 1 Lakhs in a month. Domestic Cashback Rate: 1.25%.
Above INR 1 Lakh User will get 2.5 reward point on domestic spends of every INR 100 upto spends. Above 1 Lakh Domestic Cashback Rate: 0.625%.
User will get 5 reward point on GST and tax payment of every INR 100. GST Tax Cashback Rate: 1.25%.
User will get 5 reward point on vendor and bill payment of every INR 100. Vendor Payment Rate: 1.25%.
Movie Benefits
None
Dining Benefits
None.
Other Benefits
Zero forex mark-up.
Low interest rate of 12% p.a. on unpaid balance which is carried off.
Free roadside assistance worth INR 1,399 upto 4 times a year.
Free cancellation for any reason insurance for hotels and flights twice a year.
Lounge Access
Free 1 domestic and one international lounge access on a minimum spend of INR 20,000 in the previous year.
Rewards & Benefits
Welcome Benefits
None
Milestone Benefits
None
Cashback Rate
Value of 1 reward point = INR 0.25. User will get 5 reward point on domestic spends of every INR 100 upto spends of INR 1 Lakhs in a month. Domestic Cashback Rate: 1.25%.
Above INR 1 Lakh User will get 2.5 reward point on domestic spends of every INR 100 upto spends. Above 1 Lakh Domestic Cashback Rate: 0.625%.
User will get 5 reward point on GST and tax payment of every INR 100. GST Tax Cashback Rate: 1.25%.
User will get 5 reward point on vendor and bill payment of every INR 100. Vendor Payment Rate: 1.25%.
Movie Benefits
None
Dining Benefits
None.
Other Benefits
Zero forex mark-up.
Low interest rate of 12% p.a. on unpaid balance which is carried off.
Free roadside assistance worth INR 1,399 upto 4 times a year.
Free cancellation for any reason insurance for hotels and flights twice a year.
Lounge Access
Free 1 domestic and one international lounge access on a minimum spend of INR 20,000 in the previous year.
Fees & Charges of
IDFC Business Multiplier Credit Card
Joining Fee
INR 1,000
Annual Fee
INR 1,000
Cash Advance Fee
2.5%
Interest rate
12% per annum
Late Payment Fee
Late payment fee: Up to ₹1000 + 2.5% of the outstanding amount, whichever is higher
Foreign Currency Transactions Fee
0%
Other Fees
Minimum payment fee: 5% of the outstanding amount or ₹100, whichever is higher
Joining Fee
INR 1,000
Annual Fee
INR 1,000
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
12% per annum
Late Payment Fee
Late payment fee: Up to ₹1000 + 2.5% of the outstanding amount, whichever is higher
Foreign Currency Transactions Fee
0%
Other Fees
Minimum payment fee: 5% of the outstanding amount or ₹100, whichever is higher
Fee and Charges of
IDFC Business Multiplier Credit Card
Special Features
Low interes rate of 12% p.a. or 1 percent per month.
Eligibility Criteria
Speical Feature, Eligibility and Benefits of
IDFC Business Multiplier Credit Card
How to apply for Credit Card?
Visit the IDFC FIRST Bank website or app.
Choose "Apply for Credit Card" and select the IDFC Business Multiplier variant.
Fill out the online application form with details like your name, contact information, income, and employment.
Upload scanned copies of the required documents (PAN card, address proof, income proof).
Apply and wait for processing.
Contact Details
N/A
Account Opening and Procedure of
IDFC Business Multiplier Credit Card
Product Review of
IDFC Business Multiplier Credit Card
The card is packed with all kind of benefits. 10% cashback on PhonePe spends is a solid plus point. Overall it is one of the best credit cards in India.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review of
IDFC Business Multiplier Credit Card
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
