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IDFC FIRST Bank Credit Cards review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

IDFC FIRST Bank Credit Cards suit Indian card users who want a secured card with no annual fee and cashback on everyday spend. The Quantum Plus card takes an annual fee of INR 0 and a currency conversion fee of 0%, at a headline rate of 8.5%.

Key facts

Best for
A secured card that builds credit history with no income check.
Annual fee
₹0↗
APR
8.5%↗
Currency conversion fee
0%↗
Rewards type
Cashback↗
Rewards rate
1% online up to INR 10,000 per statement cycle, 2% on incremental online spends above INR 10,000, 1% on UPI via the IDFC FIRST Bank app, 1% in-store, 0.5% on select categories, plus 1% bonus on hotel and flight bookings in the app; total capped at INR 500 per statement cycle↗
Credit needed
Poor↗
Perks
Personal accident cover of INR 200,000, Lost card liability cover of INR 25,000, UPI-enabled RuPay credit card auto-linked to the IDFC FIRST Bank app, No income proof or credit history required, Fixed deposit keeps earning interest while funding the card, Zero forex markup on international spends, Cash withdrawal interest-free for up to 45 days at a nominal fee of INR 199 plus GST↗
Cashback rate
0.5% to 2%↗
Card kind
Credit↗
Legal entity
IDFC FIRST Bank Ltd↗
Headquarters
India↗
Founded
2018↗
Support channels
Phone, Help-centre↗
Pricing model
No annual fee
Features
Rewards, Secured
Official website
idfcfirstbank.com

Facts checked September 26, 2026, 3 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedInX

Pros and cons

Pros

  • Annual fee of INR 0
  • Currency conversion fee of 0%
  • Cashback of 0.5% to 2% in cashback form
  • No income proof or credit history required

Cons

  • Cash withdrawals carry a nominal fee plus GST
  • Cashback is capped per statement cycle
  • Support runs on phone and help centre only
IDFC FIRST Bank Credit Cards

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Scored 8.8 / 10 by SumCue.

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Who it suits

  • Card users in IN with poor credit rebuilding a file
  • Online and UPI spenders wanting 0.5% to 2% cashback
  • Travellers wanting a 0% currency conversion fee

Who should look elsewhere

  • Anyone wanting points or miles, since rewards are cashback
  • People spending outside IN
  • Frequent cash withdrawers, who pay a fee plus GST

Fees and FX

The Quantum Plus credit card carries an annual fee of INR 0, and a fixed deposit funds the card while it keeps earning interest. Currency conversion fees run at 0%, with zero forex markup on international spends. The headline rate is 8.5%, below most credit cards. Cash withdrawals carry a nominal fee plus GST, with an interest-free window on the amount withdrawn.

How IDFC FIRST Bank Credit Cards compares

Where IDFC FIRST Bank Credit Cards is available

Available
India

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is there an annual fee on the card?+

No. The Quantum Plus card has an annual fee of INR 0, and it is a credit card. A fixed deposit funds the limit and keeps earning interest while you hold the card, so the real cost is the deposit tied up rather than a yearly charge.

What is the currency conversion fee?+

Currency conversion fees run at 0% on the Quantum Plus card, and there is zero forex markup on international spends. For a card mostly used in India, that matters only if you travel or pay in another currency.

How much cashback do I earn?+

Cashback is 0.5% to 2% in cashback form, with a higher rate on online and app spend and a lower rate on select categories. The total is capped at a set amount per statement cycle, so heavy spenders lose the top rate above that cap.

Can I get the card with no credit history?+

Yes. No income proof or credit history is required, which suits applicants with poor credit. The card is a credit card funded by a fixed deposit, so the limit rests on the deposit rather than a credit check.

What rate applies to borrowing?+

The headline rate is 8.5%, the figure to compare with other credit cards if you plan to carry a balance. Cash withdrawals charge a nominal fee plus GST, with an interest-free window on the amount taken out, so short-term borrowing costs less than the headline rate suggests.

How do I pay and get support?+

The card is UPI-enabled and auto-linked to the bank app, with a higher rewards rate on online and UPI spend through the app. Cash withdrawals are supported at a nominal fee plus GST. Support runs on phone and help centre, so phone and help centre are the routes.

What protection comes with the card?+

Personal accident cover and lost card liability cover are included, the latter covering a lost card for a set amount. Personal accident cover is a fixed sum, so treat it as a small backstop rather than full medical protection.

Who is this card for?+

Card users in IN rebuilding credit, spending online or over UPI, or wanting a 0% currency conversion fee abroad. It suits applicants with no income proof, since no credit history is asked for, and anyone who prefers cashback to points or miles.

Sources

  • idfcfirstbank.com/about-us/our-history checked September 26, 2026

    Backs: Founded

    “IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.”

  • idfcfirstbank.com/credit-card checked September 26, 2026

    Backs: APR

    “IDFC FIRST Bank Credit Cards offer competitive and dynamic Annual Percentage Rates (APR) starting at just 8.5% per annum or 0.7% per month.”

  • idfcfirstbank.com/credit-card/quantum-plus-credit-card checked September 26, 2026

    Backs: Annual fee, Card kind, Cashback rate, Credit needed, Features, Currency conversion fee, Headquarters, Legal entity, Pricing model, Perks, Rewards rate, Rewards type, Support channels

    “Quantum+ is a lifetime free credit card with no joining and annual fees.”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

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