IDFC FIRST Bank has come up with an attractive Diwali offers for its credit card customers. Under these offers, you will earn additional cashback on all EMI and Tap & Pay (contactless) transactions made with your IDFC FIRST Credit Card. The offers are valid from 10th October to 10th November 2021.

IDFC First Credit Card Offer 5% Cashback on EMI

The Offer 5% cashback on 3 or more tap & pay transactions and all EMI transactions
Offer Validity 10th October to 10th November 2021
Max Cap Rs. 1,000 for tap & pay offer and Rs. 10,000 for EMI offer 

Offer On Tap & Pay (Contactless) Transactions

Under this offer, you earn 5% cashback (up to Rs. 1,000) on all tap & pay transactions made with your IDFC FIRST Credit Card during the offer period. A minimum of 3 tap & pay transactions are required during the offer period to avail of the offer. The following terms and conditions are applicable on the tap & pay offer-

  • The offer is applicable only on offline tap & pay (contactless) POS transactions made at merchants with contactless payment facility.
  • The offer is not applicable on online and non-contactless (dip and PIN) offline transactions.
  • A minimum of 3 tap & pay (contactless) transactions during the offer period are required to avail of the offer.
  • The cumulative contactless spends at POS during the offer period shall be considered for calculating the cashback.
  • The maximum cashback that can be earned under this offer is capped at Rs. 1,000.
  • A cardholder is eligible for the offer only once during the entire offer period.
  • The offer is also applicable on IDFC FIRST Family credit cards.
  • The offer is valid from 10th October to 10th November 2021.
  • The cashback earned is credited within 60 days of the offer end date.

Offer on EMI Transactions

Under the EMI transactions offer, you earn a cashback of 5% (up to Rs. 10,000) on all EMI transactions made with your IDFC FIRST credit card. A minimum transaction value of Rs. 3,000 is required to avail of the offer. The following terms and conditions are applicable on the EMI cashback offer on IDFC FIRST credit cards-

  • The offer is applicable only on EMIs processed for a tenure of more than 3 months, i.e. on EMIs processed for 6, 9, 12, 18, 24, or 36 months.
  • EMI transactions made within 90 days of card issuance shall not be eligible for this festive offer. However, new customers will earn 5% cashback on EMI transactions as per the welcome offer applicable on IDFC FIRST credit cards.
  • This cashback offer is applicable over and above any merchant offer(s) at the Point of Sale.
  • The offer is applicable on transaction value of Rs. 3,000 and above.
  • Jewelry and fuel purchases and cash withdrawals are not eligible for EMI conversion.
  • Transactions converted into EMIs are not eligible for Reward Points.
  • 1% of the transaction amount (minimum Rs. 99) is charged as a processing fee on EMI conversions.
  • For detailed terms and conditions, you may refer to the official offer terms & conditions page.

Bottom Line

IDFC FIRST Bank, as we know, is new to the credit card business. All IDFC credit cards are already lifetime free and now the bank has come up with these lucrative cashback offers for its customers. The timing of the offers, particularly the EMI offer, is very appropriate since the demand for EMI conversions increases at this time of the year as many cardholders make big-ticket purchases around Diwali. Recently, SBI Card also launched a 10% cashback offer on select categories of online transactions, while American Express had already been offering complimentary Taj and Amazon gift vouchers to its cardmembers under a limited period Diwali offer. More such offers are expected from other card issuers as well in the next couple of weeks.

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