IDFC First Bank has launched a new credit card, the Hello Cashback Credit Card, for customers who want rewards on everyday spending. The card is a secured credit card supported by a fixed deposit at IDFC First Bank. The applicant must have a fixed deposit of ₹10,000. It focuses on instant cashback benefits rather than complex reward points or limited-time offers.
With this launch, the bank is targeting young professionals, first-time credit card users, and families looking for simple savings on daily expenses. The Hello Cashback Credit Card offers cashback on common spending categories such as online shopping, food delivery, and utility bill payments.
Cardholders can earn cashback on eligible transactions, which is credited directly to the card account. This removes the need to track reward points or convert them later.
As part of the introductory offer, the joining fee, which is ₹1000+GST, is waived for the initial period, so if you’re planning to opt for the card, go for it now.
Cashback Structure
- 3% cashback on online spends up to ₹10,000 per statement cycle, and 5% cashback on online spends exceeding ₹10,000, with a maximum online cashback cap of ₹1,000 per statement cycle.
- Additional 1% cashback on hotel and flight bookings made through the Bank App. This cashback is included within the online cashback cap of ₹1,000.
- 1% cashback on UPI transactions done via the Bank App, in-store card swipes, and essential category spends such as rent, utilities, education, FASTag, and more, subject to the overall monthly cashback cap.
- You can earn up to 6% cashback on travel bookings (online cashback + travel bonus combined), but the total cashback earned across all categories is capped at ₹1,500 per statement cycle.
- Overall cashback cap: The maximum cashback you can earn in a statement cycle is ₹1,500, irrespective of spend category.
- Personal accident cover of ₹2,00,000 is valid for cardholders who have made at least one transaction using the Hello Cashback Credit Card in the last 30 days.
- Get 24/7 roadside assistance for emergencies while traveling. This service is valid for up to 4 uses per year with your Hello Cashback Credit Card.
- Receive a 1% fuel surcharge waiver, up to ₹100, in a statement cycle at all fuel stations across India for transactions between ₹200 and ₹5,000.
- Lost card liability coverage of ₹25,000 is valid if at least one transaction is made on the Hello Cashback Credit Card within the last 30 days.
Bottom Line
The Hello Cashback Credit Card from IDFC First Bank is a great choice for those looking for an easy cashback credit card. Its instant cashback model makes it easy to get rewards without tracking points or waiting. This is great for young professionals, first-time cardholders, and families with regular expenses.
The cashback structure matches common spending habits, including online shopping, UPI payments, utilities, and travel. You can earn up to 6% cashback on travel bookings, which benefits frequent travelers. Plus, for a limited time, the card waives the ₹1,000 + GST joining fee, making it easier for new users to apply.
If you want simple savings on everyday purchases without the complexity of rewards, this card is a practical, user-friendly option.