IDFC Business Max Credit Card

Rewards and Benefits

With the IDFC Business Max Credit Card, the cardholders will receive reward points every time they spend on an eligible category:

• Users can earn 6 Reward Points every time they spend on domestic online purchases.
• Receive 4 Reward Points while spending on offline domestic purchases.
• While making UPI transactions, the user will get 3 Reward Points on transactions above ₹2,000 and 1 Reward Point on UPI transactions below ₹2,000, and insurance and utility payments
• Reward Points shall be valid for a period of 24 months.

*Reward points are applicable for every ₹200 spent.

*1 Reward Point = ₹0.25

Earn Rewards For Travel Bookings

The cardholders can earn points while making a business trip:

• Cardholders can earn 33% Bonus Reward Points on hotel bookings if they make the booking using the IDFC First Mobile Banking app.
• Receive 20%  Bonus Reward Points on flight booking via the IDFC First Mobile Banking app.

*Reward points are over and above the regular reward points, calculated as per every  ₹150 spent.

Low Forex Charge

The cardholders who travel a lot, either for their business or for a vacation, can use the Business Max Credit Card for making international purchases, as the credit card charges a low forex markup of just 1.5%, which is low when compared to other credit cards.

Insurance Covers

Cardholders will receive complimentary Roadside Assistance across India, four times a year, which will be worth ₹1399 on their Business Max Credit Card through Global Assure. This can help cardholders in the event of a vehicle breakdown. To avail the assistance, the cardholder can call the toll-free number 18005723860.

Eligibility for IDFC Business Max Credit Card

To apply for the IDFC Business Max Credit Card, you need to meet the following criteria:

• To apply for the credit card, one must be either self-employed or a sole proprietor.
• The documents required to apply for credit cards are PAN, Aadhaar, and GST Number.
• The applicant also needs to have a minimum Fixed Deposit of ₹10,000.
• The applicant should be above the age of 18.

Bottom Line

The IDFC Business Max Credit Card is a great option for small business owners, entrepreneurs, and those new to using credit cards. Since it requires a fixed deposit to apply, getting approved is easier, especially if you’re just beginning to build your credit history. Plus, the card is lifetime free, so you won’t have to worry about any extra fees.

The rewards program is simple and works well for everyday expenses like online payments, vendor bills, and utility bills. While the rewards aren’t super high, they’re good enough to add some value to your regular business spending. If you travel for work, you’ll appreciate that you can earn extra reward points when booking travel through the IDFC app.

However, this card doesn’t come with some of the lifestyle perks that other cards offer, like airport lounge access or entertainment benefits. If you are looking for a business credit card that offers more features, then you can also opt for the IDFC Business Multiplier Credit Card, which requires a fixed deposit of ₹50,000 to apply.

And if you’re looking for an easy-to-manage, free credit card to help you keep track of your business expenses and build your credit, the IDFC Business Max Credit Card is a smart choice.