IDFC Business Multiplier Credit Card

Earn Up to 10X Rewards for GST and Other Tax Payments

• Earn 10 Reward Points for every ₹200 spent on transactions up to ₹1 lakh per month (Reward Rate = 1.25%).
• Earn 5 Reward Points for every ₹200 spent on spends beyond ₹1 lakh per month (Reward Rate = 0.625%).
• Earn 3 Reward Points for every ₹200 spent on UPI transactions above ₹2,000 (Reward Rate = 0.375%).
• Earn 1 Reward Point for every ₹200 spent on UPI transactions below ₹2,000, as well as on utility and insurance spends (Reward Rate = 0.125%).
• Reward points are not applicable on fuel, insurance, EMI transactions, cash withdrawals, rental and property management transactions, and utility spends.

1 Reward Point = ₹0.25

Free Airport Lounge Access

This card offers both domestic and international airport lounge access to primary as well as add-on cardholders. To avail this benefit, users must spend ₹20,000 in a calendar month, after which they become eligible for 1 domestic and 1 international lounge visit in the following quarter.

Spends made between the 1st and last day of the month are considered for eligibility in the next month. However, transactions such as EMI conversions, fees, charges, and applicable GST are not counted towards the spend requirement.

Zero Forex Charges

This is a unique benefit that is rarely seen on other business credit cards. The Business Multiplier Credit Card offers zero forex markup, making it highly suitable for international business payments.

Getting such a benefit at this price point is truly remarkable.

Insurance Covers

Roadside Assistance

Cardholders are eligible for complimentary roadside assistance up to 2 times a year, with each service valued at ₹1,399. This benefit can be extremely useful in case of vehicle breakdowns or emergencies. To avail the service, IDFC FIRST Bank cardholders can call the toll-free number 1800 572 3860.

Trip Cancellation Policy

The card offers a Cancel for Any Reason (CFAR) cover of up to ₹25,000 on flight and hotel bookings. This cover is flexible and can be used across both flights and hotels, with a maximum of two claims during the policy period. The policy is valid from 8th May 2025 (or the date of issuance, whichever is later) until 7th May 2026.

It covers the non-refundable portion of bookings in case of cancellation, where the amount is not refunded by the airline or hotel.

Eligibility for IDFC Business Multiplier Credit Card

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

• Business Type: Proprietorship
• Documents Required: PAN, Aadhaar, and GST Number
• Fixed Deposit Requirement: Minimum FD of ₹50,000

The card is issued against a fixed deposit, with the credit limit set at up to 100% of the FD amount, making it easier for businesses to get approved without traditional income checks.

Bottom Line

The IDFC Business Multiplier Credit Card is a simple yet rewarding offering that also comes with a complimentary IDFC FIRST Digital Credit Card. It is a premium metal card with a joining and annual fee of ₹1,000 + GST. This card is best suited for business owners who want to manage their expenses more efficiently by separating personal and business spending, while also earning rewards on categories that are usually excluded, such as tax payments, utilities, and more.

Cardholders can earn up to 10X Reward Points on spends up to ₹1 lakh per month, after which the reward rate drops to 5X on additional spends. This is a fixed deposit-backed credit card, available against a minimum FD of ₹50,000. Those looking for a similar option with a lower FD requirement can consider the IDFC FIRST Business Max Credit Card, although it is not as rewarding or premium as this card.