IDFC FIRST Bank Business Credit Card
- Updated On: 17 April, 2026
Credit cards are primarily associated with lavish personal use, but that’s not true. In recent times, many popular card issuers and banks have launched business credit cards. These credit cards are specially made for small and medium-sized corporations. They not only offer a line of credit to businesses but also offer them Reward Points for their spending. IDFC First Bank also offers a similar rewarding business credit card called the IDFC First Bank Business Credit Card. With this business credit card, customers can earn up to 10X Reward Points on business spends and also 2X Reward Points on restaurant, rental, and utility spends.
One of the key highlights of this credit card is its flexibility, as it allows you to choose between lower interest rates or higher rewards based on your spending behavior. If you prefer to keep your interest costs low, you can opt for the low-interest plan, which offers an introductory rate of 1.5% per month in the first year, followed by 2% per month from the second year onwards, slightly lower than the industry average of 2% – 3% p.m. Under this option, you continue to earn 5X rewards on foreign currency transactions, 2X rewards on business utility and digital advertising spends, and 1X rewards on rentals, restaurants, and utility payments.
On the other hand, if your priority is to maximize rewards, you can choose the high-reward plan, which offers a 3% monthly interest rate. In return, the reward rate is significantly higher, offering 10X rewards on foreign currency transactions, 4X rewards on business utility and digital advertising, and 2X rewards on rentals, restaurants, and utility spends.
The IDFC First Business Credit Card provides reward points, discounts, and offers on business expenses such as productivity tools, utilities, and ads, along with complimentary airport lounge access, allowing business people to relax quickly while traveling. Extra benefits like these make this credit card more rewarding and appealing. Keep on reading to learn more about this business credit card offering by IDFC FIRST Bank.
IDFC FIRST Bank Business Credit Card
( 4.5 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
Up to 10X RPs/₹100 on International Spends, Up to 4X RPs/₹100 on Business Utility & Digital Advertising, and 2X RPs/₹100 on Restaurant/Rentals/Utility Spends
Welcome Benefits
N/A
Rewards and Benefits
Movie & Dining
Accelerated Reward Points on Dining
Rewards Rate
Up to 10X RPs/₹100 on International Spends, Up to 4X RPs/₹100 on Business Utility & Digital Advertising, and 2X RPs/₹100 on Restaurant/Rentals/Utility Spends
Reward Redemption
1 Reward Point = ₹0.25
Travel
N/A
Domestic Lounge Access
2 Each Quarter (International or Domestic)
International Lounge Access
2 Each Quarter (International or Domestic)
Golf
N/A
Insurance Benefits
Personal and Travel Insurance up to ₹10 Lakh
Fees & Charges
Spend-Based Waiver
N/A
Rewards Redemption Fee
₹99 + GST
Foreign Currency Markup
1.99%
Interest Rates
Starting at 1.5% Per Month
Fuel Surcharge Waiver
Waiver up to ₹500 Each Statement Cycle
Cash Advance Charges
N/A
Product Details
- Up to 10X RPs on business spends.
- Up to 2X RPs on restaurant spends.
- Free domestic and international airport lounge access.
- Fuel surcharge waiver up to ₹500.
- Discounts and offers on ad spends.
Pros/Cons
Pros
- This card is helpful for small and medium-sized businesses.
- Reward Points are valid for a lifetime.
Cons
- While the card offers strong reward earning, the redemption options could have been better.
Earn Accelerated Reward Points
The IDFC First Business Credit Cards offer lucrative rewards for business and productivity spends.
If you choose the high rewards variant, you earn.
- 10X Reward Points on Forex/International transactions.
- 4X Rewards on business utility and digital advertising.
- 2X Reward Points on restaurants/dining, rentals, and utilities.
If you choose the low-interest variant, you earn.
- 5X Reward Points on Forex/International transactions.
- 2X Rewards on business utility and digital advertising.
- 1X Reward Points on restaurants/dining, rentals, and utilities.
Reward Point Redemption
- 1X = 1 Reward point per ₹100 spent.
- The value of 1 Reward point = ₹0.25.
- There is no expiry for these reward points.
Low Forex Charges
This card offers a low forex charge of 1.99%, even though the industry rate is above 3%. This, along with accelerated reward points on international spends, would highly reward your transactions made abroad or with international merchants.
Free Airport Lounge Access
Enjoy two complimentary airport lounge access (both domestic and international lounges are available) with this credit card across popular airports within India. While traveling, customers can relax, enjoy meals, and take care of business with this free lounge facility. You would need to spend ₹20,000 in a month to be eligible for complimentary airport lounge access in the following month.
Insurance Benefits
This card also includes insurance benefits.
- Free Road Side Assistance (RSA) worth ₹1499
- Personal and travel insurance cover of up to 10 lakh.
Bottom Line
IDFC First Bank has established its name by offering some of the best premium and entry-level offerings, like IDFC Mayura and IDFC FIRST WOW! Black Credit Card. Now, it has also launched an exciting business credit card that allows corporations and businesses to save on their expenses.
Customers can easily earn up to 4X Reward Points on their business spending while enjoying premium benefits, including free airport lounge access. All of these benefits can be availed at a low joining fee of ₹499.
Manage your business expenses efficiently and quickly with the IDFC First Bank Business Credit Card. Apply Now with Card Insider.
FAQs:
What is the interest-free period with this credit card?
You would get 48 days of interest-free period with the IDFC First Business Credit Card.
Do I need any minimum points for redemption?
No, you do not need any minimum reward points for redemption.
What are the Reward Redemption charges with the IDFC First Business Credit Card?
Cardholders will be charged a reward redemption fee of ₹99 + GST each time they redeem their reward points.