IDFC FIRST Hello Cashback Credit Card
- Updated On: 8 July, 2026
IDFC FIRST Bank offers a range of fixed-deposit-backed credit cards designed for first-time users and those looking to build or improve their credit profile without opting for an unsecured card. Its secured card lineup includes the IDFC FIRST WOW!, IDFC FIRST WOW! Black, and the latest addition, the IDFC FIRST Hello Cashback Credit Card.
The Hello Cashback Credit Card is primarily targeted at young users and first-time cardholders, thanks to its simple structure and attractive cashback of up to 5% on online spends. This is a straightforward secured credit card that rewards digital spending without complicated reward conversions.
To earn 5% cashback on online spends, cardholders must spend ₹10,000 or more in a statement cycle. If online spends are below ₹10,000, a 3% cashback applies instead. All other eligible spends earn 1% cashback.
The card is best suited for those applying for their first credit card. A minimum fixed deposit of ₹10,000 is required to get started, and the cashback earned is automatically adjusted against the outstanding card balance, eliminating the need for manual redemption. In addition to cashback benefits, the card also offers complimentary roadside assistance worth ₹1,399, which can be availed up to four times in a year. Insurance and protection benefits include a personal accident cover of ₹2,00,000 and purchase protection cover of ₹25,000.
IDFC FIRST Hello Cashback Credit Card
( 4.4 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
Up to 5% Cashback on Online Spends and 1% Cashback on Other Eligible Spends, Including UPI
Welcome Benefits
N/A
Rewards and Benefits
Movie & Dining
N/A
Rewards Rate
Up to 5% Cashback on Online Spends and 1% Cashback on Other Eligible Spends, Including UPI
Reward Redemption
Cashback Earned Will be Credited to Card Account
Travel
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
N/A
Fees & Charges
Spend-Based Waiver
Annual Fee Waiver on Spends of ₹2 Lakh
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.5%
Interest Rates
Up to 46.2% Annually
Fuel Surcharge Waiver
1% Waiver Up to ₹100 in a Statement Cycle
Cash Advance Charges
₹199 + GST
Product Details
- This is a secured credit card issued against a fixed deposit, so it’s easier to get than a regular unsecured credit card.
- You need to open a fixed deposit of at least ₹10,000 to get this card, and the credit limit depends on the FD amount.
- The card is useful for people who want to build or improve their credit score by using the card regularly and paying bills on time.
- Any cashback you earn is automatically adjusted against your card bill, so there is no need to redeem it separately.
Pros/Cons
Pros
- The joining charge of ₹1,000 + GST has been waived for a limited time.
- This card provides useful insurance coverage, including complimentary Roadside Assistance valued at ₹1,399 and Purchase Protection up to ₹25,000.
Cons
- The minimum fixed deposit required for this card may feel high for students and young users, who are the primary target audience for this card.
- In addition, the card does not offer any movie, dining, or travel benefits, which makes it less appealing, especially considering that it carries an annual fee of ₹1,000 plus GST.
Up to 5% Cashback on Spends
- Get 3% cashback on online spends up to ₹10,000 in a statement cycle.
- Earn 5% cashback on online spends above ₹10,000.
- Enjoy 1% cashback on UPI payments made through the IDFC FIRST Bank App.
- Get 1% cashback on in-store card swipes.
- Earn 1% cashback on essential spends, including utilities, rent, jewellery, wallet loads, insurance, education, gift cards, government services, FASTag, and railway bookings.
- Get an extra 1% cashback on hotel and flight bookings made via the IDFC FIRST Bank App.
Cashback Limits
- Cashback on online spends is capped at ₹1,000 per statement cycle
- Total cashback across all categories is capped at ₹1,500 per statement cycle
Other Benefits
- This is an FD-backed credit card with a credit limit equal to 100% of the fixed deposit value. You continue to earn interest on your fixed deposit even while using it as a credit limit
- Multiple fixed deposits can be linked to the card to increase your credit limit anytime
- Get a 1% fuel surcharge waiver on fuel spends between ₹200 and ₹5,000, capped at ₹100 per statement cycle
- Enjoy 24/7 complimentary roadside assistance worth ₹1,399, available up to four times in a year
Final Thoughts
The IDFC FIRST Hello Cashback Credit Card is a good option for anyone looking to get their first credit card or build a credit score without the risk of an unsecured card. Its simple cashback structure, with up to 5% cashback on online spends, makes it easy to understand and rewarding for regular digital shoppers. Since the card is backed by a fixed deposit, approval is easier, and users continue to earn interest on their FD while enjoying card benefits. The automatic cashback adjustment against the card bill also keeps things hassle-free.
That said, the ₹10,000 minimum fixed deposit may feel a bit high for students and younger users, who are the main target audience for this card. Also, the lack of movie, dining, or travel benefits limits its overall appeal, especially once the annual fee of ₹1,000 plus GST applies. Still, for first-time users who want a safe, no-frills cashback credit card to build credit history, the IDFC FIRST Hello Cashback Credit Card does its job well.
FAQs:
How is the cashback redeemed?
The cashback you earn is automatically credited to your credit card account. It is adjusted against your outstanding balance, so no manual redemption or reward request is required.
What are the joining and annual charges of this card?
The card has a joining fee of ₹1,000 plus GST and an annual fee of ₹1,000 plus GST. However, the joining fees are waived for a limited time, making the card more attractive to first-time credit card applicants.