Skip to content

IDFC FIRST Quantum+ Credit Card

The IDFC FIRST Quantum+ Credit Card is a great option for anyone looking to start their credit journey without the usual hassles. It is a secured credit card, which means it is issued against a fixed deposit instead of relying on your credit history or income. Backed by a fixed deposit of just ₹10,000, this lifetime-free credit card offers up to 2% cashback on everyday spending while helping you build a strong credit history.

Whether you’re a student, homemaker, freelancer, young professional, or someone with no prior credit score, the Quantum+ Credit Card makes it easy to enjoy the convenience of a credit card along with the security of an FD. With features like UPI payments, cashback on online and offline purchases, and your fixed deposit continuing to earn interest, it brings together savings, rewards, and credit-building in one simple package.

IDFC FIRST Quantum+ Credit Card

( 4.4 / 5 )
IDFC FIRST Quantum+ Credit Card
  • Joining FeeLifetime Free
  • Annual FeeLifetime Free
  • Best Suited ForShopping
  • Reward TypeCashback

Rewards Rate

2% Cashback on Online Spends Up to ₹10,000 Per Statement Cycle, 1% Cashback on Online Spends Up to ₹10,000 Per Statement Cycle, UPI Scan & Pay Via the IDFC FIRST Bank Mobile App and In-Store Purchases, 0.5% Cashback on Select Categories

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

2% Cashback on Online Spends Up to ₹10,000 Per Statement Cycle, 1% Cashback on Online Spends Up to ₹10,000 Per Statement Cycle, UPI Scan & Pay Via the IDFC FIRST Bank Mobile App and In-Store Purchases, 0.5% Cashback on Select Categories

Reward Redemption

N/A

Travel

1% Bonus Cashback on Travel Bookings Made Through IDFC FIRST Bank Mobile App

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

  • Spend-Based Waiver

    N/A

    Rewards Redemption Fee

    N/A

    Foreign Currency Markup

    3.5%

    Interest Rates

    3.85% Monthly (46.2% Yearly)

    Fuel Surcharge Waiver

    N/A

    Cash Advance Charges

    ₹199

    • Lifetime-free credit card with no joining or annual fee
    • Secured credit card backed by a fixed deposit
    • Minimum fixed deposit requirement of ₹10,000
    • Up to 2% cashback on eligible online spends
    • 1% cashback on eligible UPI Scan & Pay transactions
    • 1% cashback on eligible in-store purchases
    • 1% bonus cashback on travel bookings through the IDFC FIRST Bank Mobile App
    • Up to 6.5% interest on the linked fixed deposit

    Pros

    • The Quantum+ Credit Card can be issued against a fixed deposit of just ₹10,000, making it easy for first-time credit card users to get approved.
    • The linked fixed deposit continues to earn up to 6.5% interest while serving as collateral for the card.

    Cons

    • The card does not offer airport lounge access, dining privileges, golf benefits, or extensive travel perks, which are available on many other credit cards.
    • The card does not offer joining bonuses or spend-based milestone rewards.

  • Reward Rate

    • 2% cashback on online spends above ₹10,000 in a statement cycle.
    • 1% cashback on online spends up to ₹10,000 in a statement cycle.
    • 1% cashback on UPI Scan & Pay transactions made through the IDFC FIRST Bank Mobile App.
    • 1% cashback on in-store purchases.
    • 0.5% cashback on select spending categories.

    Key Benefits of the IDFC FIRST Bank Quantum+ Credit Card

    The IDFC FIRST Bank Quantum+ Credit Card comes with benefits that add convenience, savings, and protection to everyday spending and travel.

    Earn Interest on Your Fixed Deposit

    The fixed deposit linked to the Quantum+ Credit Card continues to earn up to 6.5% interest. This means you can earn interest on your FD while also enjoying cashback and other benefits on your credit card spends.

    Bonus Cashback on Travel Bookings

    Book hotels and flights through the IDFC FIRST Bank Mobile App and earn 1% bonus cashback on your travel bookings.

    Access Funds Without Breaking Your FD

    Get access to cash without closing your fixed deposit. You can withdraw cash interest-free for up to 45 days by paying a nominal fee of ₹199 + GST.

    Personal Accident Cover

    The Quantum+ Credit Card provides a personal accident cover worth ₹2 lakh, giving you an added layer of financial protection.

    Covered Against Fraud

    If your card is lost or stolen, you get protection against fraudulent transactions of up to ₹25,000, helping reduce the financial risk of card misuse.

    How to Apply

    To apply for the Quantum+ Credit Card, follow these steps:

    Step 1: Submit the required personal details through the online application form.

    Step 2: Create a fixed deposit (FD) online.

    Step 3: Complete the Video KYC process.

    Step 4: The bank issues the virtual credit card instantly.

    Step 5: The physical credit card is delivered to the registered address within 5 working days.

    Eligibility Criteria

    To be eligible for the Quantum+ Credit Card, applicants must meet the following requirements:

    • They should be between the ages of 18 and 80.
    • Be a resident of India.
    • Have a valid Aadhaar card and physical PAN card for Video KYC.
    • Open a Fixed Deposit (FD) of at least ₹10,000 with IDFC FIRST Bank or already hold an eligible FD with the bank.

    Bottom Line

    The IDFC FIRST Quantum+ Credit Card is a good option for people who are new to credit cards or want to build their credit score. Since the card is issued against an FD starting from ₹10,000, you do not need a strong credit history to get started. Plus, there is no joining or annual fee, which makes it easier to use without worrying about extra costs.

    The card also offers cashback on online shopping, UPI payments, and in-store purchases. Your FD continues to earn interest, so your money does not simply sit idle. Features like personal accident cover and protection against fraud if the card is lost or stolen are useful additions.

    The Quantum+ Credit Card makes the most sense for first-time credit card users who want a simple, low-cost way to build their credit history and earn cashback on regular spending.

    FAQs:

    A minimum fixed deposit of ₹10,000 is required to apply for the Quantum+ Credit Card.

    No, the Quantum+ Credit Card is lifetime-free and does not have a joining or annual fee.

    Since the card is issued against a fixed deposit, people with no previous credit history can also apply, subject to the bank’s eligibility requirements.

    Yes, the linked fixed deposit continues to earn interest of up to 6.5%, subject to the bank’s applicable rates and terms.

    Leave the first comment