IDFC Hello Cashback Credit Card: The IDFC Hello Cashback Credit Card is a simple and easy credit card made for people who do not have a credit card yet. This card works by creating a fixed deposit first, you just need to open an FD of at least Rs. 10,000 and you get a full 100% credit limit equal to your FD amount. Because it is FD-backed, you do not need to show income proof or submit any paperwork. It also helps to improve your CIBIL score if you use it properlly.
This card gives good cashback benefits. You get a flat 3% cashback on online shopping when the amount is below Rs. 10,000. If your online spending goes above Rs. 10,000, you get extra cashback up to 5% on the higher amount. When you make UPI payments using the IDFC Bank app, you save an extra 1% as cashback.
The maximum cashback you can earn in one month is Rs. 1,500.
This includes:
- Rs 1,000 from online spending
- Rs 500 from all other types of spending
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The joining fee for the IDFC Hello Cashback Credit Card is Rs. 0, but the yearly fee is Rs. 1,000. Along with cashback and the card also gives free roadside assistance worth Rs. 1,399. You can use this service up to four times in a year, that is the limit. After applying and creating your fixed deposit, you can also get extra GoPaisa cashback once the card is approved.
IDFC FIRST Hello Cashback Credit Card
- Joining Fee:₹1,000+ taxes (It is currently ₹0 for introductory period)
- Annual Fee:₹1,000+ taxes
- Card Type:Secured Cashback
- Best Suited For:Online shoppers
- Fee Waiver:
- Fully waived on annual spends of ₹2 Lakh
- 50% waiver on spends between ₹1 Lakh and ₹2 Lakh.
Fees & Charges:
| Fee Type | Charges |
| Interest Rate (APR) | 0.71% to 3.99% per month (8.5% to 47.88% p.a.) |
| Late Payment Fee | 15% of total due (Min ₹100, Max ₹1,300) |
| Cash Withdrawal Fee | ₹199 + GST |
| Foreign Currency Markup | 3.50% |
Rewards Structure
- 3% cashback on all online spends (capped at ₹10,000 in a statement cycle)
- 5% cashback on incremental online spends above ₹10,000
- 5% incremental cashback + 1% bonus for flights and hotels booked via the IDFC FIRST Bank App
- 1% Cashback on all other spends (only via IDFC app)
- Online cashback is capped at ₹1,000 per cycle.
- Total monthly cashback (including bonus categories) is capped at ₹1,500
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Redemption Process
- The cashback is typically credited directly to your credit card account in the next statement cycle.
- Value is 1 Cashback Point = ₹1.
- Since it is credited as a statement credit, there is no point in expiry to worry about.
Travel & Insurance
- Personal Accident Cover up to ₹2 Lakh.
- Lost Card Liability ₹25,000.
Note:Requires at least one card transaction in the last 30 days to remain active.
Who Should Get This Card?
- Users who spend roughly around ₹20,000 to ₹25,000 online every month.
- Those who prefer cashback as reward over points systems.
- People looking for a secured card (FD-backed) that actually offers competitive rewards.
