First-of-its-kind Metal Business
Card backed by Fixed Deposit
Mumbai, May 14th, 2026 :
IDFC FIRST Bank unveiled the FD-backed Business Multiplier Metal Credit Card
for founders, entrepreneurs and business owners. Designed to support everyday
operational needs, the premium metal card displays both the business name and
the cardholder’s name, reinforcing its business use. With a dedicated credit
limit for business expenses, the Business Multiplier Credit Card can help keep
business and personal spend separate.
It can be used across a wide range of expenses including office
supplies, digital marketing spends, SaaS subscriptions, business travel,
equipment purchases, inventory procurement, international vendor payments, and
employee reimbursements.
Backed by assured credit limits linked to Fixed Deposits, along with
rewards on key business categories, real-time visibility into spending, and
zero forex markup on international transactions, the card helps businesses
manage cash flow more efficiently, improve expense tracking, and build a
stronger credit profile over time.
Key benefits designed to support business growth
- Flexible credit for business cash flow – Up to 45 days interest-free credit, followed by a
market-leading 1% monthly interest rate for balances carried forward. - Huge savings on forex with 0% Forex Markup and Interest-Free Global ATM cash access.
There is no longer a need to carry foreign currency notes and travel
cards. - Accelerated rewards on business expenses – up to 10 reward points for every ₹200 spent on key business
categories. - Hyper-accelerated rewards on travel– Exclusive access to highly rewarding IDFC FIRST travel
ecosystem offering bonus rewards value-back of 7.5% on hotels and 4.4% on
flights. - Pay by Rewards for all online purchase.
- 8 Complimentary Lounge access every year for domestic and international travel on minimum spends of
₹20,000 in the previous calendar month - Travel Protection: A dedicated ₹25,000 Trip Cancellation Cover twice a year
- Pay vendors seamlessly using UPI with built-in UPI feature
- Premium Metal card for businesses reflecting the stature of founders and owners.
- Complete visibility and control on team
spending Issue employee cards with spending
controls and track all expenses through a single
consolidated statement. - Full credit limit equal to Fixed Deposit
value with 100% credit limit against Fixed
Deposit. - Instantly increase your credit limit
anytime by creating and linking a Fixed
Deposit through the IDFC FIRST Bank app
Available against a Fixed Deposit starting ₹50,000, this premium metal
card carries a joining fee of ₹1,000 and an annual fee of ₹1,000. The annual
fee is waived upon annual spends of ₹5 lakhs.
Speaking on the launch, Mr. Shirish Bhandari, Head – Cards,
Payments and Loyalty at IDFC FIRST Bank, said, “Many growth-stage
businesses still rely on debit or retail cards for operational spending. The
FD-backed Business Multiplier Metal Credit Card gives them a purpose-built
alternative – flexible access to working capital, zero forex markup for global
payments, rewards on everyday business spends, and the confidence of a premium
metal form factor as they scale.”
How to apply: Eligible customers can apply through the IDFC
FIRST Bank mobile app or https://www.idfcfirst.bank.in/credit-card/business-multiplier-credit-card
About the Bank
- Vision: To build a world-class Bank in India, founded with
principles of Ethical, Digital, and Social Good Banking. - Scale: IDFC
FIRST Bank is one of India’s fast-growing private banks, building its UI,
UX, and tech stack like a fintech. As of March 31, 2026, the Bank serves
38 million customers, with a customer business of Rs. 5,74,731 crore
($62.9b) comprising customer deposits of ₹2,84,453 crore ($31.1b) and
loans & advances of ₹2,90,278 crore ($31.8b). Customer deposits grew
17.3% YoY and loans 20.0% YoY. We reach over 60,000 cities, towns, and
villages, operate through 1,147 branches. - Scope: We
are a universal Bank offering complete range of services, including
Retail, MSME, Rural, Startups, Corporate Banking, Cash Management, Credit
Cards, Wealth Management, Deposits, Government Banking, Working Capital,
Trade Finance, and Treasury solutions. - Ethical Banking: We are committed to doing right even when customers are not
watching. We have simplified descriptions, calculations, and legal jargon
to avoid confusing customers. - Digital Banking: The Bank’s modern technology stack delivers high-quality
services across all channels like mobile, branch, internet banking, call
centers and relationship managers. Built on cloud-native, API-led,
microservices architecture, supported with data, analytics,
AI, and fine aesthetics, we strive to deliver fintech-grade
experiences on banking platform. - Social Good: We
work for society. We have impacted over 40 million lives including 3.6
million women entrepreneurs. We have financed over 7.5 million lifestyle
improvement loans (for laptops, washing machines, refrigerators etc. that
enhance the quality of life of middle class), 2.5 lakh electric 2W and 3W
vehicles, 2.7 lakh water, sanitation, and hygiene loans, 2 million
livelihood (cattle) loans, and 300,000+ SMEs. On deposits, we provide
access of premium investment research, which is usually reserved for the
wealthy, even to those holding balances as low as ₹5,000. Our ESG scores
are high and improving. - Customer Friendly Banking: We make banking easy by having a customer first
approach. We have waived fees on 36 essential savings account
services which are commonly charged in the market, the first and only bank
in India to do so. We create “pull” products that customers actively seek
out. - Governance: We
adhere to regulatory guidelines in letter and spirit and
actively work with regulators to make things better. We take pride in
maintaining highest levels of corporate governance. - Shareholders: We
are building a well-diversified universal banking portfolio designed
to deliver consistent ROE of 16%+. - Employees: IDFC FIRST Bank is designed to be a happy place to work,
with cutting-edge roles, meaningful growth opportunities, and a culture of
meritocracy. Compensation is healthy, efforts are recognized, and
employees experience the pride and excitement of creating a
world-class Bank in India.
