Home / Business and Economy / IDFC FIRST Bank Debuts FD-Backed Credit Card
IDFC FIRST Bank Debuts FD-Backed Credit Card
16 Feb
Summary
- New credit card is backed by a fixed deposit.
- Aimed at digitally savvy young adults aged 18+.
- Offers cashback on everyday digital payments.
IDFC FIRST Bank has introduced the Hello Cashback Credit Card, a new offering aimed at increasing credit accessibility for digitally native consumers. This card is specifically designed for young adults, aged 18 and older, who predominantly conduct their transactions online and via UPI.
The Hello Cashback Credit Card is uniquely backed by a fixed deposit. This feature allows users to commence establishing their credit history while simultaneously benefiting from a distinct cashback reward system on their routine digital expenditures. The bank emphasizes the card's straightforward cashback proposition on everyday digital spending.
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