New FD-backed Hello Cashback Card from IDFC FIRST Bank: Features, eligibility, benefits, and other details

IDFC FIRST Bank has launched the Hello Cashback Credit Card, a fixed-deposit-backed offering designed to make credit more accessible for digitally savvy customers, especially young adults aged 18+ with online-first and UPI-led spending habits. The card allows customers to start building their credit history while offering a differentiated cashback proposition on everyday digital payments.

Key features & cashback structure

• 5% cashback on online spends above ₹10,000

• 3% cashback on online spends up to ₹10,000

• 1% cashback on in-store, contactless, and UPI transactions

• The 1% cashback also extends to essential categories such as utilities, education, and insurance.

Joining fee: ₹1,000 (waived until March 31, 2026)

Annual fee: ₹1,000 (waived if annual spends exceed ₹2,00,000 in the previous year)

Benefits of the Hello Cashback Credit Card

• Everyone is eligible.

• Up to 5% Cashback on Online Spends:

3% cashback on online spends up to ₹10,000 per statement cycle

5% cashback on incremental online spends beyond ₹10,000

• Cashback on online spends capped at ₹1,000 per statement cycle; no merchant restrictions.

• 1% Cashback across In-store, UPI & Essential Spends:

Includes utilities, education, insurance, FASTag recharge, railway bookings, government payments, rent, jewellery, wallet & gift card loads.

• Bonus Cashback on Travel Bookings:

Additional 1% bonus cashback on flight and hotel bookings via the IDFC Bank app (total up to 6%).

Monthly Cashback Cap: ₹1,500 across all categories per statement cycle.

• One Fixed Deposit, Two Returns: Earns interest and powers cashback on every card spend.

• 100% FD-Linked Credit Limit: Credit limit equal to 100% of fixed deposit value.

• Access to FD Funds via Card:

ATM withdrawal limit up to 100% of FD value

Interest-free up to 45 days, with a nominal ₹199 + GST withdrawal fee.

• Instant Credit Limit Enhancement: Link additional FDs to increase credit limit instantly.

• Built-In Safety & Convenience: Includes insurance covers, purchase protection, lost card liability, roadside assistance, and 1% fuel surcharge waiver.

Fees & Eligibility