IDFC FIRST Bank Business Multiplier Credit Card

Lounge access

• 8 complimentary airport lounge accesses per year: domestic (once a quarter) and international (once a quarter), on spending ₹20,000 or more in the previous calendar month.
• International lounge access via DreamFolks card at no additional charge.

Verified · Business Multiplier Credit Card product page · 2026-07-30 · source

Forex markup

Zero Forex Markup (compared to industry-standard of 3-3.5%).

Verified · Business Multiplier Credit Card – Official Communication / Card Update (May 2026) · 2026-07-30 · source

Charge

• Finance/interest charge: 1% p.a. (low interest rate stated).
• Overdue interest Monthly 3.99% / Annual 47.88%.
• Cash advance transaction fee ₹199.
• Late payment charges 15% of Total Amount Due (min ₹100, max ₹1,250).
• Over-limit charges 2.5% of over-limit amount (min ₹500).
• Return of cheque/Auto Debit/Payment Return ₹250.
• Reward Redemption Fee ₹99 per redemption transaction.
• EMI Processing Fee 1% of transaction value (min ₹99).
• Rent/Property Management (MCC 6513) 1% + GST on total transaction amount (effective 3rd March 2023).
• GST at 18% on all fees, interest and other charges.

Verified · MITC – Retail Credit Cards (Customer) · 2026-07-30 · source

Interest-free period

• Up to 45 days interest-free credit.
• Interest-free (grace) period shall not exceed 48 days.

Verified · MITC – Retail Credit Cards (Customer) · 2026-07-30 · source

Reward cap

• Rewards are earned for spends up to your credit limit per billing cycle.
• Additional spends beyond this will not be eligible for reward points (effective 18th June 2026).

Verified · Business Multiplier Credit Card – Official Communication / Card Update (May 2026) · 2026-07-30 · source

Hotel benefit

Bonus Reward Points on travel bookings via IDFC FIRST Bank Mobile App: 30% Bonus Reward Points on hotel bookings and 17.5% Bonus Reward Points on flights, over and above applicable base rewards.

Verified · Business Multiplier Credit Card – Official Communication / Card Update (May 2026) · 2026-07-30 · source

Travel benefit

• Cancellation for Any Reason (CFAR) insurance coverage of up to ₹25,000 covering cancellation charges on flight and hotel bookings.
• Up to two cancellation claims in a year.

Verified · Business Multiplier Credit Card product page · 2026-07-30 · source

Insurance

Complimentary 24/7 Roadside Assistance cover of up to ₹1,399, four times every year.

Verified · Business Multiplier Credit Card product page · 2026-07-30 · source

Eligibility

• FD-backed card.
• Available against a Fixed Deposit starting ₹50,000.

Verified · Business Multiplier Credit Card product page · 2026-07-30 · source