IDFC First
IDFC First Quantum+ Credit Card
The Quantum+ Credit Card by IDFC FIRST Bank is a lifetime free, FD-backed credit card starting at FD of just ₹5,000. Earn up to 2% cashback on everyday spends while building your credit profile.
CashbackBest for Everyday spends
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Highlights
Main benefits
- Minimum FD: ₹5,000.
- Credit limit: 100% of your FD amount.
- Joining fee: ₹0.
- Annual fee: ₹0 — lifetime free.
- Minimum age: 18 years.
- Income proof: Not required.
- Credit history: Not required to apply.
- Cashback: Up to 2% on eligible online spending.
- UPI payments: Available on eligible RuPay credit card transactions.
- Forex markup: 0% on international spends.
- Airport lounge access: Not listed among the card's advertised benefits.
- FD interest: Your FD continues earning interest while backing the card.
Fees
Fees and charges
Joining fee
Zero
Renewal fee
Zero
Annual fee waiver
NA
Who can apply
Eligibility
Age: 18 to 80 years
Indian resident
Minimum fd amount ₹5000
Aadhar and physical PAN card
Checklist
Documents required
No income proof
Only Aadhar and physical pan card
Process
How to apply
Apply online only, its digital video based kyc.
Value
Reward and cashback structure
Reward rate
No specific conversion rate.
Cashback
2% Cashback on online spends above ₹10,000 in a statement cycle.
1% Cashback on online spends up to ₹10,000 in a statement cycle.
1% Cashback on UPI Scan & Pay done through IDFC FIRST Bank Mobile App.
Good fit
Pros
- Lifetime free: No joining or annual fee.
- Low entry barrier: You can start with an FD of ₹5,000.
- No income proof required: Suitable for students and people without a salary.
- Build credit history: Responsible usage and timely payments can help establish your CIBIL score.
- Cashback on online purchases:
- 1% on online spends up to ₹10,000 per statement cycle.
- 2% on incremental eligible online spends above ₹10,000.
- Cashback on offline purchases: 1% on eligible in-store spending.
- UPI cashback: 1% on eligible UPI Scan & Pay transactions made through the IDFC FIRST Bank app.
- FD continues earning interest: You can earn FD interest while using the credit card.
- International transactions: Zero forex markup.
- Instant virtual card: The virtual card can be issued after successful application, allowing you to start using it online.
Watchouts
Cons
- Your FD is locked as security: The bank marks a lien on the FD, restricting access to the secured amount.
- Low starting credit limit: A ₹5,000 FD gives you a ₹5,000 credit limit.
- No advertised airport lounge access: Not suitable if lounge visits are a priority.
- Cashback cap: Maximum ₹500 cashback per statement cycle across eligible categories.
- Limited UPI cashback: Third-party UPI app transactions do not qualify for the advertised 1% cashback.
- Fuel benefits may be limited: Don't assume a fuel surcharge waiver is available; check the latest Quantum+ terms before applying.
- Some categories earn less: Select categories, including utilities, insurance, rent, wallet loads and government services, earn only 0.5% cashback.
- Cashback has a payment condition: You must pay at least the minimum amount due by the due date to receive the cashback for that statement cycle.
Related
Related cards
Compare
Compare Cards
| Field | IDFC First Quantum+ Credit Card | HDFC Millennia Credit Card |
|---|---|---|
| Bank/provider | IDFC First | HDFC Bank |
| Joining fee | Zero | ₹1000 |
| Renewal fee | Zero | ₹1000 |
| Best for | Everyday spends | Online shopping, Cashback seekers, Swiggy/Zomato/Amazon/Flipkart users |
| Reward rate | No specific conversion rate | 1% cashback on most other eligible spends |
| Cashback |
| 5% CashBack on leading brands - Amazon, Flipkart, Myntra, Tata CLiQ, Swiggy, Zomato, Uber, BookMyShow, Sony LIV and Cult.fit |
| Lounge access | No | Quarterly spend-based Domestic Airport Lounge Access |
| Fuel surcharge waiver | 1% waiver | 1% fuel surcharge waiver |
| Welcome benefit | Get ₹250 reward when opening through cashkaro | Flat ₹1100 rewards when applied through cashkaro |
| Annual fee waiver condition | NA | Spend over ₹1,00,000 in a year before renewal to get your Credit Card fee waived |
| Eligibility |
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|
| Apply link | Apply Now | Apply Now |
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