IDFC First Bank

Managing day-to-day expenses and cash flow often becomes a major challenge for small and fast-growing businesses. Many business owners still spend their business expenses through their personal cards or debit cards, due to which the accounting of personal and business expenses gets confused.

Keeping this problem in mind, IDFC First Bank has launched FD-based Business Multiplier Metal Credit Card. This premium metal card has been specially designed keeping in mind the needs of founders, startups, entrepreneurs and small businessmen.

Business name will be visible on the card

The special thing about this new card is that along with the name of the cardholder, the name of the business will also be printed on it. This will strengthen your professional identity and make it easier to manage business transactions in a different way. Apart from this, a separate business credit limit will be given in the card, which will make it easier to keep personal and business expenses separate.

You will get benefit on business related expenses

This card can be used for many business purposes like office supplies, digital marketing, software subscription, business travel, international payments and employee expenses. The card provides interest-free credit facility for 45 days. At the same time, 0% forex markup will also be available on international transactions, which will make it cheaper to make payments abroad. Apart from this, customers will also get the benefit of more reward points in UPI payment and business categories.

Start with FD of just Rs 50 thousand

This credit card can be started with a fixed deposit of Rs 50,000. The bank is claiming to give credit limit up to 100% of the FD value on the card. The joining and annual fee of the card has been kept at Rs 1,000. However, if the customer spends Rs 5 lakh in a year then this fee will be waived.

According to Shirish Bhandari, Head of Cards, Payments and Loyalty Department, IDFC First Bank, this card has been designed for those businessmen who need more flexibility, better payment experience and strong credit support in their business.

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