FD-backed, lifetime free
IDFC FIRST Quantum+ Credit Card
A lifetime-free cashback card backed by a ₹10,000 FD: 1% back online (2% above ₹10,000 a month), 1% on UPI in the IDFC FIRST app, and 0% forex markup.
Joining feeFree
Annual feeLifetime free
Fee waiverNot needed
SecurityFD of ₹10,000
LoungeNone
Forex markup0%
Best for: People building credit who want simple cashback and no fees.
Rewards and cashback
| Where you spend | You earn | Limit |
|---|---|---|
| Online spends above ₹10,000 a month | 2% cashback | ₹500 a cycle in total |
| Online spends up to ₹10,000, UPI in the IDFC FIRST app, in-store | 1% cashback | Shared ₹500 |
| Utilities, rent, jewellery, wallets, insurance, government | 0.5% cashback | Shared ₹500 |
| Cash withdrawals, EMI, UPI through other apps | Nothing | – |
- Hotels and flights booked in the IDFC FIRST app get 1% extra.
Benefits
Welcome benefit
- No welcome benefit listed.
Milestones
- None.
Travel and lounges
- No lounge access.
Fuel and forex
- 0% forex markup.
Other perks
- Personal accident cover of ₹2 lakh
Fees and charges
| Joining fee | Free |
|---|---|
| Annual fee | Lifetime free |
| Security | Fixed deposit of ₹10,000 |
| Interest | Up to 3.99% a month |
GST at 18% applies on fees. Banks change charges from time to time; the bank’s own terms are final.
Who can apply
- Needs an IDFC FIRST fixed deposit
- Open to new-to-credit applicants
You will usually need PAN, Aadhaar or address proof, and income proof (salary slips or ITR). A credit score of 750 or more improves your chances.
Pros and cons
What we like
- No fees
- Cashback on UPI
- 0% forex markup
Watch out for
- Low ₹500 cashback cap
- No lounges
- Money locked in an FD
Recent changes
- Sep 2026Forex markup cut to 0% across IDFC FIRST cards.
Frequently asked questions
Do I need income proof for Quantum+?
No, it is backed by a ₹10,000 fixed deposit.
Ready to apply for the IDFC FIRST Quantum+ Credit Card?Applying takes about 10 minutes online. Approval depends on the bank.
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Sources: Paisabazaar. Details checked on 23 Oct 2026. For information only, not financial advice; always read the bank’s most important terms (MITC) before applying.