IDFC FIRST Bank launches FD-backed metal credit card for biz owners
2 min readIDFC FIRST Bank announced on Friday the launch of a Fixed Deposit‑backed Business Multiplier Metal Credit Card aimed at founders, entrepreneurs and business owners.
Featuring a dedicated credit limit for business expenses and showing both the company name and the cardholder’s name, the card enables a clear separation of business and personal spending, according to the bank’s statement.
The bank added that the card supports more efficient cash‑flow management, better expense tracking, and gradual strengthening of the credit profile.
According to the bank, the card is offered against a Fixed Deposit of ₹50,000 or more, providing a credit limit equal to the FD amount. It carries a joining fee of ₹1,000 and an annual fee of ₹1,000, which is waived when yearly spending reaches ₹5 lakh.
Shirish Bhandari, Head of Credit Cards, FASTag & Loyalty at IDFC FIRST Bank, commented, “Many growth‑stage businesses still use debit or retail cards for day‑to‑day expenses. Our Metal Credit Card provides a tailored solution—flexible working‑capital access, no foreign‑exchange markup on international payments, and rewards on routine business spends.”
Published on May 15, 2026
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