IDFC FIRST Bank has launched the Business Multiplier Credit Card, a first-of-its-kind FD-backed metal business credit card designed specifically for founders, entrepreneurs, and business owners.
The newly introduced Business Multiplier Credit Card aims to support operational spending while helping businesses maintain a clear separation between personal and business expenses.
Announced on May 14, 2026, the premium metal card displays both the business name and the cardholder’s name, reinforcing its business-centric positioning.
The Business Multiplier Credit Card comes with a dedicated credit limit for business-related expenses and is backed by Fixed Deposits, enabling businesses to access assured credit limits while building a stronger credit profile.
The Business Multiplier Credit Card can be used across multiple operational categories including office supplies, SaaS subscriptions, digital marketing spends, business travel, equipment purchases, employee reimbursements, inventory procurement, and international vendor payments.
According to the bank, the Business Multiplier Credit Card has been developed to help businesses improve cash flow management through real-time expense visibility, assured credit availability, reward benefits, and zero forex markup on international transactions.
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Key Features of Business Multiplier Credit Card
- Flexible Credit for Business Cash Flow
The Business Multiplier Credit Card offers up to 45 days of interest-free credit. Thereafter, balances carried forward attract a market-leading monthly interest rate of 1%.
- Zero Forex Markup and Global ATM Access
The Business Multiplier Credit Card provides 0% forex markup on international transactions and interest-free global ATM cash access, eliminating the need for carrying foreign currency or prepaid travel cards during overseas travel.
- Accelerated Rewards on Business Spending
Cardholders can earn up to 10 reward points for every ₹200 spent across key business categories using the Business Multiplier Credit Card.
- Travel Benefits and Bonus Rewards
The Business Multiplier Credit Card includes access to the IDFC FIRST travel ecosystem, offering bonus rewards value-back of 7.5% on hotel bookings and 4.4% on flight bookings.
- Pay by Rewards
The Business Multiplier Credit Card allows customers to redeem reward points for online purchases through the Pay by Rewards feature.
- Complimentary Lounge Access
Cardholders receive eight complimentary domestic and international airport lounge visits annually upon spending a minimum of ₹20,000 in the previous calendar month using the Business Multiplier Credit Card.
- Travel Protection Cover
The card includes a ₹25,000 trip cancellation cover available twice every year.
- UPI Integration for Vendor Payments
Businesses can make vendor payments seamlessly through UPI integration available on the card.
- Employee Spending Controls
The Business Multiplier Credit Card enables businesses to issue employee cards with spending controls while tracking all expenses through a consolidated statement.
- FD-Backed Credit Limit
Customers receive a 100% credit limit against the value of the linked Fixed Deposit under the Business Multiplier Credit Card program.
- Instant Credit Limit Enhancement
Users can instantly increase their credit limit by creating and linking an additional Fixed Deposit through the IDFC FIRST Bank mobile application.
- Fees and Eligibility
The card is available against a Fixed Deposit starting from ₹50,000. The card carries a joining fee of ₹1,000 and an annual fee of ₹1,000. However, the annual fee is waived on annual spends exceeding ₹5 lakh.
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Shirish Bhandari said: “Many growth-stage businesses still rely on debit or retail cards for operational spending.
The FD-backed Business Multiplier Metal Credit Card gives them a purpose-built alternative – flexible access to working capital, zero forex markup for global payments, rewards on everyday business spends, and the confidence of a premium metal form factor as they scale.”
