IDFC First Bank - Apply for IDFC First Bank Credit Cards

IDFC First Bank is a public Indian Banking company. It was formerly known as

IDFC Bank before its merger with First Bank. The bank’s headquarters are in Mumbai. IDFC First Bank is a part of the IDFC group, which is an integrated infrastructure finance company. It began its operations on the 1st of October 2015. IDFC First got its universal banking license from the RBI in July 2015 and on 6th November it was listed on BSE and NSE.

Company information

Company details:

Founding date: October 2015
Headquarters: Mumbai
Products: Consumer banking, Home loans, Loans against property, Personal loans, Consumer Durable loans, Vehicle loans, Business loans, Micro Enterprise loans, Private banking, Wealth management, Investment banking, Corporate banking, Wholesale banking
Revenue: $46.79 billion as on Q3 FY20
Operating income: $6.82 billion as on Q3 FY20
Parent company: Infrastructure Development Finance Company

In 2014, the RBI gave IDFC Ltd. an in-principle approval to enter in the private sector. After this, IDFC Ltd. divested its assets and liabilities to form a new entity: the IDFC Bank. The bank was launched in November 2015. The bank began its operations on 19th October 2015 with a total of 23 branches in Madhya Pradesh, Mumbai, Delhi, Hyderabad, Kolkata, Bangalore, Chennai, Pune, and Ahmedabad. 15 branches were opened in areas having less than 10000 population.

IDFC Bank and Capital First merged in January 2018.

The bank’s business focus

IDFC First serves private and corporate customers in the country, including the infrastructure sector which IDFC has a specialization in since its very beginning. The bank aims to give services to the rural areas of the country too, as well as to the growing numbers of self-employed people. The bank’s operations are only within India.

Products

Credit Cards

FIRST Millennial Credit Card

• 10X Reward Points on all Spends above Rs.20,000
• 6X Reward Points on Online Spends
• 3X Reward Points on all Offline Spends
• Your reward points are not capped and they don’t expire, ever!
• 10X Rewards on all spends done on your Birthday
• 1X = 1 Reward Point per Rs. 100 spent | 1 Reward Point = 0.25
  

FIRST Classic Credit Card

• 10X Reward Points on all Spends above Rs.20,000
• 6X Reward Points on Online Spends
• 3X Reward Points on all Offline Spends
• Your reward points are not capped and they don’t expire, ever!
• 10X Rewards on all spends done on your Birthday
• 1X = 1 Reward Point per Rs. 100 spent | 1 Reward Point = 0.25
  

FIRST Select Card

• 10X Reward Points on all Spends above Rs.20,000
• 6X Reward Points on Online Spends
• 3X Reward Points on all Offline Spends
• Your reward points are not capped and they don’t expire, ever!
• 10X Rewards on all spends done on your Birthday
• 1X = 1 Reward Point per Rs. 100 spent | 1 Reward Point = 0.25
  

FIRST Wealth Card

• 10X Reward Points on all Spends above Rs. 20,000
• 6X Reward Points on Online Spends
• 3X Reward Points on all Offline Spends
• 10X Rewards on all spends done on your Birthday
• 1X = 1 Reward Point per Rs. 100 spent | 1 Reward Point = Rs. 0.25