Credit Card to Improve Credit Score

 

Credit Card to Improve Credit Score

 

  IDFC First Bank has introduced the Hello Cashback Credit Card.

  Designed for individuals who want to improve their credit score and for first-time credit card users.

  Especially suitable for customers who frequently use digital payments and UPI transactions.

  It is a secured credit card issued against a Fixed Deposit (FD).

  Minimum FD deposit required: ₹10,000.

  The credit limit is based on the amount kept in the fixed deposit.

  Ideal for people without income proof or with a low/limited credit history.

  Timely repayment of dues can help improve your credit score.

  Application fee: ₹1,000.

  Annual fee: ₹1,000.

  Application fee is waived if you apply before March 31.

  Annual fee is waived if annual spending exceeds ₹2 lakh.

  3% cashback on online shopping spends up to ₹10,000 per month.

  Up to 5% cashback on spends beyond ₹10,000 per month.

  Option to withdraw funds against the fixed deposit for emergency needs.

  No interest charged for up to 45 days on the withdrawn amount.

  Overall, it is a useful option for beginners and those looking to build or rebuild their credit profile while earning cashback benefits.