Find my best card →
faayda.com › cards › IDFC FIRST Quantum+ Credit Card
IDFC FIRST Bank · RuPay · हिन्दी

IDFC FIRST Quantum+ Credit Card: full review

The IDFC FIRST Quantum+ is the better of IDFC's two beginner FD-backed cards for anyone who will actually spend: a ₹5,000 deposit unlocks a lifetime-free card with a flat 1% cashback and zero forex markup. The ₹500 monthly cashback cap means it suits modest spenders best, and it is a stepping stone toward a stronger card once you have built a credit history.

Apply now ↗Annual fee: Lifetime free
Last updated: October 2026 · Current terms verified
IDFC FIRST BANK
RuPay
)))
QUANTUM+
ASHOK KUMAR
12/28
Lifetime free (requires ₹5,000 minimum Fixed Deposit)Annual fee
1% cashback on offline, online and UPI spends via the IDFC FIRST app; 2% on online spends above ₹10,000 per statement cycle; 0.5% on utility, rent, wallet, insurance, jewellery and government spends; 1% bonus cashback on flights and hotels booked in the IDFC FIRST app. Total cashback is capped at ₹500 per statement cycle. 1 cashback = ₹1Reward structure
NoneLounge access
Lifetime free: zero joining fee and zero annual fee, with no spend conditionCredit limit equals 100% of your Fixed Deposit, and the FD itself keeps earning interest (up to 6.5% a year)1% cashback on offline, online and UPI spends via the IDFC FIRST app, paid as real rupees (1 cashback = ₹1)2% cashback on online spends above ₹10,000 in a statement cycle1% extra bonus cashback on flights and hotels booked through the IDFC FIRST Bank appZero forex markup on international spendsComplimentary insurance: ₹25,000 card liability cover, ₹2,00,000 personal accident cover, ₹50,000 credit shield and ₹25,000 purchase protection (card must be used at least once in the last 30 days)RuPay variant: linkable to UPI apps for credit card payments
Apply now ↗ Min. income: No income proof required (FD-backed) · Credit score: No credit history required
Pros and cons
Pros
✓ Lowest entry barrier we track: a ₹5,000 FD is enough, against ₹20,000 for the IDFC FIRST WOW
✓ Flat 1% cashback is double the WOW reward rate, and it is real cashback rather than points
✓ No credit history or income proof needed, with Video KYC onboarding
✓ Zero forex markup on a lifetime-free card
✓ Your FD keeps earning interest while it secures the card
Cons
✗ Total cashback is capped at ₹500 per statement cycle, which a flat 1% reaches at roughly ₹50,000 of spend, so heavy spenders outgrow it quickly
✗ Cashback is forfeited for the whole cycle if the minimum amount due is not paid by the due date
✗ The bonus 1% on travel posts a cycle late, is lost if the booking is cancelled, and counts towards the same ₹500 cap
✗ EMIs, ATM cash withdrawals and UPI spends through third-party apps earn nothing, and utility, rent, wallet, insurance, jewellery and government spends earn only 0.5%
✗ The fair usage clause lets the bank claw back cashback, recovering it from your FD if needed, for resale, business use or round-tripping
✗ No lounge access, fuel surcharge waiver or welcome bonus
✗ Requires locking money in a single-holder FD with the bank for as long as you hold the card
Quick facts
Issuer IDFC FIRST Bank
Network RuPay
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → Lifetime free (requires ₹5,000 minimum Fixed Deposit)
Joining feeA one-time fee charged when you first get the card, separate from the recurring annual fee.Full definition → ₹0
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → None
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 0%
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → No income proof required (FD-backed)
Min. credit scoreYour 3-digit credit score (300-900), higher scores make approval easier and can unlock better cards.Full definition → No credit history required
SourceIDFC FIRST Bank's published card terms and official card page · Last updated October 2026
Calculate your annual benefit

Enter your typical monthly spend to see exactly how much you'd earn with this card.

₹
₹
₹
₹
₹
₹
Enter your monthly spend above to see your benefit
Frequently asked questions
The annual fee for IDFC FIRST Quantum+ Credit Card is Lifetime free (requires ₹5,000 minimum Fixed Deposit). This card is lifetime free with no annual fee.
1% cashback on offline, online and UPI spends via the IDFC FIRST app; 2% on online spends above ₹10,000 per statement cycle; 0.5% on utility, rent, wallet, insurance, jewellery and government spends; 1% bonus cashback on flights and hotels booked in the IDFC FIRST app. Total cashback is capped at ₹500 per statement cycle. 1 cashback = ₹1
IDFC FIRST Quantum+ Credit Card is best for First credit card for anyone with no credit history who wants a lifetime-free, FD-backed card with a flat 1% cashback and a very small deposit. The IDFC FIRST Quantum+ is the better of IDFC's two beginner FD-backed cards for anyone who will actually spend: a ₹5,000 deposit unlocks a lifetime-free card with a flat 1% cashback and zero forex markup. The ₹500 monthly cashback cap means it suits modest spenders best, and it is a stepping stone toward a stronger card once you have built a credit history.
The minimum income requirement for IDFC FIRST Quantum+ Credit Card is No income proof required (FD-backed). A minimum credit score of No credit history required is also recommended.
IDFC FIRST Quantum+ Credit Card does not offer airport lounge access.
IDFC FIRST Quantum+ Credit Card charges a 0% foreign currency markup on international transactions. This is one of the best forex rates in India.
Related guides
Best Lifetime Free Credit Cards →Best Credit Cards for Students →
Card reviews
Roarbank RuPay Credit CardNew-to-credit users who want a lifetime-free RuPay UPI card with a built-in savings account, and who will actively pick and track their monthly cashback categoriesDCB novio Select Credit CardFirst-time credit users or those with no credit history wanting genuine lounge access on an FD-secured card, specifically via the Select variantYES Bank POP-Club Credit CardFrequent online/e-commerce shoppers willing to actively redeem within the POP Club app's voucher ecosystem, not simply looking for flat, flexible cashbackSBM ZET Credit CardFirst-time credit users or those with a low/no credit score wanting a genuine, no-income-proof path to building a 750+ credit history via an FD-backed card
Compare with similar cards
IDFC FIRST Quantum+ vs IDFC FIRST WOW Compare →
Embed this card
Add this widget to your site
Writing a review or comparison for the IDFC FIRST Quantum+ Credit Card? Embed this live widget. It always shows our current, verified fee and reward rate, so it never goes stale.
Live preview
<iframe src="https://faayda.com/embed/idfc-quantum-plus"
  width="420" height="260"
  frameborder="0"></iframe>
No sign-up · Free to use
IDFC FIRST Quantum+Lifetime free
Apply now ↗