Why the FIRST EA₹N, a UPI credit card, is perfect for new earners

Meet Karan, a young professional who recently started his first job. Like many new earners, he’s looking to manage his finances better. Karan is comfortable using UPI for his daily payments, but he’s also interested in building his credit score and earning rewards for everyday spending. That’s when he discovered the FIRST EA₹N Credit Card from IDFC FIRST Bank.

Let’s explore why this UPI credit card could be a perfect fit for someone like Karan, who is just starting their financial journey.

Why the FIRST EA₹N Credit Card makes sense for new earners
 

Designed for beginners like Karan, this UPI credit card combines the following benefits –

1. Ease of use

The FIRST EA₹N Credit Card combines the simplicity of UPI with the benefits of a credit card, making it ideal for young earners. It offers –

a)  The convenience of making UPI payments through a credit card, so you can pay for groceries, rent, or dining out effortlessly

b)  The ability to scan QR codes at over 60 million merchants across India using your smartphone

c)  Secure, PIN-protected transactions, ensuring reliability and peace of mind for first-time credit card users

As a RuPay UPI credit card, it’s uniquely designed to cater to the needs of young professionals, offering the perfect blend of convenience and security. With these features, the FIRST EA₹N Credit Card transforms everyday payments into a seamless and rewarding experience.

2. Credit-building opportunity

A strong credit score opens doors to better financial opportunities down the road. However, many young earners like Karan may not have any credit history yet. The FIRST EA₹N Credit Card is designed with them in mind.

The credit card is secured by a fixed deposit (FD), making it easier to qualify, even without a credit history. This FD-backed structure helps you build credit responsibly, minimising the risk of debt—a smart choice for new earners managing their finances.

Here are some tips to help you build your credit score with the FIRST EA₹N Credit Card –

a)  Always clear the total due amount before the due date to avoid interest charges

b)  Spend only what can be repaid comfortably. Experts recommend keeping utilisation below 30% of the available credit limit

c)  Monitor your spending to avoid unnecessary purchases and ensure all transactions are without budget

3. Cashback system for essential spending

We all love getting rewarded for our purchases, and the FIRST EA₹N Credit Card delivers on this front. The bank’s credit card cashback system offers –

a) Up to 1% cash back on purchases made via the Mobile Banking App

b) Up to 0.5% cashback on UPI payments through credit cards on other apps

c) 25% discount up to ₹100 on movie tickets

Whether Karan is paying for groceries, dining out, or even booking a ride to work, this UPI credit card earns him cashback on essential spending and makes the most of his monthly budget.

4. Low barrier to entry

One of the major barriers for young professionals entering credit is the associated fees and eligibility criteria. However, the FIRST EA₹N Credit Card stands out with its accessible features. It charges a low joining and annual fee of just ₹499 + GST. Moreover, you can even get your joining fee back with the welcome offer that provides 100% cashback up to ₹500 on your first UPI transaction done within 15 days of card creation through any UPI app.

The eligibility criteria for the FIRST EA₹N Credit Card is pretty simple. You must be –

a) An Indian citizen

b) Above the age of 18

c) A minimum FD of ₹5,000 with the bank

With an interest rate starting from just 0.75% per month, this card is not only accessible but also a financially sound choice for those just beginning their careers.

Take charge of your financial future
 

For new earners like Karan, the FIRST EA₹N Credit Card is more than just a UPI credit card—it’s a smart tool for financial independence. Combining the ease of UPI payments with the perks of credit card rewards offers a unique blend of convenience, security, and benefits that align perfectly with the spending habits of young professionals.

So, if you’re starting your financial journey, why not take advantage of the FIRST EA₹N Credit Card? Apply today and unlock a world where credit meets convenience, all while building your financial future.