Offer Details:

• 5% cashback up to Rs. 1000/- on single minimum transaction value of Rs. 10,000/- and above.
• Offer is not applicable on 3m and 6m tenure.
• Offer is only applicable on EMI booked through IDFC First Bank Mobile App & Web and Customer Care.
• First EMI transaction within 90 days of card creation will not be eligible for this offer.
• Offer is only applicable on Electronics category spends (MCC- 5732; 5722; 5734) converted to EMI.
• Cashback will be posted within 90 days after offer end date. Only live EMIs will be eligible for the cashback.

Other TnCs:

• A transaction value of Rs.2500 and above can be converted into EMI.
• EMI amount will be part of Minimum Amount Due payable by the cardholder during the EMI tenure.
• Processing fee of 1% of transaction value (Minimum Rs.99) plus GST as applicable will be charged in the first statement generated after the transaction is converted into EMI. Processing fee will be a part of Minimum Amount Due (MAD) in Credit Card statement. You have to make the payment of Minimum Amount Due (MAD) to avoid charges.
• Once the EMI tenure has been chosen by the customer, it cannot be changed.
• The first EMI will be billed in the statement following your upcoming statement.
• Transactions converted to EMI are not eligible for Reward Points.
• Transactions done on Electronics repair are not eligible for EMI conversion.
• Interest is calculated on a reducing method basis. For details refer repayment schedule.
• In case you wish to cancel the above EMI, you may please contact Customer Care within 7 days of EMI conversion. Alternatively, you may also raise a request through the IDFC First App under Credit Card section.
• If the cancellation request is within 7 calendar days from the date of EMI conversion, then foreclosure fee will be charged @3% of the outstanding principle amount of EMI along with the cycle interest will be charged to the card. Cycle interest is the rate of interest applicable for period between last statement date and date of foreclosure.
• In the case of EMI foreclosure, entire outstanding principle will be debited to account and will be due by next due date. Processing fee if levied at the time of booking will not be reversed in case of EMI foreclosure.
• In case of transaction reversal/cancellation/refund, customer has to contact bank for EMI cancellation.
• In case EMI conversion is done after the statement generation, customer has to still make the payment of Minimum Amount Due (MAD) to avoid charges.
• EMI has to be foreclosed if cardholder wishes to close the card account during the EMI tenure. In such scenario above statements pertaining to EMI foreclosure will apply.
• In the event only credit card is blocked with the customer’s account and/or other card remaining active prior to the completion of loan tenure, loan initial interest amount and/or EMI(s) will still continue to be billed in the monthly statement and shall be included as a part Minimum Amount Due.
• Bank reserves the right to foreclose the loan and debit the entire outstanding amount in case customer defaults on two consecutive billing cycles. In such scenarios above statements pertaining to EMI foreclosure will apply.
• GST (as per Govt. notification) will be applicable on Interest, Processing fee and Foreclosure charges and will be billed separately along with respective charges.
• No request for change in billing cycle shall be processed during the EMI tenure.
• EMI facility should be at the sole discretion of the bank and is subject to performance on credit card.
• Any payment made to the credit card account over and above the initial interest amount or EMI shall not be deemed as closure of said facility. In the event of a transaction being partially/fully cancelled/disputed, the EMI facility availed on it will continue, unless a pre closure request is made by the customer.
• The bank will share credit information with credit bureau, including but not limited to. Instalment loans taken on credit card.
• The terms and conditions contained in the Card Member Agreement will apply over and above the terms and conditions of this loan.
• Any dispute pertaining to the aforementioned loan shall be subject to exclusive jurisdiction of the courts of Mumbai.