Welcome Offer Terms & Conditions

Offer Details:

• Customers will get 5% cashback up to Rs. 1,000 on converting their IDFC FIRST Bank Credit Card transaction to EMI. 

• This offer is applicable only on first EMI conversion within first 30 days of card generation.

• Offer can be availed by customers who have never converted transaction to EMI before.  

• Eligible customers will receive cashback within 90 days of the offer end date.

• The mentioned offer is applicable on EMI booked through IDFC FIRST Bank Mobile App, Web & Call Center. 

• This offer cannot be availed in combination with any other offer on your IDFC FIRST Bank Credit Card.

• If any of the transactions are reversed/canceled/foreclosed by the cardholder or merchant, that EMI transaction will be excluded. Similarly for any disputed transaction by the cardholder, that EMI transaction will be excluded.

Other TnCs

• A transaction value of ₹2,500 and above can be converted into EMI. 

• EMI amount will be a part of Minimum Amount Due payable by the cardholder during the EMI tenure.

• Processing fee of 1% of transaction value (Minimum ₹99) plus GST as applicable will be charged in the first statement generated after the transaction is converted to EMI. Processing fee will be a part of Minimum Amount Due (MAD) in credit card statement. You must 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 done on Gold & Jewelry are not eligible for EMI conversion.

• If the customer is delinquent at the time of offer fulfilment, that customer will not be eligible for the final offer.

• Interest is calculated on a reducing method basis. For details, please refer repayment schedule.

• In case you wish to cancel the above EMI, you may please raise a request through the IDFC FIRST App under Credit Card Section. Alternatively, you may also contact customer care. 

• If the EMI is cancelled, then foreclosure fee will be charged @ 3% of the outstanding principal amount of EMI along with the cycle interest will be charged to the card. Cycle interest is rate of interest applicable for period between last statement date and date of foreclosure.

• In case of EMI foreclosure, the entire outstanding principal will be debited to account and will be due by the next due date. The 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 must contact bank for EMI cancellation. Transaction reversal/cancellation/refund does not result in automatic EMI closure.

• In case EMI conversion is done after the statement generation, customer must still make the payment of Minimum Amount Due (MAD) to avoid charges.

• EMI must be foreclosed if cardholder wishes to close the card account during the EMI tenure. In such scenario above terms and conditions pertaining to EMI foreclosure will apply. 

• In the event only credit card is blocked with 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 continue to be billed in the monthly statement and shall be included as a part of 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 scenario above terms and conditions 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 a 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 to be payment towards the amount availed under EMI facility and shall not be deemed as closure of said facility. In the event of a transaction being partially or 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.

• Any disputes pertaining to aforementioned loan shall be subject to exclusive jurisdiction of the courts of Mumbai.

• All taxes, duties, levies or other statutory dues and charges payable in connection with the offer shall be borne solely by the Customer and the Bank will not be liable in any manner whatsoever for any such taxes, duties, levies or other statutory dues and charges

• The Bank reserves the right, at any time, with prior notice and without assigning any reason whatsoever, to add/alter/modify/change or vary all or any of these terms and conditions or to replace, wholly or in part this Offer by another offer whether similar to this Offer or not or to extend or withdraw this Offer altogether.

• The Bank reserves the right to disqualify any Customer from the benefits of the Offer if any fraudulent activity is identified as being carried out for the purpose of availing the benefits under the Offer.

• This is an offer - based facility available to IDFC FIRST Bank Credit Card Customers only. 

• The terms and conditions contained in the Card Member Agreement will apply over and above the terms and condition of this loan. 

Please refer the below links of MITC and Card Member agreement for any other information:

MITC Link: 

Card Member Agreement: