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Credit Card
Why the FIRST EA₹N, a UPI credit card, is perfect for new earners
Key Takeaways
The FIRST EA₹N Credit Card lets you make UPI payments through a credit card, combining the ease of UPI with the power of credit.
- This UPI credit card is perfect for beginners since it is backed by a fixed deposit with minimal requirements.
- The credit card reward system allows you to enjoy cashback rewards on essential expenses, such as groceries and utilities.
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.
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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 comes with a ₹0 joining fee for a limited-time period and an annual fee of ₹499 + GST. Additionally, for a limited time, there is a welcome offer of 10% cashback up to ₹250 on your first transaction done within 15 days of card generation. You can also get the annual fee waived by spending ₹1 lakh or more in the previous year.
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.
Frequently Asked Questions
What is a UPI credit card and how does it work?
A UPI credit card allows you to link your credit card to UPI apps and make payments by scanning QR codes. Instead of using your bank balance, the amount is charged to your credit card, letting you earn rewards or cashback.
Is a UPI credit card suitable for new earners?
Yes, a UPI credit card is ideal for new earners as it combines the ease of everyday UPI payments with the ability to build a credit history and earn rewards on routine expenses.
Can I get a UPI credit card without a credit history?
Yes, FD-backed cards like the FIRST EA₹N Credit Card do not require any prior credit history. They are easier to access and help beginners start building their credit profile.
Do I earn rewards on UPI payments made through a credit card?
Yes, most UPI credit cards offer cashback or rewards on eligible transactions, including everyday spends like groceries, utility bills, and dining.
How can a UPI credit card help build a credit score?
By using your UPI credit card responsibly—paying bills on time and keeping spending within limits—you can gradually build a strong credit score, which helps in future financial needs like loans or higher credit limits.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.
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