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Selecting the right credit card can make a big difference in how you earn rewards and handle your money. The IDFC FIRST Select and the Axis Bank Select Credit Card are two great options for maximizing your credit card benefits. Both cards offer a range of features, including cashback, discounts on dining and movies, travel perks, and insurance coverage. In this article, we’ll look at what each card offers to help you decide which best suits your lifestyle and spending habits.
The IDFC FIRST Select Credit Card is a premium option with no fees. This card offers a range of benefits, including cashback on dining and movie purchases, reward points on all purchases, and welcome gifts. It provides complimentary travel privileges and insurance coverage, ensuring a secure and luxurious experience. What sets this card apart is that it is lifetime-free, eliminating annual charges and making luxury and convenience accessible at no cost.
The Axis Bank Select Credit Card is like a special pass that gives you many perks whenever you make transactions. You can think of this as a rewards card that earns you points every time you shop, and then you can exchange these points for gifts or discounts. You can save money at various restaurants, get discounts on food orders from Swiggy, access airport lounges for free, enjoy free rounds of golf, and receive some insurance benefits. While there is an annual fee for the card, if you spend ₹8 lakh or more, the fee will be waived for the following year.
IDFC FIRST Select Credit Card
The IDFC FIRST Select Credit Card is a lifetime-free premium card offering exclusive benefits and offers to its users. With its attractive offerings including lifetime zero fees, exceptional rewards on your everyday spending, and delightful lifestyle benefits, this card is designed to complement your life. You will receive special discounts and cashback on dining and movie outings and welcome gifts. Also, you will have exclusive travel privileges and insurance coverage to ensure secure and luxurious travel.
Fees
The IDFC FIRST Select Credit Card is a lifetime-free credit card with no joining or annual charges and no spend-based waiver.
Reward Rate
- The card offers 3x reward points on online and offline transactions to ₹20,000.
- Upon spending more than ₹20,000, users will get 10x reward points.
- Cardholders will also get 10x reward points on birthday purchases.
- A 1x reward point is also provided for insurance premiums and utility bill payments.
- Reward points earned can be redeemed at the Poshvine reward portal or exclusive merchant stores.
- 1 RP = ₹0.25
Welcome Benefit
- Cardholders will receive a gift voucher worth ₹500 on spending ₹5,000 or more within 30 days of card issuance.
- A 5% cashback of up to ₹1,000 on the first EMI transaction done within 30 days of card generation.
Movie/Dining
- BOGO offers on movie tickets up to ₹125 on the Paytm mobile app, valid twice a month.
- Users will get up to 20% discount at 1500+ restaurants across India.
Travel Benefits
- Upon spending ₹20,000 monthly, cardholders will get two complimentary domestic airport lounge access every quarter.
- Four railway lounge visits are also provided to users as a complimentary gift.
- Complimentary roadside assistance worth ₹1,399 is also offered.
- Concierge service can assist you with booking flights, hotels, dining, and other experiences.
- Users will receive complimentary airport meet-and-greets and discounts on fast-track immigration services at more than 450 global destinations.
- Great discounts on airport transfer limousine service in more than 3000 cities across 83 countries.
Insurance Coverage
- Insurance coverage is also offered to users where air accident cover is worth ₹1 crore, personal accident cover is ₹5 lakh, and lost card liability cover is ₹50,000.
- Cardholders will also get travel insurance coverage worth ₹22,500.
Axis Bank Select Credit Card
The Axis Bank Select Credit Card is all about giving you perks and rewards for the money you spend using it. Every time you make a purchase, you’ll earn points that can be used for vouchers or discounts on your next purchases. You’ll also get discounts at many restaurants, making dining out more affordable. Movie lovers will enjoy a discount on food orders from Swiggy, and travel enthusiasts will have access to airport lounges. Additionally, the card offers golf benefits and insurance coverage for its users.
Fees
- The joining and annual fee of the Axis Bank Select Credit Card is ₹3,000 with taxes.
- The annual fees can be waived on spending ₹8 lakh or more in the previous year.
Reward Rate
- You can earn 2 EDGE points per ₹200 you spend with the card up to ₹20,000 per month and 10 EDGE points per ₹200 spent after that.
- Earn 2x EDGE points for every ₹200 spent on retail shopping, excluding insurance, rent, utilities, fuel, educational services, wallet, jewelry, and government.
- The EDGE Points earned can be redeemed on the EDGE Rewards portal for travel/shopping vouchers and product purchases.
- 1 EDGE Points = ₹0.20
Welcome Benefits
With the Axis Bank Select Credit Card, users will receive 10,000 EDGE REWARD Points worth ₹2,000 as a welcome benefit on the first transaction within 30 days of issuance.
Movie/Dining
- With the Axis Bank Dining Delights, Select credit card users will get up to 25% off up to ₹800 on dining transactions.
- Users will get a flat ₹200 off Swiggy on a minimum transaction of ₹1,000. This offer can be used twice every month, and users need to use the code “AXIS200” to avail this offer.
Travel Benefits
- This card offers 2 complimentary domestic airport lounge access every quarter (8 yearly) for ₹50,000 in the previous three months.
- Cardholders get 12 complimentary international airport lounge access yearly with Priority Pass membership.
Golf Perks
- With this card, you will get 6 complimentary golf rounds per year.
- And upon spending ₹3 lakh annually, you will get 6 additional golf rounds for free.
Insurance Coverage
This card offers purchase protection cover worth ₹1 lakh and for the loss of travel documents or delay of check-in baggage, insurance coverage up to USD 500 will be offered to cardholders.
Quick Comparison Between IDFC FIRST Select and Axis Select Credit Card
| Features | IDFC FIRST Select Credit Card | Axis Bank Select Credit Card |
| Joining/Renewal Fees | Nil | ₹3,000 + GST |
| Reward Rate |
|
|
| Reward Redemption |
|
|
| Welcome Benefits |
|
10,000 EDGE RP on your first transaction of ₹2000 |
| Movie/Dining |
|
Flat ₹200 off on Swiggy orders |
| Travel Benefits |
|
|
| Insurance Coverage |
|
Purchase protection cover worth up to ₹1 lakh |
Bottom Line
The IDFC FIRST Select and Axis Bank Select credit cards offer great perks. The IDFC FIRST Select card is incredible because it has no fees, gives you more rewards on every transaction, and even has special offers for movies, dining, and travel without costing you anything each year. The Axis Bank Select card does charge a yearly fee, but it’s beneficial because you get points when you shop, discounts at restaurants, and complimentary visits like airport lounge access and golf.
If you don’t like paying annual fees and want more rewards on your everyday spending, the IDFC FIRST Select Credit Card is probably the better choice. But, if you spend a lot and enjoy travel and dining perks, the Axis Bank Select Credit Card could be worth the fee.
