By Shubham Sharma
Updated On September 23, 2021

IDFC First Select credit card is one of the premium cards offered by IDFC First Bank. The card provides a diverse range of offers and benefits to its customers. You get a welcome gift voucher worth Rs 500 on the spending of Rs. 15,000 or more. Furthermore, you also get upto 5% cashback on your EMI transactions. Under its reward programs, you can earn up to 10x reward points on your regular spends and redeem them against a variety of options of your choice. The card provides you with multiple travel benefits and privileges such as complimentary lounge access at airports and railways stations.

You also get 1+1 offers on movie ticket bookings with PayTM mobile app. There are several other benefits such as insurance benefits, special discounts on dining, roadside assistance, fuel surcharge waiver, and much more. Read below to know more in detail about the IDFC First Select credit card below.

Best Suited For

Travel | Shopping |

Joining Fee

Nil

Reward Type

Reward Points |

Product Details

  • Gift voucher worth Rs 500 and 5% cashback on EMI transactions as a welcome benefit.
  • 10x Reward Points for every Rs. 100 spent on purchases above Rs. 20,000.
  • 10x Reward points on every Rs 100 spent on your birthdays.
  • 6x Reward points on every Rs 100 spent on online spendings.
  • 3x Reward points on every Rs 100 spent on offline spendings upto Rs 20,000
  • Low interest rate (0.75% – 2.99%) and low foreign currency markup (1.5%)
  • Complimentary railways and airport lounge access every quarter.
  • Personal Accident Cover worth Rs 5,00,000
  • Lost card liability covers worth Rs. 50,000
  • 1% fuel surcharge waiver.

Rewards and Benefits

Welcome Benefits

Gift voucher worth Rs. 500 based on spends within 90 days of card issuance and a 5% cashback on EMI transactions within 90 days of card issuance.

Movie & Dining

Buy 1 Get 1 free offer on movies and up to 20% discount on dining.

Rewards Rate

3 Reward Points per Rs. 100 spent offline, 6 Reward Points per Rs. 100 spent online, and 10 Reward Points per Rs. 100 on spends above Rs. 20,000.

Reward Redemption

1 Reward point = Re. 0.25 for redemption. These reward points can be redeemed at the Poshvine reward portal or at exclusive merchant stores.

Travel

Complimentary lounge access at select airports and railway stations across India

Golf

NA

Domestic Lounge Access

4 complimentary domestic airport lounge visits and 4 complimentary railway lounge visits per quarter.

International Lounge Access

NA

Insurance Benefits

You get personal accident cover worth upto Rs 5,00,000 and a travel insurance cover worth up to Rs 22,500.

Zero Liability Protection

You get a protection liability cover worth Rs 50,000 in case of any fraudulent transactions reported within the stipulated time.

Fees & Charges

Joining Fee

Nil

Renewal Fee

Nil

Spend based Waiver

NA

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

1.99% on the conversion amount

Interest Rates

Ranges between 0.75% to 1.99% based upon the credit history of the individual

Fuel Surcharge

1% surcharge waiver on your fuel transactions at all petrol pumps across India subject to a maximum amount of Rs. 300.

Cash Advance Charge

Rs. 250

Add-on Card Fee

Nil

Welcome Benefits

  • You get a welcome gift voucher worth Rs 500 on spending Rs. 15,000 or above within 90 days of card issuance
  • Also, you get a 5% cashback on EMI transactions within 90 days of card issuance using this credit card.

IDFC First Select Credit Card Rewards

With your IDFC First Select credit card, you can get accelerated reward points on your spendings. However, no reward points get accrued on fuel transactions, EMI transactions, cash withdrawals, and insurance.

  • 10x Reward Points for every Rs. 100 spent on purchases above Rs. 20,000
  • You earn upto 10x Reward points on every Rs. 100 spent on your birthdays
  • Get upto 6x Reward points on every Rs. 100 spent on online spendings
  • 3x Reward points on every Rs. 100 spent on offline spendings upto Rs 20,000

Note: 1x Reward Point = 1 Reward point per Rs. 100 spent.

Reward Redemption

  • You can redeem the reward points accumulated across a variety of redemption options at the Poshvine reward portal or at exclusive merchant stores.
  • 1 Reward point accumulated is equivalent to Rs 0.25 for redemption.
  • The reward points accumulated on this credit card do not expire and can be carried forward from the previous year.
  • You do not get charged with any reward redemption fee for this card.

Travel Benefits

  • You get upto 4 complimentary lounge access per quarter at select airports across India.
  • You get 4 complimentary railway lounge access every quarter.
  • Complimentary roadside assistance worth Rs. 1,399.

Movie & Dining Benefits

  • You get a Buy 1 Get 1 offer on movie ticket booking on PayTM mobile app using your IDFC First Select credit card.
  • You can avail of up to 2 complimentary movie tickets every month worth Rs. 250 each.
  • You get a discount of up to 20% on dining across various participating restaurants.

Insurance Benefits

IDFC First Bank Select credit card comes with a host of insurance benefits for the customers.

Insurance Covers Amount
 Travel Insurance Cover Rs 22,500
Personal Accident Cover Rs 5,00,000
Lost Card Liability Cover Rs 50,000
Loss of Checked-in Baggage Rs 7,500
Delay in Checked-in Baggage Rs 5,000
Loss of Passport Rs 5000
Delay in Flight Rs 5000

Low Forex Markup fee

With this card, you can save on your international transactions as it charges the lowest forex markup fee of 1.99% only.

Fuel Surcharge Waiver

  • You get a 1% surcharge waiver on your fuel transactions at all petrol pumps across India. You can get a maximum discount of Rs 300.

Conclusion

IDFC First Select credit card comes with a host to benefits and privileges on your spendings. You can earn upto 10x accelerated reward points on your spendings and these reward points accumulated can be redeemed across multiple redemption options. Like all of the IDFC First Select credit cards, the reward point accumulated can be do not expire and can be carried forward to another year. You get a reward rate of Rs 0.25 on your spendings. Besides that,  you get a lifetime membership free on this card which is another value-added benefit of this card. What do you think about this IDFC First Select credit card? Do let us know in the comments below.

FAQs:

You get a reward rate of Rs 0.25 redemption of reward points accumulated using IDFC First Select credit card

You get charged with a foreign markup fee of 1.99% on the conversion amount.

You get a zero liability protection cover upto Rs 50,000 on this credit card

You can contact 24X7 IDFC First Bank customer care number 18605001111 or email at [email protected]

No, you do not get charged with any reward redemption fee on IDFC First Select credit cards.

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