By Shubham Sharma
Updated On August 27, 2022

IDFC First Select credit card is one of the premium and most popular cards offered by IDFC First Bank, the other popular cards being IDFC First Millennia, IDFC First Classic Credit Card, etc. The card provides a diverse range of offers and benefits to its customers. You get a welcome voucher worth Rs 500 on achieving spends of Rs. 15,000 or more. Furthermore, you also get a cashback of up to 5% on your EMI transactions. Under its reward programs, you get up to 10x Rewards on your regular spending 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 railway 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 further to know more information about the IDFC First Select credit card below.

(4.7/5)

Best Suited For

Travel | Shopping |

Joining Fee

Nil

Reward Type

Reward Points |

Product Details

  • Gift vouchers worth Rs 500 and 5% cashback on EMI transactions as a welcome benefit.
  • 10x Rewards for every Rs. 125 spent on purchases above Rs. 25,000.
  • 10x RPs on every Rs 125 all spends on your birthdays.
  • 6x Reward points on every Rs 125 spent on online spendings.
  • 3x Rewards on every Rs 125 spent on offline purchases up to Rs 25,000
  • 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 waived on all fuel purchases.

Rewards and Benefits

Welcome Benefits

Welcome gifts worth Rs. 500 in the form of vouchers 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 One Get One free offer on movies & up to 20% discount on dining.

Rewards Rate

3 Reward Points on each Rs. 125 spent offline, 6 Reward Points on each Rs. 125 spent online, and 10 Reward Points on every Rs. 125 on spends above Rs. 25,000.

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 zero liability protection cover worth Rs 50,000 against 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% of the total conversion amount

Interest Rates

Ranges between 0.75% to 3.5% based upon the credit history of the individual

Fuel Surcharge

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

Cash Advance Charge

Rs. 250

Add-on Card Fee

Nil

IDFC First Select Credit Card Features and Benefits

The IDFC First Select Credit Card is one of the well-known offerings of the bank and has become a choice for thousands of people very soon after its launch. It comes with great privileges across different categories, including rewards, dining, entertainment, travel, and many more. Some of its most significant benefits and features are as follows:

Welcome Benefits

  • You get a gift voucher worth Rs 500 as an introductory benefit 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.

Travel Benefits

  • You get up to 4 free lounge visits per quarter at selected domestic 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.

IDFC First Select Credit Card Rewards

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

  • 10x Reward Points for every Rs. 125 spent on purchases above Rs. 25,000
  • You earn up to 10x Reward points on every Rs. 125 spent on your birthday
  • Get up to 6x Reward points on every Rs. 125 spent on online spending
  • 3x Reward points on every Rs. 125 spent on offline spending upto Rs 25,000

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 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.

IDFC First Select Credit Card Fees and Charges

There are various fees and charges associated with the IDFC First Select Credit Card. Some of the important ones are as follows:

  • The IDFC First Select Credit Card comes with zero joining and annual fee, i.e, it is a lifetime free credit card.
  • The interest rate on this credit card is 0.75% to 3.5% per month.
  • The foreign currency markup fee on the IDFC First Select Credit Card is 1.5% of the total transaction amount.
  • The cash advance fee on this credit card is 2.5% of the withdrawn amount.

IDFC FIRST Select Credit Card Eligibility Criteria

The eligibility requirements that need to be fulfilled in order to get approved for the IDFC First Select Credit Card are as follows:

  • The minimum eligible age required for this credit card is 21 years.
  • The applicant should either be salaried or self-employed with a decent monthly income.
  • The applicant should have a decent credit score.

Documents Required

The documents required to apply for the IDFC First Bank Select Credit Card are listed below:

  • Aadhar Card, Voter’s Id, Driving License, PAN Card, or Passport as an identity proof.
  • Latest months’ utility bills, Aadhar Card, or Passport as an address proof.
  • You will also need to submit your latest salary slips/latest bank statements, or latest audited ITR.

How To Apply For The IDFC First Select Credit Card?

You can apply for the IDFC First Select Credit Card online as well as offline at your convenience. To apply offline, visit your nearest IDFC First Bank branch with all the required documents and apply for the card by filling out the physical application form. To apply online, you will have to follow a few simple steps as mentioned below:

  • Visit the IDFC First Bank’s official website.
  • Click on the option ‘Credit Cards.’
  • Click on the option ‘Select.’
  • Now, click on Apply Now and proceed further by filling in all the required details.

Conclusion

IDFC First Select credit card comes with a host of benefits and privileges on your spending. You can earn up to 10x accelerated reward points on your spending 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 spending. 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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