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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 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 the PayTM mobile app. There are several other benefits, such as insurance, special discounts on dining, roadside assistance, fuel surcharge waiver, and much more. Read further to learn more about the IDFC First Select credit card below.

IDFC FIRST Select Credit Card
(4.6/5)

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Travel | Shopping |

Reward Type

Reward Points

Welcome Benefits

Vouchers worth Rs. 500 on spends of Rs. 15,000 within 90 days of card issuance. Also, get a 5% cashback on EMI transactions (up to Rs. 1,000) within 30 days of card issuance.

Movie & Dining

“Buy One Get One” offer on movie tickets up to Rs. 125 while booking with the Paytm app & up to 20% discount on dining at over 1500 restaurants.

Rewards Rate

3 Reward Points/Rs. 125 spent offline and online, and 10 Reward Points on every Rs. 125 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

Airport “Meet and Greet” at more than 450 destinations worldwide. Airport transfers and concierge service for a personalized travel experience. Access to premium services and benefits at more than 900 luxury hotels worldwide. Complimentary 4 railway lounge access per quarter.

Domestic Lounge Access

2 Complimentary Domestic Airport Lounge Access Every Quarter ( 8 Each Year)

International Lounge Access

NA

Golf

NA

Insurance Benefits

You get an air accident cover worth Rs. 1 Crore, personal accident cover worth upto Rs 5,00,000 and a travel insurance cover worth up to Rs 22,500.

Spend-Based Waiver

NA

Rewards Redemption Fee

Rs. 99 plus taxes

Rewards Redemption Fee

Rs. 99 plus taxes

Foreign Currency Markup

1.99% of the total conversion amount

Interest Rates

Ranges between 0.75% to 3.5% per month 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 Charges

Rs. 199 per transaction

  • 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. 20,000.
  • 10x RPs on every Rs 125 all spends on your birthdays.
  • 3x 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.
  • Air accident cover worth Rs. 1 Crore and Personal Accident Cover worth Rs 5,00,000
  • Lost card liability covers worth Rs. 50,000
  • 1% fuel surcharge waived on all fuel purchases

Pros

  • This is a lifetime free credit card without any joining or renewal charges.

Cons

  •  There isn’t any complimentary international lounge access provided with this card.

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. 5,000 or above within 30 days of card issuance.
  • Also, you get a 5% cashback on EMI transactions up to Rs. 1,000 within 30 days of card issuance using this credit card.

Travel Benefits

  • Get free airport meet and greet with discounts on fast track immigration and other services at more than 450 global destinations.
  • Great discounts on Airport limousine service in more than 3000 cities in over 80 countries.
  • Concierge service to help you book your flights, hotels, dining, and other experiences.
  • Access to more than 900 hotels worldwide with luxury benefits like room upgrade, in-room WiFi, VIP status, continental breakfast, 3 PM check out, etc.
  • You get up to 2 free lounge visits per quarter at selected domestic airports across India. You would need to spend Rs. 20,000 in a month to be eligible for airport lounge access.
  • 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 up to Rs. 125 on PayTM mobile app using your IDFC First Select credit card, twice every month.
  • You get a discount of up to 20% on dining across 1500+ 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
Air Accident Cover Rs 1 Crore
Personal Accident Cover Rs 5,00,000
Lost Card Liability Cover Rs 50,000
Loss of Checked-in Baggage USD 500
Delay in Checked-in Baggage USD 100
Loss of Passport USD 300
Delay in Flight USD 300

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, or cash withdrawals.

  • 10x Reward Points for every Rs. 125 spent on purchases above Rs. 20,000.
  • You earn up to 10x Reward points on every Rs. 125 spent on your birthday.
  • Get up to 3x Reward points on every Rs. 125 spent on online spending.
  • 3x Reward points on every Rs. 125 spent on offline spending up to Rs. 20,000 (Rental and property management transactions shall also earn 3X reward points).
  • 1X reward points on utility bills and insurance premium payments.

1x Reward Point/Per Rs. 125 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 have to pay a small reward redemption fee of Rs. 99 plus taxes.

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 1.99% of the total transaction amount.
  • The cash advance fee on this credit card is Rs. 199 per transaction.

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 an annual income of Rs. 12 Lakh or more.
  • The applicant should have a decent credit score.

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-

  • Click “Apply Now” and proceed further by filling in all the required details.

IDFC First Select Credit Card Review

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 credit card spends, and these reward points accumulated can be redeemed across multiple redemption options. Like all IDFC First Select credit cards, the reward points earned can 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].
Yes, you have to pay a reward redemption fee of Rs. 99 plus taxes

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IDFC FIRST Select Credit Card

IDFC FIRST Select Credit Card

(4.6/5)

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