IDFC FIRST Select Credit Card, Rewards and Benefits, Joining Fees Charges, Apply Online

IDFC FIRST Select Credit Card: Introducing a groundbreaking collaboration between HDFC Bank and Paytm, presenting an unparalleled co-branded offering that redefines the landscape of credit card benefits and privileges.

The HDFC Paytm co-branded credit card stands out as a symbol of innovation and excellence, offering a seamless blend of HDFC Bank’s trusted banking expertise and Paytm’s cutting-edge digital solutions.

As a cardholder, you unlock a world of exclusive benefits from the moment you join, with no joining or renewal fees. Revel in the welcome benefit of a Rs. 500 gift voucher, setting the stage for a journey filled with rewards and savings.

Experience the convenience of 3x Reward Points on every Rs. 150 spent on offline purchases, while online transactions elevate your rewards game with an impressive 6x Reward Points for the same amount.

But the rewards don’t stop there. Transcend into a realm of luxury with an exceptional 10x Reward Points on purchases exceeding Rs. 20,000, marking a new era of extravagant rewards.

And as you celebrate your special day, delight in a lavish 10x Reward Points on every Rs. 150 spent on your birthday, adding an extra touch of joy to your celebrations.

Entertainment enthusiasts rejoice, as you enjoy a remarkable 25% discount on movie tickets booked through the Paytm app, with savings of up to Rs. 100 every month.

But that’s not all – elevate your travel experience with 4 complimentary Railway lounge access passes every quarter, ensuring comfort and relaxation on your journeys.

Safety and security are paramount, with complimentary Roadside Assistance worth Rs. 1399, along with personal accident cover worth Rs. 2 Lakhs and lost card liability cover worth Rs. 25,000, providing peace of mind wherever you go.

Embark on a journey of unparalleled rewards and privileges with the HDFC Paytm co-branded credit card, where every transaction opens the door to a world of endless possibilities.

Rewards and Benefits

• Movie & Dining:-Enjoy a “Buy One Get One” offer on movie tickets, up to Rs. 250, when booking through the Paytm app. Indulge in culinary delights with up to a 20% discount at over 1500 restaurants, adding value to your dining experiences.
• Rewards Rate:- Maximize your rewards potential with 3 Reward Points for every Rs. 125 spent offline, 6 Reward Points for every Rs. 125 spent online, and an impressive 10 Reward Points for every Rs. 125 spent on transactions exceeding Rs. 25,000.
• Reward Redemption:- Redeem your earned Reward Points effortlessly, with 1 Reward point equating to Re. 0.25 for redemption. Choose from a plethora of options available at the Poshvine reward portal or exclusive merchant stores, ensuring maximum flexibility and value.
• Travel:- Experience unparalleled travel benefits, including airport “Meet and Greet” services at over 450 destinations worldwide, personalized airport transfers, and concierge services for a seamless travel experience. Access premium services and privileges at more than 900 luxury hotels worldwide. Additionally, enjoy the convenience of 4 complimentary railway lounge accesses per quarter, adding comfort to your journeys.
• Insurance Benefits:- Stay protected on your travels with an air accident cover worth Rs. 1 Crore, personal accident cover up to Rs. 5,00,000, and a travel insurance cover worth up to Rs. 22,500, providing you with peace of mind wherever you go.
• Zero Liability Protection:- Rest assured with zero liability protection cover worth Rs. 50,000 against any fraudulent transactions reported within the stipulated time frame, ensuring the security of your transactions at all times.

Fees & Charges

• Spend Based Waiver:- Not Applicable
• Rewards Redemption Fee:- A nominal fee of Rs. 99 plus taxes applies for rewards redemption, ensuring seamless access to your earned rewards.
• Foreign Currency Markup:- Experience the convenience of international transactions with a competitive foreign currency markup fee of 1.99% of the total conversion amount.
• Interest Rates:- Enjoy flexible interest rates ranging between 0.75% to 3.5% per month, tailored to suit the credit history of the individual, ensuring affordability and convenience.
• Fuel Surcharge:- Benefit from a 1% surcharge waiver on all fuel purchases at petrol pumps across India, providing savings on your fuel expenses. The maximum surcharge waiver is capped at Rs. 300, enhancing the value of your transactions.
• Cash Advance Charges:- Access cash effortlessly with a nominal cash advance charge of Rs. 199 per transaction, ensuring convenience when you need it the most.
• Add-on Card Fee:- Enjoy the convenience of sharing benefits with your loved ones at no additional cost, as there is no add-on card fee, making it easier to manage your expenses collectively.

Product Details

• Step into a world of unrivaled benefits and unparalleled rewards with our exclusive credit card offering, crafted to elevate every aspect of your financial journey. Welcome to a realm where convenience meets luxury, and every transaction is met with extraordinary perks.
• As a token of our appreciation, we extend a warm welcome with gift vouchers worth Rs 500 and an enticing 5% cashback on EMI transactions, setting the stage for a rewarding relationship from the very beginning.
• Indulge in a world of rewards with our dynamic points system. Experience the thrill of earning 10x Rewards for every Rs 125 spent on purchases exceeding Rs 25,000, while birthdays become even more special with 10x Reward Points on all your expenditures on that joyous day.
• Embrace the digital age with 6x Reward Points for every Rs 125 spent on online transactions, ensuring that your online shopping endeavors are met with generous rewards. For those cherished offline purchases, enjoy 3x Rewards on every Rs 125 spent, up to Rs 25,000, blending convenience with rewards seamlessly.
• But our benefits extend beyond rewards. Enjoy the peace of mind that comes with a low-interest rate ranging from 0.75% to 2.99%, coupled with a minimal foreign currency markup of just 1.5%, making international transactions hassle-free.
• Travel in style with complimentary access to railway and airport lounges every quarter, elevating your travel experience to new heights of luxury and comfort. And rest assured with our comprehensive insurance coverage, including air accident cover worth Rs 1 Crore and personal accident cover worth Rs 5,00,000, along with lost card liability covers worth Rs 50,000, ensuring your safety and security wherever you go.
• Additionally, enjoy the convenience of a 1% fuel surcharge waiver on all fuel purchases, adding to your savings with every trip to the pump.

Pros/Cons

Pros:

1. Lifetime free credit card: Enjoy the benefits of this credit card without any joining or renewal charges, making it a cost-effective option for cardholders.
2. Convenience: With no fees associated with joining or renewing the card, users can enjoy its perks without worrying about additional expenses.
3. Accessibility: The absence of fees lowers barriers to entry, allowing more individuals to access the benefits of the credit card.
4. Financial flexibility: Users can leverage the benefits of the card without the burden of annual fees, providing greater flexibility in managing their finances.

Cons:

1. Lack of international lounge access: The card does not offer complimentary access to international lounges, which may be a drawback for frequent international travelers seeking premium amenities.
2. Limited travel benefits: Without access to international lounges, cardholders may miss out on certain travel perks and amenities typically associated with premium credit cards.
3. Potential for missed opportunities: Cardholders may feel constrained by the absence of certain travel benefits, especially if they frequently travel abroad and value access to airport lounges.
4. Competitive disadvantage: In comparison to other premium credit cards that offer international lounge access, this card may be less appealing to consumers who prioritize such benefits in their credit card selection process.

IDFC First Select Credit Card Features and Benefits

The IDFC First Select Credit Card has swiftly gained popularity among discerning consumers for its array of benefits and privileges spanning various categories. Here’s a breakdown of its standout features:

Welcome Benefits:

• Receive a welcoming gift voucher worth Rs 500 upon spending Rs. 15,000 or more within 90 days of card issuance.
• Enjoy a generous 5% cashback on EMI transactions, up to Rs. 1000, within 30 days of card issuance.

Travel Benefits:

• Access exclusive perks like complimentary airport meet and greet services with discounts on fast track immigration at over 450 global destinations.
• Avail significant discounts on Airport limousine services in more than 3000 cities across 80 countries.
• Benefit from a dedicated concierge service to assist with flight bookings, hotel reservations, dining recommendations, and more.
• Gain access to over 900 hotels worldwide with luxurious perks such as room upgrades, complimentary in-room WiFi, VIP status, continental breakfast, and a 3 PM checkout.
• Enjoy up to 4 complimentary lounge visits per quarter at selected domestic airports in India.
• Additionally, relish in 4 complimentary railway lounge access passes every quarter.
• Receive complimentary roadside assistance worth Rs. 1,399 for added peace of mind during your travels.

Movie & Dining Benefits:

• Delight in a Buy 1 Get 1 offer on movie ticket bookings, up to Rs. 250, via the PayTM mobile app using your IDFC First Select credit card, available twice every month.
• Enjoy dining discounts of up to 20% across a network of over 1500 participating restaurants.

Insurance Benefits:

• Benefit from a range of insurance covers tailored for cardholders, providing added security and protection.

In summary, the IDFC First Select Credit Card offers an enticing blend of welcome perks, travel privileges, entertainment benefits, dining discounts, and insurance coverage, making it a preferred choice for individuals seeking a comprehensive and rewarding credit card experience.