IDFC FIRST Select Credit Card

The IDFC First Select Credit Card is one of the premium and most popular cards offered by IDFC First Bank, alongside other popular cards such as IDFC First Millennia and IDFC First Classic Credit Card. This card provides its customers with various offers and benefits. On spending INR 15,000 or more, you receive a welcome voucher worth INR 500. Additionally, you also get up to 5% cashback on your EMI transactions. Under its rewards program, you earn rewards up to 10 times on your regular expenses and redeem them against various options of your choice. The card offers you multiple travel benefits and privileges, such as access to lounges at airports and railway stations.

Furthermore, you also get a 1+1 offer on movie ticket bookings through the PayTM mobile app. There are several other benefits as well, including insurance coverage, special discounts on dining, roadside assistance, fuel surcharge waivers, and much more. For more information about the IDFC First Select Credit Card, please refer to the details below.

• Joining Fee- Nil
• Renewal Fee- Nil
• Best Suited For- Travel | Shopping
• Reward Type- Reward Points
• 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 30 days of card issuance.

Rewards and Benefits

• Movie & Dining- Buy One Get One free offer on movie tickets up to Rs. 250 on the Paytm app & 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- 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 more than 900 luxury hotels worldwide with premium features and benefits
• 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 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.
• 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

• Spend based Waiver- NA
• 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 Charge- Rs. 199 per transaction
• Add-on Card Fee- Nil

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.
• 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.

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 up to Rs. 1000 within 30days 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 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 up to Rs. 250 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.

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. 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 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: The IDFC First Select Credit Card comes with several benefits and privileges on your expenses. You can earn rewards points up to 10 times on your spending and redeem these accumulated points in various redemption options. Like all IDFC First Select Credit Cards, the accumulated reward points will not expire, and they can be carried forward for another year.

You earn a reward rate of 0.25 rupees on your spending. Additionally, you also receive a complimentary lifetime membership on this card, which is another enhanced benefit of this card.

What do you think about the IDFC First Select Credit Card? Please let us know in the comments below.