IDFC FIRST Select Credit Card

IDFC FIRST Select Credit Card: You receive some of the best advantages and privileges with the IDFC FIRST Select Credit Card, and there are no initiation fees. This IDFC First Bank credit card has been chosen with consideration for your spending preferences and way of life. You can accumulate reward points with this credit card that expires. This card has an interest rate range of 0.75% to 2.99% each month.

Key Highlights of IDFC FIRST Select Credit Card

  • On your birthday, all purchases will earn you 10X the usual reward points.

  • Get free entrance to the domestic airport lounge.

  • Every time your spending reaches Rs. 100, you can enjoy 1 reward point.

  • Get discounts of up to 20% at more than 1,500.

Benefits of IDFC FIRST Select Credit Card

  • Once you spend Rs. 15,000 during the first 90 days of receiving your card, you will receive a welcome gift ticket worth Rs. 500.

  • If your first EMI transaction is completed within the first 90 days of your card’s setup, you will receive 5% cashback on that transaction.

Benefits and Reward Points

  • Get 6X more reward points when you make purchases online.

  • Get 10X more reward points for spending more than Rs. 20,000.

  • On purchases made on your birthday, you will receive 10X the usual reward points.

  • Get 3X more reward points for all offline purchases.

  • Every time you spend Rs. 100, you earn 1 reward point.

Benefits of ATM Withdrawals

Enjoy up to 48 days of interest-free cash withdrawals from ATMs throughout India.

Benefits of Entertainment

  • You can receive a free second movie ticket worth up to Rs. 250 when you purchase one movie ticket (twice every month).

  • Get discounts of up to 15% at more than 3,000 health and wellness stores.

Benefits of Dining

More than 1,500 eateries are offering discounts of up to 20%.

Fuel Benefits

At all gas stations in the nation, you will receive a monthly fuel surcharge waiver of up to Rs. 300.

Travel Advantages

  • Free Roadside Assistance (RSA) up to Rs. 1,399 is available.

  • Get free access to a domestic airport lounge (4 visits every quarter).

  • You will have free access to the railroad lounge (4 visits per quarter).

Benefits of Insurance

You will get a personal accident insurance policy of Rs. 5 lakh.

Get a free lost card liability insurance policy for up to Rs. 50,000.

This card provides endless, never-expiring reward programs that are simple to use:

Reward System

  • 10x bonus points are earned for every Rs. 20,000 spent.

  • 6x bonus points for all online purchases

  • 3x bonus points on all other purchases

  • The number of reward points you can accumulate is unlimited.

  • Reward points you earn never expire.

  • Spending on your birthday earns you 10 times as many bonus points.

  • Every 100 rupees spent earns one reward point. A reward point is worth 0.25 rupees.

Super Saver Advantages

  • Get 48 days of interest-free cash withdrawals.

  • No fees for cards with a higher limit or add-ons

  • Lowest APR beginning at 0.75% monthly

  • No fees apply while redeeming rewards.

Joining Perks

  • Spend Rs. 15000 within 90 days of card activation to receive welcome gift vouchers worth Rs. 500.

  • On the first EMI transaction completed within 90 days of card activation, receive 5% cashback.

Additional Benefits and Privileges

  • You can get a buy one get one free offer on movie tickets twice a month for up to Rs. 250.

  • At all gas stations in India, fuel fees up to Rs. 300 are waived each month.

  • Free Roadside Assistance (RSA) is provided, valued at Rs. 1,399.

  • Receive 50+ in-app discount offers, a 20% discount at more than 1500 restaurants, and a 15% discount at more than 3,000 health and wellness retailers.

  • With certain restrictions, a complimentary Rs. 50,000 personal accident insurance coverage worth Rs. Rs. 22,500 for Lost Card Liability Cover Detailed Travel Insurance

  • Domestic airport lounges and train lounges are free to enter (4 per quarter)

Charges & Fees

  • This credit card is free for life;
  • The monthly interest rate for credit cards ranges from 0.75% to 2.99%. Overlimit Fee: NIL

  • NIL Reward Redemption Fees 1.99% FX Markup

  • International and domestic cash advance fees are Rs. 250. Late payment fees are 15% of the total amount due.

Fees and costs associated with the IDFC FIRST Select Credit Card

Type of FeeAmount
Joining feeNIL
Over limit feeNIL
Reward redemption feeNIL
Foreign exchange markup1.99%
Late payment fee15% of Total Amount Due (subject to a minimum Rs.100 and a maximum of Rs.1,000)
International and domestic cash advance feeRs.250

Documents Required to Apply for the IDFC FIRST Select Credit Card

Once you have been approved for the IDFC FIRST Select Credit Card, you will need to provide the following documentation to the bank:

Proof of AddressRation CardPassportVoter IDAadhaar Card
Identity ProofDriving LicensePassportAadhaar Card
Income ProofForm 16IT ReturnsSalary Slip

Take Away

Never-expiring reward points are a feature of the IDFC FIRST Select Credit Card. On all transactions over Rs. 20,000 and on your birthday when using your IDFC FIRST Select Credit Card, you earn 10X reward points. Additionally, the card offers online and in-store transactions 6X and 3X reward points, respectively. Anytime you want to make an online or in-person purchase, you can use your accumulated reward points as payment. Nevertheless, if you’re searching for a credit card that works well for online shopping, think about choosing one of the SBI Simply CLICK, AmazonPayICICI, or FlipkarBank Axis cards. Despite not being premium cards, these cards are far more useful for regular online purchasing.

When you compare the IDFC First Select Credit Card to other premium cards, you’ll see that HDFC Diners Club Black is a better option because it offers 10X points and 1 reward point is equal to 1 rupee. Additionally, the card offers 10X points on all SmartBuy purchases. On all purchases made at grocery, restaurant, and department stores, SBI Elite offers 5X rewards. For SBI Elite, 1 RP is equivalent to Rs. 0.25. Therefore, HDFC Diners Club Black may be a better choice if you’re seeking a premium credit card with a high rewards rate. However, IDFC Select’s lax eligibility requirements and absence of a joining or yearly charge give it an advantage over these cards.

FAQs on the IDFC FIRST Select Credit Card

  1. Is there an annual fee for the IDFC FIRST Select Credit Card?

No, there are no initiation fees, membership fees, or yearly fees associated with this card.

  • Do the reward points I have on this credit card ever expire?

Rewards point accumulated with the IDFC FIRST Select Credit Card will not expire.

  • Will I be prompted to enter my credit card PIN at each POS terminal?

Yes, you must enter a PIN to complete every transaction you make in India. Only if the POS terminal has been configured to support PIN authentication will you be required to input the PIN when using it outside of India.