Overview
The IDFC First Select Credit Card is available on the Visa Signature platform by IDFC First Bank. Positioned as a semi-premium product, it offers a few of benefits, especially for travellers and shoppers. This card being zero joining and annual fees, making it appealing to a wide audience.
Table of Contents
Joining Fees
| Fee Type | Amount |
|---|---|
| Joining Fee | Zero |
| Annual Fee | Zero |
| Welcome Gift | Rs. 500 e-voucher (On spending Rs. 5000 within 30 days of card issue) |
Rewards
| Type of Spend | Reward Points | Reward Rate |
|---|---|---|
| Offline transactions | 3 points per Rs. 125 spent | 0.6% |
| Online transactions | 6 points per Rs. 125 spent | 1.2% |
| Spends exceeding ₹25,000 per statement cycle | 10 points per Rs. 125 spent | 2.0% |
| Birthday spends | 10 points per Rs. 125 spent | 2.0% |
Milestone Benefits
| Milestone | Benefit |
|---|---|
| First EMI transaction | Cashback up to Rs. 1,000 |
| Spending threshold | Vouchers worth Rs. 500 |
The card also offers discounts on dining, movie tickets, and travel bookings through partner platforms.
Airport Lounge Access on IDFC First Select Credit Card
| Lounge Access | Allowance |
|---|---|
| Domestic airport lounges | 2 free visits per quarter |
| Railway lounges | 4 free visits per quarter |
These perks can make your travel experience more comfortable and enjoyable, offering services like free Wi-Fi, comfortable seating, and complimentary snacks.
Monthly spends of Rs. 20000 is needed to access free lounge benefits.
Most Important Terms and Conditions: Link
Other Benefits
| Benefit | Details |
|---|---|
| Low-interest rates | Starting at 9% per annum |
| Complimentary roadside assistance | Worth Rs. 1,399 |
| Forex markup fee | 1.99% + GST |
| Personal accident and travel insurance | Personal accident: Rs. 5,00,000 Travel insurance cover: Rs. 22,500 |
Fees and Charges
| Charge Type | Amount |
|---|---|
| Late payment fee | 15% of the due amount |
| Forex markup fee | 1.99% + GST |
| Reward redemption fee | Rs. 99 + GST |
IDFC First Select Credit Card Review
Summary
In conclusion, the IDFC First Select Credit Card is a stellar option for those looking for a cost-effective, lifetime-free credit card packed with a few premium benefits. From rewarding high spends to providing travel perks and low-interest rates, it checks a few boxes for today’s market aware cardholder. The flexibility in point redemption and wide-ranging additional perks make it a compelling choice.