IDFC First Select Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
IDFC First Select Credit Card
Bank Name :
IDFC First Bank
Type :
Rewards Credit Card
Interest Rate :
0.75% - 3.5%. Annual Interest Rate - 9% - 42%
Eligibility :
Age: 21 years & above.
Indian resident with permanent residential address.
Annual Income of INR 12 Lakh or more.
Pros
Welcome Benefits: Gift Voucher worth Rs 500 on spending Rs 15000 in the first 3 months. 5% Cashback (up to Rs1000) on the transaction value of the first EMI done within 30 days of card generation.
Rewards: 10X Reward Points on incremental spends above ₹25,000 per month and spends done on your birthday, and 6X & 3X Reward Points on online & offline purchases respectively for spends up to ₹25,000 per month.
Other Benefits: The cards provide 4 complimentary domestic lounge visits per quarter, and 4 complimentary Railway lounge visits per quarter.
Cons
Low effective cashback rate of 0.25%.
Not suitable for shopping and other big spends.
Pros & Cons
Welcome Benefits
Welcome Benefits: Gift Voucher worth Rs 500 on spending Rs 15000 in the first 3 months. 5% Cashback (up to Rs1000) on the transaction value of the first EMI done within 30 days of card generation.
Rewards System
Reward System: 1 Reward Point per INR 125 spent. 1 Reward Point = INR 0.25. Reward not available for Fuel, Insurance, EMi transactions & cash withdrawals. Effective Cashback Rate: 0.25%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Special Feature: Cancellation for any reason (CFAR) insurance: Cancellation cover for 2 claims up to INR 10000, will be available for hotel and flight booking cancellations.
Eligibility Criteria
Age: 21 years & above.
Indian resident with permanent residential address.
Annual Income of INR 12 Lakh or more.
Benefits
Airport lounge and Railway lounge access.
Movie ticket offer and discount.
welcome benefits
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
To apply for the IDFC Bank First Select Credit Card, you can either:
Online:Visit the IDFC Bank website and click on the "Apply for Credit Card" tab.
Select the "First Select Credit Card".
Enter your personal details, such as your name, email address, mobile number, and date of birth.
Provide your income and employment details.
Upload a copy of your PAN card and Aadhaar card.
Click on the "Submit" button.
Contact Details
Toll Free No: 1860 258 2000
Whatsapp banking (for registered Nos): Numbers to connect: 95555 55555
Email us at Banker@idfcfirstbank.com
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefits: Gift Voucher worth Rs 500 on spending Rs 15000 in the first 3 months. 5% Cashback (up to Rs1000) on the transaction value of the first EMI done within 30 days of card generation.
Rewards: 10X Reward Points on incremental spends above ₹25,000 per month and spends done on your birthday, and 6X & 3X Reward Points on online & offline purchases respectively for spends up to ₹25,000 per month.
Other Benefits: The cards provide 4 complimentary domestic lounge visits per quarter, and 4 complimentary Railway lounge visits per quarter.
Low effective cashback rate of 0.25%.
Not suitable for shopping and other big spends.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: INR 0
Annual Fee: INR 0
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 100 - 1250 .
Fuel Surcharge - 1%, waived upto INR 200 per statement cycle.
Cash withdrawal fee - INR 199
Redemption fee: INR 99
Monthly Interest Rate - 0.75% - 3.5%. Annual Interest Rate - 9% - 42%
Forex Mark up - 1.9
Fuel Surcharge
1%, however, it is waived upto INR 300 per month.
Billing Cycle
30 Days