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IDFC First Select Credit Card

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.

IDFC First Select Credit Card
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
IDFC First Select Credit Card

IDFC First Select Credit Card is a feature rich credit card with a variety of features. The only major flaw with the card is its low cashback rate. If you are looking for a feature rich premium credit card and you are read to ignore low cashback rate, you should definitely check IDFC First Select Credit Card.

Abhijeet Saxena

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

Fees & Charges
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