IDFC First Select Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Users will get a 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.
Milestone Benefits
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. Users will get 1 reward point per₹150 spent, and the value of 1 reward point is ₹0.25. 3X reward points on spends till ₹20,000 in a statement cycle, cashback rate: 0.50%. 10X reward points on crossing spends of ₹20,000 in a statement cycle & on your birthday, cashback rate: 1.66%. 1X reward points on Insurance premium and Utility bill payments. cashback rate: 0.16%. 3X reward points on rental and property management transactions, cashback rate: 0.50%.
Cashback Rate
Users will get 1 reward point per₹150 spent, and the value of 1 reward point is ₹0.25.
3X reward points on spends till ₹20,000 in a statement cycle, cashback rate: 0.50%.
10X reward points on crossing spends of ₹20,000 in a statement cycle & on your birthday, cashback rate: 1.66%.
1X reward points on Insurance premium and Utility bill payments. cashback rate: 0.16%.
3X reward points on rental and property management transactions, cashback rate: 0.50%.
Movie Benefits
Dining Benefits
Other Benefits
Lounge Access
The cards provide 4 complimentary domestic lounge visits per quarter and 4 complimentary railway lounge visits per quarter.
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Users will get a 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.
Milestone Benefits
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. Users will get 1 reward point per₹150 spent, and the value of 1 reward point is ₹0.25. 3X reward points on spends till ₹20,000 in a statement cycle, cashback rate: 0.50%. 10X reward points on crossing spends of ₹20,000 in a statement cycle & on your birthday, cashback rate: 1.66%. 1X reward points on Insurance premium and Utility bill payments. cashback rate: 0.16%. 3X reward points on rental and property management transactions, cashback rate: 0.50%.
Cashback Rate
Users will get 1 reward point per₹150 spent, and the value of 1 reward point is ₹0.25.
3X reward points on spends till ₹20,000 in a statement cycle, cashback rate: 0.50%.
10X reward points on crossing spends of ₹20,000 in a statement cycle & on your birthday, cashback rate: 1.66%.
1X reward points on Insurance premium and Utility bill payments. cashback rate: 0.16%.
3X reward points on rental and property management transactions, cashback rate: 0.50%.
Movie Benefits
Dining Benefits
Other Benefits
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Lounge Access
The cards provide 4 complimentary domestic lounge visits per quarter and 4 complimentary railway lounge visits per quarter.
Fees & Charges
Joining Fee
INR 0
Annual Fee
INR 0
Cash Advance Fee
Cash withdrawal fee - INR 199
Interest rate
Monthly Interest Rate - 0.75% - 3.5%. Annual Interest Rate - 9% - 42%
Late Payment Fee
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 100 - 1250 .
Foreign Currency Transactions Fee
Forex Mark up - 1.9
Other Fees
Fuel Surcharge - 1%, waived upto INR 200 per statement cycle. | Redemption fee: INR 99
Fees & Charges
Joining Fee
INR 0
Annual Fee
INR 0
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Monthly Interest Rate - 0.75% - 3.5%. Annual Interest Rate - 9% - 42%
Late Payment Fee
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 100 - 1250 .
Foreign Currency Transactions Fee
Forex Mark up - 1.9
Other Fees
Fuel Surcharge - 1%, waived upto INR 200 per statement cycle. | Redemption fee: INR 99
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.
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 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.
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
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai