IDFC First Select Credit Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
Low effective cashback rate of 0.25%.
Not suitable for shopping and other big spends.
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.
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%.
The cards provide 4 complimentary domestic lounge visits per quarter and 4 complimentary railway lounge visits per quarter.
Rewards & Benifits
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.
Rewards System
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%.
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:-
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Cons:-
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.
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%.
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.
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
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