- Key Highlights of IDFC First select credit card
- Benefits of IDFC First select card
- Redeeming Rewards on IDFC First select credit card
- Fee’s And Charges on IDFC First select credit card
- Eligibility to Apply for IDFC First select credit card
- Required Documents for IDFC First select credit card
- Comparison
- Apply For IDFC First select credit card
- Check IDFC First select credit card status
- Contact IDFC First select credit card
- Conclusion
- FAQs
- Read More
In today’s fast-paced world, credit cards have become an essential financial tool for individuals to manage their expenses and enjoy various benefits and rewards. IDFC First Bank, known for its customer-centric approach and innovative solutions, offers the IDFC First select credit card. In this, we will delve into the features, benefits, and overall value proposition of this credit card, helping you decide whether it suits your needs.
Key Highlights of IDFC First select credit card
| Joining Fee | Nil |
| Annual Fee | Nil (Free for lifetime) |
| Best Suited For | Rewards and Online Shopping |
| Key Feature | Up to 10X Reward Points that never expire |
| Reward Rate | On Offline Purchases: 3% and On Online Purchases: 6% |
| Welcome Benefits | 500 Rupees worth of gift cards and 5% cashback on the initial EMI transaction |
Other Key Highlights of IDFC First select credit card
- You will get 10X more reward points on your birthday for all transactions you make.
- Access to the domestic airport lounge is free.
- You receive a reward point each time your spending reach Rs. 100.
- Get discounts of up to 20% at more than 1,500 eateries all throughout India.
You can check more on IDFC’s official website.
Benefits of IDFC First select card
Welcome Benefits
- Spend Rs. 15,000 during the first 90 days of receiving your card, and you’ll get welcome gift cards worth Rs. 500
- You will get 5% cashback on your first EMI transaction during the first 90 days of having your card activated.
Reward Points Benefits
- Get 6X more reward points when you make purchases online.
- Get 10X more reward points for spending more than Rs. 20,000.
- On purchases made on your birthday, you will receive 10X the usual reward points.
- Get 3X more reward points for all offline purchases.
- Every time you spend Rs. 100, you earn 1 reward point.
ATM Withdrawal Benefits
Enjoy up to 48 days of interest-free cash withdrawals from ATMs throughout India.
Entertainment Benefits
- Two complimentary movie tickets worth up to Rs. 250 are offered to customers who purchase one movie ticket each month.
- Get discounts of up to 15% at more than 3,000 health and wellness stores.
Dining Benefits
Obtain discounts of up to 20% at more than 1,500 restaurants.
Fuel Benefits
At all petrol stations across the nation, you will receive a monthly fuel surcharge waiver of up to Rs. 300.
Travel Benefits
- Free Roadside Assistance (RSA) up to Rs. 1,399 is available.
- Get four complimentary visits per quarter to the domestic airport lounge.
- Access to the train lounge is complimentary (4 visits each quarter).
Insurance Benefits
IDFC First select credit card comes with a host of insurance benefits for the customers.
| Insurance Covers | Amount |
| Travel Insurance Cover | Rs 22,500 |
| Air Accident Cover | Rs 1 Crore |
| Personal Accident Cover | Rs 5,00,000 |
| Lost Card Liability Cover | Rs 50,000 |
| Loss of Checked-in Baggage | USD 500 |
| Delay in Checked-in Baggage | USD 100 |
| Loss of Passport | USD 300 |
| Delay in Flight | USD 300 |
Redeeming Rewards on IDFC First select credit card
- At the Poshvine reward portal or exclusive merchant stores, you can redeem the reward points you’ve accrued through a range of redemption choices.
- For redemption, each accrued reward point is worth 0.25 rupees.
- This credit card’s reward points don’t expire and can be carried over from the previous year.
- A minor reward redemption charge of Rs. 99 + taxes is required.
Fee’s And Charges on IDFC First select credit card
| Type of Fee | Amount |
| Joining fee | NIL |
| Over limit fee | NIL |
| Reward redemption fee | NIL |
| Foreign exchange markup | 1.99% |
| Late payment fee | 15% of the Total Amount Owed (up to a maximum of Rs. 1,000 and a minimum of Rs100) |
| International and domestic cash advance fee | Rs.250 |
Eligibility to Apply for IDFC First select credit card
| Age | 21 to 65 years |
| Interest Free Period | Up to 50 days |
| Employment | Salaried or self-employed |
Required Documents for IDFC First select credit card
| Address proof | 1)Passport 2)Driving Licence 3)Voters ID card |
| Identity proof | 1)Bank statement 2)Voter ID card 3)Driving licence 4)Pension book |
| Income Proof | 1)Bank statement 2)Pay slip 3)Income Tax return |
Comparison
IDFC First select credit card v/s IDFC First Classic credit card
| Basis | IDFC First select credit card | IDFC First Classic credit card |
| Fee | Joining Fee Nil Renewal Fee Nil | Joining Fee Nil Renewal Fee Nil |
| Best Suited For | Travel and Shopping | Travel |
| Reward Type | Reward Points | Reward Points |
| Welcome Benefits | A 5% return on EMI purchases within 30 days of card issuance and welcome gifts in the amount of Rs. 500 in the form of vouchers depending on spending within 90 days of card issuance are also included. | If you spend Rs. 15,000 or more within the first 90 days, you’ll receive a welcome gift ticket worth Rs. 500. Get 5% cashback on the total of your first EMI purchase that is completed within 90 days of card issuance as well. |
IDFC First select credit card v/s IDFC First Wealth credit card
| Basis | IDFC First select credit card | IDFC First Wealth credit card |
| Fee | Joining Fee Nil Renewal Fee Nil | Joining Fee Nil Renewal Fee Nil |
| Best Suited For | Travelling and Shopping | Shopping |
| Reward Type | Reward Points | Reward Points |
| Welcome Benefits | A 5% return on EMI purchases within 30 days of card issuance and welcome gifts in the amount of Rs. 500 in the form of vouchers depending on spending within 90 days of card issuance are also included. | If you spend more than Rs. 30,000 within 90 days, you’ll receive gift cards from premium brands worth Rs. 500 as well as a 5% cashback on your first EMI transaction within the first 30 days. |
IDFC First select credit card v/s IDFC First Wealth credit card
| Basis | IDFC First select credit card | IDFC First Millinea credit card |
| Fee | Joining Fee Nil Renewal Fee Nil | Joining Fee Nil Renewal Fee Nil |
| Best Suited For | Travel | Shopping | Shopping |
| Reward Type | Reward Points | Reward Points |
| Welcome Benefits | A 5% return on EMI purchases within 30 days of card issuance and welcome gifts in the amount of Rs. 500 in the form of vouchers depending on spending within 90 days of card issuance are also included. | Spend Rs. 15,000 within 90 days of card issuance to receive an additional $500 in welcome gift vouchers and 5% cashback on your first EMI purchase. |
Apply For IDFC First select credit card
You can apply for the IDFC First Select Credit Card at your convenience both online and offline. To apply offline, go to your local IDFC First Bank branch with all the necessary paperwork and fill out the physical application form for the card. You must adhere to the following basic steps in order to apply online:
- Visit the IDFC First Bank’s official website.
- Click on the “Credit Cards” option.
- Click on “Select” in the menu.
- Click on “Apply Now” to continue by entering all the necessary information.
Check IDFC First select credit card status
Via Online
First, go to the IDFC First Bank website and select “Credit Cards.”
Step 2: Enter your mobile number, date of birth, application form number, and credit card application reference number.
Step 3: You may now follow the status of your credit card application.
Via Customer care
You can inquire about the progress of your credit card application by calling the IDFC First Bank customer service line at 1800 419 4332.
Contact IDFC First select credit card
Via Phone
1800 10 888
Via E-Mail
banker@idfcfirstbank.com
Conclusion
The IDFC First Select Credit Card presents a compelling option for individuals seeking a versatile and rewarding credit card. With its attractive rewards program, comprehensive travel benefits, lifestyle privileges, and user-friendly banking experience, this card caters to a wide range of consumer needs. However, it’s crucial to consider your spending habits and financial goals before applying for any credit card. Make sure to review the terms and conditions, fees, and eligibility criteria to ensure the IDFC First Select Credit Card aligns with your requirements. Overall, for those looking to maximize their benefits and enjoy a superior credit card experience, the IDFC First Select Credit Card is definitely worth considering.
FAQs
What is the minimum income limit for IDFC First Select credit card?
The monthly minimum required income is Rs. 25,000.
Does the IDFC FIRST Select Credit Card have an annual fee?
No, there are no initiation, membership, or yearly fees associated with this card.
Will the reward points I have on my credit card ever expire?
The IDFC FIRST Select Credit Card reward points do not expire.
Will every POS terminal need me to enter my credit card PIN?
Yes, you must enter a PIN in order to complete any transaction you make in India. If the POS terminal has PIN authentication enabled, you will only need to input the PIN outside of India.
Do the reward points I’ve got on my card have an expiration date?
The reward points you earn with your IDFC FIRST Select Credit Card never expire.
What percentage of my IDFC FIRST Select Credit Card will be subject to GST?
GST will be applied to the fees, charges, and interest rates that apply to your card at a rate of 18%.
Will I be prompted for my credit card PIN at each POS terminal, local or foreign, regardless of location?
Yes, you would be required to provide a PIN in order to complete all transactions in India. However, if the POS terminal is set up for PIN authentication outside of India, then you will simply be prompted for your PIN.
How will my credit card statement be delivered?
Your electronic statement will be delivered to your registered email address and cellphone number through SMS.
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