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IDFC FIRST Bank Select Credit Card
★★★★☆(4.8)Are you someone who loves to frequently travel, dine out, and earn reward points through credit card usage? If so, the IDFC First Select Credit Card is just what you need! This credit card is not only lifetime-free, but it also offers access to 4 railway lounges every quarter. With its reward rate ranging from 0.2% to 1.7%, the card is ideal for those who desire to accumulate reward points while enjoying the benefits of railway lounges. Want to know more? Keep reading to see if this credit card is ideal for you.
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Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
FreeAnnual Fee
FreeAnnual Percentage Rate
42%Add-on Card Fee
FreeMinimum Repayment Amount
5%Cash Withdrawal Fee
₹199Cash Advance Limit
NACard Replacement Fee
₹100Foreign Transaction Fee
1.99%Over Limit Penalty
2.50%Fuel Transaction Surcharge
1%Reward Point Value
₹0.25Late Payment Charges
15% of Total Amount Due subject to a minimum of ₹ 100 and a maximum of ₹ 1250.Pros
Aspects that make this credit card amazing.
- ⮚The card offers a 1% Fuel surcharge waiver.
- ⮚It comes with 24/7 concierge service.
- ⮚Personal Accident cover of ₹ 5,00,000.
- ⮚Low forex markup fee of 1.99%.
- ⮚Offer 10X reward points on purchases above ₹ 25,000.
Cons
Aspects this credit card lacks.
- ⮚No reward points on Fuel & EMI transactions.
- ⮚Gold and Jewellery linked transaction is not permitted for EMI conversion.
- ⮚It charge high-interest from 9% to 42%.
- ⮚All merchants may not accept the card, especially in remote or rural areas.
IDFC FIRST Bank Select Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
Overview
| Best Suited | Rewards & Online Shopping. |
|---|---|
| Rewards | 10x Rewards for every ₹150 spent on purchases above ₹20,000. |
| Welcome Bonus | Gift voucher worth ₹500 and a cashback of 5% on the first EMI transaction done within 90 days of card activation |
| Annual/Joining Fee | Lifetime Free |
IDFC FIRST Bank Select Credit Card Maximum Cashback
| Category | Reward Points per ₹150 |
|---|---|
| General Spending | 1 |
| Offline Spending (up to ₹20,000) | 3 |
| Insurance premium and Utility bill payments | 1 |
| Rental & Property Spends | 3 |
| Birthday Spending | 10 |
Who should get an IDFC FIRST Bank Select Credit Card?
How to Apply for an IDFC FIRST Bank Select Credit Card?
IDFC FIRST Bank Select Credit Card Eligibility
Applicants must be at least 18 years of age and have a steady source of income to be eligible for a credit card.
Documents Required
- Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.