About IDFC FIRST Select Credit Card
The IDFC FIRST Select Credit Card is a lifetime-free card designed for high spenders looking for a mix of lifestyle and travel perks within India. It offers decent rewards on both online and offline spends, especially when your monthly expenditure exceeds ₹20,000. While the reward rate is on the lower side (₹0.25 per point), the unlimited validity and no capping make it more flexible than many competitors.
The card is best suited for users who can spend consistently, as most benefits—like complimentary lounge access and accelerated rewards—are tied to meeting specific monthly spend thresholds. However, the redemption options are limited mainly to the product catalog, which reduces the overall value.
Post the May 2024 devaluation, the card's reward structure and lifestyle benefits have taken a hit. Movie benefits and lounge access are now limited and conditional. Moreover, despite the low forex markup, it lacks any solid international travel perks, making it less appealing for frequent global travelers.
With a relatively high income requirement of ₹12 LPA, the card competes with semi-premium offerings but doesn’t fully match up in terms of features. Still, it covers daily transactions like utility bill payments and wallet reloads for reward points, which many other cards exclude.
If you want a no-fee credit card and spend heavily each month, this card can still offer value—but casual or light spenders may find the benefits underwhelming.
IDFC FIRST Select Credit Card Rewards Program
Rewards Program:
- 10X rewards on purchases exceeding ₹20,000 per billing cycle
- 10X rewards on birthday spends
- 3X rewards on all online purchases up to ₹20,000/month
- 1X rewards on utility bill payments (1% charge on spends above ₹20,000/month)
- 3X rewards on education, wallet loads & government services (excluded from 10X rewards calculation)
- 1X = 1 reward point per ₹150 spent, with 1 RP = ₹0.25
Other Features and Benefits
- Complimentary Domestic Airport Lounge Access: 2 visits per quarter (on spending ₹20,000 in the previous month)
- Complimentary Railway Lounge Access: 4 visits per quarter
- Low Forex Markup Fee: Just 1.99% on international transactions
- Movie Benefits: Buy 1 Get 1 free offer (up to ₹125), twice a month
- Personal Accident Insurance: Coverage up to ₹5 lakh
- Lost Card Liability Cover: Complimentary cover of ₹50,000
- Fuel Surcharge Waiver: Up to ₹300/month at all Indian fuel stations
- ATM Cash Withdrawal: Interest-free for up to 48 days
- Comprehensive Travel Insurance Cover: ₹22,500 (₹7,500 for loss of checked-in baggage, ₹5,000 for baggage delay, ₹5,000 for passport/document loss, ₹5,000 for flight delay)
Fees and Charges
| 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 Total Amount Due (subject to a minimum Rs.100 and a maximum of Rs.1,000) |
| International and domestic cash advance fee | Rs.250 |
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Document Required For IDFC FIRST Select Credit Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
IDFC FIRST Select Credit Card Highlights
What do we like about this card?
- 10X reward points on all birthday transactions
- 1 reward point for every ₹100 spent
- Complimentary domestic airport lounge access
- Up to 20% discount at 1,500+ restaurants across India
Things to Know Before you apply
Get this card if:
- You want a lifetime-free credit card
- Your monthly credit card spends exceed ₹20,000
- You already own another credit card with international travel benefits
Pros
- Lifetime-free credit card with joining benefits worth up to ₹1,500
- Accelerated reward points with no category restrictions
- Low forex markup fee of 1.99%
- Complimentary airport and railway lounge access
- 10X rewards on birthday spends
- Earn rewards on utility bill payments and wallet reloads
Cons
- Low reward redemption value (1 RP = ₹0.25)
- No international lounge access benefits
- Low reward rate for monthly spends below ₹20,000
- Limited options for reward redemption
Idfc Bank Credit Card Contact Details
- Contact Address: IDFC FIRST Bank Ltd. Naman Chambers, C-32, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Helpline (24x7): 1800 10 888 (Toll-Free for all customers) - Simply SMS: Send “IDFCCREDIT” to 5676732 from your registered mobile number
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Frequently Asked Questions
It’s a good lifetime free option for beginners who want rewards and benefits. The card is especially useful for high spenders (above ₹20,000 per month) because of its incremental reward structure.
You need a minimum annual income of ₹12 lakh to apply.
10X rewards on spends above ₹20,000 in a month and on birthday spends
3X rewards on monthly spends up to ₹20,000
1X rewards (1 point per ₹125) on insurance and utility bill payments
Reward points never expire.
Yes. You get:
4 complimentary railway lounge visits every quarter
2 complimentary domestic airport lounge visits per quarter (on monthly spends of ₹20,000)
Yes. Buy 1 Get 1 free on BookMyShow, up to ₹125, twice per month.
The foreign currency markup fee is 1.99%.
Select: Requires ₹12 lakh annual income, standard benefits
Wealth: Premium variant, requires ₹36 lakh annual income
Wealth offers a lower forex fee, better rewards, and extra lifestyle perks
Both cards are lifetime free.
You can apply online through the official IDFC FIRST Bank website or by contacting customer care.
