IDFC First Select Credit Card: Benefits & Features with Eligibility Criteria

[arjungoyal12]

IDFC First Select Credit Card is a premium offering from IDFC First Bank, known for its diverse range of benefits and exclusive features. This card gives to various needs, making it a popular choice among customers.

Welcome Benefits and Fees of IDFC First Select Credit Card

• No joining fee or renewal fee, making it a lifetime free credit card.
• Enjoy a welcome voucher worth Rs 500 on spending Rs 15,000 within 90 days of card issuance.
• Additionally, avail a 5% cashback on EMI transactions (up to Rs 1,000) within 30 days of card issuance.

Best Suited For:

• Ideal for travel and shopping enthusiasts.

Reward Points:

• Earn 3 Reward Points on each Rs 125 spent offline, 6 Reward Points on each Rs 125 spent online, and 10 Reward Points on every Rs 125 spent above Rs 25,000.
• Redeem 1 Reward Point for Re. 0.25 at the Poshvine reward portal or exclusive merchant stores.

Travel Benefits:

• Enjoy complimentary airport "Meet and Greet" at 450+ global destinations.
• Discounts on fast-track immigration services and more.
• Access premium services at over 900 luxury hotels worldwide.
• 4 complimentary railway lounge accesses per quarter.

Movie & Dining:

• "Buy One Get One" offer on movie tickets (up to Rs 250) using the Paytm app.
• Up to 20% discount on dining at 1500+ restaurants.

Insurance and Protection:

• Air accident cover of Rs 1 Crore, personal accident cover up to Rs 5,00,000, and travel insurance cover up to Rs 22,500.
• Zero liability protection cover of Rs 50,000 against fraudulent transactions.

Additional Benefits:

• Lowest forex markup fee of 1.99% for international transactions.
• 1% surcharge waiver on fuel transactions, with a maximum discount of Rs 300.
• Lifetime membership free.

Rewards Program:

• Accelerated points: 10x on purchases above Rs 25,000, 6x on birthday spends, and 6x on online spending.
• 3x points on offline spending up to Rs 25,000.
• 1x points on utility bills and insurance premium payments.

Redemption and Fees:

• Redeem points at the Poshvine reward portal or exclusive merchant stores.
• Points do not expire and can be carried forward.
• Small redemption fee of Rs 99 plus taxes.

Eligibility and Application:

• Minimum age: 21 years.
• Salaried or self-employed with an annual income of Rs 12 Lakh or more.
• A decent credit score is required.

Conclusion

The IDFC First Select Credit Card with a rating of 4/5, offers a lot of benefits across various categories, making it a valuable addition for those seeking travel, shopping, and lifestyle perks. The lifetime free membership, competitive rewards program, and comprehensive insurance coverage enhance its appeal.

 

[Skylar]

I would rate this card 1/5

Rewards value - 1 Reward = 0.25/-
Online - 6 Rewards = 1.5/-
Offline - 3 Rewards = 0.75/-

And to redeem those rewards we have to pay 99 + 17.82 (18%GST)

Only good thing about card is

• "Buy One Get One" offer on movie tickets (up to Rs 250) using the Paytm app.

 

[plumlog.com]

The IDFC First Select Credit Card is an entry-level credit card with a lifetime free annual fee. Here's a breakdown of its benefits, features, and eligibility criteria:

Benefits:

• Rewards:
  • Earn 6x reward points on all online transactions.
  • Earn 1 reward point for every Rs. 100 spent on other categories (except fuel, EMI transactions, and cash withdrawals).
  • Get 10x reward points on spends greater than ₹20,000.
  • Earn welcome gift vouchers worth Rs. 500 from Amazon/Ola/Swiggy upon spending Rs. 15,000 within the first 3 months of card issuance (subject to change).
  • 5% cashback up to ₹500 on your first EMI transaction done within 90 days of card setup (subject to change).
• Travel:
  • Complimentary domestic airport lounge access (up to 4 visits per quarter).
  • Complimentary railway lounge access (up to 4 visits per quarter).
  • Low foreign exchange markup fee of 1.99%.
  • Personal Accident Cover of Rs. 2 Lakhs.
• Lifestyle:
  • Up to 20% discount on dining at over 1500 restaurants across India.
  • 25% discount on movie tickets (up to Rs. 100) once a month.
  • 15% discount on spending at over 3000 health and wellness outlets.
  • 50+ in-app discounts.
• Others:
  • Interest-free cash withdrawals on domestic and international ATMs for up to 48 days (subject to a cash advance fee).
  • Low interest rates (APR) starting from 0.75% per month (9% per annum).

Features:

• Lifetime free annual fee.
• Contactless payments enabled for faster and secure transactions.
• Online account management for easy tracking of expenses and rewards.

Eligibility Criteria:

While IDFC First Bank doesn't publicly state the exact credit score requirement, it's generally safe to assume a minimum score of 700 or above is needed for approval. Here are some general eligibility parameters:

• Must be a resident of India with a valid PAN card.
• Should be salaried or self-employed with a minimum income requirement (which may vary).
• Age requirement is typically between 18 and 65 years.
• A good credit history with no defaults on previous loans or credit cards.

To know the latest eligibility criteria and application process, it's best to visit the IDFC First Bank website (***********.idfcfirstbank.com/credit-card/select) or contact their customer care.

 

[zacobite]

The IDFC First Select Credit Card is an entry-level credit card with a lifetime free annual fee. Here's a breakdown of its benefits, features, and eligibility criteria:

Benefits:

• Rewards:
  • Earn 6x reward points on all online transactions.
  • Earn 1 reward point for every Rs. 100 spent on other categories (except fuel, EMI transactions, and cash withdrawals).
  • Get 10x reward points on spends greater than ₹20,000.
  • Earn welcome gift vouchers worth Rs. 500 from Amazon/Ola/Swiggy upon spending Rs. 15,000 within the first 3 months of card issuance (subject to change).
  • 5% cashback up to ₹500 on your first EMI transaction done within 90 days of card setup (subject to change).
• Travel:
  • Complimentary domestic airport lounge access (up to 4 visits per quarter).
  • Complimentary railway lounge access (up to 4 visits per quarter).
  • Low foreign exchange markup fee of 1.99%.
  • Personal Accident Cover of Rs. 2 Lakhs.
• Lifestyle:
  • Up to 20% discount on dining at over 1500 restaurants across India.
  • 25% discount on movie tickets (up to Rs. 100) once a month.
  • 15% discount on spending at over 3000 health and wellness outlets.
  • 50+ in-app discounts.
• Others:
  • Interest-free cash withdrawals on domestic and international ATMs for up to 48 days (subject to a cash advance fee).
  • Low interest rates (APR) starting from 0.75% per month (9% per annum).

Features:

• Lifetime free annual fee.
• Contactless payments enabled for faster and secure transactions.
• Online account management for easy tracking of expenses and rewards.

Eligibility Criteria:

While IDFC First Bank doesn't publicly state the exact credit score requirement, it's generally safe to assume a minimum score of 700 or above is needed for approval. Here are some general eligibility parameters:

• Must be a resident of India with a valid PAN card.
• Should be salaried or self-employed with a minimum income requirement (which may vary).
• Age requirement is typically between 18 and 65 years.
• A good credit history with no defaults on previous loans or credit cards.

To know the latest eligibility criteria and application process, it's best to visit the IDFC First Bank website (***********.idfcfirstbank.com/credit-card/select) or contact their customer care.

good mid level card.. LTF is gd.. stepping stone to wealth card if used well

 

[Skylar]

good mid level card.. LTF is gd.. stepping stone to wealth card if used well

@zacobite This is what I was talking about, AI generated Post and AI generated comments

 

[zacobite]

@zacobite This is what I was talking about, AI generated Post and AI generated comments

NONE of my posts are AI generated? why do u say that??
In a different way will take it as a compliment.. LOL

 

[Skylar]

NONE of my posts are AI generated? why do u say that??
In a different way will take it as a compliment.. LOL

Bro, I'm telling you this post is AI generated and see that comment of plumlog is AI generated.

I tagged you to show the AI genrated posts and comments, I'm not saying your comments are AI generated

 

[jain_shrey]

After devaluation, does it still make sense to hold this card?

 

[zacobite]

After devaluation, does it still make sense to hold this card?

yes.. it is ltf.. has spa access if u spend 20k p. m and has the LOWEST interest rates in case you carry over dues..

 

[Skylar]

After devaluation, does it still make sense to hold this card?

If you consider return on spend then this card is absolute deal breaker with just 0.5% return.
If you already have it, you can keep it for a 10% instant discount during sales.

 

[sahab]

At the time of taking this card,It was LTF , but this month idfc first select charged me annual fee Rs 199+18% GST, why?