IDFC Select Credit Card Review

IDFC FIRST SELECT Credit Card

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What is an IDFC FIRST SELECT Credit Card?

**Disclaimer: IDFC Bank is not a Finserv MARKETS partner. Offers would be from partner Banks/NBFCs only.

 

IDFC FIRST Bank Select credit card is a premium credit card offered by IDFC FIRST Bank. You can enjoy superior rewards, attractive welcome gifts, exciting travel benefits, exciting credit card offers, and much more when you use the card for your transactions. If you are looking to apply for a credit card, take a look at the IDFC FIRST Select credit card review below, to understand the offerings better and make an informed choice.

What are the IDFC FIRST Select Credit Card Features and Benefits?

The IDFC FIRST Select credit card benefits and features are designed to make your transactions more rewarding. Here are some of the top credit card benefits you can expect to enjoy.

No Joining or Annual Fee

The IDFC FIRST Select card is a lifetime free credit card. As a result, you are not required to pay any fees at the time of applying for the card, or annually.

Welcome Benefits

You get a welcome voucher worth ₹500 against spends worth ₹15,000 or more on your IDFC FIRST Select credit card, within 90 days of card issuance.

Complimentary Lounge Access

The IDFC Select credit card offers 4 complimentary airport lounge access per quarter to select airports in India. You also get 4 complimentary railway lounge access per calendar quarter to participating railway stations in the country.

Free Movie Tickets

When you buy one movie ticket, you get up to ₹250 off on your second ticket by using your IDFC FIRST Bank Select credit card on the Paytm Mobile App.

Fuel Surcharge Waiver

You get a 1% fuel surcharge waiver (worth up to ₹300/month) when you use your IDFC FIRST Select credit card to purchase fuel at any of the fuel stations in the country.

EMI Conversion

On your first EMI transaction within the first 90 days of card issuance, you can get 5% cashback on the transaction value. You can also easily and conveniently convert all transactions above ₹3,000 into easy EMIs from your mobile app.

Credit Card Balance Transfer

If you are eligible, you can apply for the credit card balance transfer facility to clear dues of other bank credit cards conveniently using your IDFC First Select credit card.

Other Benefits

The card comes with complimentary Road Side Assistance (RSA) worth ₹1,399, up to 4 times in a year, all over India. You also get an Air Accident Cover of ₹ 1 crore, Personal Accident Cover of ₹5,00,000, Comprehensive Travel Insurance Cover of ₹22,500, and Lost Card Liability Cover of ₹50,000.

What are the IDFC Bank Select Credit Card Fees and Charges?

Type of Charge

Amount

Joining fee

Nil

Annual fee

Nil

Interest charge on purchases due

0.75% - 3% per month or 9% - 36% per year

Overdue interest (in case of non-payment of Minimum due by payment due date)

3.99% per month or 47.88% per year

Cash advance interest rate

0.75% - 3% per month or 9% - 36% per year

Cash withdrawal charges

₹250

Add-on credit card fee

Nil

Late payment charges

15% of Total Amount Due (minimum ₹100 and maximum ₹1,000)

Over limit charges (up to 10%)

Nil

Returned cheque charges

₹250

Foreign currency mark-up

1.99%

Cash payment fee

Nil

Re-issue/ Replacement of credit card

₹100

Duplicate statement request charge (beyond last 3 months)

Nil

IDFC Bank Select Credit Card Reward Points

You can earn IDFC FIRST Select Credit Card Reward Points against most transactions apart from fuel, insurance, EMI transactions and cash withdrawals. The type of rewards you can earn are mentioned below:

  • 10X Reward Points on incremental spends above ₹20,000 per month

  • 10X Reward Points against purchases made on your birthday

  • 6X Reward Points against online purchases worth up to ₹20,000 per month

  • 3X Reward Points against in-store spends worth up to ₹20,000 per month

(1X = 1 Reward Point for every ₹100 spent; 1 Reward point = ₹0.25)

Do note that the IDFC FIRST Select credit card reward points never expire and you can use them to pay instantly for your online or in-store purchases. There are no fees involved in the redemption of credit card reward points.

What is the IDFC Bank Select Credit Card Eligibility Criteria?

To apply for a credit card from IDFC Bank, you need to meet the below-mentioned eligibility criteria:

  • You need to be at least 18 years of age.

  • You need to have a score of 750 and above.

  • You must be a resident of India or a Non-Resident Indian.

The precise credit card eligibility criteria would be communicated to you at the time of applying for the card.

How to Apply for an IDFC Bank Select Credit Card?

Once you have evaluated the different IDFC Bank credit card types and decided on the one for yourself, it is time to apply for the same. Please note that IDFC Bank credit cards are not available on the Finserv MARKETS website. However, if you wish to get the best IDFC Bank credit card online, you can apply via the bank’s official website. Alternatively, you can apply offline by calling the IDFC Bank credit card customer care or visiting your nearest IDFC Bank branch.

How to Reach IDFC Bank Select Credit Card Customer Care?

If you have any queries or unresolved grievances concerning your IDFC Bank credit card, you can contact the IDFC Bank credit card customer care on 1860 500 1111. The service is available 24x7 for your convenience.

FAQs on IDFC FIRST SELECT Credit Card

  • ✔️How to contact IDFC Bank Select credit card customer care?

     If you have any questions or concerns regarding your IDFC Bank credit card, you can call the 24x7 IDFC Bank credit card customer care on 1860 500 1111.

  • ✔️What is the IDFC Bank Select Credit Card limit?

     The IDFC Bank Select credit card limit is decided by the bank based on several factors, such as credit history, credit score, etc.

  • ✔️What is the IDFC Bank Select Credit Card eligibility?

     To be eligible for the IDFC Bank Select credit card, you must be at least 18 years of age, have a score of 750 and above, and be a resident of India or a Non-Resident Indian. The precise eligibility criteria based on the credit card type and your profile would be communicated to you at the time of application.

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