IDFC FIRST Select Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

- Welcome benefit includes gift vouchers worth Rs 500 and 5% cashback on EMI transactions. - Earn 10x rewards for every Rs. 125 spent on purchases above Rs. 20,000. - Earn 10x reward points on every Rs. 125 spent on your birthdays. - Get 3x reward points on every Rs. 125 spent on online purchases. - Enjoy 3x rewards on every Rs. 125 spent on offline purchases up to Rs. 25,000. - Benefit from low interest rates (0.75% – 2.99%) and a low foreign currency markup (1.5%). - Complimentary access to railways and airport lounges every quarter. - Receive air accident cover worth Rs. 1 Crore and personal accident cover worth Rs. 5,00,000. - Lost card liability covers worth Rs. 50,000. - 1% fuel surcharge waived on all fuel purchases.

The IDFC FIRST Select Credit Card is a fantastic option for individuals who love to travel and shop.

With a joining fee and renewal fee of Nil, this card offers great value for money.

One of the standout features of this card is the reward program.

Cardholders earn Reward Points on every purchase made both offline and online.

For every Rs. 125 spent, you earn 3 Reward Points.

However, if you spend above Rs. 20,000, you earn 10 Reward Points for every Rs. 125 spent.

These Reward Points can be redeemed for a variety of benefits.

As a welcome bonus, you will receive vouchers worth Rs. 500 when you spend Rs. 15,000 within 90 days of receiving the card.

Additionally, you can enjoy a 5% cashback on EMI transactions, up to Rs. 1,000, within 30 days of card issuance.

If you are a movie enthusiast, you will love the "Buy One Get One" offer on movie tickets, up to Rs. 125, when booking through the Paytm app.

Dining out also becomes more enjoyable with up to a 20% discount at over 1500 restaurants.

For frequent travelers, this card offers excellent benefits.

You can avail of the Airport "Meet and Greet" service at more than 450 destinations worldwide, ensuring a hassle-free travel experience.

The card also provides airport transfers and concierge services, adding a personal touch to your travels.

Furthermore, you will gain access to premium services and benefits at over 900 luxury hotels worldwide.

As an added bonus, you receive four complimentary railway lounge access passes per quarter.

If you are someone who frequently visits domestic airports, the IDFC FIRST Select Credit Card grants you two complimentary domestic airport lounge access passes every quarter.

This equates to eight passes per year, allowing you to relax and unwind before your flight.

When it comes to insurance, this card offers comprehensive coverage.

You will have an air accident cover worth Rs. 1 crore, a personal accident cover worth up to Rs. 5,00,000, and a travel insurance cover worth up to Rs. 22,500.

Although there is no spend-based waiver for the annual fee, the rewards redemption fee is reasonable at Rs. 99 plus taxes.

The foreign currency markup is 1.99% of the total conversion amount, which is competitive compared to other credit cards.

The interest rate of this card ranges between 0.75% to 3.5% per month, depending on the credit history of the individual.

Furthermore, for those who frequently make fuel purchases, this card offers a 1% surcharge waiver on all fuel transactions at petrol pumps across India, with a maximum amount of Rs. 300.

Lastly, the cash advance fee for this card is Rs. 199 per transaction, which is relatively standard for credit cards.

In conclusion, the IDFC FIRST Select Credit Card is a top choice for individuals who love to travel and shop.

With its impressive rewards program, welcome benefits, and exclusive offers, it provides excellent value for money.

Additionally, the insurance benefits and airport lounge access make this card a compelling option for frequent travelers.

However, individuals should consider their credit history and usage patterns before opting for this card.