Travel on Points

IDFC FIRST Select Credit Card

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  • Joining fee

    Nil

  • Annual fee

    Nil

  • Best suited for

    Travel, Shopping

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    10 Reward Points per ₹200 Spent on Dining, Travel, and International Transactions, 1X Reward Points per ₹200 Spent on Insurance, Utilities, Railways, and FASTag Recharges, and 3 Reward Points per ₹200 Spent on All Other Eligible Transactions

  • Welcome benefits

    Vouchers worth ₹500 on spends of ₹5,000 within 30 days of card issuance. Also, get a 5% cashback on EMI transactions (up to Rs. 1,000) within 30 days of card issuance.

  • Reward redemption

    1 Reward Point = ₹0.25. Redeem Points for Vouchers, Travel, and More

Benefits

  • Movie & dining

    “Buy One Get One” on Movie Tickets Up to ₹125 via District (Benefit Can Be Availed on Spending ₹20,000 in the Previous Month)

  • Travel

    Complimentary 4 Railway Lounge Access Per Quarter (Benefit Can Be Availed By Spending ₹20,000 in the Previous Month)

  • Domestic lounge

    1 Complimentary Domestic Airport Lounge Access Every Quarter (Benefit Can Be Availed By Spending ₹20,000 in the Previous Month)

  • Insurance

    Air Accident Cover Worth ₹1 Crore, Personal Accident Cover Worth Up to ₹5 Lakh, and Travel Cancellation Cover Worth Up to ₹10,000

Fees & charges

  • Rewards redemption fee

    ₹99 + GST

  • Foreign currency markup

    1.99%

  • Interest rates

    8.5% to 46.2% Per Annum

  • Fuel surcharge waiver

    1% Waiver for Fuel Transactions Between ₹200 and ₹5,000

  • Cash advance charges

    ₹199 + GST Per Transaction

Product highlights

  • Gift vouchers worth ₹500 and 5% cashback on EMI transactions as a welcome benefit.
  • 10x Rewards for spending on travel, dining, and foreign transactions.
  • Low foreign currency markup (1.5%)
  • Complimentary railways and airport lounge access every quarter.
  • Air accident cover worth ₹1 crore and Personal Accident Cover worth ₹5,00,000
  • Lost card liability covers worth ₹50,000
  • 1% fuel surcharge waived on all fuel purchases

Pros & cons

Pros

  • This is a lifetime free credit card without any joining or renewal charges.

Cons

  • Although the card offers several benefits like complimentary airport lounge access, railway lounge access, and buy-one-get-one movie ticket offers, these benefits can only be availed if the cardholder spends ₹20,000 or more in the previous quarter.

FAQs

What is the monetary reward rate on redemption of reward points on my IDFC First Select credit card?

You get a reward rate of ₹0.25 redemption of reward points accumulated using the IDFC First Select credit card.

What is the foreign markup fee charged on this IDFC First Select credit card?

You get charged with a foreign markup fee of 1.99% on the conversion amount.

Do I get zero-liability protection in case of loss or theft with my IDFC First Select credit card?

You get a zero liability protection cover up to ₹50,000 on this credit card.

Do I get charged with any reward redemption fee using my IDFC First Select credit card?

Yes, you have to pay a reward redemption fee of ₹99 plus taxes.