|IDFC FIRST Select Credit Card Rating|
Annual Fee ★★★★
Movie Tickets ★★★
Dining Offers ★★
Travel Benefits ★★
|Overall Rating ★★★|
IDFC FIRST Select Credit Card is a premium credit card offering exclusive rewards and travel benefits to its users. To know more about IDFC FIRST Select Credit Card, read below:
IDFC FIRST Select Credit Card at a Glance
|Best Suited For||Rewards, travel and shopping|
|Minimum Income||Rs. 25,000 per month|
|Reward Rate||1% (1 point per Rs. 100)|
1 RP= Rs. 0.25
Key Highlights of IDFC FIRST Select Credit Card
Enjoy Exclusive Reward Points
The IDFC FIRST Select Credit Card comes with never-expiring reward points. With your IDFC FIRST Select Credit Card, you earn 10X reward points on all purchases above Rs. 20,000 and on purchases made on your birthday. Furthermore, the card provides 6X and 3X reward points on online and in-store transactions respectively. The reward points accumulated can be redeemed at any time and used to pay for online or in-store purchases. However, if you are looking for a credit card that is good for online shopping consider going for credit cards such as SBI SimplyCLICK, AmazonPayICICI and FlipkarBank Axis cards. Though these cards are not premium cards, they are much more beneficial for everyday online shopping.
Comparing IDFC First Select Credit Card with other premium cards, you’ll realize that in terms of the 10X rewards, HDFC Diners Club Black is a better choice as its 1 reward point equals Rs 1. Also, the card offers 10X rewards on all spending made via SmartBuy. SBI Elite offers 5X rewards on all purchases made on groceries, dining and departmental stores. 1 RP for SBI Elite also equals Rs.0.25. So, if you are looking for a premium credit card with high rewards rate, HDFC Diners Club Black can be a better option. But what gives IDFC Select an edge over these cards is its relaxed eligibility criteria and zero joining/annual fee.
1 reward point = Rs. 0.25
1X = 1 Reward point per Rs. 100 spent
Relax with Railway Lounge Access
If you travel frequently by train, this may be a very good credit card for you. The IDFC FIRST Select credit card provides 4 complimentary railway lounge visits every quarter, making domestic travel more comfortable for you. Railway lounge access can be enjoyed in the following cities, Delhi, Jaipur, Agra, Ahmedabad, Madurai and Kolkata
Ease up with Domestic Airport Lounge Access
Your IDFC Select Credit Card offers you access to 4 domestic airport lounges per quarter in a calendar year. All you need to do is swipe the card at the airport lounges and avail the benefits. A Rs 2 charge will be applicable to check the validity of your credit card. The card offers complimentary entry for children below 2 years at the discretion of the participating lounges. However, the lounge access is only applicable for the primary cardholder. If you are a frequent traveller, who travels across the country by air, this card can be a very good option for you.
Watch Your Favorite Movies in Theaters
The IDFC FIRST Select Credit Card has a slew of entertainment perks. With this card, you can enjoy a buy one, get one free offer on movie tickets using the Paytm mobile app. The maximum amount on which the offer is valid is Rs. 500. The offer is applicable twice a month and is comparable to the offers from SBI Simply Click, SBI Elite, and ICICI Expressions Credit Card. However, all of these cards have a joining and annual fee, therefore, for movie lovers, the IDFC FIRST Select Credit Card appears to be the perfect option.
Don’t Worry About Your International Purchases
The IDFC FIRST Select Credit Card has a low Forex mark-up of 1.99 %. This is a substantial advantage for those who travel and purchase internationally. IDFC’s low currency mark-up cost is comparable to what super-premium cards such as SBI Elite and HDFC Diners Club Black offer.
Suggested Read – HDFC Diners Club Black Review
Dine at your Favorite Restaurants
With this credit card, you can get more than 50 in-app discounts and up to 20% off at over 1500 restaurants. If you enjoy dining out and are a foodie, this may be a wonderful option for you.
Stop Worrying When on Road
Get free roadside assistance worth Rs. 1,399 anywhere in India 4 times a year. In order to use the service, the cardholder must also provide proof of identity to the fleet vehicle agent. The IDFC First Select Credit Card’s roadside assistance is equivalent to the IndusInd Legend Credit Card‘s auto assist facility.
Other Benefits of IDFC First Select Credit Card
- Personal accident cover of Rs. 5,00,000
- Lost card liability cover of Rs. 50,000
- Fuel surcharges of 1% are waived at all fuel stations in India, up to Rs. 300 per month.
- Travel Insurance Cover of Rs 22,500 (Loss of Checked-In Baggage – Rs. 7,500; Delay of Checked-In Baggage Rs. 5,000, Loss of Passport and other documents – Rs. 5,000 and Delay of Flight – Rs. 5,000)
Limitations of IDFC FIRST Select Credit Card
Considering the relaxed eligibility criteria offered by IDFC Bank, this credit card does not offer many exclusive travel, shopping or rewards benefits. Just like every other variant of IDFC Credit Cards (Wealth, Classic or Millennia), this card also offers the same 10X rewards benefits. IDFC Select is a good card only for those customers, who are looking for a lifetime free credit card offering moderate benefits.
Should you get IDFC FIRST Select Credit Card?
You should go for an IDFC FIRST Select Credit Card if you:
- Wish to avail unlimited rewards on all spends
- Like to watch movies in theatres
- Enjoy Dining at restaurants
- Wish for complimentary railway and airport lounge access
- Do not wish to spend heavily using credit cards
- Looking for a lifetime free credit card
A free credit card for life with unlimited reward points and access to railway and airport lounges, IDFC FIRST Select Credit Card is a good option for people who do not spend a lot via their credit cards and are looking for a credit card with decent benefits and offers.