IDFC FIRST Select Credit Card: All You Need to Know About Features, Benefits, and Rewards

In a marketplace where credit cards are a vital part of everyone’s finances, using the right card can mean a lot when it comes to your financial health and lifestyle. The IDFC FIRST Select Credit Card offers you all this and more, making one of the best credit card for those who love to mix in a dose of rich rewards, lifestyle privileges and ease of money access. With a generous rewards program and an assortment of perks geared toward travellers, shoppers and diners, this card is meant to satisfy all kinds of appetites. If you're a frequent traveler or just like to eat out a lot, this card provides great rewards.

In this article, we will look at everything that one should know about the IDFC FIRST Select Credit Card, such as its features, benefits, rewards system, and how it can complement your lifestyle. Here’s a closer look at this premium credit card offering.

Review Summary of the IDFC FIRST Select Credit Card

You can apply for IDFC FIRST Select credit card and is one of the premium credit card provided by the IDFC FIRST Bank to address the lifestyle requirements for people who travel frequently, dining lovers and also to the smart shopper. Between those great lover points and such an awesome reward system for travel, dining and even the cool features, it's the perfect card for those who want to rack up a lot of points and reap the benefits at every stop along the way.

IDFC FIRST Bank has made an attempt to offer a complete experience with this credit card by combining multiple rewards programs, concierge services and insurance plans so that cardholders can get good value out of their spends.

Highlights of the IDFC FIRST Select Credit Card

Joining and Renewal Fee

• Joining Fee: ₹1,000 plus applicable taxes.

• Renewal Fee: ₹1,000 + Taxes (Reversed on Spends of ₹1.5 Lakhs in a yr)

• Fee Waiver: The annual fee on this credit card can be waived if you spend ₹3,00,000 or more in a year which gives high spenders a lot to look for.

Reward Points Structure

• 10X Reward Points on every ₹150 spent on your credit card for specific category purchases such as online shopping, travel bookings, and dining in partner restaurants.

• 1 Reward Point for every ₹150 spent on other purchases.

• Redemption: The points you earn can be redeemed for rewards like flights, hotel stays, gift cards, and merchandise.

Travel Benefits

• Free Lounge Access: Benefit from unlimited visits to over 1,000 airport lounges globally.

• Travel Insurance Coverage: Protect lost luggage, cancelled flights, and other travel holdups with insurance coverage.

Dining Benefits

• Exclusive Dining Promotions: It offers the discount at selected restaurants and dining outlets.

Cashback and Bill Payment

You can get cashback on utility bill payments and spends elsewhere than the card you make using the IDFC FIRST Select Credit Card xrange. It also offers convenient EMI conversion options for big ticket purchases for added financial advantage.

No Annual Fee for Big Spenders

A great credit card for people who use their card a lot since the annual fee is waved if you spend enough. This makes it an even better pick if you are someone who wants to use your credit card often.

IDFC FIRST Select Credit Card Features and Benefits

There are multiple benefits of IDFCFirst Select credit card, which helps it emerge as one of the sought-after premium credit cards in India. What exactly are the standout benefits?

High Reward Points Earning Potential

IDFC FIRST Select Credit Card reward points structure is one of the highest payout scheme in the credit card industry.
9) Firstly, with 10X Reward Points on special categories like online shopping, dining and travel bookings, card users can earn points fast on their spends. This card is going to be beneficial for those of you who splurge a lot on things like entertainment, shopping, and travel.

Spending ₹150 and earning 10X Reward Points is close to industry best and hence one of the best cards for someone who spends a lot online or dines at premium restaurants frequently.

1 Reward Point per ₹150 on all other spends makes sure that you continue to receive rewards on your daily spends as well, adding value to the card.

Travel Perks

The IDFC FIRST Select Credit Card is, indeed perfect for anyone who travels frequently. But the most attractive benefit for many regular travelers is the unlimited free airport lounge access. Lounge access ensures comfort and convenience in the lead up to your flight, adding value to your travel experience.

• Priority Lounge Access: Card members can relax and enjoy travel with this benefit, offering access to lounges throughout the world.

• Travel Insurance: Cardholders get protection from lost luggage, flight cancellation, and medical emergencies, among other travel insurance benefits while they travel.

Dining Benefits

IDFC FIRST Select Credit Card includes dining privileges at partners restaurants as part of its benefits, helping individuals to avail discounts and offers when they eat out. This perk is perfect for foodies and diners at high-end restaurants.

• Dining Discounts: Get up to 15% discount at partner restaurants with this Card for foodies who prefer eating in fancy restaurants.

• 10X Reward Points on Dining: The extension of 10X Reward Points on dining is an added benefit for food lovers to swipe their IDFC FIRST Select Credit Card when they dine out.

Flexible Repayment Options

The card is also an EMI enabled card for larger purchase where card holder can convert their big bills into easy EMI. This is useful in terms of budgeting and not dealing with large lump sum payments upfront, making it great for larger purchases.

Cashback on Utility Bills

Cashback on utility bill payments is one of the highlights of IDFC FIRST Select Credit Card. Also, if you use the card to settle your electricity, water and telephone bills, you not only accrue points but also enjoy additional cashback benefits, thus making it an ideal choice for day-to-day expenditures.

Financial Security

With IDFC FIRST Select Credit Card, you also get a range of financial safeguards including fraud protection and credit shield. And if your card is ever lost or stolen, a real person will work to get you a new one and stay on top of any fraudulent charges made. Also, credit shield offers a shield to reduce your outstanding in unforeseen situations.

IDFC FIRST Select Credit Card vs Other Premium Credit Cards

The IDFC FIRST Select Credit Card, when weighed against other premium cards available in the market provides a host of benefits for an affordable price. There are other premium cards from HDFC, ICICI and American Express that come with these features, but what differentiates the IDFC FIRST Select card is that:

• Very High Reward Points Return: Nothing even comes close to 10X points return across selected categories.

• No Annual Fee for Big Spenders: This ability to waive the annual fee for those who meet spend is a special benefit.

• Excellent Travel and Food Benefits: Unlimited access to lounges and Dining experiences, you don’t get a better offer than this for travel and food lovers.

• Payment Flexibility: EMI conversion, cashback on bills, and management of expenses, IDFC FIRST Select Credit Card offers the same with other premium cards lacks – flexibility.

IDFC FIRST Select Credit Card Eligibility Criteria

Eligibility

To avail the IDFC FIRST Select Credit Card, applicants are required to fulfill the following criteria:

• Age: You should be aged between 21 to 60 years to apply.

• Income: For salaried individuals applicants should have a minimum monthly income of ₹50,000, whereas, for self-employed individuals applicant should have an annual income of ₹6,00,000.

• Credit Score: A satisfactory credit score (750 or above) is required for approval.

Conclusion

Those who are looking for a premium credit card with a blend of reward points, travel and dining perks, and financial convenience would do well with the IDFC FIRST Select Credit Card. If you’re a traveler, a foodie, or an online shopper you can find plenty of benefits with this card.

With its meager joining and renewal fees, potential to rake in significant rewards and attractive lifestyle benefits, the IDFC FIRST Select Credit Card definitely deserves your consideration if you fancy wallet power and a luxe life. This card’s reward rate is one of the highest, and the reward points will be used if you do enough of the transactions per month, so you will be getting some value out of them! The flexibility of the EMI option and the financial security make it a safe and consistent choice to use for your expenditures.

If you’re looking to bring your credit card experience up a notch and access premium benefits, the IDFC FIRST Select Credit Card may suit your requirements well.