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IDFC FIRST Select Credit Card

The IDFC FIRST Select Credit Card is a lifetime free card ideal for shopping and entertainment. It offers up to 10 reward points per Rs. 150 spent, a low forex markup fee of 1.99% for international transactions, and a Buy 1 Get 1 movie ticket offer, making it travel and leisure-friendly.

IDFC FIRST Select Credit Card

About IDFC FIRST Select Credit Card

The IDFC FIRST Select Credit Card is ideal for users seeking a lifetime-free credit card with multiple perks. It rewards both online and offline spending, especially beyond monthly expenses of Rs. 20,000. While moderate spenders may find it slightly challenging to maximize benefits, high spenders can easily take advantage of its features. The card provides a modest reward value of Rs. 0.25 per point, but the unlimited rewards system—with no expiry or cap—helps balance overall redemption potential.

One limitation is that, despite a low forex markup, it lacks premium international travel perks, which may make it less appealing to those seeking high-end global travel benefits. However, domestic lounge access and travel-related insurance make it a good choice for frequent travelers within India.

With a high annual income eligibility of Rs. 12 lakh, the card competes with semi-premium credit cards targeting a similar segment. Since the May 2024 updates, the rewards program and lifestyle benefits have been slightly reduced. While the redemption value remains low and options are largely limited to the product catalog, everyday spends such as wallet reloads and utility bills are included for rewards. For those who value the lifetime-free feature, the card offers decent but not extraordinary benefits. Spending above Rs. 20,000 per month allows users to unlock 10x reward points and complimentary lounge access, but benefits are minimal for lower monthly spends.

Rewards Program:

  • Earn 10x reward points on purchases exceeding Rs. 20,000 in a single billing cycle.

  • Get 10x reward points on spending during your birthday month.

  • Receive 3x reward points on all online transactions up to Rs. 20,000 per month.

  • Earn 1x reward point on utility payments (a 1% fee applies if utility spends exceed Rs. 20,000 in a billing cycle).

  • Get 3x reward points on expenses related to education, wallet top-ups, and government services (these do not count towards the 10x rewards calculation).

  • Reward point conversion: 1 reward point is earned for every Rs. 150 spent, with each point valued at Rs. 0.25.

IDFC First Select – Travel & Lifestyle Perks

  • Complimentary domestic airport lounge access: 2 visits per quarter (requires spending Rs. 20,000 in the previous month).

  • Complimentary railway lounge access: 4 visits per quarter.

  • Low foreign exchange conversion fee of just 1.99%.

  • Buy 1 Get 1 free on movie tickets up to Rs. 125 (limited to twice a month).

  • Travel insurance coverage worth Rs. 22,500:

    • Loss of checked-in baggage: Rs. 7,500

    • Delay of checked-in baggage: Rs. 5,000

    • Loss of passport and other important documents: Rs. 5,000

    • Flight delays: Rs. 5,000

  • Personal accident insurance cover of Rs. 5 lakh & complimentary lost card liability coverage of Rs. 50,000.

  • Fuel surcharge waiver at all fuel stations in India up to Rs. 300 per month.

  • Interest-free cash withdrawals at ATMs for up to 48 days.

IDFC FIRST Select Credit Card Reward Points & Cashback Calculator

Reward Points Calculator

IDFC FIRST Select Credit Card - Fees & Charges

Particulars Amount
Joining/Annual Fee Nil
Interest Rate / Finance Charges 0.75% to 3.65% per month, or 9% to 43.8% p.a
Late Payment Fee 15% of the unpaid dues, subject to min. of Rs. 100 & max. of Rs. 1,300

Important Information Before Applying

Ideal For:

  • Frequent domestic and international travelers seeking a card with a low forex mark-up fee.

  • High spenders willing to pay a premium annual fee and benefit from milestone rewards.

  • Individuals who regularly book movie tickets on BookMyShow.

  • Users who prefer earning reward points on their spends rather than direct cashback.

Eligibility Requirements:

  • Minimum Monthly Income: Rs. 2.5 lakh.

  • Age: 21–60 years for salaried individuals; 25–65 years for self-employed.

  • Add-on Cardholders: Must be 18 years or older.

  • Nationality: Must be a Resident Indian.

Steps to Close IDFC FIRST Select Credit Card

If you want to close your IDFC FIRST Select Credit Card, you can complete the cancellation process easily through the bank’s digital platforms such as mobile banking or internet banking. The process is simple and can be done without visiting a branch.

Close via Mobile App or Net Banking

  • Step 1: Log in to Your Account
    Sign in to the IDFC FIRST Bank mobile app or internet banking portal using your registered login details
  • Step 2: Open Cards Section
    Go to the Cards or Accounts section and select your IDFC FIRST Select Credit Card
  • Step 3: Choose Card Closure Option
    Find and select the option related to card closure or discontinue card service
  • Step 4: Enter Required Information
    Provide necessary details such as the reason for closing the card and complete the verification process as prompted
  • Step 5: Submit the Request
    Carefully review the entered details and confirm your request
    You may need to complete OTP verification for final approval

Important Points Before Closing the Card

  • Make sure all outstanding balances, fees, and EMIs are fully cleared
  • Redeem any remaining reward points or benefits before initiating closure
  • Cancel all active subscriptions and auto-debit instructions linked to the card
  • Avoid using the card once the closure request has been submitted

After Submitting the Closure Request

  • Do not perform any further transactions on the card
  • Cut and dispose of the physical card safely after receiving confirmation
  • Check your credit report after a few weeks to ensure the card status is updated as “Closed”

IDFC FIRST Select Credit Card Helpline Number

If you need help related to your IDFC FIRST Select Credit Card, you can contact the customer support team of IDFC FIRST Bank. The bank offers 24×7 assistance for issues such as billing queries, transaction disputes, card blocking, and closure requests.

Customer Care Numbers (24×7)

These contact numbers are available at all times for credit card-related support and emergency assistance.

Email Support

You can write to the bank from your registered email ID for queries, complaints, or service requests.

Services Provided by Customer Care

  • Assistance with credit card billing and transaction issues
  • Support for payment status and monthly statements
  • Help with blocking lost or stolen cards
  • Guidance for credit card closure or cancellation requests
  • General account and banking-related support

Important Instructions

  • Always keep your registered mobile number and identity details ready for verification
  • Use only official contact channels of IDFC FIRST Bank to avoid fraud or misuse
  • Immediately report and block your card if you notice any suspicious activity

FAQs

Is the IDFC FIRST Select Credit Card a good choice?

The IDFC FIRST Select Credit Card is ideal for beginners looking for a lifetime-free card with rewards. High spenders, particularly those spending above Rs. 20,000 per month, can maximize its benefits due to the incremental reward structure.

IDFC FIRST Wealth is a premium card compared to Select. While both are lifetime-free, Wealth requires a higher annual income (Rs. 36 Lakh vs. Rs. 12 Lakh for Select) and provides additional perks such as lower forex fees, higher reward rates, and enhanced lifestyle benefits.

The card charges a forex conversion fee of 1.99% on international transactions.

  • 10X reward points on monthly spends above Rs. 20,000 and on birthday transactions.

  • 3X points on all online transactions up to Rs. 20,000 per month.

  • 1X point (1 point per Rs. 150 spent) on utility and insurance payments.

Yes, cardholders can enjoy a Buy 1 Get 1 free movie ticket offer on BookMyShow, up to Rs. 125 per ticket, available twice a month.

You can apply through the official IDFC FIRST Bank website or by contacting their customer support.

Individuals with an annual income of Rs. 12 Lakh or more are eligible to apply.

Yes, the card offers:

  • 2 complimentary domestic airport lounge visits per quarter (subject to Rs. 20,000 spend in the previous month).

  • 4 complimentary railway lounge visits per quarter.

No, the reward points earned on this card do not have an expiry date.

Cardholders receive 2 domestic airport lounge visits and 4 railway lounge visits per quarter.