IDFC First Bank offers a few ranges of credit cards but they are all of top-notch quality. The IDFC First Select Credit Card is one of the premium credit cards best suited for shopping and travel. You get multiple rewards with this credit card.
To avail of this credit card, you need to fulfill certain eligibility requirements like minimum age, stable income proof, a good credit score above 750, and so on. If you are wondering whether it will be the right credit card for you or not then the answer is in you. You need to identify your needs and spending habits if they match this credit card’s features and benefits then you can be sure that this is the right credit card for you.
Hereunder is the review of the IDFC First Select Credit Card, without any further ado, keep reading to kick start your research.
- Fees and other Charges: To begin with the fees, there are no joining and annual fees on the IDFC First Select Credit Card. It’s a lifetime free credit card. Moreover, you get to enjoy a low foreign markup fee and low-interest rates as well on this credit card which is definitely a plus point for the credit cardholders.
- Welcome Benefits: On-card issuance, you get a gift voucher worth Rs. 500 and a 5% cashback on EMI transactions within 90 days of receiving the credit card. These are the sign-up benefits that you get with this credit card.
- Reward Rate: Now coming on to the most important section, on spending Rs. 100 offline you get to earn 3 reward points whereas on online transactions you get to earn 6 reward points. In case you spend more than Rs. 20,000 using this card then you are rewarded with 10 reward points.
- Travel Benefits: This card offers you two types of travel benefits. You get 4 complimentary domestic airport lounge access and 4 complimentary railway lounge access per quarter.
- Movie and Dining Benefits: With this card, you can save up to 20% on dining bills at partner restaurants and under movie benefits you get Buy One Get One offer on booking movie tickets from BookMyShow.
- Insurance Benefits: You get a personal accident cover worth up to Rs. 5 lakhs and a travel insurance cover worth up to Rs. 22,500 with the IDFC First Select Credit Card.
- Fuel Surcharge: On fuel transactions at all petrol pumps you get a 1% fuel surcharge waiver on using this card to pay the bill.
- Reward Redemption: You can redeem your accumulated reward points from a variety of redemption options at the Poshvine reward portal. 1 reward point is equivalent to Rs. 0.25. Also, there is no reward redemption fee on this card, unlike other credit cards.
Bottom Line:
To conclude, with so many features and benefits you can never go wrong with this credit card. You will definitely get a lifetime rewarding experience with it. In order to maximize the benefits of this credit card then adhere to the timely repayment cycles and maintain a low credit utilization ratio.
Do share your experience with the IDFC First Select Credit Card in the comment section.
Additional Reading – Benefits Of Having An IDFC First Credit Card