Features
- 10X Reward Points on every Rs. 125 spent on spends above Rs. 25,000 per month and spends done on your birthday
- 6X Reward Points on every Rs. 125 spent on online shopping for spends upto Rs. 25,000
- 3X Reward Points on every Rs. 125 spent on offline shopping for spends upto Rs. 25,000
- (1X = 1 Reward point per ₹125 spent | 1 Reward point = ₹0.25)
- 'Buy one, get one' offer on movie tickets up to Rs. 250 on PayTM mobile app (valid twice per month)
- 4 complimentary Domestic airport lounge visits per quarter
- 4 complimentary Railway lounge visits per quarter
- Up to 20% discount at 1500 restaurants
- Up to 15% discount at 3000 Health & Wellness outlets
Pricing
- No annual fee. Lifetime Free Credit Card
Documents Required
- Depending on offer generated all offers have a no- document option along with below offers
- Card statement (card vintage more than 12 months) for Salaried and Self-employed
- Last 6 months bank statement (salary account) for Salaried
- Latest ITR with 3 months Bank statement for Self-employed
First Select Credit Card
The First Select Credit card issued by IDFC Bank is lifetime free and comes with low interest rates. With premium travel perks and reward points, it is a card worth having. A unique feature of this card is the interest-free cash withdrawal period of 48 days. Most cards start charging from the first cash withdrawal itself. Apply for this card on CreditMantri easily and quickly. You can check your credit card eligibility for the card just by entering some basic details like monthly income, registered mobile number, etc.Key Highlights of The Card
Lifetime free credit card with Nil joining or annual fee |
Upto 10x reward points that never expire |
Convenience fee for reward redemption of Rs. 99 effective from 1st October 2022 |
Low interest rates starting from 0.75% to 3.5% per month (9% to 42% per annum) |
Overlimit charges of 2.5% of the overlimit amount for transactions exceeding the credit limit |
Markup charges of 1.99% on foreign currency transactions |
Late payment fee - 15% of the total outstanding amount (subject to a minimum of Rs. 100 and a maximum of Rs. 1250) |
Cash advance fee of Rs. 250 on international and domestic transactions |
First Select Credit Card - Benefits and privileges
Rewards:
- 10x reward points on spends above Rs. 20,000 and on spends done for your birthday.
- 6x reward points on online purchases for spends up to Rs. 25,000
- 3x reward points on offline purchases for spends up to Rs. 25,000
- Reward points are unlimited and will never expire
- You can redeem reward points easily
- A convenience fee of Rs. 99 plus applicable taxes will be charged on rewards redemption effective October 1st 2022.
- Earn 1 reward point per Rs.125 spent
- 1x = 1 reward point, 1 reward point = Rs. 0.25
The following are not included for rewards:
- Rewards program is not applicable for Fuel, insurance transactions, EMI, and cash withdrawals.
- Rental and property management transactions will not earn 10x reward points but they are included for 3x reward points.
Welcome Privileges
- Welcome voucher worth Rs. 500 on spends of Rs. 15,000 or more.
- Applicable on spends done within 3 months of card issuance.
- 5% cashback (Up to Rs. 1000) on the first EMI transaction done within 3 months of issuing the card.
Other Offers:
- 300+ merchant offers all throughout the year
- Up to 20% discount at 1500+ restaurants
- Up to 15% discount at 3000+ health and wellness outlets
- 4 complimentary domestic airport lounge visits quarterly
- 4 complimentary railway lounge visits per quarter
- Complimentary roadside assistance of Rs. 1,399
- Fuel surcharge waiver of 1% across all fuel stations in India (Up to Rs. 300 per month)
- Air Accident Cover of Rs. 1crore (This is valid on doing at least one transaction using the FIRST Select Credit Card in last 30 days)
- Personal Accident Cover of Rs. 5,00,000 (This is valid on doing at least one transaction using the FIRST Select Credit Card in last 30 days)
- Lost card liability cover of Rs. 50,000
- Comprehensive Travel Insurance Cover of Rs. 22,500
- Rs. 7500 for loss of checked-in baggage
- Rs. 5000 for delay of checked-in baggage
- Rs. 5000 for loss of passport and other documents
- Rs. 5000 for delay of flight
Other Benefits:
All these benefits are subject to the eligibility criteria set by the bank.- Conversion of all transactions above Rs. 2500 into easy and convenient EMIs from your mobile app.
- All online transactions above Rs. 2,500 can be converted to EMIs instantly on the bank’s OTP page.
- You can conveniently transfer the balance on other cards to the IDFC credit card using the balance transfer option.
First Select Credit Card - Fees and Charges
Joining Fees | Nil |
Annual Fees | Nil |
Add on card Fees | Nil |
Interest rate on cash advances, purchases, and outstanding balances due | Monthly rate - 0.75% - 3.5% Annual Rate - 9% - 42% |
Overdue Interest (will be charged if you don’t pay the minimum amount due by the payment due date) | Monthly Rate - 3.99% Annual Rate - 47.88% |
Cash advance transaction fee (Certain international outlets or ATMs allow the conversion of international currency to INR at the time of withdrawal or sale. Then the cash advance transaction fee may include any charges levied by the service provider) | Rs. 250 |
Late payment charges | 15% of the total amount due (subject to a minimum of Rs. 100 and a maximum of Rs. 1250) |
Overlimit Charges | 2.5% of the over limit amount (Subject to a minimum charge of ₹500) for transactions that exceed the credit limit |
Return of cheque/auto debit/payment return | Rs. 250 for each returned cheque, auto debit, or payment return |
Fee on cash payment at branches | Nil |
Outstation cheque processing fee | Nil |
Duplicate statement request | Nil |
Card replacement fee | Rs. 100 |
Cheque/Cash processing fee | Nil |
Chargeslip request | Nil |
Forex markup fee | 1.99% |
EMI Fees | 1% of transaction value (minimum Rs. 99) |
Fuel Surcharge Waiver | Rs. 300 per statement cycle (The fuel surcharge is levied by the merchant and the upper limit on fuel surcharge waiver will be capped at 1%) |
Goods and Service Tax (GST) | The GST rate is 18% currently as set by the government of India. It is applicable on all fees, interest, and other charges. It is subject to change. |
Eligibility Criteria For First Select Credit Card.
- Age Policy: 21 years and above.
- The applicant must qualify as an Indian resident and must have a current or permanent residential address within India. He/she must belong to any one of the sourcing locations as specified by the bank.
- Credit Score: The applicant must have a good credit score and there must be no history of defaulting on loans or credit cards. The credit score indicates that the person will pay his dues on time.
- Income: The minimum net monthly income of Rs. 25,000 (subject to change).
- Internal Policy Criteria: The bank carries out certain internal policy checks on the customer before deciding to issue the credit card. These are based on his credit history, current relationship with the bank, customer demographics, and credit exposure. The bank will issue the credit card based on the evaluation of his/her credentials. The final decision is at the bank’s discretion, and it can issue the credit card in spite of the applicant not meeting the eligibility criteria
Documents Required for First Select Credit Card
Identity Proof | Either of the following: Or any other photo ID authorized by the government. |
Income Proof |
|
Address Proof | Either of the following:
Or any other address proof authorized by the government |
How to Apply For the First Select Credit Card?
1. Online Through the CreditMantri website
- After knowing about all the features of the First Select Credit Card and determining whether it is suitable for you, click on “Check Eligibility”
- You will be taken to the application page.
- Enter the basic details asked for and click ‘Submit’
- An OTP will be sent to your mobile.
- Enter this OTP for verification
- Proceed with the rest of the application.
2. Online Through The Bank’s Website
- Visit the website of IDFC FIRST Bank.
- Click on ‘personal banking’.
- Choose the tab called ‘Cards’.
- Click on FIRST Select Credit Card
- Input the Name as per Aadhaar, Date of Birth, and Mobile number.
- Click ‘Get OTP’
- Once done, enter your primary details.
- A representative of the bank will get in touch with you and tell you about the next set of steps to be followed.
3. Offline
You can apply for the credit card offline by visiting the bank’s branch and submitting an application form, calling customer care, sending an SMS, through mobile app, etc.First Select Credit Card Bill Payment
Here are payment options given by IDFC Bank for you to make credit card bill payments easily and conveniently.
1. Through Netbanking or debit card: IDFC Bank offers efficient netbanking services to help you pay your credit card bills easily from anywhere and anytime. You can use any bank account to pay through netbanking or debit cards
2. Simple steps to pay via netbanking for IDFC First Bank App Users
- Go to credit card > Pay Bill
- Pay your credit card bill after you login to IDFC netbanking
- To automate your payments, you need to register an auto-debit instruction on your IDFC First Bank account. Follow the steps above and enable ‘Autopay future bills’.
Easy steps to pay via netbanking for IDFC First Bank Mobile Banking (Old) App Users
- Download the IDFC First Bank Mobile App
- Go to credit card > Pay Bill
- Pay your credit card bill after you login to the mobile app.
- To automate your payments, you need to register an auto-debit instruction on your IDFC First Bank account. Follow the steps above and enable ‘Autopay future bills’.
2. UPI
- Open the banking or BHIM app that is enabled by UPI
- Go to the UPI section in your app.
- Go to send money
- Enter your ‘<16 digit card number>. cc@idfcbank’ as UPI ID
3. IMPS/NEFT payments
You can make instant payments via IMPS/NEFT by entering the mentioned payee/beneficiary/reciever’s details:
- Payee name or the name on your IDFC Bank credit card
- Payee Account Number: Your IDFC First Bank credit card number which is 16 digits
- Bank name: IDFC First Bank.
- IFSC Code: IDFB0010225
4. Other payment options
- Making a cash deposit: Visit the nearest IDFC Bank branch and pay your credit card bill by depositing cash into your credit card account
- Drop a cheque at an IDFC First Bank branch/ATM near you. This cheque should be written in favour of the 16-digit IDFC First Bank credit card number. The format is ““IDFC FIRST Bank Credit Card XXXXXXXXXXXXXXXX”
Conclusion
The First Select Credit Card is worthy to have with its premium rewards program, Nil annual and joining fees, insurance cover, and low-interest rates. The feature of never-expiring reward points which can be redeemed instantly is highly attractive. Apply for this credit card at CreditMantri. Before you apply, do a free credit score check with us and download a free credit report.24
FAQs of First Select Credit Card
1. What are the various offers available on IDFC Bank credit cards?
IDFC First Bank credit cards are loaded with multiple benefits, offers, and features. Some of them are given below and may be applicable as per the card variant you have
- Lifestyle benefits - Discounts on dining, shopping, and movies. Complimentary round of golf every month.
- Travel benefits: complimentary airport lounge access, 4 complimentary railway lounge visits quarterly.
- Other benefits – Various in-app online discounts, reward programs, discounts on health and wellness outlets, etc.
2. What is the way to increase the credit limit of my credit card?
The factors that will increase the credit limit are as follows:
- Make your credit card bill payments promptly.
- Maintain a low CUR.
- Give evidence for income increase.
- Decrease or eliminate some of your liabilities.
- Verify your credit score and take measures to improve it.