IDFC First Select Credit Card Review

IDFC First Select Credit Card is a semi-premium credit card issued on Visa Signature platform and is positioned above IDFC Classic Credit Card & below IDFC Wealth Credit Card.

While it used to be a wonderful product when it was initially launched, it lost it’s credibility post the recent devaluation, but it’s still a worthy card to hold for few reasons. Here’s everything you need to know,


TypeSemi-Premium Credit Card
Reward Rate0.6% – 2%
Annual FeeLifetime Free
Best forAirport / Railway lounge access
USPComplimentary Roadside Assistance Service

While the card is portrayed as a premium card by the Bank, I wouldn’t call it so. It’s more of an entry-level card but with the ability to serve as a premium credit card if the spends are higher.


Joining / Renewal FeeLifetime Free
Welcome Benefit500 INR voucher
  • Welcome voucher worth 500 INR on spending >=15,000 INR within 90 days of card generation.

The advantage of this card is obviously the “Lifetime Free” benefit which comes with all the privileges. But don’t forget the truth about lifetime fee credit cards.


It’s a neat & simple design in deep red colour, which is also the bank’s brand colour.

While it looks good, I wish they had a different design for the Select Credit card as it looks almost same as the IDFC signature debit card with which I used to get confused once in a while.


Offline Spends3 RP / 125 INR (3X)0.6%
Online Spends6 RP / 125 INR (6X)1.2%
Spends >25K (per stmt)10 RP / 125 INR (10X)2%
Spends on Birthday10 RP / 125 INR (10X)2%
  • 1 Reward Point = 0.25 INR
  • Redemption Charges: 99 INR+GST (from 1st Oct 2022)
  • Rewards don’t expire

IDFC has added quite a lot of restrictions lately to the rewards program. Looking at the trend, they would probably add more to it in the coming months.

Terms & Conditions:

  1. Rewards not applicable on Fuel, Insurance & EMI transactions
  2. Rental txn’s will accrue 3X rewards (0.6%) only and will not be used for 10X calculations.

Meanwhile, this is not the card if you want to charge beyond your credit limit in a month, as that will lead to red flags.

Lounge Access

Domestic Airport LoungesVisa4/Qtr
Domestic Railway LoungesVisa4/Qtr
International LoungesNilNil

While airport lounge access is quite common, here with IDFC Select Credit Card you also get access to the Railway lounges.

Moreover, as these days HDFC entry-level & premium cards are no longer supported at most airport lounges except the metros, its better to have multiple credit cards in your wallet that gives lounge access.

Other Benefits

  • Complimentary Road Side Assistance(RSA) worth ₹1,399
  • Revolving Interest Rate: Relatively lower interest rate compared to other banks, usually 20% – 24% p.a. (I got 22% p.a. ROI)
  • Buy 1 Get 1 Movie Benefit: Upto Rs.250 per ticket via Paytm Movies.
  • Forex Markup Fee: 1.99% + GST

Complimentary roadside assistance is one of the unique feature on this credit card. It maybe useful at times, for ex, to jump start your car on breakdown.

Revolving interest rate is one of the key benefit of the issuer but I hardly see anyone taking advantage of it, maybe the reason is that those who need a low interest rate are not getting it.

Getting the Card

  • Eligibility: IDFC Select Ac (or) Other bank credit card with ~1.5L limit
  • Apply online (Instant approval)

Fresh Card: If you’ve about ~1.5L credit limit on other bank credit cards, you can apply for the IDFC credit card online  and you may likely be eligible for the select variant. If eligible, you can get the virtual card ready for use in matter of minutes.

If you’ve higher limits on other credit cards, you might get approved for the wealth credit card   directly, which comes with lot more benefits.

Upgrade: If you’ve IDFC Classic/Millennia Cards with a low limit, you’ll first need to increase your credit limit and then request for an upgrade.

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