IDFC First Select Credit Card Review

By | July 1, 2021

IDFC Bank has announced a whole new range of credit cards in January 2021. The USP of all the cards lies in their dynamic interest rates on the revolving credit. It has launched 4 different types of cards altogether, but we will talk about IDFC Select Credit Card here.

IDFC Select Credit Card Review

Now let us see what is offered in this newly launched card.

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Fees & Charges

Particular Description
Joining/Annual FeeLifetime free
Over limit feeNil
Interest rate 0.75%-2.99% per month

It is a lifetime free credit card and this is the most amazing thing which is offered by IDFC Bank.

IDFC Select Eligibility

  • Age: 21 years to 65 years
  • Monetary Requirement: Income should be between Rs.15,00,000-Rs.35,00,000 per annum

How To Apply?

How to apply for IDFC Select Credit Card

Apply for the card in the following manner:

  1. You have to visit the IDFC Bank website or nearby the IDFC Bank branch to apply for the card.
  2. Fill up all the information to apply for the card
  3. Submit all the necessary documents required for the credit card

IDFC Select Rewards

  • 10X reward points on spending above Rs.20,000
  • 6X reward points for online spends
  • 3X reward points on all offline spend
  • 10X rewards on all birthday spend
  • 1 reward point on spending every Rs.100
  • 1 RP = Rs.0.25

10X reward points on spends above Rs.20,000 and birthday spend amazing. Even very few top-level cards offer such rewards.

Note: Reward points earned and 10X rewards offer do not apply on


IDFC Select Credit Card Benefits
  • Interest-free cash withdrawal for up to 48 days from ATMs
  • Welcome Bonus: Rs.500 voucher on spending Rs.15,000 in 90 days of card set-up
  • Free roadside assistance of Rs.1,399
  • Comprehensive Travel Insurance cover Rs.22,500
  • Personal accident cover of Rs.5,00,000


No joining feeLow reward rate
Low interest rate

Our Suggestion

This is a premium-level card that comes with no joining/ annual fee. The amazing part about this card is that they charge a dynamic interest rate on revolving credit.

10X rewards on birthday spend & 6X on online spends is best of all

There exist no card which offers 6X rewards on online spending. Another best part about this card is that it provides airport as well as railway lounge access. Very few cards offer railway lounge access; hence this is another USP of the card.

IDFC Select Features

IDFC Select Credit Card Features
  • Fuel Surcharge: Fuel surcharge waiver at every pump for up to Rs.300
  • Lounge Access: 4 complimentary airport/railway lounge access every quarter
  • Buy one get one movie ticket offer of up to Rs.250 on every ticket
  • No over-limit fee
  • Forex Markup: 1.99%

One of the best things about the rewards of this card is that they will never expire. Hence you can redeem them anytime.

Bottom Line

This is the best of all time card given by IDFC First Bank, providing no joining fees. This is the card which worth holding. The offers provided by the card are fantastic.

Also, the lounge access offered by this is not provided by even the topmost cards of the country with no fees. Along with this, the interest rate, forex fees, and other charges are very low, which makes this a perfect card to hold.

If anyone of you have this card, feel free to share your exprerience in comments below.


How To Apply for IDFC Select credit card?

You can apply for this via visiting IDFC Bank’s website/branch.

What is the joining fees for IDFC Select card?

It is a life time free credit card and comes with no joining fees.

What is the interest rate charged on this credit card?

According to guidelines, 2.99% of interest is charged on credit amount.

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