IDFC FIRST Select

Product Overview

IDFC FIRST Select Credit Card is a premium lifetime-free credit card designed for users who want travel, lifestyle, and reward benefits without paying annual fees. It offers lounge access, low forex markup, reward points, and insurance benefits, making it ideal for mid-to-high spenders.

Eligibility Criteria

✔️ Applicant must be an Indian resident or NRI
✔️ Age: 18 to 60 years
✔️ Salaried or self-employed individual
✔️ Minimum annual income: ₹10–12 lakh (preferred range)
✔️ Good CIBIL score (750+ preferred)

Features and Benefits

✔️ Lifetime free credit card (No joining & annual fee)
✔️ Earn 10X reward points on spends above ₹20,000/month & birthday spends
✔️ Earn 3X reward points on spends up to ₹20,000/month
✔️ Reward points never expire
✔️ Welcome benefit: ₹500 voucher on ₹5,000 spend in 30 days
✔️ Domestic airport lounge access (with spend condition)
✔️ Railway lounge access (quarterly)
✔️ Low forex markup: 1.99%
✔️ Buy 1 Get 1 movie ticket offer (twice/month, capped discount)
✔️ Travel benefits: Trip cancellation cover up to ₹10,000
✔️ Insurance cover (air accident, purchase protection, etc.)
✔️ Interest-free cash withdrawal up to 45 days

Fees & Charges

✔️ Joining Fee: Nil
✔️ Annual Fee: Nil (Lifetime Free)
✔️ Interest Rate (APR): 8.5% – 46.2% p.a.
✔️ Cash Withdrawal Fee: ₹199 + GST per transaction
✔️ Forex Markup: 1.99%
✔️ Late Payment Charges: As per bank policy

Documents Required

✔️ Identity Proof (PAN Card mandatory)
✔️ Address Proof (Aadhaar / DL / Voter ID etc.)
✔️ Income Proof (Salary Slip / ITR / Form 16)
✔️ Bank Statements (last 3–6 months)
✔️ Passport-size photographs

FAQs

Q1. Is IDFC FIRST Select Credit Card really lifetime free?
Ans. Yes, it has zero joining and annual fee for lifetime.

Q2. What reward points do I earn?
Ans. You earn 3X on regular spends and up to 10X on higher monthly spends.

Q3. Does it provide lounge access?
Ans. Yes, domestic airport lounge access is available (subject to spend conditions).

Q4. What is the forex markup?
Ans. It is low at 1.99%, making it good for international usage.

Q5. Who should apply for this card?
Ans. Users with moderate to high spending who want premium benefits without annual fee.

Terms & Conditions

✔️ Reward points are subject to eligible categories and exclusions
✔️ Lounge access requires minimum spend (₹20,000/month)
✔️ Approval is subject to IDFC FIRST Bank credit policy
✔️ Fees and benefits may change as per bank guidelines
✔️ Late payments may attract penalties and impact credit score