IDFC Bank First Select Credit Card

Introduction :

Among the best credit cards to maximize your spending and take advantage of special perks is the IDFC First Select. We explore the main characteristics, benefits, and application procedure of the IDFC First Select Credit Card in this extensive guide.

Features :

• Free Credit Card for life
• 1.99% is a low Forex markup.
• 10X Reward Points with no expiration
• Low Interest Rate Cash with No Interest Retractions
• Four complimentary visits to the domestic airport lounge and four visits to the railway lounge are provided each quarter.
• Trip cancellation insurance up to Rs.10,000 for reservations made for lodging and flights

Charges :

1. Enrollment / Annual Charge : NIL
2. Finance Charges / Interest Rate  : beginning at 0.75% p.m. (9% yearly) NIL Over Limit Fee
3. Redemption Fee for Rewards : No
4. Foreign Exchange Markup : 1.99%
5. Late Payment Fee : 15% of the Total Amount Owed (up to a maximum of Rs. 1,250 and a minimum of Rs. 100)
6. Fee for Foreign and Domestic Cash Advance : Rs. 250
7. Returned Check, Auto Debit, or Payment Return : Rs. 250  
8. EMI Fees: 1% of transaction value (minimum Rs. 99) will be charged for reservations made through any channel other than the merchant website or app or the point-of-sale terminal.
9. Fee for Replacing a Card: Rs. 100

Eligibility Criteria :

• For this credit card, a minimum eligibility age of 21 years old is needed.
• The candidate must earn at least Rs. 12 lakh annually and be either self-employed or salaried.
• The candidate should possess a respectable credit score

Benefits :

• Buy one movie ticket and receive one free via the Paytm mobile app up to 250 (twice a month).
• Up to a 20% dining discount at 1,500 restaurants
• ATM with no interest Takeout of cash for a maximum of 48 days
• Low annual percentage rate (APR)* ranging from 0.95% to 3.5% monthly (9% to 42% annually)
• Turn large transactions into simple ones. EMI’s 500 welcome voucher is good for Rs.5,000 in purchases made within 30 days of the card’s creation.
• 5% cashback (up to Rs.1,000) on the first EMI transaction made within 30 days of the card’s creation
• Waiver of fuel surcharges up to Rs.300 monthly
• Get discounts of up to 15% at more than 3,000 health and wellness stores.
• Roadside support valued at 1,399/-
• Alluring deals for hotels and flights on MakeMyTrip and Yatra.

How To Apply :

Apply through our website www.quickpolicy.in/idfc Apply Now

Documents Required : 

1. Identity Proof: Valid government-issued ID card.

2. Address Proof: Utility bills or any document verifying the applicant’s address.

3. Income Proof: Salary slips, income tax returns, or other documents validating financial capacity.

Insurance Benefits :

• Rs. 22,500 in travel insurance coverage
• Rs. 1 Crore for Air Accident Coverage
• Rs. 5,00,000 for Personal Accident Coverag
• Rs 50,000 Lost Card Liability Coverage
• USD 500 is the loss of checked baggage.
• Delay of $100 for checked-in baggage
• Loss of a Passport $300 USD
• Flight Delay: USD $300

Reward points :

You can earn respectable rewards with your IDFC FIRST Select Credit Card purchases. The 3% flat reward rate is deemed satisfactory. Additionally, there is no expiration date on the reward points, and redeeming them is comparatively simple. What you’ll receive is:

10 times the reward points for each billing cycle’s additional purchases over Rs. 25,000.

10 times the reward points on your birthday

Get 6X Reward Points for every online transaction

3X Bonus Points for every offline transaction

Conclusion :

In summary, when it comes to credit cards, the IDFC First Select Credit Card is a strong option. It positions itself as a leader in the industry with its personalized rewards, travel benefits, and easy application process. With the IDFC First Select Credit Card, you can improve your financial experience and make an informed choice.