IDFC

IDFC FIRST Bank Select Credit Card

Good for everyday spend without annual fee drag.

Should you get this?

Strong fit

Some details need issuer confirmation

Why this card

  • Forex markup is low at 1.99%.
  • 10 pts / ₹200 on eligible dining, international, and travel
  • You want a lifetime-free card.
Issuer evidence · 5 sources →

Trade-off

Domestic: 1/quarter · requires ₹20,000 spend in the previous month (unlocks the following month). Verify current lounge eligibility before travel.

Annual fee ₹0 no annual fee currently listed
Rewards 3 pts / ₹200 base
Lounge access 1 per quarter · ₹20,000 spend in the previous month
Forex markup 1.99% low
Compare with HSBC India Live+ →

Similar lounge profile

Rewards

Earning rules

Detail · from the summary above
ScopeRateEligibilityLimit
General spend3 pts / ₹200Credited as reward pointsRewards apply only to spend up to your credit limit each statement cycle — shared across General spend, Dining, International spend, Travel, Insurance & Utilities
Dining10 pts / ₹200Credited as reward pointsShared across General spend, Dining, International spend, Travel, Insurance & Utilities
International spend10 pts / ₹200Credited as reward pointsShared across General spend, Dining, International spend, Travel, Insurance & Utilities
Travel10 pts / ₹200Credited as reward pointsShared across General spend, Dining, International spend, Travel, Insurance & Utilities
Show all 6 earning rules (2 more)
Insurance1 pt / ₹200Credited as reward pointsShared across General spend, Dining, International spend, Travel, Insurance & Utilities
Utilities1 pt / ₹200Credited as reward pointsShared across General spend, Dining, International spend, Travel, Insurance & Utilities

One shared ceiling applies across 6 of these categories — they draw from the same cap pool.

Redemption value

What a Reward Point is worth

  1. Catalogue₹0.25 / pt

    ₹99 redemption fee

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

3 points per ₹200 on eligible spend

Verified value

₹0.25 per point

Catalogue

Caps

  • General spendRewards apply only to spend up to your credit limit each statement cycle — shared across General spend, Dining, International spend, Travel, Insurance & Utilities
View full earning rules →

Realisation

Credited as reward points

Costs & fees

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocks
Domestic lounge spend gate₹20,000monthLounge eligibility

Reported but unverified

Evidence · not used as this card's figures
Renewal fee
₹0Reported in community/forum sources only · verify with issuer · 1 source

Evidence only · excluded from decisions

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Based on the standard earn rate (3 pts / ₹200). Up to ~750 pts/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
  • Worth ~₹190 at the conservative redemption floor
  • Forex cost ~₹1,000 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
1 per quarter · verified 6 Jul 2026 Condition: ₹20,000 spend in the previous month (unlocks the following month)

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • PaisaBazaar
  • Operator-verified anchor
Railway (cardholder)
16 railway lounge visits per year (max 4/quarter)

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • PaisaBazaar
  • Operator-verified anchor
International (cardholder)
Not included on base card No international lounge access.

Issuer documented · corroborating sources · verify issuer terms before applying

Where to verify
  • PaisaBazaar
  • Operator-verified anchor
IDFC FIRST Select privileges T&C , opens external site

Rewards

Base earn
3 points per ₹200 value depends on redemption
Effective return (honest floor)
~0.375% base (conservative redemption) · verified 5 Jul 2026 Conservative redemption floor; best documented path is not ranked on.
Headline point value
₹0.25 per Reward Point (Catalogue) · verified 5 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
Point validity
Points expire 2 years after earning · verified 7 Jul 2026

Insurance Cover

Air accident cover
₹1 crore · verified 5 Jul 2026
Personal accident cover
₹5 lakh · verified 5 Jul 2026
Lost card liability cover
₹50,000 · verified 5 Jul 2026
Underwriter
Insured by New India Assurance · verified 7 Jul 2026
Fees & charges

Fees

Monthly interest rate
0.71%–3.85% per month Official IDFC FIRST MITC says all other IDFC FIRST Bank Credit Cards have finance charges of 0.71%–3.85% monthly / 8.5%–46.2% annually, depending on internal policy.
Annual fee
₹0
Joining fee
₹0 · verified 3 Sept 2026
Interest-free period
Up to 45 days · verified 7 Jul 2026

International Use

Forex markup
1.99%

Issuer documented · single source · verify on issuer site

Where to verify
  • Operator-verified anchor

Travel & perks

Fuel Benefits

At the pump
  • 1% fuel surcharge waived on transactions ₹200–₹5,000.
  • Maximum waiver ₹300 per month.
  • Fuel transactions do not earn reward points.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits
SIDE BY SIDE
IDFC FIRST Bank Select
vs
HSBC India Live+
SIDE BY SIDE
IDFC FIRST Bank Select
vs
AU Small Finance Bank ixigo
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IDFC FIRST Bank Select
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Federal Bank Celesta
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IDFC FIRST Bank Select
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ICICI Bank Coral Visa

The fine print

Caps · exclusions · earning · redemption · last refresh

Caps & limits

  • Statement-cycle cap: Rewards apply only to spend up to your credit limit each statement cycle — shared across General spend, Dining, International spend, Travel, Insurance & Utilities.
  • After the shared cap is reached, further spending in that lane earns no rewards.

Exclusions

These spends do not earn reward points.

Financial

  • EMI

Redemption & expiry

  • Voucher redemption: ₹99 redemption fee per redemption

Latest update

  • Annual fee: ₹0.
  • Forex markup currently listed at 1.99%.
  • 1 per quarter domestic lounge · ₹20,000 spend in the previous month.

Common questions

From verified card facts

Is this good for lounge access?

1 per quarter domestic lounge. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.

Is this good for international spends?

Forex markup is 1.99%, which can be useful for international spends if the annual fee and usage pattern still make sense.

Is the annual fee easy to recover?

No joining, annual, or renewal fee currently listed by the issuer. GST still applies where applicable. Fee tables can change — verify before applying.

Learn

Learn more

Guides matched to this card — not a random syllabus.

All guides →
Last refreshed 3 Sept 2026 moneymatters.cards Change look saved in this browser only
Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

Money Matters is an independent comparison and information service. It is not affiliated with, sponsored by, or endorsed by any bank or card issuer. Card and issuer names are trademarks of their respective owners and are used here only to identify the products being compared.