IDFC First Bank - Select Credit Card

Card Intro

Welcome Benefits

Welcome Gift voucher worth Rs. 500 on spending Rs. 5000 or more within 30 days of card issuance.

5% cashback up to Rs. 1000 on first EMI transaction, applicable once on transactions done (within 30 days of card set-up) with tenure of 6 months and above.

Interest Free Period

20 to 48 Days

Payment Gateway

Visa/Mastercard

Card Fees

Joining Fee(once)

Lifetime Free (LFT)

Annual Fee(2nd year onwards once)

Lifetime Free (LFT) – No joining fee and No annual fee

Add-on Card Fee

Nil

Annual Fee Waive off

Lifetime Free (LFT) – No joining fee and No annual fee

Card Features, Rewards and Benefits

Cashback

Nil

Rewards

10X Reward Points for every Rs. 150 spent on incremental purchases above Rs. 20,000 per month.

3X Reward Points on online purchases for spends up to Rs. 20,000 per month.

3X Reward Points on Rental and Property management transactions and 1 Reward Point on Insurance premium payments and Utility bill payments for every ₹150 spent.

Milestone Benefits

Nil

Fuel Surcharge Waiver

1% for transactions between Rs. 200 to Rs. 5000.
Up to Rs. 300 per statement

Dining

Nil

Movie Benefits

Buy one movie ticket at Paytm mobile app and get upto Rs.125 off on the second ticket for a maximum of 2 bookings in a month. (BOGO on Paytm mobile app)

Lifestyle Benefits

Visa or Mastercard’s complimentary offers.

Travel Benefits:

Reduced Forex Charges.

Lounge Benefits

For Domestic – 8 complimentary lounge access per year, 2 every quarter, on minimum monthly spends of Rs. 20,000.

For Domestic Railway lounges – 4 complimentary Railway lounge visits per quarter via DreamFolks.

Hotel Benefits

Nil

Insurance Benefits

Complimentary Personal Accident Insurance Cover of up to Rs. 5 lakh.

Complimentary Credit Card Fraud Liability cover of Rs. 50000 on reporting unauthorized transactions within 24 hours of loss/theft of the card.

Concierge Benefits

Complimentary Roadside Assistance (RSA) all over India, up to 4 times in a year worth Rs. 1,399 through Global Assure.

Health Benefits

Nil

Card Charges

Cash Payment fees at branches

Nil

Cash Withdrawal Fees or Cash Advance Fees

Rs. 199

Card Replacement Fees

Rs. 100 and Rs. 149 for Cards with image personalisation.

Charge slip Retrieval Fee

Nil

Cheque Payment Fee

Nil

DCC Markup Fees(Dynamic & Static Currency Conversion Markup Fee)

1.99% of the transaction value

Duplicate Statement Fee

Nil

Emergency Card Replacement (When Abroad)

N/A

EMI Processing Fees

Rs. 99 or 1% of the transaction amount (whichever is higher)

Finance Charges

0.75% to 3.65% per month (9% to 43.8% per annum)

Foreign Currency Transaction fee(Forex Charges)

1.99% of the transaction value

Late Payment charges

15% of Total Payment Due (minimum Rs. 100 to maximum of Rs. 1300)

Nil if Total Payment Due is less than Rs. 100
Rs. 100 if total payment due is Rs. 500
Rs. 750 if total payment due is Rs. 5,000
Rs. 1200 if total payment due is Rs. 10,000
Rs. 1300 if total payment due is greater than Rs.10,000

Outstation Cheque Fee

Nil

Over Limit Fees

2.5% of the over limit amount (Min Rs. 550)

Payment (cheque/ECS/NACH/Auto Debit Reversal) Dishonor Fees

2% of the payment amount subject to Min. Rs.500

Payment of Customs duty

N/A

Priority Pass Lounge Charges

N/A

Railway Tickets Surcharge

as per IRCTC website

Rental Transaction Fee

1% of transaction value, minimum of Rs. 249 per transaction

Reward Points Redemption Fee

Rs. 99

Any Other Charges

N/A

Terms & Conditions!

* Goods & Service Tax(GST) applicable on all fees, interest and other charges. All fees, charges, rewards, or any other terms can change at any time. Always read the Terms and Conditions on the Bank’s page.