IDFC Bank has issued some credit cards that come with a host of benefits and privileges. All the cards provide welcome benefits, cashback, rewards, etc. One can also avail of railway and airport lounge access. Also, get offers on booking a movie ticket along with some other benefits like dining, fuel surcharge waiver, etc. In a nutshell, both cards provide premium benefits without any joining fees and give tough competition to their existing competitors. In this article, we will compare IDFC Wealth and Select Credit Card. Let us first go through the features of both the cards.
Features of IDFC First Select Credit Card:
- 10x Reward Points on incremental spends above INR 25,000 per month and spends done on birthdays.
- When you spend INR 25,000 per month, you get 6x and 3x Reward Points on online and offline purchases, respectively.
- Low-Interest Rates with IDFC First Select Credit Card
- Unlimited Reward points that do not expire
- Get Reward Points that can be used instantly to pay off online or in-store purchases.
- Welcome voucher worth INR 500 when INR 15000 or more are spent within 90 days of card generation.
- 5% Cashback, up to INR 1000, on the transaction value of the first EMI made within 90 days of the card’s generation.
- Get Buy 1 get 1 offer on booking movie tickets up to INR 250 via the Paytm mobile app (valid twice a month)
- 300+ Merchant offers, up to 20% discount at more than 1500 restaurants
- Get a discount of up to 15% at 3000+ Health & Wellness outlets
- 4 complimentary lounge visits at Domestic Airports per quarter, when a minimum of INR 5000 is spent
- Get 4 complimentary Railway lounge visits per quarter
- Complimentary Roadside Assistance worth INR 1,399
- Get a waiver of fuel surcharge of up to 1% at fuel stations all across India, a maximum of up to INR 300 per month.
- Air Accident Cover of INR 1crore
- Personal Accident Cover of INR 5,00,000* and Lost Card Liability Cover of INR 50,000
- Comprehensive Travel Insurance Cover of INR 22,500#
- Convert all transactions above INR 2,500 into easy and convenient EMIs on the mobile app.
- Enjoy the transfer of balances from your other bank credit cards with the help of the balance transfer option.
Features & Benefits of IDFC Wealth Credit Card
Below are the features and benefits of the IDFC Wealth Credit Card:
- Up to 10X Rewards points on incremental spends above INR 30000 p.m. and that next expires. Reward programs are not applicable to fuel, insurance, EMI transactions, or cash withdrawals. Also, Rental and Property management transactions will not form a part of the 10X Reward program and 10X threshold calculations.
- For spends up to INR 30000 p.m, you can earn 6X and 3X reward points on online and offline purchases, respectively.
- Get complimentary access to the lounges at domestic and international airports and spas, a maximum of up to 4 per quarter.
- Complimentary Railway Lounge access – 4 per quarter
- Low Forex markup at 1.5%
- Interest-free cash withdrawals up to 48 days.
- Roadside Assistance and Travel Insurance.
- Complimentary Golf Rounds every month.
- Lifetime Free Credit Card.
- Low-Interest rate (APR) from 0.75% to 3.5% per month (9% to 42% p.a.).
- 5% cashback (up to INR 1000) on the transaction value of the first EMI done within 30 days of card generation.
- INR 500 worth of vouchers on INR 15000 spending within 90 days of generation of the card.
- Complimentary golf rounds are spent on every INR of 20,000 in a statement cycle of up to 2 rounds per cycle.
- Air Accident cover of INR 1 crore.
- Complimentary roadside assistance worth INR 1399.
- Get a waiver of Fuel Surcharge of up to INR 400 per month.
- Buy 1 Get 1 offer on booking a movie ticket on the Paytm mobile app for up to INR 500 (twice per month).
- Enjoy up to 15% discount at 3000+ Health & Wellness outlets.
- Get discounts on dining of up to 20% across 1500 restaurants.
- Convert all transactions above INR 2,500 into easy and convenient EMIs on the mobile app
- Welcome voucher worth INR 500 when INR 15,000 or more are spent within 90 days of card generation
- 5% cashback (up to INR 1000) on the transaction value of the first EMI done within 30 days of card generation
A Quick Comparison
| Criteria | IDFC First Wealth Credit Card | IDFC First Select Credit Card |
| Reward Rate | 10x RP on purchases of INR 30,000 or more 10x RP on all birthday spends 6x RP on online purchases up to INR 30,000 3x RP on offline spends up to INR 30,000 1x = 1 RP for every INR 100 spent | 10x RP on purchases of INR 25,000 or more 10x RP on all birthday spends 6x RP on online purchases up to INR 25,000 3x RP on offline spends up to INR 25,000 1x = 1 RP for every INR 125 spent |
| Reward Redemption | 1 RP = INR 0.25 | 1 RP = INR 0.25 |
| Fuel Surcharge Waiver | 1% at all fuel stations | 1% at all fuel stations |
| Welcome Benefits | Gift vouchers worth INR 500 5% cash back on the 1st EMI transaction | Gift vouchers worth INR 500 5% cash back on the 1st EMI transaction |
| Dining Benefits | 20% | 20% |
| Lounge Access | 4 Complimentary access to domestic lounge per quarter | 4 Complimentary access to domestic lounge per quarter |
| Railway Lounge Access | 4 complimentary access to railway lounge per quarter | 4 complimentary access to railway lounge per quarter |
| Golf Benefits | NA | 2 complimentary golf rounds or for every INR 20,000 spent in the previous month |
| Movie Benefits | Buy 1 get 1 offer when movie tickets via Paytm movies are booked | Buy 1 get 1 offer when movie tickets via Paytm movies are booked |
| Joining Fees | N.A. | N.A. |
| Renewal Fees | N.A. | N.A. |
| Eligibility | Only for salaried and self-employed applicants at the age between 18 years to 65 years A stable source of income A good credit score is mandatory. | Only for salaried and self-employed applicants between the age of 18 years to 65 years A stable source of income A good credit score is mandatory. |