IDFC First Bank is a relatively new player in the credit card market in India. The bank offers four lifetime free (LTF) credit cards: FIRST Millennia, FIRST Classic, FIRST Select, and FIRST Wealth. Among these, the Select and Wealth cards are the premium options, offering the most exclusive benefits. In this article, we will provide a detailed comparison of the IDFC First Bank Select vs Wealth credit card, highlighting the rewards and benefits offered by each.
Fees
| IDFC First Bank Select Credit Card | IDFC First Bank Wealth Credit Card | |
|---|---|---|
| Joining Fee | NIL – LTF Card | NIL – LTF Card |
| Annual Fee | NIL – LTF Card | NIL – LTF Card |
| Welcome Benefit | Welcome voucher worth Rs 500 on spending Rs 5000 within 30 days of card generation 5% cashback up to Rs 1000 on the transaction value of the first EMI done within 30 days of card generation | Welcome voucher worth Rs 500 on spending Rs 5,000 within 30 days of card generation 5% cashback up to Rs 1000 on the transaction value of the first EMI done within 30 days of card generation |
| Payment Network | Visa Signature | Visa Infinite |
IDFC First Bank Select vs Wealth Credit Card Rewards
Both the Select and Wealth credit cards offer the same rewards on purchases.
| Spend Category | Reward Rate | Eligible for 10X Threshold |
|---|---|---|
| Offline Spends | 3 RP/Rs 150 ~0.5% return | Yes |
| Online Spends | 3 RP/Rs 150 ~0.5% return | Yes |
| Birthday Spends (excluding below categories) | 10 RP/Rs 150 ~1.7% return | Yes |
| Rental & Property Spends | 3 RP/Rs 150 ~0.5% return | No |
| Education, Wallet and Govt. Services | 3 RP/Rs 150 ~0.5% return | No |
| Insurance & Utilities | 1 RP/Rs 150 ~0.17% return | No |
| Fuel & EMI Spends | No Rewards | No |
There is no max cap on earning reward points.
- Rent and property management fee is 1%+GST. But, it is subject to a minimum charge of Rs 249 per transaction.
- Cumulative utility spends of more than Rs 20,000 in a billing cycle will have an extra charge of 1%+GST to curb commercial usage.
Kiwi RuPay Card
Lifetime Free10X Rewards on Incremental Spends for IDFC First Bank Select and Wealth
Both the IDFC First Bank Select and Wealth credit cards offer a 10X reward on incremental spending above Rs 20,000. While the 10X reward is attractive, it’s important to note that reaching this threshold requires spending at lower reward rates on the initial amount, which reduces the overall reward rate.
Spends on rent, property, education, wallets, government services, insurance, utilities, fuel, and EMIs are excluded from this 10X reward offer.
| Spend Requirement for 10X Rewards | 10X Rewards |
|---|---|
| Rs 20,000 in a statement cycle | 10 RP/Rs 150 ~1.7% return |
BoB Eterna
Lifetime FreeAirport Lounge & Spa Access – IDFC First Bank Select vs Wealth Credit Card
The IDFC First Bank Select and Wealth Credit Cards both offer 2 complimentary domestic airport lounge visits per quarter. The Wealth Credit Card provides additional benefits, including 2 international airport lounge visits and 2 airport spa visits per quarter, while the Select Card does not. Both cards require a Rs 20,000 spend in the previous month to avail these benefits in the current month.
| IDFC First Bank Select Credit Card | IDFC First Bank Wealth Credit Card | |
|---|---|---|
| Domestic Airport Lounge Access | 2 complimentary visits/quarter | 2 complimentary visits/quarter |
| International Airport Lounge Access | Not Available | 2 complimentary visits/quarter |
| Airport Spa Access | Not Available | 2 complimentary visits/quarter |
| Spends required for above benefits | Rs 20,000 spend in previous calendar month for access in current calendar month | Rs 20,000 spend in previous calendar month for access in current calendar month |
Railway Lounge Access – IDFC First Bank Select vs Wealth Credit Card
This benefit is offered on both the Select and Wealth credit cards.
- Railway Lounge Access: 4 complimentary visits/quarter to the executive lounge in New Delhi Platform 16, Jaipur Platform 1, Agra Platform 1, Ahmedabad Platform 1, Madurai Platform 1 and Kolkata (Sealdah Platform 8)
There is no requirement of minimum spends to get complimentary railway lounge access.
Zomato District BOGO Movie Offer
The IDFC First Bank Select Credit Card offers a Buy One Get One movie ticket offer on Zomato District, with Rs 125 off on the second ticket twice a month. The Wealth Credit Card provides a similar offer but with Rs 250 off on the second ticket twice a month.
| IDFC First Bank Select Credit Card | IDFC First Bank Wealth Credit Card | |
|---|---|---|
| Movie Offer | Buy One Get One offer on Zomato District. Get Rs 125 off on second ticket twice/month. | Buy One Get One offer on Zomato District. Get Rs 250 off on second ticket twice/month. |
Other Key Benefits for IDFC First Bank Select vs Wealth Credit Card
The IDFC First Bank Select Credit Card has a foreign currency markup of 1.99%+GST, while the Wealth Credit Card offers a lower rate of 1.5%+GST. Both cards provide 4 complimentary roadside assistance services per year and a fuel surcharge waiver, but the Wealth card offers a higher waiver of up to Rs 400 per month. Additionally, the Wealth Credit Card includes 2 complimentary golf rounds per month for every Rs 20,000 spent, a benefit not available with the Select Card.
| IDFC First Bank Select Credit Card | IDFC First Bank Wealth Credit Card | |
|---|---|---|
| Foreign Currency Markup | 1.99%+GST | 1.5%+GST |
| Complimentary Roadside Assistance | 4 times/year | 4 times/year |
| Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver up to Rs 300 per month. Valid for transactions value from Rs 200 to Rs 5000. | 1% waiver up to Rs 400 per month. This is valid on transactions from Rs 200 to Rs 5000. |
| Golf Benefits | Not Available | 2 complimentary Golf rounds/month for every Rs 20,000 of monthly statement spends |
Rewards Redemption
There is no expiry date for the reward points earned on the IDFC First Bank Select and Wealth credit card. We can use the reward points to pay for purchases on the payment gateway. Reward points can also be redeemed for gift vouchers like Amazon, Flipkart, Myntra, and Big Basket. The value of each reward point is 25 paise. We have a reward redemption fee of Rs 99+GST ~Rs 117 for both these cards.
Verdict: Which one is better between IDFC First Bank Select vs Wealth Credit Card
In conclusion, both the IDFC First Bank Select and Wealth Credit Cards offer a wide range of benefits with no annual fees, making them great choices for frequent spenders. While they share similar features like 10X reward points on incremental spending and airport lounge access, the Wealth Credit Card offers extra perks such as international lounge access, airport spa visits, lower foreign currency markup, and golf benefits.
Can you confirm if the wealth variant which is the top also have railway lounge benefit. railway refused it
Yes, it does have access. Which railway lounge was it?
Can you confirm if the wealth variant which is the top also have railway lounge benefit. There is some confusion on it
Yes, it does have.
What are the criterias to avail IDFC Select Credit Card ?
I have two question
1.
do we get .75% on offline store spending or we get 2.5 % on offline spending on IDFC wealth CC considering we have crossed the threshold of 30k?
2. Does Add on card also enjoy and share the same lounge access limit which primary holder enjoy?
If the domestic lounge access is by credit card, then yes add-on credit cards should also work.