Last updated: |Data verified from official bank sources
Mid-Range
IDFC FIRST Select
IDFC FIRST Bank
Best for: Best lifetime free card overall
FREE
Annual Fee
3%
Reward Rate
1.99%
Forex Markup
1/quarter (₹20K spend required from Apr 2026)
Domestic Lounge
None
Intl Lounge
Best for: Best lifetime free card overall
Things to Watch Out For
- •Rewards reduced by 25% from 2026
- •Lounge access requires ₹20K spend from Apr 2026
Fees & Charges
Joining FeeFREE
Annual FeeFREE
Forex Markup1.99%
Rewards
TypePoints
Base Rate3X below ₹20K, 10X above
Effective Return3%
Lounge Access
Domestic1/quarter (₹20K spend required from Apr 2026)
InternationalNone
Railway Lounge4/quarter
Eligibility
Minimum Income₹12.0L/year
Welcome Benefits
Benefit₹500 voucher on ₹5K spend in 30 days
Estimated Value₹500
Available on: Visa
Frequently Asked Questions
What is the annual fee for IDFC FIRST Select?▼
IDFC FIRST Select is a lifetime free card with no annual fee.
What rewards does IDFC FIRST Select offer?▼
IDFC FIRST Select offers 3X below ₹20K, 10X above on all spends, with an effective value of 0.75%.
Does IDFC FIRST Select have lounge access?▼
Yes, IDFC FIRST Select offers 1/quarter (₹20K spend required from Apr 2026) domestic lounge visits per quarter.
What is the minimum income required for IDFC FIRST Select?▼
The minimum income requirement for IDFC FIRST Select is ₹12.0 lakhs per annum.
Information sourced from IDFC FIRST Bank official website. Last verified: February 2026.
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