Hands-on Experience with IDFC First Select Credit Card

Hands-on Experience with IDFC First Select Credit Card

IDFC First Select Credit Card

This is the hands-on experience article of the IDFC First Credit Card. If you’re looking for the features and benefits of this card, do check out here: IDFC First credit card review

I am an IDFC First bank savings account holder since June 2019 and at the time of opening the account the sales executive who came to collect KYC documents told upon enquiry that a credit card launch is approx. 6 months away.

Covid- 19 probably delayed the launch however IDFC was issuing cards (15,000+) to their employees as a trial run few months before public launch. It finally reached public by mid Jan 2021 and here’s my hands on experience with it.

Table of Contents

Application Process

Expressed interest on the pre-launch day itself i.e. 15 Jan 2021 and got this message on screen.

IDFC Credit Card Application Page

IDFC Credit Card Application Confirmation page

Here’s a quick look at the timeline taken to process the card application:

  • 15.01.21 – Expressed interest on website, the day on which Pre-launch happened
  • 19.01.21 – Received an sms link to apply for the pre-approved card (link was not working for few hours)
  • 20.01.21 – Applied via the link and shown pre-approved card along with variant, limit & interest rate @33% (approved immediately) as shown above
  • 22.01.21 – Received courier details for tracking
  • 25.01.21 – Received card in a simple yet thoughtfully designed mini envelope without any booklet

So it all happened quite fast as the card was in my hand within 10 days of announcing the launch. Everything went online and kudos to IDFC First bank for this lightning fast processing.

Update: In the 3rd week of April, received the message that interest rate has been reduced to 22%

The Card

IDFC First Select Credit Card – Design

IDFC First Select card looks quite similar to its IDFC Visa Signature debit card except:

  • Card details are printed (whereas its embossed on Debit Card)
  • Front of the card has only name, all details viz. card no., cvv, expiry date are on the backside
  • No signature panel on the back (rightly removed, which anyway is of no use)
  • VISA logo on the card carries distinctive metallic reflective look (first time seen by me)

Reward Points Redemption

What I liked most is: Reward Points can be redeemed when placing an order online itself, similar to how Amex points redemption work.

Tried this out recently and the transaction value didn’t become zero, rather the txn was as usual + I received statement cash back credit equivalent to the transaction within just 2 days, which is swift by any standard.

RPs redemption options are as good as cash credit currently. Other options like Amazon, Flipkart and almost all popular brand GVs are also available.

IDFC Credit Card Online Payment Page

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