Card Image
LIC IDFC FIRST Select
Annual Fee
₹2,999
Rewards/₹100 ⓘ
₹1.00 - ₹3.00
Normalized to balance base rate with bonus categories
Interest Rate
9.00%
Credit Score
720+
At a Glance
Key Benefits
6X points on LIC premium payments, 9% APR, 8 lounges
Lounge Access
8 domestic lounges/year
Eligibility
Salaried: Rs.50,000+/month, Age: 21-60, CIBIL: 720+
Quick Details
Annual Fee
₹2,999
#236
Joining Fee
₹2,999
#236
Interest Rate
9.00% p.a.
#3
Forex Markup
1.80%
#26
Rewards/₹100
₹1.00 - ₹3.00
#101
Reward Type Reward Points
Reward Currency Points
Domestic Lounge Visits
8/year
#30
Min Credit Score
720+
#154
Min Monthly Income ₹50
Network VISA
Cash Advance Fee 2.50% (min ₹500)
Late Payment Fee ₹700
Fee Waiver on Spend ₹1,50,000/yr
Reward Structure
Base
All Spends
₹1.00 /₹100
Partner
LIC Premium
₹3.00 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Airport Lounge Access
Domestic Free
8
visits per year
8 domestic lounge visits per year
Quick Analysis
The IDFC First Bank LIC IDFC FIRST Select is a premium credit card ideal for frequent travelers and high spenders. Best suited for those who can maximize the premium benefits.
Pros
- Annual fee waiver on spending ₹150000
- Generous 8 domestic lounge visits per year
- Low forex markup of 1.80% - great for international spends
- Extended interest-free period of 50 days
Cons
- Reward points may have limited redemption options
Frequently Asked Questions
What is special about LIC IDFC FIRST Select Credit Card?
This is a co-branded card with LIC offering exclusive benefits for LIC policyholders, including reward points on premium payments and low interest rates.
What are the reward points on LIC IDFC FIRST Select?
You earn 3 reward points per Rs 100 spent on all purchases. On LIC premium payments, you earn accelerated rewards.
What is the annual fee for LIC IDFC FIRST Select?
The card has an annual fee of Rs 499 which is waived on spending Rs 50,000 or more in a year.
Does LIC IDFC FIRST Select offer lounge access?
Yes, the card provides 2 complimentary domestic lounge visits per quarter.
What is the interest rate on LIC IDFC FIRST Select?
The card offers competitive interest rates starting from 9.99% per annum based on credit profile.
User Reviews
Ready to Apply for LIC IDFC FIRST Select?
Get started with your application today and enjoy premium benefits, rewards, and exclusive privileges.