LIC IDFC FIRST Select Credit Card
Updated 3 Jul 2026Source-linked
The LIC IDFC FIRST Select Credit Card is a mid co-branded credit card from IDFC FIRST Bank and LIC, with a joining fee of ₹0 + GST.
It earns up to 10 pts per ₹125 (≈2.0% value) on LIC spends in the form of reward points (points).
Cardholders get 2 quarterly domestic airport lounge access, plus joining benefits worth ₹3,000+ as a welcome benefit.
LIC IDFC FIRST Select Credit Card
- Joining FeeFree
- Annual FeeFree
- Best Suited ForCo-brand rewards
- Reward TypeReward Points (points)
Rewards Rate
- 10 pts per ₹125 on lic insurance premium
- Base 1.00% on other spends
Welcome Benefits
- Joining benefits worth ₹3,000+
Rewards and Benefits
Rewards Rate
10 pts per ₹125 on lic insurance premium
Base 1.00% on other spends.
Reward Redemption
IDFC FIRST Rewards: 1 RP = ₹0.25 (up to ₹0.40 on hotel/flight via Rewards Gallery). Reward points valid 3 years. Non-LIC insurance, fuel, rent, EMI & cash excluded.
Welcome Benefits
Joining benefits worth ₹3,000+
Milestone Rewards
N/A
Domestic Lounge Access
2 visits each quarterly.
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
N/A
Other Benefits
- Railway lounge access — 4 complimentary railway lounge visits per quarter.
- Roadside assistance & insurance covers — Complimentary roadside assistance and insurance cover bundle.
Fees & Charges
Spend-Based Waiver
Not waivable
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.50% per month (42.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹200 and ₹5,000, capped at ₹300 per monthly.
Cash Advance Charges
2.5% or ₹500 (whichever is higher)
Product Details
- Co-branded mid card by IDFC FIRST Bank and LIC.
- Lifetime free — no joining or annual fee.
- Available on the Visa network.
- Complimentary airport lounge access: domestic (2/quarterly).
Pros & Cons
Pros
- Lifetime-free — no joining or annual fee.
- Complimentary domestic airport lounge access (2/quarterly).
Cons
- Standard forex markup of 3.50% — suboptimal for international spend.
- No rewards on fuel spends.
₹3,000 welcome benefit
- Joining benefits worth ₹3,000+On joiningWindow: 90 days from issuance.
Accelerated rewards
- 10 pts per ₹125 on lic insurance premium10X (10 RP per ₹125) on LIC insurance premium payments; 5X (base) on other spends. Bonus 20% RP on hotels / 8% on flights via IDFC FIRST app (up to 40% via Rewards Gallery).
Exclusions
The following spend categories earn no rewards on this card:
- fuel
- rent
- insurance premiums
- emi
- cash advance
Airport lounge access
Domestic
2 visit(s) / quarterly. Via visa, dreamfolks.
Fuel surcharge waiver
1.0% waiver on fuel transactions between ₹200 and ₹5,000, capped at ₹300 per monthly.
Other benefits
- Railway lounge access. 4 complimentary railway lounge visits per quarter.
- Roadside assistance & insurance covers. Complimentary roadside assistance and insurance cover bundle.
Sources
- : www.idfcfirst.bank.in · retrieved 3 Jul 2026
Last verified 3 Jul 2026. Verify with the issuer before applying.
Eligibility
- Age
- 21–60
- Credit score
- 720+
- Income (salaried)
- ₹6,00,000 p.a.
- Income (self-employed)
- ₹6,00,000 p.a.