IDFC FIRST Bank is making the Select Credit Card easier to keep long term for customers who already maintain a healthy relationship with the bank. The annual fee is now permanently waived for customers maintaining a ₹25,000+ balance in an IDFC FIRST Bank savings account.
That’s a meaningful change because it turns the card into a much more attractive option for existing banking customers who don’t want to pay a recurring fee just to keep premium-style benefits alive. The card also continues to offer 3X reward points on online spends, 6X on dining, and complimentary railway lounge access.
For people who already park money in IDFC FIRST Bank, this is a neat way to unlock card value without adding another annual fee to the household budget. The fee waiver is especially useful because it’s permanent, not a temporary first-year perk. That makes the card easier to hold for the long run if you naturally keep balances above the threshold.
The reward structure remains appealing for everyday use too. Online shopping and dining are two of the most common spend categories, so a card that rewards both while also offering lounge access can be quite practical. The key question is whether you can maintain the required balance comfortably without compromising your broader savings strategy.
For rewards enthusiasts, this is a classic “banking relationship” card: the more you already use the bank, the better the card becomes. If you’re someone who likes to optimize by keeping funds and spends within one ecosystem, the Select Card now looks more compelling than before.
What You Should Do: If you already maintain ₹25,000+ in an IDFC FIRST Bank savings account, this is a good time to review the Select Card and see whether the permanent annual fee waiver makes it worth keeping or applying for. If you don’t keep that balance naturally, the card may be less compelling than it looks on paper.