LIC IDFC FIRST Select Credit Card

IDFC FIRST Bank · Open to apply

A lifetime-free co-brand with LIC Cards. It pays 10 points per ₹125 (2%) on LIC premiums paid on licindia.in, 5 points per ₹125 (1%) on most other spends, with essentials such as groceries, bills, education and government payments capped at 600 points a cycle, plus two spend-gated airport lounge visits a quarter and zero forex markup.

Annual fee
Lifetime free
Joining fee
None
Base rate
All other spends, 5X (5 points per ₹125): 5 IDFC FIRST Bank reward points per ₹125 (about 1% at cash value)
Lounges
Domestic: 2 visits a calendar quarter after ₹20,000 spend; Railway: 4 visits a calendar quarter
Forex markup
0%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • Hotels booked in the IDFC FIRST app, 20% bonus points (20 points per ₹100): 20 IDFC FIRST Bank reward points per ₹100 on top of the base rate (about 5% at cash value)
  • LIC premiums on licindia.in, 10X (10 points per ₹125): 10 IDFC FIRST Bank reward points per ₹125 (about 2% at cash value)
  • Flights booked in the IDFC FIRST app, 8% bonus points (8 points per ₹100): 8 IDFC FIRST Bank reward points per ₹100 on top of the base rate (about 2% at cash value)

Earns nothing on

  • No points on fuel, rent, non-LIC insurance, EMI and cash withdrawals

Where the sources disagree

  • App travel bonus rate: The product page still says "earn 45/₹125 Bonus Reward Points on hotel bookings & 20/₹125 ... on flights" and "up to 40% Reward Points", the terms of the December 2025 letter. The same page, the May 2026 letter and the travel T&C (effective 18 June 2026) say 20% on hotels and 8% on flights, with a total of up to 24% and 12%. We use the T&C.
  • Purchase protection and credit shield cover: The product page says ₹25,000 each; the product guide (September 2026) says ₹50,000 each on lost card liability, credit shield and purchase protection. We use the page's ₹25,000 (lower) and say so in the text.

Terms the calculator does not value

  • Only the first 5 LIC premium payments in a statement cycle earn the 10X rate; from the 5th payment no points are earned (product FAQ and guide).
  • The app travel bonus percentages are read as points per ₹100 of spend (20% = 20 points per ₹100), the basis the T&C uses for the base ("up to 4%" = 5 points per ₹125). If the bank meant a percentage of the base points, the bonus is far smaller.
  • From 18 January 2026 no points are earned for a billing cycle in which the minimum amount due is not paid by the due date; points already posted are reversed.
  • From 18 June 2026 points are earned only on spends up to the credit limit in a billing cycle. The calculator does not know the credit limit and applies no cap.

Sources

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