Axis Bank Select vs IDFC FIRST Bank FIRST Wealth
A field-by-field comparison of fees, reward rates, accelerated categories, caps, exclusions, lounge access and forex markup, using each issuer's own published terms. Affiliate payout never decides the verdict.
Short answer
Axis Bank Select and IDFC FIRST Bank FIRST Wealth differ first on recurring cost: Axis Bank Select has an annual fee of ₹3,000 + GST against ₹0 for IDFC FIRST Bank FIRST Wealth, so IDFC FIRST Bank FIRST Wealth is cheaper to hold. On rewards, Axis Bank Select earns 10 EDGE Reward Points per ₹200 on eligible spend while IDFC FIRST Bank FIRST Wealth earns 3 Reward Points per ₹200 on eligible spend (0.375% at ₹0.25/point). IDFC FIRST Bank FIRST Wealth has the lower forex markup at 1.5%. Neither card wins outright: the better choice depends on which accelerated categories match your spend, the monthly caps, the exclusions and issuer approval fit.
Source: CardMasters issuer-evidence catalogue, release 2026-08-01. Confirm final terms with the issuer.
| Feature | Axis Bank Select | IDFC FIRST Bank FIRST Wealth |
|---|---|---|
| Issuer | Axis Bank | IDFC FIRST Bank |
| Joining fee | ₹3,000 + GST | ₹0 |
| Annual fee | ₹3,000 + GST | ₹0 |
| Fee waiver | ₹8,00,000 annual eligible spend | No waiver recorded |
| Base rewards | 10 EDGE Reward Points per ₹200 on eligible spend | 3 Reward Points per ₹200 on eligible spend (0.375% at ₹0.25/point) |
| Accelerated routes | retail shopping (first ₹20,000/mo) | dining, travel, international and birthday spends |
| Reward exclusions | fuel, rent, wallet load, insurance, utility, jewellery, government, education | fuel, emi, cash advance, fees, loan on card, balance transfer |
| Forex markup | 3.5% | 1.5% |
| Domestic lounge | 2/quarter (₹50,000 spend in previous 3 months) | 1/quarter after ₹20K spend in the previous calendar month |
| International lounge | up to 12/yr through Priority Pass; membership renews after ₹3 lakh preceding anniversary-year spend | 1/quarter after ₹20K spend in the previous calendar month |
| Card networks | Mastercard World | Visa Infinite |
| Best suited to | lounge, grocery, premium lifestyle | lifetime free, low forex, premium on budget |
| Issuer evidence | Checked 2026-08-01 | Checked 2026-08-01 |
Frequently asked questions
Is the Axis Bank Select better than the IDFC FIRST Bank FIRST Wealth?
Neither is universally better. Axis Bank Select charges ₹3,000 + GST a year and earns 10 EDGE Reward Points per ₹200 on eligible spend; IDFC FIRST Bank FIRST Wealth charges ₹0 and earns 3 Reward Points per ₹200 on eligible spend (0.375% at ₹0.25/point). The better card is the one whose accelerated categories, caps and exclusions match your actual spending, after subtracting the annual fee and GST.
Which of the two has the lower annual fee, Axis Bank Select or IDFC FIRST Bank FIRST Wealth?
IDFC FIRST Bank FIRST Wealth has the lower recorded annual fee at ₹0. A spend-based waiver may reduce the effective cost of the other card, so check the waiver threshold before deciding.
Which is better for international spending, Axis Bank Select or IDFC FIRST Bank FIRST Wealth?
IDFC FIRST Bank FIRST Wealth publishes the lower forex markup at 1.5% versus 3.5%. Also confirm whether international transactions earn rewards, since some issuers exclude them.
Can I hold both cards together?
Yes, provided each is approved on its own merits and you can pay both statements in full. Holding both makes sense only when their accelerated categories do not overlap; otherwise the second card adds an annual fee without adding rewards.