IDFC FIRST Select vs ICICI MMT Signature
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IDFC FIRST Select wins 8-1. Lifetime-free with surprisingly strong reward earn rates. ICICI MMT Signature is still the right call if makemytrip loyalists — co-branded with strong travel benefits..
Side-by-side
| Criterion | IDFC FIRST Select | ICICI MMT Signature |
|---|---|---|
| Annual fee | No annual fee | · ₹2,500 |
| Joining fee | None | · ₹2,500 |
| Top reward rate | 10% (shopping) | · 6% (travel) |
| Base reward rate | 3% | · 1.5% |
| Forex markup | 1.99% | · 2.5% |
| Welcome bonus | = 600 reward points on ₹15K spend in first 90 days | = ₹2,500 MMT Black holidays voucher |
| Fee waiver threshold | · N/A (no fee) | ₹600,000 / yr |
| Min income | ₹600,000 | · ₹800,000 |
| Min credit score | 750 | · 770 |
| Editorial rating | 4.5/5 | · 4.4/5 |
Benefits compared
IDFC FIRST Select
- 10x reward points on ₹20K+ monthly spend
- 6x reward points on ₹20K below threshold
- 3x reward points on offline spend
- Lifetime free — no annual fee, ever
- 4 complimentary domestic + 2 international lounge visits per quarter
- 1% fuel surcharge waiver
ICICI MMT Signature
- 6% myCash on flight + hotel bookings via MMT
- 3% myCash on dining + grocery
- 1.5% on others
- 4 international + 4 domestic lounge visits/year
- MMT Black membership
FAQ
›IDFC FIRST Select vs ICICI MMT Signature: which is better?
IDFC FIRST Select wins on more dimensions (8 vs 1). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use IDFC FIRST Select for its best categories, ICICI MMT Signature for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
IDFC FIRST Select: 600 reward points on ₹15K spend in first 90 days. ICICI MMT Signature: ₹2,500 MMT Black holidays voucher.