IDFC FIRST Millennia Credit Card

Gaurav

The IDFC FIRST Millennia Credit Card is an excellent choice for those looking for an entry-level credit card with a range of benefits. It offers a rewarding experience with up to 10x non-expiring Reward Points on both online and offline spending. These points can be redeemed at any time, providing great flexibility for cardholders.

For those who travel by train, the card offers complimentary Railway Lounge access up to four times a quarter, enhancing your travel experience. In addition to travel benefits, you can enjoy discounts like up to 25% off on movies and up to 20% off on dining.

Other valuable perks include complimentary roadside assistance, adding extra convenience to your travels. What makes the IDFC FIRST Millennia Credit Card even more appealing is that it is a lifetime-free card, meaning there are no annual fees. This makes it a cost-effective option for anyone looking to earn rewards while enjoying a variety of benefits.

Credit Card Detail
IDFC FIRST Millennia Credit Card
Joining Fee
Rs. 0.00 +GST
Renewal Fee
Rs. 0.00 +GST
Best Suited For
Movies | Shopping
Reward Type
Reward Points
Welcome Benefits
Get 5% cashback on your first EMI spend up to Rs. 1,000, plus welcome gift vouchers worth Rs. 500 when you spend Rs. 5,000 within 30 days of getting the card.
Apply Now
Movie & Dining
Up to 20% discount on more than 1,500 Restaurants across India. Avail 25% discount on movie tickets once a month on the Paytm app (up to Rs. 100).
Domestic Lounge Access
N/A
Rewards Rate
Earn 3 Reward Points for every R. 150 spent offline, 6 Reward Points for every Rs. 150 spent online, and 10 Reward Points for every Rs. 150 spent above Rs. 20,000.
Golf
N/A
Travel
Get four complimentary railway lounge accesses and four roadside assistance services a year, each worth Rs. 1399.
Insurance Benefits
Personal Accidental Cover worth Rs. 2 Lakhs on all active cards. Lost Card Liability Cover of Rs 25,000.
International Lounge Access
N/A
Reward Redemption
N/A
Interest Rates
Starting from 0.75% and goes up to 3.5% per month.
Spend-Based Waiver
N/A
Rewards Redemption Fee
Rs. 99 plus taxes
Cash Advance Charges
Transaction fees of Rs. 199
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
1% fuel surcharge waiver at all fuel stations and on all fuel purchases across India (Upto Rs 200 every month).
Product Details
  • Interest rates start at 0.75% per month.
  • Complimentary Railway lounge access 4 times in a quarter.
  • Complimentary roadside assistance worth ₹1399.
  • Zero annual fee credit card.
  • Comes with never-expiring reward points.
  • 10x Reward Points on spends of ₹20,000 and above.
  • 10x Reward points on all spend done on your birthday.
  • 3x reward points on all online and offline spends.
  • Personal Accidental Cover worth ₹2 lakh on all active cards.
  • Fuel surcharge waiver on all fuel purchases up to ₹200 per month.
Pros/Cons
Pros
This card offers complimentary railway lounge access, making it perfect for domestic travelers who prefer trains. Plus, it’s a lifetime-free card, meaning no annual fees.
Cons
The IDFC First Millennia Credit Card doesn't offer access to domestic or international lounges. Also, there is a reward redemption fee of ₹99 with this card.

Before applying for a credit card in India, consider the following factors:

  • Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
  • Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
  • Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
  • Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
  • Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
  • Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
  • Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
  • Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
  • Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
  • Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
  • Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.

Add new comment

About text formats

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.