If you’re looking for an entry-level credit card, the IDFC FIRST Millennia Credit Card is a great option. This card operates on a reward points system, offering up to 10x non-expiring Reward Points that can be redeemed whenever you like. It rewards both online and offline spending, making it versatile for everyday use. For those who frequently travel by train, the card provides complimentary Railway Lounge access up to four times per quarter, adding a touch of luxury to your journeys.
In addition to travel perks, the card offers a range of other benefits, including up to 25% off on movie tickets, up to 20% off on dining, and complimentary roadside assistance. Best of all, it’s a lifetime free card with no annual fees, meaning you can enjoy all these benefits without any ongoing costs.
Keep reading to discover more about the features and advantages of the IDFC FIRST Millennia Credit Card.
- Overview
- Welcome Benefits
- Charges for Card
- IDFC FIRST Millennia Credit Card Benefits
- Rewards
- Milestone Benefits
- Redemption
- Airport Lounge Access
- Forex Markup Fee
- Who Should Get the Card
- Eligibility for IDFC FIRST Millennia Credit Card
- Card Review
- Pros and Cons
- Similar Cards to IDFC FIRST Millennia
- Relevant Links
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Lifestyle Credit Card/Lifetime Free card |
| Reward Rate | Up to 6x Reward Points on specific spends |
| Reward Value | 1 Reward Point = ₹0.25 |
| Joining Fee | Nil |
| Unique Selling Points | No annual fee, comprehensive rewards program, welcome benefits |
| Rating (out of 5) | 4.5 |
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Bonus Reward Points | 5,000 Reward Points on spending ₹15,000 within the first 90 days |
| Additional Benefits | Discounts on movie tickets, dining, and shopping |
Charges for Card
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Renewal Fee | Nil |
| Finance Charges | 0.75% to 3.5% per month (9% to 42% per annum) |
| Late Payment Fee | ₹100 to ₹1,000 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
IDFC FIRST Millennia Credit Card Benefits
Travel Benefits: Access to select domestic lounges through the Mastercard Lounge Program, and travel insurance coverage.
Dining Offers: Enjoy discounts at partner restaurants and dining establishments.
Movie Ticket Discounts: Discounts or free tickets for movie bookings via partner platforms.
Fuel Surcharge Waiver: Waiver of fuel surcharges at petrol pumps.
Insurance and Protection: Purchase protection, extended warranty, and fraud liability coverage.
Rewards
| Spend Category | Reward Rate |
|---|---|
| Online Spends | 6x Reward Points |
| Offline Spends | 3x Reward Points |
| All Other Spends | 1x Reward Point |
| Reward Value | 1 Reward Point = ₹0.25 |
| Rewards Expire in | 3 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1 Lakh | 10,000 Reward Points |
Redemption
Reward Points can be redeemed for:
- Shopping Vouchers: Use points to get vouchers for leading brands.
- Travel Bookings: Redeem points for flight and hotel bookings.
- Gift Vouchers: Available for various brands and services.
Airport Lounge Access
Domestic Lounges: Complimentary access to select lounges through the Mastercard Lounge Program.
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Who Should Get the Card
The IDFC FIRST Millennia Credit Card is perfect for young professionals and millennials who want to begin their credit journey and build a strong credit profile. With no annual fee, attractive rewards, and benefits on dining, movies, and shopping, this card is designed to cater to the lifestyle of the modern consumer. Whether you are a travel enthusiast, a movie buff, a foodie, or a shopaholic, this card has something for you. Unlock your savings journey with the IDFC FIRST Millennia Credit Card.
Eligibility for IDFC FIRST Millennia Credit Card
To apply for the IDFC FIRST Millennia Credit Card, applicants must meet the following criteria:
- Age: 21 to 60 years for salaried individuals, 21 to 65 years for self-employed individuals
- Income: Minimum ₹20,000 per month for salaried applicants; ₹3 lakh per annum for self-employed applicants
- Documents Required: Aadhar Card, PAN Card, proof of income (latest salary slips, bank statements, or ITR), and residence proof.
Card Review
Editor’s Rating
Summary
The IDFC FIRST Millennia Credit Card is an excellent choice for young professionals and millennials. With no annual fee, high reward rates, and benefits on dining, movies, and shopping, it offers great value for those looking to maximize their savings and enjoy a range of lifestyle benefits.
Pros and Cons
| Pros | Cons |
|---|---|
| No annual fee | High foreign transaction fee |
| High reward rates on online spends | Limited lounge access |
| Attractive welcome benefits |
Similar Cards to IDFC FIRST Millennia
| Feature | IDFC FIRST Millennia Credit Card | HDFC Millennia Credit Card | SBI SimplyCLICK Credit Card | Citi Cashback Credit Card |
|---|---|---|---|---|
| Annual Fee | Nil | ₹1,000 + GST | ₹499 + GST | ₹500 + GST |
| Lounge Access | Domestic lounges | Domestic lounges | No lounge access | No lounge access |
| Reward Rate | Up to 6x Reward Points | Up to 5% cashback | 10x Reward Points on online spends | 5% cashback on utility bills |
| Reward Value | 1 point = ₹0.25 | 1 point = ₹0.25 | 1 point = ₹0.25 | 1 point = ₹0.30 |
| Special Benefits | Dining, movie, and shopping discounts | Extra benefits on Amazon, Swiggy, Zomato | Online shopping rewards | Cashback on utility bills |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
- Best Lifetime Free Credit Cards in India
- Best Credit Cards for Beginners in India
- How to Maximize Credit Card Rewards
- IDFC FIRST Credit Cards
For more detailed information about IDFC FIRST credit cards and other financial products, you can visit the official IDFC FIRST Bank website.
FAQ
Q: What is the annual fee for the IDFC FIRST Millennia Credit Card?
A: There is no annual fee for the IDFC FIRST Millennia Credit Card.
Q: How can I earn reward points with the IDFC FIRST Millennia Credit Card?
A: You can earn up to 6x Reward Points on online spends and 3x Reward Points on offline spends.
Q: How can I redeem the reward points earned with the IDFC FIRST Millennia Credit Card?
A: Reward Points can be redeemed for shopping vouchers, travel bookings, and gift vouchers through the bank’s rewards portal.
Q: Does the IDFC FIRST Millennia Credit Card offer any special benefits for millennials?
A: Yes, the card provides discounts on dining, movies, and shopping, catering specifically to the lifestyle needs of millennials.
Q: What milestone benefits are available with the IDFC FIRST Millennia Credit Card?
A: You can earn 10,000 Reward Points upon spending ₹1 Lakh annually.
Q: Is the IDFC FIRST Millennia Credit Card worth it for young professionals?
A: Absolutely. With no annual fee, high rewards on online spends, and various lifestyle benefits, this card offers great value for young professionals and millennials.
