IDFC FIRST Millennia Credit Card – The Best Choice for Millennials?

A perfect fit for the young professional is the IDFC FIRST Millennia Credit Card. With an expenditure of ₹25,000 every month, Rahul just makes the best of it, with 3X reward points on the first ₹20,000, totalling 60 points, and 10X points on the remaining ₹5,000, adding 50 to it. This means that Rahul now earns 110 points monthly, all free of annual fees.

This makes the card even more helpful for Rahul, as it combines reward and lifestyle benefits. He gets 25% off on movie tickets via Paytm and 20% savings at more than 1,500 restaurants monthly. He is saving on online shopping with amazing deals and cashback.

The IDFC FIRST Millennia Credit Card is designed for millennials. It's a lifetime-free rewards card with no cap on points, which means Rahul can keep earning while enjoying perks like discounts on dining, shopping, and even health-related outlets. It's the ideal card for anyone who loves rewards, savings, and a hassle-free experience.

What is an IDFC First Millennia Credit Card?

The IDFC FIRST Millennia Credit Card is made for millennials. It has amazing discounts and cashback for online shopping in all stores, and you get reward points for every purchase. It keeps the fees, including finance charges, low for better managing customer finances, making saving easier while offering benefits like discounts and rewards. 

Whether it is shopping online or managing expenses, this card is built to match the needs and lifestyles of today's millennials.

Features of the IDFC FIRST Millennia Credit Card

1. No joining or annual fees

This credit card is outstanding as it does not charge joining or annual fees. That way, you will be enjoying all the benefits without recurring costs. It's a lifetime-free credit card, which people look for if they want a hassle-free experience.

2. Points with every purchase

The IDFC FIRST Millennia Credit Card gets closer each time with more rewards you might have made. You can earn 3X monthly reward points for spending up to ₹20,000. And it does not end here:

• 10X Reward Points on spends on birthdays and incremental spending over and above ₹20,000 in a statement cycle.
• 1X Reward Points on all insurance premium payments and utility bills.
• These reward points can be accumulated and traded for fabulous rewards, from cashback and gifts to travel.

3. No Expiry on Reward Points:

Unlike many other credit cards, the reward points you earn with the IDFC FIRST Millennia Credit Card do not expire. This allows you to redeem them at any time you wish to do so, free from any loss pressure.

4. Easy EMI Options:

You can convert all purchases above ₹2,500 into EMIs from the IDFC FIRST Millennia Credit Card. Managing large purchases will be much easier and even more affordable, keeping you away from hefty upfront payments.

5. Interest-Free Cash Withdrawals:

Need some cash in hand? You can withdraw some money interest-free for up to 45 days with the IDFC FIRST Millennia Credit Card. There is a withdrawal fee of ₹199 + GST per transaction, but you can take advantage of no interest for the first 45 days, giving you time to pay back.

Read More - IDFC First Power Plus Credit Card

Travel Privileges with the IDFC FIRST Millennia Credit Card

If you are a travel enthusiast, the IDFC FIRST Millennia credit card has several exclusive travelling rewards for you, including:

• Free Lounge Access

You will be entitled to 4 free railway lounge visits per quarter to sit comfortably during your train schedule.

• Free Roadside Assistance

With each card, you get complimentary roadside assistance that costs ₹1,399. Whether changing a flat tyre or giving a jump-start to get the battery up and running again, it could prove very handy when you're on the go.

• Fuel Surcharge Waiver

You will enjoy a 1% fuel surcharge waiver on all your fuel purchases with a value of ₹200 per month; thus, it saves you when refilling.

• Travel Bookings and Discounts

You get a discount along with all the other rewards on flights and hotels when you make all your bookings on the IDFC FIRST Mobile Banking App. In addition, you will get bonus points of 20 for every ₹100 spent at hotels.

Financial Flexibility with the IDFC FIRST Millennia Credit Card

This is yet another reason millennials love this credit card—it offers them much financial flexibility:

• Low Interest Rates:

The IDFC FIRST Millennia Credit Card comes with low interest rates, with APR starting from just 9% per annum. As of 20th February 2025, the APR will start from 8.5% per annum. In comparison, this is one of the lowest in the industry.

• Instant EMI Conversion:

If you prefer to break your purchases into smaller, manageable installments, you can instantly convert all transactions above ₹2,500 into EMIs. You can do this through the bank’s OTP page, making the entire process seamless.

• Flexibility with UPI:

In addition to traditional credit card payments, you can activate UPI payments for just ₹199. This feature makes linking your credit card to popular payment systems like Google Pay, PhonePe, and Paytm easier for everyday transactions.

Annual Percentage Rate (APR) and Charges on IDFC FIRST Millennia Credit Card

Here’s a simplified table with explanations for the various fees on the IDFC FIRST Millennia Credit Card

IDFC FIRST Millennia Credit Card EMI and Balance Transfer Facility

The Balance Transfer feature on the IDFC FIRST Bank Credit Card lets you transfer your outstanding balance on another credit card to your IDFC FIRST Bank Credit Card. If you opt for the Balance Transfer on EMI option, you can quickly transfer the carried-forward balance on EMI. 

Also Read –  IDFC First Bank Select Credit Card

Here is how you should do it

• Balance Transfer: It even offers balance transfers, whereby debt is shifted into another credit card, typically with reduced interest and pay-off rates.
  
  
• Transfer Fee: There may be a fee for the balance transfer, usually between 3% and 5%.
  
  
• EMI Conversion: If you let Emirates NBD convert the amount into EMIs, you would be charged a one-time fee of Rs. 99 or 1% of the amount transferred—whatever is higher—and GST, respectively.

How to do a Balance Transfer

• Check if your card provider allows this service
• Initiate the transfer process on their platform
• Share the credit card details of the account you are transferring to and the amount you want to transfer.

IDFC FIRST Millennia Credit Card Eligibility Criteria

The key requirement is that one needs to be more than 18 years old to be eligible to apply for the IDFC FIRST Millennia Credit Card.

• You must be an Indian citizen or a non-resident Indian.
• You need to have a stable income and be able to make monthly repayments.
• Your minimum annual income should be ₹3,00,000.

Documents Required for IDFC FIRST Millennia Credit Card

To apply for an IDFC FIRST Millennia Credit Card, you need to provide the following documents:

• Proof of identity: Aadhaar card, voter ID, passport, or driving license 
• Proof of address: Aadhaar card, voter ID, passport, ration card, or electricity bill 
• Proof of income: Salary slip, Form 16, income tax returns, or audited financial document 

How to Apply for the IDFC FIRST Millennia Credit Card?

Here’s a step-by-step process on how to apply for an IDFC FIRST Millennia Credit Card offline:

1. Visit the nearest IDFC Millennia Credit Card.
2. Ask for a credit card application form
3. Fill out the application form carefully.
4. Submit the application form along with the required documents.

Here’s a step-by-step process on how to apply for an IDFC FIRST Millennia Credit Card online:

1. Visit the official website of IDFC Bank.
2. Enter your name, mobile number, and DOB, and click ‘Get OTP.’
3. Enter the OTP received on your registered mobile number, agree to the terms & conditions, and then click ‘Proceed.’
4. Enter your PAN card number, gender, address, and pincode, and click ‘Proceed.’
5. Enter your occupation, company name, and salary, and click on ‘Continue.’

Note: Make sure that at the time of Video KYC, you have black paper, a pen, and your original PAN card.

• During the KYC video, an employee from HDFC Bank will appear on your screen and ask you to show him the original PAN card.
• Then he’ll ask you to sit straight and capture a photo of you.
• After that, he’ll tell you to put your signature on a blank piece of paper before him.