Author
LoansJagat Team
Read Time
13 Minute
17 Feb 2025
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.
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.
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:
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.
If you are a travel enthusiast, the IDFC FIRST Millennia credit card has several exclusive travelling rewards for you, including:
You will be entitled to 4 free railway lounge visits per quarter to sit comfortably during your train schedule.
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.
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.
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.
This is yet another reason millennials love this credit card—it offers them much financial flexibility:
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.
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.
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.
Here’s a simplified table with explanations for the various fees on the IDFC FIRST Millennia Credit Card
Fee Type | Amount/Percentage | Explanation |
Interest Rate (APR) | 9% to 43.8% per year (0.75% to 3.65% per month) | Interest is charged on the outstanding balance if not paid in full. |
Late Payment Fee | 15% of the due amount (min. Rs 100, max. Rs 1,300) | Fee charged for missing a payment deadline. |
Foreign Transaction Fee | 3.5% | There is a fee for using the card on international transactions. |
Over-limit Fee | 2.5% of the excess amount (min. Rs 500) | Fee for exceeding your credit limit. |
Cash Advance Fee | Rs 250 | Fee for withdrawing cash from an ATM or bank. |
Reward Redemption Fee | Rs 99 per redemption | There is a fee for redeeming reward points for gifts or vouchers. |
Convenience Fee (Reward Points) | Rs 99 + applicable taxes | There is a fee for redeeming reward points through a specific platform. |
Returned Payment/Cheque Fee | Rs 250 | Fee if a cheque or auto-debit payment is returned unpaid. |
Card Replacement Fee | Rs 100 | Fee for replacing a lost or damaged card. |
EMI Fee | 1% of the transaction amount (minimum amount applies) | A fee is charged for converting a transaction into EMI. |
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
How to do a Balance Transfer
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.
To apply for an IDFC FIRST Millennia Credit Card, you need to provide the following documents:
Here’s a step-by-step process on how to apply for an IDFC FIRST Millennia Credit Card offline:
Here’s a step-by-step process on how to apply for an IDFC FIRST Millennia Credit Card online:
Note: Make sure that at the time of Video KYC, you have black paper, a pen, and your original PAN card.
The IDFC FIRST Millennia Credit Card is a rewards card that will reward you with up to 10X rewards on spends of ₹20,000 or more each month. It is a lifetime-free card, so it is perfect for those starting with credit cards.
Online shoppers used to get 6X points on online purchases earlier. However, currently, both online and offline purchases attract 3X points.
Here’s a simple breakdown of the recent changes to the IDFC FIRST Millennia Credit Card rewards
Feature | Before Devaluation | Revised Feature (from 1st May 2024) |
Reward Points on Online Purchases | 6X points for online spends, up to ₹20,000 per month | 3X points on both online & offline spends, up to ₹20,000 per month. |
10X points on spends above ₹20,000 | 10X points on spends above ₹20,000 remain the same. | |
Reward Points on Utility Purchases | 1X points on utility spends for MCC 4900 | 1X points for utility spends on MCCs 4814, 4816, 4899 & 4900. |
Reward Points on Education, Wallet Loads, and Govt. Service Purchases | Up to 10X points | 3X points for these spends, and they will no longer count towards the 10X reward threshold. |
You can use the IDFC FIRST Millennia Credit Card for UPI payments by activating the digital RuPay version of the card through the IDFC FIRST Bank website or app.
You can reach IDFC FIRST Bank's customer care for the IDFC FIRST Millennia Credit Card by calling 1800 10 888. You can also contact them via WhatsApp, email, or the IDFC FIRST Bank mobile app.
Contact Details
The IDFC FIRST Millennia Credit Card is meant for young working professionals who desire rewards, savings, and lifestyle benefits minus the annual fee. It provides amazing benefits like 3X and 10X reward
points and exclusive discounts on movies and dining.
Designed for millennials, it offers financial flexibility with easy EMI conversion, low interest rates, and no expiry of reward points. From shopping, travel, to eating out, this card keeps your expenses minimal with quite liberal rewards. If you are a millennial looking for an all-in-one credit card, the IDFC FIRST Millennia Credit Card is the ticket!
Q1: What is the minimum age of an IDFC Millenia credit card?
To apply for the IDFC Millennia Credit Card, one has to qualify in a couple of other requirements. It requires that your annual income be over ₹3,00,000, and you must be above the age of 21 years.
Q2: Is the IDFC FIRST Millennia Credit Card free?
Yes, it has no joining or annual fees, making it a lifetime-free card.
Q3: Does the IDFC FIRST Millennia Credit Card offer any discounts on shopping?
Yes, the card offers various discounts and cashback on online shopping across multiple platforms.
Other Credit Cards | ||
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LoansJagat Team
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