IDFC Bank First Millennia Credit Card
Rewards & Benefits
Welcome Benefits
Users will get a gift voucher worth Rs 500 on spending Rs 15000 in the first 3 months and 5% cashback (up to Rs1000) on the transaction value of the first EMI done within 90 days of card generation.
Milestone Benefits
Cashback Rate
Users will get 1 reward point per₹150 spent, and the value of 1 reward point is ₹0.25.
3X reward points on spends till ₹20,000 in a statement cycle, cashback rate: 0.50%.
10X reward points on crossing spends of ₹20,000 in a statement cycle & on your birthday, cashback rate: 1.66%.
1X reward points on Insurance premium and Utility bill payments. cashback rate: 0.16%.
Movie Benefits
25-75% on movie tickets every month, and Upto 25% across 1,500 restaurants.
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
INR 0
Annual Fee
INR 0
Cash Advance Fee
Cash withdrawal fee - INR 199
Interest rate
0.75% - 3.5%. Annual Interest Rate - 9% - 42%
Late Payment Fee
Late payment fee: 15% of Total Amount Due (subject to a minimum of ₹100 and a maximum of ₹1250).
Foreign Currency Transactions Fee
Forex Mark up - 3.5%
Other Fees
Fuel Surcharge: 1%, waived upto INR 200 per statement cycle. | Redemption fee: INR 99
Cons
Low effective cashback rate of 0.25%.
Some benefits are only provided on premium variants of the card.
Card provides limited offers and value add services to its users in comparison to other cards.
Welcome Benefits: Users will get a gift voucher worth Rs 500 on spending Rs 15000 in the first 3 months and 5% cashback (up to Rs1000) on the transaction value of the first EMI done within 90 days of card generation.
Reward System: Users will get 1 reward point per₹150 spent, and the value of 1 reward point is ₹0.25. 3X reward points on spends till ₹20,000 in a statement cycle, cashback rate: 0.50%. 10X reward points on crossing spends of ₹20,000 in a statement cycle & on your birthday, cashback rate: 1.66%. 1X reward points on Insurance premium and Utility bill payments. cashback rate: 0.16%.
Complimentary airport lounge and golf access.
25-75% on movie tickets every month, and Upto 25% across 1,500 restaurants.
Rewards & Benifits
Welcome Benefits
Users will get a gift voucher worth Rs 500 on spending Rs 15000 in the first 3 months and 5% cashback (up to Rs1000) on the transaction value of the first EMI done within 90 days of card generation.
Rewards System
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Lowest interest rate.
Eligibility Criteria
Age: 21 years & above.
Indian resident with permanent residential address.
Annual Income of INR 3 Lakh or more.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for an IDFC First Millennia Credit Card:
Visit the IDFC First Bank website and click on the "Apply for Credit Card" tab.
Select the IDFC First Millennia Credit Card from the list of cards.
Enter your personal details, such as your name, address, and contact information.
Enter your employment details, such as your employer's name and your salary.
Enter your income details, such as your monthly income and your annual income.
Upload a copy of your PAN card and a recent passport-size photograph.
Submit your application.
IDFC First Bank will review your application and get back to you within 7-10 working days. If your application is approved, you will receive your credit card within 2-3 weeks.
Contact Details
Toll Free No: 1860 258 2000
Whatsapp banking (for registered Nos): Numbers to connect: 95555 55555
Email us at Banker@idfcfirstbank.com
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefits: Users will get a gift voucher worth Rs 500 on spending Rs 15000 in the first 3 months and 5% cashback (up to Rs1000) on the transaction value of the first EMI done within 90 days of card generation.
Reward System: Users will get 1 reward point per₹150 spent, and the value of 1 reward point is ₹0.25. 3X reward points on spends till ₹20,000 in a statement cycle, cashback rate: 0.50%. 10X reward points on crossing spends of ₹20,000 in a statement cycle & on your birthday, cashback rate: 1.66%. 1X reward points on Insurance premium and Utility bill payments. cashback rate: 0.16%.
Complimentary airport lounge and golf access.
25-75% on movie tickets every month, and Upto 25% across 1,500 restaurants.
Low effective cashback rate of 0.25%.
Some benefits are only provided on premium variants of the card.
Card provides limited offers and value add services to its users in comparison to other cards.
IDFC First Millenia Credit Card is a feature rich card. However, it is most suitable for people who are students or have just started earning. It has a very low cashback rate and it lacks lot of premium features.
IDFC First Millenia Credit Card is a feature rich card. However, it is most suitable for people who are students or have just started earning. It has a very low cashback rate and it lacks lot of premium features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: INR 0
Annual Fee: INR 0
Late payment fee: 15% of Total Amount Due (subject to a minimum of ₹100 and a maximum of ₹1250).
Fuel Surcharge: 1%, waived upto INR 200 per statement cycle.
Cash withdrawal fee - INR 199
Redemption fee: INR 99
Monthly Interest Rate - 0.75% - 3.5%. Annual Interest Rate - 9% - 42%
Forex Mark up - 3.5%
Fuel Surcharge
Fuel Surcharge: 1%, waived upto INR 200 per statement cycle.
Billing Cycle
30 Days