- Features And Benefits Of IDFC First Millennia Credit Card
- Fees & Charges Of IDFC First Millennia Credit Card
- Eligibility Required For IDFC First Millennia Credit Card
- Documents Required For IDFC First Millennia Credit Card
- How To Apply For IDFC First Millennia Credit Card?
- Credit Limit Of IDFC First Millennia Credit Card
- IDFC First Millennia Credit Card Payment
- IDFC First Millennia Credit Card Vs. IDFC First Select Credit Card
- IDFC First Millennia Credit Card Vs. IDFC First Classic Credit Card
- IDFC First Millennia Credit Card Vs. IDFC First Wealth Credit Card
- IDFC First Bank Credit Card PIN Generation:
- FAQs
The FIRST Millennia credit card from IDFC is the best option if you’re in the market for an entry-level card. This credit card has a respectable rewards programme and is based on reward points. It provides up to 10x Non-Expiring Reward points that can be used whenever you like. With this card, you can earn points for both in-store and online purchases. Additionally, if you enjoy taking trains, this card offers free entry to the Railway Lounge four times every year, making train travel much more opulent.
Additional card features include free roadside assistance, a price reduction of up to 25% on films, a discount of up to 20% on eating and many more.
The majority of people in India are only aware that the IDFC Bank provides debt and loans to individuals. But for the first time, this bank has introduced a new credit card. You are also eligible for a credit card if you already have an account with IDFC Bank. The card’s name is IDFC First Millennia Credit Card, and it offers many exhilarating advantages. Through this credit card, you can save some additional money on dining out and earn hundreds of thousands of reward points. However, there are no annual or renewal costs with this card. However, you must review all of this credit card’s features and advantages before applying for it.
Features And Benefits Of IDFC First Millennia Credit Card
The IDFC First Millennia Credit Card is targeted at young individuals who love to spend on shopping, entertainment, dining, etc. The following are some of the important features and advantages of this credit card:
Welcome Benefits
- IDFC First Millennia credit card comes with a host of welcome benefits for the buyer. You get an e gift voucher worth Rs. 500 on spending Rs. 15,000 or more within 90 days of issuance of this credit card.
- You also get a cashback of 5% (maximum Rs. 1000) on your first EMI transaction if done within the first three months of card issuance.
Movie And Dining Benefits
- IDFC First Millennia credit card offers a 25% discount on movie tickets (up to Rs. 100), on the Paytm app, once every month so that you can watch your favorite heroes in action on big screens.
- You can avail of up to 20% discount at more than 1,500 leading restaurants across India and relish your favorite delicacies without any worries.
Travel Benefits
If you frequently travel via train, then there is good news for you. This card offers complimentary Railway Lounge access 4 times a quarter. Now waiting for your rides would be hassle-free and sense of luxury and sheer comfort, these lounges are no less than luxury hotels.
Insurance Benefits
- If you are a user of this card, then you are entitled to get a Personal Accident Cover worth Rs. 2 Lakhs which gets active in case of an accident or similar mishap.
- Also, in case you tend to lose this card, your card will be equipped with a complimentary lost card liability cover of Rs. 25,000. Both these are applicable only if this card is being used or is active.
Fuel Surcharge Waiver
- 1% fuel surcharge waiver at all fuel stations across India.
- Benefits available up to Rs. 200 per month.
Purchases To EMI Conversion
- Convert all your transactions above Rs. 2,500 into easy Equated Monthly Instalments (EMIs) from your mobile app.
- Instant EMI conversion of all online transactions above Rs. 2,500 on the IDFC FIRST Bank’s OTP page.
Credit Card Balance Transfer
- Transfer balances from your other bank credit cards conveniently with IDFC’s balance transfer privilege.
- Convert your outstanding balance into easy EMIs with flexible tenure of 3 to 18 months.
Low Finance Charges
To help young professionals manage their finances conveniently, an IDFC FIRST Millennia Credit Card offers low finance charges ranging from 0.75% to 3.5% per month. With low Credit Card interest rates (APR), you can maintain your lifestyle without going heavy on your pockets.
ATM Withdrawal Benefits
- Enjoy interest-free cash withdrawal from ATMs in the country for up to 48 days.
- There are no Add-on Charges.
- The APR of this credit card starts from 0.75% per month that makes 9% per annum.
Reward Point Benefits
- Earn 10X Reward Points on all the transactions that are above ₹20000.
- Earn 3X Reward Points on all the offline spends.
- Enjoy 6X Reward Points on all the online transactions.
- Multiply your reward points 10 times on your birthday.
- There is no maximum limit for earning reward points.
- You can redeem your reward points anytime because there is no expiry of the reward points.
- You will earn 1 reward point per ₹200 on every transaction.
- The value of 1 reward point is 0.25 paisa and it means that 4 reward points make 1 rupee.
Note: Some transactions, such as fuel, EMI, insurance transactions, and cash withdrawals, are not eligible for reward points.
Up To 10X Reward Points That Never Expire
Being a rewards focused card, IDFC FIRST Millennia Credit Card lets you earn rewards on all your purchases. The rate of reward earning is as follows:
| Category | Rewards Earned |
| On spends above Rs. 20,000 (per billing cycle) | 10X Reward Points |
| On Birthday | 10X Reward Points |
| Online Spends | 6X Reward Points |
| Offline Spends | 3X Reward Points |
The default rewards rate for online and offline spending is 1.5% and 0.75% respectively. However, if you make an incremental spend above Rs. 20,000, the reward rate will increase to 2.5%.
Generally, the most common complaint about credit card reward points is that they come with an expiration date. IDFC FIRST Millennia Credit Card beats this drawback by giving points that never expire. Even if you don’t redeem the points for a long time, you can get a substantial redemption benefit out of it.
Being a zero annual fee credit card, the rewards rate offered by the card is quite decent. However if you are not satisfied, have a look at the below mentioned alternatives. The table below shows the reward rate on some of the best credit cards in India:
| Credit Card | Annual Fee | Reward Points | Accelerated Rewards |
| HSBC Visa Platinum Credit Card | Nil | 2 reward points for every Rs. 150 spent | 3X Rewards on Dining, Hotels and Telecom for first year |
| HDFC Regalia Credit Card | Rs. 2,500 | 4 reward points for every Rs. 150 spent | NA |
| SBI Card PRIME | Rs. 2,999 | 2 reward points for every Rs. 100 spent | 5X reward points on Dining, Groceries, Departmental stores and Movies; 10X points on standing instructions of Utility Bills payment |
| SBI Card ELITE | Rs. 4,999 | 2 reward points on every Rs. 100 spent | 5X reward points on Dining, Groceries, Departmental stores and Movies |
| HDFC MoneyBack Credit Card | Rs. 500 | 2 reward points for every Rs. 150 spent | 2X reward points on online spends |
| Citibank Rewards Credit Card | Rs. 1,000 | 1 reward point for every Rs.125 spent | 10X more reward points at apparel and departmental stores |
| SBI SimplySave Credit Card | Rs. 499 | 1 reward point per Rs. 100 spent | 10X rewards on dining, movies and groceries |
| Standard Chartered Platinum Rewards Credit Card | Rs. 250 | 1 reward point for every Rs. 150 spent | 5 Reward Points for every Rs.150 spent on dining and fuel |
Reward Redemption
- Redemption of reward points earned using this credit card is simply a breeze. You can redeem the reward points against various categories & products. You have to pay a low amount of Rs. 99 plus taxes for reward redemption.
- The Reward points are being calculated as follows-
1 RP= Rs 0.25
Fees & Charges Of IDFC First Millennia Credit Card
| Particulars | Charges |
|---|---|
| Joining Fees of the Credit Card | Lifetime Free |
| Renewal Fees of the Credit Card | Lifetime Free |
| Minimum Credit Card Interest Rate | 0.75% per month or 9% per annum |
| Maximum Credit Card Interest Rate | 3.5% per month or 42% per annum |
| Foreign Mark-up Fees | 3.5% |
| Late Payment Fee | 15% of the Total Amount Due with a minimum and maximum of ₹100 to ₹1250 respectively. |
| International Cash Advance Fee | ₹199 per transaction |
| Domestic Cash Advance Fee | ₹199 per transaction |
| Fee for Reward Points Redemption | NIL |
| Validity of Reward Points | Unlimited |
| Fee for Reward Points Redemption | INR 99 |
| Over Limit Amount | 2.5% or INR 500 |
Should You Get IDFC First Millennia Credit Card
IDFC FIRST Millennia Credit Card is best suited for the people looking for a zero annual fee credit card offering decent rewards on both online and offline purchases. It is a good credit card for beginners and medium spenders.
However the question whether you should or should not apply for this card lies in what you actually want from your credit card.
| GET THIS CARD IF | CONSIDER OTHER OPTIONS IF |
| You do no wish to pay joining or annual fee for your card. You want simplicity of rewards and its redemption. You frequently shop online. You prefer earning rewards over cashback. You are not looking for any category-specific discount. You frequently book movie tickets. You do not put major expenses on your card | You are looking for other benefits along with rewards. You can afford to pay a slightly higher annual fee for multiple category benefits. If you already have a credit card with a good rewards program. You are looking for a card with travel benefits (this card does not provide airport lounge access or any other travel benefits) |
Eligibility Required For IDFC First Millennia Credit Card
To be eligible for an IDFC FIRST Bank Credit Card, you must meet the following criteria:
- Minimum net monthly income: Rs. 25,000 (subject to change).
- Age: Applicant must be aged between 21 to 65 years in order to apply for an IDFC FIRST Bank Credit Card.
- Citizenship: Applicant must be an Indian resident having a current and permanent residential address within India.
- Location: IDFC FIRST Bank maintains a set of cities which are allowed for sourcing cards.
- Credit bureau history: Applicant should have a good credit score and no evidence or history of defaulting on loans/ missing payments on loans or credit cards.
- Internal policy criteria: IDFC FIRST Bank runs certain internal policy criteria to choose a customer for issuing credit cards. Internal policy criteria are usually based on the applicant’s bureau history, any existing relationship with the bank, customer demographics, and credit exposure. The final decision to issue a credit card to the applicant is at the bank’s sole discretion, according to the mentioned internal policies.
Documents Required For IDFC First Millennia Credit Card
You are also required to submit a set of documents including valid proof of identity, address and income. Given below is the list of documents-
| Proof of Identity | PAN Card, Aadhaar Card, Voter’s ID Card, Passport, Driving Licence or any other government-approved photo ID |
| Proof of Address | Aadhaar Card, Passport, Utility bills (not more than 3 months old), or any other government-approved address proof |
| Proof of Income | Bank statement for the last 3 months, Salary slips for the last 3 months, Audited financials for the last two years (for self-employed), Form 16, etc. |
How To Apply For IDFC First Millennia Credit Card?
- Open the IDFC FIRST Millennia Credit Card page by clicking the https://www.idfcfirstbank.com/credit-card/millennia link.
- Click on the Apply Now button.
- Enter your name as per your Aadhaar Card.
- Enter your date of birth.
- Mention your mobile number.
- Click on the Get OTP button.
- Enter the OTP received on your mobile phone.
- You will soon receive a call from the bank’s representative regarding taking the application process ahead.
- Alternatively, you can also apply for an IDFC FIRST Millennia credit card through our website or by visiting the nearby IDFC FIRST Bank branch.
Credit Limit Of IDFC First Millennia Credit Card
Most individuals want a high credit limit on their credit cards but it depends wholly on your income and Cibil Score. The credit limit of the First Millennia Card is not specified and it depends on your income and the last repayment history of your debts. If you have maintained a good Cibil Score and have a stable and high income then you can get a high credit limit on this IDFC First Credit Card.
IDFC First Millennia Credit Card Payment
There are multiple options to make the payment of your IDFC First Credit Card and it depends on which method you chose. You can make payments through cheque or cash but there are some online methods of payments available below:-
- IDFC First Bank Internet Banking
- UPI Payments
- Net Banking of Another bank or through Debit Cards
- IMPS and NEFT in which you can use the IFSC Code IDFB0010225.
IDFC First Millennia Credit Card Vs. IDFC First Select Credit Card
| Categories | IDFC First Millennia Credit Card | IDFC First Select Credit Card |
| Joining Fees | 0 | 0 |
| Editor’s Rating | 2.75 | 2.75 |
| Key Features | Welcome Benefits include getting vouchers worth Rs. 500 on spending Rs. 15,000 within 90 days 5% cashback on making the first EMI transaction made within 90 days of card set-up Avail 10X Reward Points on all transactions above Rs. 20,000 Avail 6X Reward Points on Online Spends and 3X Reward Points on all Offline Spends Once a month, get a 25% discount on movie tickets up to Rs. 100 Personal Accident Cover of Rs. 2 Lakh Avail 20% discount on 1500+ Restaurants and 15% discount on 3000+ Health & Wellness Outlets Free Road Side Assistance(RSA) worth Rs. 1,399 1% Fuel surcharge waiver at any fuel stations in India up to Rs. 200 every month 10X Rewards on all spends done on your Birthday | Welcome Benefits include getting vouchers worth Rs. 500 on spending Rs. 15,000 within 90 days 5% cashback on making the first EMI transaction made within 90 days of card set-up 10X Reward Points on purchases greater than Rs.20,000 6X Reward Points on all online purchases and 3X Reward Points on all offline purchases 4 complimentary domestic lounge access per quarter 4 complimentary Railway lounge access every quarter Low foreign exchange mark-up fee of 1.99% 20% discount on 1500+ Restaurants 15% discount on 3000+ Health & Wellness Outlets Free Road Side Assistance(RSA) worth Rs. 1,399 |
| Editor’s Review | Pros Lifetime free credit card Complimentary Railway lounge access NIL Overlimit fees, NIL Addon charges Cons No milestone benefits Welcome gift voucher is only provided on spending Rs.15,000 within 90 days of card set-up No Airport Lounge Access | Pros 10X Rewards on all spends done on your Birthday Reward points will never expire Comprehensive Travel Insurance Cover of Rs. 22,500 Cons Welcome gift voucher is only provided on spending Rs.15,000 within 90 days of card set-up Interest-free cash withdrawal available for 48 days only The dining benefits provided by the card are satisfactory but not that great |
IDFC First Millennia Credit Card Vs. IDFC First Classic Credit Card
| Categories | IDFC First Millennia Credit Card | IDFC First Classic Credit Card |
| Joining Fees | 0 | 0 |
| Editor’s Rating | 2.75 | 3.3 |
| Key Features | Welcome Benefits include getting vouchers worth Rs. 500 on spending Rs. 15,000 within 90 days 5% cashback on making the first EMI transaction made within 90 days of card set-up Avail 10X Reward Points on all transactions above Rs. 20,000 Avail 6X Reward Points on Online Spends and 3X Reward Points on all Offline Spends Once a month, get a 25% discount on movie tickets up to Rs. 100 Personal Accident Cover of Rs. 2 Lakh Avail 20% discount on 1500+ Restaurants and 15% discount on 3000+ Health & Wellness Outlets Free Road Side Assistance(RSA) worth Rs. 1,399 1% Fuel surcharge waiver at any fuel stations in India up to Rs. 200 every month 10X Rewards on all spends done on your Birthday | Obtain a Gift Voucher of Rs. 500 on spending Rs. 15,000 within 90 days from card issuance 5% Cashback on first EMI transaction done within 90 days from card set-up 10X Reward Points on all transactions above Rs. 20,000 6X Reward Points on Online Spends 3X Reward Points on all Offline Spends Avail 25% Discount on Movie Tickets with a Maximum of Rs. 100 4 complimentary Railway lounge visits every quarter Personal Accident Cover worth Rs. 2 Lakh & complimentary lost card liability cover of Rs. 25,000 Fuel surcharge waiver 15% discount at 3,000+ Health and Wellness outlets |
| Editor’s Review | Pros Lifetime free credit card Complimentary Railway lounge access NIL Overlimit fees, NIL Addon charges Cons No milestone benefits Welcome gift voucher is only provided on spending Rs.15,000 within 90 days of card set-up No Airport Lounge Access | Pros 10X Rewards on all spends done on your Birthday Reward points will never expire Free Road Side Assistance(RSA) worth Rs. 1,399 Cons No milestone benefits Airport Lounge access limited, depends on the bank’s current offers Lifestyle benefits including Complimentary round of Golf is limited, depends on the bank’s current offers |
IDFC First Millennia Credit Card Vs. IDFC First Wealth Credit Card
| Categories | IDFC First Millennia Credit Card | IDFC First Wealth Credit Card |
| Joining Fees | 0 | 0 |
| Editor’s Rating | 2.75 | 3.25 |
| Key Features | Welcome Benefits include getting vouchers worth Rs. 500 on spending Rs. 15,000 within 90 days 5% cashback on making the first EMI transaction made within 90 days of card set-up Avail 10X Reward Points on all transactions above Rs. 20,000 Avail 6X Reward Points on Online Spends and 3X Reward Points on all Offline Spends Once a month, get a 25% discount on movie tickets up to Rs. 100 Personal Accident Cover of Rs. 2 Lakh Avail 20% discount on 1500+ Restaurants and 15% discount on 3000+ Health & Wellness Outlets Free Road Side Assistance(RSA) worth Rs. 1,399 1% Fuel surcharge waiver at any fuel stations in India up to Rs. 200 every month 10X Rewards on all spends done on your Birthday | Welcome Benefits include getting vouchers worth Rs. 500 on spending Rs. 15,000 within 90 days 5% cashback on making the first EMI transaction made within 90 days of card set-up Avail 10X Reward Points on all transactions above Rs. 20,000 Avail 6X Reward Points on Online Spends and 3X Reward Points on all Offline Spends 4 Complimentary Domestic and International Airport lounge and spa visits every calendar quarter 4 complimentary Railway Lounge visits every calendar quarter Low foreign exchange mark-up fee of 1.5% 20% discount on 1500+ Restaurants 15% discount on 3000+ Health & Wellness Outlets Free Road Side Assistance(RSA) worth Rs. 1,399 |
| Editor’s Review | Pros Lifetime free credit card Complimentary Railway lounge access NIL Overlimit fees, NIL Addon charges Cons No milestone benefits Welcome gift voucher is only provided on spending Rs.15,000 within 90 days of card set-up No Airport Lounge Access | Pros Lifetime free credit card Complimentary Airport and Railway lounge access Multi-faceted discounts are offered on movie tickets, travel, spas, wellness centers, etc. Cons No milestone benefits Welcome gift voucher is only provided on spending Rs.15,000 within 90 days of card set-up Interest-free cash withdrawal available for 48 days only |
IDFC First Bank Credit Card PIN Generation:
IDFC First Bank offers a wide range of financial products to its customers that includes a variety of credit cards. When your credit card application is approved by the bank, IDFC First Bank sends the credit card to your registered address.
A PIN is also sent by the bank to your registered mailing address or through SMS as an OTP (One-Time Password) as the card is sent to you in a deactivated state. It is a must to generate your PIN in order to carry out online transactions via your credit card. Here are some of the ways that can help you generate your PIN.
How to Activate IDFC First Bank Credit Card PIN:
Your IDFC First Bank credit card is activated only when you generate the PIN. This PIN can be generated offline at an ATM or via phone banking, or online as well via the IDFC First Bank mobile application. Apart from this, you can also generate the PIN by calling the customer care of the bank.
Methods to Generate IDFC First Bank Credit Card PIN:
- Use it at IDFC First Bank ATM
- IDFC First Bank PhoneBanking
- IDFC First Bank Mobile Application
Generating PIN at an ATM:
To generate your credit card PIN via an ATM, you can visit your nearest IDFC First Bank ATM once you have received an OTP. The bank sends you an OTP-based PIN to generate your credit card PIN when the credit card is issued.
To generate the IDFC First Bank Credit Card PIN at an ATM, here’s what you can do:
- Insert the IDFC First Bank credit card in the machine.
- Choose the preference of language.
- Click on ‘Forgot/Generate new ATM PIN’
- Select the ‘using OTP’ option.
- Add your mobile number when prompted.
- Enter the OTP that is sent.
- Add a 4-digit PIN of your choice.
- Once done, to confirm, re-enter the PIN and then click ‘Submit’.
Phone Banking:
Apart from visiting an ATM or making a transaction, you can also generate your IDFC First Bank PIN by contacting the customer care of the bank. You can call the IDFC First Bank credit card customer care at 1860 500 111 and request to change your credit card PIN.
Here’s what you can do on contacting the customer care of the bank:
- Press 3 to enable your credit card for international transactions and contactless transactions.
- Press 1 to generate the credit card PIN for POS and online transactions.
IDFC First Bank Mobile Application:
You can also generate your PIN from the IDFC First Bank mobile application by following these steps:
- Step 1: Log in to the mobile application.
- Step 2: Swipe to go to the list of credit cards.
- Step 3: Click on ‘Manage Card’ and then select ‘Set Preferences’.
- Step 4: To change or set your PIN, click ‘Set PIN’.
- Step 5: Once done, click on ‘Save Changes’.
Conclusion
The IDFC FIRST Millennia credit card has become one of among the most popular reward cards available, in addition to being a very reasonable card. It has a special loyalty programme with carryover rewards points that don’t expire. In addition to this, it provides a wide range of advantages, such as travel, lifestyle, insurance coverage, exemptions of fuel surcharge charges, etc. The greatest candidates for this card are those looking for an unlimited complimentary credit card with no initiation charge and reward points on all in-person and online purchases. You won’t regret purchasing this shrewd and cost-effective credit card.
FAQs
Will reward points earned on this card expire?
No, the reward points that you earn on this credit card will not expire.
Do I need to enter my credit card PIN at all POS terminals?
In India, you have to enter a PIN to complete the transaction. If you are abroad, you have to enter the PIN only if the POS terminal is enabled for PIN authentication.
Does IDFC FIRST Bank charge any fee for reward redemption?
No, the bank does not charge any amount for reward redemption.
How can I contact IDFC FIRST Bank Credit Card Customer Care?
Call on the 24X7 helpline number @ 18605001111 or email at- creditcard@idfcfirstbank.com
Where can I view and redeem my accrued Reward Points?
You can view and redeem your accrued Reward Points from IDFC First App / Net banking by clicking on HAVE tab -> Then select CARDS tab. Here you can view your accrued Reward points and redeem them by clicking on REDEEM NOW button.
Can I use my Reward Points whenever I want?
Yes. With IDFC First Millennia credit card, you can use your Reward Points whenever you want as they won’t get expired and would be accumulated for future use if you don’t use them.
What are the uses of IDFC Credit Card?
IDFC First Bank offers different types of credit cards that cater to various lifestyles. The IDFC FIRST credit card features includes 3x to 6x rewards on select transactions, air accident coverage, discounts across restaurants, wellness centre, fuel surcharge waivers, movie ticket discounts and much more. You can also use the IDFC Bank credit card benefits to convert transactions above ₹3,000 into easy EMIs.
Which IDFC credit card has maximum features?
The different types of credit cards offered by the IDFC FIRST Bank come with their own unique features and benefits. To extract maximum benefit from your IDFC FIRST Credit card, you first need to choose the type of credit card that best suits your lifestyle. Depending on your lifestyle needs, you can choose the right IDFC FIRST credit card. In case you have an extravagant lifestyle, you can opt for IDFC FIRST Wealth credit card or the IDFC FIRST Select credit card. IDFC FIRST Classic credit card and IDFC FIRST Millennia credit cards are also popular options among credit card applicants.
Is an IDFC credit card good?
The IDFC FIRST credit cards are a good option as they offer a number of privileges to the cardholders. You can enjoy exclusive IDFC credit card benefits such as upto 6x reward points, complimentary lounge access, golf privileges, and discounts on movie tickers. The card also offers the option to convert spends above ₹3,000 into EMIs. Besides the amazing rewards and discounts, the card also offers lost card liability cover and personal accident cover.
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