IDFC FIRST Millennia Credit Card - Best Credit Card of 2025?
06 Jan 2025 5 mins Credit Cards
Are you looking for a credit card that perfectly complements your lifestyle? The IDFC FIRST Millennia Credit Card, offered by IDFC FIRST Bank, is packed with features that cater to millennials and beyond. From IDFC FIRST Millennia Credit Card airport lounge access to an unmatched reward program, this card is designed to enhance convenience while offering exceptional value. Let’s dive into the details to see why this card could be your ideal financial partner.
Key Benefits of the IDFC FIRST Millennia Credit Card
The FIRST Millennia Credit Card benefits package is designed to add value to your everyday spending:
Unlimited Reward Points:
Earn 10X reward points on spends above ₹20,000 and purchases on your birthday.
Get 3X reward points on all purchases up to ₹20,000 per month.
Welcome Bonuses:
Receive a ₹500 voucher for spending ₹5,000 within 30 days.
Enjoy 5% cashback on your first EMI transaction (up to ₹1,000).
Airport Lounge Access:
Experience luxury with IDFC FIRST Millennia Credit Card airport lounge access, including four complimentary visits to railway lounges per quarter.
Exclusive Lifestyle Privileges:
Save 25% on movie tickets (up to ₹100 per month) via Paytm.
Avail of roadside assistance worth ₹1,399.
Everyday Savings:
1% fuel surcharge waiver for transactions between ₹200 and ₹5,000 (up to ₹200 per month).
Eligibility Criteria for the IDFC FIRST Millennia Credit Card
To apply for the IDFC FIRST Millennia Credit Card, you must meet the following requirements:
Minimum Income: ₹3 Lakhs annually.
Bank Evaluation: Approval is subject to IDFC FIRST Bank’s internal assessment.
Reward Points: How to Earn and Redeem
The FIRST Millennia Credit Card benefit program is straightforward yet rewarding:
Earn points on every rupee spent—be it online shopping or paying utility bills.
Points can be redeemed instantly for online and in-store purchases.
The best part? Reward points never expire!
First Millennia Credit Card Charges
Fee/Charge | Details |
Annual Fee | None. This card is lifetime free! |
Interest Rates | Competitive APR starting at 9% per annum (0.75% per month). |
Cash Advance Fee | ₹199 + GST per transaction for cash withdrawals. |
Late Payment Fee | 15% of the total amount due, with a minimum charge of ₹100 and a maximum of ₹1,300 |
Forex Markup Fee | 3.5% on international transactions. |
Redemption Fee | ₹99 + GST per reward redemption transaction. |
Surcharges | 1% surcharge on utility bill payments above ₹20,000. |
The FIRST Millennia Credit Card charges are designed to be transparent and pocket-friendly:
Annual Fee:
None. This card is lifetime free!
Interest Rates:
Competitive APR starting at 9% per annum (0.75% per month).
Cash Advance Fee:
₹199 + GST per transaction for cash withdrawals.
Late Payment Fee:
15% of the total amount due, with a minimum charge of ₹100 and a maximum of ₹1,300.
Forex Markup Fee:
3.5% on international transactions.
Redemption Fee:
₹99 + GST per reward redemption transaction.
Surcharges:
Utility bill payments above ₹20,000 attract a 1% surcharge.
Travel Perks: IDFC FIRST Millennia Credit Card Airport Lounge Access
Frequent travelers will appreciate the FIRST Millennia Credit Card
Maximize your savings with exclusive offers:
Dining Discounts: Up to 20% off at over 1,500 restaurants.
Health and Wellness Offers: Save up to 15% at 3,000+ outlets across India.
These perks make the FIRST Millennia Credit Card benefit package highly appealing for millennials who prioritize value and convenience.
Insurance Coverage
The card comes with built-in insurance benefits:
Personal Accident Cover: ₹2,00,000 for unforeseen events.
Lost Card Liability: Coverage up to ₹25,000 in case of theft or loss.
These benefits ensure peace of mind, making the FIRST Millennia Credit Card more than just a financial tool.
Comparison with Other Credit Cards
What sets the IDFC FIRST Millennia Credit Card apart?
Lifetime Free Membership: Unlike most credit cards, there’s no annual fee.
Airport Lounge Access: Complimentary visits add luxury to your travel experiences.
Low Charges: The FIRST Millennia Credit Card charges are minimal compared to other cards in the market.
Pros and Cons
Pros:
Lifetime free card with no hidden fees.
Unlimited reward points that never expire.
Premium features like airport lounge access and roadside assistance.
Cons:
Forex markup of 3.5% could be more competitive.
Surcharges on utility payments over ₹20,000 might add to costs.
Conclusion
The FIRST Millennia Credit Card is a must-have for millennials seeking value, style, and convenience. From its generous reward program to exclusive perks like IDFC FIRST Millennia Credit Card airport lounge access, this card is designed to meet the modern-day financial needs of its users. With its low fees and high rewards, it stands out as one of the most user-friendly credit cards on the market.
FAQs
1. What is the annual fee for the FIRST Millennia Credit Card?
The card is lifetime free with no annual charges.
2. How do I access airport lounges with the IDFC FIRST Millennia Credit Card?
The card provides complimentary railway lounge access, while airport lounge access is part of its global usability perks.
3. What are the FIRST Millennia Credit Card charges for late payments?
The late payment fee is 15% of the total amount due, with a minimum charge of ₹100 and a maximum of ₹1,300.
4. Are reward points on this card transferable to cash?
Reward points can be redeemed instantly for purchases but cannot be converted to cash.
5. What are the eligibility requirements for this card?
You need an annual income of ₹3 Lakhs or more and must pass the bank’s internal evaluation process.
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Author - Abhishek Sonawane
Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.