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IDFC FIRST Bank Millennia Credit Card
★★★★☆(4.5)The IDFC Bank in India offers the First Millennia Credit Card, which is designed to give its customers special travel and shopping benefits with the privileges to access train lounges. It includes a number of additional perks that are common among credit cards in the mid-level category. Moreover, users can earn reward points and cashback on transactions across various categories to fully utilise the benefits of this card.
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Features and Benefits
Aspects that make spending using this card lit as the sun!
Fee and Charges
Think of these as small investments to keep your credit card running smoothly.
Charges
Joining Fee
FreeAnnual Fee
FreeAnnual Percentage Rate
42%Add-on Card Fee
FreeMinimum Repayment Amount
5%Cash Withdrawal Fee
₹199Cash Advance Limit
NACard Replacement Fee
₹100Foreign Transaction Fee
3.50%Over Limit Penalty
2.50%Fuel Transaction Surcharge
1%Reward Point Value
₹0.25Late Payment Charges
15% of Total Amount Due subject to a minimum of ₹ 100 and a maximum of ₹ 1250.Pros
Aspects that make this credit card amazing.
- ⮚The card offers various Insurance covers.
- ⮚The card gives a 1% Fuel Surcharge Waiver on all petrol pumps.
- ⮚It gives free access to railway lounges.
- ⮚It offers reward points on various purchases.
- ⮚The card is a Lifetime Free Card.
Cons
Aspects this credit card lacks.
- ⮚The zero-card liability does not cover any loss due to data breaching or server hacking.
- ⮚No access to airport lounges.
- ⮚The card doesn’t provide concierge services.
- ⮚A convenience fee of ₹ 99 is levied on the redemption of Reward Points.
- ⮚Reward points cannot be earned on fuel , EMI and insurance transactions.
IDFC FIRST Bank Millennia Credit Card Review
This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.
The IDFC First Millennia Credit Card offers some really useful benefits for its users. This includes discounts and cashback on shopping, movies and health & wellness centres. Ease of EMI Conversions and fuel surcharge waiver along with the opportunity of earning reward points are also some of the benefits that this card covers. The card does not charge any joining or annual fee for all these benefits. That is why users might have to compromise on some aspects like, there is no access to airport lounges, reward points can not be earned on fuel and other such transactions. Moreover, to redeem the reward points, users might have to pay a fee of ₹99 in the form of a convenience fee.
Overview
| Best for | Shopping & Travel |
|---|---|
| Joining Fee | Free |
| Annual Fee | Free |
| Welcome Bonus | Voucher worth ₹500 & cashback up to ₹1,000 |
| Card Network | Visa |
IDFC FIRST Bank Millennia Credit Card Maximum Cashback
| Categories | Reward Points (per ₹100 spent) |
|---|---|
| Spends above ₹20,000 | 10X pts. |
| Online Spends | 6X pts. |
| Offline Spend | 3X pts. |
| Spends on Birthday | 10X pts. |
Who should get an IDFC FIRST Bank Millennia Credit Card?
The IDFC FIRST Bank Millennia Credit Card is an ideal choice for users who frequently spend significantly on shopping and travel and are looking forward to earning rewards and cashback on these categories. And as this card doesn’t charge any joining or annual fee, users may find the IDFC First Bank Millennia Credit Card to be beneficial.
How to Apply for an IDFC FIRST Bank Millennia Credit Card?
1. Apply for an IDFC FIRST Bank Millennia Credit Card Online
- IDFC First Millennia Credit Card can be applied for online and offline as well. To apply offline, simply visit the nearest branch with all the required documents and fill in the physical application form. However, if the online method is preferred, then follow the below-mentioned steps:
- Step 1: Visit the IDFC FIRST Bank Website.
- Step 2: IDFC FIRST Bank Millennia Credit Card will be listed under the Cards section.
- Step 3: Click on “Apply Now” and start the application process.
- Step 4: Fill in all the required details and upload all the necessary documents to complete the process.
IDFC FIRST Bank Millennia Credit Card Eligibility
To be eligible for an IDFC FIRST Bank Credit Card, you must meet the following criteria:
- Age: You should be at least 21 years old and not more than 65 years old.
- Credit Score: You should have a good credit score. Most banks require a credit score of 750 or above to qualify for a credit card.
- Income: While there is no specified minimum salary requirement for IDFC FIRST Bank Credit Card, you will need to have a stable source of income to be eligible. This could be in the form of salary, self-employment income, or any other regular source of income. The bank will assess your income and expenses to determine your creditworthiness and ability to make timely payments on the card.
- Citizenship: You should be a citizen of India.
Documents Required
- Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.