IDFC First Millennia Credit Card Review

IDFC First Millennia Credit Card Review

IDFC First Millennia credit card is one of the most exciting entry-level credit cards from the private bank that offers generous rewards on various spend categories. It has some unique features that include interest-free cash withdrawal from ATMs in India and upto 10X accelerated rewards on all birthday spends.

The card also comes with a lifetime free guarantee that makes it a reliable option for entry-level customers while retaining an overall high reward rate. Here is our review of the IDFC First Millennia credit card where we deep dive into the pros, cons, rewards, cashback, and more. We attempt to answer whether this is the card for you or not.

Fees and Charges

Joining FeesZero 
Annual FeesNIL (Lifetime Free credit card)
Interest RateVaries from 0.75% to 3.0% per month based on customers (9% to 36% per annum)

Pros and Cons

IDFC First Millennia is dedicated to all the requirements of the next-gen millennials. It offers numerous rewards and privileges in various categories like an instant discount on 50+ utility apps and over 1,500 restaurants on fine dining. 

  • Welcome vouchers worth ₹500 on spends of ₹15000 in the first 90 days.
  • Earned rewards points do not expire, ever.
  • Interest-free cash withdrawal upto 48 days.
  • Lost card liability of upto ₹25000 and complimentary personal insurance cover.
  • Fuel surcharge waiver capped at ₹300 per month.
  • No fees on redeeming reward points for select merchandise and coupons.
  • International and Domestic Airport lounge access unavailable.
  • Reward rate is lower than other dedicated credit cards.

Rewards and Cashbacks

  • 25% discount on movie tickets up to ₹100.
  • 10X reward points on spending over ₹20000 per month, and birthday purchases.
  • 6X reward points on online spending and 3X points on all other spendings above ₹20000.
  • 4 complimentary Railway lounge visits per quarter
  • 5% cashback on the first EMI transaction within 90 days. 
  • 15% instant discount on over 3,000 health and wellness outlets.
  • 20% discount on fine dining at over 1500 restaurants across the nation.

Who Should Get an IDFC First Millennia Credit Card?

An entry-level credit card by IDFC First bank with an interest rate of 2% per month; the IDFC First Millennia is designed for the Indian youth, and it offers discounts on various categories like travel, shopping, dining, and fuel. 

It provides complimentary roadside assistance in times of emergency. Customers spending on categories like fine dining, wellness, and online shopping should look to get this card as it offers instant discounts and accelerated rewards in this category. However, this is more a lifestyle and less a cashback-focused card. In case you are looking for high flat cashback, the Amazon Pay ICICI and the Flipkart Axis are better bets.

Eligibility Criteria for IDFC First Millennia

A. Age

21 years to 60 years

B. Occupation

  1. Self-employed Individuals
  2. Salaried individuals

C. Income

More than ₹25,000 per month

D. ID Proof (any one of the following)

  1. PAN Card
  2. Aadhaar card
  3. Driver’s License
  4. Passport
  5. Voter’s ID
  6. Overseas Citizen of India Card
  7. Person of Indian Origin Card
  8. Job card issued by NREGA
  9. Letters issued by the UIDAI or any other government-approved photo ID proof

E. Address Proof (any one of the following)

  1. Aadhaar card
  2. Driver’s License
  3. Passport
  4. Utility Bill not more than three months old
  5. Ration Card
  6. Property Registration Document
  7. Person of Indian Origin Card
  8. Job card issued by NREGA
  9. Bank Account Statement or any other government-approved address proof

F. Income Proof (any one of the following)

  1. Latest one or two salary slips (not more than three months old)
  2. Latest Form 16
  3. Last three months’ bank statement

G. Income Proof: Internal Policy criteria are based on bureau history, any existing Bank relationship, customer demographics, and credit exposure.


IDFC First Millennia credit card has some exciting features and rewards compared to its peers in the entry-level category. It offers a high reward rate on both online and offline spends. This card may disappoint you if you are a frequent traveler as it does not provide complimentary airport lounge access. It will also not give you high cashback on online spends, instead act as an overall rewarding card.

This card also offers discounts on various categories like food, entertainment, and fuel. For an entry-level customer, this card may be useful in saving a considerable amount and earning some extra rewards and cashback. Convincing enough? Let us know if you will be applying for the IDFC First Millennia, in the comment section.

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