{"id":3034,"date":"2022-01-18T09:44:22","date_gmt":"2022-01-18T09:44:22","guid":{"rendered":"https:\/\/bankkaro.com\/blog\/?p=3034"},"modified":"2022-10-03T06:55:03","modified_gmt":"2022-10-03T06:55:03","slug":"idfc-first-millennia-credit-card-review","status":"publish","type":"post","link":"https:\/\/bankkaro.com\/blog\/idfc-first-millennia-credit-card-review\/3034\/","title":{"rendered":"IDFC First Millennia Credit Card Review"},"content":{"rendered":"\n<p>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 spending 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 id=\"fees-and-charges\" class=\"wp-block-heading\"><strong>Fees and Charges<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-gray-200-background-color has-background has-fixed-layout\"><thead><tr><th>Lable<\/th><th>Charges<\/th><\/tr><\/thead><tbody><tr><td>Joining Fees<\/td><td>Zero&nbsp; <\/td><\/tr><tr><td>Annual Fees<\/td><td>NIL (Lifetime Free credit card) <\/td><\/tr><tr><td>Interest Rate<\/td><td>Varies from 0.75% to 3.0% per month based on customers (9% to 36% per annum) <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"pros-and-cons\" class=\"wp-block-heading\"><strong>Pros and Cons<\/strong><\/h2>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n<div class=\"i2-pros-cons-icons i2-pros-cons-main-wrapper theme-i2pc-theme-03 no-title no-button has-space-between-column no-outer-border has-round-corner no-heading-icon\"><div class=\"i2-pros-cons-wrapper\"><div class=\"i2-pros\"><strong class=\"i2-pros-title\">Pros<\/strong><div class=\"section\"><ul class='has-icon'><li><i class='icon icon-thumbs-o-up'><\/i>Welcome vouchers worth \u20b9500 on spends of \u20b915000 in the first 90 days.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Earned rewards points do not expire, ever.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Interest-free cash withdrawal upto 48 days.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Lost card liability of upto \u20b925000 and complimentary personal insurance cover.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>Fuel surcharge waiver capped at \u20b9300 per month.<\/li><li><i class='icon icon-thumbs-o-up'><\/i>No fees on redeeming reward points for select merchandise and coupons.<\/li><\/ul><\/div><\/div><div class=\"i2-spacer\"><\/div><div class=\"i2-cons\"><strong class=\"i2-cons-title\">Cons<\/strong><div class=\"section\"><ul class='has-icon'><li><i class='icon icon-thumbs-o-down'><\/i>International and Domestic Airport lounge access unavailable.<\/li><li><i class='icon icon-thumbs-o-down'><\/i>Reward rate is lower than other dedicated credit cards.<\/li><\/ul><\/div><\/div><\/div><\/div>\n\n\n<h2 id=\"rewards-and-cashbacks\" class=\"wp-block-heading\"><strong>Rewards and Cashbacks<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>25% discount on movie tickets up to \u20b9100.<\/li><li>10X reward points on spending over \u20b920000 per month, and birthday purchases.<\/li><li>6X reward points on online spending and 3X points on all other spending above \u20b920000.<\/li><li>4 complimentary Railway lounge visits per quarter<\/li><li>5% cash back on the first EMI transaction within 90 days.\u00a0<\/li><li>15% instant discount on over 3,000 health and wellness outlets.<\/li><li>20% discount on fine dining at over 1500 restaurants across the nation.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-499968f5 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50\"><a class=\"wp-block-button__link has-red-background-color has-background\" href=\"https:\/\/ckaro.in\/NTQwMDM=\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Apply for IDFC Millennia Credit Card  <\/a><\/div>\n<\/div>\n\n\n\n<h2 id=\"who-should-get-an-idfc-first-millennia-credit-card\" class=\"wp-block-heading\"><strong>Who Should Get an IDFC First Millennia Credit Card?<\/strong><\/h2>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 id=\"eligibility-criteria-for-idfc-first-millennia\" class=\"wp-block-heading\"><strong>Eligibility Criteria<\/strong> for IDFC First Millennia<\/h2>\n\n\n\n<p><strong>A.<\/strong> <strong>Age<\/strong><\/p>\n\n\n\n<p>21 years to 60 years<\/p>\n\n\n\n<p><strong>B. Occupation<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Self-employed Individuals<\/li><li>Salaried individuals<\/li><\/ol>\n\n\n\n<p><strong>C. Income<\/strong><\/p>\n\n\n\n<p>More than \u20b925,000 per month<\/p>\n\n\n\n<p><strong>D. ID Proof (any one of the following)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>PAN Card<\/li><li>Aadhaar card<\/li><li>Driver\u2019s License<\/li><li>Passport<\/li><li>Voter\u2019s ID<\/li><li>Overseas Citizen of India Card<\/li><li>Person of Indian Origin Card<\/li><li>Job card issued by NREGA<\/li><li>Letters issued by the UIDAI or any other government-approved photo ID proof<\/li><\/ol>\n\n\n\n<p><strong>E. Address Proof (any one of the following)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Aadhaar card<\/li><li>Driver\u2019s License<\/li><li>Passport<\/li><li>Utility Bill not more than three months old<\/li><li>Ration Card<\/li><li>Property Registration Document<\/li><li>Person of Indian Origin Card<\/li><li>Job card issued by NREGA<\/li><li>Bank Account Statement or any other government-approved address proof<\/li><\/ol>\n\n\n\n<p><strong>F. Income Proof (any one of the following)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Latest one or two salary slips (not more than three months old)<\/li><li>Latest Form 16<\/li><li>Last three months\u2019 bank statement<\/li><\/ol>\n\n\n\n<p><strong>G. Income Proof:<\/strong> Internal Policy criteria are based on bureau history, any existing Bank relationship, customer demographics, and credit exposure.<\/p>\n\n\n\n<p><strong>Similar Blogs<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/bankkaro.com\/blog\/idfc-first-select-credit-card-review\/3080\/\" data-type=\"URL\" data-id=\"https:\/\/bankkaro.com\/blog\/idfc-first-select-credit-card-review\/3080\/\">IDFC first selects credit card review<\/a><\/li><li><a href=\"https:\/\/bankkaro.com\/blog\/idfc-first-classic-credit-card-review\/3087\/\" data-type=\"URL\" data-id=\"https:\/\/bankkaro.com\/blog\/idfc-first-classic-credit-card-review\/3087\/\">IDFC first classic credit card<\/a><\/li><li><a href=\"https:\/\/bankkaro.com\/blog\/idfc-first-wealth-credit-card-review\/3123\/\" data-type=\"URL\" data-id=\"https:\/\/bankkaro.com\/blog\/idfc-first-wealth-credit-card-review\/3123\/\">IDFC first wealth credit card benefits<\/a><\/li><\/ul>\n\n\n\n<h2 id=\"conclusion\" class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>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 spending. 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 spending, instead act as an overall rewarding card.<\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"IDFC First Millennia credit card is one of the most exciting entry-level credit cards from the private bank&hellip;\n","protected":false},"author":5,"featured_media":3040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[11],"tags":[24,30],"class_list":{"0":"post-3034","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-reviews","8":"tag-credit-cards","9":"tag-idfc-first-bank","10":"cs-entry","11":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/comments?post=3034"}],"version-history":[{"count":6,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3034\/revisions"}],"predecessor-version":[{"id":5957,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/posts\/3034\/revisions\/5957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/media\/3040"}],"wp:attachment":[{"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/media?parent=3034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/categories?post=3034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bankkaro.com\/blog\/wp-json\/wp\/v2\/tags?post=3034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}