IDFC FIRST Bank Millennia Credit Card: Features, Benefits, Fees

IDFC First Millennia Credit Card is a good-looking, entry-level credit card that offers substantial rewards on a variety of expenditure categories. It comes with some of the most exciting benefits, features, and rewards that will help you earn on all expenses. Compared to its peers in the entry-level category, it is a reliable option if you want to earn rewards on every transaction without paying an annual fee and a high-interest rate.

Features and Benefits of IDFC First Millennia Credit Card

IDFC First Millennia Credit Card is the best of everything. It is designed for the millennial lifestyle and offers exclusive benefits across different categories. Some of the IDFC First Millennia Credit Card features and benefits are:

Welcome benefits

On starting your journey at IDFC with First Millennia Credit Card; you will get a few benefits as a welcome gift. You can avail of these offers within 90 days of card generation.

• Gift voucher worth Rs 500 on spending Rs 15,000 or more
• 5% cashback, up to Rs 1,000, on your first EMI transaction

Reward Points

Being an IDFC First Millennia Credit Card holder, you will get a privilege to earn unlimited reward points on every transaction you make with the card. You can earn:

• 10x rewards on more than Rs 20,000 incremental spending
• 10x reward points on all spending on your birthday
• 6x rewards on online purchases of up to Rs 20,000
• 3x rewards on offline transactions and rental spends, up to Rs 20,000

Note: These are never expiring reward points that can be easily used for making payments. Also, 1 reward point is equal to Rs 0.25.

Dining benefits

Get an exclusive discount of up to 20% on dining across more than 1,500 partnered restaurants across the country.

Travel benefits

On train bookings, you will get complimentary access to the railway lounge. You can visit 4 times in a quarter free of cost.

Fuel benefits

Enjoy a 1% fuel surcharge waiver up to Rs 200 every month. You can use this offer on all fuel stations in the country.

Insurance Benefits

Complimentary insurance covers are available for IDFC First Millennia Credit Cardholders. These insurance covers are in partnership with United India Insurance Company Limited.

• Rs 25,000 cover for lost card liability. It will also include protection against phishing, skimming, online fraud, etc.
• Rs 2,00,000 personal accident cover for protecting you against sudden death due to external, visible, and violent events

Note: You can avail of this insurance benefit only if you are an active credit card user, i.e. you have done at least one transaction in the last 30 days.

Other exclusive benefits

Some more benefits that you will get using your IDFC First Millennia Credit Card are:

• In-app online discounts and offers on 300+ merchants
• Up to 15% off on using your card at 3,000+ Health and Wellness outlets
• 25% discount, up to Rs 100, on movie tickets on Paytm mobile app every month
• Complimentary roadside assistance in times of emergency

Fees, and Charges of IDFC First Millennia Credit Card

Description	Charges
Joining fees	2% of the approved loan amount
Annual/ Renewal fees	2% of the approved loan amount
Cash withdrawal fees	2% of the approved loan amount
Card replacement fees	2% of the approved loan amount
Late payment fees	2% of the approved loan amount
Fuel surcharge	1%
Forex markup fees	3.5%
Interest Rate (APR)	0.75% to 3.5% per month

Eligibility Criteria for IDFC First Millennia Credit Card

Here are IDFC First Millennia Credit Card eligibility criteria that you need to fulfil to get your application approved. 

• Age:Applicant must be of 21 years or more
• Nationality: Applicant must be an Indian resident and should have a current and permanent residential address in India
• Occupation: Both salaried and self-employed individuals can apply
• Income: Minimum net monthly income of the candidate must be at least Rs 25,000 per month
• Credit Bureau History: Good credit history and CIBIL score is important. Also, there should not be any evidence or history of loan repayment default

Documents required for IDFC First Millennia Credit Card

To begin your journey as an IDFC First Bank Millennia Credit Cardholder; you need to apply for the card and provide a few documents. The documents that the bank needs you to submit are:

• Identity Proof (any of the following):
  • PAN Card
  • Aadhaar card
  • Driver’s Licence
  • 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
• Address Proof (any one of the following):
  • Aadhaar card
  • Driver’s Licence
  • Passport
  • Utility Bill not more than three 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
• Income Proof (any one of the following):
  • Latest one or two salary slips (not more than three months old)
  • Latest Form 16
  • Last three months’ bank statement

IDFC First Millennia Credit Card Limit

IDFC First Millennia Credit Card limit is not predefined. It entirely depends on your income and CIBIL score, along with the last repayment history of your debts. By looking at your documents, baking authorities decide the limit. Hence, it varies with applicants.

However, you can get a higher credit limit by maintaining a good CIBIL score, having a stable and high income, improving repayment habits, and reducing your existing debt.