Unlock Exciting Benefits with IDFC FIRST Bank Millennia Credit Card

Overview of the IDFC FIRST Bank Millennia Credit Card

The IDFC FIRST Bank Millennia Credit Card is a lifetime-free credit card tailored to meet the lifestyle and financial needs of young professionals and individuals. With no annual or renewal fees, this card is an ideal choice for those with significant monthly expenses, offering a robust rewards programme and various convenience features.

The IDFC FIRST Millennia Credit Card is designed to help manage finances efficiently, providing low finance charges and flexible repayment options. Let's explore the benefits and features of this card in more detail.

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Purchase Amount ₹10,000

₹1K₹2L

Interest Rate 13%

5%36%

Tenure 12 Months

3M36M

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Benefits & Features of the IDFC FIRST Bank Millennia Credit Card

Welcome Benefits

New cardholders of the IDFC FIRST Millennia Credit Card can enjoy several welcome benefits:

Spend Rs. 5,000 within the first 30 days of card issuance and receive an e-gift voucher worth Rs. 500.
Make your first EMI transaction within the first month and enjoy a cashback of 5% (up to a maximum of Rs. 1,000).

Other Benefits

The IDFC FIRST Bank Millennia Credit Card offers a range of other benefits to its users:

Reward Points Program:
- Earn 3X reward points on online and offline purchases up to Rs. 20,000 per month.
- Earn 10X reward points on incremental spends above Rs. 20,000 per month and on every purchase made on your birthday.
- Education, wallet load, and government service transactions earn up to 3X reward points but are not part of the 10X threshold calculation.
Travel Benefits:
- Enjoy 4 complimentary railway lounge accesses every quarter.
- Receive complimentary roadside assistance worth Rs. 1,399.
- Benefit from a 1% fuel surcharge waiver at all fuel stations across India, up to Rs. 200 per month.
Dining and Movie Offers:
- Get up to a 20% discount at over 1,500 restaurants across the country.
- Avail a 25% discount on movie tickets once a month on the Paytm app (up to Rs. 100).
EMI and Repayment Options:
- Convert purchases over Rs. 2,500 into easy monthly instalments (EMIs) through the IDFC FIRST Bank mobile banking app.
- Enjoy low finance charges starting from 0.75% per month and zero interest charges on local and international cash withdrawals for up to 48 days.
Insurance Benefits:
- Personal Accidental Cover worth Rs. 2 lakhs on all active cards.
- Lost Card Liability Cover of Rs. 25,000.
General Benefits:
- Zero annual and renewal fees.
- Low interest rates start at 0.75% per month.
- Foreign currency markup of 3.5% on the total transaction value.
- Reward points are redeemable at any point in time and do not expire.

Key Highlights of the IDFC FIRST Bank Millennia Credit Card

The IDFC FIRST Bank Millennia Credit Card offers an array of benefits designed to complement their lifestyle and financial goals.

Some of the key highlights of the IDFC FIRST Bank Millennia Credit Card include:

No annual or renewal fees, making it a cost-effective option for long-term use
Earn 3X reward points on online and offline purchases up to Rs. 20,000 per month and 10X reward points on incremental spends above Rs. 20,000
Enjoy 10X reward points on purchases made on your birthday
4 complimentary railway lounge accesses per quarter and roadside assistance worth Rs. 1,399
1% fuel surcharge waiver at all fuel stations across India (up to Rs. 200 per month)
Up to 20% discounts at over 1,500 restaurants across India and a 25% discount on movie tickets once a month on the Paytm app (up to Rs. 100)
EMI conversion for purchases over Rs. 2,500 through the IDFC FIRST Bank mobile banking app
Interest-free cash withdrawals for up to 48 days on both local and international transactions

Fees and Charges of the IDFC FIRST Bank Millennia Credit Card

One of the most appealing aspects of the IDFC FIRST Bank Millennia Credit Card is its minimal fee structure. The card has no annual or renewal fees, ensuring that it remains an affordable option for users in the long run.

Here's a breakdown of the fees and charges associated with the IDFC FIRST Bank Millennia Credit Card:

Fee Type	Amount
Annual Fee	Rs. 0
Renewal Fee	Rs. 0
Late Payment Charges	15% of the total outstanding due
Foreign Currency Markup	3.5% of the transaction value
Utility Fee	1% of transaction value (for spends > Rs. 20,000/month)
Reward Redemption Fee	Rs. 99 plus taxes
Interest Rates	Starting from 0.75% per month

Eligibility of the IDFC FIRST Bank Millennia Credit Card

To apply for the IDFC FIRST Bank Millennia Credit Card, individuals must meet the following eligibility criteria:

Criteria	Requirement
Age	21 to 65 years
Income	Salaried: Rs. 3 lakhs per annum Self-employed: Rs. 4 lakhs per annum
Credit Score	750 or above (preferred)
Citizenship	Indian citizen or Non-Resident Indian (NRI)

Meeting these eligibility criteria does not guarantee approval, as the final decision is at the discretion of IDFC FIRST Bank based on their internal assessment of the applicant's credit profile and other factors.

IDFC FIRST Bank Millennia Credit Card Activation Process

Activating your IDFC FIRST Bank Millennia Credit Card is a simple and convenient process that can be completed through various methods.

Here are the different ways to activate your IDFC FIRST Bank Millennia Credit Card:

IDFC FIRST Bank App:
- Download and log in to the IDFC FIRST Bank App using your customer ID.
- Go to the 'Manage Card' section and enable your card for various transactions.
- Generate a 4-digit PIN for offline transactions at POS machines and ATMs.
Contact Customer Care:
- Call the 24-hour helpline number 1860 500 1111 to generate a PIN and activate your card.

How to Redeem the Points

The IDFC FIRST Bank Millennia Credit Card offers a rewarding points system that allows you to earn reward points on certain categories. Redeeming these points is a straightforward process that can be done through the IDFC FIRST Bank mobile app or website.

Here's how you can redeem your reward points:

Log in to the IDFC FIRST Bank mobile app or net banking portal.
Navigate to the reward points section under your credit card account.
Click on Redeem Points and choose a brand.
Click on Add to Cart.
Enter the value of the voucher and the number of vouchers you want to purchase.
Click on Proceed.
Finally, enter the delivery details of your voucher.

Note that a small convenience charge of ₹99 (+GST) per redemption may apply. It's important to keep in mind that reward points are not applicable on fuel transactions, EMI transactions, or cash withdrawals.

Additionally, while both the primary cardholder and add-on cardholders can earn and redeem reward points, the bill must be paid by the primary cardholder. You can use your reward points to instantly pay for online or in-store purchases through the IDFC FIRST Bank mobile app or website.