IDFC FIRST Millennia Credit Card review
IDFC FIRST Bank · Visa · points Official sources Checked 30 Oct 2026
At a glance
- Annual fee
- ₹0
- Joining fee
- ₹0
- Fee waiver
- Not needed (no annual fee)
- Base return
- 0.38% base
- Point value
- ₹0.25 per point
- Domestic lounge
- None found
- International lounge
- None found
Estimated net value a year
| Profile | Net | % of spend |
|---|---|---|
| First card, light spender ₹15k a month | ₹884 | 0.5% |
| Metro salaried ₹60k a month | ₹3,495 | 0.5% |
| Family household ₹80k a month | ₹3,825 | 0.4% |
| Frequent flyer ₹1.5L a month | ₹13,050 | 0.7% |
| Online shopper ₹50k a month | ₹2,580 | 0.4% |
| Rent-heavy ₹90k a month | −₹1,413 | -0.1% |
Fee maths: There is no annual fee to recover, so value depends only on how much of your spend lands in rewarded categories. On our 6 profiles it nets from −₹1,413 (rent-heavy) to ₹13,050 (frequent flyer), equal to −0.1% to 0.7% of spend across the profiles. On the rent-heavy profile it earns nothing or loses money, because that spend is excluded or carries a fee.
After fees and caps, best-case redemption. Use your own spend.
Our take: A lifetime-free card with an income requirement of ₹3 lakh a year. Dining, travel and international spends earn 5 points per ₹100, which at ₹0.25 a point is 1.25%; everything else earns 1.5 points per ₹100 (about 0.4%) and utilities 0.5. Fuel and rent earn nothing, and rent carries a 1% fee with a ₹249 minimum. There is no airport lounge, only four railway lounge visits a quarter if you spent ₹20,000 in the previous month.
From the card's terms: strengths
- No annual fee
From the card's terms: limits
- Base return is only about 0.38% on other spends
Reward rates and caps
| Spend category | Points per ₹100 | Value per ₹100 | Cap | Notes |
|---|---|---|---|---|
| International (foreign currency) | 5 | ₹1.25 | No cap found | 10X (5 points per ₹100) on international purchases per the issuer's page (re-read 30 Oct 2026: the page still lists it); one aggregator reported a cut from 26 Oct 2026, not seen on the official page. |
| Dining & food delivery, Flights & hotels | 5 | ₹1.25 | No cap found | 10X = 10 pts per ₹200 (5/₹100) on dining, travel (and international, not modelled). Official page states no minimum spend for Wealth; Millennia/Select pages list 10X with no threshold. In-app hotel +20% / flight +10% bonus. |
| Everything else, Other online shopping, Amazon, Flipkart, Groceries, Entertainment & OTT | 1.5 | ₹0.38 | No cap found | Base rate on all other eligible spends, online and offline |
| Bills & utilities | 0.5 | ₹0.13 | No cap found | Utilities, insurance, FASTag, railway at 1X; 1% fee on FASTag >₹10,000/cycle and railway >₹25,000/cycle; IDFC's MITC (a 2025 file, read 30 Oct 2026) also lists a 1% fair-usage fee on utility spends above ₹20,000 a statement cycle |
| Fuel | 0 | ₹0 | No cap found | No points; 1% fuel surcharge waiver on ₹200-5,000 txns (cap ₹300/cycle); 1% fee above ₹30,000 fuel/cycle |
| Rent | 0 | ₹0 | No cap found | Rent payments: 1% fee (min ₹249) since Jan 2026; EMI/cash advance also earn nothing |
Point value: 1 point = ₹0.25; ₹99+GST redemption fee; in-app hotel +20%, flight +10% bonus
Excluded or reduced
- fuel
- rent
- EMI conversions
- cash advances
- fees and charges
- government services
- education
- wallet load
Other benefits
- Welcome: About ₹500 (aggregator)
- Renewal: None
- Movies 25% off up to ₹100 once/month
- Roadside assistance, ₹2 lakh personal accident cover
- Zero forex markup (official)
- Welcome ₹500 voucher on ₹5,000 spend within 30 days (official)
- UPI activation: the issuer page shows 'Activate UPI on FIRST Millennia Credit Card at just ₹199' and 'Joining and Annual fee (2nd year onwards) of just ₹199 + GST' beside the UPI offer; the page also says 'Lifetime free'. We could not tell from the page which variant or option the ₹199 applies to, so check before applying (unverified).
Eligibility
Annual income ₹3 lakh or more (official)
Where it ranks
Compare
Related guides
- How to read a credit card MITC
- Paying rent with a credit card
- Fees on rent, wallet, utility, fuel and education spends
- Forex markup and using a card abroad
- How reward points work and what they are worth
- Credit card devaluations and what to do
FAQ
What is the annual fee of the IDFC FIRST Millennia Credit Card?
No annual fee. Fees exclude 18% GST.
How do IDFC FIRST Millennia Credit Card rewards work?
0.38% base, up to 1.25% on international (foreign currency). 1 point = ₹0.25; ₹99+GST redemption fee; in-app hotel +20%, flight +10% bonus
Does the IDFC FIRST Millennia Credit Card give airport lounge access?
We did not find lounge access on this card in the sources we checked.
Who is the IDFC FIRST Millennia Credit Card best suited to?
A lifetime-free card with an income requirement of ₹3 lakh a year. Dining, travel and international spends earn 5 points per ₹100, which at ₹0.25 a point is 1.25%; everything else earns 1.5 points per ₹100 (about 0.4%) and utilities 0.5. Fuel and rent earn nothing, and rent carries a 1% fee with a ₹249 minimum. There is no airport lounge, only four railway lounge visits a quarter if you spent ₹20,000 in the previous month. There is no annual fee to recover, so value depends only on how much of your spend lands in rewarded categories. On our 6 profiles it nets from −₹1,413 (rent-heavy) to ₹13,050 (frequent flyer), equal to −0.1% to 0.7% of spend across the profiles. On the rent-heavy profile it earns nothing or loses money, because that spend is excluded or carries a fee.
Sources
- IDFC FIRST Millennia Credit Card (official product page) official fetched 2026-10-29
- CardAdvisor IDFC FIRST Millennia aggregator fetched 2026-10-29
- CardAdvisor CardInsider IDFC devaluation aggregator fetched 2026-10-29
Not financial advice. Figures are estimates from published terms and may be outdated; confirm with IDFC FIRST Bank before you apply. Methodology.