The IDFC First Millennia Credit Card is a lifetime free entry level card, and comes with a range of benefits and offers. Generous complimentary railway lounge access is one of the unique benefits of this card.
Lifetime-free credit cards are a popular choice among customers who want simplicity and do not want to do a detailed cost benefit analysis of their credit card.
Brief Summary
Our View
The IDFC First Millennia Credit Card is best for those who want a lifetime free card. Such cards are attractive for those who do not want to do a cost benefit analysis of various cards, and for those who do not want to keep a track of their annual card spends (since many cards offer annual fee waivers based on yearly card spends).
However, such cards usually come with a comparatively lower reward rate.
IDFC First Millennia Credit Card
Special Benefits
Lifetime free card
Other Benefits
Complimentary railway lounge access
Minimum Income
Not specified
Annual Fee
Zero
Annual Fee Offers
Welcome offer worth over ₹500
IDFC First Millennia Credit Card : Summary Table
| Lifetime free card – zero annual fee | No annual fee on your card Welcome Benefits: – You get a welcome voucher worth ₹500, on spending ₹5,000 or more within 90 days of card generation. – You enjoy 5% cashback (up to maximum ₹1000), on the transaction value of your first EMI – completed within 30 days of card generation. |
| 1% benefit on all online spends – till ₹20,000 monthly spend (6X) | You earn 4 reward points worth ₹1 , on every ₹100 you spend on your card (since 1 reward point = ₹0.25 or 25 paise). Note : – You earn no reward points on fuel, EMI transactions & cash withdrawals. – You earn 0.16% benefit on insurance spends & utility bill payments : You earn 0.66 points worth 16 paise , on every ₹100 you spend on insurance spends & utility bill payments. – You earn 0.50% benefit on rental spends, explained below. |
| 0.50% benefit on all offline spends and rental spends – till ₹20,000 monthly spend (3X) | You earn 2 reward points worth 50 paise , on every ₹100 you spend on your card (since 1 reward point = ₹0.25 or 25 paise). Note : – You earn no reward points on fuel, EMI transactions & cash withdrawals – You earn 0.16% benefit on insurance spends & utility bill payments : You earn 0.66 points worth 16 paise , on every ₹100 you spend on insurance spends & utility bill payments. |
| 0.16% benefit – on insurance spends and utility bill payments (X) | You earn 0.66 reward points worth 16.6 paise , on every ₹100 you spend on your card in this category (since 1 reward point = ₹0.25 or 25 paise) |
| 1.66% benefit on ALL spends – only on spends above ₹20,000 monthly spend (10X) | You earn 6.66 reward points worth ₹1.66 (one rupee sixty six paise) , on every ₹100 you spend in this category (since 1 reward point = ₹0.25 or 25 paise) Note – rental & property management related spends, insurance spends, and utility bill payment spends will not be a part of 10X reward program and 10X threshold calculations. |
| 1.66% benefit on ALL spends – on your birthday (10X) | You earn 6.66 reward points worth ₹1.66 (One rupee sixty six paise) , on every ₹100 you spend on your card (since 1 reward point = ₹0.25 or 25 paise) |
| Complimentary railway lounge access – upto 4 times per quarter | You get 4 free railway lounge visits per quarter |
| Movie ticket discount | – You get 25% discount (up to ₹100 discount) , on movie tickets – on Paytm Mobile App. – This is valid once per month. |
| Fuel surcharge waiver | You get a 1% fuel surcharge waiver , at all fuel stations across India : – only on fuel transactions between ₹200 & ₹5000 AND – only on fuel purchases upto ₹20,000 per month (since the waiver amount is capped at ₹200 per monthly card statement cycle). |
| Emergency complimentary roadside assistance (RSA) package worth ₹1399 | – You get 24X7 assistance for flat tires & tire change, battery jump-start or alternate battery, fuel delivery, lost key replacement, minor repairs, vehicle towing (if required) – provided through Global Assure – You can avail this benefit up to 4 times a year – To know more details, visit here. |
| Various insurance covers – – Lost card liability cover of ₹25,000 – Personal accident cover of ₹2 lakhs | ■ You get a ₹25,000 insurance cover for lost card liability, counterfeit/skimming/phishing and online fraud protection – for transactions on your IDFC FIRST Bank Credit Card. ■ You receive a ₹2,00,000 personal accident cover – in the unfortunate event of an accidental death or permanent disability due to a sudden, unforeseen and involuntary event. |
| Attractive program on cash advances – No interest charges on cash withdrawals – ATM cash withdrawal limit : 100% of fixed deposit value | – Zero interest charges on cash withdrawals, but a cash withdrawal fee of ₹199 is charged on each cash withdrawal – 100% of fixed deposit amount is available as a cash withdrawal limit, in case you need emergency funds at any time |
| Minimum income requirements | Minimum income of ₹3 lakhs per year |
Pros and Cons of IDFC First WOW! Credit Card
Pros
- The card is a good choice for those who value the simplicity of a lifetime free card
- The First Millennia credit card offers a range of benefits like complimentary roadside assistance, complimentary insurance covers, complimentary railway lounge access which is a unique benefit not available on most other cards
Cons
- The basic reward rate of 0.50% – 1% on retail purchases is quite low compared to some of best cards available in the marketplace
Comparison With Other Credit Cards
| Features |
IDFC FIRST WOW! Credit Card
Our Rating
APPLY NOW
|
|---|---|
| Reward Rates | 0.66% |
| Other benefits | Fuel surcharge waiver of 1% |
| Annual Fee | Nil |
| Annual Fee Offers | Nil |
| Minimum Income | Not Specified |
Full Review: A Detailed Review of the IDFC First Millennia Credit Card
Features & Benefits of the IDFC First Millennia Credit Card
1% benefit on online spends (6X)
Earning reward points : You earn 6 reward points (6X) on every ₹150 you spend on your card = 4 reward points on every ₹100 you spend = ₹1 on every ₹100 you spend (since 1 reward point = ₹0.25 or 25 paise).
Note :
– You earn no reward points on fuel, EMI transactions & cash withdrawals.
– You earn 0.50% benefit on rental spends, explained below.
Redeeming reward points :
– You can redeem these rewards on IDFC First Bank’s Rewards Platform, on a range of exciting offers, including merchandise, gift vouchers, travel bookings, and more.
– You can access the IDFC Rewards platform through the IDFC PoshVine Reward Portal, mobile app or Internet banking.
– 1 reward point = ₹0.25 or 25 paise.
Limits on reward points :
– There is no monthly cap on earning these benefits.
– Spends above ₹20,000 during the monthly card billing cycle earn you a higher benefit rate of 1.66%, explained in the sections below.
Other important information :
– Each reward redemption transaction incurs a ₹99 convenience charge.
– Reward points never expire.
0.50% benefit on offline spends (3X)
Earning reward points : You earn 3 reward points (3X) on every ₹150 you spend on your card = 2 reward points on every ₹100 you spend = ₹0.50 on every ₹100 you spend (since 1 reward point = ₹0.25 or 25 paise)
Note : You earn no reward points on fuel, EMI transactions & cash withdrawals
Limits on reward points : There is no monthly cap on earning these benefits. Spends above ₹20,000 during the monthly card billing cycle earn you a higher benefit rate of 1.66%, explained in the sections below.
Redeeming reward points & other important information : same as described in the above section
1.66% benefit on all monthly spends above ₹20,000 AND on all birthday spends (10X)
Earning reward points : You earn 10 reward points (10X) on every ₹150 you spend on your card = 6.66 reward points on every ₹100 you spend = ₹1.66 on every ₹100 you spend (since 1 reward point = ₹0.25 or 25 paise)
Note – rental & property management related spends, insurance spends, and utility bill payment spends will not be a part of 10X reward program and 10X threshold calculations.
Limits on reward points : There is no upper monthly spend cap for earning these benefits
Redeeming reward points & other important information : same as described in the above section
Complimentary railway lounge access – upto 4 times per quarter
– You get 4 complimentary visits per calendar quarter, to participating railway lounges in India.
– Lounge access requires a valid IDFC Bank Credit Card and train ticket.
– Lounge facilities include 2 hours of stay, comfortable seating, buffet meal, tea/coffee, Wi-Fi, and newspapers/magazines.
– Lounge access can be used again after 24 hours from the last access.
– Cardholders can bring one guest at no extra charge. Guests must present a valid train ticket and government issued ID. Guest access is subject to participating lounge’s terms and conditions.
– Lounge access can be shared between primary and add-on cardholders
– For assistance, contact DreamFolks at 18001234109 or helpdesk@dreamfolks.in
Movie ticket discount – at Paytm
– You get a 25% discount (upto ₹100 discount) , on movie tickets on the Paytm mobile app.
– The discount is applied instantly, and is capped at 25% of the ticket price or ₹100, whichever is lower. Promo code IDFCCCFM needs to be used.
– The minimum booking requirement is one movie ticket.
– The offer is applicable once per calendar month.
Emergency complimentary roadside assistance (RSA) package worth ₹1399
– You get 24X7 assistance for flat tires & tire change, battery jump-start or alternate battery, fuel delivery, lost key replacement, minor repairs, vehicle towing (if required) – provided through Global Assure
– You can avail this benefit up to 4 times a year
– To know more details, visit here.
IDFC First Millennia Credit Card Fees and Charges
Annual fee
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year joining fee | ₹0 | Welcome offers : ■ You get a welcome voucher worth ₹500, on spending ₹5,000 or more within 90 days of card generation. ■ You enjoy 5% cashback (up to maximum ₹1000), on the transaction value of your first EMI – completed within 30 days of card generation. |
| Renewal fee from 2nd year onwards | ₹0 | Zero |
Late payment fee
Late payment fee is charged if you do not pay even the minimum amount due on your card bill, before the bill due date. You will be charged 15% of the total amount due , with a minimum charge of ₹100 and a maximum charge of ₹1250. Please see below table as an example –
Finance charges
0.75% – 3.50% per month (9% – 42% per annum), depending on the profile of the cardholder.
Zero interest charges on cash withdrawals – but a cash withdrawal fee of ₹199 is charged on each cash withdrawal
Important note
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – IDFC First Millenia Credit Card Fees & Charges
Eligibility Criteria
| Minimum income requirements | Minimum income of ₹3 lakhs per year is required |
| Minimum age | 18 years |
| Occupation | Salaried, self-employed |
| Credit score | Preferably above 750 |
| Residential status | Resident of India |
Application Process & Tracking Your Application Status
Step-by-step guide
| Online application process | The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the IDFC First Bank website. You can also visit official website of the bank and fill out the application form. Steps – – Fill out the online application form with basic personal details – Fill out additional details along with basic documents details – Verification and opening of card – For successful applicants, the process takes 15-20 minutes, as per the IDFC website. |
| Offline (face to face) application process | You can visit any of the nearest branches of the bank and talk to an executive regarding the process. |
| Approval timeline and process | – In most cases, the credit card decision would be communicated within 2-7 working days. – In certain cases, it could take longer, especially if the bank wants more information and documents from you. – Click here to track the status of your IDFC Credit Card application. |
Necessary documents and verification
| Required documents | – PAN card – Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof – Income documents : salary slip, income tax return etc. In addition to these, you may be asked to provide additional documents on a case to case basis. |
Other Benefits for First Millennia Credit Card Holders
| 1% fuel surcharge waiver | You get a 1% fuel surcharge waiver , at all fuel stations across India – – only on fuel transactions between ₹200 & ₹5000 AND – only on fuel purchases upto ₹20,000 per month (since the waiver amount is capped at ₹200 per monthly card statement cycle) |
| Various insurance covers – Lost card liability cover of ₹25,000 – Personal accident cover of ₹2 lakhs | You get a ₹25,000 insurance cover for Lost Card Liability, Counterfeit/Skimming/Phishing and Online Fraud Protection – for transactions on your IDFC FIRST Bank Millennia Card. You receive a ₹2,00,000 Personal Accident Cover, in the unfortunate event of an accidental death or permanent disability due to a sudden, unforeseen and involuntary event caused by external, visible and violent means. – Claim under this cover is payable only once, irrespective of the number of cards held by the cardholder. To qualify for the above insurance cover, you must have an active card and have made a recent transaction with your card. For details, visit here. |
| Merchant offers, health, wellness & dining benefits | – You can access 50+ in-app online discount offers , for various products and services. – You enjoy dining discounts of up to 20%, at a wide selection of 1,500 restaurants. – You can avail up to a 15% discount at over 3,000+ health and wellness outlets. You enjoy savings on spa treatments, gym memberships, beauty services, and more. |
| EMI & balance transfer options | You have an EMI option for online and eligible transactions – you can instantly convert transactions above ₹2,500 into convenient EMIs. (The EMI option is not available for jewellery purchases). You can pay off balances from other bank credit cards through balance transfer privilege. |
| Security features | Chip and PIN technology – security for offline transactions : In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data. However, the latest generation of credit cards includes a CHIP and PIN feature, which provides enhanced security. Only you know your PIN, so even if your credit card is lost, it is unlikely to be misused since BOTH the physical card and the PIN is required to spend on the credit card. Two-factor authentication – security for online transactions : When making an online transaction, you approve your online transaction by using a One-time Password (OTP) you get on your mobile phone. Since only you know the OTP, the card is unlikely to be misused unless someone has access to BOTH your card details AND your mobile phone. This ensures a safe online purchase experience. SMS alerts and notifications – for both offline and online transactions : For your peace of mind, you get free SMS alerts and notifications for all your credit card transactions. Hence you will know about all transactions on your credit card. In the unlikely scenario of misusing your credit card, you would still get these alerts and notifications – which will help you immediately block your credit card. |
| Contactless payment | – Look for the contactless network symbol on your card to determine if your credit card is contactless. – In India, contactless payments are allowed for a maximum of ₹5000 for a single transaction without requiring a Credit Card PIN. For transactions equal to or higher than ₹5000, the cardholder must input their Credit Card PIN for security reasons. |
Conclusion
The IDFC First Millennia Credit Card is a good option for those specifically looking for a lifetime free credit card, and the simplicity that comes with it. The card offers a range of benefits as described above, the complimentary railway lounge access is a unique feature which is not available in many other credit cards.
You may however want to take a look at credit cards which offer better rewards for most of your spending needs like shopping, travel, fuel, utility bill payments etc.
Apply Nowon IDFC First Bank website
Frequently Asked Questions
How can I redeem the reward points earned with the IDFC First Millennia Credit Card?
You can redeem your accumulated rewards easily by visiting IDFC First Bank’s rewards redemption portal or contacting customer service.
What should I do if I have a query or need assistance with my IDFC First Millennia Credit Card?
For any queries or assistance related to your IDFC First Millennia Credit Card, please contact the IDFC First Bank’s customer service helpline or visit their branch. They can assist you with your concerns or provide necessary information.
Is there a joining or annual fee associated with the IDFC First Millennia Credit Card?
No, there is no joining or annual fee for the IDFC First Millennia Credit Card, making it a cost-effective option for cardholders.
How can I avail the welcome gift voucher with the IDFC First Millennia Credit Card?
To receive the welcome gift voucher, you must spend ₹5,000 or more within 90 days of card setup. Once you meet this spending requirement, you will be eligible for the welcome gift voucher.
On this page
- Brief overview
- Pros and cons
- Detailed look at the card
- Features & benefits
- Card fees & charges
- Eligibility criteria
- Application process
- Other cardholder benefits
- Frequently asked questions
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