IDFC First Millennia Credit Card Review

If you’re in the market for an entry-level credit card that offers a range of benefits, look no further than the IDFC First Millennia Credit Card. This rewards points-based card is designed to cater to the needs of young professionals and individuals starting their financial journey. Packed with an impressive rewards program, it offers up to 10x Non-Expiring Reward points that can be redeemed at any time, giving you the flexibility to enjoy the fruits of your spending.

One of the standout features of the IDFC First Millennia Credit Card is its versatility. Whether you prefer online shopping or offline retail therapy, this card rewards you for both types of spending. Accumulating reward points has never been easier, making it an attractive option for those looking to make the most of their everyday purchases.

For avid travelers who frequently embark on train journeys, this card offers an added luxury. With complimentary Railway Lounge access four times a quarter, you can elevate your travel experience and enjoy the comforts of a premium lounge while waiting for your train.

But the benefits of the IDFC First Millennia Credit Card don’t stop there. Movie buffs will appreciate the up to 25% discount on movie tickets, while food enthusiasts can enjoy up to 20% off on dining at select restaurants. The card also comes with complimentary roadside assistance, providing peace of mind during unforeseen circumstances.

What sets this card apart from many others in the market is its lifetime free status. With no annual fee, you can enjoy the benefits of the IDFC First Millennia Credit Card without any additional financial burden. It’s a perfect choice for those who want to make the most of their credit card usage without worrying about recurring charges.

In this review, we will delve deeper into the features, rewards program, and additional perks that the IDFC First Millennia Credit Card has to offer. Whether you’re a first-time credit card user or someone looking for a reliable entry-level option, this review will help you make an informed decision about whether this card is the right fit for your financial needs.

Features and Benefits of IDFC First Millennia Credit Card

• Welcome Benefits: As a new cardholder, you’ll enjoy a range of welcome benefits. Spend Rs. 15,000 or more within 90 days of card issuance and receive an e-gift voucher worth Rs. 500, allowing you to indulge in your favorite online purchases. Additionally, for the first three months after card issuance, avail a cashback of 5% (maximum Rs. 1000) on your first EMI transaction, making your initial card usage even more rewarding.
• Movie and Dining Benefits: Enjoy a delightful cinematic experience with a 25% discount (up to Rs. 100) on movie tickets through the Paytm app once every month. Watch your favorite movies on the big screen and save on your entertainment expenses. Indulge in your culinary cravings with up to 20% discount at over 1,500 leading restaurants across India. Relish your favorite delicacies without worrying about the bill, as this card ensures satisfying dining experiences.
• Travel Benefits: For frequent train travelers, the IDFC First Millennia Credit Card offers a luxurious perk. Enjoy complimentary access to Railway Lounges four times a quarter, transforming your waiting time into a hassle-free and comfortable experience. With the ambiance of luxury hotels, these lounges provide a touch of elegance and convenience to your journeys.
• Insurance Benefits: As a cardholder, you receive valuable insurance coverage. In the unfortunate event of an accident or similar mishap, you are entitled to a Personal Accident Cover worth Rs. 2 Lakhs, providing financial security during challenging times. Furthermore, should you misplace your card, rest easy knowing that it comes with a complimentary lost card liability cover of Rs. 25,000. These insurance benefits are applicable only when the card is active and in use.

IDFC First Millennia Credit Card Rewards

• Accelerated Reward Points: With the IDFC First Millennia Credit Card, you can earn up to 10x Reward points by achieving a spend of Rs. 20,000 or more. This means that for every Rs. 150 spent, you earn 1 Reward Point. Once you reach the specified spend threshold, your reward points will be multiplied, allowing you to accumulate points at a faster rate.
• Birthday Bonus: Celebrate your special day with extra rewards. When you use your IDFC First Millennia Credit Card for purchases on your birthday, you earn a fantastic 10x Reward points. It’s a great way to make your birthday even more memorable and rewarding.
• Online and Offline Rewards: The card offers different reward multipliers for online and offline purchases. You can earn 6x Reward points on online purchases and 3x Reward points on offline purchases, up to Rs. 20,000. This encourages you to explore the convenience of online shopping while also rewarding your traditional offline purchases.
• Non-Expiring Reward Points: Accumulated Reward points with the IDFC First Millennia Credit Card don’t come with an expiry date. These points can be redeemed at any point in time, providing you with the flexibility to choose when and how to use them. You can save them up for bigger rewards or redeem them as you go, giving you ultimate control over your earned benefits.
• Exclusions: It’s important to note that there are a few exceptions when it comes to earning reward points. You won’t earn reward points on fuel purchases, insurance policies, EMI transactions, and cash withdrawals. Be mindful of these exclusions while using your card to maximize your reward earnings.

Eligibility Criteria for IDFC First Millennia Credit Card

To be eligible for the IDFC First Millennia Credit Card, you need to meet certain basic requirements. These criteria ensure that the card is issued to individuals who can responsibly manage their finances and enjoy the benefits offered. Here are the key eligibility criteria to consider:

• Age Requirement: The applicant should be at least 21 years old. This ensures that the card is available to individuals who have reached the legal age of financial responsibility.
• Stable Income: A stable source of income is required for both salaried individuals and self-employed individuals. This criterion ensures that the card is offered to applicants who have a consistent income flow, enabling them to meet their financial obligations.
• Good Credit Score: It is preferable for the applicant to have a decent credit score, preferably above 700. A credit score reflects an individual’s creditworthiness and financial discipline. Having a good credit score indicates a history of timely payments and responsible credit usage, increasing the chances of approval for the IDFC First Millennia Credit Card.

Meeting these eligibility criteria demonstrates your financial stability and responsible credit behavior, making you a suitable candidate for the IDFC First Millennia Credit Card. By fulfilling these requirements, you can unlock the benefits and rewards that come with this card, enhancing your financial journey.

How to Apply for the IDFC First Millennia Credit Card?

Applying for the IDFC First Millennia Credit Card is a straightforward process, and you have the flexibility to choose between online and offline methods. Here’s a step-by-step guide on how to apply for the card:

Offline Application

• Visit the nearest IDFC First Bank branch with all the necessary documents.
• Obtain the offline application form from the bank’s representative.
• Fill out the application form with accurate and complete details.
• Submit the filled form along with the required documents to the bank representative.
• The bank will review your application, perform the necessary verification, and inform you about the status of your application.

Online Application

• Visit the official website of IDFC First Bank.
• Navigate to the ‘Credit Cards’ section.
• Look for the specific option for the IDFC First Millennia Credit Card.
• Click on the ‘Apply Now’ button to initiate the online application process.
• Fill in the required details as prompted in the application form, such as personal information, contact details, employment details, and income details.
• Double-check the entered information for accuracy and completeness.
• Submit the online application form.
• The bank will review your application, conduct the necessary verification, and communicate with you regarding the status of your application.

By following these simple steps, you can apply for the IDFC First Millennia Credit Card either online or by visiting the nearest IDFC First Bank branch. Choose the method that suits you best and complete the application process to get one step closer to enjoying the benefits and rewards offered by this credit card.

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FAQs

Is the IDFC First Millennia Credit Card a lifetime free credit card?

Yes, the IDFC First Millennia Credit Card is a lifetime free credit card, meaning there is no annual fee or joining fee associated with it.

How can I contact IDFC First Bank for any queries or assistance regarding the Millennia Credit Card?

You can reach out to IDFC First Bank’s customer service helpline or visit their nearest branch for any inquiries or assistance regarding the IDFC First Millennia Credit Card.

What are the reward points earning rates with the IDFC First Millennia Credit Card?

The IDFC First Millennia Credit Card offers up to 10x reward points after achieving a spend of Rs. 20,000 or more. On your birthday, you can earn 10x reward points. Additionally, you can earn 6x reward points on online purchases and 3x reward points on offline purchases up to Rs. 20,000.

Are the reward points redeemable? Do they expire?

Yes, the reward points earned with the IDFC First Millennia Credit Card are redeemable at any point in time. They do not have an expiry date and can be accumulated for future use.

Conclusion

The IDFC FIRST Millennia credit card stands out as an exceptionally affordable option and is currently among the most popular reward cards in the market. Its distinctive reward point system ensures that your earned points never expire and can be carried forward for future use.

In addition to this, the card offers a wide range of benefits, including travel perks, lifestyle privileges, insurance coverage, fuel surcharge waivers, and more. It is particularly suitable for individuals seeking a lifetime free credit card with no joining fee, and who desire to earn reward points on both online and offline spending. Choosing this smart and value-for-money credit card will undoubtedly be a decision you won’t regret.

Author: Vedanti KiranVedanti is a female finance writer, currently pursuing her studies at Hansraj College. She has a passion for writing and travelling, and her articles on the stock market, finance, investment, and cryptocurrency are well-researched and informative. With her unique perspective on the world of finance, Vedanti is a go-to source for those seeking insights into the world of finance.