|IDFC FIRST Millennia Credit Card Rating|
Annual Fee ★★★★★
Movie Tickets ★★
Offers & Discounts ★★★
|Overall Rating ★★★|
IDFC First Millennia Credit Card is one of the best credit cards for millennials. The card comes with low-interest rates, amazing merchant discounts and offers 10x rewards. So if you are a millennial looking for a credit card, this might be just the card for you. Read below to know more about IDFC First Millennia Credit Card.
IDFC FIRST Millennia Credit Card at a Glance
|Best Suited For||Online Shopping|
|Minimum Income||Rs. 25,000 per month|
Key Highlights of IDFC FIRST Millennia Credit Card
Enjoy 10x Reward Points
IDFC FIRST Millennia Credit Card offers reward points that never expire. The card offers 10X reward points on spending more than Rs. 20,000 per month and on spends done on your birthdays. With this card, you get 6X reward points on online shopping and 3X reward points on in-store purchases of up to Rs. 20,000 per month. The best thing about these reward points is that they never expire and can be redeemed for online and in-store shopping. IDFC’s evergreen rewards and zero redemption fee features give this card an edge over the others. However, if you are looking for a credit card that offers reward points on online shopping, SBI Simply Click is the best option. Though the card comes with an annual fee of Rs. 499, it can be reversed on spending Rs. 1 lakh in a calendar year. SBI Simply Click offers 10x rewards on online transactions with partners and 3X reward points on every online purchase.
1 reward point = Rs. 0.25
1X = 1 reward point per Rs 100 spent
Access to Railway Lounges
If you are a frequent traveller this may be an added advantage for you. IDFC FIRST Millennia credit card offers 4 complimentary railway lounge visits per quarter making domestic travel comfortable for you. The card is not very beneficial for people who travel by air and wish for airport lounge access.
If you are a movie lover, this card can be a good choice for you. IDFC FIRST Millennia credit card offers a 25% discount(up to Rs. 100) on movie tickets once a month. However, SBI Simply Click or IDFC FIRST Wealth Visa Infinite offer much better movie benefits and discounts. If you are a movie lover, this card may not satisfy your entertainment needs.
Dine at your Favorite Restaurants
With this credit card, you can enjoy more than 50 in-App discounts and up to 20% discounts on more than 1,500 restaurants. If you are a foodie and love to dine out, this could be a good choice for you.
Limitations of IDFC FIRST Millennia Credit Card
The card does not offer many benefits to the users. Apart from zero annual fees and evergreen reward points, the card has nothing much to offer. The biggest limitation of the IDFC FIRST Millennia Credit Card is that there are no exclusive benefits for the users. The card is suitable for low to medium spenders.
Other Benefits of IDFC FIRST Millennia Credit Card
Following are the other significant benefits of the IDFC FIRST Millennia Credit Card-
- Fuel surcharge waiver at all fuel stations across India up to Rs. 200 every month
- Personal Accident Cover worth Rs. 2 Lakh* & complimentary lost card liability cover of Rs. 25,000
- Low-Interest Rate starts at 0.75% p.m. (9% annually)
- NIL Overlimit fees, NIL Addon charges and NIL Reward redemption fees
- Interest-free cash withdrawal from ATMs for up to 48 days
Should you get IDFC FIRST Millennia Credit Card?
You should go for an IDFC FIRST Millennia Credit Card if you:
- You shop online
- You prefer earning rewards over cashback
- You do not wish to pay a joining or annual fee
- You want the simplicity of rewards and their redemption
- You are not looking for any category-specific discount
- You do not put major expenses on your card
A free credit card for life that offers unlimited reward points, railway lounge access, and dining offers. IDFC FIRST Millennia is most suitable for people who are new to credit and do not spend a lot using their credit cards. However, if you already own a credit card, it would be advisable to opt for other credit cards in the same segment.