IDFC
IDFC FIRST Millennia Credit Card
LIFETIME FREE Card
This is an invite only card
Apply and get ₹700 Rewards
Top Benefits
Get 5% Cashback on Converting Eligible
credit card transactions to EMI, capped at ₹1,000 on the first EMI conversion done within 30 days of card generation for customers who have never converted a transaction to EMI before
Zero Annual & Renewal Fees
making the card lifetime free with no renewal charge
Best For
Shopping
Travel
The IDFC FIRST Millennia Credit Card is a lifetime free entry-level credit card built around online...
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The IDFC FIRST Millennia Credit Card is a lifetime free entry-level credit card built around online...
The IDFC FIRST Millennia Credit Card is a lifetime free entry-level credit card built around online retail rewards and movie ticket discounts. Issued by IDFC FIRST Bank on the Visa network, it carries a ₹0 joining fee and ₹0 annual fee with no spend conditions to maintain.
The card delivers a ₹500 welcome voucher upon spending ₹5,000 within the first 30 days, plus 5% cashback (up to ₹1,000 cap) on the first EMI conversion. Combined welcome value of ₹1,500 makes this card economically attractive from day one.
Eligibility requires applicants to be between 21 and 60 years of age, with a minimum annual income of ₹3 LPA for both salaried and self-employed (₹25,000 monthly). CIBIL score requirement is 720 or above. The accessible eligibility makes this card a strong entry-level option for young professionals.
Reward earning is tiered: 10X reward points on monthly online spends exceeding ₹20,000, 6X reward points on online spends up to ₹20,000, and 3X reward points on offline spends. Standard rate is 1 reward point per ₹150, with 1 reward point = ₹0.25 at redemption. So online spenders earn approximately 1.67% on first ₹20K and 2.78% on amounts above.
The card offers 25% discount on movie tickets via District (up to ₹100 per transaction, twice per month), totalling ₹2,400 in potential annual movie discounts. Travel benefits include 4 complimentary domestic airport lounge visits per calendar year on minimum quarterly spend of ₹20,000.
Other features include a 1% fuel surcharge waiver (max ₹200 per statement) and 0.99% forex markup, among the lowest in the Indian market. The forex feature alone makes this card useful for occasional international transactions.
View FAQ
Commonly Asked Questions
Q. Is the IDFC FIRST Millennia lifetime free?
A. Yes, the card has ₹0 joining fee and ₹0 annual fee with no spend conditions.
Q. What is the welcome benefit?
A. ₹500 welcome voucher on spending ₹5,000 within 30 days, plus 5% cashback (max ₹1,000) on first EMI conversion. Total welcome value approximately ₹1,500.
Q. What is the online cashback rate?
A. 10X reward points on monthly online spends exceeding ₹20,000, and 6X on online spends up to ₹20,000. This works out to about 2.78% and 1.67% effective return respectively.
Expert Review
The IDFC FIRST Millennia is one of the strongest lifetime free credit cards in the Indian market for online shoppers. The combination of accelerated online reward multipliers (6X-10X), 0.99% forex markup, lounge access (with low ₹20K quarterly threshold), and movie discounts at zero annual cost is hard to beat.
For a typical millennial spending ₹25,000 monthly online and watching 2 movies per month, the card delivers approximately ₹3,500 (rewards) + ₹2,400 (movies) + lounge access value (₹2,000) = ₹7,900 annually at zero net cost.
The 0.99% forex markup is a meaningful differentiator. Most lifetime free cards have standard 3.5% forex, so the Millennia delivers ₹2,500-₹3,500 in annual savings for users spending ₹1 lakh annually on international transactions.
The card has limitations. The exclusion list is broad (grocery, utility, education, fuel, FASTag), which limits applicability for households with heavy spending in these categories. The accelerated tier structure (10X above ₹20K monthly) requires careful spend planning to maximise.
Our recommendation: get this card if you shop online regularly (₹15K+ monthly) and want lifetime free structure with forex benefits. It pairs well with the IDFC FIRST WOW (0% forex, FD-backed) for users seeking forex specialisation.
Joining / Annual Fee
Joining Fees
₹0 ( ₹0 + GST )
Annual Fees
₹0 ( ₹0 + GST )
Joining fee is ₹0 and annual fee is ₹0 for the lifetime of the card. There are no renewal charges, ...
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Joining fee is ₹0 and annual fee is ₹0 for the lifetime of the card. There are no renewal charges, ...
Joining fee is ₹0 and annual fee is ₹0 for the lifetime of the card. There are no renewal charges, no minimum spend conditions, and no hidden costs.
View FAQ
Commonly Asked Questions
Q. Is the joining fee really ₹0?
A. Yes, the joining fee is ₹0.
Q. Is there any annual or renewal fee?
A. No, the annual fee is ₹0 for the lifetime of the card.
Q. Is there a minimum spend to keep the card free?
A. No, the card remains lifetime free regardless of usage.
Q. Does GST apply on the fees?
A. Since fees are ₹0, no GST applies on joining or annual fees.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
3LPA
Credit
Rating*
750+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Applicants must be between 21 and 60 years of age. The minimum annual income is ₹3 LPA for both sal...
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Applicants must be between 21 and 60 years of age. The minimum annual income is ₹3 LPA for both sal...
Applicants must be between 21 and 60 years of age. The minimum annual income is ₹3 LPA for both salaried and self-employed (₹25,000 monthly).
A CIBIL score of 720 or above is required. IDFC FIRST Bank also considers credit behaviour and payment history.
You must be a resident Indian citizen with valid PAN, Aadhaar, and address proof.
View FAQ
Commonly Asked Questions
Q. What is the minimum income?
A. ₹3 LPA for both salaried and self-employed.
Q. What CIBIL score is needed?
A. 720 or above.
Q. Is this card accessible to first-time users?
A. Yes, the accessible income and CIBIL requirements make this suitable for first-time users.
Q. Are NRIs eligible?
A. No, only resident Indian citizens.
All Card Benefits
- 5% cashback on first EMI transaction within 30 days (maximum ₹1,000)
- ₹500 welcome gift voucher on spending ₹5,000 within 30 days
- 25% discount on movie ticket bookings
- Access to 300+ merchant offers across the year
- Cashback credited within 90 days of offer fulfilment period
The card combines accelerated online rewards, movie discounts, and travel benefits at zero annual c...
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The card combines accelerated online rewards, movie discounts, and travel benefits at zero annual c...
The card combines accelerated online rewards, movie discounts, and travel benefits at zero annual cost.
The reward structure is tiered. Base rate is 1 reward point per ₹150 spent. Multipliers apply: 10X on monthly online spends exceeding ₹20,000, 6X on online spends up to ₹20,000, and 3X on offline spends. At ₹0.25 per reward point, this works out to approximately 2.78%, 1.67%, and 0.83% effective return respectively.
For a typical online shopper spending ₹30,000 monthly online, the card delivers (₹20,000 × 6X × 0.25 / 150) + (₹10,000 × 10X × 0.25 / 150) = ₹200 + ₹167 = ₹367 in monthly rewards, totalling ₹4,400 annually.
Welcome benefits include a ₹500 voucher on spending ₹5,000 within 30 days. The voucher can be used at partner brands like Myntra, Bigbasket, or similar (subject to current offers). Additionally, 5% cashback (up to ₹1,000) on your first EMI conversion adds value for users financing larger purchases.
Movie ticket benefits include 25% discount on the District app, capped at ₹100 per transaction, valid twice per month. So a regular movie-goer saves up to ₹200 monthly, totalling ₹2,400 annually.
Travel benefits include 4 complimentary domestic airport lounge visits per calendar year on minimum quarterly spend of ₹20,000. The 0.99% forex markup is among the lowest in India, useful for occasional international transactions.
Fuel surcharge waiver is 1% on transactions between ₹400 and ₹4,000, max ₹200 per statement. The card includes purchase protection and lost card liability cover as standard Visa benefits.
View FAQ
Commonly Asked Questions
Q. What is the reward structure?
A. Tiered: 10X RP on online spends above ₹20,000/month, 6X on online up to ₹20,000, 3X on offline. Base rate 1 RP per ₹150 at ₹0.25/point.
Q. How many lounge visits are included?
A. 4 complimentary domestic lounge visits per calendar year, unlocked by minimum quarterly spend of ₹20,000.
Q. What are the movie benefits?
A. 25% discount on movie tickets via District, max ₹100 per transaction, twice per month.
Q. What is the forex markup?
A. 0.99% on international transactions, among the lowest in the Indian market.
Q. Is there a fuel surcharge waiver?
A. Yes, 1% on transactions between ₹400 and ₹4,000, max ₹200 per statement.
Q. What is the EMI cashback?
A. 5% cashback (max ₹1,000) on the first EMI conversion as part of the welcome programme.
Q. Do reward points expire?
A. No, reward points do not expire as long as the card is active.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.25
Redemption Options
- Flights/Hotels
- Product Catalogue
To check redemption catalogue
Reward redemption is done through the IDFC FIRST Rewards portal at firstrewards.in or the IDFC FIRS...
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Reward redemption is done through the IDFC FIRST Rewards portal at firstrewards.in or the IDFC FIRS...
Reward redemption is done through the IDFC FIRST Rewards portal at firstrewards.in or the IDFC FIRST Bank Mobile app.
1 reward point = ₹0.25 across the IDFC FIRST Rewards catalogue. You can redeem for vouchers, merchandise, travel bookings, and partner offers.
To redeem, log in, browse the catalogue, select your option, and confirm. E-vouchers are delivered within 24 to 72 hours.
There is no redemption fee. Reward points do not expire as long as the card is active.
View FAQ
Commonly Asked Questions
Q. What is the redemption value?
A. 1 reward point = ₹0.25 across the IDFC FIRST Rewards catalogue.
Q. Is there a redemption fee?
A. No, there is no redemption fee.
Q. Do reward points expire?
A. No, reward points do not expire as long as the card is active.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an IDFC Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an IDFC Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
Rent Payment
Wallet Loads
ATM Cash Withdrawals
EMI Spends
All Reversals
Gift Card and Voucher Purchases
Bank Charges & Fees
Interest Charges
Late Payment Fees
Money Transfers
P2P Transfers
Government-related Transactions
Taxes
Utility Bill Payments
Insurance Payments
Cryptocurrency/Digital Asset Transactions
Gambling Transactions
Outstanding Payments
For Spends Waiver
Fuel Spends
Rent Payment
Wallet Loads
Cash Advances
EMI Spends
Bank Charges & Fees
All Reversals
Gift Card and Voucher Purchases
Money Transfers and P2P Transfers
Government-related Transactions
Taxes
Utility Bill Payments
Insurance Payments
Cryptocurrency/Digital Asset Transactions
Gambling Transactions
Outstanding Payments
Excluded categories from reward points typically include insurance, fuel spends, EMI conversions, c...
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Excluded categories from reward points typically include insurance, fuel spends, EMI conversions, c...
Excluded categories from reward points typically include insurance, fuel spends, EMI conversions, cash withdrawals, utilities, grocery, FASTag recharges, education spends, rent payments, government-related transactions, and wallet loads.
Refer to the latest MITC for the full exclusion list.
View FAQ
Commonly Asked Questions
Q. Are utility payments excluded?
A. Yes, utility payments are excluded from reward points.
Q. Do grocery spends earn rewards?
A. No, grocery spends are excluded.
Q. Are FASTag recharges rewarded?
A. No, FASTag recharges are excluded on the Millennia (consider the IDFC First Power Plus for FASTag rewards).
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.99% per month (47.88% per annum) apply on unpaid outstanding balances until the amount is fully repaid. | 3.99% |
ATM withdrawal 0% interest (45 days) | ₹199 + GST per withdrawal | 0% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge 1% fee beyond ₹25,000 Passenger Railway spends per statement cycle; platform charges extra. | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees No cheque payment fee is charged | Not Applicable |
Cash Payment Fees N/A | Not Applicable |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 - ₹100 |
| ₹500 | ₹500 |
| ₹5000 | ₹5000 |
| ₹8000 | ₹8000 |
| ₹10,000 | ₹10,000 |
| ₹10,000 & above | ₹10,000 & above |
Joining fee ₹0 and annual fee ₹0 for the lifetime of the card.
Forex markup is 3.50% per MITC,...
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Joining fee ₹0 and annual fee ₹0 for the lifetime of the card. Forex markup is 3.50% per MITC,...
Joining fee ₹0 and annual fee ₹0 for the lifetime of the card.
Forex markup is 3.50% per MITC, with 0.99% effective on most international transactions through the prevailing programme. Refer to the latest MITC for exact applicable rates.
APR on revolving balances is 3.50% per month, equivalent to 42% per annum.
Cash advance fee is 2.5% of withdrawn amount, minimum ₹500.
Reward redemption fee is not applicable.
Railway surcharge is 1.80% for online and 2.50% for offline. Rent payment processing charge is 1% of transaction.
Cheque payment charge is ₹500 per cheque (higher than typical cards). Cash payment at branch is ₹100 per transaction.
Late payment charges are slab-based: ₹0 below ₹100, ₹400 for ₹101 to ₹500, ₹500 for ₹501 to ₹5,000, ₹750 for ₹5,001 to ₹10,000, and ₹1,000 above ₹10,000. A 3-slab structure is also applicable: ₹400 for small balances, ₹750 mid-tier, ₹1,000 for high balances.
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹0 |
| Annual Fee | ₹0 |
| Forex Markup | 0.99% effective (3.50% per MITC) |
| APR | 3.50% per month (42% p.a.) |
| Cash Advance Fee | 2.5% (min ₹500) |
| Reward Redemption Fee | Not Applicable |
| Railway Surcharge | 1.80% online / 2.50% offline |
| Rent Payment Charge | 1% of transaction |
| Cheque Payment Charge | ₹500 per cheque |
| Cash Payment at Branch | ₹100 per transaction |
| Late Payment Charges | ₹400 / ₹750 / ₹1,000 (3-slab) |
View FAQ
Commonly Asked Questions
Q. What is the interest rate?
A. 3.50% per month or 42% per annum.
Q. What is the forex markup?
A. 0.99% effective on most international transactions. The MITC reference rate is 3.50%.
Q. What are late payment charges?
A. 3-slab structure: ₹400 small, ₹750 mid-tier, ₹1,000 for high balances.
Q. Is there a redemption fee?
A. No, redemption is free on this card.
Q. What is the cash advance fee?
A. 2.5% of withdrawn amount, minimum ₹500.
Q. What is the cheque payment fee?
A. ₹500 per cheque, which is higher than typical cards.
Documents Required
Identity proof: PAN plus Aadhaar, Voter ID, passport, or driving licence. Address proof: Aadhaar, utility bills, rental agreement, passport, or driving licence.
Income proof for salaried: last 3 months' salary slips and 6 months' bank statement. Self-employed: last 2 years' ITR, business bank statement, and proof of business existence.
View FAQ
Commonly Asked Questions
Q. Is PAN mandatory?
A. Yes.
Q. What income proof is needed for salaried?
A. Last 3 months' salary slips and 6 months' bank statement.
Q. What income proof is needed for self-employed?
A. Last 2 years' ITR, business bank statement, and proof of business existence.
Who Should Get This Card?
The IDFC FIRST Millennia is built for online-heavy shoppers and millennials who want a true lifetime free credit card with strong online cashback and low forex markup. The typical user spends ₹15,000-₹30,000 monthly online across Amazon, Flipkart, Myntra, and similar merchants.
For an online shopper spending ₹30,000 monthly online, the card delivers approximately ₹4,400 in annual reward points, plus the ₹1,500 welcome benefits in year one. Add movie discounts (₹2,400) and lounge access value (₹2,000), total annual value reaches ₹10,000+ at zero cost.
The 0.99% forex markup makes this card useful for international shoppers and travellers. The combination of zero annual fee and low forex is rare in the Indian market.
This card is not the right pick if you spend heavily on excluded categories (utilities, grocery, fuel, education, FASTag). For grocery-heavy users, the HSBC Live Plus or HDFC RuPay deliver better category-specific rewards.
Credit Limit and What to Expect
The credit limit depends on income, CIBIL score, and existing obligations. For ₹3 to ₹8 LPA income profiles, typical starting limits range from ₹50,000 to ₹2,00,000.
IDFC FIRST offers enhancements after 6 to 12 months of regular usage. Cash advance limit is usually 20% to 40% of total limit.
View FAQ
Commonly Asked Questions
Q. What credit limit can I expect?
A. ₹50,000 to ₹2,00,000 for ₹3 to ₹8 LPA income.
Q. When can I request an increase?
A. After 6 to 12 months of regular usage.
Q. What is the cash advance limit?
A. 20% to 40% of total credit limit.
How to Apply?
Apply through the IDFC FIRST Bank website, partner platforms like BankKaro, or any IDFC FIRST branch.
Online application via idfcfirstbank.com is the most common route. Fill in PAN, Aadhaar, employment type, and monthly income. Upload digital copies of identity, address, and income proof.
IDFC FIRST Bank runs bureau and internal verification. Initial decision in 2 to 5 working days. Physical card dispatched within 7 to 14 working days.
View FAQ
Commonly Asked Questions
Q. Can I apply online?
A. Yes, through IDFC FIRST Bank, partner platforms, or any IDFC branch.
Q. How long does it take?
A. Initial approval in 2 to 5 working days; card dispatched within 7 to 14 working days.
Q. Is video KYC required?
A. Yes, for online applications.
That’s the full story of this credit card
Like this card? Your apply button’s just there.
Top Benefits
Apply and get ₹700 Rewards
Top Benefits
Get 5% Cashback on Converting Eligible
credit card transactions to EMI, capped at ₹1,000 on the first EMI conversion done within 30 days of card generation for customers who have never converted a transaction to EMI before
Zero Annual & Renewal Fees
making the card lifetime free with no renewal charge
The smartest way to find your great credit card
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