Features
- Get a FREE movie ticket offer every month on BookMyShow
- Easy EMI options for on txn starting from Rs. 2000/-
- Get 1% fuel surcharge across all petrol pumps in India
- Earn 1 Reward Point on Rs.150 spent
- Get 1 Airline mile for ratio for 1 Reward Point (1 R.P. = Rs. 1/-)
Pricing
- Joining fees Rs. 1999
- Annual fees Rs. 0
Documents Required
- Depending on your eligibility the required documents may vary!
- Some offers have a no- document option
- Latest month Credit card statement for Salaried and Self-employed
- Pay slip required for Salaried & ITR full set for Self-employed
IDFC First Millennia Credit Card
The First Millennia credit card issued by IDFC Bank comes with multiple benefits of rewards, cashback, surcharge waiver, etc. With a standout reward program, low interest rates, and 300+ merchant offers all through the year, this credit card is simply worth having. Apply for this IDFC Credit card on CreditMantri. We offer a simple and hassle-free application process.Key Highlights of The First Millennia Credit Card
- Best Features:
- Unlimited reward points that will never expire and you can use them to pay instantly for in-store or online purchases.
- Lifetime free credit card with No Joining and Annual Fee
- Convenience fee for reward redemption of Rs. 99 effective from 1st October 2022
- Low Interest Rates (Annual percentage rate) starting from 0.75% to 3.5% per month (9% to 42% per annum)
- Late Payment Fee: 15% of the total amount due (minimum of 100 Rs. and a maximum of Rs. 1250)
- 48 day period of Interest free cash withdrawals at domestic and international ATMs
- Cash Advance Fee of Just Rs. 250
- Overlimit Charges of 2.5% of the over limit amount for transactions which breach the credit limit
- Forex Markup Charges of 3.5% for foreign currency transactions
IDFC Bank First Millennia Credit Card - Benefits And Privileges
Welcome Benefits:
- Welcome voucher worth Rs. 500 on spends of Rs. 15,000 or more.
- Within 90 days of getting the card.
- 5% cash back on the first EMI transaction that you make.
- Within 90 days of getting your credit card.
Rewards:
- 10x reward points on spends more than Rs. 20,000 monthly
- 10x reward points on birthday spends.
- Online Purchases: 6x reward points on spends up to Rs. 20,000
- Offline Purchases: 3x reward points on spends up to Rs. 20,000
- Reward points are unlimited and will never expire
- Reward points can be used to pay instantly for online and instore shopping.
- The fee for redemption of reward points is Rs. 99 (plus applicable taxes) effective October 1st 2022.
- Earn 1 reward point per Rs. 150 spent. 1x reward points = 1 reward point = Rs. 0.25
Rewards Exclusions:
- Cash withdrawals, EMI transactions, fuel, and insurance.
- 10x reward points not applicable on rental and property management transactions. But, such transactions will earn 3x reward points
Other Offers:
- Movie Discounts: 25% discount on movie tickets (up to Rs. 100) valid once per month.
- Personal accident cover of Rs. 2,00,000 (This is valid on doing at least one transaction On the FIRST Millennia Credit Card in the last 30 days)
- Lost card liability cover of Rs. 25,000.
- Up to 20% discount at 1500 plus restaurants
- Up to 15% discount at 3000 plus health and wellness outlets.
- 4 complimentary railway lounge visits quarterly
- Complimentary roadside assistance worth Rs. 1,399
- Fuel surcharge waiver of 1% at all fuel stations across India up to Rs. 200/month.
- Complimentary roadside assistance of Rs. 1,399.
Other Benefits:
All these benefits are subject to the eligibility criteria set by the bank.
- Conversion of all transactions more than Rs. 2,500 into easy and convenient EMIs from your mobile app.
- Instant EMI conversion for all online transactions above Rs. 2,500 on the bank’s OTP page
- You can transfer balances from other cards to IDFC cards using the balance transfer option.
IDFC Bank First Millennia Credit Card - Fees and Charges
Joining Fee | Nil |
Annual Fee | Nil |
Add on card Fee | Nil |
Interest rate on cash advances, purchases, and outstanding balances due | Monthly Rate - 0.75% - 3.5% Annual Rate - 9% - 42% |
Overdue Interest (will be charged if you don’t pay the minimum amount due by the payment due date) | Monthly Rate - 3.99% Annual Rate - 47.88% |
Cash advance transaction fees (Certain international outlets or ATMs allow the conversion of international currency to INR at the time of withdrawal or sale. Then the cash advance transaction fee may include any charges levied by the service provider) | Rs. 250 |
Reward Redemption Fee | Rs. 99 per redemption transaction effective from 1st October, 2022 |
Over Limit Fee | 2.5% of the over limit amount subject to a minimum charge of Rs. 500 |
Foreign currency Markup Fee | 3.5% |
Late Payment Fee | 15% of the due amount (Subject to a minimum of Rs. 100 and a maximum of Rs. 1250) |
International and Domestic Cash Advance Fee | Rs. 250 per transaction |
Foreign Currency Markup Fee | 3.5% |
Return of cheque/auto debit/payment return | Rs. 250 per returned cheque/auto debit/payment return |
Fee on cash payment at branches | Nil |
Outstation cheque processing fee | Nil |
Duplicate statement request | Nil |
Card replacement Fee | Rs. 100 |
Cheque or cash processing Fee | Nil |
Charge Slip request Fee | Nil |
Markup Charges on foreign currency transaction | 3.5% |
EMI Fees | 1% of the transaction value (minimum Rs. 99) |
Fuel Surcharge Waiver | Rs. 200 per statement cycle on FIRST Millennia Credit Card |
Good and Service Tax | The GST rate is 18% currently as set by the government of India. It is applicable on all fees, interest, and other charges. It is subject to change. |
Eligibility Criteria For First Millennia Credit Card
- Age: Minimum 21 years
- The applicant must have his or her permanent or current residential address in India. He or she must belong to any one of the sourcing cities as listed by the bank.
- Monthly income: minimum monthly income of Rs. 25,000 whether he is salaried or self-employed (subject to change)
Score: The credit score must be good with no past records of defaults. - Internal Policy Checks: The applicant must pass all the internal policy checks conducted by IDFC First Bank based on the applicant’s bank history, demography, and credit exposure. The bank will issue the credit card based on the assessment of the internal policy checks. The final decision to approve the credit card application rests with the bank, and it can issue the card notwithstanding the applicant meeting the eligibility criteria or not issuing the card even if the criteria are met.
First Millennia Credit Card - Documents Required
Address Proof | Either of the following:
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Identity Proof | Either of the following: Or any other photo ID authorized by the government. |
Income Proof |
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How to Apply For the First Millennia Credit Card?
1. Online Through the CreditMantri website
- After knowing about all the features of the First Millennia credit card and deciding whether it is suitable for you, click on “Check Eligibility”
- You will be forwarded to the application page.
- Enter the basic details asked for and click ‘Submit’
- An OTP will be sent to your mobile.
- Enter this OTP for verification
- Proceed with the rest of the application.
2. Online Through The Bank’s Website
- Go to the IDFC FIRST Bank website
- Click on ‘personal banking’.
- Choose the tab called ‘Cards’.
- Click on FIRST Millennia Credit Card
- Input the name as per Aadhaar, Date of Birth, and mobile number.
- Click ‘Get OTP’
- Once done, enter your primary details.
- A representative of the bank will get in touch with you and tell you about the next set of steps to be followed.
3. OfflineYou can apply for the credit card offline by visiting the bank’s branch and submitting an application form, calling customer care, sending an SMS, through mobile app, etc.
First Millennia Credit Card Bill Payment
Here are payment options given by IDFC Bank for you to make credit card bill payments easily and conveniently.1. Through Netbanking or debit card: IDFC Bank offers efficient net banking services to help you pay your credit card bills easily from anywhere and anytime. You can use any bank account to pay through net banking or debit cards.
Simple steps to pay via for IDFC First NetBanking App Users
- Go to credit card > Pay Bill
- Pay your credit card bill after you login to netbanking
- To automate your payments, you need to register an auto-debit instruction on your IDFC First Bank account. Follow the steps above and enable ‘Autopay future bills’.
Easy steps to pay via net banking for IDFC First Bank Mobile Banking (Old) App Users
- Download the IDFC First Bank Mobile App
- Go to credit card > Pay Bill
- Pay your credit card bill after you login to the mobile app.
- To automate your payments, you need to register an auto-debit instruction on your IDFC First Bank account. Follow the steps above and enable ‘Autopay future bills’.
2. UPI
- Open the banking or BHIM app that is enabled by UPI
- Go to the UPI section in your app.
- Go to send money
- Enter your ‘<16 digit card number>. cc@idfcbank’ as UPI ID
3. IMPS/NEFT payments
You can make instant payments via IMPS/NEFT by entering the mentioned payee/beneficiary/receivers details:
- Payee name or the name on your IDFC Bank credit card
- Payee Account Number: The 16 digit IDFC First Bank credit card number
- Bank name: IDFC First Bank.
- IFSC Code: IDFB0010225
4. Other payment option
- Making a cash deposit: Visit the nearest IDFC Bank branch and pay your credit card bill by depositing cash into your credit card account
- Drop a cheque at an IDFC First Bank branch/ATM near you. This cheque should be written in favour of the 16 digit IDFC First Bank credit card number. The format is ““IDFC FIRST Bank Credit Card XXXXXXXXXXXXXXXX”
Conclusion
The First Millennia credit card is a lifetime-free credit card with a great reward program. You get 1 reward point for Rs. 150 spent. The best part is that the reward points never expire and can be redeemed for online shopping. So, what are you waiting for! Apply for this card and enjoy the benefits. Before you apply, check your credit score on CreditMantri. We match your credit profile with the eligibility criteria for loans and credit cards and shortlist the best offers for you.FAQs of IDFC First Millennia Credit Card
1. What is the credit limit for a First Millennia Credit Card?
The credit limit for First Millennia credit cards depends upon your income and CIBIL ™ score. There is no specific limit for the First Millennia credit card. It is entirely based on your credit score and the repayment history. If you have maintained a good credit score and have a stable and high income, you will be able to get a higher credit limit.
2. How to redeem reward points for IDFC First Bank credit cards?
Go to the IDFC First Bank reward redemption portal and log into it with your registered mobile number. Post logging in, you can see the reward points on the homepage. Click on “Redeem Points” to begin the redemption process.