IDFC First Millennia vs IDFC First Classic Credit CardIDFC First Millennia vs IDFC First Classic Credit Card

IDFC First Millennia vs IDFC First Classic Credit Card

IDFC First Bank is renowned for being a prominent credit card provider, offering a range of excellent credit card choices characterized by affordable annual fees, with the majority of these cards being exempt from lifetime fees. This distinctive feature has led many individuals to favor obtaining a credit card from IDFC First Bank. Among the array of lifetime-free options (excluding a few exceptions), two noteworthy cards from IDFC First Bank are the IDFC First Millennia and IDFC First Classic Credit Cards. Both these cards come with a zero annual fee, and their features are remarkably similar. For those contemplating acquiring either of these cards, a comprehensive examination of their features and a detailed side-by-side comparison can be found later in this article.

Features and Benefits of IDFC First Millennia and IDFC First Classic Credit Card

IDFC First Millennia Credit Card:

  1. Welcome Benefits:
    • Receive a Rs. 500 voucher by spending Rs. 15,000 within the first 3 months.
    • Enjoy a 5% cashback on your initial EMI transaction within the first 90 days.
  2. Reward Points:
    • Earn 3x Reward Points on offline spends of Rs. 150 and 6x Reward Points on online spending.
    • Gain 10x Reward Points for expenditures exceeding Rs. 20,000 per month.
    • Redeem earned Reward Points at a rate of 1 RP = Re. 0.25.
  3. Travel and Lounge Access:
    • Access 4 complimentary railway lounges every quarter (16 per year).
    • No free airport lounge access but suitable for frequent train travelers.
  4. Additional Benefits:
    • Receive roadside assistance four times a year (worth Rs. 1,399).
    • Enjoy a 25% discount on monthly Paytm movie bookings.
    • Avail up to 20% discounts on dining at participating restaurants.
    • Personal accident coverage up to Rs. 2 lakhs and credit liability cover of Rs. 25,000.
    • Customers will enjoy a 1% exemption on fuel surcharge for every fuel transaction, with a maximum limit of Rs. 200 per month.

IDFC First Classic Credit Card:

  1. Welcome Benefits:
    • Obtain a Rs. 500 voucher by spending over Rs. 15,000 within the first 90 days.
    • Earn a 5% cashback on your initial EMI purchase.
  2. Reward Points:
    • Get 6x Reward Points for online spends of Rs. 150 and 3x Reward Points on offline spending.
    • Enjoy 10x Reward Points on your birthday and after monthly spending exceeds Rs. 20,000.
    • Redeem earned Reward Points at a rate of 1 RP = Re. 0.25.
  3. Travel and Lounge Access:
    • Access 4 complimentary railway lounges every quarter (16 per year).
  4. Additional Benefits:
    • Personal accident cover worth Rs. 2 lakhs and zero credit liability cover up to Rs. 25,000.
    • Receive a 1% discount on fuel transactions with a maximum cap of Rs. 200 each month.
    • Enjoy a 25% discount on monthly Paytm movie bookings.
    • Avail up to a 20% discount on dining at participating restaurants.

Comparison between IDFC First Millennia and IDFC First Classic Credit Card

IDFC First Millennia Credit Card:

  1. Annual Fee: Nil
  2. Rewards Rate:
    • 3 Reward Points (RPs) on every offline spend of Rs. 150.
    • 6 RPs on every online spend of Rs. 150.
    • 10x RPs on spends beyond Rs. 20,000 per month.
  3. Reward Redemption:
    • Earned reward points redeemable against various products and options.
    • Redemption rate: 1 RP = Re. 0.25.
    • Redeeming rewards incurs a fee of Rs. 99, along with applicable taxes and a convenience charge.
  4. Movie & Dining Benefits:
    • 25% discount (up to Rs. 100) on movie bookings via Paytm.
    • Up to 20% off on dining at partnered restaurants.
  5. Insurance Benefits:
    • Personal accident cover worth Rs. 2 lakhs.
    • Credit liability cover worth Rs. 25,000.

IDFC First Classic Credit Card:

  1. Annual Fee: Nil
  2. Rewards Rate:
    • 3 RPs on every Rs. 150 for offline purchases.
    • 6 RPs on every online spend of Rs. 150.
    • 10 RPs on spends beyond Rs. 20,000 per month.
  3. Reward Redemption:
    • Earned reward points can be redeemed against various products and options.
    • Redemption rate: 1 RP = Re. 0.25.
  4. Movie & Dining Benefits:
    • 25% discount (up to Rs. 100) on movie bookings via Paytm.
    • Up to 20% off on dining at partnered restaurants.
  5. Insurance Benefits:
    • Personal accident cover worth Rs. 2 lakhs.
    • Credit liability cover worth Rs. 25,000.

Which credit card suits you best?

  1. The features of the IDFC First Millennia and Classic Credit Card are identical, as evident in the provided table.
  2. The primary distinction lies in the credit limits and eligibility criteria for both cards.
  3. To verify this, it is recommended to reach out to IDFC First Credit Card customer care.
  4. Inquire about the eligibility requirements for both cards to ensure accurate information.
  5. Additionally, ask about the credit limit ranges offered for each card; if there’s a difference, opt for the one with a higher credit limit.
  6. Despite being free for life, both cards provide noteworthy rewards and benefits.
  7. Choose the card that aligns with your specific requirements, as either option would be a favorable selection.

Frequently Asked Questions (FAQs)

1. What are the key differences between IDFC First Millennia and IDFC First Classic Credit Card?

The main differences lie in the credit limits and eligibility criteria for each card.

2. Are the features entirely the same for both IDFC First Millennia and Classic Credit Card?

Yes, the features are identical, as highlighted in the provided table.

3. How can I confirm the eligibility requirements for these credit cards?

It is recommended to contact IDFC First Credit Card customer care to inquire about the eligibility criteria for both cards.

4. What should I consider when choosing between IDFC First Millennia and Classic Credit Card?

Consider the credit limit ranges offered with both cards; if there’s a variance, opt for the one with a higher credit limit.

5. Do both cards come with lifetime free benefits?

Yes, both IDFC First Millennia and Classic Credit Card offer lifetime free benefits.

6. Are there any additional rewards or benefits associated with these credit cards?

Despite being free for life, both cards offer great rewards and benefits.

7. Can I apply for both IDFC First Millennia and Classic Credit Card simultaneously?

Yes, you can apply for both cards, but eligibility criteria and credit limits may vary.

8. How can I apply for IDFC First Millennia or Classic Credit Card?

You can apply online through the official IDFC First website or visit a nearby branch for assistance.

9. Is there an annual fee for either of these credit cards?

No, both IDFC First Millennia and Classic Credit Card are free for life.

10. Can I upgrade or downgrade my credit card from Millennia to Classic or vice versa?

Contact IDFC First customer care to inquire about any possibilities or procedures regarding card upgrades or downgrades.

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