IDFC FIRST Millennia Credit Card
The IDFC FIRST Millennia Credit Card is a rewarding and lifetime-free credit card offered by IDFC Bank. With this card, you can earn reward points on both online and offline spending. The best part is that these reward points never expire, giving you the flexibility to accumulate them for substantial value-back. If you are a high spender and put a monthly spending of over Rs. 20,000 on the card, you can avail the accelerated earning of 10X points. It’s an excellent entry-level credit card option with a rewarding rewards program that suits various spending needs.
Key Highlights of IDFC FIRST Millennia Credit Card
- Joining fee: Nil.
- Annual fee: Nil.
- EMI conversion facility: Available on transactions above Rs. 2,500.
- Interest Rates (APR): 0.75% to 3.5% per month (9% to 42% per annum).
- Suitable for: Rewards and cashback.
- Minimum Net Monthly Income: Rs. 25,000.
Features and Benefits of IDFC FIRST Millennia Credit Card
Welcome Voucher: Get a ₹500 voucher when you spend ₹15,000 or more within 90 days of getting the card.
First EMI Cashback: Get 5% cashback (up to ₹1000) on your first EMI transaction within 30 days of getting the card.
Movie Ticket Discount: Enjoy a 25% discount (up to ₹100) on movie tickets using the Paytm mobile app once every month.
Railway Lounge Visits: Get 4 free visits to railway lounges every quarter.
Complimentary Roadside Assistance: Avail free roadside assistance worth ₹1,399.
Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver at all fuel stations in India, up to ₹200 per month for transactions between ₹200 and ₹5000.
Merchant Offers: Access 300+ merchant offers throughout the year, including up to 20% discount at 1500+ restaurants and up to 15% discount at 3000+ Health & Wellness outlets.
Insurance Coverage: Benefit from a Personal Accident Cover of ₹2,00,000 and Lost Card Liability Cover of ₹25,000.
Balance Transfer Privilege: Conveniently transfer balances from other bank credit cards.
IDFC FIRST Millennia Credit Card Fees and Charges
No Annual Fee: This credit card does not have any annual fee.
Interest-Free Cash Withdrawals: You can withdraw cash from both domestic and international ATMs without any interest for up to 48 days. There is a Cash Advance Fee of only ₹199 per transaction.
Over-Limit Charges: If you exceed your credit limit, there will be an Over-Limit charge of 2.5% of the over-limit amount, with a minimum charge of ₹500.
Late Payment Fee: If you miss paying your credit card bill on time, you will be charged a Late Payment Fee of 15% of the Total Amount Due, subject to a minimum of ₹100 and a maximum of ₹1250.
Forex Markup: For international transactions, there will be a Forex Markup of 3.5% added to the transaction amount.
IDFC FIRST Millennia Credit Card Eligibility
- Age must be between 21 to 65 years.
- Annual income of Rs 3 Lakhs or more.
- Applicant should have a good credit score.
Documents Required for IDFC FIRST Millennia Credit Card
Address Proof: You can use any of the following documents as address proof – Passport, Aadhaar Card, Voter ID, or Ration Card.
Identity Proof: For identity verification, you can submit any of the following – Passport, Aadhaar Card, or Driving License.
Income Proof: To show your income, you can provide Form 16, Income Tax Returns, or your Salary Slip.
How to apply for IDFC FIRST Millennia Credit Card?
To apply for the IDFC FIRST Millennia Credit Card, you can follow these steps:
Online Application:
a. Visit the IDFC FIRST Bank’s official website on your computer or mobile device.
b. Navigate to the “Credit Cards” section, where you can find various credit card options.
c. Look for the “Millennia Credit Card” and click on it to know more details about the card.
d. Click on the “Apply Now” or “Apply Online” button to start the application process.
e. You will be redirected to the application form, where you need to provide your personal information, contact details, income details, and other required details.
f. Upload the necessary documents, such as identity proof, address proof, income proof, etc., as per the bank’s requirements.
g. Review all the information you provided and submit the application.
Offline Application:
a. Visit the nearest IDFC FIRST Bank branch.
b. Approach a bank representative and express your interest in applying for the IDFC FIRST Millennia Credit Card.
c. The bank representative will guide you through the application process and provide you with the necessary application form.
d. Fill in the required details in the form and submit it along with the supporting documents as per the bank’s requirements.
Frequently Asked Questions (FAQs) –
1. What is the IDFC FIRST Millennia Credit Card?
The IDFC FIRST Millennia Credit Card is a premium credit card offered by IDFC FIRST Bank, designed to cater to the lifestyle and spending needs of the millennial generation. It comes with a range of benefits and features tailored to enhance your overall banking experience.
2. How can I apply for the IDFC FIRST Millennia Credit Card?
You can apply for the IDFC FIRST Millennia Credit Card online through the official website of IDFC FIRST Bank. The application process typically involves filling out an online form and submitting necessary documents. Alternatively, you may visit a branch of IDFC FIRST Bank for assistance.
3. What are the key features of the IDFC FIRST Millennia Credit Card?
The IDFC FIRST Millennia Credit Card offers features such as milestone rewards, accelerated reward points on specific categories, fuel surcharge waiver, and complimentary lounge access. It is also equipped with contactless technology for faster and secure transactions.
4. What are milestone rewards, and how do they work?
Milestone rewards are special benefits or bonuses that you can earn by reaching predefined spending milestones using your IDFC FIRST Millennia Credit Card. These rewards could include cashback, vouchers, or other exclusive offers. The specific milestones and rewards may vary, so it’s advisable to check the terms and conditions.
5. How does the accelerated reward points system work?
The IDFC FIRST Millennia Credit Card often provides accelerated reward points on specific spending categories such as dining, entertainment, and online shopping. This means you earn a higher rate of reward points for every rupee spent in these categories compared to regular spending.
6. Is there an annual fee for the IDFC FIRST Millennia Credit Card?
The annual fee for the IDFC FIRST Millennia Credit Card is generally communicated at the time of application. Some credit cards may have a joining fee or an annual fee, while others may offer a waiver based on spending patterns. It is recommended to review the terms and conditions for the most accurate information.
7. How can I redeem the reward points earned with the IDFC FIRST Millennia Credit Card?
IDFC FIRST Bank usually provides an online platform where you can log in to your credit card account and redeem your reward points for various options, including merchandise, gift vouchers, or even statement credit. The redemption process may vary, so it’s advisable to refer to the bank’s guidelines.
8. Is there a foreign transaction fee for using the IDFC FIRST Millennia Credit Card abroad?
Yes, like many credit cards, the IDFC FIRST Millennia Credit Card may have a foreign transaction fee. This fee is typically a percentage of the transaction amount and is applicable when you make purchases in a currency other than Indian Rupees.
9. What is the contactless technology feature of the IDFC FIRST Millennia Credit Card?
The IDFC FIRST Millennia Credit Card is equipped with contactless technology, allowing you to make secure and convenient payments by simply tapping your card on a contactless-enabled card reader. This feature is designed for faster transactions and enhanced security.
10. How can I contact IDFC FIRST Bank for credit card-related queries?
For credit card-related queries, you can contact the customer service helpline provided on the back of your IDFC FIRST Millennia Credit Card. Additionally, you may visit the official website of IDFC FIRST Bank for online support and information on how to reach their customer service team.