moolahgeeks is no longer being updated. Our recommendations may be outdated and should not be relied upon. Learn more

FIRST Millennia Credit Card by IDFC FIRST Bank

by Kshitiz V Sharma on

The Bottom Line

FIRST Millennia Credit Card
Lifetime Free, Average Rewards

6 Reward Points / ₹150 spent online & 3 Reward Points for offline purchases. 10 Reward Points on all spending above ₹20,000 in a month.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield 0.8% 0.8% 0.7% 1.4% 1.5%
Est. Monthly Reward (₹) 35 75 145 680 1,510
All-India Rewards Rank* 52 78 118 67 48
Within Bank Rank* 3 3 3 3 3
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The FIRST Millennia Credit Card gives 1% effective rewards on all online purchases and 0.5% on all offline spending, for the first ₹20,000 spent in a month.

However, this card gets a lot better if you spend more than ₹20,000 in a month. All spending in excess of this amount each month earns a flat 1.67% reward, resulting in a net reward yield of nearly 1.6%, if you charge more than ₹1 lacs in a month.

We estimate this card can earn you a net reward yield of 0.7-1.5% depending on the level of your monthly spending.

The FIRST Wealth Credit Card is the best credit card for most IDFC FIRST Bank customers.

For the first ₹30,000 spent in a month, this card gives effective rewards of 1.5% for all online purchases while offline spending earns 0.75%, for an average net reward yield of 1.1%.

However, in a manner similar to the FIRST Millennia, this card also becomes attractive if you spend more than ₹30,000 in a month.

All spending in excess of this amount each month earns a flat 2.50% reward, resulting in a net reward yield of almost 2.5% if you charge more than ₹1 lacs in a month.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.


The Rewards

Card FIRST Millennia Credit Card
Card Type Reward
Reward Features – 6 Reward Points / ₹150 spent online

– 3 Reward Points / ₹150 spent offline

– 10 Reward Points / ₹150 on all spends above ₹20,000 each month

Milestone Rewards Nil
Other Rewards – 4 complimentary Railway Lounge visits / Qtr.

– 25% off on movie tickets up to ₹100 on Paytm Mobile App (Once per Month)

– Up to 20% discount at 1500+ restaurants

– Up to 15% discount at 3000+ Health & Wellness outlets

Rewards Redemption Fee ₹99
Reward Caps Unlimited
Preferred Redemption Method Redeem for shopping vouchers @ 0.25 / reward point


Fees & Charges

Card FIRST Millennia Credit Card
Joining Fee Nil
Annual Fee Nil
Min. Annual Credit Card Spend
for Fee Waiver
N/A
Income Criteria Salaried ₹3 Lacs
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 42.00%
Foreign Currency Markup 3.50%
Cash Advance Charge ₹199 / transaction

Rate this article

Comments are closed.

Questions? Suggestions? See a mistake? Write to us!

E-mail

More in Credit Cards

How much

How much are International Airline Miles worth in India?

by Kshitiz V Sharma on

Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.

RBL Bank Play Credit Card

RBL Bank Play Credit Card

by Kshitiz V Sharma on

2 Free Movie / Stream / Play / Events / Sports / Activities tickets up to ₹250 each and ₹100 off on F&B Spends on BookMyShow tickets.

RBL Bank Platinum Bonus Supercard

RBL Bank EasySaver SuperCard

by Kshitiz V Sharma on

8 reward points / ₹400 on bill payments & education and 1 point on all other spends. Fuel surcharge waiver of up to ₹100 per month.