Verified by CardAgent admin · last checked 08 Jul 2026
IDFC First Bank

IDFC FIRST Millennia

24
Ranked #144 of 170 in credit
creditVisaEntry-Mid

IDFC First's lifetime-free rewards card for young earners, recently made MORE generous on its core 10X reward mechanic (spend threshold removed Jun 2026) even as its points-expiry policy was tightened from lifetime to 24 months — a genuine mixed update rather than a pure devaluation.

Score breakdown

Data completeness: 95% · Last verified: 09 Jul 2026

Reward value7/100 · weight 71%
0.35% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +2.5% score bonus — earns broadly without narrow category restrictions.
Fee efficiency100/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks3/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
Annual fee
Lifetime free
Waiver: Genuinely lifetime free, no conditions
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
online_spendspoints0.75%(3 pts @ ₹0.25)3X points online
dining_offlinepoints0.63%(2.5 pts @ ₹0.25)10 pts/Rs200 = 5%; applies from first transaction as of Jun 2026
online_travel_bookingpoints0.63%(2.5 pts @ ₹0.25)10 pts/Rs200 on travel
all_spendspoints0.19%(0.75 pts @ ₹0.25)3 pts/Rs200 base = 0.75% on other online/offline spends

Welcome offer

Rs500 e-voucher on Rs5,000+ spend within 30 days; 5% cashback (max Rs1,000) on first EMI transaction within 90 days

Milestone benefits

Pros

  • Genuinely lifetime free with a strong, IMPROVED 10X dining/travel/international reward rate (spend threshold removed Jun 2026 — now applies from first transaction)
  • 16 railway lounge visits/year
  • movie discount simplified to no-spend-condition version (unlike sibling premium cards)
  • interest-free ATM cash withdrawal up to 45 days

Cons

  • Points now expire after 24 months (new Jul 2026 rule, was previously lifetime)
  • no airport lounge access
  • low Rs0.25/pt redemption value with Rs99 redemption fee
  • fuel/EMI/insurance transactions earn no or reduced points

What's inside

More benefits

  • Railway lounge access

    300

    4 complimentary railway lounge visits/quarter (16/year); AC seating, WiFi, buffet, unlimited tea/coffee

    Cap ₹4,800 / quarterly. One transaction in preceding month required (per Feb 2025 rule)

  • Movie ticket discount

    100

    25% off (up to Rs100) on one movie ticket/month via District app by Zomato — no spend condition (unlike premium sibling cards)

    Cap ₹1,200 / monthly. One transaction on card in preceding calendar month

  • Dining & wellness discount

    Up to 20% off at 1,500+ restaurants; up to 15% off at 3,000+ health & wellness outlets

    unlimited. Partner merchant visits

Insurance cover

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Eligibility

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Age 21-65 (some sources: 21-35 preferred band); min annual income Rs3L; Indian resident

Small print

Fuel surcharge:1% waiver, capped Rs200/month