M16S / IDFC First Bank / IDFC FIRST Millennia Credit Card
entry · rewards, lifetime-free
IDFC FIRST Millennia Credit Card
The IDFC FIRST Millennia Credit Card charges no annual fee and no joining fee. Its base return is 0.38% (3X = 3 points per Rs 200 on eligible spends). The forex markup is 0%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.38%
- Forex markup
- 0%
- Interest
- 3.85%a month
What changed on this card
- IDFC FIRST keeps reward points on international spends, Sep 2026
IDFC FIRST credit cards have zero forex markup from 9 September 2026 and still earn reward points on international spends. The bank dropped its planned 26 October cut in a later letter.
- IDFC FIRST Bank introduces zero forex markup, Sep 2026
From 9 Sep 2026 all IDFC FIRST Bank credit cards carry zero forex markup on international transactions. The notice cites savings of up to 3.5%. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank makes reward points expire after 24 months, Jun 2026
Reward points earned from the July 2026 statement cycle are valid for 24 months from the credit date. The existing balance as of the July 2026 statement cycle stays redeemable until July 2028. Earlier notices on these cards described points as never expiring. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank caps rewards at credit limit per cycle, Jun 2026
From 18 Jun 2026 reward points are earned on spends up to the credit limit per billing cycle. Spends above that earn no points. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank pays 10X from first dining and travel spend, Jun 2026
From 18 Jun 2026 dining, travel and international purchases earn 10X from the first eligible transaction, with no Rs 20,000 minimum spend. All other categories earn 3X; insurance, utilities, railways and FASTag earn 1X. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank raises rewards base to Rs 200 per point, Jan 2026
From 18 Jan 2026 the earning base moves from Rs 150 to Rs 200 per reward point. 10X is 10 points per Rs 200 and 3X is 3 points per Rs 200. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank withholds rewards if minimum due missed, Jan 2026
From 18 Jan 2026 a cycle earns no reward points if the Minimum Amount Due is not paid by the due date. Points already credited for that cycle are reversed. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank limits FASTag and railway rewards, Jan 2026
From 18 Jan 2026 FASTag recharges and railway spends earn 1X (1 point per Rs 200). A 1% fee applies on FASTag recharges above Rs 10,000 in a billing cycle and on railway spends above Rs 25,000 in a billing cycle. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank adds 1% utility fee above Rs 20,000, May 2024
From 1 May 2024 a 1% fee applies to utility spends once aggregate utility spends exceed Rs 20,000 in a billing cycle. Utility spends keep earning 1X. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank sets Rs 249 minimum rent fee, May 2024
From 1 May 2024 the 1% rent and property management fee stays but carries a minimum of Rs 249 per transaction. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
- IDFC FIRST Bank cuts online rewards to 3X up to Rs 20,000, May 2024
From 1 May 2024, reward points on online spends up to Rs 20,000 in a statement cycle are revised to 3X (3 points per Rs 150). Education, wallet load and government spends earn 3X and stop counting toward the 10X threshold. Wealth and Select earn 10X on online and offline spends above Rs 20,000; Millennia keeps 10X on incremental spends above Rs 20,000 per month. Source: IDFC FIRST Bank, idfcfirst.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Lifetime free. Optional FIRST Digital RuPay (UPI) add-on card costs Rs 199 + GST joining and Rs 199 + GST a year from year 2. Add-on card Rs 499 + GST. |
Rewards
| Welcome benefit | Rs 500 gift voucher on Rs 5,000 spend within 30 days (primary card; UPI, wallet, EMI and cash excluded); 5% cashback up to Rs 1,000 on first EMI within 30 days |
|---|---|
| Reward currency | Reward Points |
| Base earn | 3X = 3 points per Rs 200 on eligible spends |
| Base return | 0.38% |
| Point value | 1 point = Rs 0.25 |
| Accelerated earn | 10X (10 points per Rs 200) on dining, travel, international spends and on spends made on your birthday. Via IDFC FIRST app travel bookings: 20% bonus points on hotels, 10% on flights. |
| Caps | 1X only (1 point per Rs 200) on utilities, insurance, railways and FASTag. UPI spends earn up to 3X. |
| Spends that earn nothing | Fuel, EMI transactions, cash withdrawals, fees and charges earn nothing. 10X excludes rent and property management, government, education, wallet loads, utilities, insurance, railways, FASTag |
| Points expiry | 24 months from credit (for points earned from the July 2026 statement cycle; earlier points did not expire) |
| Reward notes | Rs 99 + GST per redemption. base_return_pct = 3 points per Rs 200 x Rs 0.25 = 0.375%; 10X categories = 1.25%; 1X categories = 0.125%. The old Rs 20,000-per-cycle threshold for 10X has gone; 10X is now category-based. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Lounge conditions | Railway lounges: 4 per quarter, needs Rs 20,000 spend in the calendar month to unlock the next month |
| Forex markup | 0% |
| Fuel surcharge waiver | 1% on Rs 200-5,000 txns, cap Rs 200 per month |
| Other freebies | 25% off up to Rs 100 on movie tickets via District once a month (needs one transaction in the previous month). Roadside assistance worth Rs 1,399, 4 times a year; personal accident cover Rs 2 lakh; lost card liability Rs 25,000. |
Charges and eligibility
| Interest per month | 3.85% |
|---|---|
| Late payment feeunverified | 15% of total amount due, min Rs 100, max Rs 1,300 |
| Cash advance fee | Rs 199 + GST per withdrawal; interest-free up to 45 days; max Rs 10,000 per withdrawal |
| Eligibility | Annual income Rs 3 lakh or more |
| Fine-print notes | APR 8.5% to 46.2% a year by profile (0.71% to 3.85% a month); the monthly figure given is the maximum. Bank-wide rules read on issuer pages: points earned only on spends up to the credit limit per billing cycle (from 18 Jun 2026); points for a cycle are forfeited if the minimum amount due is not paid by the due date; Rs 99 + GST fee per reward redemption; over-limit fee 2.5% of over-limit amount, min Rs 550. |
Questions
- What is the annual fee of the IDFC FIRST Millennia Credit Card?
- No annual fee.
- Does the IDFC FIRST Millennia Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the IDFC FIRST Millennia Credit Card?
- 0% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IDFC FIRST Millennia Credit Card?
- Fuel, EMI transactions, cash withdrawals, fees and charges earn nothing. 10X excludes rent and property management, government, education, wallet loads, utilities, insurance, railways, FASTag