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IDFC FIRST Wealth vs IDFC FIRST Millennia: Which Card Is Better?

A side-by-side comparison of IDFC FIRST Wealth and IDFC FIRST Millennia credit cards: fees, reward rates by category, caps, forex markup, lounge access, and which one earns more for different kinds of spenders.

Verdict

IDFC FIRST Wealth earns more in 7 of the 7 spending profiles we tested. Choose IDFC FIRST Wealth for high spenders who want premium perks without a fee. Choose IDFC FIRST Millennia for young professionals who want a no-fee card with zero forex markup.

Spending profileIDFC FIRST WealthIDFC FIRST MillenniaWinner
Balanced spender₹1,995₹1,995IDFC FIRST Wealth (+₹0)
Online shopper₹2,505₹2,505IDFC FIRST Wealth (+₹0)
Frequent traveller₹5,745₹5,745IDFC FIRST Wealth (+₹0)
Family & groceries₹3,690₹3,690IDFC FIRST Wealth (+₹0)
Foodie₹2,730₹2,730IDFC FIRST Wealth (+₹0)
Daily commuter₹878₹878IDFC FIRST Wealth (+₹0)
High spender₹17,520₹17,520IDFC FIRST Wealth (+₹0)

Estimated yearly value after caps, fees (with GST) and forex costs. Try your own spends →

IDFC FIRST Wealth vs IDFC FIRST Millennia: full comparison

FeatureIDFC FIRST WealthIDFC FIRST Millennia
Card
IDFC FIRST WealthIDFC FIRST Bank
IDFC FIRST MillenniaIDFC FIRST Bank
Annual feeFreeFree
Joining feeFreeFree
Fee waiverNo fee to waiveNo fee to waive
NetworkVisaVisa
Amazon rewards0.38%0.38%
Flipkart rewards0.38%0.38%
Other online shopping rewards0.38%0.38%
Food delivery rewards0.38%0.38%
Dining out rewards0.38%0.38%
Groceries rewards0.38%0.38%
Flights & hotels rewards0.38%0.38%
Fuel rewards0%0%
Bills & recharges rewards0.13%0.13%
Everything else rewards0.38%0.38%
Forex markup0%0%
Lounge accessDomestic and international lounge access with ₹20,000 monthly spendRailway lounge access
Reward caps10X points (1.25%) on monthly spends above ₹20,00010X points (1.25%) on monthly spends above ₹20,000
Est. yearly value: balanced spender₹1,995₹1,995
Est. yearly value: online shopper₹2,505₹2,505
Est. yearly value: frequent traveller₹5,745₹5,745
Est. yearly value: family & groceries₹3,690₹3,690
Best forHigh spenders who want premium perks without a feeYoung professionals who want a no-fee card with zero forex markup
Pros
  • Lifetime free premium card
  • Zero forex markup on international spends (from September 2026)
  • 10X reward points on spends above ₹20,000 a month
  • Reward points never expire
  • Lifetime free
  • Zero forex markup on international spends (from September 2026)
  • 10X reward points on spends above ₹20,000 a month
  • Reward points never expire
Cons
  • Reward earn rate cut by 25% in January 2026
  • International spends expected to stop earning points on most IDFC cards from October 2026
  • Lounge access needs ₹20,000 monthly spend
  • Low base reward rate after the January 2026 cut
  • International spends expected to stop earning points from October 2026
Visit IDFC FIRST BankVisit IDFC FIRST Bank

FAQs

Which is better, IDFC FIRST Wealth or IDFC FIRST Millennia?

IDFC FIRST Wealth comes out ahead in 7 of 7 spending profiles we tested. Choose IDFC FIRST Wealth if you want a card for high spenders who want premium perks without a fee. Choose IDFC FIRST Millennia if you want a card for young professionals who want a no-fee card with zero forex markup.

What is the difference in annual fee between IDFC FIRST Wealth and IDFC FIRST Millennia?

IDFC FIRST Wealth: Lifetime free (no fee to waive). IDFC FIRST Millennia: Lifetime free (no fee to waive).

Which card has a lower forex markup?

Both cards charge 0%.

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