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Lifetime freeBeginner friendly

IDFC FIRST Millennia Credit Card Review

IDFC FIRST Millennia is best for young professionals who want a no-fee card with zero forex markup. Lifetime free.

Annual feeLifetime free
Fee waiverNot needed
Top reward rate0.38%
Forex markup0%
NetworkVisa
More from IDFC FIRST BankAll IDFC FIRST Bank cards
Min. income₹25,000/mo
Visit IDFC FIRST Bank website Calculate my rewards

Pros

  • 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

  • Low base reward rate after the January 2026 cut

Reward rate by category

Effective value back per ₹100 spent. Reward points valued at ₹0.25 each; since January 2026 points are earned per ₹200 (was ₹150). Points never expire.

Amazon0.38%
Flipkart0.38%
Other online shopping0.38%
Food delivery0.38%
Dining out0.38%
Groceries0.38%
Flights & hotels0.38%
Fuel0%
Bills & recharges0.13%
Everything else0.38%

Caps, tiers & milestones

  • 10X points (1.25%) on monthly spends above ₹20,000

How much could you earn?

Estimated yearly value after fees and caps for typical spending patterns.

Balanced spender
₹3,96,000/yr spend
₹1,995
Online shopper
₹3,90,000/yr spend
₹2,505
Frequent traveller
₹8,04,000/yr spend
₹6,195
Family & groceries
₹5,88,000/yr spend
₹3,690

Use my own spends

Lounge access

Railway lounge access

Recent changes to this card

  1. Improvement IDFC FIRST Bank

    IDFC FIRST: reward points continue on international spends

    The planned 26 October 2026 withdrawal of reward points on international transactions is cancelled. Cards keep zero forex markup and earn reward points or cashback on international spends as per their features.

    IDFC FIRST Millennia · IDFC FIRST Wealth · IDFC FIRST Select · Source

  2. Improvement IDFC FIRST Bank

    IDFC FIRST: zero forex markup on all credit cards

    All existing and new IDFC FIRST credit cards charge no forex markup from 9 September 2026. The bank initially said most cards would stop earning points on international spends from 26 October 2026, but withdrew that; its 17 September press release says rewards continue.

    IDFC FIRST Millennia · IDFC FIRST Wealth · Source

  3. Devaluation IDFC FIRST Bank

    IDFC FIRST: reward earn basis moved to ₹200

    Lifetime free cards earn points per ₹200 instead of ₹150. Lounge access needs ₹20,000 monthly spend.

    IDFC FIRST Millennia · IDFC FIRST Wealth · Source

See all credit card changes →

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Similar credit cards

HDFC Bank Millennia Credit Card

CashbackShoppingBeginner friendly
Annual fee₹1,000 + GST
RewardsUp to 5%
Forex markup3.5%
  • 5% cashback on 10 merchants: Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato
  • 1% cashback on other spends
  • ₹1,000 gift voucher every quarter you spend ₹1 lakh
View details

IDFC FIRST Millennia FAQs

What is the annual fee of the IDFC FIRST Millennia credit card?

The IDFC FIRST Millennia credit card is lifetime free, with no joining or annual fee.

Is IDFC FIRST Millennia a good credit card?

The IDFC FIRST Millennia card is best for: young professionals who want a no-fee card with zero forex markup. Its main strengths are: lifetime free; zero forex markup on international spends (from september 2026). Its main drawback: low base reward rate after the january 2026 cut.

What is the forex markup on IDFC FIRST Millennia?

The IDFC FIRST Millennia card charges a 0% forex markup on international transactions.

Does IDFC FIRST Millennia offer airport lounge access?

Yes: Railway lounge access. Banks often attach spend conditions to lounge access, so check the latest terms.

✓ Details verified 28 September 2026Minimum income: ₹25,000 a month (salaried), reported by comparison sites. Sources: IDFC FIRST Bank press release (via The Wire/PTI): zero forex, rewards continue · IDFC FIRST Bank: Millennia · CardExpress 2026 changelog. Banks change terms often, so confirm on the IDFC FIRST Bank website before applying.
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