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Is the IDFC FIRST Millennia Credit Card Worth It?

Enter what you spend where this card pays more, and the benefits you would use. See what it is worth to you in rupees, after its fee.

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IDFC FIRST Millennia Credit Card
IDFC FIRST Millennia Credit CardView card →
  • Dining card
  • Needs ₹25,000 a month income
  • No annual fee
  • 0.38% base, up to 1.25% on dining
  • Some lounge visits a year
  • Pays in reward points
Good for
  • dining: 1.25% back
  • travel: 1.25% back
  • anyone who wants no annual fee, ever
  • flyers: some airport lounge visits a year
  • spending abroad: 0% markup, most cards add 3.5%
Skip it if
  • most of your spending is fuel: those earn nothing on this card
  • you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
  • you spend a lot on government payments: the card's terms do not state a rate there, so we count nothing
  • you rarely spend on dining, travel or foreign spends: the 1.25% rate applies only there, everything else earns 0.38%
  • you sometimes pay only the minimum due: interest of 0.71% a month (8.52% a year) outweighs any reward

Your spend a month, by kind

Terms on the normal rate: 3 RP per ₹200 (~0.375%) on all other spends, online & offline (the 6X-online accelerator was cut to 3X on 1 May 2024); points expire 24 months, capped to credit limit per cycle

Total on the card: ₹0 a month

Abroad and benefits

Every rate on this card, and what your spend earns

Earns nothing onFuelEMICash withdrawals

Spend categoryRateMonthly capWhere it appliesYour spend earns
UPI payments (scan and pay)Earns nothing-a Visa or Mastercard card cannot pay by UPI-
Online shopping0.38%No capThe card's normal rate-
Dining and food delivery1.25%No capAll merchants in the categoryTerms: 10 RP per ₹200 (~1.25%) on dining-
Groceries0.38%No capThe card's normal rate-
Travel: flights, hotels, trains1.25%No capAll merchants in the categoryTerms: 10 RP per ₹200 (~1.25%) on travel-
FuelEarns nothing-earns nothing on this card-
Bills and recharges0.13%No capAll merchants in the categoryTerms: 1 RP per ₹200 (~0.125%) on utilities, insurance, FASTag & railway; no rewards on fuel, EMI or cash-
Rent0.38%No capThe card's normal rate-
Insurance premiums0.38%No capThe card's normal rate-
School and college fees0.38%No capThe card's normal rate-
Wallet top-ups0.38%No capThe card's normal rate-
Taxes and government paymentsNot stated-the card's terms state no rate here; many cards pay nothing on these-
Spend abroad or in a foreign currency1.25%No capAll merchants in the categoryTerms: 10 RP per ₹200 (~1.25%) on international spends, with no forex markup (nil in IDFC's KFS dated 15 Sep 2026)-
Everything else0.38%No capThe card's normal rate-

Common Questions

When is a credit card worth its annual fee?

When the rewards you actually earn in a year are more than the fee plus 18% GST, or when you spend enough for the bank to waive the fee. This calculator works out both from the card's own published terms.

Why is GST added to the fee?

Card fees carry 18% GST, so a ₹1,000 fee costs ₹1,180. Where the bank already quotes the fee with GST, it is not added twice.

What does 'capped' mean?

Many cards limit the reward you can earn in a month in a category. Spending above the cap earns nothing extra, so the calculator stops counting there.

Is a lifetime free card always better?

Not always. A paid card with higher rewards can leave you with more once you spend enough. The break-even line shows the monthly spend where that starts.

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