Equitas Bank PowerMiles vs IDFC FIRST Millennia Credit Card Compared
Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 27 October 2026.
| Feature |  Equitas Bank PowerMiles Credit CardEquitas Small Finance Bank |  IDFC FIRST Millennia Credit CardIDFC First Bank7 recent changes → | |
|---|---|---|---|
| Rewards by spend | |||
| Rewards | Rewards not published | 0.38% base, up to 1.25% on dining | |
| UPI payments (scan and pay)same | Earns nothing | Earns nothing | |
| Online shopping | Not stated | 0.38% | |
| Dining and food delivery | Not stated | 1.25% | |
| Groceries | Not stated | 0.38% | |
| Travel: flights, hotels, trains | Not stated | 1.25% | |
| Fuel | Not stated | Earns nothing | |
| Bills and recharges | Not stated | 0.13% | |
| Rent | Not stated | 0.38% | |
| Insurance premiums | Not stated | 0.38% | |
| School and college fees | Not stated | 0.38% | |
| Wallet top-ups | Not stated | 0.38% | |
| Taxes and government paymentssame | Not stated | Not stated | |
| Spend abroad or in a foreign currency | Not stated | Earns nothing | |
| Everything else | Not stated | 0.38% | |
| Card identity | |||
| Card type | Travel | Dining | |
| Network | - | Visa | |
| Card tier | - | Entry | |
| Fees | |||
| Joining fee | Rs 5,000 | Free | |
| Annual fee | Rs 5,000 | Free | |
| Lifetime free | No | Yes | |
| Fee waived at | ₹4,80,000 | - | |
| Eligibility | |||
| Min age | 22 years | - | |
| Max age | 60 years | - | |
| Employment type | - | BOTH | |
| Min monthly salary | ₹1,50,000 | ₹25,000 | |
| Rewards | |||
| Reward typesame | Reward points | Reward points | |
| Point value | - | ₹0 | |
| Fuel surcharge | |||
| Fuel surcharge waiver | No | Yes | |
| Lounge access | |||
| Domestic lounge visits | 8 | 0 | |
| International lounge visits | 4 | 0 | |
| Railway lounge visits | - | 16 | |
| Lounge condition | - | Spend Rs 20,000 in the previous month for lounge access | |
| Forex and international | |||
| Forex markup | 2% | None | |
| UPI rewards | |||
| Works on UPI | - | No | |
| Interest and charges | |||
| Interest rate (monthly) | - | 0.71% | |
| Interest rate (annual) | - | 8.52% | |
| Redemption | |||
| Redemption fee | - | ₹99 | |
| Page content | |||
| Documents needed | - | PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph | |
| Apply | Apply Now | Apply Now | |
Best For
- People who travel abroad a few times a year
- Frequent flyers who want lounges without a spend target
- UPI users who want a travel card
- First-time card users
- Young earners
- UPI payment users
- People who want no annual fee
Watch-Outs
- ₹5,000 fee is steep for an entry into travel cards
- Fee waiver needs Rs 4.8 lakh of yearly spend
- Flat 3 points per Rs 100 with no boosted categories
- Base earning is only about 0.38%
- Low earning on utility bills
- No airport lounge access
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Questions People Ask
Which has the lower annual fee, Equitas Bank PowerMiles Credit Card or IDFC FIRST Millennia Credit Card?
IDFC FIRST Millennia Credit Card. IDFC FIRST Millennia Credit Card: no annual fee; Equitas Bank PowerMiles Credit Card: ₹5,000. Check whether a spend-based waiver applies before you decide.
Which is better for spending abroad?
IDFC FIRST Millennia Credit Card has the lowest forex markup. IDFC FIRST Millennia Credit Card: 0%; Equitas Bank PowerMiles Credit Card: 2%. The markup is charged on every foreign-currency transaction, before GST.
Which gives airport lounge access?
Equitas Bank PowerMiles Credit Card: 8 domestic lounge visits a year; IDFC FIRST Millennia Credit Card: no complimentary lounge visits. Some cards need a minimum spend in the quarter before a visit counts, so check the lounge terms.
Which is easier to get?
By stated minimum monthly income: IDFC FIRST Millennia Credit Card ₹25,000, Equitas Bank PowerMiles Credit Card ₹1,50,000. Banks also weigh your credit score and existing relationship, so meeting the income is not a guarantee.
Can I hold more than one of these cards?
Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.
Work Out the Numbers
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Guides in Plain Words
Short reads that explain how it works before you decide.
- GuidesBest Credit Cards Under ₹1,000 a Year in India (2026)Credit cards with an annual fee of ₹1,000 or less (before GST) in 2026, ranked by the reward rate each bank states, with fee waivers.Read the guide →
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