HSBC RuPay Platinum 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: 11 October 2026.
| Feature |  HSBC RuPay Platinum Credit CardHSBC India1 recent change → |  IDFC FIRST Millennia Credit CardIDFC First Bank7 recent changes → | |
|---|---|---|---|
| Rewards by spend | |||
| Rewards | 1.33% on most spends; 8% only at partner merchants | 0.38% base, up to 1.25% on dining | |
| UPI payments (scan and pay) | 1.33% | Earns nothing | |
| Online shopping | 1.33% | 0.38% | |
| Dining and food delivery | 1.33% | 1.25% | |
| Groceries | 1.33% | 0.38% | |
| Travel: flights, hotels, trains | 1.33%; 8% only at HSBC Travel with Points · hotels; 5.33% only at HSBC Travel with Points · flights | 1.25% | |
| Fuelsame | Earns nothing | Earns nothing | |
| Bills and recharges | Earns nothing | 0.13% | |
| Rent | Earns nothing | 0.38% | |
| Insurance premiums | Earns nothing | 0.38% | |
| School and college fees | Earns nothing | 0.38% | |
| Wallet top-ups | Earns nothing | 0.38% | |
| Taxes and government payments | Earns nothing | Not stated | |
| Spend abroad or in a foreign currency | 1.33% | Earns nothing | |
| Everything else | 1.33% | 0.38% | |
| Card identity | |||
| Card type | Travel | Dining | |
| Network | RuPay | Visa | |
| Card tiersame | Entry | Entry | |
| Fees | |||
| Joining feesame | Free | Free | |
| Annual feesame | Free | Free | |
| Lifetime freesame | Yes | Yes | |
| Eligibility | |||
| Min age | 18 years | - | |
| Max age | 65 years | - | |
| Employment typesame | BOTH | BOTH | |
| Min monthly salary | ₹50,000 | ₹25,000 | |
| Rewards | |||
| Reward typesame | Reward points | Reward points | |
| Point value | ₹1 | ₹0 | |
| Fuel surcharge | |||
| Fuel surcharge waiver | No | Yes | |
| Fuel waiver cap | ₹250 | - | |
| Lounge access | |||
| Domestic lounge visits | - | 0 | |
| International lounge visits | - | 0 | |
| Railway lounge visits | - | 16 | |
| Lounge condition | - | Spend Rs 20,000 in the previous month for lounge access | |
| Forex and international | |||
| Forex markup | 3.5% | None | |
| UPI rewards | |||
| Works on UPI | Yes | No | |
| Interest and charges | |||
| Interest rate (monthly) | 3.75% | 0.71% | |
| Interest rate (annual) | 45% | 8.52% | |
| Redemption | |||
| Redemption fee | - | ₹99 | |
| Page content | |||
| Documents needed | PAN card Aadhaar / address proof Income proof (salary slips or ITR) | 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 | |
Worth in Rupees at ₹20,000 a Month
- Rewards a year
- ₹3,192
- Fee a year
- ₹0
- You keep
- ₹3,192
- Rewards a year
- ₹1,440
- Fee a year
- ₹0
- You keep
- ₹1,440
At this spend, HSBC RuPay Platinum Credit Card comes out ₹1,752 a year ahead of IDFC FIRST Millennia Credit Card. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.
Best For
- Travel only at HSBC Travel with Points · hotels: 8% back, up to ₹18,000 a month
- Travel only at HSBC Travel with Points · flights: 5.33% back, up to ₹18,000 a month
- Anyone who wants no annual fee, ever
- First-time card users
- Young earners
- UPI payment users
- People who want no annual fee
Watch-Outs
- Skip it if most of your spending is fuel, utility bills, rent or insurance: those earn nothing on this card
- Skip it if you rarely spend on HSBC Travel with Points · hotels: the 8% rate applies only there, everything else earns 1.33%
- Skip it if you often pay in foreign currency: 3.5% is added to every foreign spend
- Skip it if you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward
- Base earning is only about 0.38%
- Low earning on utility bills
- No airport lounge access
Card data sourced via CardAdvisor.in (HSBC RuPay Platinum Credit Card, IDFC FIRST Millennia Credit Card), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Questions People Ask
Which has the lower annual fee, HSBC RuPay Platinum Credit Card or IDFC FIRST Millennia Credit Card?
They charge the same annual fee. HSBC RuPay Platinum Credit Card: no annual fee; IDFC FIRST Millennia Credit Card: no annual fee.
Which is better for spending abroad?
IDFC FIRST Millennia Credit Card has the lowest forex markup. IDFC FIRST Millennia Credit Card: 0%; HSBC RuPay Platinum Credit Card: 3.5%. The markup is charged on every foreign-currency transaction, before GST.
Which earns more on everyday spending?
On spends outside any bonus category: HSBC RuPay Platinum Credit Card 1.33%, IDFC FIRST Millennia Credit Card 0.38%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.
Which is easier to get?
By stated minimum monthly income: IDFC FIRST Millennia Credit Card ₹25,000, HSBC RuPay Platinum Credit Card ₹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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