HSBC TravelOne 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 TravelOne Credit CardHSBC India4 recent changes → |  IDFC FIRST Millennia Credit CardIDFC First Bank7 recent changes → | |
|---|---|---|---|
| Rewards by spend | |||
| Rewards | 2% base, up to 4% on foreign spends; 24% only at partner merchants | 0.38% base, up to 1.25% on dining | |
| UPI payments (scan and pay)same | Earns nothing | Earns nothing | |
| Online shopping | 2% | 0.38% | |
| Dining and food delivery | 2% | 1.25% | |
| Groceries | 2% | 0.38% | |
| Travel: flights, hotels, trains | 2%; 24% only at HSBC Travel with Points · hotels; 16% only at HSBC Travel with Points · flights; 4% only at Flights · travel aggregators | 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 | 4% | Earns nothing | |
| Everything else | 2% | 0.38% | |
| Card identity | |||
| Card type | Travel | Dining | |
| Network | Mastercard | Visa | |
| Card tier | Premium | Entry | |
| Fees | |||
| Joining fee | ₹4,999 + GST | Free | |
| Annual fee | ₹4,999 + GST | Free | |
| Lifetime free | No | Yes | |
| Fee waived at | ₹8,00,000 | - | |
| Eligibility | |||
| Min age | 18 years | - | |
| Max age | 65 years | - | |
| Employment type | - | BOTH | |
| Min monthly salary | ₹50,000 | ₹25,000 | |
| Rewards | |||
| Reward type | Air miles | Reward points | |
| Point value | ₹1 | ₹0 | |
| Fuel surcharge | |||
| Fuel surcharge waiver | No | Yes | |
| Lounge access | |||
| Domestic lounge visits | 6 | 0 | |
| International lounge visits | 4 | 0 | |
| Railway lounge visits | - | 16 | |
| Lounge condition | 6 domestic + 4 international airport lounge visits a year | Spend Rs 20,000 in the previous month for lounge access | |
| Forex and international | |||
| Forex markup | 3.5% | None | |
| 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 / 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
- ₹6,000
- Fee a year
- - ₹5,899
- You keep
- ₹101
- Rewards a year
- ₹1,440
- Fee a year
- ₹0
- You keep
- ₹1,440
At this spend, IDFC FIRST Millennia Credit Card comes out ₹1,339 a year ahead of HSBC TravelOne 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
- Frequent flyers
- People who book hotels online
- High spenders who can clear Rs 8 lakh
- First-time card users
- Young earners
- UPI payment users
- People who want no annual fee
Watch-Outs
- 3.5% forex fee eats into the 4X on foreign spends
- No points on utilities, fuel, insurance, rent or wallets
- Portal bonus capped at 18,000 points a month
- ₹8 lakh waiver is a high bar
- Base earning is only about 0.38%
- Low earning on utility bills
- No airport lounge access
Card data sourced via CardAdvisor.in (HSBC TravelOne 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 TravelOne Credit Card or IDFC FIRST Millennia Credit Card?
IDFC FIRST Millennia Credit Card. IDFC FIRST Millennia Credit Card: no annual fee; HSBC TravelOne Credit Card: ₹4,999. 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%; HSBC TravelOne 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 TravelOne Credit Card 2%, 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 gives airport lounge access?
HSBC TravelOne Credit Card: 6 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, HSBC TravelOne 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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