When it comes to credit cards for youngsters, people mostly look for one of these two cards: HDFC Bank Millennia Credit Card & IDFC First Millennia Credit Card, as both as targeted at young individuals. The IDFC First Millennia card can earn you up to 10 Reward Points on every Rs. 100 you spend and on the other hand, the HDFC Millennia credit card can earn you cash back on all your purchases. Such benefits make it really difficult for individuals to decide which one should they get. If you are also confused between these two and don’t know how you can choose the one that best suits your needs, you can go through this full article as we have compared the two cards on the basis of every single benefit they provide. So, it will be easier for you to go with the one that fulfills your requirements.

IDFC First Millennia Credit Card vs HDFC Bank Millennia Credit Card

Before comparing the two, let us discuss all the benefits of both of these cards separately:

HDFC Bank Millennia Credit Card

Issued by the most popular private sector bank, the HDFC Bank Millennia Credit Card comes with all its benefits targeted at young individuals. Along with a cashback of up to 5% (in the form of CashPoints) on all transactions, it comes with several benefits over different categories, including travel, dining, welcome bonus, fuel, etc. Following are the key points mentioned all its features in detail:

  • As a welcome benefit, you get 1,000 bonus Cash Points after successful realization of the joining fee.
  • This card rewards its customers in the form of CashPoints, i.e, the cashback is earned in the form of CashPoints.
  • You get a cashback of 5% every time you make a purchase on Amazon, BookMyShow, Cult. fit, Myntra, Flipkart, Sony LIV, Tata Cliq, Zomato, Swiggy, and Uber. The maximum points under this category are capped at 1,000 CashPoints per month.
  • You get a cashback of 1% on all other online as well as offline purchases, and even on fuel transactions (maximum points capped at 1,000 CashPoints per month).
  • The earned cashback can be redeemed against cashback, product catalog, flight/hotel bookings, and Airmiles at a value of up to 1 CP = Re. 1. The reward redemption fee of Rs. 99 is charged on every redemption request.
  • Get a 20% discount on dining with the complimentary Dineout Passport membership for the first three months after card activation.
  • You get 8 complimentary domestic lounge access every year capped at 2 visits per quarter.
  • You get a 1% fuel surcharge waiver for all fuel transactions with the maximum benefit capped at Rs. 250 per statement cycle.
  • You can get the annual fee waived off if you spend Rs. 1 lakh or more in the previous year.

IDFC First Millennia Credit Card

The IDFC First Millennia Credit Card is a lifetime-free credit card that is specifically made for young individuals. It comes with an exclusive rewards program offering its customers up to 10 Reward Points on every Rs. 100 they spend. Other than this, it also provides you with other exciting benefits on dining, movies, travel, and several more categories. Following is a list of its key features & benefits:

  • As a welcome benefit, you get a cashback of 5% on EMI transactions that are made within the first 90 days of card issuance.
  • With this card, you get 10 Reward Points on every Rs. 100 you spend on your birthday.
  • You get 6 Reward Points on every Rs. 100 you spend on online transactions worth Rs. 20,000 or more.
  • You get 3 Reward Points on every Rs. 100 you spend on offline transactions worth Rs. 20,000 or more.
  • You get 1 Reward Point on every other spend of Rs. 100.
  • You can redeem your earned reward points via internet banking at a rate of 1 RP = Re. 0.25.
  • The interest rates for this card start from 0.75% per month, which is incredibly low.
  • You can avail of a discount of up to 20% on dining at over 1,500 participating restaurants across the country.
  • You get a discount of 25% (up to Rs. 100) on movie tickets on BookMyShow. This offer can be availed once every month.
  • With this card, you can enjoy 4 complimentary Railyway lounge access every quarter.
  • You also get insurance benefits with this card, which include a personal accident cover worth Rs. 2 lakhs and a lost card liability cover worth Rs. 25,000.
  • You get a 1% fuel surcharge waiver at all fuel stations with the maximum waiver capped at Rs. 200 per month.

Comparison Between HDFC Millennia & IDFC First Millennia Credit Card

Benefits HDFC Bank Millennia Credit Card IDFC First Millennia Credit Card
Annual Fee Rs. 1,000(plus applicable taxes) Nil
Interest Rate 3.6% per month 0.75% to 2.99% per month
Welcome Benefits 1,000 CashPoints
  • Earn a 5% cashback on EMI transactions done within the first 90 days.
  • Get a gift voucher worth Rs. 500 on spending Rs. 15,000 or more within the first 90 days.
Rewards/Cashback
  • 5% cashback Amazon, Flipkart, Myntra, TataCliq, Swiggy, Zomato, Uber, etc.
  • 1% cashback on all other online & offline spends.
  • CashPoints you earn using this card expire after 2 years.
  • Get 1 Reward Point on every Rs. 100 you spend.
  • 3x Reward Points on all offline purchases worth Rs. 20,000 or more.
  • 6x Reward Points on all online spends worth Rs. 20,000 or more.
  • 10x Reward Points on all spends on your birthday.
  • Reward Points you earn with this card never expire.
Reward Redemption
  • For redemption against cashback, 1 CashPoint = Re. 1.
  • For redemption against product catalog, 1 CP = Re. 0.30.
  • For redemption against flight/hotel bookings, 1 CP = Re. 0.30.
  • For redemption against Airmiles, 1 CP = 0.30 AirMile.
1 Reward Point = Re. 0.25 for redemption against various categories & products.
Dining Benefits You get complimentary Dineout Passport membership for 3 months with up to a 20% discount on dining. You can enjoy up to a 20% discount on dining at more than 1,500 participating restaurants in India.
Movie Benefits NA Get a 25% discount on movie ticket bookings on BookMyShow once every month. The maximum discount is capped at Rs. 100 per ticket.
Travel Benefits
  • You get 2 complimentary domestic lounge access every quarter.
  • You get 2 complimentary international lounge access every quarter (with the diners club variant only).
You get 4 complimentary domestic Railway lounge access every quarter.
Insurance Benefits NA
  • Personal accident cover worth Rs. 2 lakhs.
  • Zero liability protection cover worth Rs. 25,000.
Fuel Surcharge Waiver You get a 1% fuel surcharge waiver with a maximum benefit of Rs. 250 per month. You get a 1% fuel surcharge waiver capped at Rs. 200 per month.
Annual Fee Waiver The annual membership fee is waived off if you spend Rs. 1 lakh or more in a year. NA

Bottom Line

Both, HDFC Millennia Credit Card & IDFC First Millennia Credit Card, have their own benefits and the best option for you totally depends on your requirements. On one hand, IDFC First Millennia can be considered a better option for those who are looking for a zero annual fee credit card, but on the other hand, it doesn’t provide any air travel benefits. Similarly, the HDFC Millennia credit card doesn’t provide any entertainment benefits but provides airport lounge access and IDFC First Millennia Credit card provides movie benefits but not airport lounge access. So, you must analyze your needs carefully before going with any one of these two.

If you are someone who is looking for a card that provides a decent number of benefits with minimal charges, you should go with the HDFC First Millennia Credit card as it doesn’t only come with a zero annual fee but also charges a low interest of 0.75% to 2.99% only. But, if you are ready to pay an annual fee of Rs. 1,000 and want to have a credit card with airport lounge access and cashback offers, you must choose HDFC Bank Millennia Credit Card as you can also make it lifetime free by enabling SmartPay, One Assist, or Balance Transfer and renew it every year. So, just make sure to understand your needs and then compare both cards and choose the one that meets your expectations. If you are still left with any doubts in your mind, you can freely ask us in the comment section below. We will be more than happy to help you!

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