Head-to-head · 🇮🇳 India
HDFC Millennia vs IDFC FIRST Wealth
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
IN
HDFC Bank
HDFC Millennia
Wins 4 of 10
IN
Premium
IDFC FIRST Bank
IDFC FIRST Wealth
VISA
Wins 5 of 10
Verdict
IDFC FIRST Wealth wins 5-4. Lifetime-free premium — best zero-fee card in India. HDFC Millennia is still the right call if online shoppers spending ₹15k–50k/month.
Side-by-side
| Criterion | HDFC Millennia | IDFC FIRST Wealth |
|---|---|---|
| Annual fee | · ₹1,000 | No annual fee |
| Joining fee | · ₹1,000 | None |
| Top reward rate | 5% (shopping) | · 3% (general) |
| Base reward rate | · 1% | 3% |
| Forex markup | · 3.5% | 1.5% |
| Welcome bonus | = 1,000 CashPoints on ₹1,000 spend in first 90 days | = 5,000 reward points on first 90-day spend |
| Fee waiver threshold | ₹100,000 / yr | · N/A (no fee) |
| Min income | ₹420,000 | · ₹1,200,000 |
| Min credit score | 750 | · 770 |
| Editorial rating | · 4.6/5 | 4.7/5 |
Benefits compared
HDFC Millennia
- 5% cashback on Amazon, Flipkart, Myntra, Swiggy, Zomato, BookMyShow, Cult.fit, Sony LIV, Tata CLiQ, Uber
- 1% cashback on all other retail spends
- 8 complimentary domestic airport lounge visits per year
- 1% fuel surcharge waiver (₹400 cap/month)
- Up to 20% off on partner restaurants via Smart EMI
IDFC FIRST Wealth
- 3x reward points on online spends (10x on weekends + travel)
- 4 international + 4 domestic lounge visits per quarter
- 1% fuel surcharge waiver
- Low forex markup at 1.5%
- Lifetime free — no annual fee, no fee-waiver math
FAQ
›HDFC Millennia vs IDFC FIRST Wealth: which is better?
IDFC FIRST Wealth wins on more dimensions (5 vs 4). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use HDFC Millennia for online shopping, IDFC FIRST Wealth for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
HDFC Millennia: 1,000 CashPoints on ₹1,000 spend in first 90 days. IDFC FIRST Wealth: 5,000 reward points on first 90-day spend.