Skip to main content

ICICI Bank Platinum Chip Credit Card VS IDFC FIRST Millennia Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.

Features

ICICI Bank Platinum Chip Credit Card
ICICI Bank Platinum Chip Credit Card
IDFC FIRST Millennia Credit Card
IDFC FIRST Millennia Credit Card

Fees & Charges

Joining Fee
Nil
Nil
Renewal Fee
Nil
Nil
Spend Based Waiver
Not Applicable
Not Applicable (Lifetime Free Card)
Foreign Transaction Fees
3.5%
3.5% of the total transaction value.
Interest Rate (APR)
3.75% per month (45% p.a.) on overdue & ATM cash.
Variable rates ranging from 8.5% to 46.2% per annum (0.75% to 3.5% per month).

Rewards & Benefits

Welcome Bonus
Not Applicable
₹500 gift voucher on ₹5,000 spend, 5% EMI cashback, and up to ₹200 UPI cashback offer.
Rewards Rate
Earn 2 RP for ₹100 retail, 1 RP for ₹100 utility/insurance. Up to 12x RP on iShop.
10X points on spends above ₹20,000 and birthdays; 3X on other spends (1X = 1 pt per ₹200).
Reward Type
Reward Points
Reward Points
Reward Redemption Fee
₹99 + GST per redemption request.
₹99 + GST per redemption request.

Travel & Lifestyle

Domestic Lounge Access
Not Applicable
4 complimentary railway lounge visits per quarter (subject to monthly spend of ₹20,000).
International Lounge Access
Not Applicable
Not Applicable
Travel Benefits
Not Applicable
Bonus rewards on travel: 33% extra points for hotels and 13% for flight bookings via bank app.
Movie Benefits
Not Applicable
25% discount up to ₹100 on movie tickets via District by Zomato mobile app, once per month.
Dining Benefits
Avail up to 15% discount on dining through the ICICI Bank Culinary Treats Programme across 2500+ restaurants in India.
Up to 20% discount at 1,500+ partnered restaurants and 15% off at 3,000+ health outlets.
Golf Benefits
Not Applicable
Not Applicable
Fuel Surcharge Waiver
1% waiver on ₹400-₹4,000 transactions at HPCL pumps.
1% waiver for transactions between ₹200 and ₹5,000 (max ₹200 per cycle).

Security & Other

Insurance Benefits
Not Applicable
₹2,00,000 Personal Accident Cover and ₹25,000 Lost Card Liability Cover included.
Cash Advance Charges
Higher of ₹500 or 2.5% of the amount withdrawn.
₹199 + GST per transaction; interest-free for up to 48 days.
Apply Now(opens in new tab)
Apply Now(opens in new tab)
Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

ICICI Bank Platinum Chip Credit Card

IDFC FIRST Millennia Credit Card

Who is it for?

The Platinum Chip Credit Card from ICICI Bank is a cost-free option with zero joining and annual fees. It provides excellent opportunities to earn reward points on most purchases, which can be redeemed for various options including cashback. Cardholders benefit from a 1% fuel surcharge waiver at HPCL pumps and exclusive dining discounts, making it ideal for everyday spends and lifestyle perks while offering robust security features.

Who is it for?

The First Millennia Credit Card by IDFC FIRST Bank is a premium lifetime-free entry-level card designed for young professionals. It offers a unique reward system where points never expire, alongside exclusive perks like railway lounge access, movie discounts, and low interest rates starting from 8.5% p.a.

Pros

Key benefits and features.

Enjoy the freedom of a credit card with absolutely no joining or annual fees.

Benefit from earning reward points on a wide range of retail and utility spends.

Access exclusive dining discounts up to 15% via the Culinary Treats Programme.

Get a valuable 1% fuel surcharge waiver on transactions at HPCL petrol pumps.

Enhanced transaction security with embedded microchip and PIN verification for purchases.

Pros

Key benefits and features.

Enjoy the benefit of a lifetime-free card with no joining or annual fees ever.

Earn reward points that never expire, ensuring you never lose the value you have earned.

Access complimentary railway lounges 4 times per quarter at major stations across India.

Benefit from exceptionally low interest rates starting from just 8.5% per annum.

Comprehensive protection with personal accident insurance and 24/7 roadside assistance.

Cons

Key drawbacks and limitations.

A redemption fee of ₹99 + GST is charged for each reward point redemption request.

A significant 3.5% foreign currency markup applies to all international transactions.

High interest rates of 3.75% per month are applicable on overdue amounts.

The Platinum Chip Credit Card does not offer any specific welcome benefits.

Cash advance transactions incur charges which are quite substantial.

Cons

Key drawbacks and limitations.

The card lacks complimentary domestic and international airport lounge access for travelers.

A reward redemption fee of ₹99 plus GST is charged for every redemption transaction made.

High monthly spending of over ₹20,000 is required to unlock the 10X reward point benefit.

Essential spending categories like fuel and EMI transactions do not earn any reward points.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.