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IDFC FIRST Millennia Credit Card VS BOBCARD Premier 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

IDFC FIRST Millennia Credit Card
IDFC FIRST Millennia Credit Card
BOBCARD Premier Credit Card
BOBCARD Premier Credit Card

Fees & Charges

Joining Fee
Nil
₹1,000 + GST
Renewal Fee
Nil
₹1,000 + GST
Spend Based Waiver
Not Applicable (Lifetime Free Card)
Joining fee waived for ₹10,000 spend in 60 days; renewal fee waived for ₹1.2 Lakh annual spend.
Foreign Transaction Fees
3.5% of the total transaction value.
3.5% on the transaction amount.
Interest Rate (APR)
Variable rates ranging from 8.5% to 46.2% per annum (0.75% to 3.5% per month).
3.75% per month (45% per annum).

Rewards & Benefits

Welcome Bonus
₹500 gift voucher on ₹5,000 spend, 5% EMI cashback, and up to ₹200 UPI cashback offer.
500 bonus reward points (worth ₹125) on spending ₹5,000 or more within 60 days of card issuance.
Rewards Rate
10X points on spends above ₹20,000 and birthdays; 3X on other spends (1X = 1 pt per ₹200).
Earn 10 RP per ₹100 on Travel, Dining & International Spends; 2 RP per ₹100 on other eligible categories.
Reward Type
Reward Points
Reward Points
Reward Redemption Fee
₹99 + GST per redemption request.
Nil

Travel & Lifestyle

Domestic Lounge Access
4 complimentary railway lounge visits per quarter (subject to monthly spend of ₹20,000).
1 complimentary access per quarter, subject to ₹20,000 spend in preceding quarter from Jan 2025.
International Lounge Access
Not Applicable
Not Applicable
Travel Benefits
Bonus rewards on travel: 33% extra points for hotels and 13% for flight bookings via bank app.
Earn 10 RP per ₹100 on travel spends, plus complimentary domestic lounge access and travel deals.
Movie Benefits
25% discount up to ₹100 on movie tickets via District by Zomato mobile app, once per month.
Not Applicable
Dining Benefits
Up to 20% discount at 1,500+ partnered restaurants and 15% off at 3,000+ health outlets.
Earn 5X Rewards (10 RP per ₹100) on dining spends + access to mouthwatering culinary offers.
Golf Benefits
Not Applicable
Not Applicable
Fuel Surcharge Waiver
1% waiver for transactions between ₹200 and ₹5,000 (max ₹200 per cycle).
1% waiver on fuel (₹400-₹5,000 transactions), max ₹250 waiver per statement cycle.

Security & Other

Insurance Benefits
₹2,00,000 Personal Accident Cover and ₹25,000 Lost Card Liability Cover included.
Free Personal Accidental Death Cover: ₹50 Lakhs for air travel, ₹10 Lakhs for non-air.
Cash Advance Charges
₹199 + GST per transaction; interest-free for up to 48 days.
2.5% of the transaction amount or ₹500, whichever is higher.
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

IDFC FIRST Millennia Credit Card

BOBCARD Premier Credit Card

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.

Who is it for?

The BOBCARD Premier Credit Card is ideal for frequent travelers and diners, offering accelerated 5X reward points on these categories and international spends. It includes complimentary domestic airport lounge access and fuel surcharge waivers, providing significant value. Currently available as lifetime free, it’s a competitive choice for those seeking premium travel perks without a hefty annual fee, supported by personal accidental death cover and UPI linkage for convenience.

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.

Pros

Key benefits and features.

This BOBCARD Premier is currently available as a lifetime free credit card.

Enjoy 10 Reward Points per ₹100 on travel, dining, and international spends.

Receive complimentary domestic airport lounge access once every calendar quarter.

Utilize diverse BOBCARD Credit Card offers, enhancing overall savings and value.

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.

Cons

Key drawbacks and limitations.

The 3.5% foreign currency markup can significantly reduce benefits for heavy international spenders.

Accelerated 5X Reward Points on categories are capped at 2,000 points per statement cycle.

From Jan 2025, lounge access is conditional on meeting a minimum spend of ₹20,000 per quarter.

Ready to Choose?

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