The IDFC FIRST Millennia Credit Card is one of the top lifetime-free (LTF) credit cards available in India today. With its well-designed reward system and practical lifestyle benefits, it’s a wise choice for everyday users. On the other hand, the Axis Bank My Zone Credit Card, an entry-level card with a low annual fee of ₹500 + GST, is equally popular for its strong entertainment perks. Although their core features differ, both are often compared for their value-packed offerings.
Reward Structure Comparison
The IDFC Millennia card features a spend-based tiered rewards system. You earn one reward point per ₹150 spent on utility and insurance, 3X points on all eligible spends up to ₹20,000 per month, and 10X points on spends exceeding that amount. These points can be redeemed across various categories, with 1 RP valued at ₹0.25.
The Axis My Zone card offers a flat 4 EDGE Points per ₹200 spent on all eligible purchases. Though simpler, its reward rate is lower, and the redemption value of 1 EDGE Point = ₹0.20, with redemption options focused on vouchers and partner platforms.
| Particulars | IDFC First Millennia | Axis My Zone |
| Rewards Accrual | 1 Reward Point/₹150 Spent for Utility and Insurance3X RPs for All Other Eligible Spends Till ₹20,00010X RPs After ₹20,000 Threshold is Achieved | 4 EDGE Points/₹200 Spent on All Eligible Categories |
| Rewards Redemption | Redeem the Reward Points Against Various Categories & Products. (1 RP= ₹0.25) | Redeem the Reward Points for Shopping/Travel Vouchers (1 EDGE Point = ₹0.20) |
Other Lifestyle Benefits
The IDFC Millennia offers a 25% discount on one movie ticket (up to ₹100) per month via the District app. Axis My Zone takes it a step further with a BOGO offer on movie ticket bookings, also through the District app.
For dining, IDFC offers 20% off at 1,500+ restaurants across India. Axis My Zone gives 15% off at partner restaurants and ₹120 off on Swiggy food orders, appealing to those who regularly order in.
The IDFC Millennia card offers four complimentary railway lounge visits per quarter, making it ideal for people who regularly commute by rail. Axis My Zone, meanwhile, provides one complimentary domestic airport lounge access per quarter, totaling 4 per year.
| Particulars | IDFC First Millennia | Axis My Zone |
| Movie Offers | 25% Discount on Movie Tickets (Up to ₹100) on the District app, Once a Month | BOGO Offers on Movie Ticket Bookings Via District App |
| Dining Benefits | 20% Off at 1500+ Restaurants Across India | 15% Off on Partner Restaurants and Flat ₹120 Off on Food Orders with Swiggy |
| OTT Memberships | N/A | Free SonyLiv Subscription Worth ₹1,499; Renewed on Spending ₹1.5 Lakh in a Year |
| EMI Transactions Offers | Cashback of 5% (Up to ₹1,000)on First EMI Transaction if done within the first month of card issuance | N/A |
| Lounge Access | Complimentary Visits to Railway Lounges Up to 4 Times per Quarter | 1 Complimentary Lounge Access Every Quarter (4 Each Year) |
Bottom Line
While the Axis My Zone Credit Card brings decent entertainment perks to the table, it simply doesn’t match the overall value of the IDFC FIRST Millennia Credit Card. With its lifetime-free structure, tiered reward system, railway lounge access, and EMI cashback offers, the IDFC Millennia clearly stands out as the more rewarding and practical option for everyday users.
Axis My Zone became a compelling choice when it was offered as a lifetime-free card for a limited time. However, with the annual fee of ₹500 now reinstated, its value proposition has decreased. Unless you’re specifically looking for OTT perks and movie deals, the IDFC Millennia is the smarter long-term option for most users.
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