Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
IDFC FIRST Select Credit Card vs HDFC Millennia Credit Card for ₹100,000 Monthly Spend
Comparing IDFC FIRST Select Credit Card vs HDFC Millennia Credit Card at ₹100,000/month. HDFC Millennia Credit Card wins, delivering ₹15,840 net annual value (1.32% ROI) vs ₹7,920 for IDFC FIRST Select Credit Card.
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₹1,00,000(₹12,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,00,000/mo+ ₹7,920/yr Higher Value
HDFC Millennia Credit Card
Delivers ₹15,840 net annual returns (1.32% ROI) vs ₹7,920 on IDFC FIRST Select Credit Card.
Card A
IDFC FIRST Select Credit Card
IDFC FIRST Bank
₹7,920Net Annual Benefit
Gross Rewards:₹7,920/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:0.66%
Card B
HDFC Millennia Credit Card
HDFC Bank
₹15,840Net Annual Benefit
Gross Rewards:₹15,840/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.32%
Fee Waiver Progress (1L target):100%
⚠️ Hits monthly cashback caps: -₹21,000/yr lost
2-Card Optimization HackMaximize Trapped / Capped Spend
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Routes excluded categories:Amazon, Flipkart & Myntra Shopping (Excess Spends)Swiggy, Zomato & Dining Out (Excess Spends)Blinkit, Zepto, Instamart & Supermarkets (Excess Spends)Flights, Hotels & IRCTC Trains (Excess Spends)
Detailed 12-Category Rupee Breakdown (@ ₹1,00,000/mo)
| Spend Category | Monthly Spend | IDFC FIRST Select Credit Card | HDFC Millennia Credit Card |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹25,000/mo | ₹250 (1%) | ₹400 (Capped) |
| Scan & Pay Merchant UPI | ₹15,000/mo | ₹75 (0.5%) | ₹150 (1%) |
| Electricity, Water, Gas & Broadband Bills | ₹12,000/mo | ₹60 (0.5%) | ₹120 (1%) |
| Swiggy, Zomato & Dining Out | ₹12,000/mo | ₹120 (1%) | ₹240 (Capped) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹10,000/mo | ₹50 (0.5%) | ₹200 (Capped) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver up to ₹300/month on transactions between ₹200 and ₹5,000 | ₹8,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹8,000/mo | ₹80 (1%) | ₹160 (Capped) |
| LIC, Health & Term Insurance Premiums | ₹5,000/mo | ₹25 (0.5%) | ₹50 (1%) |
| House Rent & School/College Fees1% fee + 18% GST applies to rent payments; zero reward points earned | ₹5,000/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex Spends | ₹0/mo | ₹0 (1%) | ₹0 (1%) |
| Gold, Silver & Jewelry Purchases | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Income Tax, GST & Challan Payments | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹12,00,000/yr | +₹7,920 | +₹15,840 |
Frequently Asked Questions
Which card is better between IDFC FIRST Select Credit Card and HDFC Millennia Credit Card for ₹100,000/month?▼
At ₹100,000/month (₹1,200,000/year), HDFC Millennia Credit Card mathematically outperforms IDFC FIRST Select Credit Card by ₹7,920/year. HDFC Millennia Credit Card delivers ₹15,840 net annual benefit (1.32% effective yield), while IDFC FIRST Select Credit Card returns ₹7,920 (0.66% effective yield).
Will the annual fee be waived at ₹100,000 monthly spend?▼
On an annual spend of ₹1,200,000: IDFC FIRST Select Credit Card annual fee is waived (₹0). HDFC Millennia Credit Card annual fee is waived (₹0).
How do reward caps impact the earnings on both cards?▼
At this spend tier, IDFC FIRST Select Credit Card loses ₹0/year to monthly cashback caps, while HDFC Millennia Credit Card loses ₹21,000/year. IDFC FIRST Select Credit Card remains uncapped at this spend. Capped categories on HDFC Millennia Credit Card: Amazon, Flipkart & Myntra Shopping, Swiggy, Zomato & Dining Out, Blinkit, Zepto, Instamart & Supermarkets, Flights, Hotels & IRCTC Trains.
What is the breakeven monthly spend between IDFC FIRST Select Credit Card and HDFC Millennia Credit Card?▼
The calculated crossover breakeven spend is ₹5,000/month, where higher-fee benefits overtake the lower-fee option.