The HDFC Millennia Credit Card is designed for the digital-savvy generation, offering cashback on a wide range of online and offline transactions. This card provides substantial benefits for those who frequently shop on popular online platforms such as Amazon, Flipkart, and Myntra, making it an excellent choice for maximizing cashback rewards.
- HDFC Millennia Credit Card Overview
- Welcome Benefits for HDFC Millennia Credit Card
- Fees and Charges for HDFC Millennia Credit Card
- Membership Benefits of HDFC Millennia Credit Card
- Rewards from HDFC Millennia Credit Card
- Milestone Benefits of HDFC Millennia Credit Card
- Redemption of HDFC Millennia Credit Card Points
- Airport Lounge Access with HDFC Millennia Credit Card
- Eligibility Criteria for HDFC Millennia Credit Card
- HDFC Millennia Credit Card Review
- Cards Similar to HDFC Millennia Credit Card
- Quick Links
- FAQ
HDFC Millennia Credit Card Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | Up to 5% cashback on popular online merchants |
| Reward Value | 1 CashPoint = ₹1 (redeemable against statement balance) |
| Annual Fee | ₹1,000 + GST (waived on spending ₹1 lakh annually) |
| Unique Selling Points | High cashback rates, no reward points expiry, wide acceptance |
| Rating (out of 5) | 4.8 |
Welcome Benefits for HDFC Millennia Credit Card
| Welcome Benefit | Details |
|---|---|
| Bonus CashPoints | 1,000 CashPoints upon payment of the joining fee |
| Additional Benefits | ₹1,000 worth gift vouchers on spending ₹1,00,000 in a calendar quarter |
Fees and Charges for HDFC Millennia Credit Card
| Fee Type | Charges |
|---|---|
| Joining Fee | ₹1,000 + GST |
| Annual Fee | ₹1,000 + GST (waived on spending ₹1 lakh annually) |
| Finance Charges | 3.6% per month (43.2% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹500) |
| Late Payment Fee | ₹100 to ₹1,300 based on the outstanding balance |
| Rent Payment Fee | 1% +GST (from 2nd payment in a month) |
| Education Payment Fee | 1% +GST (No charges less than 50k) |
| Utility Payment Fee | 1% +GST (No charges less than 50k) |
Membership Benefits of HDFC Millennia Credit Card
This card offers a variety of benefits:
- High Cashback Rates: 5% cashback on Amazon, Flipkart, Myntra, Swiggy, Uber, and other partner merchants.
- Dining Privileges: Up to 20% discount on dining bills via the Swiggy Dineout program.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹5,000, with a maximum waiver of ₹250 per billing cycle.
- Zero Lost Card Liability: Protection against fraudulent transactions if the card is lost or stolen and reported immediately.
Rewards from HDFC Millennia Credit Card
| Spend Category | Reward Rate |
|---|---|
| Amazon, Flipkart, Myntra, etc. | 5% cashback |
| All Other Online Spends | 1% cashback |
| Offline Spends | 1% cashback |
| Reward Value | 1 CashPoint = ₹1 (redeemable against statement balance) |
| Rewards Expire in | No expiry for CashPoints |
Milestone Benefits of HDFC Millennia Credit Card
| Spending Milestone | Reward Earned |
|---|---|
| Quarterly Spend of ₹1 Lakh | ₹1,000 worth gift voucher |
Redemption of HDFC Millennia Credit Card Points
CashPoints earned can be redeemed against the statement balance or for travel bookings and gift vouchers through HDFC’s rewards portal. The redemption rate is 1 CashPoint = ₹1.
Gift Vouchers Available
CashPoints can be used to purchase gift vouchers for a variety of popular brands, including:
- Shopping: Myntra, Amazon, Pantaloons, Levi’s, Lifestyle, Shoppers Stop
- Electronics: Croma, Reliance Digital
- OTA: MakeMyTrip, EaseMyTrip
- Hotels: Oberoi Hotels, Taj Hotels, ITC Hotels
- Cabs: Uber, Ola
Airport Lounge Access with HDFC Millennia Credit Card
| Access Type | Details |
|---|---|
| Domestic Lounges | Lounge access integrated into the quarterly milestone program |
| International Lounges | Not available |
| Add-on Cardholder Benefits | Same as primary cardholder |
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Eligibility Criteria for HDFC Millennia Credit Card
- Age: 21 to 60 years
- Income: Minimum annual income of ₹3 lakh for salaried individuals and ₹4 lakh for self-employed individuals
- Credit Score: Good to excellent credit score
HDFC Millennia Credit Card Review
Editor’s Rating
Summary
The HDFC Millennia Credit Card is a well-rounded option for young professionals and millennials. With high cashback rates on online purchases and SmartBuy transactions, it stands out as a valuable card for everyday use. The welcome benefits, dining offers, and quarterly spend incentives add further appeal. However, the high-interest rates and lack of international lounge access are drawbacks. Overall, it is a solid choice for those who can leverage its rewards structure and meet the spending criteria for fee waivers.
Pros and Cons of HDFC Millennia Credit Card
| Pros | Cons |
|---|---|
| High cashback rates on popular online merchants | Limited international benefits |
| No expiry on earned CashPoints | Cashback credited in the next billing cycle |
| Annual fee waiver on spending ₹1 lakh | No airport transfer benefits |
Cards Similar to HDFC Millennia Credit Card
| Feature | HDFC Millennia Credit Card | Amazon Pay ICICI Credit Card | Flipkart Axis Bank Credit Card |
|---|---|---|---|
| Annual Fee | ₹1,000 + GST | None | ₹500 + GST |
| Cashback Rate | Up to 5% on partner merchants | Up to 5% on Amazon.in | 5% on Flipkart, Myntra |
| Reward Value | 1 CashPoint = ₹1 | 1 Reward Point = ₹1 | 1 point = ₹0.25 |
| Special Benefits | Dining discounts, fuel waiver | Direct cashback to Amazon Pay | High cashback on Flipkart |
Quick Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
- Best Cashback Credit Cards in India
- How to Maximize Credit Card Rewards
- HDFC Bank Credit Cards Overview
For more detailed information about HDFC Bank credit cards and other financial products, you can visit the official HDFC Bank website.
FAQ
What is the annual fee for the HDFC Millennia Credit Card?
The annual fee for the HDFC Millennia Credit Card is ₹1,000 + GST, which is waived if you spend ₹1 lakh or more in a year.
How can I earn cashback with the HDFC Millennia Credit Card?
You can earn up to 5% cashback on Amazon, Flipkart, Myntra, and other partner merchants. Cashback is credited as CashPoints, which can be redeemed against your statement balance.
Does the HDFC Millennia Credit Card offer lounge access?
Yes, it offers complimentary access to domestic lounges but not international lounges.
How can I redeem my Reward Points?
Reward Points can be redeemed through the HDFC Bank Rewards portal for gifts, vouchers, and statement credit.
What is the cashback rate on the HDFC Millennia Credit Card?
The cashback rates are 5% on SmartBuy, 2.5% on online spends, and 1% on other spends.
What is the foreign currency markup fee?
The foreign currency markup fee is 3.5%.
