With an annual fee of Rs. 1,000, HDFC Bank's Millennia Credit Card is a basic credit card that caters to Gen-Y, or the millennials and '90s kids. To further meet the needs of this target market, HDFC Bank offers a 5% cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato, as well as 1% cashback on all other online and offline purchases.
You basically receive the benefits of both the Amazon Pay ICICI Credit Card and the Flipkart Axis Credit Card (and much more) in one card because it offers you a 5% reward rate on both Amazon and Flipkart. The cashback earned with the card is processed as CashPoints, which can be redeemed against the statement balance for booking travel or hotel accommodations, or for making purchases from the HDFC product catalog. Additionally, the card offers fantastic gift vouchers for meeting the milestone spend every quarter.
Fees and Charges
- Fees: - Joining/Annual 1000+GST
- Best Suited For: - Shopping
- Reward Type: - Reward Points
- Rewards Redemption Fees: - Every redemption request costs Rs. 99 (plus any applicable taxes).
- Welcome Benefits: - Enjoy 1,000 CashPoints as a Welcome Reward.
- Interest Rates: - 3.6% per month (43.2% annually)
- Spend Based Waiver: - If the cardholder spent Rs. 1 Lakh or more in the previous year, the renewal fee waived off.
- Fuel Surcharge: - The maximum CashBack is Rs. 250 every payment cycle. There is a 1% fuel charges, which is waived if you spend at least Rs. 400 in a single transaction.
- Foreign Currency Markup: - 3.5% of the total transaction value (plus applicable taxes)
- Cash Advance Charges: - 2.5% (Min. Rs. 500) of the withdrawn amount.
- Add-on Card Fee: - Nil
Reward and Benefits
- Movie & Dining: - Up to 20% off at selected restaurants with free Swiggy Dining out.
- Rewards Rate: - 1% cashback (as CashPoints) on all other purchases (excluding fuel, rentals, and government-related transactions) and 5% cashback (as CashPoints) at a limited number of partner online retailers.
- Rewards Redemption: - Rewards are processed as CashPoints; 1 CP is equal to Rs. 1 when redeemed against a credit card statement balance and Rs. 0.30 when redeemed against merchandise, product coupons, and airline or hotel reservations.
- Travel: - 4 complimentary visits every year to airport lounges, 1 per quarter.
- Domestic Lounge Access: - 1 quarterly access to the domestic airport lounge (4 yearly).
- International Lounge Access: - N/A
- Insurance Benefits: - N/A
- Golf: - N/A
- Zero Liability Protection: - Zero liability for credit cardholders in the event of fraudulent transactions following their disclosure to the bank of loss or theft of the card.
Product Details
- After card setup, you will receive 1,000 CashPoints as a welcome bonus (subject to realization of the joining fees).
- If you spend Rs. 1 Lakh or more in a quarter, you can receive a gift card of Rs. 1000.
- 5% cashback from selected partner online retailers, such as well-known e-commerce sites like Flipkart and Amazon.
- 1% reward on all other purchases, excluding that related to government, rent, and fuel.
- Up to 20% off at partner restaurants by using Swiggy Dineout.
- There are 4 free lounge access per year at Indian domestic airports.
- Waiving of the renewal charge if you spent Rs. 1 Lakh the year before.
Pros/Cons
Pros
- Receive up to 5% cashback on partner retailers, including Uber, Swiggy, Amazon, Zomato, and Myntra.
- Get complimentary access to 4 domestic airport lounges.
- Waiver of renewal fees upon spending 1 lakh rupees during the card anniversary year.
Cons
- You only get 1% cashback from non-partner merchants on purchases made both offline and online.
- You can earn 1000 Cashpoints at the regular 1x rate as well as to the 1000 Cashpoints that are capped per statement cycle for accelerated Cashpoints.
- To redeem against the balance on your card statement, you must have at least 500 Cashpoints.
HDFC Bank Millennia Credit Card Cashback and Reward Points
- a 5% cashback on partner online retailers, including Swiggy, Tata CLiQ, Uber, Zomato, BookMyShow, Flipkart, Myntra, Sony LIV, and Amazon.
- 1% cashback on all other purchases made both online and offline (including EMI, wallet purchases, gift card loads, and prepaid card purchases).
- A maximum of 2,000 CashPoints can be earned in a single statement cycle for the CashPoints earned under the 5% and 1% categories, which have a 1,000 CashPoint cap each statement cycle.
Redemption of Reward Points and Cashback:
CashPoints' value on redemption:
- Product Catalog: - Rs. 0.30
- Hotels & Flights on Smartbuy: - Rs. 0.30
- Cashback: - Rs. 1.00
- Airmiles: - Rs. 0.30 AirMiles
- To redeem CashPoints against the balance on the card statement, a minimum of 500 CashPoints must be earned.
- CashPoints are only valid for 2 years after that, after when they expire.
- A fee of Rs. 99 must be paid for each redemption request that you submit.
Cashpoints cannot be earned in the following spend categories:
- Fuel Spends.
- Payments for rent and government-related transactions Cash advance.
- The payment of other fees and card fees
- Dial an EMI transaction or Smart EMI
HDFC Bank Millennia Credit Card Features and Benefits
Welcome Benefits:
After the joining fee is successfully realized, cardholders will receive 1,000 bonus CashPoints as part of their welcome offer.
Free Access to Airport Lounges:
Benefits of Dining:
- Up to a 20% discount when using Swiggy Dineout at partner restaurants.
Benefit of Quarterly Spending:
- With this offer, you can earn Rs. 4,000 in gift cards per year while spending Rs. 4 lakhs, which will waive your yearly fee. You can receive gift vouchers worth Rs. 1,000 on purchases of Rs. 1 lakh or more each quarter.
Fuel Surcharge Deduction:
- At every petrol pump in India, 1% of the fuel surcharge is waived with a minimum payment of Rs. 400 (the waiver amount is capped at a maximum of Rs. 250 each payment cycle).
Waiver of Renewal Fee:
- The annually charge on this credit card is Rs. 1,000, but it may be waived if the cardholder spends more than Rs. 1,00,000 during the year of the anniversary.
Interest-Free Credit Period:
- according to when the merchant submits the charge, you may be eligible for an interest-free credit term of about 50 days from the date of purchase on the credit card.
Who Is Suitable to Apply for an HDFC Bank Millennia Credit Card?
Eligibility Criteria for the HDFC Bank Millennium Credit Card
| Criteria | Salaried Employees | Self-Employed Individuals |
|---|---|---|
| Age | 21 – 40 Years | 21 – 40 Years |
| Income | Minimum ₹35,000 Per Month |
Minimum ₹6,00,000 Per Annum (As Per ITR) |
Review of the HDFC Bank Millennia Credit Card
FAQs:
Is the HDFC Bank Millennia Credit Card lifetime free?
The HDFC Millennia Card can be made lifetime free by enabling SmartPay, One Assist, General Insurance, or Balance Transfer on your card, even if there is an annual cost of Rs. 1,000.
How Can I Apply for a HDFC Millennia Credit Card?
To apply for the HDFC Millenia Credit Card, just follow these easy steps: Click the Apply Now button on this page. You will be taken to the HDFC credit card application page, where you must complete a form in order to submit your application..
What is the process to redeem HDFC Millennia CashPoints?
The HDFC Millennia Credit Card CashPoints can be exchanged for anything from the HDFC product catalog, cashback (adjusted against the card's statement balance), or hotel and/or travel reservations.
What is the HDFC Millennia Credit Card's limit?
Your income and a variety of other factors, such as your credit score, are taken into account when determining your credit limit.
Can I use my HDFC Millennia credit card to make cash withdrawals?
Yes, you can use your HDFC Millennia Credit Card to make cash withdrawals from ATMs. The maximum amount you can withdraw is Rs. 500, and the cash withdrawal fee is 2.5% of that amount.
Using this credit card, how many domestic lounge visits am I allowed?
As long as they spend at least Rs. 1 lakh every quarter, cardholders will receive 4 complimentary visits per year to domestic lounges, up to a maximum of 1 visit per quarter.
How do you get in touch with customer service for the HDFC Millennia Credit Card?
Calls to HDFC's toll-free helpline, 1800 266 4332, are accepted 24 hours a day, 7 days a week, from 8 a.m. to 8 p.m. Alternatively, you can email customerservices.cards@hdfcbank.com with your question or grievance.
If I misplace my HDFC Millennia credit card, what should I do?
You should notify the bank as soon as possible by phoning their helpline number, 1800 266 4332, if you ever misplace or have your HDFC Millennium Credit Card stolen.
HDFC Bank Millennia Credit Card
Rating: 4.9/5
HDFC MillenniaCredit Card
