HDFC Bank offers the HDFC Bank Millennia Credit Card, which targets the children of the 90s or millennials. The HDFC Millennia Card is available in four variants: Visa, Mastercard, Diners Club, and RuPay. Being a primary credit card, it comes with an annual fee of INR 1,000 (plus taxes).
Keeping their target customers in mind, HDFC Bank provides 5% cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato, and 1% cashback on all other online and offline spends. The cashback is accumulated as cash points, which can be redeemed against flight/hotel bookings or for purchasing products from the HDFC Bank product catalog. Additionally, the card offers fantastic gift vouchers on fulfilling milestone spends every quarter. It also provides up to 20% discount on dining and fuel surcharge waiver. Cardholders can also enjoy the benefit of a waiver on card renewal fee along with attractive welcome benefits.
In addition to cashback, cardholders also receive complimentary access to domestic airport lounges in India. To learn more about the card, its features, fees, and charges, and other details, continue reading our HDFC Bank Millennia Credit Card review.
- Joining Fee- Rs. 1,000 (plus applicable taxes)
- Renewal Fee- Rs. 1,000 (plus taxes).
- Best Suited For- Shopping
- Reward Type- Reward Points
- Welcome Benefits- 1,000 CashPoints as a Welcome Benefit.
Rewards and Benefits
- Movie & Dining- Up to 20% discount at partner restaurants with complimentary Swiggy Dineout
- Rewards Rate- 5% cashback (as CashPoints) at select partner online merchants and 1% cashback (as CashPoints) on all other spends (except fuel, rental, and govt. related transactions)
- Reward Redemption- Rewards processed as CashPoints, 1 CP = Re. 1 while redeeming against statement balance of credit card and 1 CP = Rs. 0.30 while redeeming against products and vouchers in the product catalogue, and against flight/hotel booking.
- Travel- 8 Complimentary airport lounge access every year, 2 per quarter
- Golf- N/A
- Domestic Lounge Access- 2 complimentary visits per quarter. (8 in a year)
- International Lounge Access- N/A
- Insurance Benefits- N/A
- Zero Liability Protection- Zero liability of the credit cardholder in case of fraudulent transactions after you have reported about the loss or theft of the card to the bank.
Fees & Charges
- Spend based Waiver- The renewal fee is waived off if the cardholder spends Rs. 1 Lakh or more in the previous year.
- Rewards Redemption Fee- Rs. 99 per redemption request (plus applicable taxes)
- Foreign Currency Markup- 3.5% (plus applicable taxes)
- Interest Rates- 3.6% per month (or 43.2% per annum)
- Fuel Surcharge- 1% Fuel surcharge which is waived if you spend minimum Rs 400 in single transaction. The maximum CashBack is capped at Rs. 250 per payment cycle.
- Cash Advance Charge- 2.5% of the transaction amount, subject to a minimum fee of Rs. 500
- Add-on Card Fee- Nil
Product Details
- 1,000 CashPoints as a welcome benefit on card setup (subject to realization of the joining fee).
- Gift vouchers worth Rs. 1000 on spending Rs. 1 Lakh or above in a quarter
- 5% cashback at select partner online merchants including popular e-commerce websites like Amazon and Flipkart.
- 1% cashback on all other spends except fuel, rental, and government spends
- Up to 20% discount on partner restaurants via Swiggy Dineout
- 8 complimentary lounge visits every year (max 2 per quarter) at all domestic airports across India.
- Renewal fee waiver on spending Rs. 1,00,000 in the previous year.
HDFC Millennia Credit Card – Key Highlights
- Best Suited For Shopping and Cashback
- Joining/Annual Fee Rs. 1,000
- Eligibility Criteria Minimum age – 21 years
- Minimum income – Rs. 35,000 per month
- Benefits Up to 5% cashback on selected categories & 1% cashback on all spends
- Lounge Access 8 complimentary domestic lounge access every year
HDFC Millennia Credit Card Features and Benefits
In addition to cashback benefits, the HDFC Bank Millennia Credit Card provides cardholders with several other advantages. These benefits include bonus cash points as a welcome gift, complimentary airport lounge access, dining discounts, and much more.
Welcome Benefits
In the form of welcome benefits, the cardholders will receive 1,000 bonus CashPoints on the successful realization of the joining fee.
Travel Benefits
The cardholders will get 8 complimentary visits in a year to the domestic airport lounges with a maximum cap of 2 lounge visits per quarter with the HDFC Millennia Credit Card.
Dining Benefits
Up to 20% discount at partner restaurants with Swiggy Dineout Passport (applicable only for the first 3 months of card membership). Also, enjoy the Good Food Trail Dining program at premium restaurants across top cities, which includes:
- An assured discount of 25% at 2000+ premium restaurants.
- 1+1 buffet at 200+ restaurants.
- 1+1 food/drinks at select restaurants.
These discounts will not be applicable on occasions such as New Year’s Day/Eve, Christmas Day/Eve, and Valentine’s Day. Additionally, the benefits under the Dineout membership are available only for primary cardholders. You can avail of these offers with the Dineout app, inform the restaurant about the membership, and then enjoy the discount by paying the bill.
Fuel Surcharge Waiver
1% of the fuel surcharge is waived on a minimum payment of Rs. 400 at all petrol stations across India (the waiver amount is capped at a maximum of Rs. 250 per payment cycle).
Joining and Renewal Fee Waiver
This credit card comes with an annual fee of Rs. 1,000 which is eligible for a waiver if the cardholder is able to spend an amount exceeding Rs. 1,00,000 in an anniversary year.
Interest-Free Credit Period
You can get around 50 days of interest-free credit period on the credit card from the day of purchase. This depends on when the merchants submits the charge.
Zero Liability Protection
Under this, a credit cardholder will not be liable for any fraudulent transaction that takes place through his card in case of loss or theft of card if he informs the bank about the same within 24 hours of such incident.
HDFC Millennia Credit Card Reward Points/Cashback:
Through HDFC Millennia Credit Card, the cashback you earn is posted as cash points in your card account. You can redeem these cash points against various options, including cashback (adjustment against the outstanding amount on the card). HDFC Millennia Card helps you earn-
- A cashback of 5% on partner online merchants- Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato.
- A cashback of 1% on all other online and offline spends (like EMI and Wallet, Gift or Prepaid Card loads & Voucher Purchase transactions).
The CashPoints earned under the 5% and 1% categories are capped at 1,000 CashPoints per statement cycle each (max 2,000 CashPoints can be earned in a given statement cycle).
Exclusion on Rewards Points/Cashback
The following spend categories are not eligible to earn Cashpoints –
- Fuel Spends
- Rent payments and Govt Related transactions
- Cash Advance
- Payment of Outstanding Balances
- Payment of card fees and other charges
- Smart EMI / Dial an EMI transactions
HDFC Millennia Credit Card Fees and Charges
- Annual Fee: HDFC Millennia Credit Card comes with an annual fee of Rs. 1,000. The annual fee is eligible for waiver on spending a minimum of Rs. 1 lac in the preceding year.
- Interest Rate: You have to pay an interest rate of 3.6% per month (or 42.3% p.a.) which is applicable to the amount due on the card’s statement if you are unable to clear all your dues by the payment due date.
- Foreign Currency Mark-up: The cardholders will have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- Cash Withdrawal Fee: 2.5% of the withdrawn amount or Rs. 500, whichever is higher, has to be paid as cash advance fee on all cash withdrawals made using this card.
- Late Payment Fee: If you are unable to clear all your dues by the payment due date, apart from the interest rate, a late payment fee shall also be applicable as per the following slab-
| Statement Balance | Late Payment Fee |
| Less than Rs. 100 | Nil |
| Rs. 100 – Rs. 500 | Rs. 100 |
| Rs. 501 – Rs. 5,000 | Rs. 500 |
| Rs. 5,001 – Rs. 10,000 | Rs. 600 |
| Rs. 10,001 – Rs. 25,000 | Rs. 800 |
| Rs. 25,001 – Rs. 50,000 | Rs. 1,100 |
| More than Rs. 50,000 | Rs. 1,300 |
Conclusion:
It can be said that HDFC Bank’s Millennia Credit Card is an ideal card for individuals who have just started working and prefer online shopping. Not only that, it offers 5% cashback on India’s most popular online shopping websites, Amazon and Flipkart. It is one of the certified cards to build a solid credit profile. Like any other credit card, it also requires responsible financial management; otherwise, falling into debt at a young age can be troublesome. However, before making up your mind, it is advisable to check out the cashback credit cards offered by Citibank as well, which also provide good reward points. You can also explore the recently launched HDFC Bank MoneyBack Plus Credit Card.
These are our thoughts on the HDFC Bank Millennia Credit Card. Share your review of this card with us in the comments section below!
