HDFC Bank Millennia Credit Card is a Cashback credit card that targets the Gen-Y – the ‘90s kids or the millennials. The HDFC Millennia card is offered in four variants- Visa variant, MasterCard variant, Diners Club variant and RuPay variant. It is an entry-level credit card and comes with an annual fee of Rs. 1,000 (taxes extra).
Keeping its target customers in mind, HDFC Bank offers a 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 processed as CashPoints which can be redeemed against the card’s statement balance, for flight/hotel reservations or for purchasing products from the HDFC product catalog.
Apart from the cashback, you also get complimentary lounge visits at domestic airports across the country. Read on to learn more about the Millennia Credit Card by HDFC Bank.
HDFC Millennia Credit Card Welcome Bonus
Once you have paid the membership fee, you will get 1000 CashPoints i.e. Rs.1,000 cashback. So, basically, your joining fee is reversed into your account.
Besides this, you will also get a gift voucher worth Rs. 1,000 on spending a minimum of Rs. 1 lakh in a quarter (valid during the first year only).
And, for the first 6 months, you can earn up to Rs. 1,000 cashback per month on online shopping payments via Payzapp and Smartbuy.
Features of HDFC Millennia Credit Card
- A one-time joining fee of INR 1,000 + taxes;
- An annual fee or renewal fee of INR 1,000 + taxes;
- No annual fee will be charged if the card holder has spent INR 1 lakh the previous year;
- 5% cashback on any purchase made from Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato (till INR 1000);
- 1% cashback on all other spends. Equated monthly instalments (EMIs) and wallet transactions, gift or prepaid card loads and voucher purchase transactions fall under this category till INR 1000;
- Vouchers worth INR 1,000 on spending INR 1 lakh in a calendar quarter. That means 4 times a year;
- Dineout membership discount upto 20% at partner restaurants.
HDFC Millennia Credit Card: The Most Popular Cashback Credit Card
HDFC Millennia Credit Card is the most popular and perhaps one of the best cashback credit cards currently available in the Indian credit card market.
What makes this card so popular is not only its high reward rate (up to 5% cashback as CashPoints on shopping at popular merchants like Amazon, Flipkart, Myntra, etc.) but also the high rate of redemption of Cash Points as cashback i.e. adjustment against the card’s statement balance- 1 CashPoint = Re. 1 on adjustment against the card’s outstanding balance.
As the card gives you a reward rate of 5% on Amazon and Flipkart, you are essentially getting the benefit of both Amazon Pay ICICI as well as Flipkart Axis Credit Card (and much more) in one card.
The recently launched HDFC MoneyBack+ Credit Card is also a cashback-based credit card, but the redemption rate of CashPoints on MoneyBack+ card is 1/4th that of HDFC Millennia Card (1 CP = Rs. 0.25).
Another point that makes this credit card the most popular cashback credit card is that the monthly max capping on the cashback that can be earned on HDFC Millennia card is higher than most other cashback cards- 2,000 CashPoints per month (1,000 CashPoints at accelerated rate and 1,000 CashPoints at normal rate).
Who should get This Credit Card
The card provides varied benefits across different categories. Still, spends in certain categories are rewarded with accelerated CashPoint earnings while others don’t. The card is best suited for you if you agree with the below-given statements.
- You earn at least Rs. 25,000 per month or your ITR acknowledgement is at least Rs. 6.00 lakh (This is an eligibility criterion for this card);
- You occasionally travel within India;
- You prefer getting cash back or the freedom to convert rewards into cashback over the usual redemption against vouchers or items from the catalogue;
- You frequently shop online and most of your online spending is at Amazon or Flipkart;
- You believe that you will be able to spend at least 1.00 lakh on the credit card.
Shall we apply for your card? Click on the button below and we will direct you to.
