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HDFC Bank Millennia Credit Card

A cashback credit card by HDFC Bank, the Millennia Credit Card targets the Gen-Y – the ‘90s kids or the millennials. As a basic entry-level credit card, this card has an annual fee of ₹1,000. Keeping its target customers in mind, HDFC Bank offers a 5% cashback on ten popular merchants in India including Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato, and a cashback of 1% on all other eligible online and offline spends. 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 and Flipkart Axis Credit Card (and much more) in one card. The cashback earned with the card 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. Also, the card offers great gift vouchers for meeting the milestone spend criteria of ₹1 lakh every quarter. Keep reading our HDFC Bank Millennia Credit Card review to know more about the card, its offerings, fees and charges, and other information.

Credit Card Detail
Joining Fee
Rs. 1000.00 +GST
Renewal Fee
Rs. 1000.00 +GST
Best Suited For
Shopping
Reward Type
Cashback
Welcome Benefits
1,000 CashPoints as a Welcome Benefit.
Movie & Dining
Up to 20% discount at partner restaurants with Swiggy Dineout
Domestic Lounge Access
N/A
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)
Golf
N/A
Travel
N/A
Insurance Benefits
N/A
International Lounge Access
N/A
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.
Interest Rates
3.75% Per Month
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
₹50 + GST Per Redemption Request
Cash Advance Charges
2.5% of the transaction amount, subject to a minimum fee of Rs. 500
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
A 1% Fuel surcharge is waived if you spend between Rs. 400 and Rs. 5,000 on fuel (Max Rs. 250 per statement cycle)
Product Details
  • 1,000 CashPoints as a welcome benefit on card setup (subject to realization of the joining fee).
  • Gift vouchers worth ₹1000 on spending ₹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.
  • Renewal fee waiver on spending ₹1,00,000 in the previous year.
Pros/Cons
Pros
Get high 5% cashback on partner merchants like Myntra, Amazon, Zomato, Swiggy, Uber, etc.

Renewal fee waiver on spending Rs. 1 Lakh in the card anniversary year
Cons
You earn a low 1% cash back on offline/online spends at non-partner merchants

The accelerated Cashpoints are capped at 1000 per statement cycle and you can earn 1000 Cashpoints at the normal 1x rate.

A minimum of 500 Cashpoints are needed to redeem against the card statement balance

Before applying for a credit card in India, consider the following factors:

  • Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
  • Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
  • Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
  • Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
  • Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
  • Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
  • Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
  • Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
  • Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
  • Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
  • Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.

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