HDFC Millennia Credit Card is a cashback-centric credit card offered by HDFC Bank. It caters to the needs of individuals who spend regularly across various online and offline categories.
Card Type: Cashback
Key Features:
- 5% Cashback: Get 5% cashback on spending brands like Amazon, BookMyShow, and Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato
- 1% Cashback: You are given 1% cashback on all other spends (except fuel) including EMIs and wallet transactions
- Quarterly Gift Vouchers: A gift voucher worth ₹1,000 is given to you on spend of ₹1,00,000 and above every calendar quarter
- Up to 20% Discount: Get a 20% discount on dining bills at partner restaurants through Dineout
- Contactless Payment: Make convenient and secure contactless payments using the card.
- Zero Lost Card Liability: Enjoy zero liability on fraudulent transactions in case of lost or stolen cards upon immediate reporting.
- Smart EMI: Convert your purchases into easy monthly installments for managing your finances.
- Fuel Surcharge Waiver: Get a 1% waiver on fuel surcharge at all fuel stations in India.
Additional Points:
- CashPoints: Cashback is awarded in the form of CashPoints, which can be redeemed for:
- Statement Balance Adjustment: Redeem at a rate of 1 CashPoint = ₹1. The minimum redemption is 500 CashPoints.
- Travel Bookings: Use CashPoints for flight and hotel bookings through the SmartBuy Rewards Portal at a value of 1 CashPoint = ₹0.30. (Capped at 50% of booking value)
- Rewards Catalogue: Redeem CashPoints for various products and vouchers at the SmartBuy Rewards Portal at a value of 1 CashPoint = ₹0.30. (Handling charges apply, and redemption is capped at 70% of product/voucher value)
- Reward Points Expiry: Unredeemed CashPoints expire after 2 years of accumulation.
- Lounge Access: Not included with the card.
- Welcome Offer: Subject to change, refer to the official website for the latest information.
Eligibility:
- Minimum age: 18 years
- Indian resident with a valid PAN card
- Good credit score (typically above 750)
How to Apply:
- Apply online through the HDFC Bank website or visit an HDFC Bank branch.
- Submit the required documents, including PAN card and address proof.
- Await verification and approval from HDFC Bank.
Fees:
- Late Payment Fee: Up to Rs. 1,000 or 2.5% of the outstanding amount, whichever is higher.
- Annual Interest Rate: 13.99% – 24.99% (depending on your creditworthiness).
- Foreign Currency Markup: 3.50%.
- Balance Transfer Fee: 2.5% of the amount transferred (minimum Rs. 500).
- Cash Advance Fee: Rs. 250 or 2.5% of the amount withdrawn, whichever is higher.
- Joining Fee: 1,00,000+Applicable Taxex
- Renewal Fee
- Rs. 499 (waived if your annual spending exceeds Rs. 1,00,000 in the previous year)
Pros & Cons
Pros
- High Cashback on Popular Spends: You get 5% cashback on popular online brands like Amazon, Flipkart, Swiggy, Zomato, and many more, with no minimum transaction value required. This can be a great way to save money on your everyday purchases.
- Cashback on Other Transactions: Unlike many cards, Millennia offers 1% cashback on wallet reloads, EMI transactions, and even offline purchases (with a minimum transaction value of Rs. 100).
- Lounge Access: The card comes with 8 complimentary domestic lounge visits per year, which can be a valuable perk for frequent travelers.
- Other Benefits: You also get a welcome bonus, fuel surcharge waiver, zero lost card liability, and access to exclusive dining discounts.
Cons
- Caps on Cashback: There’s a monthly cap of Rs. 750 on cashback for online spending (except for the initial 6 months) and Rs. 1000 for all other categories. So, if you’re a high-spender, you might not maximize the cashback benefits.
- Delayed Reward Posting: Cashback points are not credited instantly and are added in bulk at the beginning of every month.
- Low Cashback on Offline Spends: The 1% cashback on non-online transactions is lower compared to the cashback offered on specific categories.
HDFC Bank Millenia Credit Card can be a good card for those who spend a lot online, especially on popular brands.
Customer Service:
- Contact HDFC Bank customer care at 1800 103 8181 or visit their website for any questions or assistance.
Conclusion:
HDFC Millennia Credit Card offers attractive cashback on popular spending categories, quarterly gift vouchers, and fuel surcharge waivers, among others.
- This card is best suited for individuals who spend regularly with partner merchants and across various categories.
Please Read Our other credit card reviews
Disclaimer
We have obtained the card information from the internet. If there is any change in the HDFC Bank Millennia Credit Card, then CredBanking is not responsible for it.
