HDFC Millennia Credit Card

HDFC Millennia Credit Card is a excellent credit card in cashback category, being an entry level cashback credit card with joining/annual fee of just ₹1000 provide lots of benefits to the customer. The joining/annual fees get waived off on spending ₹1lakh in previous year also HDFC runs lifetime free offer for this credit card. The card gives 5% cashback on Amazon, Flipkart, Bookmyshow, cult.fit, swiggy, zomato and many more also the complimentary lounge access in each quarter. All this benefits makes this card as most popular credit card in the market.

JOINING FEE
Rs.1000+GST(LTF for Limited Time)
RENEWAL FEE
Rs.1000+GST(LTF for Limited Time)
BENEFITS
Complimentary 4 Domestic Airport Lounge in Year
REWARDS &CASHBACK
5% Cashback on Amazon, Flipkart, BookMyshow, Cult.fit, Swiggy, Uber, Zomato and Myntra

Key Features & Benefits

Welcome Benefits

  • On successful payment of Joining fee the card holder will receive 1000 cashpoint as welcome benefits.

Cashpoint

  • You will get 5% cashpoint on 10 partner merchant and they are Amazon, Flipkart, Swiggy, Zomato, Cult.fit, Tata Cliq, Uber, Myntra, Sony Liv, Bookmyshow and this 5% cashpoint is capped at 1000 cashpoint per month.
  • You will get 1% cashpoint on all other eligible transaction on both online as well as offline. The 1% cashpoint also capped at 1000 cashpoint per month.
  • Total you can accumulate 2000 cashpoint in 5% and 1% category in each month.
  • You will not earn any cashpoint on Fuel, Government Transactions, Rent, Education,Wallet.
  • You can also earn some sort of cashpoint on smartbuy platform of HDFC,the cashback capped at ₹1000 per month.

Milestone Benefits

  • You will earn a gift voucher of worth ₹1000 on spending 1lakh in each quarter. The gift voucher options are Bookmyshow, Pizza hut, PVR, Bigbasket.

Airport Lounge

  • After spending 1lakh in previous quarter you will be eligible for one domestic lounge in next quarter but here is twist, you will get two option either you have to choose ₹1000 voucher that mentioned above or you can opt for Airport lounge access.

Fuel Surcharge Waiver

  • Get 1% Fuel surcharge waiver on all fuel transaction between Rs.400 to Rs.5000. Maximum waiver is Rs.250 per month.

Spend Based Waiver

  • The annual fee of Rs.1000 is waived off if you have spent RS. 1 lakh in previous year but try to get LTF, if you will get this card as LTF you can maximize your benefits a lot.

Dining Benefits

  • This Credit card also provide some sort of discount on Dining, you will get ₹200 off on swiggy dining discount on minimum spend of ₹2000 which is almost 10% which is quite good for middle class.

Cashpoint Redemption

  • If you redeem your cashpoint against statement credit ( 1cashpoint = ₹1) you will be charged ₹50 as redemption fee.
  • Cashpoint can also be redeem against travel benefits like Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal, at a value of 1 Cashpoint = ₹0.30.
  • For redemption against flight and hotel booking you can redeem maximum 50% of booking value.
  • If you redeem your cashpoint via reward catalouge there will be debit of ₹99+Taxes towards redemption handling charges.

Eligibility Criteria

  • The Minimum age is 21 yrs and Maximum age is 40 yrs to apply for this credit card.
  • Net monthly Income should be ₹35000 or more and for self employed ITR should be 6 lakh or more.

Fees & Charges

Foreign Currency Markup

  • The card come with high foreign currency markup fee that is 3.5% of total transaction amount and also it does not provide any rewards on International transaction so you can look another credit card for International transaction which have lower markup fee.

Finance Charges & Cash withdrawal Fee

  • Interest rate is 3.75% per month.
  • Cash withdrawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
  • Pros & Cons

Pros

  • 5% cashback on major lifestyle online brands like amazon, myntra etc.
  • Greater redemption value that is 1:1.
  • Annual fee waiver is somewhat achievable

Cons

  • High foreign currency markup fee.
  • Very low capping on cashback.
  • Exclusion of cashback on utilities, rent etc.
  • Final Thoughts

HDFC Millennia credit card is a good entry level cashback credit card for the people who has just started his career. major chunk about this credit card is 5% cashback on major online platform but you can only collect 1000 cashpoint in 5% category, you have to spend around 20k to earn this much cashpoint which is very good for the middle class spender. There is also other credit card like Flipkart Axis bank and Amazon ICICI which also provide unlimited cashback on flipkart and amazon respectively and comes with minimal joining and annual fee. You have to look in which platform you spend a lot and then accordingly decide which credit card suits your need. Please comment below what is your view about this credit card.

  • Frequently Asked Questions
How much maximum cashback can be earned in HDFC Millennia credit card?

The 5% cashback on major online spends like flipkart, myntra, amazon etc and 1% cashback on other eligible spends which is having capping of 1000 cashpoint each. So maximum you can earn 2000 cashpoint in a month.

You will be charged 2.5% of the withdrawn amount or Rs.500 whichever is higher.

Yes the annual fee is waived off on spending Rs. 1lakh in previous year.

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