IDFC First Millennia Vs HDFC Millennia Credit Card: Which One To Choose?

When it comes to credit cards for youngsters, people mostly look for one of these two cards: HDFC Bank Millennia Credit Card & IDFC First Millennia Credit Card, as both are targeted at young individuals. The IDFC First Millennia card can earn you up to 10 Reward Points on every Rs. 100 you spend, and on the other hand, the HDFC Millennia credit card can earn you cash back on all your purchases in the form of CashPoints. Such benefits make it really difficult for individuals to decide which one they should get. If you are also confused between these two and don’t know how you can choose the one that best suits your needs, you can go through this full article as we have compared the two cards on the basis of every single benefit they provide. So, it will be easier for you to go with the one that fulfils your requirements.

Before comparing the two, let us discuss all the benefits of both of these cards separately:

HDFC Bank Millennia Credit Card

Issued by the most popular private sector bank, the HDFC Bank Millennia Credit Card comes with all its benefits targeted at young individuals. Along with a cashback of up to 5% (in the form of CashPoints) on all transactions, it comes with several benefits over different categories, including travel, dining, welcome bonus, fuel, etc. Following are the key points mentioned in all its features in detail:

• 1,000 CashPoints are received as a welcome benefit.
• This card rewards its customers in the form of CashPoints, i.e., the cashback is earned in the form of CashPoints.
• You get a cashback of 5% every time you purchase on Amazon, BookMyShow, Cult.fit, Myntra, Flipkart, Sony LIV, Tata Cliq, Zomato, Swiggy, and Uber. The maximum points under this category are capped at 1,000 CashPoints per month.
• You get a cashback of 1% on all other online as well as offline purchases.
• The earned cashback can be redeemed against cashback, product catalog, flight/hotel bookings, and Airmiles at a value of up to 1 CP = Re. 1.
• Free airport lounge access with this card has now been discontinued. The same has been integrated with milestone benefits. Cardholders can opt for a free Dreamfolks airport lounge access voucher or Rs. 1,000 voucher on spends of Rs. 1 lakh in a quarter.
• For all fuel transactions, you receive a 1% fuel surcharge waiver with the maximum benefit capped at Rs. 250 per statement cycle.
• You can get the annual fee waived if you spend more than Rs. 1 lakh in the previous year.

IDFC First Millennia Credit Card

The IDFC First Millennia Credit Card is a lifetime-free credit card that is specifically made for young individuals. It comes with an exclusive rewards program offering its customers up to 10 Reward Points for every Rs. 100 they spend. Other than this, it also provides you with other exciting benefits on dining, movies, travel, and several more categories. Following is a list of its key features & benefits:

• As a welcome benefit, you get 5% cashback on all EMI transactions that are made within the first 90 days of card issuance.
• With this card, you get 10 Reward Points for every Rs. 100 you spend on your birthday.
• You get 3X Rewards on online purchases and offline purchases up to Rs. 20,000.
• 10X Reward Points are earned on incremental spends above Rs. 20,000.
• You get 1 Reward Point on every other spend of Rs. 100.
• You can redeem your accumulated reward points via internet banking at a rate of 1 RP = Re. 0.25.
• On dining bills, you can avail of a discount of up to 20% with more than 1,500 participating restaurants across the country.
• You get a discount of 25% (up to Rs. 100) on movie tickets on Paytm movies. The offer can be availed once a month.
• With this card, you can enjoy 4 complimentary Railyway lounge access every quarter.
• You also get insurance benefits with this card, which include a personal accident cover worth Rs. 2 lakhs and a lost card liability cover worth Rs. 25,000.
• You get a 1% fuel surcharge waiver at all fuel stations with the maximum waiver capped at Rs. 200 per month.

Comparison Between HDFC Millennia & IDFC First Millennia Credit Card

Conclusion

There are two credit cards available – HDFC Millennia Credit Card & IDFC First Millennia Credit Card, each with its own set of benefits. The best option for you depends on your personal requirements. IDFC First Millennia Credit Card is a good option for those looking for a zero annual fee credit card. On the other hand, the HDFC Millennia Credit Card was previously the best choice; however, it has been devalued. The airport lounge access offered with this card has been merged with the milestone benefits, and you can now either receive a voucher for Rs. 1,000 or opt for a free domestic lounge visit on achieving the milestone spends. Therefore, it is important to analyze your needs carefully before deciding which card to choose.

Suppose you are someone who is looking for a card that provides a decent number of benefits with minimal charges. In that case, you should go with the IDFC First Millennia Credit Card as it doesn’t only come with a zero annual fee but also charges a low interest of 0.75% to 2.99% only. But, if you are ready to pay an annual fee of Rs. 1,000 and want to receive cashback on popular brands, you must choose the HDFC Bank Millennia Credit Card. So, just make sure to understand your needs and then compare both cards and choose the one that meets your expectations. If you are still left with any doubts in your mind, you can freely ask us in the comment section below. We will be more than happy to help you!