HDFC Bank Moneyback Plus Credit Card vs HDFC Bank Millennia Credit Card

HDFC Bank Moneyback Plus Credit Card and HDFC Bank Millennia Credit Card are mid-level credit cards that provide you with cashback in the form of CashPoints on every purchase made through these cards. These cards are designed for that section of the society who believes in getting rewarded as cashback while shopping on websites such as Amazon, Flipkart, etc. Curated for the millennials of this era, HDFC Bank Millennia Credit Card comes with a joining fee of Rs. 1,000 per annum while the HDFC Bank Moneyback Plus Credit Card comes with a bit lower joining fee of Rs. 500 per annum.

As the two cards, namely HDFC Bank Moneyback Plus Credit Card and HDFC Bank Millennia Credit Card might seem quite relatable to each other in terms of the benefits and rewards they offer, people might be confused between the two when choosing the best card for themselves. Both the cards possess some unique features about themselves that make them stand apart from each other. This article will discuss the features and benefits of both cards so that it will be effortless for you to choose according to your needs and requirements.

HDFC Bank Moneyback Plus Credit Card

HDFC Bank launched HDFC Bank MoneyBack+ Credit Card to reward the cardholders with higher reward points as compared to the HDFC Bank Moneyback Credit Card. This card allows you to earn 20 Reward Points while shopping on Amazon, Flipkart, etc. It is best suited for the section of the society who shop very frequently through these websites. Also, you can enjoy a 15% discount on your dining bills while enjoying delicacies at 2000+ premium restaurants. This card comes with an annual fee of Rs. 500 plus taxes but is worth the benefits that it provides at such a reasonable price. Let us discuss more about this card in detail –

• It provides you with a welcome benefit of 500 Cash Points
• You can earn 10x CashPoints on every Rs. 150 spent using this card on Amazon, Flipkart, Swiggy, Big Basket, and Reliance Smart Superstore. (The points earned under this category are placed at a maximum of 2,500 per month)
• You get 5x CashPoints for every Rs. 150 spent on EMI’s at selected merchant locations. (Points capped at 2,500 per month)
• You get 2 CashPoints for every Rs. 150 spent on all other categories through this card
• You are entitled to 500 Cash Points every year upon renewal of your card
• If you are able to spend Rs. 50,000 or more in a calendar quarter, you get a gift voucher worth Rs. 500
• You enjoy 15% off on your dining bills while enjoying your favorite cuisines at 2000+ premium restaurants and paying through this card.
• 1% fuel surcharge is waived off on all fuel stations in India. (A capping of Rs. 250 per billing cycle)
• The renewal fee of Rs. 500 is waived off upon successful spending of Rs. 50,000 or more in the previous year
• The points earned can be redeemed for hotel and flight bookings via SmartBuy Portal, for AirMiles, for products present in the Product Catalogue, or for cash wherein 1 Casp Point = Rs. 0.25

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HDFC Bank Millennia Credit Card

As the name suggests, HDFC Bank Millennia Card is designed for the millennials of the society. By millennials, we mean the kids born after the 1990s. Since this generation is quite friendly with the online market, this card has been designed keeping them in mind. This card offers cashback in the form of CashPoints while transacting on Amazon, Flipkart, BookMyShow, etc. Apart from the cashback, this card also provides you with domestic lounge access which makes it even more famous amongst the youngsters. Placed at an annual fee of Rs. 1,000 plus applicable taxes, this card comes with various features that are discussed in this article below –

• Welcome Benefit of 1,000 CashPoints on successful payment of the joining fees.
• The cardholder gets to enjoy a cashback of 5% while shopping on online partner merchants – Amazon, BookMyShow, Zomato, Cult.fit, Flipkart, Uber, Myntra, Swiggy, Tata CLiQ, and Sony LIV (capped at 1,000 points per statement cycle)
• 1% cashback on all online and offline spends including fuel (capped at 1,000 points per statement cycle)
• Enjoy up to 20% discount at partnered restaurants with complementary Dineout Passport membership
• On spending of Rs. 1,00,000 or more in each calendar quarter, you get a gift worth Rs. 1,000 per calendar quarter
• With HDFC Bank Millennia Credit Card, you get 8 complimentary domestic lounge access. (2 visits per quarter)
• The annual fee of Rs. 1,000 will be waived off on spending of Rs. 1,00,000 or more in the previous year.
• You are entitled to a 1% fuel surcharge waiver on a minimum and maximum transaction of Rs. 400 and Rs. 5,000 respectively. (The surcharge waiver is capped at Rs. 250 per statement cycle)
• The CashPoints earned with HDFC Bank Millennia Credit Card can be redeemed against various categories –

– Against products and vouchers in the Product Catalogue wherein 1 CP = Rs. 0.30
– Against booking of flights and hotels via SmartBuy wherein 1CP = Rs. 0.30
– Can be redeemed against AirMiles wherein 1 CP = 0.30 AirMiles
– Can be redeemed against cash as well wherein 1 CP = Re. 1

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Quick Comparison

Now that we have discussed about the features of both the cards individually, let us now have a quick comparison between HDFC Bank Moneyback Plus Credit Card and HDFC Bank Millennia Credit Card –

Basis	HDFC Bank Moneyback Plus Credit Card	HDFC Bank Millennia Credit Card
Reward Rate	10x CP on every Rs. 150 spent at partnered brands 5X CP on every Rs. 150 spent on EMI spends at selected merchant locations 2 CP on every Rs. 150 spent on all other spends	5% cashback while shopping online at partnered brands 1% cashback on all other online and offline spends
Reward Redemption	1 CP = Rs. 0.25 for redemption against cash, flight, and hotel bookings and products present in Product Catalogue 1CP = 0.25 AirMiles for redemption against AirMiles	1CP = Rs. 0.30 for redemption against flight and hotel bookings and against products present in the Product Catalogue 1CP = 0.30 AirMiles for redemption against AirMiles 1CP = Re. 1 for redemption against cash
Fuel Surcharge Waiver	1%, capped at Rs. 250 per billing cycle	1%, capped at Rs. 250 per billing cycle
Welcome Benefits	500 CP on payment of joining fees	1,000 CP on the realization of joining fees
Milestone Benefits	Gift voucher worth Rs. 500 upon spending of Rs. 50,000 or more in each calendar quarter	NA
Lounge Visits	NA	8 domestic lounge visits, limited to 2 per quarter
Dining Benefits	15% off on dining at over 2000+ premium restaurants	Up to 20% off at partnered restaurants with complimentary Dineout Passport Membership
Joining Fee	Rs. 500 + GST (Can be waived off if more than Rs. 50,000 or more is spent in the previous year.)	Rs. 1,000 + Taxes
Renewal Fees	Rs. 500 + GST	Rs. 1.000 + Taxes (Spend-based reversal of Annual Fee on spends of Rs. 1 Lakh or more in the previous year.)
Eligibility	Issued to either salaried or self-employed individual. Minimum salary Rs. 20,000 per month and Age between 21-60 years in case of a salaried individual. Minimum ITR of Rs. 6 Lakhs and Age between 21-65 years in case of a self-employed individual.	Issued to either salaried or self-employed individual. Minimum salary Rs. 35,000 per month and Age between 21-40 years in case of a salaried individual. Minimum ITR of Rs. 6 Lakhs and Age between 21 – 40 years in case of a self-employed individual.

The Verdict

Though these cards, HDFC Bank Moneyback Plus Credit Card and HDFC Bank Millennia Credit Card might look similar to each other, both of them come with differentiated features. Both the cards are cash back credit cards but the redemption rate of the HDFC Bank Money Plus Credit Card is 1/4th of that of the HDFC Bank Millennia Credit Card. Individuals can earn more cash points using the Millennia Credit Card (up to 2,000 CP per month). Apart from this, Millenia Credit Card also provides you with complimentary lounge access which can be an added benefit for the credit cardholders. But it ultimately depends on you which card you need to go for on the basis of your personal requirements.

Also Read: HDFC Millennia Credit Card vs Regalia First : Which is Better?