HDFC Millennia Vs ICICI Coral Credit Card
HDFC Millennia Credit Card and ICICI Coral Credit Cards are mid-level credit cards. Both of these cards allow you to earn amazing cashback and reward points on all purchases made through them. The HDFC Millennia Credit Card is designed for millennials, offering cashback on online shopping. On the other hand, the Coral Credit Card is part of ICICI Bank’s ‘gemstone collection’, which provides you with reward points on purchases made through your credit card.
The HDFC Millennia Credit Card comes with a joining fee of ₹1,000 per annum, while the ICICI Coral Credit Card comes with a slightly lower joining fee of ₹500 per annum. Since both cards offer similar rewards and benefits, they have some differences that set them apart. This article will cover the features and benefits of both cards, making it easy for you to choose based on your needs and requirements.
HDFC Millennia Credit Card
The HDFC Millennia Credit Card is a rewards credit card that offers cashback and more. This card offers major cashback on popular brands like Amazon, BookMyShow, Flipkart, Myntra, Uber, Zomato, and many more.
Welcome Benefits & Annual Fee Waiver
The card comes for an annual fee of ₹1,000 + GST. As a welcome gesture, cardholders receive 1,000 CashPoints upon payment of the joining fee. This immediate value addition helps offset the initial cost of owning the card and can be redeemed in several ways.
To make the card even more rewarding, HDFC offers a spend-based fee waiver. If your total annual spend exceeds ₹1 lakh, the renewal fee for the following year will be completely waived, adding more value to your overall experience.
Rewards
You earn 5% cashback on online transactions made through popular platforms such as Amazon, Flipkart, Myntra, BookMyShow, Cult.fit, Swiggy, Uber, Tata CLiQ, Zomato, and Sony LIV. For all other online and offline spends, you earn 1% cashback. These rewards accumulate as CashPoints, which can be redeemed flexibly, whether for products via the catalogue, bookings on SmartBuy, or direct cashback to your statement.
In terms of value, CashPoints are worth ₹0.30 when used for catalogue items, flights, or hotels. However, if you choose cashback credit, each point is valued at ₹1, which maximizes your savings. You also have the option to convert them into AirMiles at the rate of 1 CashPoint = ₹0.30.
Dining Benefits
The card also comes with attractive dining privileges. For the first three months, users can enjoy an instant discount of ₹200 with Swiggy Dineout. This discount shall only be available twice each month (Minimum Order Value of ₹2,000) on payments made via the Swiggy app.
ICICI Coral Credit Card
The ICICI Bank Coral Credit Card, part of the bank’s premium Gemstone Collection, is available in three variants: Mastercard, Visa, and American Express. Customers can choose the variant that best suits their lifestyle or merchant compatibility. Known for its blend of rewards, entertainment, dining, and travel benefits, this card makes everyday spending more rewarding. Priced at an affordable annual fee of ₹500 + taxes, it’s an attractive entry-level card with solid lifestyle perks.
Rewards Program
Cardholders are rewarded for both everyday and milestone spending. You earn 2 Reward Points for every ₹100 spent on general categories (excluding fuel), and 1 Reward Point for every ₹100 spent on insurance and utility payments.
Additionally, you earn 1,000 bonus Reward Points every time you spend ₹1 lakh in a card anniversary year. On reaching a total spend of ₹2 lakhs, you receive an extra 2,000 Reward Points. However, the maximum number of bonus points that can be earned in a year is 10,000.
The earned Reward Points can be redeemed through the ICICI Bank rewards catalogue. You can also opt for cashback, where 1 Reward Point = ₹0.25.
Entertainment Benefits
The ICICI Coral Credit Card offers movie ticket benefits that can be redeemed twice a month. You get a 25% discount (up to ₹100) on the purchase of two movie tickets per transaction on BookMyShow and INOX.
Dining Privileges
Through ICICI Bank’s Culinary Treats Programme, cardholders get access to exclusive dining discounts. You can enjoy 15% off at participating restaurants across India when you pay using your ICICI Coral Credit Card, making weekend dinners or weekday meals out more affordable.
Travel Benefits
When it comes to travel, this card offers complimentary domestic airport lounge access. You get 1 free lounge access per quarter, provided you spent ₹75,000 or more in the previous quarter.
In addition, ICICI also offers 1 complimentary railway lounge access per quarter. This benefit covers select railway lounges in India, making your train journeys more relaxing and convenient.
Spend-Based Waiver
The annual fee of ₹500 can be waived off if your spending crosses ₹1.5 lakh in the previous year. This makes the card essentially free for those who use it regularly.
Quick Comparison
Now that we have discussed the features of both the cards individually, let us have a quick comparison between HDFC Bank Moneyback Plus Credit Card and HDFC Bank Millennia Credit Card.
| Particulars | HDFC Millennia Credit Card | ICICI Coral Credit Card |
| Joining Fee | ₹1,000 + Taxes | ₹500 + Taxes |
| Reward Rate |
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| Reward Redemption |
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| Welcome Benefits | 1,000 CashPoints | N/A |
| Milestone Benefits | ₹1,000 Gift Voucher on Spends of ₹1,00,000 or More per Calendar Quarter |
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| Lounge Access | N/A |
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| Dining Benefits | Flat ₹200 Discount on Swiggy Dineout (Minimum Order Value ₹2,000) | Enjoy Up to 15% Off on Dining |
Bottom Line
Now that we have discussed both the HDFC Millennia Credit Card and the ICICI Coral Credit Card, we are quite familiar with the features and benefits that each card provides individually. On one hand, where you get generous cashback using HDFC Bank Millennia Credit Card, on the other hand, you get decent reward points using ICICI Bank Coral Credit Card. While the Millennia Credit Card offers 5% cashback on your online spending, the Coral Credit Card provides 2 Reward Points per ₹ 100 spent, resulting in a reward rate of 0.5%.
Clearly HDFC Millennia is the better choice for all. While Coral Credit Card is not useful for many, those who have gotten this card as lifetime can still use it for features like free railway lounge access. Cardholders can even take advantage of UPI payments with the RuPay variant.
Reader Comments
1 comment · Join the discussion below
Why would we need compare these two Isn’t the HDFC Millennia’s strong cashback so far above the ICICI Coral’s weak reward points that this comparison seems pointless?cards?