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 society that 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 cards possess some unique features 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.
In Terms of Fees and Welcome Benefits
When it comes to fees and welcome benefits, the HDFC MoneyBack+ Credit Card is the more affordable option. It comes with a joining fee of ₹500 + GST and an annual fee of ₹500 + GST, while the HDFC Millennia Credit Card charges ₹1,000 + GST as both the joining and annual fee.
Both cards offer welcome benefits in the form of CashPoints, but the value differs. The MoneyBack+ Credit Card offers 500 CashPoints as a welcome benefit, whereas the Millennia Credit Card offers 1,000 CashPoints.
In terms of an annual fee waiver, the MoneyBack+ Card requires annual spending of ₹50,000, making it easier for most users to avoid the renewal fee. On the other hand, the Millennia Credit Card requires annual spending of ₹1 lakh for the fee waiver.
If you are looking for a lower-cost card with an easy fee waiver condition, the MoneyBack+ Credit Card is a better choice. However, if you do not mind paying a higher fee and want a larger welcome bonus, the Millennia Credit Card offers better value upfront.
| Feature | HDFC MoneyBack+ Credit Card | HDFC Millennia Credit Card |
| Joining/ Annual Fee | ₹500 + GST | ₹1,000 + GST |
| Welcome Benefit | 500 CashPoints | 1,000 CashPoints |
| Annual Spend Required for Fee Waiver | ₹50,000 | ₹1,00,000 |
In Terms of Reward Rate
The HDFC Millennia Credit Card offers better rewards than the HDFC MoneyBack+ Credit Card. With the MoneyBack+ Card, you can earn 20 CashPoints for every ₹200 spent at Amazon, Flipkart, BigBasket, Reliance Smart Superstore, and Swiggy. However, you can only earn bonus rewards up to 2,500 CashPoints each month in this category. For all other eligible purchases, you earn 2 CashPoints for every ₹200 spent.
In comparison, HDFC Millennia Credit Card, cardholders can earn 5% cashback on spending at partner brands such as Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Tata CLiQ, Sony LIV, and Cult.fit. Additionally, it offers 1% cashback on all other eligible online and offline transactions. The cashback is credited as CashPoints, and earnings are capped at 1,000 CashPoints per statement cycle under the 5% category and another 1,000 CashPoints under the 1% category, allowing users to earn up to 2,000 CashPoints in a statement cycle.
Although the MoneyBack+ Card has a higher reward cap of 2,500 CashPoints per month on its accelerated category, the Millennia Credit Card offers a significantly higher reward rate of 5% compared to the effective reward rate on the MoneyBack+ Card.
As a result, most users are likely to reach higher reward earnings with the Millennia Card despite its lower cap. Therefore, for people who frequently shop online and want to maximize rewards on everyday spending, the HDFC Millennia Credit Card is generally the better option.
| Feature | HDFC MoneyBack+ Credit Card | HDFC Millennia Credit Card |
| Rewards on Partner Brands | 20 CashPoints/₹200 Spent on Amazon, Flipkart, BigBasket, Reliance Smart Superstore, and Swiggy | 5% Cashback on Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Tata CLiQ, Sony LIV, and Cult.fit |
| Rewards on Other Spends | 2 CashPoints/₹200 Spent | 1% Cashback on All Eligible Online and Offline Spends |
| Reward Currency | CashPoints | CashPoints (cashback credited as CashPoints) |
| Monthly Cap | 2,500 CashPoints per month on accelerated spends | 1,000 CashPoints on 5% cashback Category, 1,000 CashPoints on 1% category Per Statement Cycle (Maximum 2,000 CashPoints) |
In Terms of Spend-Based Benefits
When we look at spend-based benefits, both the HDFC MoneyBack+ Credit Card and the HDFC Millennia Credit Card offer rewards when you reach a certain spending amount in a quarter, but the conditions are not the same.
With the HDFC MoneyBack+ Credit Card, you get a ₹500 gift voucher if you spend ₹50,000 or more in a calendar quarter. In comparison, the HDFC Millennia Credit Card gives a higher benefit, but the spending requirement is also higher. You need to spend ₹1,00,000 or more in a quarter to get a ₹1,000 gift voucher or one domestic airport lounge access. This makes the reward more valuable, but it is better suited for people who use their credit card more frequently and have higher spending.
In simple terms, MoneyBack+ is good for those who want easier goals and smaller rewards, while Millennia is better for users who can spend more and want bigger benefits like higher vouchers or lounge access.
In Terms of Dining Benefits
When it comes to Swiggy Dineout dining benefits, both the HDFC Millennia Credit Card and the HDFC MoneyBack+ Credit Card offer a similar type of discount, but the way you use them is slightly different.
With the HDFC Millennia Credit Card, users can get an instant ₹200 discount on dining bills of ₹2,000 or more when paying through the Swiggy app. This offer can be used up to two times in a month, making it useful for regular dining plans.
On the other hand, the HDFC MoneyBack+ Credit Card also provides a ₹200 discount on dining bills of ₹2,000 or more through Swiggy Dineout at over 2,000 premium restaurants. However, it does not clearly specify a fixed monthly usage limit, unlike the Millennia Card.
In simple terms, both cards give almost the same discount value and work on the same minimum bill requirement, but the Millennia Card offers a more structured monthly benefit, while the MoneyBack+ Card focuses more on restaurant-based availability.
Bottom Line
If you’re choosing between the HDFC MoneyBack+ and the HDFC Millennia Credit Card, the real difference is how much value you want from your everyday spending. MoneyBack+ is a simple, low-fee card that works well if you just want basic cashback without thinking too much about rewards or categories. It keeps things easy and affordable.
But if you want a card that actually rewards your lifestyle, such as online shopping, food orders, travel bookings, and entertainment, then the Millennia Credit Card stands out. It gives higher cashback rates on popular brands, better overall earning potential, and more useful perks that you can actually enjoy in real life. Yes, the fee is slightly higher, but the value you get back is also much bigger.
In the end, MoneyBack+ is about saving a little, while Millennia is about earning more every time you spend. If you want maximum returns on your daily spending, Millennia is the smarter pick.