HDFC Regalia Credit Card Vs HDFC Millennia Credit Card- Which One Should You Pick?

HDFC Regalia Credit Card and HDFC Millennia Credit Card are the most popular credit cards both by the HDFC Bank in the lifestyle category. While the HDFC Regalia Card offers slightly more premium benefits and targets financially prosperous individuals, Millennia Credit Card, as the name suggests, is targeted towards millennials, young professionals and first-time jobholders, most of whom are millennials.

In this article, we will break down the features and benefits of both the credit cards one by one and then give you a quick comparison for a better understanding of the two cards, so that it becomes easier for you to decide which one suits your needs that best.

HDFC Bank Regalia Credit Card

HDFC Regalia Credit Card is one of the most popular cards in the lifestyle or sub-premium category in the country’s credit card market. It can be the card of choice for individuals in the middle to high-income group. The card offers a reward rate of up to 1.3% and many other add-on benefits like complimentary domestic and international airport lounge access, discount on dining bills, insurance benefits and a lower foreign currency mark-up fee. The membership fee of the HDFC Regalia Credit Card is Rs. 2,500 per annum.

The key features of HDFC Regalia Credit Card are following –

• You earn 4 Reward Points on every Rs. 150 spent with the HDFC Regalia Credit Card with 1 Reward Point valued at Rs. 0.20 to Rs. 0.50 depending upon the category of spends the Points are redeemed against.
• 15,000 bonus Reward Points as a milestone benefit on the expenses for a minimum of Rs. 8 lakh in an anniversary year.
• Complimentary domestic (12 times a year or 3 times every quarter) and international airport lounge access with the Visa domestic lounge program and complimentary membership of the Priority Pass lounge access program.
• Lower foreign currency mark-up charge of 2% on international transactions.
• Renewal fee waiver on a annual expenditure of over Rs. 3 lakhs.
• Complimentary air accident cover worth up to Rs. 1 crore.
• 5% off when paying your bill at a restaurant that accepts Dineout Pay through the Dineout App for transaction of Rs. 1500 or above.

All these aforementioned features make HDFC Regalia Credit Card an attractive offering in the mid-level to sub-premium category. As far as the eligibility criteria is concerned, the income of salaried applicants must be at least Rs. 70,000 per month, and for self-employed applicants, the minimum income requirement is Rs. 8,40,000 per annum.

HDFC Bank Millennia Credit Card

HDFC Bank recently revamped the Millennia credit card with an upgraded cashback program. As mentioned earlier, the Millennia Credit Card is tailored to suit the needs of young professionals. Keeping in mind the spending habits of the millennials, HDFC offers a higher reward rate on online spends on the Millennia Credit Card. HDFC Millennia Credit Card comes with a joining fee of Rs. 1 lakh which can be waived off upon spending a minimum of Rs. 1 lakh on an annual basis. Some of the bets features of  the HDFC Millennia Credit Card are as under-

• HDFC Millennia Credit Card is present in three variants- Visa,  RuPay variants and MasterCard.
• You earn cashback as CashPoints which are redeemable  against the credit card’s balance, flight/hotel bookings, product purchases, or be transferred as AirMiles to partnered airlines’ under the frequent flyers program. The redemption value of CashPoints is highest on redemption of CashPoints for adjustment against the statement balance of the credit card.
• Millennia Credit Card earns you 5% cashback with the partner e-commerce websites such as popular brands like Amazon, Flipkart, BookMyShow, Myntra etc. and a percent cashback on all other categories of spends. The maximum number is capped at 1,000 CashPoints per month.
• 8 complimentary domestic and 2 international airport lounge access per year with this credit Card.
• As a dining benefit, you can avail of up to 20% discount with the partnered restaurants with the complimentary Dineout Passport program membership.
• You get 8 complimentary lounge access in domestic airports per year (max 2 per quarter)with the Millennia credit Card.

To be eligible for HDFC Millennia Credit Card, salaried applicants must have a minimum income of Rs. 35,000 per month, while the minimum income requirement for self-employed applicants is Rs. 6,00,000 per annum.

Quick Comparision

The following table gives you a quick comparison between HDFC Regalia and HDFC Millennia Credit Cards-

	HDFC Regalia Credit Card	HDFC Millennia Credit card
Reward Rate	4 RPs per Rs. 150 spent	5% Cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato 1% cashback on all other spends
Reward Redemption	For lights and hotel bookings, 1 RP = Rs 0.5 For redemption against products and vouchers, 1 RP = Rs 0.35 ,  Air miles conversion at a value of 1RP = 0.5 air mile. 1 RP = Rs 0.20 for cash backs,	1 CashPoint = Re. 1 (cashback) 1 CashPoint = Rs. 0.30 (product catalog) 1 CashPoint = Rs. 0.30 (flight/hotel bookings on SmartBuy) 1 Cash Point = Rs.0.30 (AirMiles)
Welcome/Renewal Benefits	2,500 RPs upon joining, which is also subjected to the joining fee	1,000 CashPoints as a welcome benefit on payment of the joining fee
Milestone Benefits	10,000 RPs upon spending over Rs. 5 lakhs in a year Additional bonus of 5,000 RPs upon spending over Rs. 8 lakhs in a year.	Gift voucher worth Rs. 1,000 on quarterly spends of Rs. 1,00,000
Additional Benefits	12 complimentary domestic lounge access every year (max 3 per quarter)  Priority Pass membership as complimentary benefits.	20% discount at partner restaurants via Dineout
Membership Fee	Rs. 2,500, can be  waived off on annual spends of Rs. 3,00,000	Rs. 1,000, will be  waived off upon spending over Rs. 1,00,000 in a year
Eligibility	The income should be more than Rs. 70,000 per month (for salaried applicants) or Rs. 8,40,000  yearly ( for self-employed applicants) Age should be in between 21 on 60 years (for salaried applicants) or 21 and 65 years (for self-employed applicants)	The income should be no less than Rs. 35,000 per month (fir salaried applicants) or Rs. 6 lakh per annum (for self-employed applicants) Age between 21 on 60 years (for salaried applicants) or 21 and 65 years (for self-employed applicants)

Conclusion

As is clear from the comparison above, assuming that you are eligible for both the credit cards, HDFC Milennia Credit Card should be your pick if you spend a lot on online shopping, and particularly on HDFC partner e-commerce websites (which include big names like Amazon, Flipkart and Myntra) as you get quite a high cashback of 5%. Moreover, the CashPoints earned can be directly adjusted against your card’s statement balance with 1 CashPoint valued at Re. 1 (1:1 redemption ratio).

On the other hand, if you are a frequent flyer, especially to international destinations, Regalia Credit Card will suit you better as you not only get complimentary membership of the Priority Pass lounge access program but also a lower mark-up fee on foreign currency transactions. Both these cards are among the most popular and best credit cards in India, so either of those will be a great choice, provided that you have made your decision wisely.

Must Read: HDFC Millennia Credit Card Vs Regalia First