By Rajat Gaur
Updated On September 20, 2021

HDFC Bank Millennia Credit Card is a CashBack credit card that targets the Gen-Y – the ‘90s kids or the millennials. The HDFC Millennia card is offered in three variants- Visa variant, MasterCard variant, and the Diners Club variant, all three of them having their own privileges. Keeping its target customers in mind, HDFC Bank offers a 5% CashBack on Amazon and Flipkart, and 2.5% CashBack on all other online shopping websites. You also get a 1% CashBack on offline stores. CashBacks are processed as CashPoints, which can be redeemed either against the statement balance of the card or while making hotel reservations/booking flight tickets. The card also offers complimentary domestic lounge access. But that’s not it, there are many additional benefits as well; read on to know more.

HDFC Bank Millennia Credit Card

Best Suited For

Shopping |

Joining Fee

Rs. 1,000 (plus applicable taxes)

Reward Type

Cashback |

Product Details

  • 1,000 CashPoints as Welcome Benefit on HDFC Millennia credit card.
  • 5% CashBack on partner websites (Amazon, Flipkart and BigBasket ) and 2.5% CashBack on all other online transactions.
  • 5% CashBack on hotel/flight bookings on payment using PayZapp or SmartBuy app.
  • 1% CashBack on offline stores on payment using HDFC Bank Millennia Credit Card.
  • Complimentary Dineout passport membership for first three months.
  • Lounge access at all domestic airports across India and outside.
  • Joining fee is waived on expenditure of a minimum of Rs. 30,000 in the first three months.
  • Renewal fee is waived if Rs. 1,00,000 were spent in the previous year.

Rewards and Benefits

Welcome Benefits

1,000 CashPoints as a Welcome Benefit.

Movie & Dining

You get a complimentary Dine out passport membership for three months and 5% off additionally.

Rewards Rate

2.5% CashBack on online transactions and 1% CashBack on offline transactions

Reward Redemption

Rewards processed as CashPoints, 1 CP = Re. 1 for redemption against statement balance and 1 CP = Re. 0.30 for redemption against flight/hotel bookings, product catalogue, etc.

Travel

Complimentary airport lounge access every year.

Golf

N/A

Domestic Lounge

8 complimentary domestic lounge access every year (2 every quarter).

International Lounge

2 complimentary international lounge access every quarter with the Diners Club variant.

Insurance Benefits

N/A

Zero Liability Protection

Any fraudulent transaction post reporting the loss of card is not added to your statement balance if you report loss of the card within 24 hours.

Fees & Charges

Joining Fee

Rs. 1,000 (plus applicable taxes)

Renewal Fee

Rs. 1,000 (plus applicable taxes).

Spend based Waiver

The joining fee is waived off on the expenditure of at least Rs. 30,000 in the first three months. Card renewal fee can also be waived if you had spent more than Rs. 1,00,000 in the previous year.

Rewards Redemption Fee

Rs. 99 per redemption request (plus applicable taxes)

Rewards Redemption Fee

Rs. 99 per redemption request (plus applicable taxes)

Foreign Currency Markup

3.5% (plus applicable taxes)

Interest Rates

3.6% per month (or 43.2% per annum)

Fuel Surcharge

1% Fuel surcharge which is waived if you spend minimum Rs 400 in single transaction. The maximum CashBack is capped at Rs. 250 per payment cycle.

Cash Advance Charge

2.5% of the transaction amount, subject to a minimum fee of Rs. 500

Add-on Card Fee

Nil

Welcome Benefits

You get 1,000 bonus cash points as a welcome benefit on successful realization of the joining fee.

HDFC Bank Millennia credit card CashBack and Rewards:

  • The Millennia credit card has a lot to offer online shoppers. You get a CashBack of 5% on Amazon and Flipkart and on hotel reservations and flight tickets purchased via the PayZapp or SmartBuy apps, subject to a minimum transaction amount of Rs. 2,000. The maximum CashBack that can be availed on these transactions is capped at Rs. 1,000 for the first six months and Rs. 750 thereafter.
  • For all other online transactions, the CashBack rate is 2.5%, again subject to a minimum transaction size of Rs. 2,000 with the maximum CashBack capped at Rs. 750.
  • For purchases made on offline stores, HDFC Bank gives you a CashBack of 1%, subject to a minimum transaction of Rs. 100. The maximum CashBack that can be availed on offline stores is Rs. 750.

Rewards Redemption

  • Since it’s a CashBack card, the reward that you get on expenditure is in the form of CashPoints, which can be redeemed either against the statement balance of the card or while booking flight tickets and making hotel reservations.
  • For redemption against the statement balance, 1 CashPoint is equivalent to 1 rupee, while for redemption against hotel/flight bookings, 1 CashPoint is equivalent to 0.30 rupee.
  • You must have at least 2,500 CashPoints to redeem against the statement balance.
  • CashPoints are valid only for a period of one year and expire thereafter.
  • HDFC Bank charges a redemption fee of Rs. 99 for every redemption request you make.

Travel Benefits

  • You get 8 complimentary domestic lounge access every year with a maximum cap of 2 lounge visits per quarter.
  • With the diners club variant, you get 2 complimentary international lounge access every quarter with the Diners Club international lounge program.

Dining Benefits

You get complimentary Dineout passport membership for the first three months (one-city) and 5% additional discount on dining.

Fuel Surcharge Waiver

1% of the fuel surcharge is waived on a minimum payment of Rs. 400 at all petrol stations across India (maximum waived amount is capped at Rs. 250 per payment cycle).

Joining and Renewal Fee Waiver

  • The joining fee of Rs. 1,000 is waived on the expenditure of Rs. 30,000 in the first three months of the issuance of the card.
  • The renewal fee can also be waived if the customer had spent an amount of Rs. 1,00,000 or above in the previous year.
  • Condition to make your HDFC Millennia Credit Card lifetime free: Activate one of SmartPay or One Assist or General Insurance or Balance Transfer on your card within the first 90 days after the card set up date and renew every year (any one product and one bill through SmartPay or two products/two bills via SmartPay).

Eligibility Criteria

Criteria Salaried Employees Self-Employed Individuals 
Age 21-60 Years 21-65 years
Income Minimum Rs. 25,000 per month Minimum Rs. 6,00,000 per annum (as per ITR)

Who should sign up for HDFC Bank Millennia Credit Card?

The HDFC Bank Millennia credit card, as the name itself suggests, should be the card of choice for young professionals who plan to begin their credit journey and build a strong credit profile. HDFC Bank, keeping its target customers in mind, offers extra benefits on shopping from partner websites including Amazon and Flipkart.

How to apply:

You can apply for HDFC Bank credit cards online on the bank’s official website. You need to-

  • visit the HDFC credit cards page on the bank’s official site.
  • Click/tap on the “Sign Up” button under the Millennia Credit Card.
  • You’ll need to submit certain documents including identity proof (like Aadhar card, Voter card, PAN card, etc), an address proof (Aadhar card, Voter card, driving license, utility bills, etc.), and proof of income (ITR acknowledgment or salary slips).

HDFC Bank is currently not onboarding new credit card customers owing to the temporary moratorium imposed by the RBI.

Conclusion

HDFC Bank’s Millennia credit card, one can say, is the ideal card for someone who has just started working and loves to shop online. Not only that it gives you 5% CashBack on India’s most popular online shopping websites, Amazon and Flipkart, it is also one of the cards to vouch for building a solid credit profile. Like any other credit card, this card also requires you to maintain financial punctuality, otherwise, a debt trap at an early age can be really troublesome. Before you make your mind, however, it is worth checking Citibank’s Cashback credit card. It also offers pretty good Reward Points benefits.

What do you think about this offering by HDFC Bank? Do let us know in the comments below. Existing cardholders, don’t forget to share your experience in the comments.

FAQs:

Yes, to get CashBack on online transactions (including Amazon and Flipkart), the minimum transaction size must be Rs.2,000. For offline transactions, the minimum transaction amount must be Rs. 100.

On Amazon and Flipkart, and for payments made for hotel/flight bookings via PayZapp or SmartBuy app, the maximum CashBack is capped at Rs. 1,000/month for the first six months and Rs. 750/month after six months of issuance of the card. The CashBack benefit on all other online and offline transactions is capped at Rs. 750/month.

You get gift vouchers worth Rs. 1000 as a launch offer if you spend Rs. 1,00,000 or above every quarter during the first year.

Your joining fee is waived if you spend at least Rs. 30,000 in the first 3 months of issuance of the card. The renewal fee is waived if you had spent an amount greater than or equal to Rs. 1,00,000 in the previous year.

No. The CashPoints have a validity of one year. You must use them within a year, else they’ll expire.

No. The interest has to be paid as per the stipulated APR, only if you are unable to pay your monthly statement balance in full till the payments due date. However, HDFC Bank does give you 3 grace days after the due date to make the payment.

 

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