The HDFC Millennia Credit Card is a product of HDFC Bank, specifically targeted towards new credit card users, or millennials. This entry-level credit card offers a range of benefits including reward points, milestone rewards, and exclusive access to airport lounges and golfing events. In this article, we will review the HDFC Millennia Credit Card in detail, including its fees, rewards, and features.
Joining Fees
The joining fee for the HDFC Millennia Credit Card is INR 1,000 plus GST. However, cardholders can waive the fee by spending INR 50,000 or more in the first 90 days. The renewal fee is also INR 1,000 plus GST, but can be waived by spending INR 1,00,000 in a year.
Reward Points
The HDFC Millennia Credit Card offers rewards for online and shopping spends, with cashback percentages ranging from 1-5%. Transactions at select merchants, including Amazon, BookMyShow, and Uber, earn a 5% cashback with a maximum cap of 1000 points per cycle. Offline and wallet spends earn 1% cashback with the same maximum cap. However, it is worth noting that the points are not earned in real-time, but are added in bulk at the beginning of each month.
Reward Redemptions
CashPoints can be redeemed for statement credit at a rate of 1 CashPoint to INR 1 or for flight and hotel redemption at a rate of 1 CashPoint to INR 0.30. A minimum of 500 points is required for statement credit redemption.
Milestone Rewards
The HDFC Millennia Credit Card offers a milestone reward of a Rs. 1000 gift voucher on spends of Rs. 1 Lakh in a calendar quarter. This is a 1% lift on the reward rate, which can increase to 2% if the milestone is met every quarter. The fulfilment of this reward is also relatively quick, taking about a week to be received. Redemption options include vouchers from a variety of brands, with the Amazon voucher being the most popular.
You can check out the official page for HDFC Millennia Credit Card here on hdfc bank website.
HDFC Millennia Credit Card Variants
The HDFC Millennia Credit Card is available in three variants: Visa (Signature), Mastercard (World), and Diners Club. The variant issued to a cardholder may vary based on the sourcing medium or a specific ratio set by HDFC Bank. Cardholders may not have the option to choose the variant but if they are facing issues with acceptance, they can contact the bank for assistance.
Design
The design of the HDFC Millennia Credit Card is sleek and modern, with a minimalist look that appeals to millennials.
Airport Lounge Access
The HDFC Millennia Credit Card offers exclusive access to airport lounges across the country, providing cardholders with a comfortable and luxurious experience while traveling.
Golf Benefit
The HDFC Millennia Credit Card also offers a golf benefit, where cardholders can enjoy free green fees at select golf courses across the country.
HDFC Benefits
In addition to the above benefits, the HDFC Millennia Credit Card also offers a range of benefits available to all HDFC credit card holders, such as 24/7 customer service and fraud protection.
The HDFC Bank Millennia Credit Card offers cardholders peace of mind with its zero lost card liability feature. If a card is reported lost or stolen immediately to the 24-hour customer service center, cardholders will not be held liable for any fraudulent transactions made on the card.
Additionally, the card offers cardholders up to 50 days of interest-free credit from the date of purchase, as long as the charges are submitted by the merchant. The card also has the option for revolving credit at a nominal interest rate.
Furthermore, the HDFC Bank Millennia Credit Card offers exclusive dining privileges through the Good Food Trail Dining program at premium restaurants across top cities.
My experience with HDFC Millennia Credit Card:
I applied for HDFC Millennia Credit Card based on existing credit card and i choose to only give my statement for my amazon pay icici credit card with 4 Lakhs credit limit and i was approved for HDFC regalia business Credit card but as i wanted cashback card i opted for HDFC Millennia Credit Card. The application was approved in 2 days and the card was received at my address within a week through bluedart courier.
I also enrolled in HDFC Global value program ( Read my review about it here) to get 1% rewards extra on international transactions which has reduced by forex markup rate form 3.5% + GST to 2.5% + GST. If you consider the 1% rewards by default on all online transactions then i only get 1.5% markup fee.
Bottomline
Overall, the HDFC Millennia Credit Card is a solid entry-level credit card option for millennials. With its range of rewards, milestone benefits, and exclusive access to airport lounges and golfing events, it offers a great value for its annual fee. However, it’s worth noting that the point earning and redemption process is not as instant as other credit cards in the market.
HDFC Millennia Credit Card FAQ
The HDFC Millennia Credit Card is a product offered by HDFC Bank, targeted towards new credit card users or millennials. It is an entry-level credit card that offers a range of benefits including reward points, milestone rewards, and exclusive access to airport lounges and golfing events.
The annual fee for the HDFC Millennia Credit Card is INR 1,000 plus GST. However, the fee can be waived by spending INR 50,000 or more in the first 90 days for the joining fee, and INR 1,00,000 in a year for the renewal fee.
The HDFC Millennia Credit Card offers rewards for online and shopping spends, with cashback percentages ranging from 1-5%. Transactions at select merchants earn a 5% cashback with a maximum cap of 1000 points per cycle, while offline and wallet spends earn 1% cashback with the same maximum cap.
CashPoints can be redeemed for statement credit at a rate of 1 CashPoint to INR 1 or for flight and hotel redemption at a rate of 1 CashPoint to INR 0.30. A minimum of 500 points is required for statement credit redemption.
The HDFC Millennia Credit Card offers a milestone reward of a Rs. 1000 gift voucher on spends of Rs. 1 Lakh in a calendar quarter. This is a 1% lift on the reward rate, which can increase to 2% if the milestone is met every quarter.
The HDFC Millennia Credit Card is available in three variants: Visa (Signature), Mastercard (World), and Diners Club. The variant issued to a cardholder may vary based on the sourcing medium or a specific ratio set by HDFC Bank.
If you are an HDFC Millennia Credit Card holder, we would love to hear your thoughts on the card. Please share your experiences in the comments section below.