HDFC Regalia vs Millennia: Which is the Credit Card For You?

HDFC Regalia vs Millennia: Which is the Credit Card For You?

A credit card could be your one-stop solution if you want to get a range of benefits in different areas such as travel, retail, and lifestyle. HDFC Bank offers a variety of credit cards to its customers, including the HDFC Regalia and HDFC Millennia. Each of these credit cards has its own set of cashback and incentive offers and inclusion criteria.

To begin with, one of the most significant differences is that HDFC Regalia has been live for about ten years, but HDFC Millennia was only started in 2019. Second, HDFC Millennia is known for its cashback component, whereas HDFC Regalia rewards customers with points rather than direct cashback. Often applicants find it challenging to choose between these two cards, but don’t worry; this blog will help you clarify each of them by comparing their respective use cases, benefits, fees, and more.

HDFC Bank Regalia vs HDFC Bank Millennia

The HDFC Regalia credit card is beneficial for beginners who seek a significant return on all of their purchases in reward points while also saving money on travel. This card gives you 4 Reward Points for every Rs. 150 spent, with each Reward Point valued up to Rs. 0.30. The Joining fee of HDFC Regalia is Rs. 2500, which is decent if compared to other premium level credit cards; however, it seems to be a little expensive if compared with entry-level credit cards.

The HDFC Millennia Credit Card is one of India’s most famous reward cards since it offers good perks to customers for a low annual fee of Rs. 1,000. This card can earn you up to 5% cashback on your purchases. However, the card does not immediately provide you cashback; instead, you earn cash points on all of your purchases, with 1 Cash Point worth Re. 1 when redeemed against your balance.

 Pros and Cons of HDFC Regalia Credit Card

ProsCons
For international emergency hospitalisation, insurance coverage of up to INR 15 lakh is available.There are no air miles or co-branded privileges included in the travel rewards
Free domestic and international lounge visitsOnly after making four retail transactions, cardholders will be eligible for a complimentary Priority Pass membership.
Dineout Passport membershipYou cannot take out EMIs on gold or any other type of jewellery.    
If you spend Rs. 5 lakhs in an anniversary year, you’ll get a bonus of 10,000 HDFC Regalia Reward Points. 5,000 more if you spend over Rs 8 lakhs.

Pros and Cons of HDFC Millennia Credit Card

ProsCons
If you spend Rs. 1 lakh in a calendar quarter with the HDFC Millennia Credit Card, you can get a Rs 1,000 gift voucher.For the first six months, cashback is limited to Rs 1000 for each category, after which it is limited to Rs 750.  
  2 complimentary visits to a domestic airport lounge every quarter   
20% discount on partner restaurants 

HDFC Regalia Credit Card Charges

 

LabelFees
Joining Fees:Rs.  2,500 + GST
Annual Fees: Rs. 1000 + GST
Interest Rate:3.49% per month or 41.88% per annum

HDFC Millennia Credit Card Charges

LabelFees
Joining Fees:Rs 1000 + GST
Annual Fees:Rs 1000 + GST (Waived off if spent > ₹ 1 Lakh per calendar year.)
Interest Rate:3.6% per month

HDFC Regalia Vs HDFC Millennia Rewards

HDFC Regalia Rewards

Welcome Benefits

Customers do not get any welcome benefits with HDFC Regalia.

Cashback

HDFC Regalia gives its customers 4 reward points for every Rs. 150 spent on retail; these reward points can be redeemed for flights, hotel bookings, airmiles, and vouchers through net banking. Additionally, you may exchange your reward points for cashback at a rate of 1 Reward Point = Re. 0.20 as well.

Travel Benefits

Annually, HDFC Regalia provides complimentary domestic and international lounge access, including 12 complimentary domestic airport lounges. You can also apply for Priority Pass membership after completing four retail transactions. This allows you and your add-on member to access up to six foreign airport lounges for free each year.

Forex markup fee

HDFC Regalia charges a low foreign currency markup fee, which stands at 2%

Milestone Benefits

If you spend Rs. 5 lakh in an anniversary year, HDFC Regalia will award you 10,000 bonus reward points. Besides that, if you spend Rs. 8 lakh on this credit card in an anniversary year, you’ll get an extra 5,000 bonus reward points.

HDFC Millennia Rewards

Welcome Benefits

After paying the joining fee, you will receive 1,000 Cash Points as a welcome bonus from HDFC Millennia.

Cashback

You can get up to 5% cashback from HDFC Millennia on Amazon, BookMyShow, and Cult. Fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato purchases. You can avail of 1% cashback via this credit card for all other categories and expenses.

Travel Benefits

HDFC Millennia gives 8 complimentary domestic airport lounge access yearly with a maximum of 2 visits per quarter. However, depending on your Millennia Credit Card type, you will be charged Rs. 2 or Rs. 25 every swipe for lounge usage (Visa, RuPay, Mastercard, or Diners).

Forex markup fee

 HDFC Millennia has a 3.5% foreign currency markup fee.

Milestone Benefits

With the HDFC Millennia Credit Card, you can get a Rs. 1,000 gift voucher after spending Rs. 1 lakh (in a calendar quarter).

Who should get an HDFC Regalia Credit Card?

HDFC Regalia is an excellent pick for those who travel extensively (domestic or international) and want to enjoy lounge benefits. If you want to earn reward points on your transactions and can comfortably pay the annual fee, or complete the milestones, this card provides great value.

Who should get an HDFC Millennia Credit Card?

HDFC Milennia is appropriate if you have a minimum monthly income of Rs. 35000 per month and above. However, for HDFC Regalia, the candidate must be earning more than Rs. 1 Lakh per month to meet the income eligibility criterion. Aside from reward incentives, this card offers a slew of other perks, such as complimentary airport lounge access, attractive dining discounts, and more.

HDFC Regalia Eligibility Criteria

1. Age

  • If you are a salaried individual – 21 years to 60 years.
  • If you are a self-employed individual –21 years to 60 years.

2. Occupation

  • Self-employed Individuals
  • Salaried individuals

3. Income

  • For Salaried Individual – Net Monthly Income > Rs 1 Lakh
  • For Self-employed Individual – ITR > Rs 12 Lakhs per annum

4. Location

  • Only at serviceable pincodes per HDFC’s website.
ID Proof
  • PAN Card
  • Aadhaar card
  • Driver’s Licence
  • Passport
  • Voter’s ID
  • Overseas Citizen of India Card
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Letters issued by the UIDAI or any other government-approved photo ID proof
Address Proof
  • Aadhaar card
  • Driver’s Licence
  • Passport
  • Utility Bill not more than three months old
  • Ration Card
  • Property Registration Document
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Bank Account Statement or any other government-approved address proof
Income Proof (any one of the following)
  • Latest one or two salary slips (not more than three months old)
  • Latest Form 16
  • Last three months’ bank statement

HDFC Millennia Credit Card Eligibility Criteria

1. Age

  • If you are a salaried individual – 21 years to 60 years.
  • If you are a self-employed individual – 25 years to 65 years

2. Occupation

  • Self-employed Individuals
  • Salaried individuals
  1. Income
  2. Salaried- More than Rs 25,000 per month.
  3. Self-employed- More than Rs 50,000 per month.

3. Location

Only at the serviceable pincodes per HDFC’s website.

4. Documents

ID Proof

  • PAN Card
  • Aadhaar card
  • Driver’s Licence
  • Passport
  • Voter’s ID
  • Overseas Citizen of India Card
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Letters issued by the UIDAI or any other government-approved photo ID proof
Address Proof
  • Aadhaar card
  • Driver’s Licence
  • Passport
  • Utility Bill not more than three months old
  • Ration Card
  • Property Registration Document
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Bank Account Statement or any other government-approved address proof
Income Proof (any one of the following)
  • Latest one or two salary slips (not more than three months old)
  • Latest Form 16
  • Last three months’ bank statement

Conclusion

Although the HDFC Millennia Credit Card and the HDFC Regalia Credit Card are alike, they are not same. The two cards provide similar benefits, such as waiving renewal fees, but the terms are different. Users of HDFC Regalia can get a renewal fee waiver if they spend Rs. 3 lakh per year, while customers of HDFC Millennia can get it if they spend Rs. 1 lakh in a year.

Both credit cards waive the fuel surcharge on transactions between Rs. 400 and Rs. 5,000. With HDFC Millennia, you can earn a maximum waiver of Rs. 250 per statement cycle. The highest waiver with HDFC Regalia, on the other hand, is Rs. 500 every statement cycle.

To be precise, if you are a frequent spender on Amazon, Zomato, or Swiggy, then HDFC Millennia is a decent fit for you, but if you are a frequent traveller, then HDFC Regalia can bag complimentary membership of the Priority Pass lounge access.

On a different note, both cards allow for converting big-ticket purchases into EMIs. Insurance, Groceries, Medical, Petrol, Utility, Apparel, Education, Electronics, and Travel, are among the categories this facility covers. As a result,  one should examine his/her spending habits before making a decision.

FAQs

Which card is better, HDFC Millennia or Regalia?

HDFC Regalia has a low foreign currency markup fee of 2% versus 3.5% with the HDFC Millennia. Overall, HDFC Regalia is a clear winner for international travellers in terms of travel benefits, as it provides both domestic and foreign lounge access. However, the fact that the card is for high-end users can’t be ignored because of its high annual fees.

Which is the best credit card of HDFC?

HDFC Regalia is one of HDFC’s top selling credit cards to date. However, HDFC Bank has something for everyone’s needs, thus the best credit card can’t be justified because it will always be user-specific. You can also look at Millennia, Infinia, and Diners Black.

What is HDFC Millennia credit card?

 HDFC Millennia is famous for its cashback feature; it facilitates contactless payments for its users, along with 5% cashback with Amazon, Swiggy, Zomato, and other purchases.

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