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HDFC Millennia is one of HDFC Bank’s most rewarding credit cards on offer. If a cashback card is on your mind, HDFC offers a great option with the Millennia, which is fast becoming one of its most issued credit cards.
Targeted towards its namesake – Indian millennials – the HDFC Millennia has offers on frequently used portals such as Amazon, Flipkart, and Smartbuy (travel bookings). Here is our review of the HDFC Millennia credit card, where we delve deep into the pros, cons, rewards, cashback, and more. We attempt to answer the question of whether you should get one for yourself or not? you may also like to explore exciting offers on HDFC credit cards.
Fees and Charges
| Fees | Charges |
|---|---|
| Joining Fee | Rs 1,000 plus taxes |
| Annual Fee | Rs 1,000 plus taxes |
| Interest Rate | 3.49% per month |
Pros And Cons
Every credit card has its own pros and cons, some more of one than the other. Let’s have a look at HDFC Millennia’s pros and cons
Rewards and Cashback
HDFC Millennia has a ton of great options for rewards and cashback, which you can redeem as a statement credit (1 point = Re 1). Let’s have a look.
- 5% cashback on Amazon, Flipkart, flight, and hotel bookings (only via PayZapp and Smartbuy portals)
- 2.5% cashback on all other online spends
- The minimum transaction size is Rs 2,000 for both. You can earn a maximum of Rs 1000 cashback per calendar month in the first 6 months, and a max of Rs 750 cashback post 6 months from card issuance
- 1% cashback (up to Rs 750 per month) on all offline spends and wallet reloads
- 1% fuel surcharge waiver at all fuel stations
Who Should Get HDFC Millennia Credit Card?
With competitors like Amazon Pay ICICI and Flipkart Axis offering unlimited cashback, albeit, on their partner websites, the HDFC Millennia’s monthly limits and minimum transaction asks to look restrictive.
That said, it is a lifetime free credit card for HDFC customers. Thus, it makes sense for HDFC Bank account holders to get this card as their first card with the bank. They can use it regularly and for high spending to level up to more of HDFC Bank’s super-premium cards like Infinia and Diners Black.
Also, for those who like milestone benefits – this is a great entry-level card for you. You can easily make around Rs 5,000 extra in cashback by spending around Rs 4 lakhs in a year.
Eligibility Criteria
HDFC Millennia credit card eligibility is one of the most straightforward and simplest processes, especially if you are an existing HDFC Bank customer.
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
3. Income
- Salaried- More than Rs 25,000 per month.
- Self-employed- More than Rs 50,000 per month.
4. Location
You should be living and working in one of the serviceable pin codes on HDFC Bank’s website.
5. ID Proof (any one of the following)
- PAN Card
- Aadhaar Card
- Voter ID
- Driving License
- Passport
Ratings
Source: HDFC Bank
Cashback and Rewards: 4/5
Fees and charges: 5/5
Eligibility: 5/5
Overall: 4.5/5
Conclusion
HDFC Millennia is a great starter card if you are looking to build a relationship with HDFC Bank and unlock their super-premium products and services. However, in the general entry-level credit card market, cards like Amazon Pay ICICI and Flipkart Axis provide unlimited 5% cashback on their respective partners.Here you can also check hdfc diners club black credit card annual fee and hdfc regalia credit card offers.
In case you don’t want to get both the abovementioned cards and want similar benefits in one, the HDFC Millennia is for you. It is also for you if you like complimentary lounge visits and cashback on wallet reloads.
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