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HDFC Millennia Credit Card- Cashback Card for Millennials

Home HDFC Bank HDFC Millennia Credit Card- Cashback Card for Millennials
Updated: 04-12-2024 06:22:42 AM

Author: Megha Khanna

HDFC Millennia Credit Card was the first credit card I got. Though I was also eligible for HDFC Moneyback, I chose Millennia as it would offer significant value back on most of my purchases across everyday brands like Zomato, Amazon, Swiggy, Uber, etc. With this card, I can also earn cashback on EMI and wallet reloads, which is a rare benefit on an entry-level credit card. Read my first-hand experience with HDFC Millennia Credit Card to understand its all-round features across multiple categories.

Initially, I started using the Millennia Credit Card to understand how a credit card functions, and thought of switching to a ‘better’ card with time.

However, to my surprise, after using this card for almost two years now, I don’t feel the need to upgrade or switch to another card. What I like the most is that it fits well with my spending patterns, as most of my transactions are on Uber, Zomato, and Myntra.


Note:  With effect from December 1, 2023 complimentary lounge access is integrated with the milestone benefits. On spending Rs. 1 Lakh in a quarter you either get a complimentary lounge access or Rs. 1,000 voucher from the available list of brands.

Check Fees & Charges     |     Who is Eligible?     |    Check Eligibility & Apply Now

HDFC Millennia Credit Card Overall Rating: ★★★
Cashback  on popular brands Cashback on other spends Milestone Benefits Other Benefits
★★★★ ★★★  ★★★ ★★★

Final Video Icon  Quick View: HDFC Millennia Credit Card’s Features (Video)

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High Cash Back on Top Online Brands

If you are a millennial, this card will most likely fit with your spending patterns, just like it fits with mine. This card offers 5% cashback on popular everyday brands, such as Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato. The best part is that there is no minimum transaction value requirement for earning the 5% cashback benefit. Additionally, while most cards do not offer any reward benefit on EMI purchases and wallet reloads, this credit card offers 1% cash back on such transactions as well. This is a very rare benefit offered and is an added feather to the card’s satisfactory features.

The maximum cashpoint limit is as follows:

  • 5% cashback on popular everyday brands: 1,000 cash points per statement cycle
  • 1% cashback on all other spends, including EMI & Wallet transactions: 1,000 cash points per statement cycle

If you are planning to apply for this credit card, you must note that this is a cashback credit card, that offers cash points instead of direct cashback. The cashback is offered via Cash Points, which functions the same as rewards points offered on a rewards credit card. For instance, if you spend on the following categories, you will earn cash points as follows:

Spending Category Cashback Category Amount Cash Points Earned
10 Online Merchants 5% cashback Rs. 15,000 750 Cash points
Other Spends 1% cashback* Rs. 10,000 180 Cash points
EMI Purchases Rs. 8,000

*Note that 1% cashback on EMI & wallet reloads are offered collectively with the ‘other spends’ category.

The highest cash back rate on most cashback credit cards is 5%, but most of these restrict this accelerated earning to certain brands/categories. HDFC Millennia is also based on a similar model. However, one card that offers similar value without any such restrictions is Cashback SBI Credit Card.

Still Millennia is a preferred choice for me, since the 10 associated brands are the ones I spend the most at, thereby the merchant restrictions hardly make a difference. For you, it could be different, if your preferred brands are not fixed, but you still spend a lot online. For other spends, the 1% cashback category serves the same purpose. However, the monthly capping limit is much more relaxed in the case of Cashback SBI, in comparison to HDFC Millennia. If you are a new user, you can apply accordingly.

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Transactions not eligible for cash points on HDFC Millennia Credit Card

Fuel spends, Rent Payments & Government Related Transactions, Cash Advances, Payment of Outstanding Balance, Payment of card fees and other charges, Smart EMI & Dial-an-EMI transactions

Recent Updates for Rent payment via HDFC Millennia Credit Card

Before 1st January 2023, I could earn rewards on my rent payments as well.   Earlier the 1% cashback category was inclusive of rent payments, wallet reloads, and EMIs.  However, the maximum capping for earning rewards in the 1% category stays the same at 1,000 cash points, per statement cycle.

To maximize the 1% cashback benefits, I usually pay my utility bills by adding money from my credit card to my Paytm wallet. You can also consider getting an Axis Ace Credit Card, if you spend a lot on bill payments, and specifically through Google Pay. Since my bill payment is limited, and I prefer Paytm over Google Pay, Millennia serves the purpose right for me.

HDFC Millennia Credit Card Offer

Multiple Redemption Options

Apart from a good value back, what else keeps me glued to using this card is the choice of multiple redemption options. The cash points earned can be redeemed against statement balance, hotel and flight bookings at the Unified SmartBuy portal, product catalog, and as air miles. The redemption value is as follows:

Category  1 cash point equals to
Cash Back (statement balance) Rs. 1
Unified SmartBuy  (Flight/Hotels Bookings) Re. 0.30
Product Catalog Up to Re. 0.30
Airmiles 0.30 air miles

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Terms & Conditions for Cash Point Redemption
Other Top Features Offered by HDFC Millennia Credit Card
At a Glance: HDFC Millennia Credit Card
HDFC Millennia Value Back Comparison with Other Cashback Credit Cards
Is the annual fee of Rs. 1,000 justified?
Drawbacks of HDFC Millennia Credit Card
Should you get the HDFC Millennia Credit Card?
HDFC Millennia Credit Card: Fees & Charges
HDFC Millennia Credit Card: Eligibility & Documentation
Cards Similar to HDFC Millennia Credit Card
FAQs

Terms & Conditions for Cash Point Redemption

  • For redemption against the statement balance, the minimum cash point balance requirement is 500 cash points.
  • All accumulated cash points have an expiry date of 2 years from the date of accumulation.
  • For flights and hotel redemption, you can redeem up to a maximum of 50% of the booking value through a cash point. You will have to pay the remaining transaction amount with a credit card.
  • Reward points redemption for flights & hotel bookings are capped at 50,000 per calendar month, as applicable from 1st January 2023.
  • Cashback reward points redemption against the statement balance is capped at 3,000 cash points per calendar month, as applicable from 1st February 2023.
  • You can redeem up to 70% of the product/voucher value via cash points on select products/vouchers. The rest is to be paid with a credit card, as applicable from 1st February 2023.

Other Top Features Offered by HDFC Millennia Credit Card

  • The card offers 1,000 bonus cash points on payment of the joining fee. Thus, on redeeming these points against the statement balance, you can avail of the equivalent value-back benefit.
  • The Millennia card also offers complimentary milestone benefits every quarter on spending Rs. 1 Lakh. You have a choice to either avail 1 complimentary lounge access or a voucher worth Rs. 1,000 from the list of associated brands. This has been in effect from December 1, 2023.

Explore Top Lounge Access Credit Cards in India

  • The card offers milestone benefits, not only annually but even quarterly. You can avail an annual fee waiver of Rs. 1,000 on spending Rs. 1 lakh in a year. Additionally, you get Rs. 1,000 worth of gift vouchers on spending of Rs. 1 Lakh and above in each calendar quarter.

Also Check: HDFC Infinia Credit Card 

Note that the annual fee waiver is easily attainable with the Millennia Credit card. It can be availed on spending Rs. 1 Lakh in a year, amounting to about Rs. 8,500 in a month. This is not that a big amount, especially when the accelerated cashback is linked with top everyday brands.

On spending Rs. 8,500 in a month, apart from the annual fee waiver, you will also be additionally earning cash points. Even if you spend Rs. 8,500 on the accelerated category, you can earn around 425 cashpoints. These could give you a value back of around Rs. 5,100 in a year, if redeemed across statement balance.
  • You also get to avail 1% fuel surcharge waiver on your transactions between Rs. 400 to Rs. 5,000. You can earn a maximum cashback of Rs. 250 per statement cycle.
  • The card offers dining discounts, up to 20% on partner restaurants via Swiggy Dine Out, on payments done via Swiggy App.
Availing of dining discounts with this credit card is easy. Note that, a similar range of discounts on dining is offered by Zomato to the Zomato Gold members. However, on owning the HDFC Millennia Credit Card, I am able to avail the same benefits as Zomato Gold members, without purchasing any separate membership or subscription plans.

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HDFC Millennia Value Back Comparison with Other Cashback Credit Cards

If we talk about the top cashback credit cards with benefits on everyday online brands, Flipkart Axis Bank and Amazon Pay ICICI cards would top the list. However, by using the Millennia Credit card, I get to avail the benefits offered by both Amazon Pay ICICI Credit Card and Flipkart Axis Bank Credit Card. I also own the Flipkart Axis Bank Credit Card, which offers incremental benefits on Flipkart. However, with Millennia, I don’t feel the need to use that card, since Millennia offers the value back on these two brands along with other brands as well.

Spends HDFC Millennia Credit Card Amazon Pay ICICI Credit Card Flipkart Axis Bank Credit Card
Rs. 5,000 spent on Myntra 250 cash points Rs. 50 Rs. 75
Rs. 5,000 spent on Amazon 250 cash points Rs. 250 Rs. 75
Rs. 5,000 spent on Flipkart 250 cash points Rs. 50 Rs. 250
Rs. 5,000 spent offline & Rs. 10,000 on EMI purchase 150 cash points Rs. 50 Rs. 75
Total value back Rs. 900* Rs. 400 Rs. 475

* On redemption against statement balance.

Based on the above comparison, you should consider getting the HDFC Bank Millennia Credit Card if your online spends are scattered amongst the 10 partnered online brands. However, you should consider getting an Amazon Pay ICICI Bank Credit Card or a Flipkart Axis Bank Credit Card, if you are an Amazon or a Flipkart loyalist. There is no upper limit on earning cashback on these cards, whereas, in the case of Millennia, it is capped at 1,000 cash points per statement cycle. Thus, if you are a loyalist of these brands you will be able to maximize the HDFC Millennia Credit Card benefits.

Also, in comparison to Millennia Credit Card which offers cash points in the subsequent month, with the Flipkart Axis Bank Credit Card and  Amazon Pay Card, cashback is reflected in the same month as the transaction, in card statement and Amazon wallet, respectively.

Is the annual fee of Rs. 1,000 justified?

Other than Cashback SBI Credit Card and HDFC Millennia, no other cashback credit card charges an annual fee of more than Rs. 500.

If looked upon as an entry-level credit card, HDFC Bank Millennia Credit Card definitely charges a comparatively higher fee than most of the cards in this category. However, though cards like SBI SimplyCLICK and RBL Bank Shoprite are entry-level cards that come with co-branded benefits with multiple brands, the actual value back on these cards is much lower in comparison. This is because the redemption options are limited, for example, with SBI Simply Click the maximum value back you can avail for a reward point is Rs. 0.25, whereas, for millennia the redemption is at 1:1 ratio.

Total yearly savings estimate  with HDFC Millennia Credit Card
Via bonus welcome points Rs. 1,000
Via 5% cashback Rs. 12,000
Via 1% cashback Rs. 12,000
Quarterly milestone benefit Rs. 4,000
Savings from Fuel surcharge waiver Rs. 3,000
Via Annual fee waiver Rs. 1,000
Total Rs. 34,000

*We have derived the above savings estimate, based on the maximum redemption value back, in the ratio of 1:1.

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Drawbacks of HDFC Millennia Credit Card

  • Even when the card claims to offer rewards on wallet reloads and EMI transactions, the cash points  are offered inclusively with the ‘other spends’ category. Thus, the overall value back benefits offered on the offline spends can not be maximized. Especially,  if you use your card for offline, EMI and wallet reload transactions at the same time.
  • The upper limit set on the earning of cash points is fairly low at 1,000 cash points per statement cycle, per category. Thus, restriction on earning rewards, irrespective of the spent value.
  • The cashback earned on transactions is credited in the next billing cycle, thus, it becomes difficult to keep track of how much you have earned.
  • With time HDFC has put on more restrictions, with the redemption options. Now you can redeem a maximum of 3,000 cash points only as cashback. Thus, the maximum value back you can get per month, will be Rs. 3,000 per month, no matter how big you have spent.

Should you get the HDFC Millennia Credit Card?

You should consider getting the HDFC millennia credit card if:

  • you use your credit card for most transactions
  • your spends are not inclined towards any specific brands
  • most of your credit card spends are online, and that too with the linked partner brands
  • you are looking for an entry-level credit card with all-rounder benefits
  • you would be able to spend Rs. 1 Lakh in a year to get the annual fee of Rs. 1,000 waived off

Alternatively, consider other credit card options if:

  • you are looking for brand or category-specific benefits
  • you prefer direct cashback over cash points redemption
  • paying an annual fee of Rs. 1,000 is too much for you

HDFC Millennia Offer

HDFC Millennia Credit Card: Fees & Charges

Below mentioned are the fees and charges associated with this credit card:

Type of Fee or Charge  Amount
Joining Fee Rs. 1,000
Annual Fee Rs. 1,000 (Waived off on spending Rs. 1 lakh in the previous year)
Finance Charges 3.75% p.m. | 45% p.a.
Late Payment Charges For Statement Balance:

Up to Rs. 100: Nil
Rs. 101 to Rs. 500: Rs. 100
Rs. 501 to Rs. 1,000: Rs. 500
Rs. 1,001 to Rs. 5,000: Rs. 600
Rs. 5,001 to Rs. 10,000: Rs. 750
Rs. 10,001 to Rs. 25,000: Rs. 900
Rs. 25,001 to Rs. 50,000: Rs. 1,100
More than Rs. 50,000: Rs. 1,300

Click here to check other associated fees and charges. | HDFC Credit Card Fees & Charges

HDFC Millennia Credit Card: Eligibility & Documentation

You must fulfill the below-mentioned eligibility criteria to apply for HDFC Millennia Credit Card:

Criteria Details
Occupation Salaried or Self-employed
Age Requirement 21 to 40 years
Minimum Income for Salaried Rs. 35,000 p.m.
Minimum Income for Self-Employed ITR> Rs. 6 lakh p.a.
Serviceable Cities Click here for the list of eligible cities
Documents Required Click here for the list of acceptable documents

Please note that the above eligibility and documentation details are only indicative. The final decision on approval or rejection of your application rests solely with HDFC Bank.

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FAQs

Q. I already have an HDFC Credit Card. Can I apply for HDFC Millennia Credit Card?
HDFC Bank allows you to have two different HDFC Credit Cards in very rare cases, as in general, it does not allow the same. If you are keen to avail HDFC Millennia Credit Card, you can put forth a card upgrade request. For more details, you can contact the HDFC Credit Card Customer Care .

Q. How can I apply for HDFC Millennia Credit Card?
You can apply for this credit card through online as well as offline modes. You can apply online by visiting the official website of the bank. If you want to apply offline, you can visit the nearest branch of the bank to fill out the application form. You can also apply for HDFC Millennia Credit card, with Paisabazaar. Click here to apply.

Q. What is the credit limit offered on HDFC Millennia Credit Card?
The credit limit is decided by the bank after scrutinizing your application. The bank considers various factors like credit score, repayment capacity, income and more while deciding your credit limit. You will get to know your credit limit only after applying for the credit card.

Q. I have just started with my new job. Will I be eligible for HDFC Millennia Credit Card?
To be eligible for any credit card, you should be employed in your current organization for at least 6 months. Also, the minimum income requirement to apply for this credit card is Rs. 35,000 per month. However, if you have a salary account with HDFC Bank, the eligibility criteria may be relaxed.

Q. What should I do if I lose my HDFC Millennia Credit Card?
As soon as you notice the loss of your card, you should inform the bank by calling on the customer care number. The bank representative will immediately block your credit card to prevent it from any fraud. Additionally, you can also report the loss of your credit card through the official website of the bank.

Q. What is the cash advance fee charged on HDFC Millennia Credit Card?
The cash advance fee charged on HDFC Millennia Credit Card is 2.5% of the withdrawn amount or Rs. 500 (whichever is higher). Therefore, you should not withdraw cash using your credit card as it comes with additional charges.

Q. How can I see offers on my HDFC Millennia Credit Card?
You can see all the available offers on your credit card by logging in to the HDFC net banking. All you need to do is log in to the net banking portal and click on the ‘Offers’ section. Under this section, you’ll be able to see all the available offers on your credit card.

Q. How can I check the status of my HDFC Millennia Credit Card?
You can check the status of your credit card through the official website of the bank. You need to click on ‘Credit Card’ under the ‘Products’ tab and then click on the ‘Track your Credit Card Application Status’ option. Enter the asked details and the status of your application will be shown on the screen.

  • Megha Khanna

    Author- Megha Khanna

    Living, Loving and Laughing | She loves reading and writing in her free time. Professionally she is a content writer, proficient in writing about financial products like loans and credit cards.

10 Comments
Nikhil
May 7, 2024

I spend 117000 online on lenovo site how much cash point I will earn

Reply
Team PaisaBazaar
May 8, 2024

The card spends made on the Lenovo website fall under the 1% cashback category. So, you can earn 1,170 Cash Points on your purchase, but since the cashback earning is limited to up to 1,000 Cash Points per month, you will accrue 1,000 Cash Points in that month, instead of 1,170. In addition to this, you will also be eligible for the milestone benefit of either gift voucher worth Rs. 1,000 or 1 complimentary airport lounge access for that calendar quarter and annual fee waiver for the next year even if you do not make any other card spend that year.

Suresh Kumar
September 2, 2023

Please confirm millennia credit card limit.

Reply
Team PaisaBazaar
September 19, 2023

Credit card limit is based on your monthly income, credit history and score, current loans or credit cards and other similar factors. And it is not possible to predict the credit limit that will be assigned to you. So, you can know your credit limit only when you get your credit card after your application is accepted.

PRINCE KURMI
August 26, 2023

Mujhe millennia credit card ka sakht jarurat hai

Reply
Team PaisaBazaar
August 29, 2023

Please visit this link- https://www.paisabazaar.com/cards/
Fill out your details to check whether you are eligible for this card. If yes, you can continue with the application. If you are not eligible, you may check other similar credit cards and apply for the one that best suits your needs.

avant
July 4, 2023

how to earn cashback 5%
just by directly using the card to make payment on amazon or by any discount code??

Reply
Team PaisaBazaar
August 29, 2023

5% cashback will be applicable on all Amazon spends; no discount code is needed.
The cashback will be credited in your card account in the subsequent month of making the transaction.

Amit Kumar Sharma
July 2, 2023

Good evening miss,
I have a question regarding hdfc millenia credit card
The maximum cash points earned 1000 in a month
is in a Callender cycle or in a credit cards statement cycle

Reply
Team PaisaBazaar
August 29, 2023

Maximum cash point threshold is for a statement cycle.

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