As the name suggests, the HDFC Millennia Credit Card is meticulously curated to cater to the lifestyles and aspirations of millennials. This credit card from HDFC Bank is best suited for those who want to lead a high-standard life. This credit card has more emphasis on cashback than reward points. With the Millennia Card, you may shop on Amazon and Flipkart and get rewarding cashback.
Additionally, there are some free deals for domestic airport lounges. Even contactless payments without inputting a PIN are possible with this card. With this HDFC credit card, you can enjoy exquisite dining while saving time. You can also use this card to receive the fuel surcharge discount and cut off your fuel expenses.
Indeed, this credit card is a perfect pick for people who love to travel and shop with more luxury. Sound’s just perfect, right? Well, we have put all the important information for this card in this blog. So, read this blog till the end to find out why this card is called the “Millennia Card.”
Details of HDFC Millennia credit card
HDFC Millennia credit is one of the best credit cards for shopping online. It offers up to 5% cash back on online transactions and 1% cash back on all other spending. Let’s have a look at some basic details of this card:
1,000 CashPoints as a welcome benefit on card setup (subject to realization of the joining fee).
5% cashback at selected online merchants, including popular e-commerce websites like Amazon and Flipkart.
Complimentary Dineout Passport membership for the initial three months of card membership.
8 complimentary lounge visits annually (max 2 per quarter) at all domestic airports across India.
Renewal fee waiver on spending Rs. 1,00,000 in the previous year.
₹1000 worth of gift vouchers on spending of ₹1,00,000 and above in each calendar quarter.
Top features & benefits of HDFC Millennia Credit Card
Get rewarded for every spend.
You can receive 5% cashback with the Millennia credit card on purchases made through PayZapp and SmartBuy on Amazon, Flipkart, hotel, and flight reservations. Enjoy 1% cashback on all offline purchases and wallet reloads and 2.5% cashback on all online purchases.
Zero liability for lost cards
If your card is lost or stolen, report it immediately to the HDFC credit card customer service, which is available around the clock. You won’t be held responsible for any fraudulent transactions that are made using your card.
Lounge access
Obtain eight complimentary passes to domestic airport lounges each year (2 in a quarter and Rs. 2 will be charged per swipe on your HDFC Millennia credit card).
Fuel surcharge waiver
Receive a 1% fuel fee waiver for fuel purchases made at any gas station in India. The waiver is eligible for card transactions up to a maximum cashback of Rs. 250 per statement cycle and between Rs. 400 and Rs. 4,000.
Cashback accrual
On your HDFC Millennia credit card, you can redeem collected cashback in the form of cash points against the statement balance at a rate of 1 cashpoint = Rs.
Joining and renewal fee waiver
The annual charge for this credit card is Rs. 1,000, but it can be waived if the cardholder spends more than Rs. 100,000 in the anniversary year. To get your HDFC Millennia Credit Card lifetime-free, you must activate one of the following services within 90 days of the card’s issuance. (SmartPay, One Assist, General Insurance, or Balance Transfer).
You must renew each year (either one product and one bill through SmartPay, or two products and two bills via SmartPay).
Dining benefits
Up to 20% discount at partner restaurants with Dineout Passport (applicable only for the first 3 months of card membership). Enjoy the Good Food Trail Dining program at fine dining places in premier cities, which offers the following:
A guaranteed 25% discount at more than 2000 high-class eateries.
200+ restaurants provide the 1+1 buffet.
1+1 meals and beverages at particular trails.
HDFC Millennia credit card reward points and cashback
The cashback you receive when using the HDFC Millennia Credit Card is deposited to the card account as CashPoints. These CashPoints can be redeemed for a number of things, including cashback (details below) (adjustment against the due balance on the card). With the HDFC Millennia Card, you can get the following rewards:
Amazon, BookMyShow, Cult. fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato are among the online retailers that offer 5% cashback.
1% reward on all online and offline purchases, such as EMIs, wallet, gifts, prepaid card loading, and voucher purchases, excluding fuel purchases,
The maximum number of CashPoints that can be earned per statement cycle under the 5% and 1% categories is 1,000 CashPoints (max 2,000 CashPoints can be earned in a given statement cycle).
Fees & charges on HDFC Millennia credit card
Annual fee: The HDFC Millennia Credit Card carries Rs. 1,000 as an annual fee. After spending a minimum of Rs. 1 lac in the previous year, the annual charge is exempt.
Interest rate: If you are unable to pay off all of your balances by the payment due date, you will be required to pay interest at a rate of 3.6% per month (or 42.3% per annum) on the amount due on the card statement.
Foreign currency markup: The cardholders must pay a 3.5% foreign exchange fee on the amount being transacted. All overseas transactions made with this credit card are subject to this charge.
Cash withdrawal fee: A cash advance fee of 2.5% of the withdrawn amount must be paid for each cash withdrawal made using this card.
Late payment fee: In addition to the interest rate, a late payment fee in the following slab will be charged if you are unable to pay off all of your debts by the payment due date.
Eligibility & Documents required for HDFC Millennia Credit Card
Eligibility Criteria:
A salaried individual should be between the age of 21-60 years with a net monthly income of greater than Rs. 25,000 per month.
A self-employed individual should be between the age of 21-65 years and must have filed an ITR of more than Rs. 6 Lakhs in a year.
The applicant should either be a resident of India or an NRI.
Documents Required:
A copy of the PAN card or Form 60
Colour photograph
Income tax returns with computation sheet
Residence proof and identity Proof
Bottom line
One could say that the Millennia credit card from HDFC Bank is perfect for someone who has recently begun working and enjoys online shopping. Additionally, it offers 5% CashBack on Amazon and Flipkart, India’s two biggest online retailers. It is also one of the cards to seek for building a solid credit profile. This credit card, like all others, necessitates that you practice sound money management; otherwise, being caught in a debt cycle at a young age can be extremely difficult.
FAQs
A monthly income of INR 35,000 is required for a salaried individual to get this card. Moreover, an ITR of 6 lakhs per year is needed for a self-employed person.
The credit limit will be disclosed at the time of approval. Before determining the credit limit of your Millennia Card, the bank will look at your income and credit score.
You need to maintain a Cibil Score of 750 or higher for getting this card.