Millennia Credit Card
Product Details
Credit Card Name :
Millennia Credit Card
Bank Name :
HDFC Bank
Type :
Lifestyle Credit Card
Interest Rate :
3.6% per month (or 43.2% per annum)
Eligibility :
For Salaried
Indian national
Age: Min 21 yrs & Max 40 Yrs,
Income: Gross Monthly Income> ₹35,000
For Self Employed
Indian national
Age: Min 21 yrs & Max 40 Yrs, Income: ITR > ₹6.0 Lakhs per annum
Pros
Reward System: 5% Cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato (Max cashback INR 1000 per month). 1% cashback on all other spends (except Fuel) including EMI & Wallet transactions (Max cashback INR 1000 per month).Upto 20% discount on partner restaurants via Swiggy Dineout.
Milestone Benefit: INR 1000 worth gift vouchers on spends of INR 1,00,000 and above in each calendar quarter. Customers can either claim the gift voucher or claim free domestic lounge visit.
Welcome Benefit: By paying your Joining Membership Fee you can get Gift Voucher equivalent to the Fee Amount.
Annual fee waived off on spending INR 1 Lakh in 12 months.
Cons
Low general cashback rate.
Limited value add benefits.
No free lounge visits.
No free movie tickets.
Pros & Cons
Welcome Benefits
Welcome Benefit: By paying your Joining Membership Fee you can get Gift Voucher equivalent to the Fee Amount.
Rewards System
Reward System: 5% Cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato. 1% cashback on all other spends (except Fuel) including EMI & Wallet transactions.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Reward System: 5% Cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato (Max cashback INR 1000 per month). 1% cashback on all other spends (except Fuel) including EMI & Wallet transactions (Max cashback INR 1000 per month).
Eligibility Criteria
For Salaried
Indian national
Age: Min 21 yrs & Max 40 Yrs,
Income: Gross Monthly Income> ₹35,000
For Self Employed
Indian national
Age: Min 21 yrs & Max 40 Yrs, Income: ITR > ₹6.0 Lakhs per annum
Benefits
Good cashback.
Decent welcome benefit.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Eligibility Check: Check your eligibility on the HDFC Bank website or by calling their customer care.
Choose Your Variant: HDFC Millennia comes in various variants with different annual fees and reward rates. Choose the one that best suits your spending habits.
Apply Online: The easiest way to apply is online through the HDFC Bank website. You'll need to provide basic information, income details, and supporting documents.
Document Verification: HDFC Bank will verify your documents and credit score.
Card Approval: If approved, you'll receive your HDFC Millennia Credit Card within 7-10 business days.
Contact Details
Toll free no. 800 202 6161 / 1860 267 6161
Account Opening and Procedure
Millennia Credit Card
The HDFC Bank Millennia Credit Card is a good option for young professionals and millennials who spend frequently on the partnered categories like Amazon, Swiggy, and movies. The high rewards on these spends, welcome bonus, fuel surcharge waiver, and other benefits offer decent value. However, the limited reward scope, lower point value, limited redemption options, and annual fee requirements might discourage those with diverse spending habits, seeking wider benefit options, or desiring the highest possible point value redemption.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining/Renewal Membership Fee – ₹1,000/- (Spend ₹1,00,000 or more in a year, before your Credit Card renewal date and get your renewal fee waived off )
Foreign Currency Transactions % Of transaction value: 2%
Reissue of Lost, Stolen or Damaged Card: ₹100
Outstation Cheque Processing Charge: For Cheque value upto ₹5,000 - ₹25 and for above ₹5,000 - ₹50
Add-on Card Fee: Lifetime Free
Late Payment Charges: Less than Rs. 100 – Nil Rs. 100 to Rs. 500 – Rs. 100 Rs. 501 to Rs. 5,000 – Rs. 500 Rs. 5,001 to Rs. 10,000 – Rs. 600 Rs. 10,001 to Rs. 25,000 – Rs. 800 Rs. 25,000 to Rs. 50,000 – Rs. 1,100 Above Rs. 50,000 – Rs. 1,300
Fuel Surcharge
1% fuel surcharge waiver at all fuel stations across India (on minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹250 per statement cycle)
Billing Cycle
30 Days