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HDFC Millennia Credit Card: Best Cashback Credit Card?

HDFC Millennia Credit Card: Best Cashback Credit Card?

If you are looking for a credit card that offers cashback on all your spending, HDFC Millennia Credit Card might be a good option for you. This card is designed for millennials who want to save more and enjoy more. In this blog post, we will review the features and benefits, pros and cons, fees and charges, application process, and a conclusion of this card.


HDFC Millennia Credit Card:

  • Joining Fees: INR 1000

  • Interest Rate: 3.6% per month (or 43.2% per annum)

  • Welcome Benefit: Up to 50 days of interest free period on your HDFC Bank Millennia Credit Card from the date of purchase Pay your Joining Membership Fee and get Gift Voucher equivalent to Fee Amount (applicable only on payment of joining membership fee)

  • Special Feature: 5% Cashback on Amazon, BookMyShow,, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato.


Features and Benefits


  • HDFC Millennia Credit Card offers 5% cashback on Amazon, Flipkart, flight and hotel bookings on shopping via PayZapp and SmartBuy, 2.5% cashback on online shopping and 1% cashback on all offline spending.

  • The cashback is credited as reward points, which can be redeemed for statement credit, gift vouchers or flight and hotel bookings on SmartBuy.

  • The card also offers a welcome benefit of 1000 reward points on spending Rs. 30,000 in the first 90 days and a renewal benefit of 2000 reward points on paying the annual fee.

  • The card comes with a complimentary domestic lounge access per quarter and a fuel surcharge waiver of up to Rs. 250 per month.

  • The card also offers zero liability on lost card, emergency card replacement, free accidental death insurance of up to Rs. 50 lakh and free fire and burglary protection of up to Rs. 2 lakh for goods purchased using the card.

Pros and Cons




  • The card offers a high cashback rate on online shopping and PayZapp/SmartBuy transactions, which can help you save more on your spending.

  • The card has a low annual fee of Rs. 1000, which can be waived off if you spend Rs. 1 lakh in a year.

  • The card has a low interest rate of 1.99% per month, which can help you manage your finances better.

  • The card has a flexible reward redemption option, which allows you to choose from statement credit, gift vouchers or travel bookings.




  • The card has a high minimum transaction amount of Rs. 2000 to earn cashback, which might limit your earning potential.

  • The card has a low cashback cap of Rs. 750 per month, which might not be sufficient for heavy spenders.

  • The card does not offer any benefits on dining, entertainment or lifestyle categories, which might not suit your preferences.

  • The card does not offer any airport lounge access or travel insurance benefits, which might not meet your travel needs.

Fees and Charges


  • Annual fee: Rs. 1000 (waived off on spending Rs. 1 lakh in a year)

  • Joining fee: Rs. 1000 (waived off on spending Rs. 30,000 in the first 90 days)

  • Cash advance fee: 2.5% of the amount withdrawn or Rs. 500, whichever is higher

  • Late payment fee: Rs. 100 to Rs. 950 depending on the outstanding balance

  • Over-limit fee: 2.5% of the over-limit amount or Rs. 500, whichever is higher

  • Foreign currency mark-up fee: 3.5% of the transaction amount

  • Reward redemption fee: Rs. 99 per redemption request

Application Process

To apply for HDFC Millennia Credit Card, you need to meet the following eligibility criteria:


  • You should be an Indian citizen

  • You should be between 21 and 60 years old

  • You should have a stable source of income

  • You should have a good credit score


You can apply for the card online by visiting the HDFC Bank website or offline by visiting the nearest HDFC Bank branch. You need to fill up an application form and submit the required documents such as identity proof, address proof, income proof and PAN card. The bank will verify your details and approve or reject your application within a few days.

Critical Analysis:

Fees: HDFC Millennia credit card charges an annual fee of Rs. 1000, which is waived off if you spend Rs. 30,000 or more in a year. The interest rate is 3.49% per month, which is lower than the average interest rate of 3.6% per month charged by most credit cards. The cash advance fee is 2.5% of the amount withdrawn or Rs. 500, whichever is higher. The foreign currency markup fee is 3.5% of the transaction amount.

Rewards: HDFC Millennia credit card offers a generous reward program, where you can earn up to 5% cashback on all your spends. You can earn 5% cashback on online spends, 2.5% cashback on offline spends and 1% cashback on wallet reloads. You can also earn accelerated rewards on select partner merchants and categories. The cashback is credited as reward points, which can be redeemed for vouchers, products or statement credit.

Benefits: HDFC Millennia credit card comes with a host of benefits, such as complimentary lounge access at domestic airports, fuel surcharge waiver, zero liability on lost card, insurance cover for accidental death and air accident, and discounts on dining, shopping and travel. You can also enjoy EMI options on your purchases and access to SmartBuy portal for exclusive deals and offers.

Features: HDFC Millennia credit card has some unique features that make it stand out from other credit cards. For instance, it has a contactless payment feature that allows you to tap and pay without entering your PIN for transactions up to Rs. 2000. It also has a dynamic CVV feature that changes the CVV every 48 hours for enhanced security. Moreover, it has a smart statement feature that categorizes your spends and helps you track your expenses.


HDFC Millennia Credit Card is a good choice for online shoppers who want to earn cashback on their spending. The card has a low annual fee, low interest rate and flexible reward redemption option. However, the card has some drawbacks such as a high minimum transaction amount, low cashback cap and limited benefits on other categories. Therefore, you should compare this card with other options before applying for it.

HDFC Credit Cards:

HDFC credit cards are one of the most popular and convenient ways to pay for your purchases online and offline. HDFC offers a range of credit cards to suit different needs and preferences of customers, such as cashback, rewards, travel, lifestyle, and more. HDFC credit cards also come with various features and benefits, such as low interest rates, zero annual fees, EMI options, contactless payments, and security. HDFC credit cards are easy to apply for and use, and you can manage your account online or through the mobile app. Whether you want to shop, dine, travel, or enjoy entertainment, HDFC credit cards can help you save money and earn rewards.


Q: How do I earn CashPoints with the HDFC Millennia Credit Card? 

A: Earn 2.5% CashPoints on all online spends and 1% CashPoints on all offline spends and wallet reloads. Every 100 CashPoints = Rs. 1.

Q: Are there bonus rewards on any specific categories? 

A: Yes! Get 5% CashBack on Amazon & Flipkart, Flight & Hotel bookings on shopping via PayZapp and SmartBuy.

Q: When and how do I receive my CashPoints? 

A: CashPoints are automatically credited to your account by the 10th of the following month after your statement cycle ends. You can redeem them for various rewards or statement credit.

Q: What is the annual fee for the HDFC Millennia Credit Card? 

A: There is no annual fee for the first year. After that, it's Rs. 500 for the next two years and Rs. 999 per year from the 4th year onwards.

Q: Are there any late payment charges? 

A: Yes, late payment charges vary based on the outstanding amount and can range from Rs. 100 to Rs. 500. Additionally, there's a 2% monthly interest charge on outstanding dues.

Q: Does the HDFC Millennia Credit Card offer airport lounge access? 

A: Yes, you get 8 complimentary domestic airport lounge accesses per year (2 per quarter).

Q: What travel insurance benefits does the card offer? 

A: You get complimentary accidental death and travel insurance coverage with the card.

Q: Can I convert my purchases into EMIs with the HDFC Millennia Credit Card? 

A: Yes, you can convert spends of Rs. 10,000 and above into EMIs of up to 9 months with convenient online activation.

Q: What are the eligibility criteria for the HDFC Millennia Credit Card? 

A: You should be at least 21 years old with a regular source of income and a good credit score. Specific income requirements may vary.

Q: How can I apply for the HDFC Millennia Credit Card? 

A: You can apply online through the HDFC Bank website or mobile app, or visit your nearest HDFC branch.



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