HDFC Bank Millennia Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

On card setup, you can receive 1,000 CashPoints as a welcoming bonus (subject to the realization of the joining fee). If you spend Rs. 1 lakh or more in a quarter, you will receive gift vouchers worth Rs. 1000 or a complimentary visit to a domestic airport lounge. When using select partner online merchants, such as Amazon and Flipkart, you can enjoy a 5% cashback. All other expenses, excluding fuel, rental, and government spends, will receive a 1% cashback. You can receive up to a 20% discount on partner restaurants through Swiggy Dineout. By spending Rs. 1,00,000 in the previous year, you can have the renewal fee waived.

The HDFC Bank Millennia Credit Card is a shopping credit card that offers various benefits and rewards to its users.

With a joining fee and renewal fee of Rs. 1,000 + GST, this credit card is a good option for those who frequently make purchases.

One of the key features of this credit card is its cashback reward type.

Cardholders can enjoy a 5% cashback (as CashPoints) when shopping at select partner online merchants and a 1% cashback (as CashPoints) on all other spends (excluding fuel, rental, and government-related transactions).

This provides an incentive for users to make purchases and earn rewards.

Additionally, as a welcome benefit, cardholders receive 1,000 CashPoints.

This is a great way to start earning rewards right from the beginning.

For those who enjoy dining out, the HDFC Bank Millennia Credit Card offers up to a 20% discount at partner restaurants when using Swiggy Dineout.

This is a valuable perk for food enthusiasts.

When it comes to travel benefits, this credit card allows users to enjoy one free airport lounge visit on spending Rs. 1 lakh in a quarter.

This milestone benefit enhances the travel experience for frequent flyers.

Unfortunately, the HDFC Bank Millennia Credit Card does not offer any specific benefits for domestic or international lounge access or golf enthusiasts.

Additionally, there are no insurance benefits associated with this credit card.

One positive aspect of this credit card is that the renewal fee is waived off if the cardholder spends Rs. 1 Lakh or more in the previous year.

This provides an opportunity for users to enjoy the card's benefits without incurring additional fees.

It's worth noting that there is a rewards redemption fee of Rs. 99 per redemption request, as well as a foreign currency markup of 3.5% (plus applicable taxes).

The interest rate for this credit card stands at 3.6% per month (or 43.2% per annum), which is important to consider for those who may carry a balance on their card.

When it comes to fuel surcharge, the HDFC Bank Millennia Credit Card offers a 1% waiver on fuel spends between Rs. 400 and Rs. 5,000, with a maximum waiver of Rs. 250 per statement cycle.

This can result in savings for cardholders who frequently fuel their vehicles.

Cash advances are also available on this credit card, with a transaction fee of 2.5% (subject to a minimum fee of Rs. 500).

In conclusion, the HDFC Bank Millennia Credit Card is a shopping credit card that offers cashback rewards, dining discounts, and a milestone benefit for airport lounge visits.

While it lacks certain benefits like lounge access, golf privileges, and insurance coverage, it provides value for those who frequently shop and dine out.

The waiver of the renewal fee for high spenders is an added perk.

However, it's important to consider the interest rate, redemption fees, and foreign currency markup when using this card.