HDFC Millennia Credit Card
HDFC Millennia Credit card offers 5% cashback on Amazon, Flipkart, Myntra, Zomato, Swiggy and many other online platforms, which makes it attractive, but the maximum cashback limit is very low. Apart from this, there is airport lounge access, fuel surcharge waiver, additional discounts and many more offered by this credit card, so is it the perfect card to apply for or not?
In this review, we discussed its charges, benefits & rewards, limits, pros and cons and at the end, my verdict to apply or not, so read this complete review till the end before applying.
HDFC Millennia Credit Card Features
| Feature | Details |
|---|---|
| Joining Fee | ₹1,000 + GST (18%) |
| Annual Fee | ₹1,000 + GST (18%) |
| Fee Waiver | On Spend of 1,00,000 in a Year |
| Base Reward Rate | 5% |
| Best Reward Categories | online shopping |
| Monthly Reward Cap | ₹5,000 |
| Forex Markup | 2% |
| Lounge Access | Per Quarter 1 Lounge on spend of ₹1 Lakh in last 3 months. |
HDFC Millennia Credit Card Eligibility Criteria
| Criteria | Details |
|---|---|
| Minimum Income | ₹35,000 / month |
| Employment Type | Salaried & Self Employed |
| Age Requirement | 21-40 Years |
If your credit score is good and you meet other eligibility requirements, like for a salaried person minimum income of ₹35,000/ Month and for self employed ₹6 Lakh annual income. HDFC Millennia’s age requirements are also 21 – 40 Years.
HDFC Millennia Credit Card Rewards & Benefits
| Reward Type | Details |
|---|---|
| Welcome Bonus | ₹1,000 Cashpoint on payment of joining fee (so it become free) |
| Bonus Categories | Online Shopping, Cashback |
| Reward Structure |
|
| Reward Exclusions | No cashback on Fuel, EMI, Wallet loads, education, rent, government transactions. |
Now, understand the reward structure in detail-
- 5% Cashback (as a cashpoints) on 10 these platforms (Amazon, Flipkart, Myntra, Zomato, Swiggy, Uber, BookMyShow, Cult.fit, Sony LIV, TATA CLiQ), which is a good range of all platforms for normal use from shopping to food to entertainment to fitness.
- 1% Unlimited Cashback on all platforms except those mentioned above.
- To offset the joining fee, you’ll receive a ₹1,000 equal welcome bonus, making the card almost free. Additionally, the annual spend of ₹1 Lakh waives the renewal fee.
- Apart from this direct cashback, if you spend ₹1 Lakh in a quarter, then you’ll get ₹1,000 gift vouchers that you can redeem or use domestic airport lounge instead.
- There is also 1% Fuel surcharge waiver on transactions of ₹400-₹5,000; maximum ₹250/ Month
Now, there is a limit of ₹1,000 cashback on 5% category of 10 platforms and a ₹1,000 limit on 1% category, so technically, in terms of cashback separately, you can get a maximum of ₹2,000 as cashback/ month, which is a very low limit as compared to other cashback cards.
So, as the limit of this card, you can maximum save up to ₹24,000/ Year on online spend if you use both categories till the maximum limit per month, which is difficult in this case because of separate limits in both categories.
You can redeem the cashpoints, which are equal to cashback (1 Cashpoint =₹1), for the next bill cycle, which is good, but if you use them as a voucher, then 1 cashpoint will be equal to ₹0.30, so obviously, everyone will set off cashpoints in the next bill cycle for maximum benefits.
How to Apply for HDFC Millennia Credit Card
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Check Eligibility
If your monthly income is ₹35,000 or more , your age falls within 21-40 Years , and you are a Salaried or Self-Employed applicant , and you meet other basic requirements, you can apply for the HDFC Millennia Credit Card by following the steps below.
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Click Apply Now
Click the apply button below to visit the official application page. The process is secure, fully online, and can be completed in just a few minutes.
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Fill Application Form
Enter your personal, employment, and income details accurately as per your official documents.
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Submit Documents
Upload PAN, Aadhaar, address proof, and income proof if requested during the application.
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Approval & Delivery
Once approved, your credit card will be dispatched and delivered to your registered address.
Pros & Cons
Pros
- 5% Cashback on 10 major platforms.
- Additional discount through PayZapp & SmartBuy (HDFC App)
- Annual Fee waived on just ₹1 Lakh spend
- Joining fee almost become effectively zero in welcome bonus
- Quarterly additional benefits of ₹1,000
Cons
- Monthly cashback limit is low.
- other than 5% category spend not so much attractive.
- Low value if you redeem as voucher.
Our Verdict
HDFC Millennia is a good credit card if you want cashback from the above-mentioned 10 platforms, although the maximum cashback limit is lower than that of many other cashback cards. Yet welcome bonus and annual fee waived off on just ₹1 Lakh spending makes it almost free if you use it accordingly.
In the cashback credit card category, there are many better options available if you’re not specifically using those platforms because the maximum cashback limit makes it a deal breaker.
Those who just wants cashback credit card and spend under its maximum cashback limit, then it can be a good option with other benefits also.
