Credit Cards have always been a thing for the older generation but HDFC Bank India designed the Millennia Credit Card as part of its focus to serve millennials also known as 90’s kids or Generation Y. There are four types of HDFC Bank Millennia Credit Card for customers and they include Mastercard, Visa, RuPay, and Diners Club. As an entry-level card, the Millennia credit card offers many juicy benefits when using the card to make payments online and offline.
Cardholders enjoy a high value of 1,000 CashPoints as a welcome bonus, 5% cashback on all online purchases and transactions carried out via platforms like Amazon, Myntra, Uber, BookMyShow, Sony LIV, Zomato, Cult.fit, Swiggy, Flipkart, and Tata CLiQ, and 1% cashback on other transactions. Cashback is converted into CashPoints, and redeemed to offset the statement balance on the card, it can also be used for booking a hotel or flight, or for shopping from the HDFC Product Catalog.
Users can also earn cashback on wallet deposits and EMI, which is not common for base-level credit cards. The credit card has an annual renewal fee of Rs. 1,000 which can also be waived if card spend reaches Rs. 1 Lakh or more the previous year. The card also grants cardholders 20% dining discounts at select HDFC Bank partner restaurants, a fuel surcharge waiver, and 8 complimentary domestic airport lounge visits within India. This is a great card for young adults who want to save as they spend shopping and exploring the country.
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HDFC Millennia Credit Card Review
| Purpose | Shopping & Cashback |
| Joining/ Renewal Fee | Rs. 1,000 + GST |
| Eligibility | · Indian Citizen (Salaried)
Age: 21 – 40 Years Max Monthly Gross Income: Rs. 35,000 · Indian Citizen (Self-Employed) Age: 21 – 40 Years Max Annual Gross Income: Rs. 6 Lakhs |
| Credit Card Type | Reward Points |
| Benefits | · 1,000 CashPoints for activation & joining benefit
· 5% shopping cashback on Amazon, Myntra, Cult.fit, BookMyShow, Flipkart, Swiggy, Uber, Sony LIV, Zomato, and Tata CLiQ · 1% transaction cashback on other transactions including wallet deposit and EMI (excluding fuel) · Rs. 1,000 gift vouchers on transactions from Rs. 1,00,000 and above each quarter of a calendar year · 20% dining discount for all bill payments at HDFC Banks partner restaurants using Swiggy Dineout · 8 – Free access to domestic airport lounges in India per year (2 per quarter) · 1% waiver on fuel surcharge for a single minimum transaction of Rs 400 (CashBack is limited to Rs. 250 max per payment cycle) |
HDFC Millennia Credit Card – Features and Benefits
The HDFC Millennia Credit Card is a great option for young adults and it also comes with its many benefits. These benefits come as a welcome bonus in cash points from the moment you pay the joining fee, discounts at restaurants, complimentary access to domestic lounges at the airports, waivers and so much more. The following are some of the main benefits of using this card.
- Your first benefit is you get Rs. 1,000 worth of cash points as a welcome bonus which can be redeemed to settle your statement balance.
- You get to enjoy 2 free access to domestic lounges at airports in India every quarter of the year making 8.
- You get a 5% cashback on all shopping from Amazon, Myntra, Cult.fit, BookMyShow, Flipkart, Swiggy, Uber, Sony LIV, Zomato, and Tata CLiQ.
- Other transactions attract 1% cashback including wallet deposits and EMI. This does not apply to fuel purchases.
Joining & Renewal Fees
It will cost you just Rs. 1,000 (including taxes applicable) to get the HDFC Bank Millennia Credit Card to enjoy the amazing benefits it offers. This comes with the bonus CashPoints equivalent to the Joining fee. Additionally, the annual charge on the Millennia Credit Card is Rs. 1,000 which can be waived for the next year if you spend up to Rs. 1,00,000 and above the previous year.
Eligibility
To be eligible for the HDFC Bank Millenia Credit Card, you have to be an Indian citizen either salaried or self-employed and aged 21 to 40 years max. Salary earners require a net gross monthly income of Rs. 365,000 while self-employed stand at Rs. 6 Lakhs annual gross income.
Airport Lounge Pass
The HDFC Bank Millennia Credit Card offers 2 free access to domestic airport lounges every quarter of the year which amounts to a total of 8 free passes in a year. This is a good way to travel within the country in style and with less stress.
Dining Benefits
You can enjoy a 20% discount on all dining bills at over 20,000 HDFC Bank partner restaurants across India when you make payments through the Swiggy DineOut app. Additionally, you also get a 25% discount on selected Premium restaurants in the Good Food Trail program, which includes more than 2,000 restaurants. As part of the program, you can also enjoy a 1+1 buffet offer at over 200 restaurants and a 1+1 offer on food and drinks at a few select restaurants.
Required Documents
The HDFC Bank Millennia Credit Card application is a do-it-yourself process from the bank’s official website. Although it is not stated what the requirements are basically, you should get the following documents ready just in case the terms change.
- Proof of Identity (Passport, Aadhaar Card, PAN card, Driving license, or any legally accepted form of identification in the country)
- Proof of income (a copy of Income Tax Return, Salary Payslip, Form 16, 6 months Bank Statement, or other certified financial documents)
- Proof of Residence (Electricity bill, Ration Card, Landline telephone bill, Passport, or any legally accepted proof of address in the country)
Additional Features of HDFC Millennia Credit Card
- No Lost Card Liability: The HDFC Millennia Credit Card offers zero liability on any unauthorized transaction for cardholders who report lost or stolen cards to the bank’s customer service centre.
- Zero Interest Credit: Cardholders enjoy a free interest period of up to 50 days from the date of purchase using the Millennia Credit Card, which is a flexible way to make payments without incurring any interest. This is subject to the submission of charge by the merchant to the bank within the said period. It is a convenient way to make purchases and pay back your credit card balance without any additional interest.
- Annual Charges: There is an annual charge of Rs. 1,000 on the HDFC Millennia Credit Card which is also entitled to a waiver when you spend a minimum of Rs. 1 Lakhs in the year before.
- Credit Interest Rate: The Millennia Credit Card offers a minimal interest rate of 3.6% every month or 42.3% per year, this applies to the due credit on your card statement in situations where you miss a repayment date.
- Cash Withdrawal Charge: There is a 2.5% charge or Rs. 500 on all cash withdrawals using the HDFC Millennia Credit Card, whichever value is higher.
- Foreign Exchange Rate: A 3.5% foreign exchange fee is charged on any international transaction amount using the Millennia Credit Card.
NOTE: Other than the interest rate on all missed due payments, there is an additional late payment charge that applies to the credit card’s statement balance as follows:
| Credit Card Statement Balance | Late Payment Charge |
| Rs. 1 – Rs. 100 | Nil |
| Rs. 100 – Rs. 500 | Rs. 100 |
| Rs. 501 – Rs. 5,000 | Rs. 500 |
| Rs. 5,001 – Rs. 10,000 | Rs. 600 |
| Rs. 10,001 – Rs. 25,000 | Rs. 800 |
| Rs. 25,001 – Rs. 50,000 | Rs. 1,100 |
| Rs. 50,000 Above | Rs. 1,300 |
Conclusion
For young adults looking to get a good credit card, the HDFC Bank Millennia Credit Card is an amazing option with pretty good features and benefits. It is the perfect credit card for newly employed youngsters or new business owners between the ages of 21 to 40 years with a flair for online shopping and travelling within India.
It doesn’t just offer you a 5% Cashback on prominent Indian shopping platforms such as Amazon India, Flipkart, and Myntra, it also extends to Uber, Tata Cliq and many more. It also rewards card users with 20% discounts on all bill payments via the SwiggyDineout app at selected restaurants in the HDFC Bank’s Good Food Trail program.
The Millennia Credit Card is the best way for cardholders to build a strong credit profile with its convenient repayment benefits. But it can also be a drawback on your credit line at a young age if you do not keep a clean debt repayment record.
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