Synopsis: Confused between HDFC Millennia Credit Card and Axis Bank ACE Credit Card? This article will tell which provides better cashback on your actual spending habits; online shopping to utility bills. We have taken an example to show the cashback benefits of both the cards with monthly spends of ₹10,000.
HDFC Millennia Credit Card and Axis Bank ACE Credit Card are two major credit cards that are associated with high cashbacks. They both are meant to suit the contemporary, online spender, but with slightly different spending patterns.
HDFC Millennia Credit Card
- Joining Fee: ₹1,000 + taxes
- Annual Fee: ₹1,000 + taxes (waived on annual spends of ₹1,00,000 or more)
- Forex Markup: 3.5% + GST.
- Reward / Cashback Structure
- Welcome Benefit: 1,000 CashPoints when you pay the joining membership fee.
- 5% Cashback: On websites such as Amazon, Flipkart, Myntra, Tata CLiQ, Swiggy, Zomato, Uber, BookMyShow, Sony LIV, Cult.fit (limited to 1,000 CashPoints per statement period)
- 1% Cashback: On all other eligible spends (limited to 1,000 cashpoints per cycle)
- Flights/Hotels via SmartBuy: 1 CashPoint = ₹0.30 (up to 50% of booking value, capped at 50,000 points/month)
- Key Benefits
- 10% additional cashback on Swiggy Dineout via SmartBuy/PayZapp
- Annual fee waiver on ₹1,00,000 yearly spending
- Quarterly milestone: ₹1,000 voucher on ₹1,00,000 spend
- 1% fuel surcharge waiver (₹400–₹5,000 transactions, max ₹250/month)
- Lounge access super milestone benefit (₹1 lakh quarterly spend; voucher or lounge access)
Best suited for those looking for an easy cashback credit card that does not require intricate reward monitoring. Regular online buyers of platforms such as Amazon, Swiggy or Zomato. Users with the ability to spend 1,00,000 every year so they do not have to pay the fee. The ones who are concentrated on cashback-saving as opposed to premium travel or luxury benefits.
To apply for the card, please visit the Official Website
Axis Bank ACE Credit Card
- Fee: 499 + GST (normally not charged in case of offers or partnering)
- Fee Waiver: Annual fee waived on spending ₹2,00,000 or more in the previous year
- Forex markup: 3.5%
- Reward / Cashback Structure
- 5% Cashback on utility payments, DTH, and mobile charges through Google Pay (Android only)
- 4% Cashback on Swiggy, Zomato and Ola.
- 1.5% Cashback on all other applicable online and offline purchases (no limit)
- ₹500/month combined cap on 5% and 4% categories
- Exclusions: Cashback is not offered on fuel, EMI transactions, wallet loading, jewellery, insurance, education or rent.
- Travel & Lifestyle Benefits
- Domestic Lounge Access: 4 complimentary visits per year on ₹50,000 spend in the previous 3 months required
- Dining Benefits: Up to 15% discount (max ₹500/month) at partner restaurants via EazyDiner
- Fuel Surcharge Waiver: 1% waiver between ₹400 and 4,000 (maximum of 500 per statement cycle)
- Key Updates
- 5% cashback on utility payments is limited to Google Pay (Android only)
- Payments via other apps or direct websites may not earn cashbacks
- Best suited for Google Pay (Android users) regular utility bill payers. Users who want to have easy, automatic cashback and not to keep track of reward points. Individuals who can enjoy 1.5% unlimited cash back on their monthly expenditures. Regular Swiggy, Zomato, and ride-hailing apps such as Ola customers.
To apply for the card, please visit the Official Website
Conclusion
The HDFC Millennia Credit Card and the Axis Bank ACE Credit Card both have good cashback benefits, but which is the most suitable in the end is depending on your spending behaviour. The HDFC Millennia card is perfect to use when one shops online and spends on apps, and the Axis ACE card is more suitable in terms of paying utility and daily fees with simple cashback.
Written by Boyapati Sai Jasmitha
