Synopsis: The HDFC Millennia Credit Card is designed for people who spend a lot on online shopping. This article highlights the rewards, cashback, and other features that the card offers to its users.
HDFC credit cards have been the most reliable cards for every credit card users. It offers a wide range of cards, from premium options to simple cards meant for everyday online/offline shopping.
If most of your spending happens through apps like Flipkart, Swiggy or Uber, it makes sense to use a credit card that gives something back as cashback or vouchers on your regular expenses.
The HDFC Millennia Credit Card is made for exactly this kind of spending. The rewards of this card are not limited to just one category but it gives cashback across multiple popular platforms. Whether you want more freedom while spending or some extra benefits on regular purchases, the HDFC Millennia Credit Card serves in every way.
HDFC Millennia Credit Card
- Card Type: Cashback / Rewards
- Best Suited For: Online shoppers, food delivery users, movie & app-based spends
Fees and Charges
- Joining Fee: ₹1,000 + taxes
- Annual Fee: ₹1,000 + taxes. Annual fee is waived on spending ₹1,00,000 or more annually.
- Interest Rate: 3.6% per month
- Late Payment Fee: It depends on the due amount. ₹100 is charged for the amount between ₹100 – ₹500 and ₹1,300 is charged for amounts above ₹50,000.
- Cash Withdrawal Fee: 2.5% of the amount withdrawn or Rs 500 whichever is higher
- Foreign Currency Markup: 3.5% + GST
Eligibility: The applicant must be an Indian resident within the age range of 21-40 years. For a salaried individual the required monthly income required is above 35,000, and for self-employed individuals, the ITR should be above ₹6 Lakh per annum.
Reward/Cashback Structure
Welcome benefit: Cardholders get 1000 CashPoints after paying the joining membership fee.
You earn cashback in the form of CashPoints on using your card for everyday spending.
You can earn up to 5% cashback on spending on selected online platforms such as Amazon, Flipkart, Myntra, Tata CLiQ, Swiggy, Zomato, Uber, BookMyShow, Sony LIV and Cult.fit, which is capped at 1,000 CashPoints per statement cycle.
Earn 1% cashback for other eligible spends (capped at 1,000 CashPoints). For example if you spend ₹4,000 on Amazon in a month, you earn ₹200 as cashback and if you spend ₹8,000 on other regular purchases, you earn up to ₹80 as cashback.
Reward Redemption Process
You can redeem Cashback through Net Banking, Phone Banking, or a physical redemption form. You must have at least 500 CashPoints in your account in order to redeem.
From 1 August 2024, the bank charges a ₹50 redemption fee every time you redeem CashPoints for statement credit. These CashPoints can be redeemed in different ways, depending on what you want to redeem them for.
- 1 CashPoint = ₹1 when used for statement balance redemption. It is capped at 3,000 CashPoints per calendar month.
- For Flights, Hotels & Rewards, the redemption value is lower: 1 CashPoint = ₹0.30. You can use CashPoints for up to 50% of the booking value on booking via SmartBuy. Flight and hotel redemptions are capped at 50,000 CashPoints per calendar month.
- You can also use these CashPoints and get up to 70% of the value on selected products.
- A ₹99 + taxes charge applies when you redeem CashPoints from the rewards catalogue.
Expiry of CashPoints
If you do not use your CashPoints, they expire after 2 years from the date they are earned. It is better to redeem them regularly so they do not lapse.
Also Read: 5 Low-Fee SBI Credit Cards With Exciting Cashback, 10x Rewards and Lounge Access (2026)
Key Benefits & Perks
- You earn 10% additional cashback on spending on Swiggy Dineout via PayZapp shop/SmartBuy.
- You get an annual fee waiver on spending ₹1,00,000 or above in a year.
- You receive a ₹1,000 gift voucher when you spend ₹1,00,000 in a calendar quarter as part of the milestone benefit.
- You get a 1% fuel surcharge waiver on fuel spends between ₹400 and ₹5,000, capped at ₹250 per month.
- You are protected with zero lost card liability, which means you are not held responsible for misuse after reporting card loss.
Milestone Benefits: Lounge access is now included in the milestone reward which you can get on the spend ₹1,00,000 or more in a calendar quarter. You can choose between a ₹1,000 gift voucher, or 1 complimentary domestic airport lounge access voucher as your milestone reward.
Who Should Get This Card?
You should consider this card if you want a cashback credit card that is easy to manage. It works well for you if you do not want to track complicated reward points or category-based benefits. This card is perfect for you if you can meet the annual spending requirement to get the fee waived and are looking for value rather than premium travel or luxury benefits.
FAQs
No. The card has an annual fee, but it is waived if you meet the yearly spend condition.
Cashback is credited as CashPoints and can be redeemed against the card bill.
Lounge access is available only after meeting milestone spending conditions.
Written by Supriya
