The HDFC Bank Millennia Credit Card, which offers cashback rewards, is aimed at Gen-Y, also known as millennials or children of the 1990s. Four variations of the HDFC Millennium card are available: a Visa variant, a MasterCard variant, a Diners Club variant, as well as a RuPay type. Since this is a primary line of credit, there is an annual cost of Rs (taxes extra).
HDFC Bank gives a five percent cashback on purchases made at BookMyShow, Amazon, Myntra, Swiggy, Flipkart, Uber, Tata CLiQ, Sony LIV, and Zomato, as well as a 1% refund on all other offline and online purchases. The reward is converted into CashPoints, which may then be used to pay for purchases from the HDFC product catalog, make reservations for flights or hotels, or apply toward the card’s statement balance.
Additionally, the card delivers fantastic vouchers upon reaching the quarterly milestone. Also, it provides a 20percentage meal savings and remission of the gasoline surcharge. The cardholder also can take advantage of the card’s welcome features and offer to waive renewal fees. You receive free access to the local lounges at Indian airports in addition to the cashback. Continue reading the post to learn more about the HDFC Bank Millennium Credit Card.
The most widely used reward credit card is the HDFC Millennium Credit Card
The most well-known and possibly one of the most significant reward credit cards now available in the Indian credit card industry is the HDFC Millennium Credit Card. This card’s higher return value of up to 5percentage reward as CashPoints on purchases made at well-known retailers such As Myntra, Amazon, Flipkart, etc., as well as its high rate of Cash Point redemption as cashback (1 CashPoint = Re.) are what make it so popular.
One on adjusting against the outstanding amount on the card. You effectively receive the benefits of both Amazon Pay ICICI and Flipkart Axis Line Of credit and much more in one card because the card offers a reward value of 5 percentage points on Flipkart and Amazon.
Although the newly released HDFC MoneyBack Card offers a money back, its CashPoint redeeming value is just 1/4 that of the HDFC Millennia Card (1 CP = 0.25 Rs.). The HDFC Millennia card’s greater monthly maximum cashback earning cap of 2,000 CashPoints each monthly than other reward cards also contributes to its popularity as the most widely used cashback credit card.
The advantages and characteristics of the HDFC Millennium Credit Card
The HDFC Millennia Card provides cardholders with additional benefits besides the cashback one. The perks include free access to airport lounges, restaurant savings, additional CashPoints as a welcome gift, and many more. The cardholders will get 1,000 extra CashPoints as welcoming benefits on the successful delivery of the membership cost.
Also, with HDFC Millennia Credit Card, cardholders will receive eight unlimited trips to local airport lounges annually, with a limit of two lounge access each quarterly. Thanks to the Diners Club global lounge plan, you can visit the international lounges for free up to twice each quarter with HDFC Millennia Diners Club Card.
Perks of eating
For the first three months of card participation, Dineout Passport users can receive up to a 20% discount at participating restaurants. Experience the Great Food Trail Dining program at fine dining establishments in premier cities, which offers the following: A guaranteed 25% discount at more than 2000 upscale eateries. 200plus eateries provide the 1+1 buffet. 1+1 meals and beverages at particular establishments
The principal cardholder is the only person who can take advantage of the Dineout passport benefits of membership. You may take advantage of these deals using the Dineout app, let the restaurant know you are a member, and then take advantage of the reductions by footing the money.
Waiver of Fuel Surcharge + Waiver of Membership and Renewal Fees
At all gas stations in India, 1 percent of the total gas tax is removed with a minimum payment of Rs. 400. The waiver can only be used in rupees. 250 per pay cycle. The yearly charge for this credit card is Rs. 1,000, but it can be waived if the user spends more than Rs. 100,000 in the anniversary year.
To get your HDFC Millennia Card lifelong free, you must activate one of the following within the first ninety days of the card’s issuing period and renew annually. You can activate One Assist, SmartPay, Balance Transfer, or General Insurance.
HDFC Millennia Credit Card Cashback/Reward Points
The reward you receive when using the HDFC Millennia Credit Card is deposited to the credit card as CashPoints. These CashPoints can be redeemed for several choices, some of which are listed below, including reward adjustments against outstanding card balances. With the HDFC Millennium Card, you can:
Benefit from Flipkart, Swiggy, Sony LIV, Amazon, Uber, Tata CLiQ, Mantra, Zomato, and BookMyShow. These are among the internet retailers that offer 5percentage cashback. Get one percentage return on all other online and offline transactions, such as EMIs, present or prepaid card loads, coupon expenditures, and fewer fuel transactions.
Benefits of having an HDFC Millennium Credit Card
At partner retailers, which include well-known companies like Amazon, Myntra, Uber, etc., plus some other prominent businesses, you get a pretty high cashback of 5%. You are also eligible for eight free lounge passes at domestic airports throughout India in addition to the cashback benefit, which is typically not included with entry-level credit cards. Whilst other credit cards don’t give any reward or benefits on fuel purchases, the HDFC Millennia Credit Card offers a one percent bonus.
The HDFC Millennium Credit Card has disadvantages
Only 1% of all online and offline purchases made with the card and made at businesses that are not partners will earn you cashback. CashPoints gained at the 5X exponential rate are capped at 1,000 each reporting cycle, but CashPoints gained on the card at the standard 1X rate are not capped at 1,000 per statement cycle. A total of 2,000 CashPoints, or the equivalent of Rs. 2,000 in cashback, can be collected in a reporting cycle.
Conclusion
One could say that the Millennia credit card from HDFC Bank is perfect for somebody who has recently begun working and enjoys online shopping. Additionally, it offers 5% CashBack on Amazon and Flipkart, India’s two most significant online retailers. It is one card that attests to developing a solid credit history.
