The HDFC Millennia Credit Card is designed to cater to the lifestyle and spending patterns of the millennial generation. It offers a wide range of benefits, including cashback rewards, discounts, and accelerated reward points on various categories. Let’s explore the key features and benefits of the HDFC Millennia Credit Card:
Reward Type:
The HDFC Millennia Credit Card offers a combination of cashback rewards and reward points as its primary reward types.
Key Features:
1. Cashback Rewards:
– 5% cashback on Amazon, Flipkart, Flight & Hotel bookings on the SmartBuy website, and select partner merchants.
– 1% cashback on all other spends.
– Cashback is provided in the form of redeemable cash points.
2. Accelerated Reward Points:
– 2.5X Reward Points on online shopping, dining, and entertainment transactions.
– 1X Reward Points on all other retail transactions.
3. Milestone Benefits:
– Spend Rs. 1 lakh in a calendar quarter and get an e-voucher worth Rs. 1,000.
– Spend Rs. 1.2 lakh in a calendar year and get an annual fee waiver for the subsequent year.
4. Contactless Payments:
– The HDFC Millennia Credit Card is enabled with contactless payment technology, making transactions fast and secure.
5. Fuel Surcharge Waiver:
– Enjoy a fuel surcharge waiver of 1% on fuel transactions, subject to certain conditions.
6. Lounge Access:
– Get complimentary airport lounge access at select domestic and international lounges.
7. Exclusive Offers:
– Access to various exclusive offers, discounts, and deals across categories such as travel, dining, shopping, and more.
Features and Benefits of HDFC Millennia Credit Card
Card Type:
CashBack
Key Features:
1. Cashback Rewards:
– Earn 5% cashback on select partner merchants such as Amazon, Flipkart, Zomato, Uber, and more.
– Earn 1% cashback on all other spends, excluding fuel transactions, EMI, and wallet transactions.
2. Milestone Benefits:
– Receive gift vouchers worth Rs. 1,000 on spending Rs. 1,00,000 or more in each calendar quarter.
– Renewal membership fee waived off for the next year on spending Rs. 1 lakh or more in the preceding 12 months.
3. Dining Privileges:
– Enjoy exclusive dining benefits with the Good Food Trail program.
– Get up to 20% savings on restaurant bill payments via Swiggy Dineout.
4. Lounge Access:
– Access 8 complimentary domestic lounge visits per calendar year (2 visits per quarter) through the Diners Club International Lounge Program.
5. Fuel Surcharge Waiver:
– Avail a 1% fuel surcharge waiver on fuel transactions at all fuel stations across India, with a maximum waiver of Rs. 250 per statement cycle.
6. Contactless Payment:
– Use the contactless payment feature for fast, convenient, and secure transactions at retail outlets.
7. Smart EMI:
– Convert big spends into easy EMIs after purchase.
Additional Features:
– Zero lost card liability: You are not liable for any fraudulent transactions if you report the loss of your HDFC Bank Millennia Credit Card immediately to the 24-hour call center.
– Interest-free credit period: Enjoy an interest-free period of up to 50 days from the date of purchase, subject to merchant submission.
– Revolving credit: Utilize revolving credit at a nominal interest rate.
– Cashback and reward point redemption options available.
– CashPoint validity: CashPoints earned as cashback are valid for 2 years from the date of accumulation.
Reward Point/Cashback Redemption & Validity:
– Cashback will be credited as Cash Points, which can be redeemed against the statement balance.
– The redemption rate for CashPoints against the statement balance is 1 CashPoint = Rs. 1.
– The minimum CashPoint balance required for redemption against the statement balance is 500 CashPoints.
– CashPoints can also be redeemed for travel benefits like flight and hotel bookings at a value of 1 CashPoint = Rs. 0.30.
– Unredeemed CashPoints will expire after 2 years from the date of accumulation.
– CashPoints redemption for flights and hotel bookings is capped at 50,000 per calendar month.
– CashPoints redemption for cashback is capped at 3,000 rewards points per calendar month.
– Cardmembers can redeem up to 70% of the product/voucher value through CashPoints on select vouchers/products and pay the remaining amount via credit card.
Please refer to the HDFC Bank website or contact their customer service for detailed terms and conditions related to Cashback accrual, redemption, and other important information.
Eligibility for HDFC Bank Millennia Credit Card:
For Salaried Individuals:
– The applicant must be an Indian national.
– The minimum age requirement is 21 years, and the maximum age is 40 years.
– The applicant should have a gross monthly income of more than Rs. 35,000.
For Self-Employed Individuals:
– The applicant must be an Indian national.
– The minimum age requirement is 21 years, and the maximum age is 40 years.
– The applicant should have an annual income of more than Rs. 6.0 Lakhs as per their income tax return (ITR).
Please note that these eligibility criteria are subject to change, and the bank may have additional requirements or criteria for approval. It is advisable to visit the official HDFC Bank website or contact their customer service for the most accurate and up-to-date eligibility information.
Fees and Charges
The Joining/Renewal Membership Fee for the HDFC Bank Millennia Credit Card is ₹1,000/- plus applicable taxes. However, if you spend ₹1,00,000 or more in a year before your Credit Card renewal date, you can get your renewal fee waived off.
For detailed information on the fees and charges associated with the HDFC Bank Millennia Credit Card, you can click here to view the relevant details on the official HDFC Bank website.
FAQs (Frequently Asked Questions) about HDFC Bank Millennia Credit Card:
1. What are the key features of HDFC Bank Millennia Credit Card?
– 5% cashback on select merchants such as Amazon, Flipkart, Swiggy, Zomato, etc.
– 1% cashback on all other spends (except fuel)
– Gift vouchers on meeting quarterly spending criteria
– Dining privileges and discounts on partner restaurants
– Complimentary lounge access
– Contactless payment facility
– Smart EMI option for converting big spends into EMIs
2. What is the eligibility criteria for HDFC Bank Millennia Credit Card?
– For salaried individuals: Indian national aged between 21 to 40 years with a minimum gross monthly income of ₹35,000.
– For self-employed individuals: Indian national aged between 21 to 40 years with an annual income tax return (ITR) of ₹6.0 Lakhs or more.
3. What is the annual membership fee for HDFC Bank Millennia Credit Card?
The Joining/Renewal Membership Fee is ₹1,000 plus applicable taxes.
4. Can I get the renewal fee waived off?
Yes, if you spend ₹1,00,000 or more in a year before your Credit Card renewal date, the renewal fee will be waived off.
5. How can I earn and redeem CashPoints?
CashPoints are earned on eligible transactions and can be redeemed against the statement balance or for travel bookings and rewards at the SmartBuy Rewards Portal. The redemption value is 1 CashPoint = ₹1.
Conclusion:
The HDFC Bank Millennia Credit Card offers attractive cashback rewards on select merchants, dining privileges, lounge access, and contactless payment convenience. With its smart EMI option and renewal fee waiver, the card provides added benefits and flexibility to cardholders. It is important to review the terms and conditions, fees, and eligibility criteria before applying for the card to ensure it aligns with your financial needs and lifestyle.
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