Understanding the features of a credit card and how they can be aligned with your financial goals is crucial when considering one. HDFC Bank is one of the largest credit card issuers in India, and it has a range of cards to suit various needs. Among the most popular HDFC bank credit cards are the HDFC Millennia Credit Card and the HDFC Regalia Gold Credit Card. Both cards have benefits, but which one is right for you?
This article gives you a detailed comparison of HDFC Millennia vs Regalia Gold Credit Card to help you decide better.
Rewards and Benefits of HDFC Millennia vs Regalia Gold Credit Card
HDFC Millennia Credit Card
This credit card is geared toward online shoppers and young people who want more from e-commerce sites. You can earn 5% cash back on sites such as Amazon, Flipkart, Myntra, Swiggy, Zomato, Tata CLiQ, BookMyShow, Cult.fit, and many more. It provides 1% cash back on all eligible online and offline spends.
This makes Millennia Credit Card the best choice for everyday expenses and online shopping. However, the cashback is capped at 1,000 points per month, which could make it less attractive for big spenders.
HDFC Regalia Gold Credit Card
The Regalia Gold Credit Card focuses on awarding reward points for spending a lifestyle that commands premium pricing. You earn 20 reward points for every ₹150 spent on specific brands such as Myntra, Nykaa, Reliance Digital, and Marks & Spencer. On other general retail spend, the card is offering 4 reward points for every ₹150 spent.
This rewards structure caters to a different crowd which puts high value on the accumulation of rewards for luxury purchases and travels. As compared to the Millennia Card, the Regalia Gold offers unlimited base reward points but has an acceleration of reward points at 5,000 per month.
Annual Fee and Charges of HDFC Millennia vs Regalia Gold Credit Card
The HDFC Millennia Credit Card carries an annual fee of ₹1,000 plus GST, which is very affordable for most users. The HDFC Regalia Gold Credit Card, however, carries a higher fee of ₹2,500 plus GST, due to its more premium offerings.
However, both cards allow one to waive the annual fee if one meets specific spending thresholds:
- Millennia Credit Card: ₹1 lakh annual spend
- Regalia Gold Credit Card: ₹4 lakh annual spend
Despite the fact that Millennia Card is more value-for-money, Regalia Gold is more for those who can be high spenders and get benefits and rewards to the fullest out of it.
Welcome Benefits of HDFC Millennia Credit Card vs. Regalia Gold Credit Card
Millennia Credit Card
On payment of joining fee, Millennia Card gives 1,000 CashPoints as an offer.
Regalia Gold Credit Card
The Regalia Gold is more luxurious in its approach, offering gift vouchers of ₹2,500 and free memberships to MMT Black Elite and Club Vistara Silver Tier. To avail these benefits, you need to spend ₹1 lakh within the first 90 days of card issuance.
The Regalia Gold is clearly out there for those who seek premium travel and lifestyle benefits.
Travel Benefits of HDFC Millennia vs Regalia Gold Credit Card
The Regalia Gold Credit Card is the better option for frequent travelers. It offers:
- Three complimentary domestic airport lounge visits per quarter (12 per year)
- International airport lounge access
Whereas the Millennia Credit Card does not offer any airport lounge access, hence it is less attractive for travel enthusiasts.
Foreign Currency Markup
For those who use their cards to travel abroad or online purchases across borders, one can note that the Regalia Gold Credit Card has a slightly lower markup fee on international transactions of 2%. The Millennia Credit Card charges them 3.5 percent. That makes Regalia Gold most ideal for international transactions.
User Reviews and Ratings of HDFC Millennia vs Regalia Gold Credit Card
A HDFC Millennia Credit Card has also gained the love of young users as it gives cashback on e-commerce, besides being affordable. It suits all the frequent shoppers who buy from Amazon, Flipkart, or Swiggy.
Meanwhile, the HDFC Regalia Gold Credit Card is a favorite among seasoned credit card users and luxury seekers. Superior travel benefits, premium memberships, and acceleration in reward points make this highly sought after for an upscale lifestyle.
Detailed Comparison of Benefits
Millennia Credit Card
- Joining fee: ₹1,000, which makes it very affordable.
- Cash Back Benefits: 5 percent cash back on major e-commerce sites, up to ₹1,000 a month.
- Daily Usage: Ideal for frequent online shoppers and those seeking hassle-free cashback.
Regalia Gold Credit Card
- Premium Benefits: A joining fee of ₹2,500 is the price for premium benefits.
- Luxury Benefits: Rewards heavy spenders with accelerated points, premium memberships, and travel perks.
- Travel-Friendly: Offers lounge access and lower foreign currency markup fees, which will appeal to frequent travelers.
Who Should Choose the Millennia Credit Card?
The HDFC Millennia Credit Card is perfect for:
- Frequent online shoppers or students.
- Users with modest spending, willing to make the most of cash back.
- Individuals with low annual fees and a straightforward rewards system.
Who Should Choose the Regalia Gold Credit Card?
The HDFC Regalia Gold Credit Card is ideal for:
- People who have big spends, looking for luxurious benefits, and want the best out of the reward scheme.
- Domestic and international travelers who use lounges have less foreign currency fees.
- Users who are premium benefit seekers and want free membership to travel and lifestyle programs.
Final Verdict
Both cards have different strengths and cater to different user profiles. HDFC Millennia Credit Card is a great option for budget-conscious shoppers who look for cashback on daily spends. HDFC Regalia Gold Credit Card, however, is a premium offering for users seeking travel benefits and a luxurious lifestyle.
The choice will depend on spending habits and financial goals. If one is a consistent online shopper with average expenditure, there cannot be anything better than the Millennia Card. However, if you prefer luxury, travel, and greater rewards, then the Regalia Gold Card would be worth the fee. Assess your priorities and choose a card that matches your lifestyle and your needs.
