HDFC Bank Millennia Credit Card: Benefits, Limits & Charges

The HDFC Bank Millennia Credit Card which was launched to address every need of youngster professionals, easily fits into the image of a damn good credit card for the millennial generation. The annual membership fee for this card is ₹ 1000 which is charged annually There are a good number of benefits of getting this particular card: 5% cashback is given on all spending through popular online merchants such as Amazon, Flipkart, and Swiggy whereas 1% cash back on all other purchases. This structure allows users to save great amounts and earn points on their everyday purchases.

The HDFC Bank Millennia Credit Card is a fantastic choice for young professionals who value convenience, rewards, and exclusive benefits. With its competitive annual fee, generous cashback rewards, and access to exclusive offers, this card is designed to meet the needs of the modern millennial.

Rewards and Benefits

• 5% Cashback: Hunt for 5% cashback on popular websites such as Amazon, Flipkart, Swiggy and more.
• 1% Cashback: Get 1% Cashback on all other qualifying Purchases.
• Quarterly Spend Reward: Spend ₹ 1 lakh per quarter to get a ₹ 1000 worth gift voucher which translates to ₹ 4000 per year.
• Dining Discounts: 20% discount at partner outlets through the Swiggy Dineout App.
• Renewal Fee Waiver: ₹1,000 renewal fee.
• Redemption: Redeem CashPoints at ₹1 per point for statement balance or ₹0.30 per point for products, flights, and hotels.

Fees and Charges

• Renewal Fee: ₹1,000 + GST (waived on annual spends of ₹1 lakh)
• Interest-Free Period: Up to 50 days
• CashPoint Redemption Fee: ₹50 per redemption request for statement credit
• Fuel Surcharge Waiver: 1% on transactions, capped at ₹250 per cycle
• Late Payment Fees: Ranges from ₹100 to ₹1,300, depending on the outstanding amount
• Overlimit Fee: 2.5% of the over-limit amount, with a minimum charge of ₹600
• Foreign Currency Markup: 3.5% on international transactions

HDFC Bank Millennia Credit Card Reward Offers

Quarterly Spend Rewards: This particular credit card offers gift vouchers worth ₹1,000 for every ₹1 lakh or more spent in a quarter. Up to INR 4000 of meal vouchers per year.

Reward Redemption

• Cashback Redemption: These CashPoints can be used to pay your credit card statement at ₹ 1 per point of CashPoint earned.
• Product Catalog: The Customers can redeem CashPoints at ₹0. 30 per point for purchases at HDFC’s product catalogue.
• Flight/Hotel Bookings: CashPoints at ₹0 to avail an offer. 10 points per Rupee for quantities up to Rupees Two Hundred spent on eating joints using HDFC SmartBuy offers; 30 per point for booking flight tickets and hotels through HDFC SmartBuy.
• Airmiles: CashPoints can be converted into AirMiles at the ratio of 0. 30 AirMiles per point.
• Minimum Redemption: At least 500 CashPoints are needed for statement balance redemption.
• Redemption Fee: There is a ₹50 charge for every redemption request made against the overall statement balance.
• Points Validity: CashPoints are valid up to 2 years from the date of being earned.

Exclusions on Reward Points/Cashback

• Fuel Transactions: Cashback and CashPoints are not given on fuel.
• Rent Payments: Lack of rewards for paying the rent, when using the card.
• Government Transactions: In this section, one of the drawbacks of this method of earning rewards may be mentioned as follows:
• EMI Transactions: Refund is not possible for EMI transactions and voucher codes cannot be used in combination with cashback.
• Wallet Loading: Using digital wallets to store and transfer of funds does not attract points into the CashPoints account.
• Cash Advances: These include the following; cash advances are not part of the rewards.
• Card Fees Payment: Whatever is spent on card fees does not attract the earning of any reward.
• Smart EMI/Dial an EMI Transactions: Smart EMI or Dial an EMI transaction: There are no rewards for these types of transactions.

Who Can Apply for the HDFC Bank Millennia Credit Card?

• Age: A person must be at least 21 years of age and must not be older than 40 years.
• Income Requirements:
  • Salaried Employees: Minimum monthly take-home pay of ₹ 35000.
  • Self-Employed Individuals: Minimum annual income which is evident from Income Tax Return (ITR) should be ₹6,00,000.
• Residency: The candidate should be an Indian citizen.
• Credit Profile: No credit history is preferred but this card is helpful to all those who have just entered the credit world.

Documentation Needed for HDFC Bank Millennia Credit Card

• Identity Proof: Aadhar card or Passport Copy or Voter ID or Driving license.
• Address Proof: Telephone bill, voter ID, Lease agreement and Credit card statement.
• Income Proof:
  • Salaried Individuals: Any document, salary slips for the last 3 months or bank statement showing salary credits.
  • Self-Employed Individuals: Last ITR filed or Balance sheet or Income and expenditure statement for last 1 year or bank statement reflecting business transactions.
• Photograph: Recent passport-sized photograph.
• Application Form: Completed and signed credit card application form.

Application Process for HDFC Bank Millennia Credit Card

Via Net Banking:

1. Log in to your HDFC Bank NetBanking account.
2. Navigate to the “Cards” section and select “Credit Cards.”
3. Click on “Apply Credit Card” and choose the Millennia Credit Card.
4. Fill in the required details and submit the application.
5. Await confirmation and further instructions from the bank.

Via Mobile App:

1. Open the HDFC Bank Mobile Banking app.
2. Log in with your credentials.
3. Tap on the “Cards” section and select “Credit Cards.”
4. Choose “Apply Credit Card” and select the Millennia Credit Card.
5. Enter the necessary details and submit your application.
6. Wait for confirmation and follow any additional steps provided.

Via Activation Page:

1. Visit the official HDFC Bank Credit Card application page.
2. Select the Millennia Credit Card from the available options.
3. Fill in your personal, contact, and financial details as prompted.
4. Apply and complete any verification steps.
5. Await further communication from HDFC Bank regarding your application status.

FAQs