Comparison: AmEx Membership Rewards vs HDFC Bank Millennia Credit Card

American Express Membership Rewards Credit Card Highlights

  • Welcome Benefits:
    Earn 4,000 Membership Reward Points (RPs) by spending ₹15,000 in the first 90 days.
    Bonus: Earn an additional 2,000 RPs with our referral link!
  • Rewards:
    • 1 RP for every ₹50 spent.
    • 2X RPs on the AmEx Rewards Multiplier Portal.
    • Redeem RPs on a range of products, travel, and shopping.
  • Milestone Benefits:
    • 1,000 bonus RPs for completing four ₹1,500+ transactions in a month.
    • 5,000 RPs upon paying the 1st-year renewal fee.
  • Dining Perks:
    Enjoy up to 20% off at selected restaurants.
  • Spend-Based Fee Waiver:
    Renewal fee of ₹4,500 is waived if you spend over ₹1.5L annually.
  • Fuel Benefits:
    1% fuel surcharge waiver at HPCL fuel stations.

Fees & Charges:

  • Joining Fee: ₹1,000 + GST | Renewal Fee: ₹4,500 + GST
  • Interest Rate: 3.5% per month
  • Foreign Currency Markup: 3.5%

Apply now: American Express Membership Rewards Credit Card

HDFC Bank Millennia Credit Card Highlights

  • Welcome Benefits:
    1,000 bonus CashPoints on realizing the joining fee.
  • Rewards:
    • 5% cashback at Amazon, Flipkart, Swiggy, Uber, and more partnered merchants.
    • 1% cashback on all other spends.
  • Redemption Options:
    • Redeem CashPoints for flight/hotel bookings on SmartBuy, cashback, or air miles.
  • Dining Perks:
    Enjoy up to 20% discount at Swiggy Dineout partnered restaurants.
  • Spend-Based Fee Waiver:
    Annual fee waived if you spend ₹1L in a year.
  • Fuel Benefits:
    1% fuel surcharge waiver across all fuel stations in India.

Fees & Charges:

  • Joining Fee/Renewal Fee: ₹1,000 + GST
  • Interest Rate: 3.6% per month (42.3% p.a.)
  • Foreign Currency Markup: 3.5%
  • Rewards Redemption Fee: ₹99

Apply now: HDFC Bank Millennia Credit Card

Quick Comparison

Features American Express Membership Rewards Credit Card HDFC Bank Millennia Credit Card
Joining Fee ₹1,000 + GST ₹1,000 + GST
Renewal Fee ₹4,500 + GST ₹1,000 + GST
Welcome Benefit 4,000 RPs (on ₹15,000 spend) 1,000 bonus CashPoints
Interest Rate 3.5% per month 3.6% per month (42.3% p.a.)
Rewards 1 RP per ₹50 spent 5% cashback (Amazon, Flipkart, etc.)
2X rewards via Rewards Multiplier 1% cashback on other spends
Dining Up to 20% off (selected restaurants) Up to 20% off (Swiggy Dineout)
Foreign Currency Markup 3.5% 3.5%
Travel Benefits N/A N/A
Milestone Rewards Bonus RPs on monthly spends ₹1,000 voucher (on ₹1L spend/quarter)
Fee Waiver Waived on ₹1.5L annual spend Waived on ₹1L annual spend
Rewards Redemption Fee Nil ₹99 per redemption

Choose the one that best fits your spending pattern and lifestyle!