The HDFC Millennia Credit Card is designed for millennials and young professionals who are looking to earn cashback on their everyday spends. Here’s a detailed breakdown of the card’s features, benefits, and how you can make the most out of it.
Key Features of the HDFC Millennia Credit Card
- Annual Fee: ₹1,000 (waived if you spend ₹1 lakh in the previous year)
- Welcome Benefit: 1,000 CashPoints on joining (after the first year’s membership fee is realized).
- Cashback:
- 5% cashback at select partner merchants (Amazon, Flipkart, Myntra, Zomato, Uber, Swiggy, etc.).
- 1% cashback on all other spends, excluding fuel purchases.
- Maximum cashback:
- 1,000 CashPoints at the 5% rate per statement cycle.
- 1,000 CashPoints at the 1% rate per statement cycle.
- Gift Vouchers: Get ₹1,000 worth of gift vouchers every quarter on spending ₹1 lakh annually.
Maximizing the HDFC Millennia Credit Card Benefits
To unlock the maximum benefits, here’s the minimum spend required:
| Spend Category | Minimum Spend |
|---|---|
| Partner Merchants (5%) (Amazon, BookMyShow, Flipkart, Zomato, etc.) | ₹20,000/month |
| Other Purchases (1%) | ₹1 lakh/month |
| Gift Vouchers (₹1,000/quarter) | ₹4 lakh/year |
Maximum Benefits You Can Get
If you hit the maximum spend limits, here’s how the rewards stack up annually:
| Benefit Type | Amount |
|---|---|
| Total Cashback (5% rate) | ₹12,000 |
| Total Cashback (1% rate) | ₹1,600 |
| Gift Vouchers (₹1,000 each quarter) | ₹4,000 |
| Annual Fee Waiver | ₹1,000 |
| Total Benefit | ₹18,600 |
How to Maximize Rewards
- Partner Merchants (5%): Spend ₹20,000/month to maximize cashback (₹1,000 CashPoints per month).
- Annual Gift Vouchers: Reach ₹4 lakh annual spend for four ₹1,000 gift vouchers.
- Waive Annual Fee: Spend ₹1 lakh annually to get the ₹1,000 fee waived.
The Net Reward Rate
- With a total spend of ₹4 lakh per year, you’ll earn ₹18,600 in benefits.
- This gives you an effective reward rate of 4.65%.
Is the HDFC Millennia Credit Card worth it?
For young professionals who regularly shop online and spend on partner platforms, it offers a solid cashback return and valuable perks like gift vouchers and an annual fee waiver.
Apply Now for the HDFC Millennia Credit Card and Start Earning Cashback!