How does a cardholder calculate Cashpoints earned on monthly spends?
To calculate the CashPoints earned on monthly spends with the HDFC Millennia Credit Card, follow these steps:
- Identify the Cashback Categories:
- 5% Cashback: On eligible online spends (Amazon, Flipkart, Swiggy, Zomato, etc.).
- 2.5% Cashback: On other online spends.
- 1% Cashback: On offline spends (excluding fuel, EMI, and non-eligible transactions).
- Check the Total Spend in Each Category:
Add up your spend amounts in each cashback category. - Apply the Cashback Percentage:
- 5% on eligible online spends.
- 2.5% on other online spends.
- 1% on offline spends.
- Add Up the CashPoints:
Total CashPoints = (Spend in 5% category * 5%) + (Spend in 2.5% category * 2.5%) + (Spend in 1% category * 1%). - Check for Monthly Cap:
- 5% category: Capped at ₹1,000/month (after which no cashback is awarded).
- 2.5% category: Capped at ₹500/month.
The total CashPoints earned will be the sum of all cashback points from eligible spends within the monthly limits.
| Spend Category | Cashback rate | Minimum Transaction | Max cashback per month |
|---|---|---|---|
| Amazon, Flipkart, Swiggy, Zomato, Tata Neu, Myntra | 5% | ₹2,000 per transaction | ₹1,000 |
| Other Online Transactions | 1% | No minimum limit | ₹750 |
| Offline Spends | 1% | No minimum limit | ₹750 |
| Fuel, Wallet Load, Rent, Insurance, Government Payments | 0% | Not eligible | N/A |
CashPoints Earned = (Eligible Spend × Cashback Rate) / 1 is the formula to calculate cash points.
For instance, if your monthly expenses are:
₹15,000 on Amazon and Flipkart (₹2,000+ each text message) → 750 (750 CashPoints) → 5% Cashback
1% Cashback on ₹10,000 in other online purchases equals ₹100 (100 CashPoints).
₹50 (50 CashPoints) => 1% Cashback = ₹5,000 spent offline
Fuel and rent costs ₹3,000, therefore 0% cashback equals ₹0. The total cash points earned are 750 + 100 + 50 = 900.