Is HDFC Bank's Millennia credit card good?

Credit Cards HDFC
,
1

Is HDFC Bank’s Millennia credit card good?

2

Yes, the HDFC Millennia Credit Card is a great option for those seeking cashback on everyday online purchases.

Pros:

  • 5% cashback on selected online merchants (Amazon, Flipkart, etc.).
  • 2.5% cashback on other online spends, 1% cashback on offline purchases.
  • Annual fee waiver on 4 transactions of ₹500 or more within the first 3 months.
  • No minimum transaction requirement for earning CashPoints.

Cons:

  • Cashback capped at ₹1,000 for 5% category and ₹500 for 2.5%.
  • Limited to specific merchants for higher cashback.

Ideal for:

Those who make frequent online purchases and prefer cashback over other perks.

3

Yes, for those who would rather receive cashback than reward points for their online purchases, the HDFC Millennia Credit Card is a fantastic choice.
What makes it good?

  • Earn 5% CashPoints on popular brands like Amazon, Flipkart, Zomato, Swiggy, Myntra, and Tata Neu.
  • Get cashback on all other purchases, whether online and offline, with 1% cashback on other spends.
  • 8 Free Domestic Lounge Access: Great for occasional visitors.
  • Spend ₹1 lakh a year and the ₹1,000 annual fee is waived. This is known as the Spend-Based Fee Waiver.
  • Simple Redemption: Use cashback to book flights or hotels, buy products, or get statement credit.

What Could Make It Not the Best Option?

  • Not Ideal for Travel - Exorbitant forex fees (3.5%) and no access to international lounges.
  • Cashback Cap: 5% cashback categories can only earn up to ₹1,000 per month.
  • Wallet Loads & EMI Transactions: No Rewards - There is no cashback for EMI purchases, gift cards, or wallet loads.