HDFC Millennia

HDFC Millennia is an entry-to-mid tier cashback credit card from HDFC Bank, launched to target the millennial demographic who spend heavily on e-commerce and food delivery apps. Unlike traditional reward point cards, Millennia offers straightforward cashback in the form of CashPoints where 1 CashPoint = Rs 1.

The card is available in both Visa and RuPay variants, with the RuPay version offering UPI functionality.

Key Benefits:

• 5% Cashback: Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Cult.fit, Sony LIV, Tata CLiQ
• 1% Cashback: All other eligible spends
• 1 CashPoint = Rs 1: Simple redemption against statement
• Welcome Bonus: 1,000 CashPoints on joining fee payment
• Fuel Surcharge Waiver: 1% waiver (max Rs 250/month)
• Low Annual Fee: Rs 1,000 (waived on Rs 1L spend)
• Quarterly Milestone: Rs 1,000 voucher OR lounge access on Rs 1L quarterly spend

Welcome Benefit:

Receive 1,000 CashPoints (worth Rs 1,000) on payment of the joining fee.

Quarterly Milestone Benefit:

Spend Rs 1 lakh or more in a calendar quarter to earn a choice of:

• Rs 1,000 gift voucher from select brands, OR
• 1 domestic airport lounge access voucher (via HOI)

Note: You must choose between the voucher or lounge access - you cannot get both.

Domestic Lounge Access:

Lounge access on HDFC Millennia is NOT complimentary by default. It is available only through the Quarterly Spends Milestone program:

• Spend Rs 1 lakh or more in a quarter
• Choose between Rs 1,000 voucher OR 1 lounge access
• Maximum 4 lounge visits per year (if you skip vouchers)

No International Lounge Access

Cashback Structure:

• 5% Cashback: Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Cult.fit, Sony LIV, Tata CLiQ (non-EMI only)
• 1% Cashback: All other eligible retail spends
• Monthly Cap: Maximum 1,000 CashPoints on 5% category per statement cycle

Excluded from Cashback:

Fuel, rent payments, government transactions, cash advances, EMI transactions, fee payments, and wallet recharges.

Redemption: 1 CashPoint = Rs 1 redeemable against statement balance.

Fees:

• Joining Fee: Rs 1,000 + GST
• Annual Fee: Rs 1,000 + GST
• Fee Waiver: Spend Rs 1 lakh in a year for fee waiver
• Add-on Card: Lifetime free

Charges:

• Interest Rate: 3.6% per month (43.2% per annum)
• Forex Markup: 3.5% (not recommended for international use)
• Late Payment: Rs 100 to Rs 1,100 based on bill amount

Age: 21-40 years

Income Requirements:

• Salaried: Rs 35,000 per month minimum
• Self-Employed: Rs 6 lakh per annum ITR

Note: The card specifically targets younger demographics with a maximum age limit of 40 years.

For Salaried:

• PAN Card
• Aadhaar Card
• Latest 1 month salary slip
• Bank statement (last 3 months)

For Self-Employed:

• PAN Card
• Address Proof
• ITR for last year