HDFC Millennia Credit Card

Eligibility Criteria

HDFC Millennia Credit Card: A Comprehensive Review

The HDFC Millennia Credit Card is one of the best entry options for young professionals and millennials who would like to get a feel of earning rewards through a credit card. In this article, there will be an in-depth view of the card’s features, benefits, and user experiences.

Card Details

Issuer: HDFC Bank

Card Type: Visa

Annual Fee: ₹1,000 + GST (waived on spends of ₹1 lakh or more in the previous year)

Joining Fee: ₹1,000 + GST, normally waived for new customers

Interest Rate: 3.49% per month (41.88% per annum)

Cash Advance Limit: Up to 40% of credit limit

Foreign Currency Markup: 3.5% + GST

Eligibility Criteria

The HDFC Millennia Credit Card is specially tailored for young professionals and millennials. The eligibility criteria are as follows:

1. Age: 21-60 years
2. Income: ₹3 lakhs minimum annual income for salaried individuals
3. Credit Score: Good credit score is preferred, normally above 750
4. Employment: Salary or self–employed professional
5. Residence: Either a resident Indian or Non-Resident Indian

Documents Required

Applicant must provide the following documents to apply for HDFC Millennia Credit Card:

1. Application form with complete details
2. Passport-sized photograph
3. Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID
4. Address Proof (any one): Aadhaar Card, Passport, Driving License, or Utility Bill not older than 3 months
5. Income Proof:

   – For salaried: Latest 3 months’ salary slips and Form 16

   – For self-employed: Income Tax Returns for the last 2 years and bank statements for the last 6 months

Card Features & Benefits

1. Rewards Program:

• 5% cashback on all online spends
• 1% cashback on all offline spends
• 2x reward points on all Amazon spends
• 1 reward point per ₹150 spent on other categories

2. Welcome Benefits:

• 1,000 bonus reward points on card activation
• Amazon voucher worth ₹1,000 on spending ₹1,000 within 30 days of card issuance

3. Travel Benefits:

• Complimentary airport lounge access(2 per quarter) at domestic airports
• 1% fuel surcharge waiver on transactions between ₹400-₹5,000

4. Lifestyle Benefits:

• MovieMax offer: Up to 20% off on movie tickets booked through BookMyShow
• Dining delights: Up to 15% discount at partner restaurants

5. Insurance Coverage:

• Air accident cover of ₹1 crore
• Avail credit shield cover up to ₹9 lakhs

6. Flexibility

• EMI conversion facility on large purchases
• Balance transfer from other credit cards

Card Description

The HDFC Millennia Credit Card is personalized to the needs and preferences of a young professional or millennial. The look and feel of it are sleek, with a more minimalist look and basically just a black color scheme accented with silver highlights. The card number and the cardholder’s name are in silver embossing, making it look very stylish.

This card is more inclined towards paying rewards on digital transactions; hence, it will be an excellent card for people who shop frequently online or through digital means. With its 5% cashback offered on online spends, Millennia Card is the leader in the market for the e-commerce enthusiasts.

This reward structure is such that it has seen a move of both online and offline transactions, with a greater weight on digital transactions. This will suit the millennial-spending habits, which include ‘e-commerce platforms’ and ‘digital wallets.’.

Added benefits, such as airport lounge access and dining discounts, add value for young professionals who love travel and dining out. The card is also good in the sense that it comes with an overall balance of rewards versus lifestyle benefits that makes it versatile in everyday life usage.