HDFC Bank Launches Credit, Debit, EMI & Prepaid Cards for Millennials

By | August 22, 2019

India’s largest credit card issuer, HDFC Bank today has launched series of cards: Credit/Debit/ Prepaid/EasyEMI cards in partnership with MasterCard, targeting the millennials of India, the segment that account for 34% of India’s population. Here’s a look into all of them:

These are basically the cards for beginners with similar benefits across all card types (Credit/Debit/Prepaid/EasyEMI) and are tuned towards the lifestyle of Millennials. A quick look at the features of credit & debit cards are here:

For more details, visit the bank site here

Millennia Credit Card – Overview:

Let’s look at credit card benefits/features alone for now,

  • Fee: Rs.1000+GST (waived off if you spend ₹30,000 and above in the first 90 days)
  • Renewal membership fee will be waived off if you spend ₹1,00,000 and above in the first year
  • Launch offer of ₹1000 worth gift vouchers on spends of ₹1,00,000 and above in each calendar quarter for first year only.
  • 5% CashBack on Amazon, Flipkart, Flight & Hotel bookings on shopping via PayZapp and SmartBuy (minimum transaction size of ₹2000)
  • 2.5% CashBack on all online spends (minimum transaction size of ₹2000)
  • 1% CashBack on all offline spends and Wallet reloads (Minimum transaction size of ₹100)
  • 8 Complimentary Domestic Airport Lounge access annually
  • 1% Fuel surcharge waiver 

Worth it?

With good minimalistic design & 2.5% cashback on Online Spends (txn: >2k INR) that simply replaces most other cashback cards in the industry.

But hey, the upper cap is “Rs.750 per month” for this category. That’s about Rs.30k monthly spend which is bit low but still good for most “regular” credit card users.

So it all looks good for now, we will know how this actually works in reality soon.

Bottomline

That’s a decent value proposition for this segment except that the small upper caps disappoints a bit. If you’re holding HDFC Bank’s super premium cards like Infinia or Diners Black, this may not interest you.

But for those who’re holding Regalia First or other lower end cards and need better returns on online spend, this would serve as a good upgrade.

Remember, this cannot actually be directly compared with Regalia range of cards, as Millennia cards don’t have international lounge access benefit. But if you’ve multiple other bank cards which gives you Intl lounge access benefit and unable to upgrade to HDFC super premium cards, this would be a perfect fit.

What’s your take on HDFC Millennia Credit Card? Feel free to share your thoughts in the comments below.

99 thoughts on “HDFC Bank Launches Credit, Debit, EMI & Prepaid Cards for Millennials

  1. Nihar

    Hi Sid I am interested in debit card if it gives 2.5% cashback on spends on Cred . What do you think will cred spends qualify.

    Reply
    1. Ayush Agrawal

      This is a very interesting idea! First get cashback on the credit card, and then get cashback on paying off the credit card!

      Reply
      1. Angshuman Chatterjee

        The caps are 750/ per category ! That’s Rs 2250/ per month ! Whopping !

        Reply
    2. Pikorab Basu

      How to apply for these cards?? Do we have to be a customer of the bank necessarily?

      Reply
    3. Veenus

      icici coral gives, i keep getting paybackpoints for spending on cred app. avg spend on the app is ~50k a month to a lakh, i easily get around 1000rs worth payback points

      Reply
      1. Manish

        HI Veenus,
        How to get payback points on CRED ?
        Can you please explain ?

        Reply
      2. shibin k v

        i was eligible for hdfc debit emi 3 months back.i have purchased galaxy watch for 20k from amaon.but unfortunately i had returned it due to the size issue…the return was complete.i have paid the penalty to the bank and everything ontime..i have checked with my branch also..the issue is after this order iam never eligible for hdfc debit emi…what do with this…? hdfc never mentioned u will lose the eligibility if u return the product..

        Reply
  2. MT

    HDFC finally changing its stance again on wallet reloads… nice to know that

    Reply
    1. Manjunath Shivashankar

      This card is targeted for masses. If you want to feel premium & get attention from customer care, then better wait to see how market responds to this. This card is brought to heat up the middle segment & gain the lost ground against APICICI or recently launched co-branded credit cards with E-commerce players

      Reply
      1. Anil

        Yes, what you told is absolutely right. I was expecting a card from HDFC Bank like this, because Amazon Pay ICICI Card and Flipkart Axis card gives good cash back and rewards. To confront these cards in current market, hdfc bank much needed this move.

        Reply
  3. Ankit Jain

    Hi Sid,
    It is 750 cash points. I believe..
    maximum CashBack of ₹750 per month
    CashBack will be given in the form of CashPoints,
    1 CashPoint = ₹0.30.

    please add full detail

    Reply
    1. Siddharth Post author

      1 CashPoint = ₹1. (for stmt credit)
      1 CashPoint = ₹0.30 (for flight/hotel redemption)

      This conversion is reverse compared to other cards!

      Detailed review maybe after few weeks.

      Reply
      1. Ankit Malhotra

        I think someone in their product team goofed up while writing the details and this will be reversed soon.

        Reply
        1. Siddharth Post author

          lol. I doubt. As they market it as a cashback card, similar to others in competition, they might have decided to give better value for stmt. credit.

          Reply
          1. Abhishek Roy

            These cards will make sense to 80% of the users in India. Amazing product. The only apprehension is a downgrade at a later stage. Fingers Crossed.

        2. Raj

          Either this or HDFC will add a condition that will credit cashback after 90 days. Those 90 days will be the longest 90 days in human life

          Reply
      2. Ankit Malhotra

        HDFC is out to become the primary card for spends with this and they have made the redemption tight to make ppl stick :

        The minimum CashPoint balance required for redemption against the statement balance is 2500 CashPoints, redeemable in multiples of ₹500 only.
        Unredeemed CashPoints will expire/lapse within 1 year of accumulation

        Reply
        1. Ankur

          If this is the case and someone forgets or does not spend enough, the points will keep lapsing and will give zero return. High restriction of 2500 points.

          Better to take ecommerce partner cards and keep other card of HDFC instead of these.

          Reply
      3. Ankit Jain

        Hi Sid,
        It was reversed when I read it from what it is there now. Does not make sense DCB and all, it is reverse..

        Thanks
        Ankit

        Reply
    2. Veenus

      cash back is 1re- per point, ive applied> check option for auto upgrade.

      Reply
  4. Ankit Malhotra

    The lounge access is mentioned to be across MasterCard/Visa/Diners which means that the card is available with all options.

    Reply
  5. Ankit

    I have received option for upgrade for my money back to regalia first. Should I opt for the upgrade or wait for the launch of millenia credit card?

    Reply
    1. Mickey

      Go for Regalia First, it’s a great card still, lots of features

      Reply
      1. Nandakumar K

        I would still prefer cards to include the option of points to be converted to statement credit. This is missing in both Regalia First and Regalia cards. Sometimes all we need is the money!

        Reply
    2. Raghu

      They have made it complicated for Millennia, very unlike AP ICICI or Flipkart Axis CC. If you are holding any of these, I think Millennia doesn’t make much sense.
      In order to redeem those points for Statement credit, a minimum of 2500 points are reqd, meaning Rs. 50000 per year on 5% category and this min spend increases for spends on other categories; min tx of 2000 for additional points online adds to the woes.

      Reply
  6. Shiznit

    Too many conditions to remember and higher annual fee than Amazon or flipkart cards. Need simpler cards to make a mark.

    Reply
    1. Praveen Katiyar

      Hahahaha..
      That’s how HDFC does want it to be.. so that more and more people goof up.. n keep calling them for issues..
      Just like 9x reward accrual on other premium cards..

      Reply
  7. Bhavya

    Wondering if they would give 2.5% back on online insurance premium payment transactions or would keep it in the 1% back category ?

    Reply
  8. Mickey

    Well looks like HDFC is quite serious about doubling it’s customer base from 12 to 25 million.

    Regalia First would still be a better card if you are a frequent traveler – you get free international lounge access + the Forex mark-up is only 2% which is even better than premium cards like SBI Prime

    Reply
  9. Mickey

    This would be of interest regarding this card –

    HDFC is targeting 2 million users for this segment

    Reply
  10. A2Z

    HDFC already own 50% of credit cards circulated in India
    They will remain pioneer forever
    Millenia or as it says in Hindi “Milley Nahi ha” i.e. those who haven’t met yet
    So those who haven’t yet got HDFC card, this could be good beginning

    Reply
  11. Nishith Kumar

    The credit card isn’t quite appealing IMO. I would much rather go for the debit card. Although the fee of 500 is on the higher side, I feel it could be recovered thru cashbacks and Lounge Access.

    Reply
  12. Vineet Suratran

    How much is fcy markup fees? 3.5% or 2%?
    If it is 2%, I’ll opt for this instead of regalia first. Else, I’ll wait for hdfc to upgrade it to regalia.

    Reply
    1. Mickey

      Definitely not 2%, so 3.5%

      And there is no International lounge access if that matters to you

      Reply
  13. Avinash Chaluvadi

    Hello Siddharth,
    Do you think that this card is better than Club miles diner card ? Cashback seems to be better than diners rewards & premium cards as well.

    Reply
    1. Ankur

      There are way too many conditions to utilize this card. Take club miles and for cashbacks take ICICI Amazon card or Flipkart axis card.

      Reply
  14. Balaji

    This is too good to be true. I am pretty sure, this is some goof up.

    Reply
  15. Arko Sarkar

    Hello Sid,

    I’ve option between clubmiles, millinea and regalia first in pre-approved.

    My itr is low so i don’t know if this pre-approval on their online portal means anything, never applied for any cc in hdfc but have a classic saving a/c with them.

    I was thinking to get a diners cars as I’ve some visa/master premium ones from other banks, so is this is a good choice? Can you tell which one is nice? Domestic use primarily.

    Reply
    1. Arko Sarkar

      I meant clubmiles diner, as online i couldn’t find option for millinia diner and they may randomly assign visa/master if i go ahead.

      Reply
    2. Kishore

      They told me I had pre approval for regalia first..I don’t have any credit cards with HDFC except savings account with good AMB.

      Pre approved means ,will they check CIBIL..?

      Reply
      1. Ankur

        Yes. For preapproved card, HDFC will do a cibil query to check if their is no negative report on your cibil. But HDFC will approve your card if you have good relationship with them.

        Reply
    3. Rohit

      @Sarkar @Kishore : Both of you will get HDFC credit card without any documentation if it is pre-approved, My CIBIL was -1 and still i was pre approved for Diners Black as my First credit card one year back and that too with 8 Lakhs credit limit which has now been increased to 9.5 Lakhs.

      So, With HDFC Pre-Approved which works on Banking relationship and algorithms, there is no need of CIBIL or ITR.

      Reply
  16. Anil

    Hi what about Millennia debit card? Anyone received the option to apply through NetBanking? I don’t see this card in card upgrade option.

    Tell me if anyone got this card….

    Reply
    1. KKishore

      Got this card couple of days ago… through branch,
      Now they provided the upgrade option through net banking…

      Reply
  17. Amit

    I am having a preferred relationship with HDFC. I am getting an option in netbanking for preapproved credit card viz., Millennia, EasyEMI, Regalia First and Diners Clubmiles. Can anyone tell me the procedure if I opt to apply for pre-approved credit card through HDFC netbanking? I.e., whether there will be any verification at residential or office address, document collection, salary slip /ITR requirement etc., if I decide to apply? I am thinking of going for Diners Clubmiles so that later I may upgrade to Diners Club Black.

    Reply
  18. Narayanan

    ICICI Amazon Pay card is the best in the market so far in terms of cashback. No riddles involved in terms and conditions + LTF! Considering these reward to cash ratio etc, ICICI amazon pay card scores ahead of every credit card!

    Reply
    1. AMIT G

      @Narayanan
      What about Flipkart Axis card instead of Amazon pay Card. Is it better? What do you say?

      Reply
      1. Raghu

        Flipkart Axis CC also has conditions such as rounding up spends for cashback (CB) – 1 rupee for 123rs or 3 rs for 360rs – and for 4% on partners, you need to use coupon codes, meaning you can not use any other coupon codes on MMT for example (might be helpful for Urbanclap or Uber who does not give many coupons)
        ICICI AP is a no-frills card – no restrictions as mentioned – just like how Amazon is in general – clear, simple, and easy T&Cs

        Reply
  19. Hari

    Looks like SCB had launched a competitor for this card. The DigiSmart credit card.

    Reply
  20. Bhavya

    I tried to apply for the millennia credit card but the executive at the credit card department in my home branch said that a person can only hold one HDFC credit card at a point of time. Is there such a limit for number of HDFC credit cards per person ?

    Reply
  21. Prasenjit Narwade

    Converted my now useless JetPrivilige Debit card to Millennia Debit Card. Hope it keeps the promise 🙂

    Reply
    1. Sharathkumar Anbu

      Hi Prasenjit,

      How did you convert the debit card? I have checked online now too and there is no option to convert yet. If you have applied through branch, could you tell me the debit card code to fill in form?

      Is the annual fee waived for classic, preferred customers?

      Reply
      1. Prasenjit Narwade

        Hi Sharath,

        I applied through my RM. You can’t choose it online as of now. Didn’t ask for fee wavier. But was able to get it waived for Jet Privilege card in the past. So hopefully will be able to for this as well.

        Reply
    2. Karan

      Hi Prasenjit
      Are you able to add money to patym and able to do transaction on cred using Millennia Debit Card.
      I’m asking you because mine is not working the debit card is being identified as a prepaid card.
      If anyone else also has got the Millennia Debit Card please tell your experience regarding the same.
      For me I’m also not able to add the card to Samsung Pay.

      Reply
      1. Prasenjit Narwade

        Hmm … that’s interesting… Didn’t try it yet. Will let you know once I try..

        Reply
      2. KKishore

        @karan
        Yes..I have added to the paytm wallet and Paytm bank also(upto 2000 with debit card)..but mobikwik not accepting this debit card for some transactions, it’s showing “credit cards not allowed to do this transmission”

        Reply
  22. vic

    Just wanted to make sure this is correct,
    1) The card fee is Rs.1000, but on Spending Rs.1,00,000 fee will be waived and if not, then we will still get “Welcome Benefit/Renewal Benefit of 1000 Cash Points” which is worth Rs.1000?
    2) The maximum Cashback of Rs 750 per month is per category, meaning 3 categories so max total cashback Rs.2250 theoretically is possible
    3) Transactions via PayZapp and SmartBuy and all online spends less than 2000 would earn 1% or not earn any points? can someone confirm this.
    4) Points expire in 1 year and minimum required are 2500 and a fee of Rs.99 applies?
    5) Gst would apply incase on waiver of fee or not
    Thanks

    Reply
  23. Creder

    Is that prepaid card is considered as a credit card or debit card? Can I use is to make Cred payments?

    Reply
  24. Tejas

    I have a Question. Which one should I get? (Annual Fee is not a issue..I’m looking for a card with maximum Benefits)
    I currently have JetPrivilege VISA Signature Debit Card and its of no use to me now…
    Millennia Debit Card, Platinum Debit Card or Times Point Debit Card?

    Reply
    1. GTMAX

      Go for Millenia as it gives cashback on various spends as well as 1 lounge access quarterly. I also switched from Jetprivilege to Millenia.

      Reply
  25. Rajesh

    Millennia Debit Card is now available through netbanking! 😀

    But with Cred benefit gone, feels sad :/

    Reply
      1. Rajesh

        Haven’t been sent any notification.

        It was free for my SavingsMax account, so should be free for Classic too.

        Reply
  26. Anoop E S

    request to upgrade to Millenia Debit Card is available through net banking

    Reply
    1. Himanshu

      Yes. I applied for it on 26th September 2019 and got it on 29th September 2019. The card number is mentioned on the back of the card which makes it more appealing.

      Reply
  27. Joy

    Can anyone using the Millennia Credit card confirm whether any Cash points/rewards points have been credited back to your accounts/statement? I have been using the Millennia card from the last month with cumulative spends of more than 31k. However, yet to receive a single Cash point/reward points against my card. Please advise if possible.Thanks.

    Reply
    1. GTMAX

      From HDFC Millenia Product page “CashBack Points will be credited in 90 days from the date of transaction”

      Reply
    2. Praveen

      I think you will get it once the bill is paid. Did you get any as it’s been long time?

      Reply
      1. Joy

        After multiple followup via email ,cash points have been credited with this mknth’s statement.

        Reply
        1. Hashim M H

          to which mail id you followed up , same thing happened to me also and nit gettting poins as promised also some points as reducing andcomes under colom redeemed/ adjusted/lapsed. didnt redeemed till now. my spend for last three months is around 1.25 lac and point credited is 305 only

          Reply
          1. DIPAK KUMAR

            yes, hdfc is thief, they do not give reward points on time ,i think they credit reward points in 90 days . I also did not get the rewrds as promised. Do not know why? Its better to use axis flipkart card and icici amazon pay card. HDFC cards are worst. I never recommend the HDFC cards.

  28. Pradheep P

    HDFC is known for bait and switch tactics. They will attract a mass of volume with this card and then devalue it. Same thing happened with their money back card. They had 1.6% cash back on all online spends and then they devalued it to .8% simply by reducing the earning rate and the point value. Same will happen to this card. I was stuck with one such money back card for years.

    Reply
  29. Harmanveer Kaur

    I have a question…which one to get?
    HDFC Millennia Debit Card v/s Millennia Credit Card OR any other Credit Card from HDFC?
    Mainly spending is online, Utility Bills + Fuel.

    Reply
    1. Rajesh

      Unless you’re a frequent flyer and stuff, Millennia should be the best option from HDFC for online spends I’d say, provided you can make the T&C work.

      Reply
  30. Sujith

    Hi I am being offered a diners variant of millennia card , is there any added diners benefits on this or just like other variants Visa/ Mastercard . Hope someone could put light on this variant , as it’s not present in there diners website .
    Thankyou

    Reply
    1. AbhiKohli

      Yes, you get additional headache for free (Diners=low acceptance, HDFC=Will give RPs at my own will)

      Reply
    2. Md Faisal

      for me too HDFC has offered an upgrade from Diners Premium to Diners Millenia. My Diners Premium is LTF card. The upgraded Millenia is having an annual fee. Is it worth going for an upgrade mainly for redeeming the rewards points as Statement credit?

      Reply
  31. Bhavya

    Does the 2.5% reward rate apply for online insurance premium payment using millenia credit card ? Can anybody please confirm.

    Reply
  32. Shalabh Agarwal

    What is this fuss about HDFC sending emails to target customers for Diners variant of Millenia card? It’s not on their website!

    Reply
  33. Ashish Nikhare

    Guys ! Just 3 days ago i had enabled a bill payment option through BILLPAY on HDFC netbanking for utility bill payment through my Millennia DEBIT card. But, today i had an Unauthorized/Fraud International transaction on my debit card. Luckily, my International was disabled and the transaction didnt go through. I have blocked the debit card immediately and also disble and deleted utility bill from Billpay in netbanking. Just curious ! Was there a leak from Billpay Billdesk ? Beware ! Disable your International transactions on Debit & Credit card when not required.

    Reply
  34. Ashish Goyal

    Hi Sid, Its been a year and you have reviewed Millennia Credit Card yet.
    Any reason for not covering this card and Any future plans regarding the same?

    Reply
      1. Ashish Goyal

        Eagerly Waiting for your Review of this card.
        Thanks in advance.

        PS: Please share additional tips and tricks to maximise the gains from this card.

        Reply
  35. Mahendra

    Does Millennia Credit card fall under the category of premium card? I already hold Regalia First but on net banking it says that Millennia is an upgrade from Regalia First. Does this mean Millennia is better than Regalia First?

    Reply
  36. Vikash Singh

    Rs.750/- month capping but I doubt when they consider the month? Like 01-30 September 2020 or statment credit card date 05-05 of the month??

    Reply
  37. GShan

    Hi, I have HDFC EasyEMI (add on) card along with DCB (primary). Did anyone load DhaniPay prepaid card using EasyEMI card? Did it give 2.5% (online txn) or 1% (wallet load) CB?

    Reply

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