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The Only Credit Card You need for Online Shopping: HDFC Millenia Credit Card

  

HDFC Millenia Credit Card

[FinTech Elevate Rating: 5/5]

  • The HDFC Millenia Credit Card is an excellent choice for those looking to maximize rewards on everyday spending on online purchases, movies, Online food delivery & cabs etc.
  • Additionally, it comes with quarterly milestone reward!! we will see what that reward is in next few lines. But before that take a look at this beautiful card:

                                                    The Only Credit Card You need for Online Shopping: HDFC Millenia Credit Card
  • Let's now have a look at some top features of this card:
    • [A] 5% Cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato
    • [B] 1% cashback on all other spends (except Fuel, Wallet, EMI, Govt transactions)
    • [C] ₹1000 worth gift vouchers on spends of ₹1,00,000 and above in each calendar quarter [Milestone benefit]
    • Upto 20% discount on partner restaurants via Swiggy Dineout.
    • Additionally, 5% reward for purchases on smartbuy platform.
  • Reward points earned on this card can be redeemed as cashback on your credit card with 1:1 conversion ratio.
  • Joining & Annual Renewal Fees:
    • Joining: 1000 (LTF currently - apply at Link)
    • Renewal: 1000  (LTF currently - apply at Link)
    • Welcome Benefits (Applicable only if its paid card)
      • Welcome Voucher: Get a gift voucher worth Rs. 1,000 from your preferred online retailer when you make your first transaction.

    • Illustrating the Most Effective Usage of This Card:  

      • Let's say you spend: 
        • [A1] Rs 5000 on Amazon/Flipkart/Myntra/TataCliq
        • [A2] Rs 5000 on Zomato/Swiggy
        • [A3] Rs 5000 on Uber/Boookmyshow
        • [B1] Rs 10000 other spends
        • [B2] Rs 10000 Other Misc expenses 
      • You would end up saving - (15000*.05 + 20000*.01)*3+1000 (milestone reward) = 3850
      • Total Spend = 105000 in a quarter
      • Saving % = 3850/10500 = 3.7% reward rate!!
    • Imagine saving Rs. 15400 by paying mere Rs 1000 per year or 0 (if LTF). Cherry on top you can redeem these points against your credit card bill for best redemption rate. (Note: milestone reward is already 1:1 ratio gift card worth Rs 1000)
    • If this card meets your requirements - go ahead and apply for it at Link











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