HDFC Millennia Credit Card vs HDFC Regalia First Credit CardHDFC Millennia Credit Card vs HDFC Regalia First Credit Card

HDFC Millennia vs HDFC Regalia First Credit Card

As India’s largest private sector bank, HDFC Bank has gained immense trust among its customers. Renowned for its diverse banking services, HDFC Bank stands out for issuing a range of credit cards with exclusive advantages. The Millennia Credit Card offered by HDFC Bank stands out as a highly praised cashback card in India, while the HDFC Bank Regalia First Credit Card presents another excellent choice with similar benefits.

Customers often find themselves puzzled primarily by the annual fee, which amounts to Rs. 1,000 for both cards. However, the real difference lies in their features: the Millennia Credit Card offers cashback, whereas the HDFC Regalia First Credit Card functions as a rewards card.

Examining the perks and incentives, the Millennia Card allures customers with a generous 5% cashback on purchases, while the Regalia First Credit Card offers 4 Reward Points for every Rs. 150 spent. Opting for the Millennia Credit Card appears advantageous for those seeking rewards and cashback.

However, the Regalia First Card presents an added benefit by bestowing up to 7,500 bonus reward points yearly through its milestone rewards. This advantage is absent in the Millennia Credit Card’s offerings. Choosing between these two credit cards might pose a dilemma due to these distinctive features.

Features and Benefits of HDFC Millennia Credit Card and HDFC Regalia First Credit Card

HDFC Millennia Credit Card:

  1. Popular Cashback Card: Widely recognized in the Indian market for its cashback benefits.
  2. Nominal Annual Fee: Priced at a reasonable Rs. 1,000 per year.
  3. Cash Points System: Earn cash points on all transactions, with 1 Cash Point equating to Re. 1 for statement balance redemption.
  4. Up to 5% Cashback: Offers the potential to earn a 5% cashback on purchases.
  5. Annual Fee Waiver: Annual fee waived if the previous year’s spending exceeds Rs. 1 lakh.
  6. Additional Benefits:
  • Welcome benefit: Rs. 1,000 in gift vouchers.
  • 5% cashback on partner brands.
  • 1% cashback on all other spends.
  • Discount of up to 20% on Swiggy Dineout.
  • 1 complimentary domestic lounge access per quarter.
  • Fuel surcharge waiver and other perks.

HDFC Regalia First Credit Card:

  1. Similar Annual Fee: Priced at Rs. 1,000 annually, aligning with HDFC Millennia Credit Card.
  2. The Reward Points System offers a lucrative incentive: for every Rs. 150 spent, you earn 4 Reward Points.
  3. Additionally, as a welcome gesture, you receive a generous 1,000 Reward Points as a Welcome Bonus.
  4. Furthermore, there’s an opportunity to gain up to 7,500 bonus Reward Points yearly, contingent upon reaching specific spending milestones.
  5. Cashback on Smartbuy: 5% cashback on travel and shopping spends via HDFC Smartbuy portal.
  6. Dining Discounts: Enjoy up to 30% discounts at over 2,000 participating restaurants.
  7. Insurance Cover: Receive a Rs. 50 lakh insurance cover against accidental air death.
  8. Fuel Surcharge Waiver: 1% waiver on fuel transactions between Rs. 400 and Rs. 5,000.
  9. Annual Fee Waiver: If your spending reaches or exceeds Rs. 1 lakh in the previous year, you’ll be exempted from the Rs. 1,000 annual fee.
  10. Redemption Values:
  • 1 RP = Re. 0.30 for flight/hotel bookings.
  • 1 RP = Re. 0.25 for products and vouchers.
  • 1 RP = Re. 0.15 for cashback.

Comparison between HDFC Millennia Credit Card and HDFC Regalia First Credit Card

HDFC Millennia Credit Card:

1. Annual Fee: Rs. 1,000
2. Welcome Benefits: Gift Voucher Worth Rs. 1,000
3. Reward Rate:

  • 5% cashback on Amazon, Flipkart, Swiggy, Zomato, Uber, Myntra, BookMyShow, & Tata CLiQ
  • 1% cashback on all other spends
  • 4 Reward Points per Rs. 150 spent

4. Reward Redemption:

  • 1 Cash Point = Re. 1 for redemption against the outstanding balance
  • 1 Cash Point = Re. 0.30 for redemption against other categories
  • 1 RP = Rs. 0.3 for redemption against flights and hotel bookings
  • 1 RP = Rs. 0.25 for redemption against products and vouchers
  • 1 RP = The charge of Rs. 0.15 is intended to offset any remaining balance on the card statement.

HDFC Regalia First Credit Card:

1. Annual Fee: Rs. 1,000
2. Welcome Benefits: 1,000 Reward Points
3. Reward Rate: 4 Reward Points per Rs. 150 spent
4. Reward Redemption:

  • 1 Cash Point = Re. 1 for redemption against the outstanding balance
  • 1 Cash Point = Re. 0.30 for redemption against other categories
  • 1 RP = Rs. 0.3 for redemption against flights and hotel bookings
  • 1 RP = Rs. 0.25 for redemption against products and vouchers
  • 1 RP = You’ll receive a credit of Rs. 0.15 towards balancing your card statement.

5. Milestone Benefits:

  • 5,000 bonus Reward Points on spending Rs. 3 lacs in a year
  • Receive an extra reward of 2,500 points when you spend Rs. 600,000 within a year.

6. Additional Benefits:

  • 4 complimentary domestic lounge access every year
  • Up to 20% discount on dining
  • Annual fee waived on spending Rs. 1 lakh in the previous year
  • Access to airport lounges will no longer be available starting from December 1st, 2023.
  • Up to 30% discount on dining
  • Annual fee waived on spending Rs. 1 lakh in the previous year

Which credit card suits you best?

1. Card Distinctions:

  • The HDFC Regalia First Credit Card and HDFC Millennia Credit Card serve distinct customer segments, each providing unique advantages customized to their individual needs.

2. Regalia First Credit Card:

  • Suited for frequent travelers, both domestic and international.
  • Focuses on earning reward points.

3. Millennia Credit Card:

  • Geared towards individuals seeking cashback and benefits for domestic travel.

4. Eligibility Criteria:

  • HDFC Millennia Credit Card has a lower income requirement compared to HDFC Regalia Credit Card.
  • The minimum monthly income needed for HDFC Millennia Credit Card is Rs. 35,000.
  • In contrast, HDFC Regalia Credit Card necessitates a higher income level.
  • A monthly income exceeding Rs. 1 lakh is mandatory for HDFC Regalia Credit Card eligibility.

5. Choice for Domestic Travel and Welcome Benefits:

Opt for HDFC Millennia Credit Card if:

  • Cashback and domestic travel perks are priorities.
  • Attracted to welcome benefits.

6. Desire for Reward Points and Regular Travel Experiences

HDFC Regalia First Credit Card suits those who:

  • Prefer earning reward points on transactions.
  • Are frequent travelers.

7. Considerations for Regalia First Credit Card:

  • Best for high spenders reaching Rs. 5 lakh and Rs. 8 lakh spending milestones.
  • Note: Comes with a higher annual fee.

Frequently Asked Questions (FAQs)

Q: What are the yearly charges associated with both the HDFC Millennia Credit Card and the HDFC Regalia First Credit Card?

A: Both HDFC Millennia Credit Card and HDFC Regalia First Credit Card have an annual fee of Rs. 1,000 each.

Q: What advantages are extended as a welcome gesture with these credit cards?

A: HDFC Millennia Credit Card provides a Rs. 1,000 Gift Voucher, whereas HDFC Regalia First Credit Card offers 1,000 Reward Points as welcome benefits.

Q: How do the reward rates differ between these two credit cards?

A: HDFC Millennia Credit Card offers a 5% cashback on specific spends and 1% cashback on other transactions, along with 4 Reward Points per Rs. 150 spent. Conversely, HDFC Regalia First Credit Card provides 4 Reward Points per Rs. 150 spent.

Q: What choices do cardholders have when it comes to redeeming rewards earned on their credit cards?

A: Both cards allow redemption using Cash Points, with varying values for outstanding balance and other categories. Additionally, HDFC Regalia First Credit Card’s Reward Points can be redeemed for flights, hotel bookings, products, vouchers, and statement balance adjustments.

Q: Do these credit cards have milestone benefits?

A: The HDFC Regalia First Credit Card provides attractive milestone rewards, such as 5,000 bonus Reward Points upon spending Rs. 3 lakhs, and an extra 2,500 Reward Points when reaching Rs. 6 lakhs annually. In contrast, the HDFC Millennia Credit Card does not offer distinct milestone benefits.

Q: What extra advantages do these credit cards offer?

A: Both cards offer features such as complimentary domestic lounge access, dining discounts, and the potential waiver of the annual fee upon reaching a specific spending threshold in the previous year.

Q: Does the HDFC Regalia First Credit Card still offer access to airport lounges as of December 1, 2023?

A: Yes, starting December 1, 2023, airport lounge access is no longer provided with the HDFC Regalia First Credit Card.

Q: How can one waive the annual fee on these credit cards?

A: You can avoid paying the yearly fee for either card by spending Rs. 1 lakh in the preceding year.

Q: Do the credit cards offer varying redemption rates for Cash Points and Reward Points?

A: Yes, both HDFC Millennia Credit Card and HDFC Regalia First Credit Card have varying redemption values for Cash Points and Reward Points, depending on the redemption category.

Q: Do these credit cards have any exclusive discounts or benefits for specific merchants or platforms?

A: HDFC Millennia Credit Card offers cashback on spends at specific platforms like Amazon, Flipkart, Swiggy, Zomato, Uber, Myntra, BookMyShow, and Tata CLiQ. HDFC Regalia First Credit Card provides dining discounts of up to 30%.

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