HDFC Regalia Credit Card Vs HDFC Millennia Credit CardHDFC Regalia Credit Card Vs HDFC Millennia Credit Card

HDFC Regalia Vs HDFC Millennia Credit Card

As the largest private sector bank in India, HDFC Bank has earned the trust of Indian customers and is renowned for its diverse banking services. Among its offerings, HDFC Bank is particularly well-regarded for its extensive range of credit cards, each catering to different needs. The Millennia Credit Card stands out notably, widely recognized in India for its reputation as a cashback card. A similar choice would be the HDFC Bank Regalia First Credit Card.

At first glance, telling apart these two cards might seem puzzling, mainly because they both carry the same annual fee of Rs. 1,000. However, their key disparity lies in their card types, with the Millennia Credit Card focusing on cashback benefits, while the HDFC Regalia First Credit Card is positioned as a rewards card.

Examining the cashback and rewards features, the Millennia Card offers users the opportunity to earn up to 5% cashback on their purchases. In contrast, the Regalia First Credit Card provides 4 Reward Points for every Rs. 150 spent. From a rewards/cashback perspective, the Millennia Credit Card appears to be the more advantageous choice.

Yet, delving deeper into the benefits, the Regalia First Card stands out by offering up to 7,500 bonus reward points annually through its milestone benefits. In contrast, the Millennia Credit Card lacks similar milestone benefits. Considering these factors, selecting the most suitable credit card for your needs may pose a challenge given the variety of features offered by each.

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

HDFC Regalia Credit Card:

  1. Overview:
    • A sought-after cashback card available in India, requiring an annual fee of Rs. 1,000.
    • It enables users to accumulate cash points, wherein each Cash Point equals Re. 1 for redeeming statement balances.
  2. Cashback and Rewards:
    • Up to 5% cashback on purchases.
    • 1% Cashback on all non-partner brand spends.
    • Cash points redemption: 1 Cash Point = Re. 1 for statement, Re. 0.30 for other categories.
  3. Additional Benefits:
    • Welcome benefit: Gift vouchers worth Rs. 1,000.
    • 20% discount on Swiggy Dineout.
    • 1 complimentary domestic lounge access per quarter.
    • If you spend Rs. 1 lakh or more in the year leading up to your anniversary, you won’t have to pay the annual fee.
    • 1% fuel surcharge waiver on transactions above Rs. 400, capped at Rs. 250 per billing cycle.

HDFC Millennia Credit Card:

  1. Annual Fee and Rewards:
    • Annual fee of Rs. 1,000.
    • Earn 4 Reward Points for every Rs. 150 spent, with 1 Reward Point = Re. 0.30.
  2. Bonus Rewards and Cashback:
    • 1,000 Reward Points as a welcome bonus.
    • Earn up to 7,500 extra Reward Points every year by reaching spend milestones.
    • 5% cashback on travel & shopping spends via HDFC Smartbuy portal.
  3. Redemption Options:
    • Reward Points redemption: 1 RP = Re. 0.30 for flight/hotel bookings, Re. 0.25 for products/vouchers, Re. 0.15 for cashback.
  4. Additional Features:
    • 30% discount on dining at 2,000+ participating restaurants.
    • Rs. 50 lakhs accidental air death insurance.
    • 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000.
    • Receive a yearly exemption from fees by making purchases totaling Rs. 1 lakh or above in the preceding year.

Comparison between HDFC Regalia Credit Card and HDFC Millennia Credit Card

HDFC Regalia 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.
    • One reward point (RP) equals a value of 25 paise when redeemed for products or vouchers.
    • 1 RP = Rs 0.15 for adjustment against the card’s statement balance.

HDFC Millennia 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 RP = Rs 0.3 for redemption against flights and hotel bookings.
    • 1 RP (Reward Point) can be exchanged at a value of Rs 0.25 towards the purchase of products or vouchers, with no repetition of terms.
    • 1 RP = Rs 0.15 for adjustment against the card’s statement balance.
  5. Milestone Benefits:
    • 5,000 bonus Reward Points on spending Rs. 3 lacs in a year.
    • You’ll earn an extra 2,500 Reward Points by spending Rs. 600,000 within a year.
  6. Additional Benefits (as of 1st December 2023):
    • HDFC Millennia: 4 complimentary domestic lounge access every year. Up to 20% discount on dining. Annual fee waiver on spending Rs. 1 lakh in the previous year.
    • HDFC Regalia First: No airport lounge access. Up to 30% discount on dining. Annual fee waiver on spending Rs. 1 lakh in the previous year.

Which credit card suits you best?

  • The HDFC Millennia Credit Card and HDFC Regalia First Credit Card may seem similar at first, but upon closer examination, notable differences emerge.
  • Despite both cards having identical annual fees, a thorough feature comparison is essential.
  • For individuals who frequently spend on Amazon, Flipkart, Zomato, Swiggy, etc., the Millennia Credit Card proves advantageous, offering a 5% cashback on these platforms.
  • In contrast, the Regalia First Credit Card enables users to accumulate significant bonus reward points annually, a benefit absent in the Millennia Card.
  • The choice between the two cards depends on individual spending behavior and priorities for saving.
  • The HDFC Millennia Credit Card excels in providing savings on expenditures, making it a preferable option for those aiming to maximize savings.
  • Starting December 1, 2023, it’s important to note that the Regalia First Credit Card will cease to provide complimentary lounge access.
  • On the other hand, the HDFC Bank Millennia Credit Card continues to provide complimentary lounge access within India four times a year, contingent on spending Rs. 1 lakh in the preceding quarter.

Frequently Asked Questions (FAQs)

Q1: What sets apart the HDFC Regalia Credit Card from the HDFC Millennia Credit Card?

A1: The HDFC Regalia Credit Card and HDFC Millennia Credit Card differ in terms of cashback benefits, reward points, and lounge access. The Millennia card offers 5% cashback on select brands, while the Regalia card focuses on bonus reward points. Lounge access features also vary.

Q2: Does each credit card have an identical annual fee?

A2: Certainly! Both the HDFC Regalia Credit Card and HDFC Millennia Credit Card share the same annual fee. Nevertheless, it’s crucial to assess their distinct attributes before arriving at a well-informed choice.

Q3: Which card is better for online shopping?

A3: If you frequently shop on platforms like Amazon, Flipkart, Zomato, Swiggy, etc., the HDFC Millennia Credit Card is more suitable, offering a 5% cashback on these brands.

Q4: Do both cards provide lounge access?

A4: Starting from December 1, 2023, the HDFC Regalia Credit Card ceased to include free lounge access as a perk. However, the HDFC Bank Millennia Credit Card continues to offer this privilege, subject to certain spending thresholds.

Q5: Is it possible for me to accumulate extra reward points using the HDFC Millennia Credit Card?

A5: The HDFC Millennia Credit Card doesn’t grant bonus reward points; its emphasis lies in delivering cashback advantages tailored to certain brands.

Q6: How should I choose between the two cards?

A6: The choice depends on your spending behavior and preferences. If you want to maximize savings on specific brands, the HDFC Millennia Credit Card is ideal. For those interested in accumulating bonus reward points, the HDFC Regalia Credit Card may be a better fit.

Q7: Are there any additional benefits unique to each card?

A7: Certainly! Each card, apart from its fundamental features, may offer distinct advantages. It’s advisable to carefully examine the particular terms and conditions to understand any extra benefits provided by both the HDFC Regalia Credit Card and HDFC Millennia Credit Card.

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