Tata Neu Plus Vs HDFC Millennia Credit CardTata Neu Plus Vs HDFC Millennia Credit Card

Tata Neu Plus Vs HDFC Millennia Credit Card

HDFC Bank offers two highly sought-after credit cards: the Tata Neu Plus and the Millennia Credit Card. These cards are especially appealing to millennials and younger individuals due to their popularity and attractive features. Each card presents its own set of merits and demerits. The Tata Neu Plus Credit Card prioritizes rewarding expenditures made within the Tata ecosystem, while the HDFC Millennia Card extends rewards to prominent merchants such as Swiggy, Zomato, Myntra, and Amazon. It’s crucial to scrutinize your spending patterns and weigh the benefits offered by each card before making a decision.

Both cards possess distinct attributes tailored to individual requirements and spending tendencies. Apart from domestic lounge airport access, the features of each credit card vary. In this discussion, we will assess and contrast the advantages of both cards, aiding you in determining the most suitable option for your needs.

Analyzing the Differences: Tata Neu Plus vs. HDFC Millennia Credit Card

Tata Neu Plus Credit Card:

  1. Joining/Renewal Charge: ₹499 + GST
  2. Welcome Benefits: 499 NeuCoins
  3. Domestic Lounge Access: One each quarter, four each year
  4. Reward Point Value: 1 Neu Coin = ₹1
  5. Rewards Rate:
  • 2% Cashback while shopping on Tata brands
  • 1% Cashback on non-Tata brands
  • Additional 5% on the Tata Neu App

Tata Neu Plus Credit Card Pros:

  • Reward rate of up to 7% for purchases made with Tata brands.
  • Convenient linkage to UPI for seamless mobile transactions.

Tata Neu Plus Credit Card Cons:

  • Cap of 1,000 points for grocery expenditures.
  • Lacks an additional 5% reward for Cult.fit, a feature offered by HDFC Millennia Card.
  • NeuCoins expire within 365 days of earning.

HDFC Millennia Credit Card:

  1. Joining/Renewal Charge: ₹1,000 + GST
  2. Welcome Benefits: 1,000 CashPoints
  3. Domestic Lounge Access: One each quarter, four each year
  4. Reward Point Value: 1 Cashpoint = ₹1
  5. Rewards Rate:
  • 5% Cashback at select partner merchants
  • 1% Cashback on all other spends

HDFC Millennia Credit Card Pros:

  • 5% cashback on popular online platforms like Swiggy, Amazon, Myntra, and Zomato.
  • 20% discount available through Swiggy Dineout.
  • Quarterly spend-based benefit of Rs. 1,000 on spending Rs. 1 lakh each quarter.

HDFC Millennia Credit Card Cons:

  • Unavailability on the RuPay network, restricting UPI transactions.
  • Cash points valid for only two years.

Which credit card suits you best?

1. Fees: HDFC Millennia has a Rs. 1,000 fee, while Tata Neu Plus has a lower Rs. 499 fee.
2. Suggestion: If your annual spending is Rs. 500 or less, go for Tata Neu Credit Card.
Note: Both cards provide benefits equal to their joining fees.
3. Bonus: HDFC Bank occasionally offers creative deals like First Year Free for top cards.
4. Moving to the crucial aspect – rewards:

  • Tata Neu Card earns NeuCoins – 2% for Tata Brands, 1% for non-Tata brands, and possibly 5% cashback on specific categories.
  • HDFC Millennia gives 5% cashback as cash points at partner merchants and 1% for other spends.

5. Partner merchants for HDFC Millennia include Amazon, Myntra, Sony Liv, Tata CLiQ, BookMyShow, Zomato, and Swiggy.
6. Conclusion: HDFC Millennia wins in rewards with a higher discount rate at popular Indian merchants.

Frequently Asked Questions (FAQs)

Q1: What are the annual fees for Tata Neu Plus and HDFC Millennia Credit Cards?
A: The annual fee for Tata Neu Plus Credit Card is Rs. 499, while HDFC Millennia Credit Card has an annual fee of Rs. 1,000.

Q2: How can I choose between Tata Neu Plus and HDFC Millennia if I have a budget of Rs. 500 or less per year?
A: If your annual spending is Rs. 500 or less, it’s recommended to opt for the Tata Neu Plus Credit Card due to its lower annual fee.

Q3: Do both credit cards offer benefits equal to their joining fees?
A: Yes, both Tata Neu Plus and HDFC Millennia Credit Cards provide benefits that are worth the joining fees.

Q4: Are there any special offers or promotions for HDFC Millennia Credit Card holders?
A: Yes, HDFC Bank occasionally introduces creative offers like First Year Free for some of their top credit cards, including HDFC Millennia.

Q5: What is the reward structure for Tata Neu Plus and HDFC Millennia Credit Cards?
A: Tata Neu Plus earns cashback in NeuCoins – 2% for Tata Brands, 1% for non-Tata brands, and possibly 5% cashback on select categories. HDFC Millennia provides 5% cashback on partner merchants and 1% cashback for other spends.

Q6: Which merchants are included in the partner list for HDFC Millennia Credit Card?
A: HDFC Millennia’s partner merchants include Amazon, Myntra, Sony Liv, Tata CLiQ, BookMyShow, Zomato, and Swiggy.

Q7: In terms of rewards, which credit card is more beneficial for popular Indian merchants?
A: HDFC Millennia Credit Card is more beneficial for popular Indian merchants, offering a higher discount rate on purchases.

Q8: Is it possible to accumulate cash points or cashback benefits from both the Tata Neu Plus and HDFC Millennia Credit Cards simultaneously?
A: Yes, both credit cards offer cashback – Tata Neu Plus in the form of NeuCoins and HDFC Millennia as cash points.

Q9: Are there any specific spending categories that provide higher rewards on these credit cards?
A: Yes, both credit cards offer higher rewards for specific spending categories. For details, refer to the reward structures mentioned for each card.

Q10: How often do the terms and benefits of Tata Neu Plus and HDFC Millennia Credit Cards get updated?
A: It’s advisable to check the official websites or contact customer service for the most up-to-date information on terms, benefits, and any changes related to Tata Neu Plus and HDFC Millennia Credit Cards.

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