HDFC Bank Millenia Debit Card Review

Introduction

HDFC Bank and Mastercard launched the “Millennia” series of cards in India in 2019. India’s first range of cards catering exclusively to the lifestyles and aspirations of Millennials. The cards come loaded with benefits & rewards specifically for the digital-first generation.

This card works on the MasterCard network.

Highlights of HDFC Bank Millenia Debit Card

Key Features

• Get up to Rs 4800 CashBack every year
• 5% CashBack points on shopping via PayZapp and SmartBuy
• 2.5% CashBack points on all online Spends
• 1% CashBack points on all offline spends and Wallet reloads
• 4 Complimentary Domestic Airport Lounge access annually
• Accidental insurance covers up to Rs 10 Lakhs

Fees & charges of HDFC Bank Millenia Debit Card

Eligibility Criteria of HDFC Bank Millenia Debit Card

Benefits of HDFC Bank Millenia Debit Card

The card does have a few benefits which can be discussed below:

CashBack Rewards

How to redeem Cashback points?

Login to NetBanking > Cards > Debit Cards > Enquire > CashBack Enquiry and Redemption > Account Number > Continue > Input the CashBack amount in multiples of 400.

Airport Lounge Access

To compliment your adventurous expeditions, this card gets you 4 complimentary lounges access annually (once per calendar quarter) at domestic airports across India. For the list of lounges where the offer is valid and conditions.

Please visit the HDFC bank website for the current & updated list the day you travel.

International Debit Card

Safe & Secure

The encryption technology of a contactless chip card secures the card against fraudulent use so that you can spend well without worry.

This card offers greater security by storing & processing information in a secure manner. This advanced technology is more effective in preventing the card from being copied to produce counterfeit cards.

Contactless Payment Technology

The HDFC Bank Millennia Debit Card is enabled for contactless payments, facilitating fast, convenient and secure payments at retail outlets.

Please note that in India, payment through contactless mode is allowed for a maximum of Rs 2000 for a single transaction where you are not asked to input your Debit Card PIN.

However, if the amount is higher than or equal to Rs 2000, the Cardholder has to enter the Debit Card PIN for security reasons.

Insurance Cover

The card comes with a couple of insurance covers for the customer:

The Accident Death Cover has these key points:

Fire & Burglary Protection

You are insured for the items purchased using a Debit Card (up to 6 months) – Sum assured Rs 200,000.

Checked Baggage Insurance

If the insured person is travelling on tour and/or on holiday to a location outside India, this insurance applies to the intrinsic value of the accompanied personal baggage belonging to the cardholder, so lost because of fire, theft, burglary, and accident of travelling vehicle.

Zero Liability

You will not have any liability for any fraudulent Point of Sale transactions on the Debit Card, which take place up to 90 days prior to reporting the card loss.

Drawbacks of HDFC Bank Millenia Debit Card

Key Drawbacks

• The minimum transaction amount to earn cashback is Rs. 400.
• No Cashback points for transactions on Fuel, Jewelry & Business Services including Credit Card Payment, Insurance Premium Payment & other Business Services.
• Cashback Points will be credited in 90 days from the end of the transaction month.
• The cashback points earned on this card explicitly need to be redeemed via NetBanking.

Pros & Cons of HDFC Bank Millenia Debit Card

If we have to summarise the merits and demerits of the card in a tabular form, it can be found here:

Conclusion

HDFC Bank Millenia Debit Card is a very good product. Its main feature is the CashBack Facility. The other features on the card complement the vision of HDFC Bank.

So, you can not go wrong if you wish to use this card.

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FAQ’s