HDFC Bank Millenia Debit Card Review
HDFC Bank Millenia Debit Card
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
| Description | Fees & Charges |
|---|---|
| Joining Fee | Rs 500 + GST |
| Annual/Renewal Fee | Rs 500 + GST |
| Daily Domestic ATM withdrawal limits | Rs 50,000 |
| Daily Domestic Shopping limits | Rs 3.50 Lakhs |
| Daily International Shopping limits | Rs 1 Lakh |
| Replacement/Reissuance Charges | Rs 200 + GST |
| Charge Slip Retrieval Request | Rs 100 |
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
No CashBack points for transactions on Fuel, Jewellery & Business Services including Credit Card Payment, Insurance Premium Payment & Other Business Services
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.
To see if your Card is contactless, look for the contactless network symbol on your Card. You can use your Card to make quick transactions at merchant locations accepting contactless cards.
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:
Insurance Cover
- Accelerated Personal Accident Death Cover of up to Rs 10 Lakhs.
- International Air Accident Cover.
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:
Pros
- 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
Cons
- The minimum transaction amount to earn cashback is Rs. 400.
- Cashback Points will be credited in 90 days from the end of the transaction month.
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
What is the Joining Fee/Annual Fee of HDFC Bank Millenia Debit Card?
Joining Fee: Rs 500 +GST
Annual Fee: Rs 500 + GST
Why should one go for an HDFC Bank Millenia Debit Card?
It’s a leading Cashback Debit Card in the Indian market. Additionally, it provides 4 Complimentary Airport Lounge Access in a year within India.
Are there any variants of the HDFC Bank Millenia Debit Card?
No. It works only on the MasterCard network.
Does the customer get any Insurance coverage on HDFC Bank Millenia Debit Card?
a) Accelerated Personal Accident Death Cover of up to INR 10 Lakhs.
b) International Air Accident Cover.
How many discounts you can earn through cashback on HDFC Bank Millenia Debit Card?
I) 5% CashBack points on shopping via PayZapp and SmartBuy
II) 2.5% CashBack points on all online Spends
III) 1% CashBack points on all offline spends and Wallet reloads
