HDFC has relaunched its Millennia credit cards from 2nd Oct, 2021. The newer Millennia has addressed most of the complaints with the older version.
So the question comes, is the HDFC Millennia a better option than HDFC Regalia Credit card.
Both cards are quite similar now with two features of Regalia being the deal breaker. Regalia has international airport lounge access and is mostly issued as Lifetime free. However, it comes with hefty income requirements. The advantage of Millennia is that you get 5% cash back on Flipkart too, whereas regalia provides just 1%.
Use the calculators and see which card suits your needs.
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The comparison table follows:
# | Category | HDFC Regalia Credit Card | HDFC Millennia Credit Card |
1 | Eligibility: Salaried | Monthly Income > Rs 1 lac | Monthly Income > Rs 35000 |
Self Employed | ITR> Rs 12 lacs | ITR> Rs 6 Lacs | |
2 | Joining Fees | Rs 2970 (NIL) | Rs 1190 |
| | Mostly Given as LTF | Not given as LTF |
3 | Fee Waiver | on Spends > Rs 3 lacs | on Spends > Rs 1 lac |
4 | Lounge: Domestic | 12 per year | 8 per year |
| International | 6 per year | NIL |
5 | Reward Rate: normal | 1.33% | 1% |
| wallet reloads | None | 1% |
6 | Accelerated category | via smartbuy upto 5% | 5% on exclusive merchants and smart buy access too |
| monthly cashback limit | Rs 2000 | Rs 750 |
7 | Reward Point Redemption | 1 RP= Rs 0.3 on flight bookings | 1 RP = Rs 1 for statement credit |
8 | Milestone Benefit | RP worth Rs 1333 on spends > Rs 5 lacs | Rs 1000 vouchers on spends of Rs 1 lac in each quarter year |
| | RP worth 660 on spends > 8 lacs | |
For me the savings matter the most, so go ahead add in your spends category wise and calculate your savings with each credit card.
Let me know which card works for your spend patterns. Your comments will be like an oasis in this desert of only posts!
For the full review of HDFC Millennia Credit Card click here.
For the full review of HDFC Regalia Credit card click here.