HDFC Millennia Debit Card Vs. HDFC Millennia Credit score Card

In relation to welcome advantages, HDFC Millennia Debit Card rewards you with 1,000 CashPoints after the fee of becoming a member of price, which is equal to Rs. 1,000 when you redeem them in opposition to cashback. Alternatively, Millennia Debit Card doesn’t cost a becoming a member of price, therefore no welcome advantages are supplied on the debit card.

Total, not offering any welcome advantages can’t be a downside for Millennia Debit Card because it comes with no becoming a member of charges. Additionally, Millennia Credit score Card compensates for it by offering advantages well worth the becoming a member of price.

Which one to decide on?

After contemplating the above-mentioned factors, you’ll be able to select any of the playing cards primarily based in your necessities. If you do not need to pay a becoming a member of price and should not inclined in direction of welcome advantages, then you’ll be able to apply for Millennia Debit Card. If you’re able to pay a becoming a member of price of Rs. 1,000 and need to earn higher advantages, you’ll be able to take into account making use of for Millennia Credit score Card.

Prompt learn: Credit score Playing cards with Greatest Welcome/ Signup Advantages

HDFC debit card and bank card provides cashback by way of CashPoints or CashBack Factors, which you’ll be able to later redeem in opposition to cashback or some other class as per your necessities. Under talked about are the main points relating to the cashback provided on these playing cards:

Prompt learn: Methods to Optimize Credit score Card Reward Factors

Illustration: Suppose you could have made the below-mentioned transactions:

Amazon: Rs. 5,000 | Myntra: Rs. 5,000 | Swiggy: Rs. 2,000 Pockets Reload: Rs. 5,000 | Offline Buying: Rs. 10,000

Contemplating that you’ll redeem the earned reward factors in opposition to cashback at a price of 1 CashPoint/ CashBack Level = Re. 1.

How a lot you’ll save through debit card?

Whole Financial savings: Rs. 125 (2.5% CashBack Factors of Rs. 5,000) + Rs. 125 (2.5% CashBack Factors of Rs. 5,000) + Rs. 50 (2.5% CashBack Factors of Rs. 2,000) | Rs. 50 (1% CashBack Factors of Rs. 5,000) + Rs. 100 (1% CashBack Factors of Rs. 10,000) = Rs. 450

How a lot you’ll save through bank card?

Whole Financial savings: Rs. 250 (5% CashBack Factors of Rs. 5,000) + Rs. 250 (5% CashBack Factors of Rs. 5,000) + Rs. 100 (5% CashBack Factors of Rs. 2,000) | Rs. 50 (1% CashBack Factors of Rs. 5,000) + Rs. 100 (1% CashBack Factors of Rs. 10,000) = Rs. 750

Which one to decide on?

From the above illustration, it’s clear that HDFC Millennia Credit score Card means that you can save extra in your bills. Nevertheless, that is relevant provided that you steadily store on-line as a result of each playing cards provide comparable cashback on offline transactions. With the Millennia Credit score Card, you’ll be able to earn as much as 5% CashPoints in your transactions, whereas the debit card rewards you with 2.5% CashBack Factors in your on-line transactions. So, when you use your bank card for many of the on-line transactions or on manufacturers like Amazon, Swiggy, BookMyShow, Flipkart, and so forth., HDFC Millennia Credit score Card could be the precise selection for you.

Prompt learn: Greatest Credit score Playing cards for Reward Factors in India

Should you steadily go to throughout the nation, then lounge entry is one thing that may assist you maximize your advantages. Each HDFC Millennia debit and bank cards provide home lounge entry at a number of lounges. Listed here are the main points relating to the identical:

• HDFC Millennia Debit Card: 4 complimentary home airport lounge entry yearly (Max. 1 per quarter)
• HDFC Millennia Credit score Card: 8 complimentary home lounge entry per calendar yr (Max. 2 in 1 / 4)

Which one to decide on?

At an annual price of Rs. 500, the Millennia Debit Card provides 4 complimentary home lounge entry yearly, whereas Millennia Credit score Card provides 8 complimentary lounge entry to home lounges in a yr at an annual price of Rs. 1,000. So, each playing cards justify the lounge entry advantages provided on them. You possibly can select any of the playing cards primarily based in your necessities. Nevertheless, it’s essential to keep in mind that each playing cards are appropriate just for home journey as none of them provides worldwide lounge entry. This is perhaps a downside for Millennia Credit score Card as playing cards with comparable annual charges normally provide worldwide lounge entry.

Prompt learn: Greatest Credit score Playing cards for Airport Lounge Entry

Aside from cashback and journey advantages, each playing cards additionally provide further advantages like gasoline surcharge waiver, insurance coverage protection and extra. Particulars relating to the identical are as follows:

Gasoline Surcharge Waiver: With HDFC Millennia Credit score Card, you may get a 1% gasoline surcharge waiver in any respect gasoline stations throughout India in your transactions between Rs. 400 to Rs. 5,000. Equally, no gasoline surcharge will probably be relevant in your gasoline transactions through Millennia Debit Card.

Insurance coverage Advantages: HDFC Financial institution Millennia Debit Card additionally provide insurance coverage advantages like unintentional insurance coverage protection, private loss of life cowl, fireplace & housebreaking safety, baggage insurance coverage and far more. You possibly can avail of worldwide air protection of Rs. 1 crore on buying air tickets.

Milestone Advantages: HDFC Millennia Credit score Card provides present vouchers price Rs. 1,000 on spending Rs. 1 lakh in every quarter. It is a good profit particularly when you steadily store as you’ll be able to redeem these present vouchers in opposition to your purchases.

Eating Advantages: You possibly can rise up to twenty% low cost on accomplice eating places in your bookings through HDFC Millennia Credit score Card. Nevertheless, that is relevant solely on bookings and funds vis Swiggy Dine Out.

Notice: It’s simple to avail of a debit card as an alternative of a bank card because it doesn’t require any credit score rating. Nevertheless, you should have a financial savings or present account with the financial institution to use for an HDFC Debit Card.

By way of charges and fees, positively HDFC Millennia Credit score Card is pricey as in comparison with the debit card. However, it additionally provides higher advantages and extra privileges. The charges and fees relevant to each playing cards are as follows:

It’s clear that the bank card comes with a better becoming a member of or annual price. Nevertheless, it compensates the becoming a member of price by offering advantages well worth the quantity. In addition to this, it additionally provides an annual price waiver on attaining the spending milestone of Rs. 1 lakh yearly. It’s simple to attain the spending milestone of roughly Rs. 8,300 per 30 days when you put most of your bills in your bank card. Total, there isn’t a doubt that Millennia Credit score Card comes with increased charges and fees but it surely additionally justifies the price by offering higher advantages as in comparison with the debit card.

Prompt learn: Credit score Card Charges and Fees You Should Be Conscious of

Undoubtedly, each playing cards provide respectable advantages as in comparison with the charges charged by them. You possibly can store and get a superb worth again by way of CashBack Factors or CashPoints. The great factor is you’ll be able to redeem the earned rewards in opposition to cashback at a price of 1 CashBack/ CashPoint = Re. 1. You possibly can apply for any of those playing cards primarily based in your relationship with the financial institution and your necessities. Listed here are the components that can assist you resolve which card to decide on:

Take into account making use of for HDFC Millennia Debit Card if:

• You may have a financial savings/ present account with the financial institution
• You don’t want to pay a excessive annual price
• You might be extra inclined towards rewards
• You don’t have a superb credit score rating
• You need to earn primary advantages

Take into account making use of for HDFC Millennia Credit score Card if:

• You may have a credit score historical past
• You might be inclined towards rewards as an alternative of direct cashback
• You steadily journey throughout the nation
• You might be able to pay becoming a member of and annual charges
• You need to earn primary eating advantages

Based mostly on the above-mentioned comparability, it’s clear that each playing cards provide respectable advantages and justify the charges charged by them. Nevertheless, Millennia Credit score Card is certainly a winner as in comparison with the Millennia Debit Card because it provides higher cashback, extra lounge visits and advantages on different classes as effectively. So, in case you are able to pay an annual price of Rs. 1,000, it’s best to positively go for Millennia Credit score Card. Nevertheless, if you have already got an account with the financial institution and need to earn rewards at a nominal annual price, you’ll be able to take into account making use of for Millennia Debit Card.

Additionally take a look at Greatest Cashback Credit score Playing cards | Greatest Journey Credit score Playing cards | Greatest Eating Credit score Playing cards