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The HDFC Bank Millennia Credit Card stands out as one of India’s most sought-after entry-level credit cards, specifically crafted for young professionals embarking on their credit journey. This popular cashback-focused card offers exceptional value with 5% cashback, credited as CashPoints, across ten leading platforms including Amazon, Flipkart, Swiggy, Zomato and BookMyShow, capped at 1,000 CashPoints per statement cycle, along with 1% on other eligible spends. However, there are certain HDFC Millennia charges that you should be aware of.
Whether you’re considering this card for its cashback rewards, HDFC Credit Card reward points, or milestone benefits, being aware of all associated costs ensures you make the most informed financial decision for your spending habits and lifestyle needs.
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The HDFC Millennia credit card fees and charges include various components that cardholders should be aware of for sound financial planning. The card's annual fee stands at ₹1,000 plus applicable taxes (GST), with the same amount charged as a joining fee. However, HDFC Bank offers an attractive waiver condition – spend ₹1,00,000 or more within a year before your renewal date to get the HDFC Millennia credit card annual fee waived completely.
₹1,000 + GST. Waived upon spending ₹1,00,000 or more within 12 months before your renewal date.
Revolving credit interest rate of 3.6% per month (up to 3.75% per MITC). Cash advance fee: 2.5% or ₹500 (whichever is higher).
Understanding the full HDFC Millennia credit card fee structure helps you sidestep unnecessary costs. The card carries a structured set of charges that apply to specific transactions and usage patterns. Breaking these down category by category gives you a clear picture of what to expect on your monthly statement.
Levied on a slab basis depending on total amount due, reaching up to ₹1,300 + GST.
1% surcharge waiver on fuel spends between ₹400 and ₹5,000 (capped at ₹250/cycle). Single fuel transactions above ₹15,000 carry a 1% charge.
Your credit card operates on a monthly billing cycle where all transactions within that period are compiled. At the cycle's close, the bank generates a statement showing your total dues and the minimum amount payable. The payment due date arrives 18 days after statement generation, giving you up to 50 days of interest-free credit from the date of purchase. Paying the full amount by this date keeps interest charges off your purchases, though it does not apply to cash advances. Pay only the minimum, and the unpaid balances roll over, attracting the card's monthly interest rate. This also helps avoid additional HDFC Millennia credit card charges.
Managing your HDFC Bank Millennia credit card fees and charges effectively can help you save significantly throughout the year. By following these strategic approaches, you can minimise additional HDFC Millennia credit card fees and maximise the value of your credit card:
Meet the ₹1,00,000 annual spend waiver threshold and use digital channels (NetBanking/App) to avoid cash processing fees.
Set up auto-pay to avoid late fees, keep fuel transactions under ₹15,000, and avoid ATM cash withdrawals.
Earn up to 25% cashback on Airtel Mobile, Broadband & DTH recharges through Airtel App.
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