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If your wallet does not have a credit card, are you shopping right? Using a credit card for your day to day expenses can seriously do wonders to your overall budget. With banks offering numerous rewards such as cashbacks, points, discounts, coupons, and lounge access which not only helps you save money but also upgrade your lifestyle, your wallet deserves a credit card.
But searching for the perfect credit card and committing to it can be a confusing process. With numerous options in credit cards available for you to choose and many things to consider, it is quite natural to feel overwhelmed.
In this guide, we’ll be discussing the benefits and features of two credit cards, HDFC Millennia and HDFC Regalia and exploring which of those suits your requirements better.
HDFC Millennia Credit Card
Joining Fees / Annual Fees
Welcome Benefits
Free voucher equivalent to joining fees
Min. Spend for Waiver of Annual Fees
Joining Fees / Annual Fees
Welcome Benefits
Free voucher equivalent to joining fees
Min. Spend for Waiver of Annual Fees
Why We Picked It
The HDFC Millennia Credit Card is one of the most popularly used credit cards in the Indian market. It is particularly famous for its cashback feature. This means whenever you make purchases on Amazon, Uber, Zomato, Tatacliq and many such HDFC partner brands, you will get a 5% cashback. However, its benefits are not limited to just cashbacks.
The joining fee is parked at only INR 1,000/- and the eligibility criteria for owning this credit card is comparatively easier to meet. This makes the card quite accessible and affordable.
Eligibility for HDFC Millennia Credit Card
HDFC Regalia Credit Card
Joining Fees / Annual Fees
Welcome Benefits
2500 Reward Points (get up to the value of INR 0.30 for each point)
Min. Spend for Waiver of Annual Fees
Joining Fees / Annual Fees
Welcome Benefits
2500 Reward Points (get up to the value of INR 0.30 for each point)
Min. Spend for Waiver of Annual Fees
Why We Picked It
HDFC Regalia First Credit Card is also a customer’s favorite. However, the credit card is based on a reward point system which can be redeemed. In simple terms, by using the HDFC Regalia credit card, you can earn 4 reward points after a minimum spend of INR 150/-. The value of 1 reward point is up to INR 0.30.
There are many features apart from the reward point system. The HDFC regalia credit card also has spending milestones, achieving which you can earn up to 7500 reward points. The joining fees for this card is parked at INR 2,500/- per year.
Eligibility for HDFC Regalia Credit Card
HDFC Millennia Credit Card Vs. HDFC Regalia Credit Card: Joining Fees and Welcome Benefits
Credit cards can really save you some money but don’t forget you still have to pay for your credit card. Let’s start comparing the HDFC Millennia credit card with the most basic features: the joining fees and the welcome benefits.
If the joining fees or the welcome benefits are your deciding factors, go for a card that suits your spending habits and requirements as well as your budget. The clear difference between the offers from both the cards is that HDFC Regalia comes at a higher price but also rewards you with more.
HDFC Millennia Credit Card Vs. HDFC Regalia Credit Card: Rewards and Other Benefits
The eligibility and joining fees should not be the only deciding factor while choosing a credit card. Knowing all the rewards and benefits can be really helpful too. Let’s have a quick look at some of the important features of both the cards.
HDFC Millennia Credit Card:
- Get up to 5% cashback on making purchases from partner brands such as Amazon, Zomato, Uber and many more.
- Get 1% cashback on all other spends.
- Get up to 20% discounts while dining out at participating restaurants using the Dineout application.
- Customers possessing a Diners Club variant can access the international lounge up to two times per quarter.
- Get 1% fuel surcharge waivers on fuel transactions above INR 400/-.
- Get vouchers of up to INR 1,000/- if you spend over INR 1 lakh in a calendar quarter.
- Forex markup fees is 3.5%.
HDFC Regalia Credit Card:
- Get 2,500 reward points as welcome benefits.
- Collect 4 reward points for minimum spend of INR 150/- every time. Reward point value is up to INR 0.30/-
- Get up to 20% discounts while dining out at participating restaurants using the Dineout application.
- You can opt for an insurance cover of INR 50 lakh in cases of accidental air death.
- Get 1% fuel surcharge waivers on fuel transactions above INR 400/-.
- INR 15 lakh insurance coverage in cases of emergency hospitalization at international locations.
- Forex markup fees is only 2%.
HDFC Millennia Credit Card Vs. HDFC Regalia Credit Card: Lounge Access
When in transit, an airport lounge can seem like a safe haven. If you’ve been traveling for hours and your next flight is not due for the next 2-4 hours, all you will need is access to a luxurious lounge with recliners to take a nap on and an unlimited buffet to feel refreshed.
If you are a person who travels a lot, then one of your worst fears should include the failure of your credit card to provide you with lounge access while you are standing at the counter. If this is true, you need to read about the lounge access benefits provided by HDFC Millennia and HDFC Regalia.
Clearly, HDFC Regalia offers a higher number of lounge visits and also includes international lounge access. However, if you do not travel frequently and have no plans to travel internationally, HDFC Millennia would seem like a better option.
Read More: Best Airport Lounge Access Credit Cards
HDFC Millennia Credit Card vs. HDFC Regalia Credit Card: Milestone Benefits
HDFC Millennia Credit Card vs. HDFC Regalia Credit Card: Which is Better?
If only there was a way to answer which of the HDFC credit cards––Millennia or Regalia––is better, life would have been so easy. But life ain’t so easy, right? The only answer to this million dollar question is––it depends.
Choosing the right credit card for yourself depends upon your eligibility, budget, spending requirements and habits as well as priorities.
While HDFC Millennia is a cost effective card that is easy to procure, affordable and also helps you save every time you make purchases with one of HDFC’s partner brands, it does not offer as many benefits as HDFC Regalia does.
With HDFC Regalia, you get more benefits on domestic and international lounge access, insurance covers as well as a low Forex markup fees. However, these benefits are particularly helpful for people who frequently travel internationally. If this is not you, then HDFC Millennia is a better deal.
It is also important to analyze and forecast your expenditure for the upcoming year. If you plan on purchasing assets such as electronic gadgets and vehicles or splurge on wedding preparation or even make payments for your child’s education, and your expenditure for the year is crossing Rs. 5 lakhs or more then HDFC Regalia will be a better option.
To sum up the discussion, check out our verdict on the credit cards in the table below:
While this could seem like a tough decision, don’t fret too much on it. You can always upgrade your credit card whenever your customer profile qualifies for better credit cards.
Frequently Asked Questions (FAQs)
Which is better: HDFC Regalia or HDFC Millennia?
In terms of HDFC Regalia or HDFC Millennia, the option that is better completely depends on your budget, requirements and spending habits. While HDFC Millennia is easier to get and more budget friendly, HDFC Regalia offers more benefits but it is costlier and comparatively difficult to qualify for.
Is it possible to upgrade my HDFC Millennia Credit Card to the HDFC Regalia Credit Card?
Yes, it is possible to upgrade your HDFC Credit Card, however only select pre-approved customers are allowed to upgrade their credit cards. You can check on HDFC’s website to see if you qualify for an upgrade. If you are eligible for an upgrade, you can complete the process online.
Which HDFC credit card has more benefits: HDFC millennia or HDFC regalia?
Comparatively, HDFC Regalia offers more benefits than HDFC Millennia. However, it is important to note that the annual cost of HDFC Regalia is also more than HDFC Millennia.
