Both HDFC Bank MoneyBack+ Credit Card and HDFC Bank Millennia Credit Card are entry-level cards offered by the bank to new to credit customers. The cards offer benefits from popular brands such as Amazon, Flipkart, BigBasket, Swiggy, Myntra and Sony LIV among others. Choosing the best option between these two could be confusing because both of these offer rewards/cashback in the form of CashPoints along with another similar type of benefits.

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Which Card Offers Better Welcome Benefits?

When it comes to card activation benefits, both these credit cards offer bonus Cashpoints. While Millennia Credit Card offers 1,000 CashPoints, MoneyBack+ offers 500 Cashpoints. Based on the redemption value, Millennia offers a benefit of around Rs. 300 (1 CashPoint= Rs. 0.30), whereas MoneyBack offers a value of Rs. 125 (1 CashPoint= Rs. 0.25)

Note that, Millennia Card offers a high-value benefit on activation and justifies the higher joining fee charges of Rs.1000, in comparison to Moneyback+, which charges Rs. 500. Thereby, in terms of activation benefits, HDFC Bank Millennia Card is a clear winner.

Things to Know:

With HDFC Moneyback+ Credit Card you can earn a maximum of 2500 CashPoints across each reward category, whereas for Millennia Credit Card, you can earn a maximum of 1,000 CashPoints per month across each cashback.

With Millennia Credit Card you can earn CashPoints on transaction value up to Rs. 1,000, but with MoneyBack+ you earn CashPoints on transactions up to Rs. 2,500. Thereby the scope of earning cashback/rewards is more on MoneyBack+.

Both these cards allow you to redeem CashPoints for paying the statement balance at the cost of 1 CashPoint=Rs. 1. However, with Millennia Credit Card, you can redeem the points for paying the balance for a minimum 500 accumulated CashPoints. For Moneyback+ the minimum required CashPoints for payment against the statement balance are 2000 CashPoints or a value equivalent to Rs. 500.

Which Card Offers Better Travel Benefits?

When it comes to travel benefits, HDFC MoneyBack+ offers no travel benefits. However, Millennia Credit Card does offer benefits around lounge access with 8 complimentary domestic lounge access per year. Note that, MoneyBack+ not providing any travel benefit in comparison to Millennia is justified since it charges a lower fee than the latter. However, in general, if compared with credit cards with an annual fee of up to Rs.500, not providing any lounge access could be a drawback, as many cards within this range or even zero annual fee cards offer lounge access. Thus, Millennia wins over MoneyBack+ in terms of offering basic travel benefits for an entry-level credit card.