Choosing a credit card is not just about rewards and cashback — it’s also about understanding the fees and hidden charges that come with it. The HDFC Bank Millennia Credit Card is one of the most popular cashback credit cards in India, especially among salaried professionals and online shoppers.
In this detailed guide by QuickCashs, we explain all fees, charges, interest rates, and penalties of the HDFC Millennia Credit Card in simple words, so you know exactly what you are signing up for.
HDFC Bank Millennia Credit Card Joining Fee & Annual Fee
When you apply for the HDFC Millennia Credit Card, there is an initial joining fee and a yearly renewal fee.
| Fee Type | Charges |
| Joining Fee | ₹1,000 + GST |
| Annual / Renewal Fee | ₹1,000 + GST |
| Fee Waiver Condition | Spend ₹1 lakh or more in a year |
What this means for you:
- If your annual spending crosses ₹1 lakh, HDFC waives the annual fee.
- For regular users, the card can become almost free after the first year.
Interest Rates on Outstanding Amount
If you don’t pay the full credit card bill and only pay the minimum due, interest is charged.
| Interest Type | Rate |
| Monthly Interest | 3.49% per month |
| Annual Interest | 41.88% per year |
Important to know:
- Interest is charged daily on unpaid amounts.
- Even a small unpaid balance can grow quickly.
- Always try to pay the total amount due before the due date.
Cash Withdrawal Charges
Withdrawing cash using a credit card is expensive and should be avoided:
| Charge Type | Details |
| Cash Advance Fee | Immediately from the withdrawal date |
| Minimum Charge | ₹500 |
| Interest-Free Period | ❌ Not applicable |
| Interest Starts | Immediately from withdrawal date |
Late Payment Charges
Paying your credit card bill late can lead to penalties and affect your credit score.
| Outstanding Amount | Late Fee |
| Up to ₹100 | Nil |
| ₹100 – ₹1,000 | ₹100 |
| ₹1,000 – ₹10,000 | ₹500 |
| Above ₹10,000 | ₹700 |
Over-Limit Charges
If your spending goes beyond the assigned credit limit:
| Charge | Amount |
| Over-limit Fee | 2.5% of excess amount (minimum ₹500) |
Foreign Currency Transaction Charges
For international shopping or payments abroad:
| Charge Type | Rate |
| Forex Mark-up Fee | Around 3.5% + GST |
Fuel Surcharge Waiver Details
HDFC Millennia offers a limited fuel surcharge waiver.
- 1% fuel surcharge waiver
- Valid on fuel spends between ₹400 and ₹5,000
- Monthly cap applies
⚠️ GST on fuel surcharge is not waived.
Reward Redemption & Service Charges
| Service Type | Charge |
| Reward Point Redemption | ₹99 per redemption |
| Card Replacement | ₹100 |
| Statement Copy | ₹100 |
| Cheque / ECS Dishonor | ₹450 |
| Outstation Cheque Fee | ₹50 |
Who Should Choose the HDFC Millennia Credit Card?
This card is ideal for:
- Online shoppers (Amazon, Flipkart, Swiggy, Zomato)
- Salaried professionals
- Young working individuals
- People who can meet the annual spend waiver limit
Who Should Avoid This Card?
- People who frequently withdraw cash
- Users who miss payment deadlines
- Frequent international travelers
- Those looking for premium travel benefits
How QuickCashs Helps You Choose Better
QuickCashs works with multiple banks to help users:
- Compare credit cards & loans easily.
- Understand charges before applying.
- Choose cards that match income & spending habits.
- Avoid unnecessary fees and penalties.
Also Read: 5 Best Personal Loan Apps in India for Low Credit Score
Conclusion
The HDFC Bank Millennia Credit Card is a strong cashback card with reasonable fees — if used responsibly. The annual fee can be easily waived, but interest rates and penalties are high if payments are delayed.
If you pay bills on time and spend smartly, this card can offer excellent value. Before applying, always compare options on QuickCashs to find the best credit card or loan from multiple banks.
