Regalia and Millennia credit cards are two of the most popular credit cards from HDFC Bank. While Regalia has been around for almost 10 years now, Millennia is a recent launch from 2019. The eligibility criteria for these two cards are also almost the same. Given that, HDFC Bank allows only one credit card per customer which one to go for when we have both options. Here is a detailed comparison of the HDFC Bank Regalia vs Millennia credit cards to help you decide.
Fees and Charges
|Joining/Renewal Fee||Rs 2500 plus taxes or LTF||Rs 1000 plus taxes or LTF|
|Welcome Benefit||2500 Reward Points if the joining fee is paid||1000 CashPoints if the joining fee is paid|
|Renewal Fee Waiver||Rs 3 Lakhs spend||Rs 1 Lakh spend|
|Renewal Benefit||2500 Reward Points if the renewal fee is paid||None|
Though the product pages of Millennia and Regalia mention a joining/renewal fee, they are issued Lifetime Free in most cases. HDFC Bank is issuing these Lifetime Free currently as well.
There is a key difference between Millennia and Regalia when it comes to rewards. While Millennia is a cashback credit card, Regalia is a reward point credit card.
|Base Rewards||4 RP/Rs 150||1% CashPoints. Max Rs 1000/calendar month|
|Transactions on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber & Zomato||4 RP/Rs 150|
Some merchants are on Smartbuy where Regalia also gets accelerated reward points.
|5% CashPoints up to Rs 1000/calendar month|
|Wallet Loads||No Rewards||1% CashPoints – Same Rs 1000 cap as base rewards|
|Milestone Rewards||A. Bonus 10,000 Reward Points on Rs 5 Lakhs spends in a membership year|
B. Additional 5,000 Reward Points on Rs 8 lakhs spends
|Rs 1000 gift vouchers on spends of Rs 1 Lakh in each calendar quarter|
|Return on spends||1.3% without milestone rewards|
2.2% with milestone reward points
3% to 4%
Millennia is straightforward when it comes to earning rewards. We can earn base rewards with a cap of Rs 2000 across both categories plus another Rs 1000 as milestone rewards. On Millennia:
- We can spend Rs 20000 every month on the 5% cashpoints category before hitting the cap of 1000 cashpoints.
- If we meet the Rs 1 Lakh spend in a calendar quarter, then the Rs 1000 GV is equivalent to another 1% in rewards.
- The overall Return Rate on Millennia is around 3% to 4% depending on the quantum of spending across the categories.
In contrast, Regalia gives a return of 2.2% only if we hit the milestone spend of Rs 8 Lakhs. Without milestone rewards, Regalia’s return on spends is 1.3%. So, is Millennia a better card than Regalia when it comes to rewards? Not exactly, because things change when Smartbuy comes into play.
Millennia reward redemption is assumed to be in statement credit.
Regalia reward redemption is assumed to be by booking flights/hotels on Smartbuy.
HDFC Bank Smartbuy rewards tilt the scale in favor of Regalia if one is using the rewards for booking flights/hotels on Smartbuy. But, Regalia gets a higher cap of 4000 RP compared to Millennia which gets a cap of Rs 1000 per calendar month. Below is the table of Smartbuy rewards rates for Millennia and Regalia. Regalia return % is calculated without taking milestone rewards into account.
|Shopping Category||Rewards on Regalia||Return on Regalia at 1RP = 50p||Cashback on Millennia||Return for Millennia with addl. 1% CB|
|Flights (Cleartrip and Yatra)||5X||6.6%||5%||6%|
|Hotels (Cleartrip and MakeMyTrip)||10X||13.3%||5%||6%|
The redemption options will be the deciding factor for most people making a choice between Regalia and Millennia.
|Redemption Option||Regalia (Value of 1 RP)||Millennia (Value of 1 Cashpoint)|
|Smartbuy (Flights/Hotels)||50 paise||30 paise|
|Airmiles – Intermiles, Singapore Airlines (Krisflyer), Club Vistara||0.5 Airmiles||Not Available|
|Rewards Catalogue (Including Vouchers)||Up to 35 paise||Not Available|
|Cashback||20 paise||Rs 1|
Airport Lounge Access
|Lounge Access||12 complimentary lounge access within India every year|
6 complimentary lounge access outside India every year
|8 complimentary lounge access within India every year (2 per quarter)|
Verdict: Which card is better – Regalia vs Millennia?
This is where we decide which card is better. Here is a summary of the comparison we did so far:
When to choose HDFC Bank Millennia credit card?
- Spends at 5% cashback partners are significant.
- The preferred reward redemption method is cashback/statement credit.
When to choose HDFC Bank Regalia credit card?
- Smartbuy spending is significant. Regalia has a 2X cap on cashback compared to Millennia.
- If you are a high spender and can achieve the 5 lakhs and 8 lakhs milestone benefits.
- If you travel more and can utilize the higher count of lounge access.