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HDFC Bank Millennia Debit Card & It's Benefits ❤️🔥

D₹V

TF Prestige
Charges: 500 + GST.

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Benefits:
• 5% cashback on PayZapp or Smartbuy
• 2.5% cashback on shopping i.e. on Flipkart, Amazon etc
• 1% on other transactions i.e. wallet loads, credit card payments etc
• Total rewards is capped at 400 RP/month
• Bonus - 5% cashback upto 1000 on Gift Vouchers purchase via Smartbuy per month. P.s. Smartbuy has introduced 2.5% & 3.25% + GST on ASV & AGV respectively.
• Cashback will be credited in 4 month after the transaction (i.e. 90 days), you can redeem via HDFC netbanking.
• You can get rewards worth ₹16,800 annually.

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How to milk the benefits?

• If you use it on smartbuy only then 5% upto 400 (card benefits) + 5% upto 1000 (smartbuy bonus), total 1400 RP/month you'll be getting. Since Smartbuy charging convenience fees on AGV & ASV, better to buy Flipkart GV without convenience fee on smartbuy.
• For example, if you buy Flipkart GV worth 8k via Smartbuy with Millennia DC, you'll get 400 + 400 = 800 cashback, meaning 10% cashback on Flipkart GV.
• In another example, if you buy worth 20k, you'll get 1400 cashback, meaning 7% cashback on Flipkart GV. So buy accordingly as per your needs.
• If you use Millennia DC for 40k CC Payments worth 40k via Mobikwik, Paytm etc only, then 1% upto 400 cap will be over & you'll get 5% cashback upto 1000 if you purchase any GV via Smartbuy now.

Hope you've understood the benefits & enjoy the rewards ❤️. Ask if any query.
 

doraemon

TF Legend
I do not think you are Wrong by Including 590.

Visit Bank website, Banks shows these Waived off charges as Savings

By Opening this Account your Saving Rs.XXX, it includes value of all Privileges Given with that Account

Value chart utha ke dekhlo kisi bhi Credit Card/Bank Account, yeh Waived off charges ko Savings hi btayege.

You must have heard a word "Perquisite", yeh 590 wahi hai for 25k Maintaince Account, toh add hone chayie😂
Yeah inner me still thinks like that
25k maintain Kara 750 ka intrest Mila
590 Dena nahi pada to wo Mera savings hua (notional)

That should be added

But as actual returns are higher in option 2 it's preferred
 

shivamk

TF Premier
Thanks for supporting my math. This is what I said too in different words...

Yes sir . Meri maths aapke words ko padh ke jaagi. Pehle Mai bhi doremon ki calculation mei fass gya tha

Yeah now I got it

Sorry guys there is small mistake as point out by some mathematicians


So in option one 590 will not be included as it's already waived off

So option 2 is great!

@pothi thanks for pointing out man
Lol, mathematician toh kaha hi.
 
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