Axis Ace Credit Card vs. HDFC Millennia Credit Card: Which Credit Card Is Best for You?

Are you trying to decide between the Axis Ace Credit Card and the HDFC Millennia Credit Card? If so, you’ve come to the right place.

In this blog, we’ll discuss the pros and cons of both cards in order to help you choose which credit card best meets your needs.

We’ll compare their features such as interest rates, rewards programs, annual fees, and more.

We’ll also provide an overview of each card’s benefits and drawbacks so that you can make a well-informed decision. So keep reading to find out which credit card is best for you.

Axis Ace Credit Card Vs. Hdfc Millennia Credit Card Which Credit Card Is Best For You

Axis Bank Ace Credit Card: An Overview

Axis Bank partnered with Google Pay to launch the Axis Bank Ace Credit Card – a shopping card with an entry-level cashback feature and an annual fee of Rs. 499.

The card offers a 5% reward rate on mobile recharges and utility bill payments through Google Pay.

Key features include

  • 4% cashback on Zomato, Swiggy, and
  • Ola, 2% cash back on other transactions,
  • and up to 20% off dining bills at 4,000+ restaurants.
  • Joining fee waived on spending Rs. 10,000 in 45 days;
  • renewal fee waived if Rs. 2 lakh was spent in the previous year.

HDFC Millennia Credit Card: A Closer Look

HDFC Millennia Credit Card, another popular shopping credit card in the Indian market, caters particularly to young professionals and millennials.

The HDFC Millennia Credit Card has a cashback reward structure similar to Axis Bank Ace Credit Card. It comes in three variants – Visa, MasterCard, and RuPay variants. The membership fee is higher at Rs. 1,000.

Here are some of the salient features of HDFC Millennia Credit Card:

  • The cashback earned on HDFC Millennia Credit Card is processed as CashPoints which can either be redeemed against the card’s statement balance (1 CP = Re. 1), product purchases (1 CP = Rs. 0.30), flight/hotel bookings (1 CP = Rs. 0.30), or transferred to partner airlines’ frequent flyer programs (1 CP = Rs. 0.30).
  • Get 5% cashback on partner e-commerce websites like Amazon, Flipkart, Myntra, BookMyShow, etc. Earn 1% cashback on all other online and offline spends. Monthly cap: 1,000 CashPoints.
  • Enjoy 8 complimentary domestic and 2 complimentary international airport lounge access per annum.
  • Get up to a 20% discount on dining bills at partner restaurants with the complimentary Dineout Passport Membership.
  • To be eligible for the HDFC Millennia Credit Card, salaried applicants must earn Rs. 35,000 per month and self-employed applicants must earn Rs. 6 lakh per year.
  • The annual membership fee of Rs. 1,000 is waived if you spend Rs. 1 lakh in the preceding membership year.

Axis Bank Ace vs HDFC Millennia: Head-to-Head Comparison

After the detailed overview of both credit cards, let’s compare them head-to-head on various parameters.

This comparison will help you understand the strengths and weaknesses of each card based on reward rate, interest rates, user experience, customer service, and additional perks.

Reward Points System Comparison

Features Axis Bank Ace Credit Card HDFC Millennia Credit Card
Cashback on Bill Payments & Mobile Recharges 5% via Google Pay 1% on all spends
Cashback on Online Shopping 2% on all spends 5% on partner e-commerce websites
Cashback on Dining 4% on Zomato and Swiggy 1% on all spends
Cashback Cap Rs. 500 per statement cycle 1,000 CashPoints per month

Interest Rates Comparison

Both the Axis Bank Ace Credit Card and HDFC Millennia Credit Card have similar interest rates as they are determined by the bank’s policy and the cardholder’s creditworthiness.

Typically, the interest rate on these credit cards ranges from 2.5% to 3.5% per month.

User Experience and Customer Service Comparison

In terms of user experience and customer service, both banks have made efforts to ensure a seamless experience for their customers.

They offer 24/7 customer service support through various channels like phone, email, and online chat. Both banks have mobile apps that allow users to track their expenses, pay bills, and manage their accounts conveniently.

However, user experiences may vary based on individual preferences and experiences.

Additional Perks Comparison

Perks Axis Bank Ace Credit Card HDFC Millennia Credit Card
Lounge Access 4 complimentary accesses at select domestic airports 8 domestic and 2 international lounge accesses
Dining Discounts Up to 20% discount at partner restaurants Up to 20% discount at partner restaurants with Dineout Passport Membership
Joining Fee Waiver On expenditure of Rs. 10,000 within the first 45 days N/A
Annual Fee Waiver On expenditure of Rs. 2 lakh in the preceding year On expenditure of Rs. 1 lakh in the preceding year

Which credit card is right for you?

Both Axis Bank Ace Credit Card and HDFC Millennia Credit Card offer substantial benefits, but the right choice depends on your specific needs and spending habits.

If the majority of your online spending is towards bill payments, mobile/DTH recharges, and food orders from Swiggy, Zomato, and Ola, and you prefer a lower annual fee, the Axis Bank Ace Credit Card might be the better choice for you.

It offers a high reward rate of 5% on these categories and comes with an annual fee of Rs. 499.

On the other hand, if you frequently shop on popular e-commerce platforms like Amazon, Flipkart, Myntra, BookMyShow, etc., the HDFC Millennia Credit Card might be more rewarding despite its higher annual fee of Rs. 1,000.

This card also provides complimentary domestic lounge access, which is a significant perk not offered by many entry-level credit cards.

Dhiraj Jha is a personal finance and credit card expert dedicated to providing valuable insights and advice on budgeting, saving, investing, and debt management.

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